Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm did not identify and test any controls over the issuer's evaluation of whether there were any terms and conditions outside of the sales orders that created enforceable rights and obligations which could affect the recognition of revenue pursuant to the FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2201.39) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 because it did not evaluate whether there were any terms and conditions outside of the sales orders that created enforceable rights and obligations which could affect the recognition of revenue. (AS 2301.08 and .13) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform sufficient procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 because it did not evaluate whether there were any terms and conditions outside of the sales orders that created enforceable rights and obligations which could affect the recognition of revenue. (AS 2301.08 and .13) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 3 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the allowance for doubtful accounts (AFDA) including the review of the AFDA methodology which is determined on a quarterly basis. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the rates used to determine the AFDA beyond reviewing the control owner's assessment that the rates used were in compliance with the issuer's AFDA methodology. (AS 2201.42 and .44) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 3 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the allowance for doubtful accounts (AFDA) including the review of the AFDA methodology which is determined on a quarterly basis. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the rates used to determine the AFDA beyond reviewing the control owner's assessment that the rates used were in compliance with the issuer's AFDA methodology. (AS 2201.42 and .44) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 4 AS 2501 21 The firm's approach for substantively testing the issuer's AFDA was to develop an independent expectation. The firm did not take into account (1) the requirements of an element of FASB ASC Topic 326 Financial Instruments - Credit Losses and (2) its understanding of the issuer's process so that its independent expectation considered the factors relevant to the estimate. Additionally the firm did not perform procedures to demonstrate that it had a reasonable basis for the method and assumptions it used to develop its independent estimate. (AS 2501.21 and .22) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 4 AS 2501 22 The firm's approach for substantively testing the issuer's AFDA was to develop an independent expectation. The firm did not take into account (1) the requirements of an element of FASB ASC Topic 326 Financial Instruments - Credit Losses and (2) its understanding of the issuer's process so that its independent expectation considered the factors relevant to the estimate. Additionally the firm did not perform procedures to demonstrate that it had a reasonable basis for the method and assumptions it used to develop its independent estimate. (AS 2501.21 and .22) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 5 AS 2201 39 The firm did not identify and test any controls over the issuer's identification of related parties and relationships and transactions with related parties. (AS 2201.39) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The firm did not test or test any controls over the accuracy and completeness of certain data from a report used to substantively test revenue. (AS 1105.10) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 2 AS 2301 8 With respect to the allowance for doubtful accounts the firm was instructed by the lead auditor to perform certain substantive procedures to test the accounts receivable aging buckets of the component. The firm did not perform any procedures to test the component's accounts receivable aging buckets as instructed by the lead auditor. (AS 2301.08) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 8 With respect to certain inventory the firm was instructed by the lead auditor to perform substantive procedures to test the valuation of the inventory including price testing at the stock keeping unit (SKU) level for which the firm was instructed to test every invoice that makes up the SKU category selected for testing. The firm did not test every invoice that made up the selected SKU category as instructed by the lead auditor. (AS 2301.08) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm did not test or test any controls over the accuracy and completeness of certain data used to substantively test revenue beyond obtaining evidence of payment for selected transactions. (AS 1105.10) Triennially Inspected 1274 BDO Limited 2025 Hong Kong BDO International Limited 2025-12-22T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Cash and Cash Equivalents 2 AS 2310 28 The firm used an external digital confirmation platform to confirm cash but did not perform procedures to support its reliance on this digital platform's ability to maintain control over the confirmation requests and responses for the year under audit. (AS 2310.28) Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2201 39 The issuer recognized revenue from multiple revenue sources. The following deficiencies were identified with respect to the firm's ICFR audit: • The firm selected for testing a control that consisted of the issuer's review of a sample of customer invoices to verify the pricing information reflected in the selected invoices. The firm did not identify and test any controls over the completeness of the population the issuer used to select invoices for review in the operation of this control. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that additional material weaknesses existed that had not been previously identified. The issuer subsequently reflected these additional material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2201 39 The issuer recognized revenue from multiple revenue sources. The following deficiencies were identified with respect to the firm's ICFR audit: • The firm did not identify and test any controls over certain revenue. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that additional material weaknesses existed that had not been previously identified. The issuer subsequently reflected these additional material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 3 AS 2201 39 The issuer recognized revenue from multiple revenue sources. The following deficiencies were identified with respect to the firm's ICFR audit: • The firm selected for testing two other controls that consisted of the issuer's review of a sample of customer invoices to verify the pricing and other information reflected in the selected invoices. The firm did not identify and test any controls over the completeness of the population the issuer used to select invoices for review in the operation of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that additional material weaknesses existed that had not been previously identified. The issuer subsequently reflected these additional material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 4 AS 2201 39 The issuer recognized revenue from multiple revenue sources. The following deficiencies were identified with respect to the firm's ICFR audit: • The firm selected for testing various controls that consisted of the issuer's review and/or reconciliation of certain system-generated data and reports used to recognize revenue and the issuer's follow-up on missing or duplicate data files. The firm did not identify and test any controls over the accuracy and completeness of the system-generated information used in the operation of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that additional material weaknesses existed that had not been previously identified. The issuer subsequently reflected these additional material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 5 AS 2201 42 The issuer recognized revenue from multiple revenue sources. The following deficiencies were identified with respect to the firm's ICFR audit: • The firm selected for testing various automated controls that consisted of the configuration of the information technology (IT) system to automatically perform certain functions based on pre-established parameters. The firm's testing of these automated controls was not sufficient because the firm did not evaluate the program logic of these controls beyond obtaining certain documentation from the vendor or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that additional material weaknesses existed that had not been previously identified. The issuer subsequently reflected these additional material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 5 AS 2201 44 The issuer recognized revenue from multiple revenue sources. The following deficiencies were identified with respect to the firm's ICFR audit: • The firm selected for testing various automated controls that consisted of the configuration of the information technology (IT) system to automatically perform certain functions based on pre-established parameters. The firm's testing of these automated controls was not sufficient because the firm did not evaluate the program logic of these controls beyond obtaining certain documentation from the vendor or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that additional material weaknesses existed that had not been previously identified. The issuer subsequently reflected these additional material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 6 AS 2201 39 The issuer recognized revenue from multiple revenue sources. The following deficiencies were identified with respect to the firm's ICFR audit: • The firm did not identify and test controls that addressed certain risks of material misstatement related to certain revenue. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that additional material weaknesses existed that had not been previously identified. The issuer subsequently reflected these additional material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 7 AS 2201 39 The issuer recognized revenue from multiple revenue sources. The following deficiencies were identified with respect to the firm's ICFR audit: • The firm did not identify and test any controls over the issuer's evaluation of certain customer contract terms to ensure that the corresponding revenue was recognized in conformity with IFRS. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that additional material weaknesses existed that had not been previously identified. The issuer subsequently reflected these additional material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 8 AS 1105 10 The issuer recognized revenue from multiple revenue sources. The following deficiencies were identified with respect to the firm's ICFR audit: • The firm selected for testing various other controls but did not perform any procedures to test or test any controls over the completeness of the populations from which it made its selections for testing. (AS 1105.10) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that additional material weaknesses existed that had not been previously identified. The issuer subsequently reflected these additional material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 9 AS 1105 10 The firm's approach for substantively testing certain revenue included performing a software-assisted analysis to test the relationships among revenue accounts receivable deferred revenue and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. The firm also performed tests of details and substantive analytical procedures over the revenue using data from system-generated reports provided by the issuer. The following deficiency was identified: • With respect to the software-assisted analysis the firm did not perform procedures to test the cash receipts data underlying the analysis. (AS 1105.10) Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 10 AS 1105 10 The firm's approach for substantively testing certain revenue included performing a software-assisted analysis to test the relationships among revenue accounts receivable deferred revenue and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. The firm also performed tests of details and substantive analytical procedures over the revenue using data from system-generated reports provided by the issuer. The following deficiency was identified: • With respect to the tests of details and substantive analytical procedures the firm did not perform any procedures to test or test any controls over the accuracy and completeness of the data or system-generated reports it used to perform the procedures. (AS 1105.10; AS 2305.16) Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 10 AS 2305 16 The firm's approach for substantively testing certain revenue included performing a software-assisted analysis to test the relationships among revenue accounts receivable deferred revenue and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. The firm also performed tests of details and substantive analytical procedures over the revenue using data from system-generated reports provided by the issuer. The following deficiency was identified: • With respect to the tests of details and substantive analytical procedures the firm did not perform any procedures to test or test any controls over the accuracy and completeness of the data or system-generated reports it used to perform the procedures. (AS 1105.10; AS 2305.16) Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 11 AS 2301 8 The firm did not perform procedures to evaluate whether certain revenue was recognized in conformity with IFRS. (AS 2301.08) Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 12 AS 1105 10 The firm's approach for substantively testing certain other revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the appropriateness of the data underlying the analysis. The firm included data from certain non-revenue related accounts including expense liability and non-cash general ledger accounts in the analysis. The firm did not perform sufficient procedures to evaluate whether the data used in the analysis was appropriate because it did not evaluate the implications of including certain data from these non-revenue related accounts in the analysis on the sufficiency and appropriateness of the underlying data. (AS 1105.10) Triennially Inspected 1284 MANCERA, S.C. 2024 Mexico Ernst & Young Global Limited 2025-12-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Journal Entries Fraud Risk 13 AS 2401 61 The firm identified journal entries that met certain risk criteria but did not examine the underlying support for the journal entries. (AS 2401.61) Triennially Inspected 2516 Da Hua CPAs (Special General Partnership) 2025 China 2025-12-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Prepayments 1 AS 2310 31 To test certain prepayments the firm sent positive confirmation requests to a sample of the issuer's vendors. For certain positive confirmation requests for which it did not receive a response the firm did not perform alternative procedures that provided sufficient appropriate audit evidence. (AS 2310.31) Triennially Inspected 2516 Da Hua CPAs (Special General Partnership) 2025 China 2025-12-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accrued Expenses 2 AS 2310 31 The firm was instructed by the principal auditor to perform certain procedures to test the existence of accrued expenses which included sending positive confirmation requests to a sample of the issuer's vendors. The following deficiency was identified: • For one confirmation request that was not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the accrued expense existed as of year end. (AS 2310.31) Triennially Inspected 2516 Da Hua CPAs (Special General Partnership) 2025 China 2025-12-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accrued Expenses 3 AS 2310 29 The firm was instructed by the principal auditor to perform certain procedures to test the existence of accrued expenses which included sending positive confirmation requests to a sample of the issuer's vendors. The following deficiency was identified: • The firm received electronic responses to certain confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 2516 Da Hua CPAs (Special General Partnership) 2025 China 2025-12-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Deferred Revenue 4 AS 2301 8 The firm was instructed by the principal auditor to perform certain procedures to test the existence of deferred revenue. The firm selected a sample of balances to test certain deferred revenue but did not perform any procedures to evaluate whether the balances represented liabilities as of year end. (AS 2301.08) Triennially Inspected 2516 Da Hua CPAs (Special General Partnership) 2025 China 2025-12-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Deferred Revenue 5 AS 1105 10 The firm was instructed by the principal auditor to perform certain procedures to test the existence of deferred revenue. The firm did not perform procedures to test or identify and test any controls over the completeness of an issuer-prepared report from which it made certain of its selections for testing. (AS 1105.10) Triennially Inspected 2516 Da Hua CPAs (Special General Partnership) 2025 China 2025-12-22T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The firm was instructed by the principal auditor to perform year-end cut-off procedures. The firm did not perform procedures to test or identify and test any controls over the completeness of the system-generated report used to select samples subsequent to year end to test cut-off. (AS 1105.10) Triennially Inspected 2516 Da Hua CPAs (Special General Partnership) 2025 China 2025-12-22T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 1105 10 The issuer's policy is to apply payments to the oldest outstanding accounts receivable balance first. The firm used system-generated accounts receivable aging reports to substantively test the allowance for credit losses. The firm did not perform sufficient procedures to test the accuracy of these reports because it did not perform procedures to evaluate whether any accounts receivable balances were inappropriately removed from the aging reports due to the issuer's policy while other accounts receivable balances inappropriately remained. (AS 1105.10) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1105 A8a During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair values of the acquired assets including certain intangible assets. The following deficiency was identified. • The firm did not perform procedures to (1) evaluate the relevance and reliability of certain external data that the company's specialist used to develop assumptions considered significant by the firm and (2) test the accuracy and completeness of certain issuer-produced data that the company's specialist used to develop other assumptions also considered significant by the firm all of which were used by the company's specialist to determine the fair values of these intangible assets. (AS 1105.A8a) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8b During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair values of the acquired assets including certain intangible assets. The following deficiency was identified. • The firm did not perform procedures to evaluate the reasonableness of an assumption considered significant by the firm developed by the company's specialist and used by the specialist to determine the fair values of the intangible assets beyond determining that the selected value of the assumption was the midpoint in a range of potential assumptions from an external source used by the issuer. (AS 1105.A8b) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 4 During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair values of the acquired assets including certain intangible assets. The following deficiency was identified. • The firm did not perform procedures to evaluate the relevance and reliability of certain industry and other external information provided by the issuer that was used by the firm to evaluate the reasonableness of the issuer's revenue forecast. (AS 1105.04 and .06) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 6 During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair values of the acquired assets including certain intangible assets. The following deficiency was identified. • The firm did not perform procedures to evaluate the relevance and reliability of certain industry and other external information provided by the issuer that was used by the firm to evaluate the reasonableness of the issuer's revenue forecast. (AS 1105.04 and .06) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2501 16 During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair values of the acquired assets including certain intangible assets. The following deficiency was identified. • The firm did not perform sufficient procedures to evaluate the reasonableness of the issuer's revenue forecasts used by the company's specialist to determine the fair values of the intangible assets because it did not (1) perform procedures to evaluate whether the issuer had a reasonable basis for these significant assumptions and (2) take into account the issuer's intent and ability to meet the revenue predictions including whether the issuer has the financial resources and/or other means to meet the projections. (AS 2501.16 and .17) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2501 17 During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair values of the acquired assets including certain intangible assets. The following deficiency was identified. • The firm did not perform sufficient procedures to evaluate the reasonableness of the issuer's revenue forecasts used by the company's specialist to determine the fair values of the intangible assets because it did not (1) perform procedures to evaluate whether the issuer had a reasonable basis for these significant assumptions and (2) take into account the issuer's intent and ability to meet the revenue predictions including whether the issuer has the financial resources and/or other means to meet the projections. (AS 2501.16 and .17) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash and Cash Equivalents 5 AS 2310 28 The firm used an external digital confirmation platform to confirm cash but did not perform any procedures to support its reliance on this digital platform's ability to maintain control over the confirmation requests and responses. (AS 2310.28) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 6 AS 2410 12 The firm did not perform sufficient procedures to test a related party transaction because it did not (1) read the underlying documentation and evaluate whether the terms and other information about the transaction were consistent with explanations from inquiries and other audit evidence about the business purpose (or the lack thereof) of the transaction (2) determine whether the transaction had been authorized and approved in accordance with the issuer's established policies and procedures and (3) determine whether any exceptions to the issuer's established policies and procedures were granted. (AS 2410.12) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized revenue from multiple revenue sources. The following deficiency was identified: • The firm did not perform any procedures to test (1) contractual arrangements to determine whether certain revenue was recorded in accordance with IFRS 15 Revenue from Contracts with Customers and (2) whether the issuer's performance obligations had been satisfied before revenue recognition beyond obtaining and reviewing internally generated customer invoices. (AS 2301.08 and .13) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized revenue from multiple revenue sources. The following deficiency was identified: • The firm did not perform any procedures to test (1) contractual arrangements to determine whether certain revenue was recorded in accordance with IFRS 15 Revenue from Contracts with Customers and (2) whether the issuer's performance obligations had been satisfied before revenue recognition beyond obtaining and reviewing internally generated customer invoices. (AS 2301.08 and .13) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized revenue from multiple revenue sources. The following deficiency was identified: • The firm did not perform any procedures to test certain other revenue. (AS 2301.08 and .13) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized revenue from multiple revenue sources. The following deficiency was identified: • The firm did not perform any procedures to test certain other revenue. (AS 2301.08 and .13) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 2501 7 During the year the issuer acquired a business and engaged an external specialist to assist in determining the purchase price allocation and fair values of the acquired assets including certain goodwill and other intangible assets. The following deficiency was identified. • The firm did not perform procedures to test the purchase price allocation and fair value of the goodwill and other intangible assets acquired in the business combination beyond obtaining and reading the valuation reports prepared by the company's specialist and agreeing amounts from those reports to the general ledger. (AS 2501.07) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1105 A10 During the year the issuer acquired a business and engaged an external specialist to assist in determining the purchase price allocation and fair values of the acquired assets including certain goodwill and other intangible assets. The following deficiency was identified. • The firm did not perform procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1105 A6 During the year the issuer acquired a business and engaged an external specialist to assist in determining the purchase price allocation and fair values of the acquired assets including certain goodwill and other intangible assets. The following deficiency was identified. • The firm did not perform procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1105 A7 During the year the issuer acquired a business and engaged an external specialist to assist in determining the purchase price allocation and fair values of the acquired assets including certain goodwill and other intangible assets. The following deficiency was identified. • The firm did not perform procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1105 A8 During the year the issuer acquired a business and engaged an external specialist to assist in determining the purchase price allocation and fair values of the acquired assets including certain goodwill and other intangible assets. The following deficiency was identified. • The firm did not perform procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1105 A9 During the year the issuer acquired a business and engaged an external specialist to assist in determining the purchase price allocation and fair values of the acquired assets including certain goodwill and other intangible assets. The following deficiency was identified. • The firm did not perform procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2301 8 The issuer reported intangible assets and performed an assessment of those assets for possible impairment. The principal auditor instructed the firm to perform procedures to test the valuation of these assets including an evaluation of indicators of impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether the issuer had capitalized the costs associated with these intangible assets in accordance with IAS 38 Intangible Assets beyond inquiry of management and reading management's assessment of the intangible assets. (AS 2301.08 and .11) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2301 11 The issuer reported intangible assets and performed an assessment of those assets for possible impairment. The principal auditor instructed the firm to perform procedures to test the valuation of these assets including an evaluation of indicators of impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether the issuer had capitalized the costs associated with these intangible assets in accordance with IAS 38 Intangible Assets beyond inquiry of management and reading management's assessment of the intangible assets. (AS 2301.08 and .11) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 2501 7 The issuer reported intangible assets and performed an assessment of those assets for possible impairment. The principal auditor instructed the firm to perform procedures to test the valuation of these assets including an evaluation of indicators of impairment. The following deficiency was identified: • The firm did not perform procedures to test the impairment expense recorded by the issuer related to these intangible assets beyond inquiry of management. (AS 2501.07) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2301 8 The issuer reported intangible assets and performed an assessment of those assets for possible impairment. The principal auditor instructed the firm to perform procedures to test the valuation of these assets including an evaluation of indicators of impairment. The following deficiency was identified: • The firm did not perform any procedures to evaluate how management determined whether any indicators of impairment existed with respect to these intangible assets at year end. (AS 2301.08 and .11) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2301 11 The issuer reported intangible assets and performed an assessment of those assets for possible impairment. The principal auditor instructed the firm to perform procedures to test the valuation of these assets including an evaluation of indicators of impairment. The following deficiency was identified: • The firm did not perform any procedures to evaluate how management determined whether any indicators of impairment existed with respect to these intangible assets at year end. (AS 2301.08 and .11) Triennially Inspected 6622 PKF Brisbane Audit 2025 Australia 2025-12-22T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2301 8 The firm did not perform any procedures to evaluate whether certain assets met the definition of property plant and equipment in accordance with IAS 16 Property Plant and Equipment because the firm did not evaluate the business purpose of the assets beyond inquiry of management. (AS 2301.08) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 39 The issuer developed the ACL for loans collectively evaluated for impairment using various models that were maintained by a service organization. The firm obtained a service auditor's report for this service organization. The following deficiency was identified: • The firm did not identify and test any controls over the appropriateness of certain models that were not addressed by this service auditor's report. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 42 The issuer developed the ACL for loans collectively evaluated for impairment using various models that were maintained by a service organization. The firm obtained a service auditor's report for this service organization. The following deficiency was identified: • The firm identified certain complementary user controls related to the issuer's validation and review of the outputs of the service organization's models that the service auditor's report described as necessary. The firm selected for testing a control to address the complementary user controls but did not identify that this control was not designed to satisfy the control objectives of the complementary user controls. (AS 2201.42 and .B22) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 B22 The issuer developed the ACL for loans collectively evaluated for impairment using various models that were maintained by a service organization. The firm obtained a service auditor's report for this service organization. The following deficiency was identified: • The firm identified certain complementary user controls related to the issuer's validation and review of the outputs of the service organization's models that the service auditor's report described as necessary. The firm selected for testing a control to address the complementary user controls but did not identify that this control was not designed to satisfy the control objectives of the complementary user controls. (AS 2201.42 and .B22) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 39 The issuer developed the ACL for loans collectively evaluated for impairment using various models that were maintained by a service organization. The firm obtained a service auditor's report for this service organization. The following deficiency was identified: • The firm selected for testing a control that consisted of the issuer's review of the ACL. The firm did not identify and test any controls over the accuracy and completeness of a report produced by the service organization that was used in the operation of this control. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 42 The issuer developed the ACL for loans collectively evaluated for impairment using various models that were maintained by a service organization. The firm obtained a service auditor's report for this service organization. The following deficiency was identified: • The firm selected for testing a control that included the issuer's review of certain ACL assumptions that the service organization used in its models. The firm did not perform procedures to evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 44 The issuer developed the ACL for loans collectively evaluated for impairment using various models that were maintained by a service organization. The firm obtained a service auditor's report for this service organization. The following deficiency was identified: • The firm selected for testing a control that included the issuer's review of certain ACL assumptions that the service organization used in its models. The firm did not perform procedures to evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 39 The issuer developed the ACL for loans collectively evaluated for impairment using various models that were maintained by a service organization. The firm obtained a service auditor's report for this service organization. The following deficiency was identified: • The firm selected for testing a control that included the issuer's review of certain ACL assumptions that the service organization used in its models. The firm did not identify and test any controls over the review of an analysis that was prepared by a company specialist and used in the operation of this control. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 6 AS 2201 42 The firm selected for testing certain controls over the review of changes to risk ratings credit quality monitoring collateral impairment analysis and loan write-offs. The firm did not perform procedures to evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 6 AS 2201 44 The firm selected for testing certain controls over the review of changes to risk ratings credit quality monitoring collateral impairment analysis and loan write-offs. The firm did not perform procedures to evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 7 AS 2201 39 The firm did not identify and test any or test aspects of controls over the accuracy and/or completeness of the loan delinquency data and certain other loan data that the issuer used in the operation of controls over the ACL the firm selected for testing. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 8 AS 2301 8 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm used a report produced by the service organization in its substantive testing of the ACL but did not perform procedures to test or test any controls over the accuracy of this report. (AS 2301.08 and .11) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 8 AS 2301 11 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm used a report produced by the service organization in its substantive testing of the ACL but did not perform procedures to test or test any controls over the accuracy of this report. (AS 2301.08 and .11) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 1105 A1 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 1105 A10 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 1105 A2 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 1105 A3 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 1105 A4 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 1105 A5 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 1105 A6 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 1105 A7 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 1105 A8 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 1105 A9 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 2501 10 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate whether certain of the models the issuer used were in conformity with the requirements of GAAP and appropriate for the nature of the ACL beyond reading the company's specialist's report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - A.10; AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 10 AS 2501 16 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of the significant assumptions used to develop the ACL beyond reading an issuer-prepared memorandum. (AS 2501.16) Triennially Inspected 286 Eide Bailly LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 11 AS 1105 10 The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used the work of company specialists to evaluate the appropriateness of certain of the models the issuer used to develop the ACL for loans collectively evaluated for impairment. The following deficiency was identified: • The firm used issuer-prepared loan delinquency data in its substantive testing of the ACL but did not perform procedures to test or test any controls over the accuracy of this data. (AS 1105.10) Triennially Inspected 726 Whitley Penn LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Significant Account Fraud Risk 1 AS 2201 42 The firm selected for testing certain controls over a significant account. For one control the firm did not evaluate the specific procedures that the control owner performed to determine that the significant account was appropriately recognized. (AS 2201.42 and .44) Triennially Inspected 726 Whitley Penn LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Significant Account Fraud Risk 1 AS 2201 44 The firm selected for testing certain controls over a significant account. For one control the firm did not evaluate the specific procedures that the control owner performed to determine that the significant account was appropriately recognized. (AS 2201.42 and .44) Triennially Inspected 726 Whitley Penn LLP 2025 United States 2025-12-08T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Significant Account Fraud Risk 2 AS 2201 39 The firm selected for testing certain controls over a significant account. For another control the firm did not identify and test any controls over the accuracy and completeness of the system-generated reports used in the operation of the control. (AS 2201.39) Triennially Inspected 1309 Kesselman & Kesselman C.P.A.s 2024 Israel PricewaterhouseCoopers International Limited 2025-12-08T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 58 The firm was instructed by the principal auditor to perform procedures to test journal entries that met certain risk criteria as determined by the principal auditor to address a fraud risk related to management override of controls that was identified by the principal auditor. The firm did not identify and select journal entries and other adjustments for testing as instructed by the principal auditor. (AS 2401.58) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 1 AS 2201 42 The firm selected for testing certain controls over the issuer's review and approval of adjustments to debt. The firm did not evaluate the review procedures that the control owners performed including procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its accounting for certain debt and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm issued an audit report on the issuer's restated financial statements. Our procedures did not include review of any additional audit work related to the restatement. The issuer also reevaluated its controls over debt and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion. Our procedures did not include review of any additional audit work related to this material weakness. Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 1 AS 2201 44 The firm selected for testing certain controls over the issuer's review and approval of adjustments to debt. The firm did not evaluate the review procedures that the control owners performed including procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its accounting for certain debt and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm issued an audit report on the issuer's restated financial statements. Our procedures did not include review of any additional audit work related to the restatement. The issuer also reevaluated its controls over debt and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion. Our procedures did not include review of any additional audit work related to this material weakness. Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 2 AS 2810 30 The firm selected for testing certain controls over the issuer's review and approval of adjustments to debt. The firm did not identify and evaluate a departure from IFRS related to the issuer's accounting for and presentation of certain debt in conformity with IAS 32 Financial Instruments: Presentation. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain debt and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm issued an audit report on the issuer's restated financial statements. Our procedures did not include review of any additional audit work related to the restatement. The issuer also reevaluated its controls over debt and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion. Our procedures did not include review of any additional audit work related to this material weakness. Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 2 AS 2810 31 The firm selected for testing certain controls over the issuer's review and approval of adjustments to debt. The firm did not identify and evaluate a departure from IFRS related to the issuer's accounting for and presentation of certain debt in conformity with IAS 32 Financial Instruments: Presentation. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain debt and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm issued an audit report on the issuer's restated financial statements. Our procedures did not include review of any additional audit work related to the restatement. The issuer also reevaluated its controls over debt and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion. Our procedures did not include review of any additional audit work related to this material weakness. Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivables 3 AS 2201 39 The firm selected for testing certain controls over the issuer's review of accounts receivables and the allowance for credit losses. The firm did not identify and test any controls over the accuracy of reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 For certain of the issuer's subsidiaries the firm did not perform any procedures to identify and select journal entries and other adjustments for testing without having an appropriate basis for excluding those subsidiaries. (AS 2401.61) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm did not test or test any controls over the accuracy of certain system-generated reports used to substantively test revenue. (AS 1105.10) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2310 29 To test accounts receivable the firm sent positive confirmation requests to a sample of customer accounts. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 1105 A1 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 1105 A10 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 1105 A2 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 1105 A3 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 1105 A4 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 1105 A5 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 1105 A6 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 1105 A7 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 1105 A8 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 1105 A9 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 2501 7 The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform procedures to test the inception date fair value of the significant account beyond obtaining and reading the company's specialist's report. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 4 AS 1105 A8b The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform any procedures to evaluate the reasonableness of a certain significant assumption developed and used by the company's specialist to estimate the year-end fair value of the significant account. (AS 1105.A8b) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 5 AS 1105 A8c The issuer engaged external specialists to assist in determining the fair value of a significant account at inception and at year-end. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate whether the methodology used by the company's specialist to develop the year-end fair value of the significant account was appropriate under the circumstances because the firm did not evaluate whether the data and significant assumptions were appropriately applied under the applicable financial reporting framework. (AS 1105.A8c) Triennially Inspected 5341 Manohar Chowdhry & Associates 2025 India 2025-12-08T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries 1 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Financial Statement Presentation 1 AS 2810 30 The issuer presented its financial statements in a condensed format. The firm did not identify and appropriately address that the financial statements because they were condensed did not present fairly in all material respects the issuer's financial position the results of its operations and its cash flows in conformity with GAAP. (AS 2810.30 and .31) In connection with our review the issuer reevaluated the presentation of its financial statements and concluded that its financial statements should not have been presented in a condensed format. The issuer subsequently presented its financial statements in a non-condensed format in a restatement and the firm issued an audit report on the issuer's restated financial statements. Our procedures did not include review of any additional audit work related to the restatement. Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Financial Statement Presentation 1 AS 2810 31 The issuer presented its financial statements in a condensed format. The firm did not identify and appropriately address that the financial statements because they were condensed did not present fairly in all material respects the issuer's financial position the results of its operations and its cash flows in conformity with GAAP. (AS 2810.30 and .31) In connection with our review the issuer reevaluated the presentation of its financial statements and concluded that its financial statements should not have been presented in a condensed format. The issuer subsequently presented its financial statements in a non-condensed format in a restatement and the firm issued an audit report on the issuer's restated financial statements. Our procedures did not include review of any additional audit work related to the restatement. Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 1105 4 The firm did not perform procedures to evaluate the reliability of external information it used to test certain revenue beyond comparing certain of the information to an issuer-produced report that was itself based on that external information. (AS 1105.04 and .06) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 1105 6 The firm did not perform procedures to evaluate the reliability of external information it used to test certain revenue beyond comparing certain of the information to an issuer-produced report that was itself based on that external information. (AS 1105.04 and .06) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue Fraud Risk 3 AS 2301 8 For certain other revenue and the related deferred revenue the following deficiency was identified: • The firm did not evaluate whether the issuer was acting as a principal or as an agent for this revenue. (AS 2301.08) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 3 AS 2301 8 For certain other revenue and the related deferred revenue the following deficiency was identified: • The firm did not evaluate whether the issuer was acting as a principal or as an agent for this revenue. (AS 2301.08) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue Fraud Risk 4 AS 2301 8 For certain other revenue and the related deferred revenue the following deficiency was identified: • The firm did not perform procedures to test a revenue transaction it selected for testing beyond performing procedures on the related cost of goods sold. (AS 2301.08) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 4 AS 2301 8 For certain other revenue and the related deferred revenue the following deficiency was identified: • The firm did not perform procedures to test a revenue transaction it selected for testing beyond performing procedures on the related cost of goods sold. (AS 2301.08) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue Fraud Risk 5 AS 2301 8 For certain other revenue and the related deferred revenue the following deficiency was identified: • During the year for another transaction the issuer recognized certain revenue that had been previously deferred. The firm did not perform procedures beyond a certain recalculation to test the appropriateness of the recognition of this revenue in the current year and the continued deferral of the remaining revenue for this transaction. (AS 2301.08) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 5 AS 2301 8 For certain other revenue and the related deferred revenue the following deficiency was identified: • During the year for another transaction the issuer recognized certain revenue that had been previously deferred. The firm did not perform procedures beyond a certain recalculation to test the appropriateness of the recognition of this revenue in the current year and the continued deferral of the remaining revenue for this transaction. (AS 2301.08) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 6 AS 2410 12 The issuer reported stock-based compensation issued to related parties. The firm did not perform procedures to test this compensation beyond obtaining certain issuer-produced calculations. (AS 2410.12) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 7 AS 2410 17 The issuer reported stock-based compensation issued to related parties. The firm did not identify and evaluate GAAP departures related to the issuer's omission of disclosures related to this compensation that are required by FASB ASC Topic 718 Compensation—Stock Compensation. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 7 AS 2810 30 The issuer reported stock-based compensation issued to related parties. The firm did not identify and evaluate GAAP departures related to the issuer's omission of disclosures related to this compensation that are required by FASB ASC Topic 718 Compensation—Stock Compensation. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 7 AS 2810 31 The issuer reported stock-based compensation issued to related parties. The firm did not identify and evaluate GAAP departures related to the issuer's omission of disclosures related to this compensation that are required by FASB ASC Topic 718 Compensation—Stock Compensation. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 8 AS 2410 17 The issuer reported a related party note receivable and related party loans payable. The firm did not identify and evaluate GAAP departures related to the issuer's omission of disclosures related to this receivable and payable that are required by FASB ASC Topic 825 Financial Instruments and FASB ASC Topic 860 Transfers and Servicing. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 8 AS 2810 30 The issuer reported a related party note receivable and related party loans payable. The firm did not identify and evaluate GAAP departures related to the issuer's omission of disclosures related to this receivable and payable that are required by FASB ASC Topic 825 Financial Instruments and FASB ASC Topic 860 Transfers and Servicing. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 8 AS 2810 31 The issuer reported a related party note receivable and related party loans payable. The firm did not identify and evaluate GAAP departures related to the issuer's omission of disclosures related to this receivable and payable that are required by FASB ASC Topic 825 Financial Instruments and FASB ASC Topic 860 Transfers and Servicing. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 1 AS 2301 8 During the year the issuer reported a significant transaction. The following deficiency was identified: • The firm did not perform procedures to test whether the issuer appropriately accounted for certain aspects of this transaction. (AS 2301.08) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 2 AS 2501 7 During the year the issuer reported a significant transaction. The following deficiency was identified: • The firm did not perform procedures to test the fair value of certain aspects of this transaction. (AS 2501.07) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 3 AS 1105 A6 During the year the issuer reported a significant transaction. The following deficiency was identified: • The issuer engaged an external specialist to determine the fair value of another aspect of this transaction. The firm did not perform procedures to test that fair value beyond obtaining and reading the valuation reports prepared by the company specialist. Further the firm did not perform any procedures to evaluate the work of the company specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 3 AS 1105 A7 During the year the issuer reported a significant transaction. The following deficiency was identified: • The issuer engaged an external specialist to determine the fair value of another aspect of this transaction. The firm did not perform procedures to test that fair value beyond obtaining and reading the valuation reports prepared by the company specialist. Further the firm did not perform any procedures to evaluate the work of the company specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 4 AS 1105 A8 During the year the issuer reported a significant transaction. The following deficiency was identified: • The issuer engaged an external specialist to determine the fair value of another aspect of this transaction. The firm did not perform procedures to test that fair value beyond obtaining and reading the valuation reports prepared by the company specialist. Further the firm did not perform any procedures to evaluate the work of the company specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 4 AS 1105 A9 During the year the issuer reported a significant transaction. The following deficiency was identified: • The issuer engaged an external specialist to determine the fair value of another aspect of this transaction. The firm did not perform procedures to test that fair value beyond obtaining and reading the valuation reports prepared by the company specialist. Further the firm did not perform any procedures to evaluate the work of the company specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 5 AS 1105 A10 During the year the issuer reported a significant transaction. The following deficiency was identified: • The issuer engaged an external specialist to determine the fair value of another aspect of this transaction. The firm did not perform procedures to test that fair value beyond obtaining and reading the valuation reports prepared by the company specialist. Further the firm did not perform any procedures to evaluate the work of the company specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 5 AS 2501 7 During the year the issuer reported a significant transaction. The following deficiency was identified: • The issuer engaged an external specialist to determine the fair value of another aspect of this transaction. The firm did not perform procedures to test that fair value beyond obtaining and reading the valuation reports prepared by the company specialist. Further the firm did not perform any procedures to evaluate the work of the company specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 6 AS 2301 8 During the year the issuer reported a significant transaction. The following deficiency was identified: • The firm did not perform procedures to test the existence and completeness of certain aspects of this transaction. (AS 2301.08) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 7 AS 2810 30 During the year the issuer reported a significant transaction. The following deficiency was identified: • The firm did not identify and evaluate GAAP departures related to the issuer's omission of and inaccurate disclosures related to this significant transaction. (AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 7 AS 2810 31 During the year the issuer reported a significant transaction. The following deficiency was identified: • The firm did not identify and evaluate GAAP departures related to the issuer's omission of and inaccurate disclosures related to this significant transaction. (AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2301 41 The issuer reported several types of revenue. The following deficiency was identified: • The firm did not perform any substantive procedures to examine a material adjustment the issuer made to revenue during the course of preparing the financial statements. (AS 2301.41) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 8 The issuer reported several types of revenue. The following deficiency was identified: • For one type of revenue the firm did not perform procedures to evaluate whether the issuer satisfied its performance obligations before recognizing revenue. (AS 2301.08 and .13) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 13 The issuer reported several types of revenue. The following deficiency was identified: • For one type of revenue the firm did not perform procedures to evaluate whether the issuer satisfied its performance obligations before recognizing revenue. (AS 2301.08 and .13) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2301 8 The issuer reported several types of revenue. The following deficiency was identified: • For other types of revenue the firm did not perform procedures to evaluate whether the issuer satisfied its performance obligations beyond obtaining evidence of cash receipts or an issuerprepared schedule in certain instances. (AS 2301.08 and .13) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2301 13 The issuer reported several types of revenue. The following deficiency was identified: • For other types of revenue the firm did not perform procedures to evaluate whether the issuer satisfied its performance obligations beyond obtaining evidence of cash receipts or an issuerprepared schedule in certain instances. (AS 2301.08 and .13) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 11 AS 2301 8 The firm did not perform any substantive procedures to evaluate the classification of deferred revenue as current or non-current. (AS 2301.08) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 12 AS 2810 30 The firm did not identify and evaluate GAAP departures related to the issuer's omission of disclosures related to revenue and deferred revenue that are required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2810 30 The firm did not identify and evaluate GAAP departures related to the issuer's omission of disclosures related to revenue and deferred revenue that are required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 12 AS 2810 31 The firm did not identify and evaluate GAAP departures related to the issuer's omission of disclosures related to revenue and deferred revenue that are required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2810 31 The firm did not identify and evaluate GAAP departures related to the issuer's omission of disclosures related to revenue and deferred revenue that are required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 13 AS 2401 61 The firm did not consider the characteristics of potentially fraudulent journal entries when identifying and selecting entries for testing. (AS 2401.61) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any substantive procedures to test revenue. (AS 2301.08 and .13) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any substantive procedures to test revenue. (AS 2301.08 and .13) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate how the issuer tested its intangible assets for potential impairment as events or changes in circumstances existed that indicated that the carrying amount of the intangible assets may not be recoverable. (AS 2301.08) Triennially Inspected 6797 Bush & Associates CPA LLC 2025 United States 2025-12-08T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 The firm did not consider the characteristics of potentially fraudulent journal entries when identifying and selecting entries for testing. (AS 2401.61) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Related Transactions Fraud Risk 1 AS 2501 16 The firm's approach for substantively testing the valuation of certain equity-related transactions was to test the issuer's process. The firm did not perform sufficient procedures to evaluate whether the issuer had a reasonable basis for certain of the significant assumptions used to estimate the valuation of these equity-related transactions because the firm did not evaluate how the issuer considered certain relevant factors required under GAAP when developing these significant assumptions. (AS 2501.16) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Related Transactions Fraud Risk 2 AS 2501 10 In addition the firm did not identify and evaluate departures from GAAP related to: • the issuer's method used to record estimated expenses associated with these transactions; (AS 2501.10) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Related Transactions Fraud Risk 3 AS 2810 30 In addition the firm did not identify and evaluate departures from GAAP related to: • the issuer's omission of certain disclosures required under GAAP for these transactions. (AS 2810.30 and .31) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Related Transactions Fraud Risk 3 AS 2810 31 In addition the firm did not identify and evaluate departures from GAAP related to: • the issuer's omission of certain disclosures required under GAAP for these transactions. (AS 2810.30 and .31) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 2501 16 The issuer engaged a specialist to perform an assessment of goodwill for possible impairment. The firm's approach for substantively testing this impairment assessment was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer and used in this impairment analysis. (AS 2501.16) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 2501 16 The issuer engaged a specialist to perform an assessment of goodwill for possible impairment. The firm's approach for substantively testing this impairment assessment was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in this impairment analysis beyond performing a sensitivity analysis. (AS 2501.16) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform substantive procedures beyond obtaining certain cash receipt evidence to evaluate (1) whether the performance obligations had been satisfied before revenue was recognized and (2) the accuracy of the transaction price used to record revenue. (AS 2301.08 and .13) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform substantive procedures beyond obtaining certain cash receipt evidence to evaluate (1) whether the performance obligations had been satisfied before revenue was recognized and (2) the accuracy of the transaction price used to record revenue. (AS 2301.08 and .13) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2501 10 The issuer engaged a specialist to perform an assessment of goodwill for possible impairment using cash-flow forecasts. The firm's approach for substantively testing this impairment assessment was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to evaluate whether the issuer's method to determine the fair value used in the assessment that excluded certain costs from these cash-flow forecasts was in conformity with GAAP. (AS 2501.10) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 3 AS 2501 16 The issuer engaged a specialist to perform an assessment of goodwill for possible impairment using cash-flow forecasts. The firm's approach for substantively testing this impairment assessment was to test the issuer's process. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed by the issuer because its procedures were limited to comparing this assumption with the assumption used in prior years' impairment assessments. Further the firm did not evaluate a significant difference between this assumption and the issuer's historical experience. (AS 2501.16) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 2501 16 The issuer engaged a specialist to perform an assessment of goodwill for possible impairment using cash-flow forecasts. The firm's approach for substantively testing this impairment assessment was to test the issuer's process. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the reasonableness of another significant assumption developed by the issuer because it did not evaluate the consistency of this assumption with historical or recent experience taking into account that this assumption was based on certain conditions or events that affected the company in the current year that may not recur in future years. (AS 2501.16) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1105 A8b The issuer engaged a specialist to perform an assessment of goodwill for possible impairment using cash-flow forecasts. The firm's approach for substantively testing this impairment assessment was to test the issuer's process. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist because the firm did not perform any procedures to evaluate the reasonableness of a component of this assumption. (AS 1105.A8b) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Transaction 1 AS 2810 30 During the year the issuer entered into a significant transaction. The following deficiency was identified: • The firm did not identify and evaluate certain departures from GAAP related to the issuer's accounting for and disclosures associated with this transaction. (AS 2810.30 and .31) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Transaction 1 AS 2810 31 During the year the issuer entered into a significant transaction. The following deficiency was identified: • The firm did not identify and evaluate certain departures from GAAP related to the issuer's accounting for and disclosures associated with this transaction. (AS 2810.30 and .31) Triennially Inspected 6816 Elkana Amitai CPA 2024 Israel 2025-12-08T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Transaction 2 AS 2301 8 During the year the issuer entered into a significant transaction. The following deficiency was identified: • The firm did not evaluate the appropriateness of certain other aspects of the issuer's accounting for this transaction. (AS 2301.08) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 2301 8 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not evaluate whether the issuer accounted for certain aspects of these accounts in conformity with GAAP. (AS 2301.08 and .11) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 2301 11 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not evaluate whether the issuer accounted for certain aspects of these accounts in conformity with GAAP. (AS 2301.08 and .11) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 2 AS 2501 10 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not evaluate whether the method used to develop an estimate related to one of the significant accounts was in conformity with GAAP and appropriate for the nature of the account taking into account the firm's understanding of the issuer and its environment. (AS 2501.10) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 3 AS 2501 16 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not evaluate the reasonableness of certain significant assumptions the issuer developed and used to estimate the value of the significant accounts. (AS 2501.16) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 4 AS 2501 16 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not evaluate the reasonableness of another significant assumption the issuer used to estimate one of the significant accounts beyond comparing it to external data without evaluating the significant difference between the external data and the assumption used by the issuer. (AS 2501.16) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 5 AS 2501 16 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not perform procedures to demonstrate that it had a reasonable basis for an expectation it developed to evaluate the reasonableness of a significant assumption used by the issuer to estimate the significant accounts. (AS 2501.16) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 6 AS 1105 4 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not perform procedures to test the reliability of certain information it used to develop its expectation of the significant assumption. (AS 1105.04 and .06) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 6 AS 1105 6 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not perform procedures to test the reliability of certain information it used to develop its expectation of the significant assumption. (AS 1105.04 and .06) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 7 AS 1105 4 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not perform sufficient procedures to test the relevance of certain information used by the issuer to develop an estimate related to the significant accounts because it did not consider certain factors related to the information. (AS 1105.04 and .06) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 7 AS 1105 6 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not perform sufficient procedures to test the relevance of certain information used by the issuer to develop an estimate related to the significant accounts because it did not consider certain factors related to the information. (AS 1105.04 and .06) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 8 AS 2810 30 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain required disclosures related to one of the significant accounts. (AS 2810.30 and .31) Triennially Inspected 29 Sassetti LLC 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 8 AS 2810 31 The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain required disclosures related to one of the significant accounts. (AS 2810.30 and .31) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm did not perform any substantive procedures to evaluate the issuer's contract terms with its customers to determine whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenues from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm did not perform any substantive procedures to evaluate the issuer's contract terms with its customers to determine whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenues from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm did not sufficiently evaluate the issuer's identification of performance obligations because it did not evaluate (1) the issuer's basis for concluding that the goods or services or bundles thereof represented single or multiple performance obligations including any ‘series' performance obligations; and (2) whether any performance obligations met the criteria for recognition over time. (AS 2301.08 and .13) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm did not sufficiently evaluate the issuer's identification of performance obligations because it did not evaluate (1) the issuer's basis for concluding that the goods or services or bundles thereof represented single or multiple performance obligations including any ‘series' performance obligations; and (2) whether any performance obligations met the criteria for recognition over time. (AS 2301.08 and .13) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm did not perform any procedures to test whether performance obligations had been satisfied before revenue was recognized for all but four transactions selected for testing. (AS 2301.08 and .13) For two of these transactions the firm did not test or test any controls over the completeness and accuracy of issuer-produced information used in its substantive testing. (AS 1105.10) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm did not perform any procedures to test whether performance obligations had been satisfied before revenue was recognized for all but four transactions selected for testing. (AS 2301.08 and .13) For two of these transactions the firm did not test or test any controls over the completeness and accuracy of issuer-produced information used in its substantive testing. (AS 1105.10) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm did not perform any procedures to test whether performance obligations had been satisfied before revenue was recognized for all but four transactions selected for testing. (AS 2301.08 and .13) For two of these transactions the firm did not test or test any controls over the completeness and accuracy of issuer-produced information used in its substantive testing. (AS 1105.10) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 16 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm's sample was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowance for incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 19 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm's sample was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowance for incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm's sample was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowance for incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23A Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer recognized revenue from certain contracts as either single performance obligations or multiple performance obligations satisfied at a point in time. The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiency was identified: • The firm's sample was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowance for incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 8 The firm did not evaluate whether the issuer's accounting for certain revenue as the principal rather than as an agent was appropriate. (AS 2301.08 and .13) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 13 The firm did not evaluate whether the issuer's accounting for certain revenue as the principal rather than as an agent was appropriate. (AS 2301.08 and .13) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Fraud Risk 7 AS 2310 26 The firm's approach to testing accounts receivable included sending a positive confirmation request to the issuer's largest customer. The firm sent the confirmation request to a respondent who was an employee of the issuer who also performed contract work for the customer without considering the respondent's objectivity and freedom from bias and whether the response that was received by the firm provided meaningful and appropriate evidence. (AS 2310.26 and .27) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Fraud Risk 7 AS 2310 27 The firm's approach to testing accounts receivable included sending a positive confirmation request to the issuer's largest customer. The firm sent the confirmation request to a respondent who was an employee of the issuer who also performed contract work for the customer without considering the respondent's objectivity and freedom from bias and whether the response that was received by the firm provided meaningful and appropriate evidence. (AS 2310.26 and .27) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Fraud Risk 8 AS 2301 8 The firm also traced one invoice due from another customer to subsequent cash receipts. The firm did not perform any procedures to test the remaining accounts receivable balance. (AS 2301.08 and .13) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Fraud Risk 8 AS 2301 13 The firm also traced one invoice due from another customer to subsequent cash receipts. The firm did not perform any procedures to test the remaining accounts receivable balance. (AS 2301.08 and .13) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Assets Significant Risk 9 AS 2301 8 During the year events or changes in circumstances existed indicating that the carrying value of the significant assets may not be recoverable. The firm did not evaluate whether the issuer performed an assessment of these assets for possible impairment. (AS 2301.08; AS 2810.03) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Assets Significant Risk 9 AS 2810 3 During the year events or changes in circumstances existed indicating that the carrying value of the significant assets may not be recoverable. The firm did not evaluate whether the issuer performed an assessment of these assets for possible impairment. (AS 2301.08; AS 2810.03) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Assets Significant Risk 10 AS 2301 8 The issuer developed an estimate related to certain other of these significant assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: • The firm did not perform any procedures beyond inquiry to evaluate the appropriateness of the issuer's classification of certain significant assets. (AS 2301.08 and .11) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Assets Significant Risk 10 AS 2301 11 The issuer developed an estimate related to certain other of these significant assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: • The firm did not perform any procedures beyond inquiry to evaluate the appropriateness of the issuer's classification of certain significant assets. (AS 2301.08 and .11) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Assets Significant Risk 11 AS 2501 10 The issuer developed an estimate related to certain other of these significant assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: • The firm did not sufficiently evaluate whether the issuer's method used to determine an estimate related to the significant assets was in conformity with GAAP because it did not evaluate whether the method considered a certain significant assumption. (AS 2501.10) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Assets Significant Risk 12 AS 2501 16 The issuer developed an estimate related to certain other of these significant assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate whether the issuer had a reasonable basis for using a certain significant assumption used to develop an estimate related to the significant assets. (AS 2501.16) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Assets Significant Risk 13 AS 1105 10 The issuer developed an estimate related to certain other of these significant assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: • The firm did not test or test any controls over the accuracy and completeness of certain data used to determine the estimate. (AS 1105.10) Triennially Inspected 314 Meaden & Moore, Ltd. 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 14 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain of the journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61) Triennially Inspected 400 Hacker, Johnson & Smith PA 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Certain Liabilities 1 AS 2301 8 The firm did not perform procedures to evaluate whether the issuer's accounting for and disclosure of certain liabilities were in conformity with GAAP. (AS 2301.08) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed the Revenue and Related Accounts area and also identified certain of the deficiencies below. The firm did not perform any test of details to address the fraud risk related to the occurrence of certain revenue. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed the Revenue and Related Accounts area and also identified certain of the deficiencies below. The firm did not perform any test of details to address the fraud risk related to the occurrence of certain revenue. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed the Revenue and Related Accounts area and also identified certain of the deficiencies below. The firm did not perform procedures to test or test controls over the accuracy and completeness of certain system-generated reports that it used to test certain other revenue. (AS 1105.10) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed the Revenue and Related Accounts area and also identified certain of the deficiencies below. The firm did not perform any substantive procedures to test deferred revenue. (AS 2301.08) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 4 AS 2501 21 The firm's approach for substantively testing the issuer's impairment analysis for certain investments was to develop an independent expectation. The following deficiency was identified. • The firm did not perform procedures to demonstrate that it had a reasonable basis for the method and assumptions it used including taking into account (1) the requirements of certain elements of the applicable financial reporting framework and (2) its understanding of the issuer's process including the issuer's use of a flat rate for impairment so that its independent expectation considered the factors relevant to the estimate. (AS 2501.21 and .22) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 4 AS 2501 22 The firm's approach for substantively testing the issuer's impairment analysis for certain investments was to develop an independent expectation. The following deficiency was identified. • The firm did not perform procedures to demonstrate that it had a reasonable basis for the method and assumptions it used including taking into account (1) the requirements of certain elements of the applicable financial reporting framework and (2) its understanding of the issuer's process including the issuer's use of a flat rate for impairment so that its independent expectation considered the factors relevant to the estimate. (AS 2501.21 and .22) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 5 AS 2501 26 The firm's approach for substantively testing the issuer's impairment analysis for certain investments was to develop an independent expectation. The following deficiency was identified. • The firm did not evaluate the significant difference between its independent expectation and the issuer's recorded impairment beyond concluding that the issuer's recorded impairment was more conservative. (AS 2501.26; AS 2810.13) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 5 AS 2810 13 The firm's approach for substantively testing the issuer's impairment analysis for certain investments was to develop an independent expectation. The following deficiency was identified. • The firm did not evaluate the significant difference between its independent expectation and the issuer's recorded impairment beyond concluding that the issuer's recorded impairment was more conservative. (AS 2501.26; AS 2810.13) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 6 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 235 Notes to Financial Statements. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its disclosures for investments and determined that a disclosure was omitted. The issuer subsequently corrected this omission in a restatement of its financial statements and the firm issued an audit report on the issuer's restated financial statements. Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 6 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 235 Notes to Financial Statements. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its disclosures for investments and determined that a disclosure was omitted. The issuer subsequently corrected this omission in a restatement of its financial statements and the firm issued an audit report on the issuer's restated financial statements. Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 16 The firm's substantive procedures to test revenue included selecting a sample of revenue transactions for testing. The firm's sample was not representative of the population because the firm did not select any transactions for one type of revenue without performing procedures to determine whether all revenue transactions were homogeneous based on their characteristics. (AS 2315.16) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not evaluate whether the issuer's disclosures were in compliance with the requirements of FASB Topic ASC 606 Revenue from Contracts with Customers to disaggregate revenue into categories that depict how the nature amount timing and uncertainty of revenue and cash flows are affected by economic factors. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not evaluate whether the issuer's disclosures were in compliance with the requirements of FASB Topic ASC 606 Revenue from Contracts with Customers to disaggregate revenue into categories that depict how the nature amount timing and uncertainty of revenue and cash flows are affected by economic factors. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 3 AS 1105 A8b The issuer engaged a specialist to determine the fair value of an equity investment. The firm's approach for substantively testing the fair value of the investment was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialist used. The following deficiency was identified. • The firm did not evaluate the reasonableness of a certain significant assumption developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 4 AS 2301 8 The issuer engaged a specialist to determine the fair value of an equity investment. The firm's approach for substantively testing the fair value of the investment was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialist used. The following deficiency was identified. • The firm did not evaluate whether this was an investment in a variable interest entity that should have been consolidated by the issuer in accordance with FASB ASC Topic 810 Consolidation. (AS 2301.08 and .11) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 4 AS 2301 11 The issuer engaged a specialist to determine the fair value of an equity investment. The firm's approach for substantively testing the fair value of the investment was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialist used. The following deficiency was identified. • The firm did not evaluate whether this was an investment in a variable interest entity that should have been consolidated by the issuer in accordance with FASB ASC Topic 810 Consolidation. (AS 2301.08 and .11) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 5 AS 2301 8 The issuer engaged a specialist to determine the fair value of an equity investment. The firm's approach for substantively testing the fair value of the investment was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialist used. The following deficiency was identified. • The firm did not evaluate whether a certain related asset was properly classified as a current asset in accordance with FASB ASC Topic 210 Balance Sheet. (AS 2301.08 and .11) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 5 AS 2301 11 The issuer engaged a specialist to determine the fair value of an equity investment. The firm's approach for substantively testing the fair value of the investment was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialist used. The following deficiency was identified. • The firm did not evaluate whether a certain related asset was properly classified as a current asset in accordance with FASB ASC Topic 210 Balance Sheet. (AS 2301.08 and .11) Triennially Inspected 457 Haynie & Company 2025 United States 2025-11-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 6 AS 2501 7 The issuer engaged a specialist to determine the fair value of an equity investment. The firm's approach for substantively testing the fair value of the investment was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialist used. The following deficiency was identified. • The firm did not perform procedures to test the issuer's conclusion that no allowance was necessary for the related asset. (AS 2501.07) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The principal auditor instructed the firm to use and evaluate the quality and effectiveness of the work performed by a third party working under the direction of management as evidence regarding the operating effectiveness of a control related to the review of inventory costing for one of the issuer's components. The firm did not identify that the third party did not evaluate and the firm did not perform procedures to evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.44; AS 2605.24 and .26) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2605 24 The principal auditor instructed the firm to use and evaluate the quality and effectiveness of the work performed by a third party working under the direction of management as evidence regarding the operating effectiveness of a control related to the review of inventory costing for one of the issuer's components. The firm did not identify that the third party did not evaluate and the firm did not perform procedures to evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.44; AS 2605.24 and .26) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2605 26 The principal auditor instructed the firm to use and evaluate the quality and effectiveness of the work performed by a third party working under the direction of management as evidence regarding the operating effectiveness of a control related to the review of inventory costing for one of the issuer's components. The firm did not identify that the third party did not evaluate and the firm did not perform procedures to evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.44; AS 2605.24 and .26) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The principal auditor instructed the firm to test the operating effectiveness of a control related to the review of the reserves for slow-moving and obsolete inventories for three of the issuer's components. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.44) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 The principal auditor instructed the firm to test the costing of inventory at one of the issuer's components by comparing inventory costs to vendor invoices payroll records labor hours and machine hours. The firm did not perform these substantive procedures. (AS 2301.08) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 4 AS 2201 44 The principal auditor instructed the firm to use and evaluate the quality and effectiveness of the work performed by a third party working under the direction of management as evidence regarding the operating effectiveness of a control related to the review of the allowance for doubtful accounts for one of the issuer's components. The firm did not identify that the third party did not test and the firm did not perform procedures to test the aspect of the control that addressed the reasonableness of the allowance for doubtful accounts. (AS 2201.44; AS 2605.24 and .26) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 4 AS 2605 24 The principal auditor instructed the firm to use and evaluate the quality and effectiveness of the work performed by a third party working under the direction of management as evidence regarding the operating effectiveness of a control related to the review of the allowance for doubtful accounts for one of the issuer's components. The firm did not identify that the third party did not test and the firm did not perform procedures to test the aspect of the control that addressed the reasonableness of the allowance for doubtful accounts. (AS 2201.44; AS 2605.24 and .26) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 4 AS 2605 26 The principal auditor instructed the firm to use and evaluate the quality and effectiveness of the work performed by a third party working under the direction of management as evidence regarding the operating effectiveness of a control related to the review of the allowance for doubtful accounts for one of the issuer's components. The firm did not identify that the third party did not test and the firm did not perform procedures to test the aspect of the control that addressed the reasonableness of the allowance for doubtful accounts. (AS 2201.44; AS 2605.24 and .26) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 4 The firm was instructed by the principal auditor to evaluate the reliability of certain external information used by the issuer in its qualitative assessment of impairment of a certain long-lived asset. The firm was unable to evaluate the reliability of this information. Instead the firm compared the information used by the issuer to other information independently obtained by the firm that it believed was comparable to information used by the issuer. The firm however did not perform any procedures to evaluate the reliability of the information it independently obtained. Further the firm did not perform procedures to evaluate the relevance of this information beyond one consideration. (AS 1105.04 and .06) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 6 The firm was instructed by the principal auditor to evaluate the reliability of certain external information used by the issuer in its qualitative assessment of impairment of a certain long-lived asset. The firm was unable to evaluate the reliability of this information. Instead the firm compared the information used by the issuer to other information independently obtained by the firm that it believed was comparable to information used by the issuer. The firm however did not perform any procedures to evaluate the reliability of the information it independently obtained. Further the firm did not perform procedures to evaluate the relevance of this information beyond one consideration. (AS 1105.04 and .06) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Cash and Cash Equivalents 2 AS 2301 8 The firm received a positive confirmation response from a financial institution indicating that one of the cash amounts confirmed was a term deposit with an original maturity greater than three months. The firm did not perform any procedures to evaluate whether the issuer properly presented this amount as cash and cash equivalents in conformity with GAAP. (AS 2301.08) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2310 33 To test accounts receivable and certain other revenue the firm sent positive confirmation requests to the issuer's customers. The firm did not perform procedures beyond inquiry to evaluate the nature of exceptions in one returned confirmation. (AS 2310.33) Triennially Inspected 3305 Forvis Mazars Certified Public Accountants 2025 China 2025-11-20T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Cash and Cash Equivalents 3 AS 2301 8 The firm received positive confirmation responses from financial institutions indicating that certain of the cash amounts confirmed were term deposits with original maturities greater than three months. The firm did not perform any procedures to evaluate whether the issuer properly presented these amounts as cash and cash equivalents in conformity with GAAP. (AS 2301.08) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 1 AS 2201 39 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing a control that consisted of management's review and approval of certain models used by the issuer to estimate the valuation for the collective components. The firm did not (1) identify and test any controls over the accuracy and completeness of certain information used in the performance of the control (AS 2201.39) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 2 AS 2201 42 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing a control that consisted of management's review and approval of certain models used by the issuer to estimate the valuation for the collective components. The firm did not (2) evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the models (AS 2201.42 and .44) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 2 AS 2201 44 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing a control that consisted of management's review and approval of certain models used by the issuer to estimate the valuation for the collective components. The firm did not (2) evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the models (AS 2201.42 and .44) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 3 AS 1105 10 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing a control that consisted of management's review and approval of certain models used by the issuer to estimate the valuation for the collective components. The firm did not (3) perform any procedures to test or test any controls over the completeness of the population of models from which it made its selections to test this control. (AS 1105.10) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 4 AS 2201 39 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm did not identify and test any controls over certain other models used by the issuer to estimate the valuation for the collective components. (AS 2201.39) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 5 AS 2201 42 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing other controls that consisted of the issuer's (1) review and validation of the methodologies used to develop certain assumptions used by the issuer to estimate the valuation for the collective components and (2) review and approval of the resulting assumptions. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 5 AS 2201 44 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing other controls that consisted of the issuer's (1) review and validation of the methodologies used to develop certain assumptions used by the issuer to estimate the valuation for the collective components and (2) review and approval of the resulting assumptions. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 6 AS 2201 39 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm did not identify and test any controls over the determination of certain assumptions used by the issuer to estimate the valuations for certain components. (AS 2201.39) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 7 AS 2201 42 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing another control that consisted of the issuer's review of certain other assumptions used by the issuer to estimate the valuations for the components. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions. (AS 2201.42 and .44) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 7 AS 2201 44 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing another control that consisted of the issuer's review of certain other assumptions used by the issuer to estimate the valuations for the components. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions. (AS 2201.42 and .44) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 8 AS 2201 39 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm did not identify and test any control over the determination of an input used by the issuer to estimate the valuation for another component. (AS 2201.39) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 9 AS 2201 39 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing another control that consisted of the issuer's review of another input used by the issuer to estimate the valuation for the component. The firm did not (1) identify and test any controls over the accuracy and completeness of certain data used in the operation of the control (AS 2201.39) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 10 AS 2201 42 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing another control that consisted of the issuer's review of another input used by the issuer to estimate the valuation for the component. The firm did not (2) evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the input. (AS 2201.42 and .44) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 10 AS 2201 44 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing another control that consisted of the issuer's review of another input used by the issuer to estimate the valuation for the component. The firm did not (2) evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the input. (AS 2201.42 and .44) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 11 AS 2201 42 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing another control that consisted of the issuer's review of an element of the component including the reasonableness of the assumptions and methodology used to estimate the valuation for the element. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the assumptions and methodology used to estimate the valuation for the element. (AS 2201.42 and .44) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 11 AS 2201 44 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm selected for testing another control that consisted of the issuer's review of an element of the component including the reasonableness of the assumptions and methodology used to estimate the valuation for the element. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the assumptions and methodology used to estimate the valuation for the element. (AS 2201.42 and .44) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 12 AS 2301 16 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The sample sizes the firm used in its substantive procedures to test the reasonableness of certain assumptions used by the issuer to estimate the valuation for a component were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 12 AS 2301 18 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The sample sizes the firm used in its substantive procedures to test the reasonableness of certain assumptions used by the issuer to estimate the valuation for a component were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 12 AS 2301 37 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The sample sizes the firm used in its substantive procedures to test the reasonableness of certain assumptions used by the issuer to estimate the valuation for a component were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 12 AS 2315 19 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The sample sizes the firm used in its substantive procedures to test the reasonableness of certain assumptions used by the issuer to estimate the valuation for a component were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 12 AS 2315 23 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The sample sizes the firm used in its substantive procedures to test the reasonableness of certain assumptions used by the issuer to estimate the valuation for a component were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 12 AS 2315 23A The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The sample sizes the firm used in its substantive procedures to test the reasonableness of certain assumptions used by the issuer to estimate the valuation for a component were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 13 AS 2315 24 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm's approach for testing the valuation for the component was to limit its substantive testing to certain balances over a specified threshold. The firm did not perform any procedures to substantively test the balances below the threshold. (AS 2315.24) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 14 AS 2301 8 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the reasonableness of certain assumptions used by the issuer to estimate the valuation for the component because it did not evaluate certain exceptions identified while testing the assumptions. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 14 AS 2301 11 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the reasonableness of certain assumptions used by the issuer to estimate the valuation for the component because it did not evaluate certain exceptions identified while testing the assumptions. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 14 AS 2810 3 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the reasonableness of certain assumptions used by the issuer to estimate the valuation for the component because it did not evaluate certain exceptions identified while testing the assumptions. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 15 AS 2301 8 The significant estimate consisted of multiple components that were valued by the issuer using various inputs assumptions models and methodologies. With respect to the components of the significant estimate the following deficiency was identified: • The firm did not perform procedures to evaluate whether the issuer's presentation and disclosure and valuation for a component was in conformity with the relevant financial reporting framework. (AS 2301.08) Triennially Inspected 6466 PwC Contadores y Auditores SAS 2024 Colombia PricewaterhouseCoopers International Limited 2025-11-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Instruments 16 AS 2301 8 The firm did not perform any substantive procedures to test the completeness of certain financial instruments. (AS 2301.08) Triennially Inspected 1350 PricewaterhouseCoopers Reviseurs d'Entreprises 2024 Belgium PricewaterhouseCoopers International Limited 2025-11-10T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Journal Entries Fraud Risk 1 AS 2201 42 The firm was instructed by the principal auditor to test two controls over manual journal entries that consisted of the issuer's review and approval of the journal entries. The firm did not sufficiently test the design and operating effectiveness of these controls because it did not test certain attributes of the controls related to (1) an additional review of journal entries created or posted by the controller and (2) the attachment of supporting documentation to all journal entry vouchers to facilitate the control owner's review of the journal entries. (AS 2201.42 and .44) Triennially Inspected 1350 PricewaterhouseCoopers Reviseurs d'Entreprises 2024 Belgium PricewaterhouseCoopers International Limited 2025-11-10T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Journal Entries Fraud Risk 1 AS 2201 44 The firm was instructed by the principal auditor to test two controls over manual journal entries that consisted of the issuer's review and approval of the journal entries. The firm did not sufficiently test the design and operating effectiveness of these controls because it did not test certain attributes of the controls related to (1) an additional review of journal entries created or posted by the controller and (2) the attachment of supporting documentation to all journal entry vouchers to facilitate the control owner's review of the journal entries. (AS 2201.42 and .44) Triennially Inspected 1368 BDO South Africa Inc. 2024 South Africa BDO International Limited 2025-11-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed Long-Lived Assets but did not identify the deficiency below. The issuer engaged external specialists to review and compile technical reports on its mineral reserves and resources (“reserve estimates”) and develop a life-of-mine (LOM) plan for each mining site which were then used in the (1) calculation of depreciation and (2) impairment analysis of long-lived assets. The company's specialists used financial and non-financial data and assumptions prepared by the issuer and/or obtained from external sources to develop the reserve estimates and LOM plans. The firm selected for testing certain controls over long-lived assets that consisted of the issuer's reviews of (1) fixed asset register reconciliations (2) asset status reports and (3) the LOM plans and technical reports developed/compiled by the company's specialists. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.44) Triennially Inspected 1368 BDO South Africa Inc. 2024 South Africa BDO International Limited 2025-11-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed Long-Lived Assets but did not identify the deficiency below. The issuer engaged external specialists to review and compile technical reports on its mineral reserves and resources (“reserve estimates”) and develop a life-of-mine (LOM) plan for each mining site which were then used in the (1) calculation of depreciation and (2) impairment analysis of long-lived assets. The company's specialists used financial and non-financial data and assumptions prepared by the issuer and/or obtained from external sources to develop the reserve estimates and LOM plans. The firm's approach for substantively testing long-lived assets associated with the issuer's reserve estimates and LOM plans as developed by the company's specialists was to test the issuer's process. The following deficiency was identified: • The firm did not (1) test the accuracy and completeness of non-financial data prepared by the issuer and (2) evaluate the relevance and reliability of external non-financial data all of which were used by the company's specialist to develop the LOM plan assumptions which were used to compute depreciation expense. (AS 1105.A8a) Triennially Inspected 1368 BDO South Africa Inc. 2024 South Africa BDO International Limited 2025-11-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 1105 A8b The firm's internal inspection program had inspected this audit and reviewed Long-Lived Assets but did not identify the deficiency below. The issuer engaged external specialists to review and compile technical reports on its mineral reserves and resources (“reserve estimates”) and develop a life-of-mine (LOM) plan for each mining site which were then used in the (1) calculation of depreciation and (2) impairment analysis of long-lived assets. The company's specialists used financial and non-financial data and assumptions prepared by the issuer and/or obtained from external sources to develop the reserve estimates and LOM plans. The firm's approach for substantively testing long-lived assets associated with the issuer's reserve estimates and LOM plans as developed by the company's specialists was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of the LOM plans which were considered significant assumptions by the firm developed by the company's specialists and used to compute depreciation expense. (AS 1105.A8b) Triennially Inspected 1368 BDO South Africa Inc. 2024 South Africa BDO International Limited 2025-11-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed Long-Lived Assets but did not identify the deficiency below. The issuer engaged external specialists to review and compile technical reports on its mineral reserves and resources (“reserve estimates”) and develop a life-of-mine (LOM) plan for each mining site which were then used in the (1) calculation of depreciation and (2) impairment analysis of long-lived assets. The company's specialists used financial and non-financial data and assumptions prepared by the issuer and/or obtained from external sources to develop the reserve estimates and LOM plans. The firm's approach for substantively testing long-lived assets associated with the issuer's reserve estimates and LOM plans as developed by the company's specialists was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of another significant non-financial assumption developed by the issuer and used by the company's specialists to develop the reserve estimates beyond evaluating its consistency with the issuer's budget. (AS 2501.16) Triennially Inspected 1368 BDO South Africa Inc. 2024 South Africa BDO International Limited 2025-11-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 1105 A8c The firm's internal inspection program had inspected this audit and reviewed Long-Lived Assets but did not identify the deficiency below. The issuer engaged external specialists to review and compile technical reports on its mineral reserves and resources (“reserve estimates”) and develop a life-of-mine (LOM) plan for each mining site which were then used in the (1) calculation of depreciation and (2) impairment analysis of long-lived assets. The company's specialists used financial and non-financial data and assumptions prepared by the issuer and/or obtained from external sources to develop the reserve estimates and LOM plans. The firm's approach for substantively testing long-lived assets associated with the issuer's reserve estimates and LOM plans as developed by the company's specialists was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate whether the methods used by the company's specialists to develop the reserve estimates and LOM plans were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework. (AS 1105.A8c) Triennially Inspected 1368 BDO South Africa Inc. 2024 South Africa BDO International Limited 2025-11-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed Long-Lived Assets but did not identify the deficiency below. The issuer engaged external specialists to review and compile technical reports on its mineral reserves and resources (“reserve estimates”) and develop a life-of-mine (LOM) plan for each mining site which were then used in the (1) calculation of depreciation and (2) impairment analysis of long-lived assets. The company's specialists used financial and non-financial data and assumptions prepared by the issuer and/or obtained from external sources to develop the reserve estimates and LOM plans. The firm's approach for substantively testing long-lived assets associated with the issuer's reserve estimates and LOM plans as developed by the company's specialists was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to test the accuracy of the dates in which long-lived assets were placed in service and the locations of those assets which were inputs used to compute depreciation expense. (AS 2301.08) Triennially Inspected 1368 BDO South Africa Inc. 2024 South Africa BDO International Limited 2025-11-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash and Cash Equivalents 7 AS 2310 26 The firm sent confirmation requests via email to contacts at financial institutions for certain of the issuer's bank accounts as part of its substantive testing of cash and cash equivalents and the email address for each contact was provided by the issuer. The firm received the responses for all confirmation requests sent via email. The following deficiency was identified: • The firm did not perform procedures to determine whether the confirmation requests were directed to third parties who were knowledgeable about the information to be confirmed. (AS 2310.26) Triennially Inspected 1368 BDO South Africa Inc. 2024 South Africa BDO International Limited 2025-11-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash and Cash Equivalents 8 AS 2310 29 The firm sent confirmation requests via email to contacts at financial institutions for certain of the issuer's bank accounts as part of its substantive testing of cash and cash equivalents and the email address for each contact was provided by the issuer. The firm received the responses for all confirmation requests sent via email. The following deficiency was identified: • The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 1105 A1 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 1105 A10 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 1105 A2 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 1105 A3 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 1105 A4 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 1105 A5 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 1105 A6 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 1105 A7 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 1105 A8 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 1105 A9 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 2501 16 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain of these significant assumptions developed by one of the company's specialists beyond reading the company's specialist's valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform any procedures beyond inquiring of management with respect to its use of this company's specialist's work as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 2 AS 1105 A10 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain other significant assumptions developed by two of the company's specialists beyond reading and comparing the two company's specialists' valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform procedures to evaluate the work of the company's specialists beyond inquiries of the company's specialists and certain comparisons to issuer documentation. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 2 AS 1105 A6 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain other significant assumptions developed by two of the company's specialists beyond reading and comparing the two company's specialists' valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform procedures to evaluate the work of the company's specialists beyond inquiries of the company's specialists and certain comparisons to issuer documentation. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 2 AS 1105 A7 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain other significant assumptions developed by two of the company's specialists beyond reading and comparing the two company's specialists' valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform procedures to evaluate the work of the company's specialists beyond inquiries of the company's specialists and certain comparisons to issuer documentation. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 2 AS 1105 A8 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain other significant assumptions developed by two of the company's specialists beyond reading and comparing the two company's specialists' valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform procedures to evaluate the work of the company's specialists beyond inquiries of the company's specialists and certain comparisons to issuer documentation. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 2 AS 1105 A9 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain other significant assumptions developed by two of the company's specialists beyond reading and comparing the two company's specialists' valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform procedures to evaluate the work of the company's specialists beyond inquiries of the company's specialists and certain comparisons to issuer documentation. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 2 AS 2501 16 The issuer recorded an investment at fair value that was determined in part based on assumptions that were developed by the company's specialists. The firm's approach for testing the fair value of the investment was to develop an independent expectation of the estimate using certain significant assumptions that were developed by the company's specialists. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain other significant assumptions developed by two of the company's specialists beyond reading and comparing the two company's specialists' valuation reports inspecting certain contracts and inquiring of management. Further the firm did not perform procedures to evaluate the work of the company's specialists beyond inquiries of the company's specialists and certain comparisons to issuer documentation. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 3 AS 2301 8 The firm did not sufficiently evaluate whether the issuer's accounting for this investment was appropriate because the firm did not determine how the issuer evaluated all relevant factors including certain contrary evidence related to one of the factors. (AS 2301.08; AS 2810.03) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 3 AS 2810 3 The firm did not sufficiently evaluate whether the issuer's accounting for this investment was appropriate because the firm did not determine how the issuer evaluated all relevant factors including certain contrary evidence related to one of the factors. (AS 2301.08; AS 2810.03) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Fraud Risk 1 AS 1105 4 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using forecasted revenue which the firm identified as a significant assumption. The firm did not evaluate the reliability of certain historical revenue data from the acquiree that was used to develop these revenue forecasts. (AS 1105.04 and .06) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Fraud Risk 1 AS 1105 6 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using forecasted revenue which the firm identified as a significant assumption. The firm did not evaluate the reliability of certain historical revenue data from the acquiree that was used to develop these revenue forecasts. (AS 1105.04 and .06) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Fraud Risk 2 AS 2301 8 The firm did not perform procedures beyond inquiry to evaluate the issuer's conclusions that quantitative impairment assessments for certain goodwill and intangible assets were not necessary including how the issuer evaluated certain relevant events or changes in circumstances of which the firm was aware that indicated that these assets may not be recoverable. (AS 2301.08; AS 2810.03) Triennially Inspected 6413 ZH CPA, LLC 2025 United States 2025-11-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Fraud Risk 2 AS 2810 3 The firm did not perform procedures beyond inquiry to evaluate the issuer's conclusions that quantitative impairment assessments for certain goodwill and intangible assets were not necessary including how the issuer evaluated certain relevant events or changes in circumstances of which the firm was aware that indicated that these assets may not be recoverable. (AS 2301.08; AS 2810.03) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 46 The issuer used an information-technology (IT) system to calculate the ACL. The firm selected for testing an IT-dependent management review control over the valuation of the ACL that was dependent upon (1) the effectiveness of IT general controls (ITGCs) over this system and (2) the accuracy and completeness of reports generated from this system used in the operation of the control. As a result of the deficiencies the firm's testing of this IT-dependent manual control was not sufficient. (AS 2201.46) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 42 The issuer used an information-technology (IT) system to calculate the ACL. The firm selected for testing an IT-dependent management review control over the valuation of the ACL that was dependent upon (1) the effectiveness of IT general controls (ITGCs) over this system and (2) the accuracy and completeness of reports generated from this system used in the operation of the control. · The firm selected for testing a review control over user access. The firm did not evaluate the specific procedures that the control owners performed to determine whether the granted access continued to be appropriate. (AS 2201.42 and .44) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 44 The issuer used an information-technology (IT) system to calculate the ACL. The firm selected for testing an IT-dependent management review control over the valuation of the ACL that was dependent upon (1) the effectiveness of IT general controls (ITGCs) over this system and (2) the accuracy and completeness of reports generated from this system used in the operation of the control. · The firm selected for testing a review control over user access. The firm did not evaluate the specific procedures that the control owners performed to determine whether the granted access continued to be appropriate. (AS 2201.42 and .44) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 1105 10 The issuer used an information-technology (IT) system to calculate the ACL. The firm selected for testing an IT-dependent management review control over the valuation of the ACL that was dependent upon (1) the effectiveness of IT general controls (ITGCs) over this system and (2) the accuracy and completeness of reports generated from this system used in the operation of the control. · The firm selected for testing a change management control. The firm did not test or test any controls over the completeness of the change management population used by the firm to select items for testing the change management control. (AS 1105.10) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 39 The issuer used an information-technology (IT) system to calculate the ACL. The firm selected for testing an IT-dependent management review control over the valuation of the ACL that was dependent upon (1) the effectiveness of IT general controls (ITGCs) over this system and (2) the accuracy and completeness of reports generated from this system used in the operation of the control. · The firm did not identify and test any controls over the accuracy and completeness of the reports generated from this IT system used in the performance of the control. (AS 2201.39) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 1105 A10 The issuer engaged a specialist to appraise the value of land that collateralized certain of the issuer's loans. The issuer applied adjustments for project percentage of completion and selling cost estimates to the appraised land value to determine the specific reserve to apply to these loans. The firm did not perform substantive procedures to test the aggregate appraisal value of the land securing the loans beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 1105 A6 The issuer engaged a specialist to appraise the value of land that collateralized certain of the issuer's loans. The issuer applied adjustments for project percentage of completion and selling cost estimates to the appraised land value to determine the specific reserve to apply to these loans. The firm did not perform substantive procedures to test the aggregate appraisal value of the land securing the loans beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 1105 A7 The issuer engaged a specialist to appraise the value of land that collateralized certain of the issuer's loans. The issuer applied adjustments for project percentage of completion and selling cost estimates to the appraised land value to determine the specific reserve to apply to these loans. The firm did not perform substantive procedures to test the aggregate appraisal value of the land securing the loans beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 1105 A8 The issuer engaged a specialist to appraise the value of land that collateralized certain of the issuer's loans. The issuer applied adjustments for project percentage of completion and selling cost estimates to the appraised land value to determine the specific reserve to apply to these loans. The firm did not perform substantive procedures to test the aggregate appraisal value of the land securing the loans beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 1105 A9 The issuer engaged a specialist to appraise the value of land that collateralized certain of the issuer's loans. The issuer applied adjustments for project percentage of completion and selling cost estimates to the appraised land value to determine the specific reserve to apply to these loans. The firm did not perform substantive procedures to test the aggregate appraisal value of the land securing the loans beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2501 16 The issuer engaged a specialist to appraise the value of land that collateralized certain of the issuer's loans. The issuer applied adjustments for project percentage of completion and selling cost estimates to the appraised land value to determine the specific reserve to apply to these loans. The firm did not perform substantive procedures to test the aggregate appraisal value of the land securing the loans beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 171 Horne LLP 2025 United States 2025-10-23T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2501 16 The issuer engaged a specialist to appraise the value of land that collateralized certain of the issuer's loans. The issuer applied adjustments for project percentage of completion and selling cost estimates to the appraised land value to determine the specific reserve to apply to these loans. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions related to the estimates for percentages of completion for the construction projects and selling cost adjustments. (AS 2501.16) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 1 AS 2301 8 The firm did not perform procedures to test one significant account beyond tracing amounts to the general ledger. (AS 2301.08 and .13) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 1 AS 2301 13 The firm did not perform procedures to test one significant account beyond tracing amounts to the general ledger. (AS 2301.08 and .13) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 2 AS 2301 8 The firm did not evaluate whether the issuer's accounting for a second significant account was in conformity with applicable GAAP. (AS 2301.08 and .13) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 2 AS 2301 13 The firm did not evaluate whether the issuer's accounting for a second significant account was in conformity with applicable GAAP. (AS 2301.08 and .13) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 3 AS 2315 16 The firm selected samples to test certain other significant accounts. The sample sizes the firm used to perform these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 3 AS 2315 19 The firm selected samples to test certain other significant accounts. The sample sizes the firm used to perform these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 3 AS 2315 23 The firm selected samples to test certain other significant accounts. The sample sizes the firm used to perform these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 3 AS 2315 23A The firm selected samples to test certain other significant accounts. The sample sizes the firm used to perform these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account 4 AS 2301 8 The firm did not perform any procedures to test certain changes in a balance sheet account. (AS 2301.08) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account 5 AS 2301 8 The firm did not evaluate whether the issuer appropriately determined the valuation of this account including consideration of contradictory evidence. (AS 2301.08; AS 2810.03) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account 5 AS 2810 3 The firm did not evaluate whether the issuer appropriately determined the valuation of this account including consideration of contradictory evidence. (AS 2301.08; AS 2810.03) Triennially Inspected 217 Berkower LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Financial Reporting 6 AS 2301 8 The firm did not evaluate whether certain adjustments were in conformity with applicable GAAP. (AS 2301.08) Triennially Inspected 263 Rehmann Robson LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 1105 27 The firm selected an investment security for testing the fair value of certain investment securities. The firm did not perform any procedures to test the fair value of the remaining population of these investment securities. (AS 1105.27; AS 2501.07) Triennially Inspected 263 Rehmann Robson LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2501 7 The firm selected an investment security for testing the fair value of certain investment securities. The firm did not perform any procedures to test the fair value of the remaining population of these investment securities. (AS 1105.27; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 1105 10 The firm did not perform procedures to test or in the alternative test any controls over the accuracy and completeness of certain issuer-produced reports that it used to substantively test certain revenue. (AS 1105.10) Triennially Inspected 910 Rodefer Moss & Co, PLLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether the issuer's recognition of certain revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because the firm did not evaluate certain requirements of FASB ASC Topic 606. (AS 2301.08) Triennially Inspected 910 Rodefer Moss & Co, PLLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures related to this revenue as required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 910 Rodefer Moss & Co, PLLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures related to this revenue as required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 910 Rodefer Moss & Co, PLLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 3 AS 2501 7 The firm did not perform procedures to test a significant estimate beyond inquiry including consideration of certain contrary evidence. (AS 2501.07; AS 2810.03) Triennially Inspected 910 Rodefer Moss & Co, PLLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 3 AS 2810 3 The firm did not perform procedures to test a significant estimate beyond inquiry including consideration of certain contrary evidence. (AS 2501.07; AS 2810.03) Triennially Inspected 2416 Grant Thornton Bharat LLP 2025 India Grant Thornton International Limited 2025-10-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 68 The firm selected for testing a control that consisted of the issuer's review of customer contracts for proper revenue recognition and identified a significant deficiency related to this control. The firm identified and tested a compensating control that it believed would mitigate the deficiency which consisted of another review control over customer contracts. The firm did not evaluate the review procedures that the control owner performed to be able to conclude that the compensating control mitigated the identified significant deficiency. (AS 2201.68) Triennially Inspected 2416 Grant Thornton Bharat LLP 2025 India Grant Thornton International Limited 2025-10-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19. 23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2025 India Grant Thornton International Limited 2025-10-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19. 23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2025 India Grant Thornton International Limited 2025-10-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19. 23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2025 India Grant Thornton International Limited 2025-10-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19. 23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2025 India Grant Thornton International Limited 2025-10-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19. 23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2025 India Grant Thornton International Limited 2025-10-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19. 23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2025 India Grant Thornton International Limited 2025-10-23T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of certain information used in its substantive testing of revenue. (AS 1105.04 and .06) Triennially Inspected 2416 Grant Thornton Bharat LLP 2025 India Grant Thornton International Limited 2025-10-23T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of certain information used in its substantive testing of revenue. (AS 1105.04 and .06) Triennially Inspected 2952 T R CHADHA & CO LLP 2025 India 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 8 The firm selected a sample of transactions to test certain revenue. The firm did not perform procedures to test whether the issuer satisfied its performance obligations prior to the recognition of this revenue for the sample of transactions beyond inspecting certain issuer-prepared reports and customer invoices. (AS 2301.08 and .13) Triennially Inspected 2952 T R CHADHA & CO LLP 2025 India 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 13 The firm selected a sample of transactions to test certain revenue. The firm did not perform procedures to test whether the issuer satisfied its performance obligations prior to the recognition of this revenue for the sample of transactions beyond inspecting certain issuer-prepared reports and customer invoices. (AS 2301.08 and .13) Triennially Inspected 5020 RW Group LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2501 22 The firm's approach for substantively testing the reserve for excess and obsolete inventory was to develop an independent expectation. The firm did not perform any procedures to demonstrate it had a reasonable basis for certain assumptions it developed. (AS 2501.22) Triennially Inspected 5020 RW Group LLC 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm did not select any journal entries and other adjustments for testing. (AS 2401.61) Triennially Inspected 6398 RH CPA 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2501 10 The issuer used various assumptions to estimate the value of a significant account. The firm's approach for substantively testing the value of this account was to test the issuer's process and develop expectations of certain significant assumptions which it compared to the respective assumptions used by the issuer. The following deficiencies were identified: · The firm did not identify and evaluate a departure from GAAP related to the method used by the issuer to estimate the value of the significant account which was not in conformity with the applicable financial reporting framework. (AS 2501.10; AS 2810.30 and .31) Triennially Inspected 6398 RH CPA 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2810 30 The issuer used various assumptions to estimate the value of a significant account. The firm's approach for substantively testing the value of this account was to test the issuer's process and develop expectations of certain significant assumptions which it compared to the respective assumptions used by the issuer. The following deficiencies were identified: · The firm did not identify and evaluate a departure from GAAP related to the method used by the issuer to estimate the value of the significant account which was not in conformity with the applicable financial reporting framework. (AS 2501.10; AS 2810.30 and .31) Triennially Inspected 6398 RH CPA 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2810 31 The issuer used various assumptions to estimate the value of a significant account. The firm's approach for substantively testing the value of this account was to test the issuer's process and develop expectations of certain significant assumptions which it compared to the respective assumptions used by the issuer. The following deficiencies were identified: · The firm did not identify and evaluate a departure from GAAP related to the method used by the issuer to estimate the value of the significant account which was not in conformity with the applicable financial reporting framework. (AS 2501.10; AS 2810.30 and .31) Triennially Inspected 6398 RH CPA 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 2501 16 The issuer used various assumptions to estimate the value of a significant account. The firm's approach for substantively testing the value of this account was to test the issuer's process and develop expectations of certain significant assumptions which it compared to the respective assumptions used by the issuer. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions. (AS 2501.16) Triennially Inspected 6398 RH CPA 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 2501 16 The issuer used various assumptions to estimate the value of a significant account. The firm's approach for substantively testing the value of this account was to test the issuer's process and develop expectations of certain significant assumptions which it compared to the respective assumptions used by the issuer. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions because it did not evaluate significant differences between its expectations and the assumptions. Further for one significant assumption the firm did not demonstrate it had a reasonable basis for its expectation of the assumption. (AS 2501.16) Triennially Inspected 6398 RH CPA 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 4 AS 2501 16 The issuer used various assumptions to estimate the value of a significant account. The firm's approach for substantively testing the value of this account was to test the issuer's process and develop expectations of certain significant assumptions which it compared to the respective assumptions used by the issuer. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of another significant assumption including taking into account the issuer's intent and ability to carry out the assumption. (AS 2501.16 and .17) Triennially Inspected 6398 RH CPA 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 4 AS 2501 17 The issuer used various assumptions to estimate the value of a significant account. The firm's approach for substantively testing the value of this account was to test the issuer's process and develop expectations of certain significant assumptions which it compared to the respective assumptions used by the issuer. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of another significant assumption including taking into account the issuer's intent and ability to carry out the assumption. (AS 2501.16 and .17) Triennially Inspected 6398 RH CPA 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 5 AS 1105 4 The issuer used various assumptions to estimate the value of a significant account. The firm's approach for substantively testing the value of this account was to test the issuer's process and develop expectations of certain significant assumptions which it compared to the respective assumptions used by the issuer. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and/or reliability of certain external data and information used in its substantive testing of the significant assumptions. (AS 1105.04 and .06) Triennially Inspected 6398 RH CPA 2025 United States 2025-10-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 5 AS 1105 6 The issuer used various assumptions to estimate the value of a significant account. The firm's approach for substantively testing the value of this account was to test the issuer's process and develop expectations of certain significant assumptions which it compared to the respective assumptions used by the issuer. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and/or reliability of certain external data and information used in its substantive testing of the significant assumptions. (AS 1105.04 and .06) Triennially Inspected 6398 RH CPA 2025 United States 2025-10-23T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Related Party transactions 1 AS 2310 28 The firm used a positive confirmation request to test a related party transaction. The firm did not maintain control over the confirmation request and response through direct communication with the intended recipient of the confirmation request because the issuer sent and received the request. (AS 2310.28) [This citation refers to AS 2310 The Confirmation Process which was in effect for this audit. This standard was replaced by AS 2310 The Auditor's Use of Confirmation which became effective for audits of financial statements for fiscal years ending on or after June 15 2025.] Triennially Inspected 200 Haskell & White LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and related accounts. In its testing of controls over revenue and related accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the audit deficiencies related to the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46). Triennially Inspected 200 Haskell & White LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 62 The firm identified control deficiencies related to change management for one of the issuer's IT systems. The firm did not evaluate the severity of these control deficiencies individually or in combination to determine whether they represented a material weakness beyond identifying a mitigating factor that did not address the risk that changes could be migrated into production without appropriate approval and testing. (AS 2201.62) Triennially Inspected 200 Haskell & White LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 1105 10 The firm used certain system change reports to select its samples for testing certain ITGCs for these systems but did not test or test any controls over the completeness of these reports. (AS 1105.10) Triennially Inspected 200 Haskell & White LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2315 44 The firm designed certain of its substantive procedures to test certain revenue as dual-purpose tests. The firm performed its substantive procedures using the sample size it determined for its control testing. This sample size was too small to provide sufficient appropriate audit evidence for the substantive procedure because the firm did not use the larger of the sample sizes that would otherwise have been designed for the two separate purposes. (AS 2315.44) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 39 During the year the issuer completed a business combination and used various significant assumptions including reserves and resources estimates from a report (“technical report”) prepared by external specialists engaged by the acquired company to estimate and record the fair value of an acquired asset and assumed liability. The issuer utilized internal specialists (the “company's employed specialists”) to assess the reasonableness of the reserves and resources estimates reflected in the technical report by remodeling the estimates and comparing the results to the estimates reflected in the technical report. The firm selected for testing a control that consisted of the issuer's review of the financial and non-financial assumptions including the reserves and resources estimates reflected in the technical report that were used by the issuer to estimate the fair value of the acquired asset and assumed liability. This control used the remodeled reserves and resources estimates developed by the company's employed specialists. The following deficiency was identified: • The firm did not identify and test any controls over the accuracy and completeness of the reserves and resources estimates remodeled by the company's employed specialists that were used in the operation of this control including the (1) accuracy and completeness of issuer-produced non-financial data and (2) relevance and reliability of external data all of which were utilized by the company's employed specialists to remodel the reserves and resources estimates. (AS 2201.39) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2201 42 During the year the issuer completed a business combination and used various significant assumptions including reserves and resources estimates from a report (“technical report”) prepared by external specialists engaged by the acquired company to estimate and record the fair value of an acquired asset and assumed liability. The issuer utilized internal specialists (the “company's employed specialists”) to assess the reasonableness of the reserves and resources estimates reflected in the technical report by remodeling the estimates and comparing the results to the estimates reflected in the technical report. The firm selected for testing a control that consisted of the issuer's review of the financial and non-financial assumptions including the reserves and resources estimates reflected in the technical report that were used by the issuer to estimate the fair value of the acquired asset and assumed liability. This control used the remodeled reserves and resources estimates developed by the company's employed specialists. The following deficiency was identified: • The firm did not identify that the control owners did not (1) evaluate the reasonableness of the financial and non-financial assumptions developed by the issuer and/or the company's employed specialists and used by the company's employed specialists to remodel the reserves and resources estimates and (2) evaluate the appropriateness of the methods used by company's employed specialists to remodel the reserves and resources estimates. (AS 2201.42 and .44) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2201 44 During the year the issuer completed a business combination and used various significant assumptions including reserves and resources estimates from a report (“technical report”) prepared by external specialists engaged by the acquired company to estimate and record the fair value of an acquired asset and assumed liability. The issuer utilized internal specialists (the “company's employed specialists”) to assess the reasonableness of the reserves and resources estimates reflected in the technical report by remodeling the estimates and comparing the results to the estimates reflected in the technical report. The firm selected for testing a control that consisted of the issuer's review of the financial and non-financial assumptions including the reserves and resources estimates reflected in the technical report that were used by the issuer to estimate the fair value of the acquired asset and assumed liability. This control used the remodeled reserves and resources estimates developed by the company's employed specialists. The following deficiency was identified: • The firm did not identify that the control owners did not (1) evaluate the reasonableness of the financial and non-financial assumptions developed by the issuer and/or the company's employed specialists and used by the company's employed specialists to remodel the reserves and resources estimates and (2) evaluate the appropriateness of the methods used by company's employed specialists to remodel the reserves and resources estimates. (AS 2201.42 and .44) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 1105 A10 During the year the issuer completed a business combination and used various significant assumptions including reserves and resources estimates from a report (“technical report”) prepared by external specialists engaged by the acquired company to estimate and record the fair value of an acquired asset and assumed liability. The issuer utilized internal specialists (the “company's employed specialists”) to assess the reasonableness of the reserves and resources estimates reflected in the technical report by remodeling the estimates and comparing the results to the estimates reflected in the technical report. The firm's approach for substantively testing the fair value of the acquired asset and assumed liability from the business combination was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of the reserves and resources estimates as reflected in the technical report which were considered by the firm to be significant assumptions used by the issuer to estimate the fair value of the acquired asset and assumed liability beyond obtaining and reading the technical report prepared by the acquired company's external specialists. Further the firm did not perform procedures to evaluate the work of the company's employed specialists. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 1105 A6 During the year the issuer completed a business combination and used various significant assumptions including reserves and resources estimates from a report (“technical report”) prepared by external specialists engaged by the acquired company to estimate and record the fair value of an acquired asset and assumed liability. The issuer utilized internal specialists (the “company's employed specialists”) to assess the reasonableness of the reserves and resources estimates reflected in the technical report by remodeling the estimates and comparing the results to the estimates reflected in the technical report. The firm's approach for substantively testing the fair value of the acquired asset and assumed liability from the business combination was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of the reserves and resources estimates as reflected in the technical report which were considered by the firm to be significant assumptions used by the issuer to estimate the fair value of the acquired asset and assumed liability beyond obtaining and reading the technical report prepared by the acquired company's external specialists. Further the firm did not perform procedures to evaluate the work of the company's employed specialists. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 1105 A7 During the year the issuer completed a business combination and used various significant assumptions including reserves and resources estimates from a report (“technical report”) prepared by external specialists engaged by the acquired company to estimate and record the fair value of an acquired asset and assumed liability. The issuer utilized internal specialists (the “company's employed specialists”) to assess the reasonableness of the reserves and resources estimates reflected in the technical report by remodeling the estimates and comparing the results to the estimates reflected in the technical report. The firm's approach for substantively testing the fair value of the acquired asset and assumed liability from the business combination was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of the reserves and resources estimates as reflected in the technical report which were considered by the firm to be significant assumptions used by the issuer to estimate the fair value of the acquired asset and assumed liability beyond obtaining and reading the technical report prepared by the acquired company's external specialists. Further the firm did not perform procedures to evaluate the work of the company's employed specialists. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 1105 A8 During the year the issuer completed a business combination and used various significant assumptions including reserves and resources estimates from a report (“technical report”) prepared by external specialists engaged by the acquired company to estimate and record the fair value of an acquired asset and assumed liability. The issuer utilized internal specialists (the “company's employed specialists”) to assess the reasonableness of the reserves and resources estimates reflected in the technical report by remodeling the estimates and comparing the results to the estimates reflected in the technical report. The firm's approach for substantively testing the fair value of the acquired asset and assumed liability from the business combination was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of the reserves and resources estimates as reflected in the technical report which were considered by the firm to be significant assumptions used by the issuer to estimate the fair value of the acquired asset and assumed liability beyond obtaining and reading the technical report prepared by the acquired company's external specialists. Further the firm did not perform procedures to evaluate the work of the company's employed specialists. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 1105 A9 During the year the issuer completed a business combination and used various significant assumptions including reserves and resources estimates from a report (“technical report”) prepared by external specialists engaged by the acquired company to estimate and record the fair value of an acquired asset and assumed liability. The issuer utilized internal specialists (the “company's employed specialists”) to assess the reasonableness of the reserves and resources estimates reflected in the technical report by remodeling the estimates and comparing the results to the estimates reflected in the technical report. The firm's approach for substantively testing the fair value of the acquired asset and assumed liability from the business combination was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of the reserves and resources estimates as reflected in the technical report which were considered by the firm to be significant assumptions used by the issuer to estimate the fair value of the acquired asset and assumed liability beyond obtaining and reading the technical report prepared by the acquired company's external specialists. Further the firm did not perform procedures to evaluate the work of the company's employed specialists. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2501 16 During the year the issuer completed a business combination and used various significant assumptions including reserves and resources estimates from a report (“technical report”) prepared by external specialists engaged by the acquired company to estimate and record the fair value of an acquired asset and assumed liability. The issuer utilized internal specialists (the “company's employed specialists”) to assess the reasonableness of the reserves and resources estimates reflected in the technical report by remodeling the estimates and comparing the results to the estimates reflected in the technical report. The firm's approach for substantively testing the fair value of the acquired asset and assumed liability from the business combination was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of the reserves and resources estimates as reflected in the technical report which were considered by the firm to be significant assumptions used by the issuer to estimate the fair value of the acquired asset and assumed liability beyond obtaining and reading the technical report prepared by the acquired company's external specialists. Further the firm did not perform procedures to evaluate the work of the company's employed specialists. (AS 1105.A6 -.A10; AS 2501.16) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2501 16 During the year the issuer completed a business combination and used various significant assumptions including reserves and resources estimates from a report (“technical report”) prepared by external specialists engaged by the acquired company to estimate and record the fair value of an acquired asset and assumed liability. The issuer utilized internal specialists (the “company's employed specialists”) to assess the reasonableness of the reserves and resources estimates reflected in the technical report by remodeling the estimates and comparing the results to the estimates reflected in the technical report. The firm's approach for substantively testing the fair value of the acquired asset and assumed liability from the business combination was to test the issuer's process. The following deficiency was identified: • The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions used by the issuer to estimate the fair value of the acquired asset because it limited its procedures to comparing the assumptions to those of similar companies or external vendor quotes. (AS 2501.16) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 42 The issuer engaged specialists to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The company's specialists used financial and non-financial data and assumptions deemed significant by the firm to develop the reserve estimates in the reserve report. The firm selected for testing a control that consisted of the issuer's review and approval of the final reserve estimates provided by the company's specialists. The firm did not identify when testing the design of this control that the control owners did not (1) evaluate the reasonableness of the non-financial assumptions developed by the issuer and/or the company's specialists and used by the company's specialists to develop the reserve estimates and (2) evaluate the appropriateness of the methods used by company's specialists to develop the reserve estimates. (AS 2201.42) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 1105 A8b The issuer engaged specialists to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The company's specialists used financial and non-financial data and assumptions deemed significant by the firm to develop the reserve estimates in the reserve report. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of the significant non-financial assumptions developed by the issuer and/or the company's specialists and used by the company's specialists to develop the reserve estimates. (AS 1105.A8b; AS 2501.16) • The firm did not evaluate whether the methods used by the company's specialists to develop the reserve estimates were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework beyond inquiry of the methods used with the company's specialists. (AS 1105.A8c) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2501 16 The issuer engaged specialists to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The company's specialists used financial and non-financial data and assumptions deemed significant by the firm to develop the reserve estimates in the reserve report. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of the significant non-financial assumptions developed by the issuer and/or the company's specialists and used by the company's specialists to develop the reserve estimates. (AS 1105.A8b; AS 2501.16) • The firm did not evaluate whether the methods used by the company's specialists to develop the reserve estimates were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework beyond inquiry of the methods used with the company's specialists. (AS 1105.A8c) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 1105 A8c The issuer engaged specialists to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The company's specialists used financial and non-financial data and assumptions deemed significant by the firm to develop the reserve estimates in the reserve report. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate the reasonableness of the significant non-financial assumptions developed by the issuer and/or the company's specialists and used by the company's specialists to develop the reserve estimates. (AS 1105.A8b; AS 2501.16) • The firm did not evaluate whether the methods used by the company's specialists to develop the reserve estimates were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework beyond inquiry of the methods used with the company's specialists. (AS 1105.A8c) Triennially Inspected 271 PricewaterhouseCoopers LLP 2024 Canada PricewaterhouseCoopers International Limited 2025-09-25T00:00:00 Part I.A C Yes Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The firm selected for testing a control over revenue recognition that consisted of the issuer's review of customer contracts. The firm did not perform procedures to test or test any controls over the completeness of an issuer-prepared report of new and modified contracts from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: • The firm selected for testing a control over the disclosure of certain revenue that consisted of the issuer's review and approval of its financial statement disclosures. The firm did not identify and test any controls over the accuracy of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: • The firm used certain issuer-prepared data to substantively test one of the issuer's revenue disclosures but did not perform any procedures to test or test any controls over the accuracy of this data. (AS 1105.10) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 3 AS 2201 42 The issuer engaged an external specialist to assist in performing its annual impairment analysis for certain goodwill and intangible assets with indefinite lives. The issuer with the assistance of the company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the valuation models used in the impairment analysis. Certain of these assumptions were developed using data derived from comparable companies. The company's specialist also prepared a sensitivity analysis using certain assumptions based on the statistical data points of the assumptions. The firm's approach for testing the goodwill and indefinite lived intangible assets for impairment was to test the issuer's process and the firm used an auditor-employed specialist to assist it with testing the valuation models used by the issuer. The following deficiency was identified: • The firm selected for testing a control over the valuation of the goodwill and indefinite lived intangible assets that consisted of the issuer's review of key assumptions used in the valuation models. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain assumptions used in the valuation models including the relevance of the comparable companies used to develop those assumptions. (AS 2201.42 and .44) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 3 AS 2201 44 The issuer engaged an external specialist to assist in performing its annual impairment analysis for certain goodwill and intangible assets with indefinite lives. The issuer with the assistance of the company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the valuation models used in the impairment analysis. Certain of these assumptions were developed using data derived from comparable companies. The company's specialist also prepared a sensitivity analysis using certain assumptions based on the statistical data points of the assumptions. The firm's approach for testing the goodwill and indefinite lived intangible assets for impairment was to test the issuer's process and the firm used an auditor-employed specialist to assist it with testing the valuation models used by the issuer. The following deficiency was identified: • The firm selected for testing a control over the valuation of the goodwill and indefinite lived intangible assets that consisted of the issuer's review of key assumptions used in the valuation models. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain assumptions used in the valuation models including the relevance of the comparable companies used to develop those assumptions. (AS 2201.42 and .44) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 4 AS 1201 C6 The issuer engaged an external specialist to assist in performing its annual impairment analysis for certain goodwill and intangible assets with indefinite lives. The issuer with the assistance of the company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the valuation models used in the impairment analysis. Certain of these assumptions were developed using data derived from comparable companies. The company's specialist also prepared a sensitivity analysis using certain assumptions based on the statistical data points of the assumptions. The firm's approach for testing the goodwill and indefinite lived intangible assets for impairment was to test the issuer's process and the firm used an auditor-employed specialist to assist it with testing the valuation models used by the issuer. The following deficiency was identified: • The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding whether the goodwill and indefinite lived intangible assets were impaired because the auditor-employed specialist did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used in the valuation models including the relevance of the comparable companies used to develop certain of those assumptions. (AS 1201.C6 and .C7) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 4 AS 1201 C7 The issuer engaged an external specialist to assist in performing its annual impairment analysis for certain goodwill and intangible assets with indefinite lives. The issuer with the assistance of the company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the valuation models used in the impairment analysis. Certain of these assumptions were developed using data derived from comparable companies. The company's specialist also prepared a sensitivity analysis using certain assumptions based on the statistical data points of the assumptions. The firm's approach for testing the goodwill and indefinite lived intangible assets for impairment was to test the issuer's process and the firm used an auditor-employed specialist to assist it with testing the valuation models used by the issuer. The following deficiency was identified: • The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding whether the goodwill and indefinite lived intangible assets were impaired because the auditor-employed specialist did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used in the valuation models including the relevance of the comparable companies used to develop certain of those assumptions. (AS 1201.C6 and .C7) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 5 AS 2501 16 The issuer engaged an external specialist to assist in performing its annual impairment analysis for certain goodwill and intangible assets with indefinite lives. The issuer with the assistance of the company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the valuation models used in the impairment analysis. Certain of these assumptions were developed using data derived from comparable companies. The company's specialist also prepared a sensitivity analysis using certain assumptions based on the statistical data points of the assumptions. The firm's approach for testing the goodwill and indefinite lived intangible assets for impairment was to test the issuer's process and the firm used an auditor-employed specialist to assist it with testing the valuation models used by the issuer. The following deficiency was identified: • The auditor-employed specialist did not perform procedures to evaluate the reasonableness of certain significant assumptions used in the valuation models beyond reperforming the sensitivity analysis prepared by the company's specialist. (AS 2501.16) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 6 AS 1105 4 The issuer engaged an external specialist to assist in performing its annual impairment analysis for certain goodwill and intangible assets with indefinite lives. The issuer with the assistance of the company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the valuation models used in the impairment analysis. Certain of these assumptions were developed using data derived from comparable companies. The company's specialist also prepared a sensitivity analysis using certain assumptions based on the statistical data points of the assumptions. The firm's approach for testing the goodwill and indefinite lived intangible assets for impairment was to test the issuer's process and the firm used an auditor-employed specialist to assist it with testing the valuation models used by the issuer. The following deficiency was identified: • The auditor-employed specialist did not perform procedures to evaluate the relevance of the comparable companies used to develop these significant assumptions beyond determining whether those companies operated in the same industry as the issuer. (AS 1105.04 and .06) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 6 AS 1105 6 The issuer engaged an external specialist to assist in performing its annual impairment analysis for certain goodwill and intangible assets with indefinite lives. The issuer with the assistance of the company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the valuation models used in the impairment analysis. Certain of these assumptions were developed using data derived from comparable companies. The company's specialist also prepared a sensitivity analysis using certain assumptions based on the statistical data points of the assumptions. The firm's approach for testing the goodwill and indefinite lived intangible assets for impairment was to test the issuer's process and the firm used an auditor-employed specialist to assist it with testing the valuation models used by the issuer. The following deficiency was identified: • The auditor-employed specialist did not perform procedures to evaluate the relevance of the comparable companies used to develop these significant assumptions beyond determining whether those companies operated in the same industry as the issuer. (AS 1105.04 and .06) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 To test the existence of certain inventory the firm virtually observed the inventory at selected locations through video calls as of an interim date confirming only that inventory was present and performed certain roll forward procedures from the interim date to year-end. The following deficiency was identified: • The firm did not identify and test any controls over the existence of this inventory. (AS 2201.39) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2024 Mexico KPMG International Cooperative 2025-09-25T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2510 9 To test the existence of certain inventory the firm virtually observed the inventory at selected locations through video calls as of an interim date confirming only that inventory was present and performed certain roll forward procedures from the interim date to year-end. The following deficiency was identified: • The firm did not perform sufficient procedures to test the existence of this inventory because the firm's observation procedures were not suitable as the firm did not perform any test count procedures during the observations. Therefore these observations did not provide any evidence of the quantity and physical condition of the inventory. (AS 2510.09) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 39 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm selected for testing a control over the valuation of this goodwill that consisted of the performance of an annual impairment analysis and management's review and approval of (1) certain projections and base data produced by the issuer and used by the company's specialist to determine the significant assumption and (2) the impairment analysis performed including the VIU model and carrying amount of the goodwill. The following deficiency was identified: • The firm did not identify and test any controls over the completeness of certain data produced by the issuer that was provided to the company's specialist and used in the operation of this control. (AS 2201.39) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2201 42 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm selected for testing a control over the valuation of this goodwill that consisted of the performance of an annual impairment analysis and management's review and approval of (1) certain projections and base data produced by the issuer and used by the company's specialist to determine the significant assumption and (2) the impairment analysis performed including the VIU model and carrying amount of the goodwill. The following deficiency was identified: • The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of a significant assumption used by the issuer in the VIU model. (AS 2201.42 and .44) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2201 44 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm selected for testing a control over the valuation of this goodwill that consisted of the performance of an annual impairment analysis and management's review and approval of (1) certain projections and base data produced by the issuer and used by the company's specialist to determine the significant assumption and (2) the impairment analysis performed including the VIU model and carrying amount of the goodwill. The following deficiency was identified: • The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of a significant assumption used by the issuer in the VIU model. (AS 2201.42 and .44) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 A10 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm's approach for substantively testing the goodwill for impairment was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of the significant assumptions used by the company's specialist to determine the significant assumption used by the issuer in performing its annual impairment analysis beyond evaluating the consistency of the assumptions with historical experience and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform procedures to evaluate the work of the company's specialist beyond inquiry and testing the accuracy of certain data used by the company's specialist. (AS 1105.A6-.A10; AS 2501.16) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 A6 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm's approach for substantively testing the goodwill for impairment was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of the significant assumptions used by the company's specialist to determine the significant assumption used by the issuer in performing its annual impairment analysis beyond evaluating the consistency of the assumptions with historical experience and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform procedures to evaluate the work of the company's specialist beyond inquiry and testing the accuracy of certain data used by the company's specialist. (AS 1105.A6-.A10; AS 2501.16) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 A7 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm's approach for substantively testing the goodwill for impairment was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of the significant assumptions used by the company's specialist to determine the significant assumption used by the issuer in performing its annual impairment analysis beyond evaluating the consistency of the assumptions with historical experience and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform procedures to evaluate the work of the company's specialist beyond inquiry and testing the accuracy of certain data used by the company's specialist. (AS 1105.A6-.A10; AS 2501.16) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 A8 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm's approach for substantively testing the goodwill for impairment was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of the significant assumptions used by the company's specialist to determine the significant assumption used by the issuer in performing its annual impairment analysis beyond evaluating the consistency of the assumptions with historical experience and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform procedures to evaluate the work of the company's specialist beyond inquiry and testing the accuracy of certain data used by the company's specialist. (AS 1105.A6-.A10; AS 2501.16) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 A9 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm's approach for substantively testing the goodwill for impairment was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of the significant assumptions used by the company's specialist to determine the significant assumption used by the issuer in performing its annual impairment analysis beyond evaluating the consistency of the assumptions with historical experience and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform procedures to evaluate the work of the company's specialist beyond inquiry and testing the accuracy of certain data used by the company's specialist. (AS 1105.A6-.A10; AS 2501.16) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 2501 16 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm's approach for substantively testing the goodwill for impairment was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of the significant assumptions used by the company's specialist to determine the significant assumption used by the issuer in performing its annual impairment analysis beyond evaluating the consistency of the assumptions with historical experience and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform procedures to evaluate the work of the company's specialist beyond inquiry and testing the accuracy of certain data used by the company's specialist. (AS 1105.A6-.A10; AS 2501.16) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 4 AS 2501 16 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm's approach for substantively testing the goodwill for impairment was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of the significant assumptions related to certain projected data used by the issuer in the VIU model including taking into account the issuer's intent and ability to achieve the assumptions and projected data beyond inquiry obtaining a current contract and bid from an external vendor unrelated to the significant assumption and performing a sensitivity analysis. (AS 2501.16 and .17) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 4 AS 2501 17 The issuer engaged an external specialist (“company's specialist”) to assist in determining a significant assumption used by the issuer in performing its annual impairment analysis for certain goodwill using a Value in Use (VIU) approach. The issuer used various inputs and assumptions some of which the engagement team considered to be significant to prepare the VIU model used in the impairment analysis. The firm's approach for substantively testing the goodwill for impairment was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of the significant assumptions related to certain projected data used by the issuer in the VIU model including taking into account the issuer's intent and ability to achieve the assumptions and projected data beyond inquiry obtaining a current contract and bid from an external vendor unrelated to the significant assumption and performing a sensitivity analysis. (AS 2501.16 and .17) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The principal auditor instructed the firm to test certain controls over revenue and accounts receivable that consisted of management's review of (1) changes to customer data (2) the accounts receivable and allowance for doubtful accounts (3) credit memos (4) sales reversal entries (5) the rebate reserves and underlying assumptions and (6) the allocation of the total transaction price to the separate performance obligations based on their relative standalone selling prices. The following deficiency was identified: • The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The principal auditor instructed the firm to test certain controls over revenue and accounts receivable that consisted of management's review of (1) changes to customer data (2) the accounts receivable and allowance for doubtful accounts (3) credit memos (4) sales reversal entries (5) the rebate reserves and underlying assumptions and (6) the allocation of the total transaction price to the separate performance obligations based on their relative standalone selling prices. The following deficiency was identified: • The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The principal auditor instructed the firm to test certain controls over revenue and accounts receivable that consisted of management's review of (1) changes to customer data (2) the accounts receivable and allowance for doubtful accounts (3) credit memos (4) sales reversal entries (5) the rebate reserves and underlying assumptions and (6) the allocation of the total transaction price to the separate performance obligations based on their relative standalone selling prices. The following deficiency was identified: • The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The principal auditor instructed the firm to test certain controls over revenue and accounts receivable that consisted of management's review of (1) changes to customer data (2) the accounts receivable and allowance for doubtful accounts (3) credit memos (4) sales reversal entries (5) the rebate reserves and underlying assumptions and (6) the allocation of the total transaction price to the separate performance obligations based on their relative standalone selling prices. The following deficiency was identified: • The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The principal auditor instructed the firm to test certain controls over revenue and accounts receivable that consisted of management's review of (1) changes to customer data (2) the accounts receivable and allowance for doubtful accounts (3) credit memos (4) sales reversal entries (5) the rebate reserves and underlying assumptions and (6) the allocation of the total transaction price to the separate performance obligations based on their relative standalone selling prices. The following deficiency was identified: • For certain of these controls the firm did not identify and test any controls over the accuracy and completeness of certain data or reports used in the operation of the controls. (AS 2201.39) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The principal auditor instructed the firm to test certain controls over revenue and accounts receivable that consisted of management's review of (1) changes to customer data (2) the accounts receivable and allowance for doubtful accounts (3) credit memos (4) sales reversal entries (5) the rebate reserves and underlying assumptions and (6) the allocation of the total transaction price to the separate performance obligations based on their relative standalone selling prices. The following deficiency was identified: • For certain of these controls the firm did not identify and test any controls over the accuracy and completeness of certain data or reports used in the operation of the controls. (AS 2201.39) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 1105 10 The principal auditor also instructed the firm to perform certain procedures to substantively test revenue including the performance of a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. To test this data the firm agreed a sample of cash receipts to bank statements and/or customer invoices. The firm did not perform sufficient procedures to evaluate whether the cash receipts data was sufficiently precise and appropriate for use in the analysis because it did not evaluate whether: • the cash receipts of two of the selections were related to sales invoices outstanding in accounts receivables; • the entire cash receipt of one of the selections was related to sales invoices outstanding in accounts receivables using independent information from the customers as the firm only agreed a portion of the cash receipt to a customer invoice; and • the recorded cash reversal against the customer balance of one of the selections related to revenue and a related outstanding accounts receivable or evaluate whether this was a true exception in the context of the testing attributes. (AS 1105.10) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The principal auditor also instructed the firm to perform certain procedures to substantively test revenue including the performance of a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. To test this data the firm agreed a sample of cash receipts to bank statements and/or customer invoices. The firm did not perform sufficient procedures to evaluate whether the cash receipts data was sufficiently precise and appropriate for use in the analysis because it did not evaluate whether: • the cash receipts of two of the selections were related to sales invoices outstanding in accounts receivables; • the entire cash receipt of one of the selections was related to sales invoices outstanding in accounts receivables using independent information from the customers as the firm only agreed a portion of the cash receipt to a customer invoice; and • the recorded cash reversal against the customer balance of one of the selections related to revenue and a related outstanding accounts receivable or evaluate whether this was a true exception in the context of the testing attributes. (AS 1105.10) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2024 India Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Sales Discounts and Related Accruals 1 AS 2201 39 The firm selected for testing three controls over sales discounts and related accruals that consisted of management's (1) review of the accrual calculation and reconciliation of the accrual balance to the general ledger (2) analysis of accrual carryovers and (3) approval of sales discount disbursements. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of these controls. (AS 2201.39) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an information technology (IT) system to initiate process and record revenue transactions. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used an information technology (IT) system to initiate process and record revenue transactions. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). The firm selected for testing two user access controls over this IT system that consisted of the issuer's review and approval of privileged system access including a review of the activity performed by users that are granted such access to confirm that it was aligned with the access request/requirement. The firm did not evaluate the specific review procedures that the control owner performed to (1) evaluate whether the activity was aligned with the access request/requirement and (2) investigate and timely resolve any activity performed by the user beyond the access request/requirement. (AS 2201.42 and .44) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used an information technology (IT) system to initiate process and record revenue transactions. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). The firm selected for testing two user access controls over this IT system that consisted of the issuer's review and approval of privileged system access including a review of the activity performed by users that are granted such access to confirm that it was aligned with the access request/requirement. The firm did not evaluate the specific review procedures that the control owner performed to (1) evaluate whether the activity was aligned with the access request/requirement and (2) investigate and timely resolve any activity performed by the user beyond the access request/requirement. (AS 2201.42 and .44) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 39 For certain revenue which was affected by the audit deficiencies related to user access the following additional deficiency was identified: The firm did not identify and test any controls over the manually recorded transaction prices used to recognize the revenue to ensure that they agreed with the prices associated with the respective sales orders. (AS 2201.39) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an IT system to process and record revenue transactions. In its testing of controls over revenue the firm tested various automated controls that used data and reports generated or maintained by this IT system. The accuracy and completeness of these data and reports depended on effective ITGCs. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated controls was not sufficient. (AS 2201.46) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing certain user access controls over this IT system that consisted of the configuration of the IT systems to restrict access to authorized users depending on the nature of the activities performed by the users. The firm did not test aspects of these controls that would address certain risks identified by the firm associated with certain personnel having privileged access to specific functions of the IT system. (AS 2201.42 and .44) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing certain user access controls over this IT system that consisted of the configuration of the IT systems to restrict access to authorized users depending on the nature of the activities performed by the users. The firm did not test aspects of these controls that would address certain risks identified by the firm associated with certain personnel having privileged access to specific functions of the IT system. (AS 2201.42 and .44) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample size the firm used in its certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample size the firm used in its certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample size the firm used in its certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample size the firm used in its certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample size the firm used in its certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1315 Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad Limitada 2024 Peru Ernst & Young Global Limited 2025-09-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample size the firm used in its certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 8 The issuer recognizes multiple types of revenue. For one type of revenue and the related accounts which were measured based on estimates the following deficiency was identified: • The firm did not perform any procedures to test whether the issuer satisfied its performance obligations prior to the recognition of certain of this revenue. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 13 The issuer recognizes multiple types of revenue. For one type of revenue and the related accounts which were measured based on estimates the following deficiency was identified: • The firm did not perform any procedures to test whether the issuer satisfied its performance obligations prior to the recognition of certain of this revenue. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2501 10 The issuer recognizes multiple types of revenue. For one type of revenue and the related accounts which were measured based on estimates the following deficiency was identified: • The firm selected a sample of transactions to test the measurement of this revenue. The firm did not sufficiently evaluate whether data was appropriately used and significant assumptions were appropriately applied in measuring this revenue because it did not compare the amount of revenue it calculated for the selected transactions to the amount of revenue recorded by the issuer. (AS 2501.10) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2501 16 The issuer recognizes multiple types of revenue. For one type of revenue and the related accounts which were measured based on estimates the following deficiency was identified: • The firm did not evaluate the reasonableness of certain significant assumptions that the issuer used to estimate this type of revenue. (AS 2501.16) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2501 16 The issuer recognizes multiple types of revenue. For one type of revenue and the related accounts which were measured based on estimates the following deficiency was identified: • The firm did not evaluate the reasonableness of another significant assumption that the issuer used to estimate a related account. (AS 2501.16) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2301 8 For a second type of revenue the following deficiency was identified: • For certain revenue of this type the firm did not perform sufficient procedures to evaluate the issuer's identification of performance obligations because it did not evaluate (1) the issuer's basis for concluding that the goods and services or bundles thereof represented a single or multiple performance obligation(s) and (2) whether the issuer was acting as the principal for the transaction rather than an agent. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2301 13 For a second type of revenue the following deficiency was identified: • For certain revenue of this type the firm did not perform sufficient procedures to evaluate the issuer's identification of performance obligations because it did not evaluate (1) the issuer's basis for concluding that the goods and services or bundles thereof represented a single or multiple performance obligation(s) and (2) whether the issuer was acting as the principal for the transaction rather than an agent. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2301 8 For a second type of revenue the following deficiency was identified: • The firm did not perform sufficient procedures to test when the issuer recognized revenue because it did not perform procedures to evaluate whether (1) the issuer had satisfied the performance obligation(s) at the time revenue was recognized and (2) the revenue for each performance obligation should have been recognized at a point-in-time or over time. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2301 13 For a second type of revenue the following deficiency was identified: • The firm did not perform sufficient procedures to test when the issuer recognized revenue because it did not perform procedures to evaluate whether (1) the issuer had satisfied the performance obligation(s) at the time revenue was recognized and (2) the revenue for each performance obligation should have been recognized at a point-in-time or over time. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 8 For a second type of revenue the following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the determination of the transaction prices because when concluding that variable consideration did not exist the firm did not evaluate aspects of the revenue transactions that indicated the presence of variable consideration. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 13 For a second type of revenue the following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the determination of the transaction prices because when concluding that variable consideration did not exist the firm did not evaluate aspects of the revenue transactions that indicated the presence of variable consideration. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2810 3 For a second type of revenue the following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the determination of the transaction prices because when concluding that variable consideration did not exist the firm did not evaluate aspects of the revenue transactions that indicated the presence of variable consideration. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 8 AS 1105 10 For a second type of revenue the following deficiency was identified: • The firm did not test or identify and test controls over the completeness and accuracy of issuer-produced data the issuer used to develop significant assumptions used in measuring variable consideration for certain revenue of this type. (AS 1105.10) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 9 AS 2501 16 For a second type of revenue the following deficiency was identified: • The firm did not evaluate the reasonableness of a significant assumption the issuer used to measure this revenue. (AS 2501.16) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 10 AS 2301 16 For a third type of revenue the firm relied on certain controls to reduce the nature timing and extent of its substantive procedures to test revenue. The following deficiency was identified: • The firm did not identify and test controls that addressed the completeness and accuracy of revenue transaction details used in the operation of an information-technology automated control selected for testing. (AS 2301.16) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 11 AS 1105 10 For a third type of revenue the firm relied on certain controls to reduce the nature timing and extent of its substantive procedures to test revenue. The following deficiency was identified: • The firm did not test or identify and test any controls over the completeness and accuracy of certain system-generated data that was used to develop a significant assumption the issuer used to recognize revenue. (AS 1105.10) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 12 AS 2810 30 Related to multiple types of revenue the firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 12 AS 2810 31 Related to multiple types of revenue the firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A1 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A10 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A2 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A3 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A4 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A5 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A6 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A7 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A8 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A9 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 2501 7 The issuer engaged a specialist to perform a quantitative assessment to test the recoverability of certain long-lived assets. The firm did not perform procedures to test the valuation of these long-lived assets beyond obtaining a summary of the company's specialist's valuation memorandum. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1-.A10; AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 2 AS 2501 16 The firm's approach for substantively testing the allowance for doubtful accounts was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to evaluate whether the firm had a reasonable basis for the significant assumptions related to the expected credit loss rate the issuer used to estimate its allowance for doubtful accounts. (AS 2501.16) Triennially Inspected 2388 Wei, Wei & Co., LLP 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 3 AS 1105 10 The firm's approach for substantively testing the allowance for doubtful accounts was to test the issuer's process. The following deficiency was identified: • The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced data the issuer used to develop the significant assumptions. (AS 1105.10) Triennially Inspected 2738 M&K CPAS, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year the issuer identified indicators of impairment and performed a quantitative assessment of impairment. The firm did not perform procedures to evaluate the issuer's determination of the asset group used in its quantitative assessment. (AS 2301.08) Triennially Inspected 2738 M&K CPAS, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year the issuer identified indicators of impairment and performed a quantitative assessment of impairment. The firm did not perform procedures beyond inquiry observing the issuer's implementation of certain assumptions and performing a sensitivity analysis to evaluate the reasonableness of the significant assumptions the issuer used in its quantitative assessment. (AS 2501.16) Triennially Inspected 3223 Mercurius & Associates LLP 2025 India 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction Fraud Risk 1 AS 2410 17 The firm did not perform substantive procedures beyond inquiry and obtaining and reading an issuer-prepared memorandum to evaluate whether the issuer appropriately accounted for certain aspects of a related party transaction in conformity with GAAP. (AS 2410.17) Triennially Inspected 3223 Mercurius & Associates LLP 2025 India 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction Fraud Risk 2 AS 1105 A8a The issuer engaged an external valuation specialist to determine the fair value of this related party transaction. The firm's approach to substantively testing the fair value of this transaction was to test the issuer's process. The firm did not evaluate the relevance and reliability of certain data from sources external to the issuer that the company's specialist used to develop certain significant assumptions. (AS 1105.A8a) Triennially Inspected 3223 Mercurius & Associates LLP 2025 India 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction Fraud Risk 3 AS 1105 A8b The issuer engaged an external valuation specialist to determine the fair value of this related party transaction. The firm's approach to substantively testing the fair value of this transaction was to test the issuer's process. The firm did not perform procedures beyond inquiry to evaluate the reasonableness of the significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 3223 Mercurius & Associates LLP 2025 India 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 4 AS 2310 28 The firm used positive confirmation requests to test a significant account. The firm did not maintain control of the confirmation requests and responses through direct communication with the intended recipients of the confirmation requests. (AS 2310.28) Triennially Inspected 3223 Mercurius & Associates LLP 2025 India 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 5 AS 2310 29 The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer entered into sales contracts with third-party customers which outlined the specific terms and conditions with the customers. For certain revenue transactions sales orders were generated (and revenue was recognized) based on the quantities of goods sold to the customers that were manually entered into the issuer's accounting system. The following deficiency was identified: • The firm selected for testing a control over the recognition of this revenue that consisted of the issuer's review of new and amended sales contracts. The firm identified a deficiency in the design effectiveness of the control during its interim testing. To test the remediation of this control deficiency the firm selected and tested a sample of new and amended sales contracts once the issuer remediated the deficiency. The firm did not perform procedures to test or test any controls over the completeness of the population of new and amended sales contracts from which it made its selections for testing. (AS 1105.10) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer entered into sales contracts with third-party customers which outlined the specific terms and conditions with the customers. For certain revenue transactions sales orders were generated (and revenue was recognized) based on the quantities of goods sold to the customers that were manually entered into the issuer's accounting system. The following deficiency was identified: • The firm selected for testing a control over the recognition of this revenue that consisted of the issuer's review of new and amended sales contracts. The firm identified a deficiency in the design effectiveness of the control during its interim testing. To test the remediation of this control deficiency the firm selected and tested a sample of new and amended sales contracts once the issuer remediated the deficiency. The firm did not perform sufficient procedures to test the effectiveness of the issuer's remediation of the control deficiency because approximately 44 percent of the new and amended sales contracts selected to test the remediation were entered into or amended prior to the issuer's remediation of the deficiency. (AS 2201.44) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 68 The issuer entered into sales contracts with third-party customers which outlined the specific terms and conditions with the customers. For certain revenue transactions sales orders were generated (and revenue was recognized) based on the quantities of goods sold to the customers that were manually entered into the issuer's accounting system. The following deficiencies were identified: • The firm identified a process risk point over the recognition of this revenue that did not have an associated control and concluded that a design effectiveness deficiency existed. The firm identified and tested compensating controls that it believed would mitigate the deficiency. The firm did not identify that these compensating controls did not address the risk of material misstatement related to the entry of incorrect quantities of goods sold into the issuer's accounting system. (AS 2201.68) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liability Significant Risk 4 AS 2201 42 The firm used an auditor-employed specialist to assist it with evaluating the reasonableness of a significant assumption used by the issuer to estimate the fair value of a certain liability. To evaluate the reasonableness of the assumption the auditor-employed specialist developed an expectation of the assumption using certain external data. The following deficiency was identified: • The firm selected for testing a control that consisted of the issuer's review of the assumption. The firm did not evaluate the criteria the control owners used to identify matters for follow-up when assessing the reasonableness of the assumption. (AS 2201.42 and .44) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liability Significant Risk 4 AS 2201 44 The firm used an auditor-employed specialist to assist it with evaluating the reasonableness of a significant assumption used by the issuer to estimate the fair value of a certain liability. To evaluate the reasonableness of the assumption the auditor-employed specialist developed an expectation of the assumption using certain external data. The following deficiency was identified: • The firm selected for testing a control that consisted of the issuer's review of the assumption. The firm did not evaluate the criteria the control owners used to identify matters for follow-up when assessing the reasonableness of the assumption. (AS 2201.42 and .44) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liability Significant Risk 5 AS 1201 C6 The firm used an auditor-employed specialist to assist it with evaluating the reasonableness of a significant assumption used by the issuer to estimate the fair value of a certain liability. To evaluate the reasonableness of the assumption the auditor-employed specialist developed an expectation of the assumption using certain external data. The following deficiency was identified: • The firm did not sufficiently evaluate the work of the auditor-employed specialist as it did not identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the significant assumption and perform additional procedures or request the auditor-employed specialist to perform additional procedures as necessary to address the deficiency. (AS 1201.C6 and .C7) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liability Significant Risk 5 AS 1201 C7 The firm used an auditor-employed specialist to assist it with evaluating the reasonableness of a significant assumption used by the issuer to estimate the fair value of a certain liability. To evaluate the reasonableness of the assumption the auditor-employed specialist developed an expectation of the assumption using certain external data. The following deficiency was identified: • The firm did not sufficiently evaluate the work of the auditor-employed specialist as it did not identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the significant assumption and perform additional procedures or request the auditor-employed specialist to perform additional procedures as necessary to address the deficiency. (AS 1201.C6 and .C7) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liability Significant Risk 6 AS 1105 4 The firm used an auditor-employed specialist to assist it with evaluating the reasonableness of a significant assumption used by the issuer to estimate the fair value of a certain liability. To evaluate the reasonableness of the assumption the auditor-employed specialist developed an expectation of the assumption using certain external data. The following deficiency was identified: • The auditor-employed specialist did not perform sufficient procedures to evaluate the relevance of the external data when developing the expectation of the significant assumption. (AS 1105.04 and .06) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liability Significant Risk 6 AS 1105 6 The firm used an auditor-employed specialist to assist it with evaluating the reasonableness of a significant assumption used by the issuer to estimate the fair value of a certain liability. To evaluate the reasonableness of the assumption the auditor-employed specialist developed an expectation of the assumption using certain external data. The following deficiency was identified: • The auditor-employed specialist did not perform sufficient procedures to evaluate the relevance of the external data when developing the expectation of the significant assumption. (AS 1105.04 and .06) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 7 AS 2810 30 The firm did not identify and evaluate a departure from the applicable financial reporting framework related to the issuer's omission of certain disclosures related to intangible assets required by the framework. (AS 2810.30 and .31) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 7 AS 2810 31 The firm did not identify and evaluate a departure from the applicable financial reporting framework related to the issuer's omission of certain disclosures related to intangible assets required by the framework. (AS 2810.30 and .31) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill 1 AS 2501 16 The issuer evaluated certain goodwill for impairment using a discounted cash flow model which was developed using various assumptions. The firm's approach for substantively testing this goodwill for impairment was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions used by the issuer to evaluate this goodwill for impairment beyond for certain assumptions comparing the assumptions to the most recent approved budget and prior year impairment tests performing a sensitivity analysis and inquiring of management and for certain other assumptions comparing the assumptions to the most recent approved budget and prior year impairment tests. (AS 2501.16) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2305 13 The firm's substantive procedures to test certain inputs used by the issuer to record intangible assets included the performance of analytical procedures. For certain of these inputs the firm did not (1) determine for one of these inputs whether the expectation used in the analytical procedures was based on predictable relationships and (2) perform procedures to evaluate significant differences between the expected input and actual input used by the issuer beyond inquiry of management. (AS 2305.13 .14 and .21) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2305 14 The firm's substantive procedures to test certain inputs used by the issuer to record intangible assets included the performance of analytical procedures. For certain of these inputs the firm did not (1) determine for one of these inputs whether the expectation used in the analytical procedures was based on predictable relationships and (2) perform procedures to evaluate significant differences between the expected input and actual input used by the issuer beyond inquiry of management. (AS 2305.13 .14 and .21) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2305 21 The firm's substantive procedures to test certain inputs used by the issuer to record intangible assets included the performance of analytical procedures. For certain of these inputs the firm did not (1) determine for one of these inputs whether the expectation used in the analytical procedures was based on predictable relationships and (2) perform procedures to evaluate significant differences between the expected input and actual input used by the issuer beyond inquiry of management. (AS 2305.13 .14 and .21) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets 3 AS 2810 30 The firm did not identify and evaluate a departure from the applicable financial reporting framework related to the issuer's omission of certain disclosures related to intangible assets required by the framework. (AS 2810.30 and .31) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets 3 AS 2810 31 The firm did not identify and evaluate a departure from the applicable financial reporting framework related to the issuer's omission of certain disclosures related to intangible assets required by the framework. (AS 2810.30 and .31) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 39 The principal auditor identified certain long-lived assets as a significant account and the existence and valuation of those assets as relevant assertions. The following deficiency was identified: • The firm did not identify and test any controls over the existence and valuation of these long-lived assets. (AS 2201.39) Triennially Inspected 3240 KPMG AG 2024 Switzerland KPMG International Cooperative 2025-09-25T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2301 8 The principal auditor identified certain long-lived assets as a significant account and the existence and valuation of those assets as relevant assertions. The following deficiency was identified: • The firm did not perform any substantive procedures to test the existence and valuation of these long-lived assets. (AS 2301.08) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2025 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Contingent Consideration Liability 1 AS 2810 30 During the year the issuer acquired a business. As part of the consideration the issuer recorded a contingent consideration liability related to the sellers' rights to receive additional shares contingent upon the exercise or conversion of convertible notes options and warrants. The firm did not identify and evaluate a departure from GAAP related to the issuer not reflecting that certain warrants had been exercised after the acquisition in its determination of the contingent consideration liability at year end. (AS 2810.30) In connection with our review the issuer reevaluated its accounting for the contingent consideration liability and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm issued an audit report on the restated financial statements. Our procedures did not include review of any additional audit work related to the restatement. Triennially Inspected 5348 Frost, PLLC 2025 United States 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The issuer reported different types of inventory. The following deficiency was identified: • The firm selected for testing a control over the review of certain inventory but did not perform procedures to test the design and operating effectiveness of this control. (AS 2201.42 and .44) Triennially Inspected 5348 Frost, PLLC 2025 United States 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The issuer reported different types of inventory. The following deficiency was identified: • The firm selected for testing a control over the review of certain inventory but did not perform procedures to test the design and operating effectiveness of this control. (AS 2201.42 and .44) Triennially Inspected 5348 Frost, PLLC 2025 United States 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The issuer reported different types of inventory. The following deficiency was identified: • The firm selected for testing controls over the review of certain other inventory and metrics of all inventory. The firm did not evaluate the review procedures that the control owners performed including procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 5348 Frost, PLLC 2025 United States 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The issuer reported different types of inventory. The following deficiency was identified: • The firm selected for testing controls over the review of certain other inventory and metrics of all inventory. The firm did not evaluate the review procedures that the control owners performed including procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 5348 Frost, PLLC 2025 United States 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The issuer reported different types of inventory. The following deficiency was identified: • The firm did not identify and test any controls over the completeness and accuracy of reports that were used in the operation of certain of the controls it selected for testing over inventory. (AS 2201.39) Triennially Inspected 5348 Frost, PLLC 2025 United States 2025-09-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The firm did not perform any procedures to test certain components of the issuer's calculation of the cost of certain inventory. (AS 2301.08) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 1 AS 2810 35 The firm selected a sample of transactions to test revenue and performed cut-off testing. The following deficiency was identified: • The firm determined that the issuer was unable to support whether or not it had satisfied its performance obligations for several revenue transactions selected for testing. As a result the firm identified adjusting entries that the issuer recorded. The firm did not perform procedures to obtain further audit evidence to address whether the adjusting journal entries were appropriate or if the firm was unable to obtain sufficient appropriate audit evidence to have a reasonable basis to conclude about whether the financial statements as a whole were free of material misstatement the firm should have expressed a qualified opinion or a disclaimer of opinion. (AS 2810.35) In connection with our review the issuer reevaluated its accounting for certain revenue and related accounts and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Significant Risk 1 AS 2810 35 The firm selected a sample of transactions to test revenue and performed cut-off testing. The following deficiency was identified: • The firm determined that the issuer was unable to support whether or not it had satisfied its performance obligations for several revenue transactions selected for testing. As a result the firm identified adjusting entries that the issuer recorded. The firm did not perform procedures to obtain further audit evidence to address whether the adjusting journal entries were appropriate or if the firm was unable to obtain sufficient appropriate audit evidence to have a reasonable basis to conclude about whether the financial statements as a whole were free of material misstatement the firm should have expressed a qualified opinion or a disclaimer of opinion. (AS 2810.35) In connection with our review the issuer reevaluated its accounting for certain revenue and related accounts and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 2 AS 2301 8 The firm selected a sample of transactions to test revenue and performed cut-off testing. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate whether two additional journal entries that it identified to reverse revenue which the issuer recorded were appropriate because it did not evaluate the appropriateness of the offsets to the reversed revenue. (AS 2301.08 and .13) In connection with our review the issuer reevaluated its accounting for certain revenue and related accounts and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Significant Risk 2 AS 2301 8 The firm selected a sample of transactions to test revenue and performed cut-off testing. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate whether two additional journal entries that it identified to reverse revenue which the issuer recorded were appropriate because it did not evaluate the appropriateness of the offsets to the reversed revenue. (AS 2301.08 and .13) In connection with our review the issuer reevaluated its accounting for certain revenue and related accounts and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 2 AS 2301 13 The firm selected a sample of transactions to test revenue and performed cut-off testing. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate whether two additional journal entries that it identified to reverse revenue which the issuer recorded were appropriate because it did not evaluate the appropriateness of the offsets to the reversed revenue. (AS 2301.08 and .13) In connection with our review the issuer reevaluated its accounting for certain revenue and related accounts and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Significant Risk 2 AS 2301 13 The firm selected a sample of transactions to test revenue and performed cut-off testing. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate whether two additional journal entries that it identified to reverse revenue which the issuer recorded were appropriate because it did not evaluate the appropriateness of the offsets to the reversed revenue. (AS 2301.08 and .13) In connection with our review the issuer reevaluated its accounting for certain revenue and related accounts and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Significant Risk 3 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether the issuer recognized certain revenue in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not evaluate the issuer's conclusions about collectability and satisfaction of performance obligations beyond obtaining confirmations from certain customers. (AS 2301.08 and .13) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 3 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether the issuer recognized certain revenue in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not evaluate the issuer's conclusions about collectability and satisfaction of performance obligations beyond obtaining confirmations from certain customers. (AS 2301.08 and .13) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Significant Risk 3 AS 2301 13 The firm did not perform sufficient procedures to evaluate whether the issuer recognized certain revenue in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not evaluate the issuer's conclusions about collectability and satisfaction of performance obligations beyond obtaining confirmations from certain customers. (AS 2301.08 and .13) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 3 AS 2301 13 The firm did not perform sufficient procedures to evaluate whether the issuer recognized certain revenue in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not evaluate the issuer's conclusions about collectability and satisfaction of performance obligations beyond obtaining confirmations from certain customers. (AS 2301.08 and .13) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 4 AS 2501 7 The firm did not perform procedures to test the issuer's conclusion that an allowance for doubtful accounts was not necessary beyond testing the issuer's accounts receivable aging report for clerical accuracy and completeness and testing certain subsequent cash receipts. (AS 2501.07) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Significant Risk 4 AS 2501 7 The firm did not perform procedures to test the issuer's conclusion that an allowance for doubtful accounts was not necessary beyond testing the issuer's accounts receivable aging report for clerical accuracy and completeness and testing certain subsequent cash receipts. (AS 2501.07) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 5 AS 2501 21 The issuer performed a quantitative assessment to determine whether its intangible assets were impaired. The firm's approach for substantively testing this assessment was to develop an independent expectation of the fair value of the intangible assets. The following deficiencies were identified: • The firm did not perform procedures to demonstrate that in developing its independent expectation it took into account certain requirements of the applicable financial framework so that its independent expectation considered the factors relevant to the estimate. (AS 2501.21) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 6 AS 2501 22 The issuer performed a quantitative assessment to determine whether its intangible assets were impaired. The firm's approach for substantively testing this assessment was to develop an independent expectation of the fair value of the intangible assets. The following deficiencies were identified: • The firm did not perform procedures to demonstrate it had a reasonable basis for certain assumptions it independently derived beyond performing a sensitivity analysis for one of those assumptions. (AS 2501.22) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 7 AS 2501 21 The issuer performed a quantitative assessment to determine whether its intangible assets were impaired. The firm's approach for substantively testing this assessment was to develop an independent expectation of the fair value of the intangible assets. The following deficiencies were identified: • The firm did not perform sufficient procedures to demonstrate that it had a reasonable basis including taking into account its understanding of the issuer's process for another assumption it derived because it did not demonstrate how its assumption took into account certain factors relevant to the estimate. (AS 2501.21 and .22) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 7 AS 2501 22 The issuer performed a quantitative assessment to determine whether its intangible assets were impaired. The firm's approach for substantively testing this assessment was to develop an independent expectation of the fair value of the intangible assets. The following deficiencies were identified: • The firm did not perform sufficient procedures to demonstrate that it had a reasonable basis including taking into account its understanding of the issuer's process for another assumption it derived because it did not demonstrate how its assumption took into account certain factors relevant to the estimate. (AS 2501.21 and .22) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 8 AS 1105 4 The issuer performed a quantitative assessment to determine whether its intangible assets were impaired. The firm's approach for substantively testing this assessment was to develop an independent expectation of the fair value of the intangible assets. The following deficiencies were identified: • The firm did not perform procedures to evaluate the relevance and reliability of information it obtained from an external source and used to develop one of its assumptions. (AS 1105.04 and .06) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 8 AS 1105 6 The issuer performed a quantitative assessment to determine whether its intangible assets were impaired. The firm's approach for substantively testing this assessment was to develop an independent expectation of the fair value of the intangible assets. The following deficiencies were identified: • The firm did not perform procedures to evaluate the relevance and reliability of information it obtained from an external source and used to develop one of its assumptions. (AS 1105.04 and .06) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1101 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1105 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 10 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2105 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2110 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2301 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2401 57 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2410 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2415 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2805 5 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 30 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 31 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to establishing a materiality level for the financial statements certain planning procedures and obtaining certain issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31 Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments Significant Risk 1 AS 2301 8 The issuer held equity-method investments with various investees. For one equity-method investment the following deficiency was identified: • The firm did not perform procedures beyond inquiry to evaluate whether the issuer evaluated whether there were any factors or indicators that there was an other than temporary decrease in the value of this investment in accordance with FASB ASC Topic 323 Investments – Equity Method and Joint Ventures including consideration of certain factors of which the firm was aware that indicated that there was a loss in the value of the investment that was other than a temporary decline. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments Significant Risk 1 AS 2301 11 The issuer held equity-method investments with various investees. For one equity-method investment the following deficiency was identified: • The firm did not perform procedures beyond inquiry to evaluate whether the issuer evaluated whether there were any factors or indicators that there was an other than temporary decrease in the value of this investment in accordance with FASB ASC Topic 323 Investments – Equity Method and Joint Ventures including consideration of certain factors of which the firm was aware that indicated that there was a loss in the value of the investment that was other than a temporary decline. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments Significant Risk 1 AS 2810 3 The issuer held equity-method investments with various investees. For one equity-method investment the following deficiency was identified: • The firm did not perform procedures beyond inquiry to evaluate whether the issuer evaluated whether there were any factors or indicators that there was an other than temporary decrease in the value of this investment in accordance with FASB ASC Topic 323 Investments – Equity Method and Joint Ventures including consideration of certain factors of which the firm was aware that indicated that there was a loss in the value of the investment that was other than a temporary decline. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments Significant Risk 2 AS 2301 8 The issuer held equity-method investments with various investees. For one equity-method investment the following deficiency was identified: • The firm did not perform procedures beyond inquiry to evaluate whether the issuer recognized its share of the earnings or losses of the investee. (AS 2301.08 and .11) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments Significant Risk 2 AS 2301 11 The issuer held equity-method investments with various investees. For one equity-method investment the following deficiency was identified: • The firm did not perform procedures beyond inquiry to evaluate whether the issuer recognized its share of the earnings or losses of the investee. (AS 2301.08 and .11) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments Significant Risk 3 AS 2301 8 The issuer held equity-method investments with various investees. For one equity-method investment the following deficiency was identified: • The firm did not sufficiently evaluate the issuer's conclusion not to consolidate this investee because it did not evaluate whether the issuer had a controlling financial interest in the investee. (AS 2301.08 and .11) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments Significant Risk 3 AS 2301 11 The issuer held equity-method investments with various investees. For one equity-method investment the following deficiency was identified: • The firm did not sufficiently evaluate the issuer's conclusion not to consolidate this investee because it did not evaluate whether the issuer had a controlling financial interest in the investee. (AS 2301.08 and .11) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments Significant Risk 4 AS 2301 8 For another equity-method investment the firm did not perform procedures beyond inquiry to test the valuation of this investment at year end and the related impairment losses. Further the firm did not perform procedures to test whether impairment losses were recorded in the appropriate period even though it was aware of certain contrary evidence. (AS 2301.08; AS 2810.03) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments Significant Risk 4 AS 2810 3 For another equity-method investment the firm did not perform procedures beyond inquiry to test the valuation of this investment at year end and the related impairment losses. Further the firm did not perform procedures to test whether impairment losses were recorded in the appropriate period even though it was aware of certain contrary evidence. (AS 2301.08; AS 2810.03) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2301 8 The issuer reported goodwill related to certain reporting units. The firm did not perform any procedures to evaluate whether the issuer identified its reporting units in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2301.08 and .13) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Fraud Risk 1 AS 2301 8 The issuer reported goodwill related to certain reporting units. The firm did not perform any procedures to evaluate whether the issuer identified its reporting units in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2301.08 and .13) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2301 13 The issuer reported goodwill related to certain reporting units. The firm did not perform any procedures to evaluate whether the issuer identified its reporting units in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2301.08 and .13) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Fraud Risk 1 AS 2301 13 The issuer reported goodwill related to certain reporting units. The firm did not perform any procedures to evaluate whether the issuer identified its reporting units in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2301.08 and .13) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 1105 A8 For one reporting unit the issuer engaged an external specialist to perform a quantitative assessment to evaluate goodwill for impairment. The firm's approach for substantively testing the quantitative assessment was to test the issuer's process and develop an independent expectation. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist in the quantitative assessment and/or used by the firm in developing its independent expectation. (AS 1105.A8b; AS 2501.16) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Fraud Risk 2 AS 1105 A8 For one reporting unit the issuer engaged an external specialist to perform a quantitative assessment to evaluate goodwill for impairment. The firm's approach for substantively testing the quantitative assessment was to test the issuer's process and develop an independent expectation. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist in the quantitative assessment and/or used by the firm in developing its independent expectation. (AS 1105.A8b; AS 2501.16) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Fraud Risk 2 AS 2501 16 For one reporting unit the issuer engaged an external specialist to perform a quantitative assessment to evaluate goodwill for impairment. The firm's approach for substantively testing the quantitative assessment was to test the issuer's process and develop an independent expectation. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist in the quantitative assessment and/or used by the firm in developing its independent expectation. (AS 1105.A8b; AS 2501.16) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2501 16 For one reporting unit the issuer engaged an external specialist to perform a quantitative assessment to evaluate goodwill for impairment. The firm's approach for substantively testing the quantitative assessment was to test the issuer's process and develop an independent expectation. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist in the quantitative assessment and/or used by the firm in developing its independent expectation. (AS 1105.A8b; AS 2501.16) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Fraud Risk 3 AS 2501 22 For one reporting unit the issuer engaged an external specialist to perform a quantitative assessment to evaluate goodwill for impairment. The firm's approach for substantively testing the quantitative assessment was to test the issuer's process and develop an independent expectation. The following deficiency was identified: • The firm did not perform procedures to demonstrate it had a reasonable basis for certain assumptions it independently derived and used in its independent expectation. (AS 2501.22) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 3 AS 2501 22 For one reporting unit the issuer engaged an external specialist to perform a quantitative assessment to evaluate goodwill for impairment. The firm's approach for substantively testing the quantitative assessment was to test the issuer's process and develop an independent expectation. The following deficiency was identified: • The firm did not perform procedures to demonstrate it had a reasonable basis for certain assumptions it independently derived and used in its independent expectation. (AS 2501.22) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 2501 22 For another reporting unit the issuer performed a qualitative assessment to evaluate goodwill for impairment and determined that it was not more likely than not that the carrying value of the reporting unit was more than its fair value. The firm's approach for substantively testing whether this goodwill was impaired was to develop an independent expectation of the fair value of the reporting unit. The firm did not perform procedures to demonstrate it had a reasonable basis for certain assumptions it independently derived and used in developing its independent expectation. (AS 2501.22) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill Fraud Risk 4 AS 2501 22 For another reporting unit the issuer performed a qualitative assessment to evaluate goodwill for impairment and determined that it was not more likely than not that the carrying value of the reporting unit was more than its fair value. The firm's approach for substantively testing whether this goodwill was impaired was to develop an independent expectation of the fair value of the reporting unit. The firm did not perform procedures to demonstrate it had a reasonable basis for certain assumptions it independently derived and used in developing its independent expectation. (AS 2501.22) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Investments Significant Risk 1 AS 2301 8 The firm did not perform procedures to evaluate the issuer's qualitative assessments to evaluate whether certain of its investments were impaired. (AS 2301.08 and .11) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Investments Significant Risk 1 AS 2301 11 The firm did not perform procedures to evaluate the issuer's qualitative assessments to evaluate whether certain of its investments were impaired. (AS 2301.08 and .11) Triennially Inspected 5525 Fruci & Associates II, PLLC 2024 United States 2025-09-25T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Goodwill 1 AS 2501 7 The issuer performed a quantitative assessment using a discounted cash flow analysis to assess goodwill for impairment. The firm did not perform procedures to test the issuer's quantitative assessment beyond comparing the analysis with prior year analyses testing the mathematical accuracy of the analysis and researching general industry economic conditions. (AS 2501.07) Triennially Inspected 596 CohnReznick LLP 2025 United States 2025-09-11T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed these areas and did not identify the deficiencies below. The firm selected for testing a control over revenue. Except for one of the selected items that was part of the firm's walkthrough the firm did not test the specific review procedures that the control owner performed over certain aspects of this control beyond inspecting for evidence of the control owners' approval. (AS 2201.44) Triennially Inspected 596 CohnReznick LLP 2025 United States 2025-09-11T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed these areas and did not identify the deficiencies below. The firm selected for testing certain controls over inventory. Except for certain of the selected items that were part of the firm's walkthroughs the firm did not test the specific review procedures that the control owners performed over certain aspects of these controls beyond inspecting for evidence of the control owners' approval. (AS 2201.44) Triennially Inspected 596 CohnReznick LLP 2025 United States 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Business Combination Significant Risk 1 AS 2501 16 During the year the issuer acquired a business. The firm did not perform procedures to evaluate the reasonableness of a significant assumption used to estimate the amount of acquired intangible assets beyond inquiry with management. (AS 2501.16) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's inaccurate disclosures that it recognized revenue in conformity with FASB ASC Topic 605 Revenue Recognition which was superseded by FASB ASC Topic 606 Revenue from Contracts with Customers prior to the year under audit. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its disclosures of revenue recognition and determined that the disclosures were inaccurate. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected the disclosures in a subsequent filing. The firm reissued its report on the financial statements. Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's inaccurate disclosures that it recognized revenue in conformity with FASB ASC Topic 605 Revenue Recognition which was superseded by FASB ASC Topic 606 Revenue from Contracts with Customers prior to the year under audit. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its disclosures of revenue recognition and determined that the disclosures were inaccurate. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected the disclosures in a subsequent filing. The firm reissued its report on the financial statements. Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform procedures to test the issuer's restated revenue disclosures discussed. (AS 2301.08) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm did not perform sufficient procedures to test revenue because it limited its procedures to tracing a sample of revenue transactions to issuer-prepared invoices. (AS 2301.08) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2310 31 The firm sent positive confirmation requests to test accounts receivable. The firm did not perform any alternative procedures for the positive confirmation requests for which it did not receive a response. (AS 2310.31) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 2501 7 The firm did not perform procedures to test the allowance for doubtful accounts beyond reading issuer prepared accounts receivable aging schedules. (AS 2501.07) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 6 AS 2410 12 The firm did not perform any procedures to test the transactions with related parties disclosed in the financial statements. (AS 2410.12) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2410 14 The firm did not evaluate whether the issuer had properly identified its related parties and relationships and transactions with related parties. (AS 2410.14) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Subsequent Events 8 AS 2801 12 The firm did not perform auditing procedures at or near the date of the auditor's report to ascertain the occurrence of subsequent events that may have required adjustment or disclosure essential to a fair presentation of the financial statements. (AS 2801.12) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 9 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2301 8 The firm did not perform sufficient procedures to test one type of revenue because its procedures were limited to determining for a sample of transactions that a contract existed between the issuer and the customer. (AS 2301.08) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 8 The firm did not perform sufficient procedures to test another type of revenue because it limited its procedures to tracing a sample of revenue transactions to issuer-prepared invoices and/or other issuer prepared information. (AS 2301.08) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2301 8 The firm did not perform procedures to test the completeness of a related account. (AS 2301.08) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2301 8 In addition the firm did not perform sufficient procedures to test this account because it limited its procedures to tracing a sample of transactions to certain issuer-prepared information. (AS 2301.08) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Asset 5 AS 2501 7 The firm did not perform procedures to test the fair value of a certain asset beyond performing recalculations of an issuer-prepared schedule. (AS 2501.07) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transactions 6 AS 2301 8 The firm did not perform any procedures to evaluate the issuer's accounting treatment of certain significant transactions. (AS 2301.08) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transactions 7 AS 2810 30 In addition the firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain required disclosures related to these significant transactions. (AS 2810.30 and .31) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transactions 7 AS 2810 31 In addition the firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain required disclosures related to these significant transactions. (AS 2810.30 and .31) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 8 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 In addition the firm did not perform sufficient procedures to test revenue because it limited its procedures to tracing a sample of revenue transactions to issuer-prepared invoices. (AS 2301.08 and .13) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 In addition the firm did not perform sufficient procedures to test revenue because it limited its procedures to tracing a sample of revenue transactions to issuer-prepared invoices. (AS 2301.08 and .13) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Related Party Payables 3 AS 2310 31 The firm sent positive confirmation requests to test related party payables. The firm did not perform any alternative procedures for a positive confirmation request for which it did not receive a response. (AS 2310.31) Triennially Inspected 957 Zhen Hui Certified Public Accountants 2024 Hong Kong 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 1132 UHY Haines Norton 2024 Australia 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 1 AS 2501 16 The firm did not perform procedures to evaluate the reasonableness of the significant assumptions used to determine an estimate related to a significant account. (AS 2501.16) Triennially Inspected 1132 UHY Haines Norton 2024 Australia 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 1132 UHY Haines Norton 2024 Australia 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2501 16 The issuer performed an impairment assessment of certain intangible assets. The firm did not perform procedures beyond obtaining and reading the issuer's sensitivity analysis to evaluate the reasonableness of the significant assumptions the issuer used in the impairment assessment. (AS 2501.16) Triennially Inspected 1132 UHY Haines Norton 2024 Australia 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and the related accounts receivable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and the related accounts receivable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 2 AS 2201 42 The firm selected for testing various user access and change management controls over these IT systems that consisted of the issuer's reviews of (1) the granting and monitoring of user access and (2) changes to the production environment of these IT systems. The following deficiency was identified: · The firm did not perform sufficient procedures to test the design of these controls because it did not evaluate whether (1) the controls were designed to satisfy the issuer's control objectives and (2) the control owners possessed the necessary authority and competence to perform the controls. (AS 2201.42) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm selected for testing various user access and change management controls over these IT systems that consisted of the issuer's reviews of (1) the granting and monitoring of user access and (2) changes to the production environment of these IT systems. The following deficiency was identified: · The firm did not perform sufficient procedures to test the design of these controls because it did not evaluate whether (1) the controls were designed to satisfy the issuer's control objectives and (2) the control owners possessed the necessary authority and competence to perform the controls. (AS 2201.42) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 3 AS 2201 39 The firm selected for testing various user access and change management controls over these IT systems that consisted of the issuer's reviews of (1) the granting and monitoring of user access and (2) changes to the production environment of these IT systems. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of certain system-generated information that were used in the operation of these controls. (AS 2201.39) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The firm selected for testing various user access and change management controls over these IT systems that consisted of the issuer's reviews of (1) the granting and monitoring of user access and (2) changes to the production environment of these IT systems. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of certain system-generated information that were used in the operation of these controls. (AS 2201.39) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 1105 10 The firm selected for testing various user access and change management controls over these IT systems that consisted of the issuer's reviews of (1) the granting and monitoring of user access and (2) changes to the production environment of these IT systems. The following deficiency was identified: · The firm used certain system-generated information (1) in its testing of these controls and/or (2) to make selections to test certain controls but did not perform procedures to test or test any controls over the accuracy and/or completeness of this information. Further the firm used other information in its testing of certain of these controls but did not sufficiently test or test controls over the accuracy and completeness of this information because it did not test how the information was generated. (AS 1105.10) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 The firm selected for testing various user access and change management controls over these IT systems that consisted of the issuer's reviews of (1) the granting and monitoring of user access and (2) changes to the production environment of these IT systems. The following deficiency was identified: · The firm used certain system-generated information (1) in its testing of these controls and/or (2) to make selections to test certain controls but did not perform procedures to test or test any controls over the accuracy and/or completeness of this information. Further the firm used other information in its testing of certain of these controls but did not sufficiently test or test controls over the accuracy and completeness of this information because it did not test how the information was generated. (AS 1105.10) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 5 AS 1105 10 The firm selected for testing various user access and change management controls over these IT systems that consisted of the issuer's reviews of (1) the granting and monitoring of user access and (2) changes to the production environment of these IT systems. The following deficiency was identified: · In its testing of a control over user access the firm identified a deviation indicating that an individual may have had inappropriate access to one of these systems. The firm determined that this deviation did not affect its conclusion on the operating effectiveness of this control based on certain system-generated information provided by the issuer. The firm did not sufficiently evaluate the effect of this deviation on the operating effectiveness of this control because it did not test or test controls over the accuracy and completeness of this information. (AS 1105.10; AS 2201.48) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 1105 10 The firm selected for testing various user access and change management controls over these IT systems that consisted of the issuer's reviews of (1) the granting and monitoring of user access and (2) changes to the production environment of these IT systems. The following deficiency was identified: · In its testing of a control over user access the firm identified a deviation indicating that an individual may have had inappropriate access to one of these systems. The firm determined that this deviation did not affect its conclusion on the operating effectiveness of this control based on certain system-generated information provided by the issuer. The firm did not sufficiently evaluate the effect of this deviation on the operating effectiveness of this control because it did not test or test controls over the accuracy and completeness of this information. (AS 1105.10; AS 2201.48) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 5 AS 2201 48 The firm selected for testing various user access and change management controls over these IT systems that consisted of the issuer's reviews of (1) the granting and monitoring of user access and (2) changes to the production environment of these IT systems. The following deficiency was identified: · In its testing of a control over user access the firm identified a deviation indicating that an individual may have had inappropriate access to one of these systems. The firm determined that this deviation did not affect its conclusion on the operating effectiveness of this control based on certain system-generated information provided by the issuer. The firm did not sufficiently evaluate the effect of this deviation on the operating effectiveness of this control because it did not test or test controls over the accuracy and completeness of this information. (AS 1105.10; AS 2201.48) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 48 The firm selected for testing various user access and change management controls over these IT systems that consisted of the issuer's reviews of (1) the granting and monitoring of user access and (2) changes to the production environment of these IT systems. The following deficiency was identified: · In its testing of a control over user access the firm identified a deviation indicating that an individual may have had inappropriate access to one of these systems. The firm determined that this deviation did not affect its conclusion on the operating effectiveness of this control based on certain system-generated information provided by the issuer. The firm did not sufficiently evaluate the effect of this deviation on the operating effectiveness of this control because it did not test or test controls over the accuracy and completeness of this information. (AS 1105.10; AS 2201.48) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 6 AS 2301 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 6 AS 2301 18 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 18 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 6 AS 2301 37 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 37 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 6 AS 2315 19 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 19 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 6 AS 2315 23 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 23 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 6 AS 2315 23A As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 23A As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The sample sizes that the firm used in certain of its substantive procedures to test these accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 7 AS 1105 10 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated information that the firm used in its substantive testing. (AS 1105.10) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 10 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures over this revenue and the related accounts receivable as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated information that the firm used in its substantive testing. (AS 1105.10) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 8 AS 2201 42 The following additional deficiency was identified: • The firm selected for testing controls that consisted of the issuer's reviews of the sales return reserve and the allowance for doubtful accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 42 The following additional deficiency was identified: • The firm selected for testing controls that consisted of the issuer's reviews of the sales return reserve and the allowance for doubtful accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 8 AS 2201 44 The following additional deficiency was identified: • The firm selected for testing controls that consisted of the issuer's reviews of the sales return reserve and the allowance for doubtful accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 44 The following additional deficiency was identified: • The firm selected for testing controls that consisted of the issuer's reviews of the sales return reserve and the allowance for doubtful accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 9 AS 2501 16 The following additional deficiency was identified: • The firm's approach to substantively test the allowance for doubtful accounts was to test the issuer's process. The firm did not perform procedures beyond reading an issuer-prepared memorandum to evaluate the reasonableness of the significant assumptions the issuer used to develop this allowance. (AS 2501.16) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 10 AS 2201 39 The issuer reported investment securities that were held within various investment funds managed by external parties. The following deficiency was identified: • The firm selected for testing a control that consisted of the issuer's review of the fair values of these investments. The firm did not identify and test any controls that addressed the reliability of pricing information obtained from the external parties that were used in the operation of this control. (AS 2201.39) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 11 AS 2501 7 The issuer reported investment securities that were held within various investment funds managed by external parties. The following deficiency was identified: • The firm did not perform substantive procedures to test the valuation of these investments beyond (1) comparing their reported fair values to the statements obtained from the external parties that managed the respective investment funds and (2) for a selection of investment funds testing the fair values of certain underlying investments while excluding others from testing. (AS 2501.07) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 12 AS 2810 30 The issuer reported investment securities that were held within various investment funds managed by external parties. The following deficiency was identified: • The firm did not identify and evaluate a departure from GAAP related to the issuer's presentation of the fair value and non-fair value amounts of these investments within the same short-term and long-term line items in its balance sheet rather than presenting them as separate line items or parenthetically disclosing the amounts measured at fair value included in the aggregate amounts in conformity with FASB ASC Topic 825 Financial Instruments. (AS 2810.30 and .31) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 12 AS 2810 31 The issuer reported investment securities that were held within various investment funds managed by external parties. The following deficiency was identified: • The firm did not identify and evaluate a departure from GAAP related to the issuer's presentation of the fair value and non-fair value amounts of these investments within the same short-term and long-term line items in its balance sheet rather than presenting them as separate line items or parenthetically disclosing the amounts measured at fair value included in the aggregate amounts in conformity with FASB ASC Topic 825 Financial Instruments. (AS 2810.30 and .31) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 13 AS 2810 30 The issuer reported investment securities that were held within various investment funds managed by external parties. The following deficiency was identified: • The firm did not identify and evaluate another departure from GAAP related to the issuer's inclusion of certain investments within its fair value hierarchy disclosure rather than excluding them in conformity with FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 13 AS 2810 31 The issuer reported investment securities that were held within various investment funds managed by external parties. The following deficiency was identified: • The firm did not identify and evaluate another departure from GAAP related to the issuer's inclusion of certain investments within its fair value hierarchy disclosure rather than excluding them in conformity with FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 14 AS 2810 30 The issuer reported investment securities that were held within various investment funds managed by external parties. The following deficiency was identified: • The firm did not identify and evaluate other departures from GAAP related to the issuer's omission of and/or misstatements in certain disclosures required under FASB ASC Topic 320 Investments – Debt Securities and FASB ASC Topic 820 regarding the nature of these investments and the methods used to determine their fair values. (AS 2810.30 and .31) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 14 AS 2810 31 The issuer reported investment securities that were held within various investment funds managed by external parties. The following deficiency was identified: • The firm did not identify and evaluate other departures from GAAP related to the issuer's omission of and/or misstatements in certain disclosures required under FASB ASC Topic 320 Investments – Debt Securities and FASB ASC Topic 820 regarding the nature of these investments and the methods used to determine their fair values. (AS 2810.30 and .31) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 15 AS 2201 39 The firm did not identify and test any controls that addressed the appropriateness of the expenses included within cost of sales. (AS 2201.39) Triennially Inspected 1487 Grant Thornton Zhitong Certified Public Accountants LLP 2024 China Grant Thornton International Limited 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 16 AS 2301 8 The firm did not perform any procedures to evaluate the appropriateness of the issuer's inclusion of certain compensation expenses within cost of sales. (AS 2301.08) Triennially Inspected 2468 Citrin Cooperman & Company, LLP 2025 United States 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Redeemable Common Stock 1 AS 2301 8 Certain redeemable shares of the issuer's common stock were redeemed during the year. The firm did not perform any procedures to test the redemption price per share of the redeemed shares. (AS 2301.08) Triennially Inspected 2468 Citrin Cooperman & Company, LLP 2025 United States 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Taxes 2 AS 2501 7 The firm did not perform procedures beyond obtaining and reading the issuer's analysis to evaluate the issuer's conclusion that a deferred tax asset valuation allowance was not required including consideration of contradictory evidence. (AS 2501.07; AS 2810.03) Unrelated to our review the issuer reevaluated its accounting for the gross deferred tax asset and the related valuation allowance and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 2468 Citrin Cooperman & Company, LLP 2025 United States 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Taxes 2 AS 2810 3 The firm did not perform procedures beyond obtaining and reading the issuer's analysis to evaluate the issuer's conclusion that a deferred tax asset valuation allowance was not required including consideration of contradictory evidence. (AS 2501.07; AS 2810.03) Unrelated to our review the issuer reevaluated its accounting for the gross deferred tax asset and the related valuation allowance and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 2468 Citrin Cooperman & Company, LLP 2025 United States 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Taxes 3 AS 2810 30 The firm did not identify and evaluate a misstatement in the amount of the gross deferred tax asset disclosed in the financial statements. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for the gross deferred tax asset and the related valuation allowance and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 2468 Citrin Cooperman & Company, LLP 2025 United States 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Taxes 3 AS 2810 31 The firm did not identify and evaluate a misstatement in the amount of the gross deferred tax asset disclosed in the financial statements. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for the gross deferred tax asset and the related valuation allowance and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6006 Moore Assurance S.A.S. 2024 Colombia 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing certain controls over the review of revenue but did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 6006 Moore Assurance S.A.S. 2024 Colombia 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing certain controls over the review of revenue but did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 6006 Moore Assurance S.A.S. 2024 Colombia 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not evaluate the accuracy and completeness of the issuer-produced sales registry from which the firm made its selections for its substantive testing of revenue as the sales registry did not agree to the general ledger. (AS 2301.08) Triennially Inspected 6006 Moore Assurance S.A.S. 2024 Colombia 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 30 The firm did not identify and evaluate a departure from IFRS related to the issuer's recognition of revenue from contract modifications under IFRS 15 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 6006 Moore Assurance S.A.S. 2024 Colombia 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 31 The firm did not identify and evaluate a departure from IFRS related to the issuer's recognition of revenue from contract modifications under IFRS 15 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 6006 Moore Assurance S.A.S. 2024 Colombia 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Work in Progress Fraud Risk 4 AS 2810 30 The issuer recognized revenue over time for certain construction projects and reported work in process for costs incurred that related to satisfied performance obligations of construction contracts. The firm did not identify and evaluate a departure from IFRS related to the issuer's capitalizing these costs as assets instead of expensing them as incurred in accordance with IFRS 15. (AS 2810.30) Triennially Inspected 6006 Moore Assurance S.A.S. 2024 Colombia 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Trade Receivables 5 AS 2310 31 The firm sent positive confirmation requests to customers for trade receivables. No response was received for one customer's confirmation. The firm did not perform sufficient alternative procedures because its procedures were limited to reviewing the invoice and related contract without considering adjustments made to the receivable balance based on contract adjustments. (AS 2310.31) Triennially Inspected 6006 Moore Assurance S.A.S. 2024 Colombia 2025-09-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Accounts Receivables 6 AS 2201 39 The firm did not identify and test any controls that addressed the risks associated with certain other receivables. (AS 2201.39) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 1 AS 2410 14 The issuer entered into various transactions with related parties. The following deficiency was identified: • The firm did not perform procedures to evaluate whether the issuer had properly identified its related parties and relationships and transactions with related parties including evaluating whether an interest-free loan agreement was a transaction with a related party. (AS 2410.14) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 2310 31 The issuer entered into various transactions with related parties. The following deficiency was identified: • The firm did not perform procedures to test related party transactions and balances including the presentation of the transactions in the statement of cash flows beyond sending confirmation requests for the balances and inspecting evidence of cash receipts and payments. Further for certain confirmations that were not returned or that were returned without a response the firm did not perform alternative procedures. (AS 2310.31; AS 2410.12) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 2410 12 The issuer entered into various transactions with related parties. The following deficiency was identified: • The firm did not perform procedures to test related party transactions and balances including the presentation of the transactions in the statement of cash flows beyond sending confirmation requests for the balances and inspecting evidence of cash receipts and payments. Further for certain confirmations that were not returned or that were returned without a response the firm did not perform alternative procedures. (AS 2310.31; AS 2410.12) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 3 AS 2410 17 The issuer entered into various transactions with related parties. The following deficiency was identified: • The firm did not identify and evaluate the issuer's omission of disclosures related to certain related party transactions required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 3 AS 2810 30 The issuer entered into various transactions with related parties. The following deficiency was identified: • The firm did not identify and evaluate the issuer's omission of disclosures related to certain related party transactions required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 3 AS 2810 31 The issuer entered into various transactions with related parties. The following deficiency was identified: • The firm did not identify and evaluate the issuer's omission of disclosures related to certain related party transactions required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 4 AS 2405 7 The issuer entered into various transactions with related parties. The following deficiency was identified: • The firm did not take any action in response to information regarding certain related party transactions that indicated possible illegal acts. (AS 2405.07 and .10) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 4 AS 2405 10 The issuer entered into various transactions with related parties. The following deficiency was identified: • The firm did not take any action in response to information regarding certain related party transactions that indicated possible illegal acts. (AS 2405.07 and .10) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions 5 AS 2301 8 During the year the issuer entered into certain significant transactions. The following deficiency was identified: • The firm did not perform substantive procedures to test whether the issuer's accounting for and presentation of these transactions was in accordance with GAAP. (AS 2301.08) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions 6 AS 2501 7 During the year the issuer entered into certain significant transactions. The following deficiency was identified: • The firm did not perform substantive procedures to test the fair value of certain aspects of these transactions beyond obtaining and testing the mathematical accuracy of the issuer's estimates. (AS 2501.07) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions 7 AS 2810 30 During the year the issuer entered into certain significant transactions. The following deficiency was identified: • The firm did not identify and evaluate the issuer's omission of certain disclosures related to these transactions required by FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions 7 AS 2810 31 During the year the issuer entered into certain significant transactions. The following deficiency was identified: • The firm did not identify and evaluate the issuer's omission of certain disclosures related to these transactions required by FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2301 8 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2301 13 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 8 For certain other revenue the firm did not perform substantive procedures to test whether performance obligations had been satisfied before revenue was recognized beyond obtaining issuer Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 13 For certain other revenue the firm did not perform substantive procedures to test whether performance obligations had been satisfied before revenue was recognized beyond obtaining issuer Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 10 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. For the confirmation requests that were not returned or that were returned without a response the firm did not perform alternative procedures. (AS 2310.31) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 11 AS 2301 41 The firm did not perform procedures to examine material adjustments made to accounts receivable during the course of preparing the financial statements. (AS 2301.41) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 12 AS 2501 7 The firm did not perform any procedures to test the allowance for doubtful accounts. (AS 2501.07) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 13 AS 2810 30 The firm did not identify and evaluate that the issuer did not present an aspect of the statement of cash flows in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 13 AS 2810 31 The firm did not identify and evaluate that the issuer did not present an aspect of the statement of cash flows in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 14 AS 2301 8 The firm did not perform any substantive procedures to test a disclosure related to cash. (AS 2301.08) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 15 AS 2401 61 The firm identified journal entries that met certain criteria and selected certain of those journal entries for testing without having an appropriate rationale. Further the firm did not examine the underlying support for the journal entries. (AS 2401.61) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any substantive procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's accounting for an aspect of this significant account. (AS 2301.08) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 3 AS 1105 4 The issuer reported an estimate related to this significant account. The following deficiency was identified: • The firm did not perform procedures to evaluate the relevance and reliability of information from external sources that the issuer used to develop significant assumptions. (AS 1105.04 and .06) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 3 AS 1105 6 The issuer reported an estimate related to this significant account. The following deficiency was identified: • The firm did not perform procedures to evaluate the relevance and reliability of information from external sources that the issuer used to develop significant assumptions. (AS 1105.04 and .06) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 4 AS 1105 10 The issuer reported an estimate related to this significant account. The following deficiency was identified: • The firm did not perform any procedures to test or test any controls over the accuracy and completeness of issuer-produced information that the issuer used to develop significant assumptions. (AS 1105.10) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 5 AS 2501 16 The issuer reported an estimate related to this significant account. The following deficiency was identified: • The firm did not perform procedures to evaluate the reasonableness of the significant assumptions developed by the issuer beyond testing one input of one of these assumptions. (AS 2501.16) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 6 AS 2301 8 The firm did not evaluate whether certain aspects of the issuer's disclosures related to this significant account were accurate including consideration of contradictory evidence included in the workpapers. (AS 2301.08; AS 2810.03) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 6 AS 2810 3 The firm did not evaluate whether certain aspects of the issuer's disclosures related to this significant account were accurate including consideration of contradictory evidence included in the workpapers. (AS 2301.08; AS 2810.03) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 7 AS 2410 14 The firm did not perform procedures to evaluate whether the issuer had properly identified its related parties and relationships and transactions with related parties. (AS 2410.14) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 8 AS 2410 12 The firm did not perform procedures to test related party transactions and balances beyond confirming the transactions and inspecting evidence of certain cash receipts to and payments from related parties. (AS 2410.12) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Going Concern 9 AS 2301 8 The issuer did not include any disclosures related to its ability to continue as a going concern. Certain conditions and events existed that would indicate substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time. The firm did not perform any procedures to determine whether the issuer's lack of disclosures regarding its ability to continue as a going concern was in conformity with FASB ASC Topic 205 Presentation of Financial Statements. (AS 2301.08) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 10 AS 2401 61 The firm identified journal entries that met certain criteria and selected certain of those journal entries for testing without having an appropriate rationale. Further the firm did not examine the underlying support for the journal entries. (AS 2401.61) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any substantive procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not evaluate the completeness of the issuer's revenue disclosures required by FASB ASC Topic 606. (AS 2301.08) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Transactions 3 AS 2301 8 The firm did not perform substantive procedures to evaluate whether the issuer appropriately accounted for certain significant transactions in accordance with GAAP beyond reading the contractual agreements and inquiring of management. (AS 2301.08) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2024 Singapore 2025-09-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 The firm identified journal entries that met certain criteria and selected certain of those journal entries for testing without having an appropriate rationale. Further the firm did not examine the underlying support for the journal entries. (AS 2401.61) Triennially Inspected 74 S. R. Snodgrass, P.C. 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm's approach to test ACL was to test management's process. The issuer engaged a specialist to prepare a model validation report over the issuer's model to estimate the quantitative component of the ACL. The firm did not test or test controls over the accuracy and completeness of the company-produced data used by the company's specialist in its model validation report. (AS 1105.A8a) Triennially Inspected 74 S. R. Snodgrass, P.C. 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. To determine the qualitative component of the ACL the issuer identified one or more data inputs relevant to each identified qualitative factor and established quantitative ranges for these inputs corresponding with the risk level expected to be assigned to each factor and loan pool. The firm did not perform sufficient procedures to evaluate the reasonableness of the significant assumptions related to the assessed risk levels and related basis points applied to the collateral factor reserves. (AS 2501.16) Triennially Inspected 74 S. R. Snodgrass, P.C. 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2301 8 The issuer utilized a service organization to process its securities transactions. The issuer used an impairment analysis prepared by the service organization to determine whether certain investment securities had credit related impairments. The firm did not perform procedures to test the accuracy of credit ratings used by the service organization in developing the issuer's impairment analysis for these investment securities. (AS 2301.08) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 42 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control that consisted of a review of impairment indicators for goodwill. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 44 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control that consisted of a review of impairment indicators for goodwill. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2201 39 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and test any controls over the issuer's identification of reporting units in accordance with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2201.39) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 A8a The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer engaged a valuation specialist to perform its annual goodwill impairment analysis. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain data from external sources used by the company's specialist to develop a significant assumption. (AS 1105.A8a) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 4 AS 1105 A8b The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer engaged a valuation specialist to perform its annual goodwill impairment analysis. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist beyond inquiry of the company's specialist. (AS 1105.A8b) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1105 A8b The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer engaged a valuation specialist to perform its annual goodwill impairment analysis. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of another significant assumption developed by the company's specialist beyond performing a sensitivity analysis. (AS 1105.A8b) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 6 AS 2501 10 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not sufficiently evaluate whether the method used by the issuer to develop the fair value of its reporting units was in conformity with FASB ASC Topic 350 because the firm did not perform procedures to evaluate the appropriateness of the issuer's identification of its reporting units. (AS 2501.10) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 7 AS 2301 8 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform procedures beyond reviewing the issuer's fourth quarter triggering event assessment to evaluate whether a quantitative assessment was required during the fourth quarter including consideration of contrary evidence included in the firm's audit work papers. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 7 AS 2301 11 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform procedures beyond reviewing the issuer's fourth quarter triggering event assessment to evaluate whether a quantitative assessment was required during the fourth quarter including consideration of contrary evidence included in the firm's audit work papers. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 7 AS 2810 3 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform procedures beyond reviewing the issuer's fourth quarter triggering event assessment to evaluate whether a quantitative assessment was required during the fourth quarter including consideration of contrary evidence included in the firm's audit work papers. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 8 AS 2201 42 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control that consisted of management's review of the issuer's ability to continue as a going concern for a reasonable period of time. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 8 AS 2201 44 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control that consisted of management's review of the issuer's ability to continue as a going concern for a reasonable period of time. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 9 AS 2415 3 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated. The firm did not sufficiently evaluate management's plans as disclosed in the footnotes because it did not (1) assess the likelihood that the issuer could obtain additional funding beyond inquiries of management and review of historical funding and (2) sufficiently test the prospective financial information which was significant to overcoming the adverse conditions and events including consideration of contrary evidence included in the firm's audit work papers. (AS 2415.03 .08 and .09; AS 2810.03) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 9 AS 2415 8 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated. The firm did not sufficiently evaluate management's plans as disclosed in the footnotes because it did not (1) assess the likelihood that the issuer could obtain additional funding beyond inquiries of management and review of historical funding and (2) sufficiently test the prospective financial information which was significant to overcoming the adverse conditions and events including consideration of contrary evidence included in the firm's audit work papers. (AS 2415.03 .08 and .09; AS 2810.03) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 9 AS 2415 9 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated. The firm did not sufficiently evaluate management's plans as disclosed in the footnotes because it did not (1) assess the likelihood that the issuer could obtain additional funding beyond inquiries of management and review of historical funding and (2) sufficiently test the prospective financial information which was significant to overcoming the adverse conditions and events including consideration of contrary evidence included in the firm's audit work papers. (AS 2415.03 .08 and .09; AS 2810.03) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 9 AS 2810 3 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated. The firm did not sufficiently evaluate management's plans as disclosed in the footnotes because it did not (1) assess the likelihood that the issuer could obtain additional funding beyond inquiries of management and review of historical funding and (2) sufficiently test the prospective financial information which was significant to overcoming the adverse conditions and events including consideration of contrary evidence included in the firm's audit work papers. (AS 2415.03 .08 and .09; AS 2810.03) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable Fraud Risk 10 AS 2201 42 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over the reconciliation and/or review of revenue and accounts receivable. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable Fraud Risk 10 AS 2201 44 The firm's post-issuance monitoring program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over the reconciliation and/or review of revenue and accounts receivable. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The firm did not perform any procedures to test the relevance and reliability of certain data obtained from an external vendor used in its substantive testing of revenue. (AS 1105.04 and .06) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The firm did not perform any procedures to test the relevance and reliability of certain data obtained from an external vendor used in its substantive testing of revenue. (AS 1105.04 and .06) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash and Cash Equivalents Fraud Risk 2 AS 2301 8 The firm did not perform any procedures to test the existence of certain cash balances. (AS 2301.08 and .13) Triennially Inspected 324 Macias Gini & O'Connell LLP 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash and Cash Equivalents Fraud Risk 2 AS 2301 13 The firm did not perform any procedures to test the existence of certain cash balances. (AS 2301.08 and .13) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables Fraud Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm selected for testing certain controls over change management and user access but did not test or test any controls over the completeness of the population from which it selected its samples for testing. (AS 1105.10) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm selected for testing certain controls over change management and user access but did not test or test any controls over the completeness of the population from which it selected its samples for testing. (AS 1105.10) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables Fraud Risk 2 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm selected for testing certain controls over change management and user access but did not test or test any controls over the completeness of the population from which it selected its samples for testing. (AS 1105.10) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm did not identify and test controls that addressed the risk that users with the ability to develop changes also have the ability to implement those changes. (AS 2201.39) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm did not identify and test controls that addressed the risk that users with the ability to develop changes also have the ability to implement those changes. (AS 2201.39) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables Fraud Risk 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm did not identify and test controls that addressed the risk that users with the ability to develop changes also have the ability to implement those changes. (AS 2201.39) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm selected for testing a control over logical access to several IT systems but did not test the aspect of this control related to these IT systems. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm selected for testing a control over logical access to several IT systems but did not test the aspect of this control related to these IT systems. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables Fraud Risk 4 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm selected for testing a control over logical access to several IT systems but did not test the aspect of this control related to these IT systems. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm selected for testing a control over logical access to several IT systems but did not test the aspect of this control related to these IT systems. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm selected for testing a control over logical access to several IT systems but did not test the aspect of this control related to these IT systems. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables Fraud Risk 4 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue accounts receivable and unbilled receivables. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. • The firm selected for testing a control over logical access to several IT systems but did not test the aspect of this control related to these IT systems. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 42 For revenue accounts receivable and unbilled receivables the following additional deficiency was identified: · The firm selected for testing certain controls that consisted of the issuer's review of certain aspects of revenue accounts receivable and unbilled receivables. The firm did not perform procedures to evaluate the review procedures the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 For revenue accounts receivable and unbilled receivables the following additional deficiency was identified: · The firm selected for testing certain controls that consisted of the issuer's review of certain aspects of revenue accounts receivable and unbilled receivables. The firm did not perform procedures to evaluate the review procedures the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables Fraud Risk 5 AS 2201 42 For revenue accounts receivable and unbilled receivables the following additional deficiency was identified: · The firm selected for testing certain controls that consisted of the issuer's review of certain aspects of revenue accounts receivable and unbilled receivables. The firm did not perform procedures to evaluate the review procedures the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 44 For revenue accounts receivable and unbilled receivables the following additional deficiency was identified: · The firm selected for testing certain controls that consisted of the issuer's review of certain aspects of revenue accounts receivable and unbilled receivables. The firm did not perform procedures to evaluate the review procedures the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 For revenue accounts receivable and unbilled receivables the following additional deficiency was identified: · The firm selected for testing certain controls that consisted of the issuer's review of certain aspects of revenue accounts receivable and unbilled receivables. The firm did not perform procedures to evaluate the review procedures the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables Fraud Risk 5 AS 2201 44 For revenue accounts receivable and unbilled receivables the following additional deficiency was identified: · The firm selected for testing certain controls that consisted of the issuer's review of certain aspects of revenue accounts receivable and unbilled receivables. The firm did not perform procedures to evaluate the review procedures the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 48 For revenue accounts receivable and unbilled receivables the following additional deficiency was identified: · The firm selected for testing a control over the review of the accuracy of invoices. The firm identified deviations in the operation of this control but did not determine the effect of these deviations on the operating effectiveness of this control. (AS 2201.48) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 48 For revenue accounts receivable and unbilled receivables the following additional deficiency was identified: · The firm selected for testing a control over the review of the accuracy of invoices. The firm identified deviations in the operation of this control but did not determine the effect of these deviations on the operating effectiveness of this control. (AS 2201.48) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables Fraud Risk 6 AS 2201 48 For revenue accounts receivable and unbilled receivables the following additional deficiency was identified: · The firm selected for testing a control over the review of the accuracy of invoices. The firm identified deviations in the operation of this control but did not determine the effect of these deviations on the operating effectiveness of this control. (AS 2201.48) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2301 16 With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2301 16 With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2301 18 With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2301 18 With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2301 37 With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2301 37 With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2315 19 With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2315 19 With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2315 23 With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2315 23 With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2315 23A With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2315 23A With respect to the firm's substantive procedures the following deficiency was identified: · The sample sizes that the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on (1) a level of control reliance that was not supported due to (a) the deficiencies in the firm's control testing discussed above and (b) the firm not obtaining evidence that a control over change management which it selected for testing was operating effectively during the entire period of reliance and (2) an assessment of risk for other substantive tests related to the same assertion that was not supported as the engagement team did not perform any other substantive procedures to test the same assertions. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables Fraud Risk 8 AS 2301 8 With respect to the firm's substantive procedures the following deficiency was identified: · The firm did not perform substantive procedures to test unbilled receivables. (AS 2301.08 and .13) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables Fraud Risk 8 AS 2301 13 With respect to the firm's substantive procedures the following deficiency was identified: · The firm did not perform substantive procedures to test unbilled receivables. (AS 2301.08 and .13) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2501 7 With respect to the firm's substantive procedures the following deficiency was identified: · The firm did not perform substantive procedures to test the allowance for doubtful accounts. (AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 1105 10 With respect to the firm's substantive procedures the following deficiency was identified: · The firm did not perform procedures to test or sufficiently test controls over as discussed above the accuracy and completeness of information and reports that it used in its substantive procedures to test revenue. (AS 1105.10) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 11 AS 2201 39 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not identify and test controls that addressed (1) the reasonableness of the company's specialist's estimate of this liability and (2) the accuracy and completeness of data and reasonableness of assumptions which were developed by the issuer that the company's specialist used to develop the estimate of this liability. (AS 2201.39) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 12 AS 2301 8 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not perform procedures beyond obtaining and reading the issuer's analysis to evaluate whether the issuer's recognition of this liability was appropriate including evaluation of certain contrary information included in its work papers. (AS 2301.08; AS 2810.03) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 12 AS 2810 3 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not perform procedures beyond obtaining and reading the issuer's analysis to evaluate whether the issuer's recognition of this liability was appropriate including evaluation of certain contrary information included in its work papers. (AS 2301.08; AS 2810.03) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1105 A1 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1105 A10 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1105 A2 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1105 A3 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1105 A4 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1105 A5 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1105 A6 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1105 A7 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1105 A8 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1105 A9 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1210 3 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1210 4 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1210 5 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1210 6 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1210 7 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1210 8 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1210 9 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1210 10 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1210 11 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 1210 12 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-Related Liability 13 AS 2501 7 The issuer engaged an external specialist to estimate an insurance-related liability. The firm engaged another specialist to test this liability. The following deficiency was identified: · The firm did not evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not identify that the specialist did not perform substantive procedures to test this liability beyond inquiry and obtaining and reading the report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the (1) company's specialist as audit evidence and (2) auditor-engaged specialist as audit evidence beyond obtaining an independence confirmation and documenting the resolution of an inquiry by the specialist. (AS 1105.A1 - .A10; AS 1210.03 - .12; AS 2501.07) Triennially Inspected 549 Zwick CPA, PLLC 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Warrants 1 AS 2301 8 During the year the issuer issued common stock with warrants. The firm did not perform any procedures to test whether the warrants should have been accounted for as equity or a liability. (AS 2301.08) Triennially Inspected 577 Stowe & Degon LLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Information Technology General Controls 1 AS 2201 62 The issuer used a service organization to process and record transactions to its general ledger. The firm obtained the service auditor's report for this service organization and identified for testing certain complementary user entity controls (CUECs). The firm identified control deficiencies related to certain of these CUECs. The firm did not evaluate the effect of these deficiencies on the issuer's ability to meet control objectives stated in the service auditor's report. (AS 2201.62 and .B22) Triennially Inspected 577 Stowe & Degon LLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Information Technology General Controls 1 AS 2201 B22 The issuer used a service organization to process and record transactions to its general ledger. The firm obtained the service auditor's report for this service organization and identified for testing certain complementary user entity controls (CUECs). The firm identified control deficiencies related to certain of these CUECs. The firm did not evaluate the effect of these deficiencies on the issuer's ability to meet control objectives stated in the service auditor's report. (AS 2201.62 and .B22) Triennially Inspected 577 Stowe & Degon LLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 46 As a result of the deficiencies in ITGC testing discussed above the firm did not sufficiently test whether the information technology (IT) automated application controls and the IT-dependent manual controls it selected for testing over revenue were effective as each control was dependent on the effectiveness of ITGCs. (AS 2201.46) Triennially Inspected 577 Stowe & Degon LLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The issuer used a service organization to provide management reporting related to certain revenue. The firm did not perform any procedures to evaluate whether the issuer implemented the appropriate CUECs as described in the service auditor's report. (AS 2201.39 and .B22) Triennially Inspected 577 Stowe & Degon LLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 B22 The issuer used a service organization to provide management reporting related to certain revenue. The firm did not perform any procedures to evaluate whether the issuer implemented the appropriate CUECs as described in the service auditor's report. (AS 2201.39 and .B22) Triennially Inspected 577 Stowe & Degon LLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 In addition the firm relied upon a report produced by the service organization in its substantive procedures over certain revenue but did not test or identify and test any controls over (as discussed above) the accuracy and completeness of the report. (AS 2301.08 and .13) Triennially Inspected 577 Stowe & Degon LLC 2024 United States 2025-07-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 In addition the firm relied upon a report produced by the service organization in its substantive procedures over certain revenue but did not test or identify and test any controls over (as discussed above) the accuracy and completeness of the report. (AS 2301.08 and .13) Triennially Inspected 577 Stowe & Degon LLC 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For certain revenue items selected for testing the firm did not evaluate whether the performance obligation was satisfied before revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 577 Stowe & Degon LLC 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For certain revenue items selected for testing the firm did not evaluate whether the performance obligation was satisfied before revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 577 Stowe & Degon LLC 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not test the issuer's disclosure of revenue by type beyond tracing the amounts to an issuer-prepared schedule. (AS 2301.08) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 1 AS 1105 4 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm engaged an external specialist to evaluate the reasonableness of certain significant assumptions developed by the company's specialist. The firm did not identify that the auditor-engaged specialist did not evaluate the reliability of data it obtained from external sources and used to evaluate the reasonableness of these significant assumptions and perform additional procedures or request the specialist perform additional procedures to address the issue. (AS 1105.04 and .06; AS 1210.09 and .12) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 1 AS 1105 6 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm engaged an external specialist to evaluate the reasonableness of certain significant assumptions developed by the company's specialist. The firm did not identify that the auditor-engaged specialist did not evaluate the reliability of data it obtained from external sources and used to evaluate the reasonableness of these significant assumptions and perform additional procedures or request the specialist perform additional procedures to address the issue. (AS 1105.04 and .06; AS 1210.09 and .12) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 1 AS 1210 9 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm engaged an external specialist to evaluate the reasonableness of certain significant assumptions developed by the company's specialist. The firm did not identify that the auditor-engaged specialist did not evaluate the reliability of data it obtained from external sources and used to evaluate the reasonableness of these significant assumptions and perform additional procedures or request the specialist perform additional procedures to address the issue. (AS 1105.04 and .06; AS 1210.09 and .12) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 1 AS 1210 12 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm engaged an external specialist to evaluate the reasonableness of certain significant assumptions developed by the company's specialist. The firm did not identify that the auditor-engaged specialist did not evaluate the reliability of data it obtained from external sources and used to evaluate the reasonableness of these significant assumptions and perform additional procedures or request the specialist perform additional procedures to address the issue. (AS 1105.04 and .06; AS 1210.09 and .12) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 2 AS 1105 A10 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because it limited its procedures to inquiry and comparing the assumptions to information within certain other company specialists' reports. Further the firm did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 2 AS 1105 A6 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because it limited its procedures to inquiry and comparing the assumptions to information within certain other company specialists' reports. Further the firm did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 2 AS 1105 A7 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because it limited its procedures to inquiry and comparing the assumptions to information within certain other company specialists' reports. Further the firm did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 2 AS 1105 A8 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because it limited its procedures to inquiry and comparing the assumptions to information within certain other company specialists' reports. Further the firm did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 2 AS 1105 A9 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because it limited its procedures to inquiry and comparing the assumptions to information within certain other company specialists' reports. Further the firm did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 2 AS 2501 16 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because it limited its procedures to inquiry and comparing the assumptions to information within certain other company specialists' reports. Further the firm did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 3 AS 1105 A10 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions developed by the issuer. Specifically the firm developed expectations of these assumptions using in part information in certain other company specialists' reports but did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 3 AS 1105 A6 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions developed by the issuer. Specifically the firm developed expectations of these assumptions using in part information in certain other company specialists' reports but did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 3 AS 1105 A7 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions developed by the issuer. Specifically the firm developed expectations of these assumptions using in part information in certain other company specialists' reports but did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 3 AS 1105 A8 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions developed by the issuer. Specifically the firm developed expectations of these assumptions using in part information in certain other company specialists' reports but did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 3 AS 1105 A9 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions developed by the issuer. Specifically the firm developed expectations of these assumptions using in part information in certain other company specialists' reports but did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 3 AS 2501 16 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions developed by the issuer. Specifically the firm developed expectations of these assumptions using in part information in certain other company specialists' reports but did not perform procedures to evaluate the work of those company specialists. (AS 1105.A6 - .A10; AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 4 AS 2501 16 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to demonstrate that it had a reasonable basis for its expectations of additional significant assumptions the issuer developed because it did not take into account the issuer's written plans or other relevant documentation. (AS 2501.16 and .17) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 4 AS 2501 17 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform sufficient procedures to demonstrate that it had a reasonable basis for its expectations of additional significant assumptions the issuer developed because it did not take into account the issuer's written plans or other relevant documentation. (AS 2501.16 and .17) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 5 AS 2501 16 The issuer engaged specialists to assist in determining the valuation of certain liabilities. The firm's approach for substantively testing these liabilities was to test the issuer's process. The following deficiency which involved two types of significant assumptions applied across multiple locations was identified: · The firm did not perform any procedures to evaluate the reasonableness of other significant assumptions. (AS 2501.16) Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Equity Instruments 1 AS 2810 30 The firm did not identify and evaluate a GAAP departure related to the issuer not reclassifying noncontrolling interests to additional paid in capital upon the exchange of equity instruments that was required by FASB ASC Topic 810 Consolidation. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for the exchange of equity instruments and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 677 Cherry Bekaert LLP 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Equity Instruments 1 AS 2810 31 The firm did not identify and evaluate a GAAP departure related to the issuer not reclassifying noncontrolling interests to additional paid in capital upon the exchange of equity instruments that was required by FASB ASC Topic 810 Consolidation. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for the exchange of equity instruments and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 820 Ramirez Jimenez International CPA's 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer recognized revenue from contracts based on certain inputs. The firm did not perform sufficient procedures to test certain inputs used by the issuer in recognizing revenue as their procedures were limited to comparing the inputs to system-generated reports without performing procedures to test or identify and test controls over the accuracy of those reports. (AS 1105.10) Triennially Inspected 820 Ramirez Jimenez International CPA's 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 16 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Triennially Inspected 820 Ramirez Jimenez International CPA's 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Triennially Inspected 820 Ramirez Jimenez International CPA's 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23A The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Triennially Inspected 820 Ramirez Jimenez International CPA's 2024 United States 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of journal entries that met the criteria. The firm did not perform sufficient procedures to test those journal entries because it limited its procedures to certain entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 820 Ramirez Jimenez International CPA's 2024 United States 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 1 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 820 Ramirez Jimenez International CPA's 2024 United States 2025-07-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 1 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 1024 Yarel + Partners 2024 Israel 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2501 16 The firm did not perform procedures to evaluate the reasonableness of a significant assumption the issuer developed to estimate a significant account beyond comparing the amount to a contract executed in the prior year. (AS 2501.16) Triennially Inspected 1024 Yarel + Partners 2024 Israel 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 2301 8 The firm did not perform procedures beyond inquiry to test the appropriateness of a disclosure related to this significant account. (AS 2301.08) Triennially Inspected 1263 Ernst & Young LLP 2024 Canada Ernst & Young Global Limited 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Investments 1 AS 2810 30 The firm did not identify and evaluate a GAAP departure related to the issuer's classification of distributions received from an equity method investee as investing activities within the statement of cash flows rather than as operating activities considering the nature of the activities that generated the distributions in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its classification of the distributions received from the investee within the statement of cash flows and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the classification of distributions received from its equity method investee within the statement of cash flows and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR. Triennially Inspected 1263 Ernst & Young LLP 2024 Canada Ernst & Young Global Limited 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Investments 1 AS 2810 31 The firm did not identify and evaluate a GAAP departure related to the issuer's classification of distributions received from an equity method investee as investing activities within the statement of cash flows rather than as operating activities considering the nature of the activities that generated the distributions in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its classification of the distributions received from the investee within the statement of cash flows and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the classification of distributions received from its equity method investee within the statement of cash flows and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR. Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2301 8 The issuer engaged an external specialist to assist in testing its long-lived assets for impairment. The firm's approach for substantively testing the impairment analyses was to test the issuer's process. The firm used an auditor-employed specialist to assist in testing these analyses. The following deficiency was identified: · The firm did not test whether the issuer compared the fair value of each asset group to the carrying value of each asset group in determining that none of the asset groups were impaired. (AS 2301.08) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 1105 A8a The issuer engaged an external specialist to assist in testing its long-lived assets for impairment. The firm's approach for substantively testing the impairment analyses was to test the issuer's process. The firm used an auditor-employed specialist to assist in testing these analyses. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist did not (1) perform procedures beyond reviewing sensitivity analyses prepared by the company's specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist (2) perform any procedures to evaluate the reasonableness of a significant assumption developed by the issuer (3) perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions because it limited its procedures to comparing these assumptions to historical and recent experience but did not evaluate the significant differences between the assumptions and the historical and recent experience (4) evaluate the relevance and reliability of certain external data the company's specialist used to develop these significant assumptions and (5) test the accuracy and completeness of the issuer-produced information used by the company's specialist and perform additional procedures or request the specialist perform additional procedures to address the issues. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 1105 A8b The issuer engaged an external specialist to assist in testing its long-lived assets for impairment. The firm's approach for substantively testing the impairment analyses was to test the issuer's process. The firm used an auditor-employed specialist to assist in testing these analyses. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist did not (1) perform procedures beyond reviewing sensitivity analyses prepared by the company's specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist (2) perform any procedures to evaluate the reasonableness of a significant assumption developed by the issuer (3) perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions because it limited its procedures to comparing these assumptions to historical and recent experience but did not evaluate the significant differences between the assumptions and the historical and recent experience (4) evaluate the relevance and reliability of certain external data the company's specialist used to develop these significant assumptions and (5) test the accuracy and completeness of the issuer-produced information used by the company's specialist and perform additional procedures or request the specialist perform additional procedures to address the issues. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 1201 C6 The issuer engaged an external specialist to assist in testing its long-lived assets for impairment. The firm's approach for substantively testing the impairment analyses was to test the issuer's process. The firm used an auditor-employed specialist to assist in testing these analyses. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist did not (1) perform procedures beyond reviewing sensitivity analyses prepared by the company's specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist (2) perform any procedures to evaluate the reasonableness of a significant assumption developed by the issuer (3) perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions because it limited its procedures to comparing these assumptions to historical and recent experience but did not evaluate the significant differences between the assumptions and the historical and recent experience (4) evaluate the relevance and reliability of certain external data the company's specialist used to develop these significant assumptions and (5) test the accuracy and completeness of the issuer-produced information used by the company's specialist and perform additional procedures or request the specialist perform additional procedures to address the issues. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 1201 C7 The issuer engaged an external specialist to assist in testing its long-lived assets for impairment. The firm's approach for substantively testing the impairment analyses was to test the issuer's process. The firm used an auditor-employed specialist to assist in testing these analyses. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist did not (1) perform procedures beyond reviewing sensitivity analyses prepared by the company's specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist (2) perform any procedures to evaluate the reasonableness of a significant assumption developed by the issuer (3) perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions because it limited its procedures to comparing these assumptions to historical and recent experience but did not evaluate the significant differences between the assumptions and the historical and recent experience (4) evaluate the relevance and reliability of certain external data the company's specialist used to develop these significant assumptions and (5) test the accuracy and completeness of the issuer-produced information used by the company's specialist and perform additional procedures or request the specialist perform additional procedures to address the issues. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2501 16 The issuer engaged an external specialist to assist in testing its long-lived assets for impairment. The firm's approach for substantively testing the impairment analyses was to test the issuer's process. The firm used an auditor-employed specialist to assist in testing these analyses. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist did not (1) perform procedures beyond reviewing sensitivity analyses prepared by the company's specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist (2) perform any procedures to evaluate the reasonableness of a significant assumption developed by the issuer (3) perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions because it limited its procedures to comparing these assumptions to historical and recent experience but did not evaluate the significant differences between the assumptions and the historical and recent experience (4) evaluate the relevance and reliability of certain external data the company's specialist used to develop these significant assumptions and (5) test the accuracy and completeness of the issuer-produced information used by the company's specialist and perform additional procedures or request the specialist perform additional procedures to address the issues. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2301 8 The issuer recorded an adjustment to long-lived assets but the firm did not perform any substantive procedures to test the adjustment. (AS 2301.08) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2301 8 The issuer capitalized expenditures for a long-lived asset. The firm selected certain additions for testing but did not perform any procedures to determine whether these additions qualified for capitalization including for one selection evaluating contradictory evidence in the work papers. (AS 2301.08; AS 2810.03) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 3 The issuer capitalized expenditures for a long-lived asset. The firm selected certain additions for testing but did not perform any procedures to determine whether these additions qualified for capitalization including for one selection evaluating contradictory evidence in the work papers. (AS 2301.08; AS 2810.03) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 To test revenue the firm selected a sample of transactions. The following deficiency was identified: · The firm did not perform any procedures to test or test any controls over the completeness of the issuer-prepared reports from which it selected transactions for testing. (AS 1105.10). Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 To test revenue the firm selected a sample of transactions. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer had satisfied its performance obligations prior to recognizing certain revenue because it limited its procedures to obtaining issuer-produced documents and/or cash receipts for a selection of transactions. (AS 2301.08 and .13) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 13 To test revenue the firm selected a sample of transactions. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer had satisfied its performance obligations prior to recognizing certain revenue because it limited its procedures to obtaining issuer-produced documents and/or cash receipts for a selection of transactions. (AS 2301.08 and .13) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 1 AS 2301 8 The firm's substantive procedures to test revenue and deferred revenue included testing a selection of transactions. The firm did not perform procedures beyond obtaining issuer-produced information to test these revenue transactions. (AS 2301.08 and .13) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 1 AS 2301 13 The firm's substantive procedures to test revenue and deferred revenue included testing a selection of transactions. The firm did not perform procedures beyond obtaining issuer-produced information to test these revenue transactions. (AS 2301.08 and .13) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 2 AS 1105 10 The firm did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected transactions for testing. (AS 1105.10). Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 3 AS 2501 7 The issuer reported certain investment securities at fair value. The firm did not perform substantive procedures to test the fair value of these investments beyond comparing the recorded fair value to the record keepers' reports and inquiring of the record keepers. (AS 2501.07) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 4 AS 2301 8 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these securities within the fair value hierarchy set forth in FASB ASC Topic 820 Fair Value Measurement. (AS 2301.08) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Transactions 5 AS 2301 8 The firm did not perform substantive procedures to evaluate whether the issuer's presentation and disclosure of certain transactions was in conformity with FASB ASC Topic 205 Presentation of Financial Statements beyond obtaining and reading the issuer's analysis which did not support that the presentation and disclosure of these transactions was in conformity with FASB ASC Topic 205. (AS 2301.08) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Variable Interest Entities 1 AS 1105 A10 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and its shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and its shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not (1) evaluate that the legal opinion was approximately six months old (2) evaluate the nature of the limitations described in the legal opinion and (3) perform additional procedures to address these matters. (AS 1105.A9 and .A10) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Variable Interest Entities 1 AS 1105 A9 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and its shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and its shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not (1) evaluate that the legal opinion was approximately six months old (2) evaluate the nature of the limitations described in the legal opinion and (3) perform additional procedures to address these matters. (AS 1105.A9 and .A10) Triennially Inspected 5035 Shandong Haoxin Certified Public Accountants Co., Ltd 2024 China 2025-07-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 89 Rosenberg Rich Baker Berman, P.A. 2024 United States 2025-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2301 8 During the year the issuer made purchases and sales of certain intangible assets and recognized the related activity in its statements of operations and cash flows. The firm did not perform substantive procedures to test these purchases and sales beyond obtaining issuer-produced reports. (AS 2301.08) Triennially Inspected 89 Rosenberg Rich Baker Berman, P.A. 2024 United States 2025-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 2 AS 2810 17 The firm identified uncorrected misstatements in certain disclosures in the current year audit. The firm did not evaluate whether these uncorrected misstatements were material individually or in combination with other misstatements. (AS 2810.17) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm selected for testing certain controls that included the review of revenue. The following deficiency was identified: · For certain revenue the firm did not identify and test any controls over the timing of the revenue recognition. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm selected for testing certain controls that included the review of revenue. The following deficiency was identified: · For one control the firm did not perform procedures to test or test any controls over the completeness of the report from which it selected its sample for testing the control. (AS 1105.10). Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The firm selected for testing certain controls that included the review of revenue. The following deficiency was identified: · For certain other controls the firm did not identify and test any controls over the accuracy and completeness of certain reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2501 16 The following deficiency was identified with respect to the firm's substantive testing of revenue: · For certain revenue the firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used by the issuer in its estimate of revenue recognition. (AS 2501.16) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 1105 10 The following deficiency was identified with respect to the firm's substantive testing of revenue: · For a certain revenue disclosure the firm did not perform procedures to test or test any controls over the accuracy and completeness of the system-generated report used by the firm to test the disclosure. (AS 1105.10) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record long-lived assets and related transactions including certain systems maintained by external service organizations. In its testing of controls over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 7 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record long-lived assets and related transactions including certain systems maintained by external service organizations. In its testing of controls over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm did not identify and test any controls over the approval of access for new employees to these IT systems. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 8 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record long-lived assets and related transactions including certain systems maintained by external service organizations. In its testing of controls over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain system-generated reports used in the firm's testing of access for active and terminated employees to certain of the issuer's IT systems. (AS 1105.10) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record long-lived assets and related transactions including certain systems maintained by external service organizations. In its testing of controls over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a review control designed to ensure that access levels are appropriate. The firm did not evaluate the specific procedures performed by the control owners to evaluate whether access continued to be appropriate. (AS 2201.42 and .44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record long-lived assets and related transactions including certain systems maintained by external service organizations. In its testing of controls over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a review control designed to ensure that access levels are appropriate. The firm did not evaluate the specific procedures performed by the control owners to evaluate whether access continued to be appropriate. (AS 2201.42 and .44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 10 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record long-lived assets and related transactions including certain systems maintained by external service organizations. In its testing of controls over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: · The firm selected for testing a change management control over one of the IT systems. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections to test this control. (AS 1105.10) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 11 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record long-lived assets and related transactions including certain systems maintained by external service organizations. In its testing of controls over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: · The firm selected for testing a change management control over one of the IT systems. The firm did not identify and test any controls over certain configuration changes to the system. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 12 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record long-lived assets and related transactions including certain systems maintained by external service organizations. In its testing of controls over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: · The firm did not identify and test any change management controls over one of the other IT systems. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 13 AS 2201 42 The firm obtained service organization reports on internal controls related to certain of the issuer's IT systems. The firm did not sufficiently test the relevant complementary user entity controls given the deficiencies identified above in testing ITGCs. (AS 2201.42 .44 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 13 AS 2201 44 The firm obtained service organization reports on internal controls related to certain of the issuer's IT systems. The firm did not sufficiently test the relevant complementary user entity controls given the deficiencies identified above in testing ITGCs. (AS 2201.42 .44 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 13 AS 2201 B22 The firm obtained service organization reports on internal controls related to certain of the issuer's IT systems. The firm did not sufficiently test the relevant complementary user entity controls given the deficiencies identified above in testing ITGCs. (AS 2201.42 .44 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 14 AS 2201 42 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · For a control over impairment testing the firm used the results of its substantive testing as evidence that this control was operating effectively. The firm's procedures did not provide sufficient appropriate audit evidence because the firm did not directly test the review procedures that the control owner performed. (AS 2201.42 .44 and .B9) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 14 AS 2201 44 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · For a control over impairment testing the firm used the results of its substantive testing as evidence that this control was operating effectively. The firm's procedures did not provide sufficient appropriate audit evidence because the firm did not directly test the review procedures that the control owner performed. (AS 2201.42 .44 and .B9) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 14 AS 2201 B9 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · For a control over impairment testing the firm used the results of its substantive testing as evidence that this control was operating effectively. The firm's procedures did not provide sufficient appropriate audit evidence because the firm did not directly test the review procedures that the control owner performed. (AS 2201.42 .44 and .B9) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 15 AS 2201 39 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of data used in the operation of the control. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 16 AS 2201 42 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · For a control over the allocation of purchase price for long-lived assets acquired as a group the firm used the results of its substantive audit procedures as evidence of the effectiveness of the control. The firm did not evaluate the specific review procedures performed by the control owner to evaluate the methods and assumptions used by the issuer-engaged specialist in the purchase price allocation. (AS 2201.42 .44 and .B9) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 16 AS 2201 44 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · For a control over the allocation of purchase price for long-lived assets acquired as a group the firm used the results of its substantive audit procedures as evidence of the effectiveness of the control. The firm did not evaluate the specific review procedures performed by the control owner to evaluate the methods and assumptions used by the issuer-engaged specialist in the purchase price allocation. (AS 2201.42 .44 and .B9) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 16 AS 2201 B9 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · For a control over the allocation of purchase price for long-lived assets acquired as a group the firm used the results of its substantive audit procedures as evidence of the effectiveness of the control. The firm did not evaluate the specific review procedures performed by the control owner to evaluate the methods and assumptions used by the issuer-engaged specialist in the purchase price allocation. (AS 2201.42 .44 and .B9) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 17 AS 2201 39 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of a certain issuer listing used in the operation of the control. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 18 AS 2201 42 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · For a control over useful lives the firm did not evaluate the specific review procedures that the control owner performed to evaluate the useful lives of the assets. (AS 2201.42 and .44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 18 AS 2201 44 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · For a control over useful lives the firm did not evaluate the specific review procedures that the control owner performed to evaluate the useful lives of the assets. (AS 2201.42 and .44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 19 AS 2201 39 The firm also selected for testing certain review controls over long-lived assets and related transactions. The following deficiency was identified: · For a control over asset-related disclosures in the financial statements the firm did not identify and test any controls over the accuracy of reports and schedules used in the operation of the control beyond testing one control over the useful life data discussed above. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 20 AS 2201 39 The firm did not identify and test any controls over the issuer's classification of certain long-lived assets. (AS 2201.39) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For two of the POS applications the firm did not perform any procedures to test these controls. (AS 2201.42 and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For two of the POS applications the firm did not perform any procedures to test these controls. (AS 2201.42 and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For the other POS applications the firm did not: · perform any procedures to test that the access to change the configuration was appropriately restricted; · identify and test the controls for all of the discount types that were applied to the issuer's sales transactions; and · perform sufficient procedures to determine that certain of the designated access levels were the only designations that allowed for approval of sales discounts because the procedures were limited to testing one level of access. (AS 2201.42 and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For the other POS applications the firm did not: · perform any procedures to test that the access to change the configuration was appropriately restricted; · identify and test the controls for all of the discount types that were applied to the issuer's sales transactions; and · perform sufficient procedures to determine that certain of the designated access levels were the only designations that allowed for approval of sales discounts because the procedures were limited to testing one level of access. (AS 2201.42 and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 47 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For restaurant sales the following deficiency was identified: · The firm performed certain dual-purpose testing for its substantive testing and its testing of the operating effectiveness of certain related controls: - The firm did not achieve the objectives of both the test of controls and the substantive test because the sampling unit and attributes tested were not the same. (AS 2301.47) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 16 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For restaurant sales the following deficiency was identified: · The firm performed certain dual-purpose testing for its substantive testing and its testing of the operating effectiveness of certain related controls: - The sample size the firm used was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not (1) take into account tolerable misstatement and the allowable risk of incorrect acceptance and (2) use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For restaurant sales the following deficiency was identified: · The firm performed certain dual-purpose testing for its substantive testing and its testing of the operating effectiveness of certain related controls: - The sample size the firm used was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not (1) take into account tolerable misstatement and the allowable risk of incorrect acceptance and (2) use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For restaurant sales the following deficiency was identified: • The firm performed certain dual-purpose testing for its substantive testing and its testing of the operating effectiveness of certain related controls: o The sample size the firm used was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not (1) take into account tolerable misstatement and the allowable risk of incorrect acceptance and (2) use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 44 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For restaurant sales the following deficiency was identified: • The firm performed certain dual-purpose testing for its substantive testing and its testing of the operating effectiveness of certain related controls: o The sample size the firm used was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not (1) take into account tolerable misstatement and the allowable risk of incorrect acceptance and (2) use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For restaurant sales the following deficiency was identified: • The firm performed certain dual-purpose testing for its substantive testing and its testing of the operating effectiveness of certain related controls: o The sample size the firm used was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not (1) take into account tolerable misstatement and the allowable risk of incorrect acceptance and (2) use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For restaurant sales the following deficiency was identified: • The firm selected a sample of restaurant sales transactions to perform a test of details; however the firm did not perform any procedures to test revenue recognition for certain of the sampled items. (AS 2301.08 and .13) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 13 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For restaurant sales the following deficiency was identified: • The firm selected a sample of restaurant sales transactions to perform a test of details; however the firm did not perform any procedures to test revenue recognition for certain of the sampled items. (AS 2301.08 and .13) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 1105 10 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. For restaurant sales the following deficiency was identified: • The firm did not perform procedures to test or test any controls over the accuracy and completeness of the lists and reports it used in selecting its samples and in performing its testing of restaurant sales. (AS 1105.10) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2305 13 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. The firm's primary substantive procedures to test franchise royalty revenue were analytical procedures. The following deficiency was identified: • The firm did not perform procedures to determine whether certain assumptions it used in developing its expectation for revenue were based on predictable relationships. (AS 2305.13 and .14) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2305 14 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. The firm's primary substantive procedures to test franchise royalty revenue were analytical procedures. The following deficiency was identified: • The firm did not perform procedures to determine whether certain assumptions it used in developing its expectation for revenue were based on predictable relationships. (AS 2305.13 and .14) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2305 17 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. The firm's primary substantive procedures to test franchise royalty revenue were analytical procedures. The following deficiency was identified: • The expectation the firm used was not sufficiently precise in identifying material misstatements because the firm did not sufficiently disaggregate the data it used in its procedure to address important factors such as the number of franchisees and differences between franchisee sales and company-owned sales. (AS 2305.17) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2810 30 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and 31) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2810 31 The issuer used multiple point-of-sale (POS) applications to initiate and process revenue transactions. The firm selected for testing two controls related to the automated calculation of sales discounts and the review of those discounts by designated individuals with certain access levels. The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and 31) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 10 AS 2201 39 The firm did not identify and test any controls over the issuer's accounts receivable. (AS 2201.39) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 11 AS 2201 42 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm selected for testing a control over the issuer's review of the fair value analyses associated with the acquired assets and assumed liabilities. For the control selected the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the assumptions. (AS 2201.42 and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 11 AS 2201 44 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm selected for testing a control over the issuer's review of the fair value analyses associated with the acquired assets and assumed liabilities. For the control selected the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the assumptions. (AS 2201.42 and .44) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 12 AS 2201 39 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm did not identify and test any controls over the prospective financial information developed by the issuer and used by the company's specialist to determine the fair value of certain intangible assets acquired. (AS 2201.39) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 13 AS 2301 8 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm did not perform any procedures to test the existence of the fixed assets acquired. (AS 2301.08 and .11) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 13 AS 2301 11 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm did not perform any procedures to test the existence of the fixed assets acquired. (AS 2301.08 and .11) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 14 AS 1105 A8c During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • For the valuation of fixed assets the firm did not perform sufficient procedures to evaluate whether the methods used by the company's specialist were appropriate. Specifically the firm did not evaluate whether the data and significant assumptions were appropriately applied under the applicable reporting framework. (AS 1105.A8c) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 15 AS 1105 A8b During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • For the valuation of certain intangible assets the firm did not perform procedures to test the financial projections including taking into account the issuer's intent and ability to carry out the projections used in determining the fair values beyond tracing the projections for certain years to issuer-prepared schedules or comparing them to certain historical financial statements. (AS 1105.A8b; AS 2501.16 and .17) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 15 AS 2501 16 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • For the valuation of certain intangible assets the firm did not perform procedures to test the financial projections including taking into account the issuer's intent and ability to carry out the projections used in determining the fair values beyond tracing the projections for certain years to issuer-prepared schedules or comparing them to certain historical financial statements. (AS 1105.A8b; AS 2501.16 and .17) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 15 AS 2501 17 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • For the valuation of certain intangible assets the firm did not perform procedures to test the financial projections including taking into account the issuer's intent and ability to carry out the projections used in determining the fair values beyond tracing the projections for certain years to issuer-prepared schedules or comparing them to certain historical financial statements. (AS 1105.A8b; AS 2501.16 and .17) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 16 AS 1105 A8a During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The company's specialists used certain external data in developing the assumptions used in the valuation of certain acquired intangible assets. The firm did not perform any procedures to evaluate the relevance and reliability of the data used. (AS 1105.A8a) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 17 AS 1105 A8b During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialists in the valuation of certain acquired assets and assumed liabilities. (AS 1105.A8b) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 18 AS 1105 A8b During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the reasonableness of certain other significant assumptions developed by the company's specialists in the valuation of certain acquired assets and assumed liabilities because its procedures were limited to comparing the assumption to either (1) external data (without evaluating the relevance and reliability of the data as noted above) (2) the same assumption used to value another acquired asset or (3) issuer-prepared schedules. (AS 1105.A8b) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 19 AS 1105 4 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm did not perform any procedures to evaluate the relevance and reliability of certain data the firm used to evaluate the reasonableness of certain components of another significant assumption developed by the company's specialist in its valuation of certain acquired assets. (AS 1105.04 and .06) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 19 AS 1105 6 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm did not perform any procedures to evaluate the relevance and reliability of certain data the firm used to evaluate the reasonableness of certain components of another significant assumption developed by the company's specialist in its valuation of certain acquired assets. (AS 1105.04 and .06) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 20 AS 1105 A10 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the relevance and reliability of one of the company's specialists' work related to certain assumed liabilities because it did not evaluate the restriction the specialist placed on the intended users of the report and perform additional procedures to address the matter. (AS 1105.A9 and .A10) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 20 AS 1105 A9 During the year the issuer completed a business combination and engaged multiple specialists to determine the fair value of certain acquired assets including acquired intangible assets and certain assumed liabilities. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the relevance and reliability of one of the company's specialists' work related to certain assumed liabilities because it did not evaluate the restriction the specialist placed on the intended users of the report and perform additional procedures to address the matter. (AS 1105.A9 and .A10) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 21 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 805 Business Combinations. (AS 2810.30 and 31) Triennially Inspected 494 Schechter Dokken Kanter Andrews & Selcer Ltd. 2024 United States 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 21 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 805 Business Combinations. (AS 2810.30 and 31) Triennially Inspected 1253 KPMG SA 2024 France KPMG International Cooperative 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm selected for testing a control over one revenue stream that consisted of the issuer's reconciliation of revenue data between the billing system and general ledger system. The firm did not identify and test any controls over the accuracy and completeness of the information used in the operation of this control. (AS 2201.39) Triennially Inspected 1253 KPMG SA 2024 France KPMG International Cooperative 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm selected for testing other controls over this revenue stream that consisted of the issuer's reconciliation of (1) revenue data between the general ledger system and one of its financial reporting systems and (2) revenue data among certain financial reporting systems. The firm did not sufficiently test the operating effectiveness of these controls because it did not evaluate how identified deficiencies in certain systems interface controls between these systems could impact the operating effectiveness of the revenue reconciliation controls. (AS 2201.44) Triennially Inspected 1253 KPMG SA 2024 France KPMG International Cooperative 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm selected for testing a control over another revenue stream that consisted of the issuer's (1) review of customer contracts in excess of a specified threshold and (2) determination as to whether the revenue from the selected contracts was recognized in conformity with the relevant accounting standard. The firm did not evaluate whether the threshold used in the control could effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 1253 KPMG SA 2024 France KPMG International Cooperative 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2305 17 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm's substantive procedures to test certain revenue included performing substantive analytical procedures. The expectations the firm used were not sufficiently precise to identify differences that could be potential material misstatements individually or in the aggregate because the firm did not disaggregate the data used to develop the expectations to address important factors that have an effect on the recognition of the revenue. (AS 2305.17) Triennially Inspected 1253 KPMG SA 2024 France KPMG International Cooperative 2025-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 8 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm did not perform substantive procedures to test certain other revenue beyond (1) examining customer invoices produced by the issuer for a sample of revenue transactions (2) verifying the mathematical accuracy of those invoices and reconciling the total invoiced amounts to the general ledger and (3) obtaining customer contracts for the selected revenue transactions and summarizing certain terms of those contracts. (AS 2301.08) Triennially Inspected 1253 KPMG SA 2024 France KPMG International Cooperative 2025-06-26T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2301 8 The firm did not perform substantive procedures to (1) test the existence and cost of certain inventory and (2) evaluate whether inventory was recorded at the lower of cost or net realizable value. (AS 2301.08) Triennially Inspected 1253 KPMG SA 2024 France KPMG International Cooperative 2025-06-26T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 7 The firm did not perform substantive procedures to evaluate the reasonableness of the allowance for slow moving inventory. (AS 2501.07) Triennially Inspected 1253 KPMG SA 2024 France KPMG International Cooperative 2025-06-26T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 The firm identified fraud criteria for purposes of identifying and selecting journal entries for testing and communicated to the principal auditor that its audit procedures would include an examination of all journal entries and other adjustments that met these criteria. In identifying and selecting journal entries that met the criteria the firm did not perform sufficient procedures to test those journal entries because it excluded certain journal entries from testing without having an appropriate rationale for their exclusion. (AS 2401.61) Triennially Inspected 1381 KAP Purwantono, Sungkoro & Surja 2024 Indonesia Ernst & Young Global Limited 2025-06-26T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Certain Assets 1 AS 2201 42 The firm selected for testing a control over certain assets that consisted of the issuer's review of the assets including their presentation and disclosure in the financial statements. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the presentation and disclosure of these assets. (AS 2201.42 and .44) Triennially Inspected 1381 KAP Purwantono, Sungkoro & Surja 2024 Indonesia Ernst & Young Global Limited 2025-06-26T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Certain Assets 1 AS 2201 44 The firm selected for testing a control over certain assets that consisted of the issuer's review of the assets including their presentation and disclosure in the financial statements. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the presentation and disclosure of these assets. (AS 2201.42 and .44) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2024 United States 2025-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 The firm did not identify and evaluate that the issuer's recognition of revenue was not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2024 United States 2025-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2024 United States 2025-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2024 United States 2025-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 2301 8 The firm did not perform procedures to evaluate whether the issuer performed an assessment of certain assets for recoverability when the firm was aware of events or changes in circumstances that existed and indicated that the carrying value may not be recoverable. (AS 2301.08; AS 2810.03) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2024 United States 2025-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 2810 3 The firm did not perform procedures to evaluate whether the issuer performed an assessment of certain assets for recoverability when the firm was aware of events or changes in circumstances that existed and indicated that the carrying value may not be recoverable. (AS 2301.08; AS 2810.03) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2024 United States 2025-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a disclosure related to these assets required by GAAP. (AS 2810.30 and .31) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2024 United States 2025-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a disclosure related to these assets required by GAAP. (AS 2810.30 and .31) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2024 United States 2025-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Significant Risk 5 AS 2401 58 The firm did not perform procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2024 United States 2025-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2301 8 The firm did not perform procedures to test the appropriateness of the issuer's accounting for certain changes to a significant account beyond obtaining external invoices. (AS 2301.08) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2024 United States 2025-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 58 The firm did not perform procedures to test the appropriateness of the issuer's accounting for certain changes to a significant account beyond obtaining external invoices. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2501 16 The firm's approach for substantively testing the reserve for excess and obsolete (E&O) inventory was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of a significant assumption the issuer used to develop the E&O reserve beyond reading an issuer-prepared memorandum. (AS 2501.16) Unrelated to our review the issuer reevaluated its accounting for its inventory and concluded that material misstatements existed that had not been previously identified. The issuer corrected these misstatements in a restatement of its financial statements in a subsequent filing. Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 11 The issuer performed cycle counts of the majority of its inventory. The firm did not perform sufficient substantive procedures to test this inventory because the firm did not evaluate the methodology and selection parameters used by the issuer or perform other procedures to determine whether the issuer's cycle-count procedures were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 1 AS 2201 39 The issuer determined its excess and obsolete (E&O) reserve for certain inventory based in part on a calculation of the amount of this inventory it expected to use to manufacture certain products. The firm did not identify and test any controls over this calculation. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test this E&O reserve was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test this E&O reserve was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test this E&O reserve was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test this E&O reserve was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test this E&O reserve was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test this E&O reserve was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 2501 16 The firm's approach for substantively testing the E&O reserve was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions the issuer used to develop the E&O reserve because the firm did not perform procedures beyond inquiring of management to evaluate certain significant differences between these assumptions and the issuer's recent experience. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 4 AS 2301 8 The firm did not perform any substantive procedures to test the unit cost of certain categories of inventory. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 5 AS 2310 28 The issuer held certain inventory at locations owned by external parties. The firm performed confirmation procedures to test the existence of this inventory but did not maintain control over the confirmation requests because the issuer sent the requests. (AS 2310.28) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2201 42 With respect to certain of the issuer's inventory disclosures the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its financial statement disclosures but did not test the aspect of the control that addressed the accuracy and completeness of the issuer-prepared schedules used to prepare these inventory disclosures. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2201 44 With respect to certain of the issuer's inventory disclosures the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its financial statement disclosures but did not test the aspect of the control that addressed the accuracy and completeness of the issuer-prepared schedules used to prepare these inventory disclosures. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 7 AS 1105 10 With respect to certain of the issuer's inventory disclosures the following deficiencies were identified: · The firm used these issuer-prepared schedules in its substantive testing of these inventory disclosures but did not test or sufficiently test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 8 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of a significant assumption used to develop a reserve for certain customer discounts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of this assumption. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 8 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of a significant assumption used to develop a reserve for certain customer discounts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of this assumption. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 39 The issuer's ACL included reserves for loans collectively evaluated for impairment and for loans individually evaluated for impairment. For loans that were collectively evaluated for impairment the issuer estimated quantitative qualitative and economic reserve components. The following deficiencies were identified: · The issuer assigned a loan risk rating to its commercial loans. The loan risk rating was an important input in estimating the ACL and determining whether a loan would be individually or collectively evaluated for impairment. The firm did not identify and test any controls over the assignment of the loan risk rating to a certain population of these loans. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1201 C6 The issuer's ACL included reserves for loans collectively evaluated for impairment and for loans individually evaluated for impairment. For loans that were collectively evaluated for impairment the issuer estimated quantitative qualitative and economic reserve components. The following deficiencies were identified: · The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not identify that the auditor-employed specialist did not evaluate the reasonableness of the significant assumptions that the issuer used to develop the quantitative and economic reserve components. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1201 C7 The issuer's ACL included reserves for loans collectively evaluated for impairment and for loans individually evaluated for impairment. For loans that were collectively evaluated for impairment the issuer estimated quantitative qualitative and economic reserve components. The following deficiencies were identified: · The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not identify that the auditor-employed specialist did not evaluate the reasonableness of the significant assumptions that the issuer used to develop the quantitative and economic reserve components. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2501 16 The issuer's ACL included reserves for loans collectively evaluated for impairment and for loans individually evaluated for impairment. For loans that were collectively evaluated for impairment the issuer estimated quantitative qualitative and economic reserve components. The following deficiencies were identified: · The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not identify that the auditor-employed specialist did not evaluate the reasonableness of the significant assumptions that the issuer used to develop the quantitative and economic reserve components. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2501 16 The issuer's ACL included reserves for loans collectively evaluated for impairment and for loans individually evaluated for impairment. For loans that were collectively evaluated for impairment the issuer estimated quantitative qualitative and economic reserve components. The following deficiencies were identified: · The firm's approach for substantively testing the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not evaluate the reasonableness of the significant assumptions related to the qualitative factors that the issuer used to develop the qualitative reserve component. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2501 10 The issuer's ACL included reserves for loans collectively evaluated for impairment and for loans individually evaluated for impairment. For loans that were collectively evaluated for impairment the issuer estimated quantitative qualitative and economic reserve components. The following deficiencies were identified: · The firm did not sufficiently evaluate whether the methods the issuer used to develop the ACL were in conformity with the requirements of GAAP because it did not evaluate whether the issuer's economic reserve component was duplicative of a portion of the qualitative reserve component that also related to economic conditions. (AS 2501.10) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 1105 4 The issuer's ACL included reserves for loans collectively evaluated for impairment and for loans individually evaluated for impairment. For loans that were collectively evaluated for impairment the issuer estimated quantitative qualitative and economic reserve components. The following deficiencies were identified: · The firm did not evaluate the relevance of certain external data the issuer used in developing the economic reserve and the qualitative reserve. (AS 1105.04 and .06) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 1105 6 The issuer's ACL included reserves for loans collectively evaluated for impairment and for loans individually evaluated for impairment. For loans that were collectively evaluated for impairment the issuer estimated quantitative qualitative and economic reserve components. The following deficiencies were identified: · The firm did not evaluate the relevance of certain external data the issuer used in developing the economic reserve and the qualitative reserve. (AS 1105.04 and .06) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 1 AS 1105 10 The firm used certain issuer-produced data in its substantive testing of one type of revenue and the related deferred revenue but did not test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm used certain issuer-produced data in its substantive testing of one type of revenue and the related deferred revenue but did not test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain required disclosures related to revenue under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to revenue and determined that certain disclosures were omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain required disclosures related to revenue under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to revenue and determined that certain disclosures were omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain required disclosures related to revenue under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to revenue and determined that certain disclosures were omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain required disclosures related to revenue under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to revenue and determined that certain disclosures were omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Payroll Expenses 3 AS 2305 16 The firm's substantive procedures to test payroll expenses included performing substantive analytical procedures. The firm used employee headcount information produced by a service organization to develop its expectations but did not evaluate the reliability of this information. (AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm's substantive procedures to test two types of revenue included selecting a sample of transactions for testing. The following deficiencies were identified: · For one of these revenue types the issuer recognized revenue for certain of these transactions based on labor hours recorded in the issuer's time system. The firm did not perform procedures to test the appropriateness of the labor hours allocated to these transactions. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm's substantive procedures to test two types of revenue included selecting a sample of transactions for testing. The following deficiencies were identified: · For both of these revenue types the firm did not evaluate whether the issuer was acting as a principal or as an agent for these transactions. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 1105 10 The firm used various system-generated reports and issuer-prepared schedules in its substantive testing of certain of the issuer's revenue and related disclosures but did not test or test any controls over the accuracy and/or completeness of these reports and schedules. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Pension Liabilities 4 AS 1105 A8a The issuer provided a company's specialist with certain demographic and employment data that were used to estimate the issuer's projected benefit obligation. The firm did not perform sufficient procedures to test the accuracy and completeness of these data because it (1) did not test the accuracy of certain important data attributes for the participants selected for testing and (2) limited its completeness procedures to testing whether certain participants were appropriately removed from the data. (AS 1105.A8a) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The firm used issuer-prepared schedules in its substantive testing of certain revenue disclosures but did not perform procedures to test or test any controls over the accuracy and/or completeness of these schedules. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 16 The firm's substantive procedures to test revenue included performing substantive analytical procedures. The firm used certain issuer-produced production volume data to develop its expectations but did not sufficiently test or test any controls over the accuracy and completeness of the production volume data because the firm's procedures were limited to comparing the production volume data to other issuer-produced data which were used to derive revenue. (AS 2305.16) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Liabilities 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of its earnout liability which is a provision for contingent payments. The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of the method data and assumptions used in the valuation of the earnout liability. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over its earnout liability and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Liabilities 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of its earnout liability which is a provision for contingent payments. The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of the method data and assumptions used in the valuation of the earnout liability. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over its earnout liability and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Liabilities 2 AS 2501 10 The firm's approach for substantively testing the fair value of the earnout liability was to test the issuer's process. The firm recalculated the issuer's estimate using a software audit tool. The firm did not perform sufficient substantive procedures to evaluate the method used by the issuer because it did not test the functionality of this tool. (AS 2501.10) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Liabilities 3 AS 1105 10 The firm did not test or sufficiently test controls over the accuracy of certain data that the issuer used to calculate the earnout liability. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 4 AS 2201 39 The firm did not identify and test any controls over segment reporting. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over segment reporting and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 5 AS 2301 8 The firm did not perform substantive procedures to evaluate whether the issuer's determination of its reportable segments was in conformity with FASB ASC Topic 280 Segment Reporting beyond reading an issuer-prepared memorandum. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of manual journal entries. The firm did not identify and test any controls over the completeness of a system-generated report used in the operation of this control. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over journal entries and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2501 7 The issuer recognized revenue from certain contracts over time by estimating its progress toward completion. The firm did not perform procedures to test this revenue beyond inspecting the contract and inquiring of project managers for a sample of contracts. (AS 2501.07) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 606 Revenue from Contracts with Customers related to the method used to recognize revenue for one type of revenue. (AS 2810.30 and .31) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 606 Revenue from Contracts with Customers related to the method used to recognize revenue for one type of revenue. (AS 2810.30 and .31) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 8 The firm did not perform any procedures to test the existence of certain inventory. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 210 Balance Sheet related to major classes of inventory. (AS 2810.30 and .31) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 210 Balance Sheet related to major classes of inventory. (AS 2810.30 and .31) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The issuer calculated a reserve for excess and obsolete inventory by applying established percentages to each inventory aging category. The following deficiencies were identified: · The firm selected for testing a control over the issuer's review of the reserve for excess and obsolete inventory. The firm did not identify and test any controls over the accuracy of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 1105 10 The issuer calculated a reserve for excess and obsolete inventory by applying established percentages to each inventory aging category. The following deficiencies were identified: · The firm used these data in its substantive procedures but did not perform any procedures to test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm selected for testing a control that included the issuer's review of journal entries related to inventory. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 8 The firm did not perform any substantive procedures to test certain adjustments the issuer made to its inventory. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2201 39 The firm did not identify and test any controls related to the issuer's evaluation of long-lived assets for possible impairment. (AS 2201.39) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized certain revenue based on customer usage data which was produced by one of the issuer's information technology (IT) systems. The firm did not perform procedures to test these data beyond comparing these data to information derived from this IT system. (AS 2301.08 and .13) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized certain revenue based on customer usage data which was produced by one of the issuer's information technology (IT) systems. The firm did not perform procedures to test these data beyond comparing these data to information derived from this IT system. (AS 2301.08 and .13) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics. For certain of these fraud characteristics the firm did not perform any procedures to identify journal entries that had these characteristics. (AS 2401.61) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 8 The issuer recognized revenue from certain contracts over time using an input method based on the labor hours incurred or number of users. The firm did not perform substantive procedures to test whether the issuer satisfied its performance obligations before recognizing this revenue beyond comparing the number of users and labor hours incurred to issuer-produced reports. (AS 2301.08 and .13) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 13 The issuer recognized revenue from certain contracts over time using an input method based on the labor hours incurred or number of users. The firm did not perform substantive procedures to test whether the issuer satisfied its performance obligations before recognizing this revenue beyond comparing the number of users and labor hours incurred to issuer-produced reports. (AS 2301.08 and .13) Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Business Combination 1 AS 2810 30 During the year the issuer acquired a business. The firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 805 Business Combinations related to the amounts of revenue and earnings of the acquired business since the acquisition date. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to this business combination and determined that certain disclosures were omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Annually Inspected 659 Moss Adams LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Business Combination 1 AS 2810 31 During the year the issuer acquired a business. The firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 805 Business Combinations related to the amounts of revenue and earnings of the acquired business since the acquisition date. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to this business combination and determined that certain disclosures were omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 68 The firm selected for testing two controls over the issuer's determination of the ACL. The issuer used certain system-generated reports that it obtained from an application that was hosted by a service organization in the performance of these controls. The firm obtained the service auditor's report for this service organization and identified certain complementary user controls related to user access that the service auditor's report described as necessary. The firm identified control deficiencies in its testing of these complementary user controls and selected for testing a compensating control that consisted of the issuer's review of user access. The firm did not identify and test any controls over the accuracy and completeness of the user population used in the operation of this compensating control. (AS 2201.68) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 2 AS 2201 42 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using certain qualitative factors. The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process. The following deficiencies were identified: · The firm tested one of the issuer's controls over the determination of the ACL during an interim period. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of certain significant assumptions related to the qualitative factors. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 2 AS 2201 44 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using certain qualitative factors. The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process. The following deficiencies were identified: · The firm tested one of the issuer's controls over the determination of the ACL during an interim period. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of certain significant assumptions related to the qualitative factors. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 3 AS 2201 55 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using certain qualitative factors. The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process. The following deficiencies were identified: · The firm tested one of the issuer's controls over the determination of the ACL during an interim period. The firm did not perform procedures to update the results of its testing from the interim date to year end. (AS 2201.55) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 4 AS 2501 16 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using certain qualitative factors. The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process. The following deficiencies were identified: · The firm did not evaluate whether the issuer had a reasonable basis for certain significant assumptions related to the qualitative factors. (AS 2501.16) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 39 The firm did not identify and test any controls over the issuer's determination of the categorization of its available-for-sale (AFS) securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. (AS 2201.39) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the fair values of a sample of AFS securities. The firm did not assess whether the extent and timing of the issuer's review was sufficient to address the risks of material misstatement. Further the firm did not evaluate whether the items identified for follow up by the control owner were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the fair values of a sample of AFS securities. The firm did not assess whether the extent and timing of the issuer's review was sufficient to address the risks of material misstatement. Further the firm did not evaluate whether the items identified for follow up by the control owner were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2301 16 The sample size the firm used in its substantive procedures to test the fair values of these securities was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2301 18 The sample size the firm used in its substantive procedures to test the fair values of these securities was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2301 37 The sample size the firm used in its substantive procedures to test the fair values of these securities was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2315 19 The sample size the firm used in its substantive procedures to test the fair values of these securities was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2315 23 The sample size the firm used in its substantive procedures to test the fair values of these securities was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2315 23A The sample size the firm used in its substantive procedures to test the fair values of these securities was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reviews of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions used to develop the ACL. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reviews of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions used to develop the ACL. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2501 16 The issuer estimated the ACL using various significant assumptions. The firm did not evaluate whether the issuer had a reasonable basis for certain significant assumptions it used. (AS 2501.16) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The firm selected for testing a control that included the issuer's reviews of certain assumptions used to estimate the quantitative component of the ACL. In evaluating the design of this control the firm did not evaluate whether a threshold that the control owner used to identify items for investigation was sufficiently precise to detect material misstatements. (AS 2201.42) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 42 The firm selected for testing a control that included the issuer's reviews of certain assumptions used to estimate the quantitative component of the ACL. In evaluating the design of this control the firm did not evaluate the specific review procedures that the control owner performed to evaluate the relevance of external information used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 44 The firm selected for testing a control that included the issuer's reviews of certain assumptions used to estimate the quantitative component of the ACL. In evaluating the design of this control the firm did not evaluate the specific review procedures that the control owner performed to evaluate the relevance of external information used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 1105 4 The firm did not perform sufficient substantive procedures to evaluate the reasonableness of certain significant assumptions the issuer used to estimate the ACL because the firm did not evaluate (1) whether the assumptions were consistent with other external factors including economic conditions and (2) the relevance of certain market information the issuer used. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 1105 6 The firm did not perform sufficient substantive procedures to evaluate the reasonableness of certain significant assumptions the issuer used to estimate the ACL because the firm did not evaluate (1) whether the assumptions were consistent with other external factors including economic conditions and (2) the relevance of certain market information the issuer used. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2501 16 The firm did not perform sufficient substantive procedures to evaluate the reasonableness of certain significant assumptions the issuer used to estimate the ACL because the firm did not evaluate (1) whether the assumptions were consistent with other external factors including economic conditions and (2) the relevance of certain market information the issuer used. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Fraud Risk 1 AS 2201 39 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not identify and test any controls over certain assets acquired and liabilities assumed as of the acquisition date. (AS 2201.39) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Fraud Risk 2 AS 1105 A8a During the year the issuer acquired a business. The following deficiencies were identified: · The issuer engaged a specialist to determine the fair values of certain acquired assets as of the acquisition date. The firm did not perform procedures to test or test controls over the accuracy of certain issuer-produced data used by the company's specialist to determine the fair values of these assets. (AS 1105.A8a) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 55 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm selected for testing a control that included the issuer's reviews of loan risk ratings and tested the control at an interim date. The firm did not perform procedures to update the results of its testing from the interim date to year end. (AS 2201.55) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing a control that included the issuer's review of the fair values of acquired assets and the related significant assumptions. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain of these significant assumptions. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing a control that included the issuer's review of the fair values of acquired assets and the related significant assumptions. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain of these significant assumptions. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2201 39 During the year the issuer acquired a business. The firm selected for testing a control that included the issuer's review of the fair values of acquired assets and the related significant assumptions. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of this control. (AS 2201.39) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2201 42 The firm also selected for testing a control that included the issuer's review of the loan risk ratings assigned to the acquired loans. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these loan risk ratings. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2201 44 The firm also selected for testing a control that included the issuer's review of the loan risk ratings assigned to the acquired loans. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these loan risk ratings. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2201 39 The firm also selected for testing a control that included the issuer's review of the loan risk ratings assigned to the acquired loans. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of this control. (AS 2201.39) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Business Combination Significant Risk 6 AS 2201 39 The firm did not identify and test any controls over the completeness and existence of the assets acquired and the liabilities assumed at the acquisition date. (AS 2201.39) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Notes Receivable Significant Risk 1 AS 1105 A8b The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer engaged specialists to assist the issuer in estimating the amount of certain notes receivable and collectability of these notes receivable at year-end using various significant assumptions. The firm's approach for testing these notes receivable was to review and test the issuer's process. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists beyond comparing certain of these assumptions to assumptions used in a prior year. (AS 1105.A8b) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Notes Receivable Significant Risk 2 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer engaged specialists to assist the issuer in estimating the amount of certain notes receivable and collectability of these notes receivable at year-end using various significant assumptions. The firm's approach for testing these notes receivable was to review and test the issuer's process. The following deficiencies were identified: · The firm's approach for evaluating the reasonableness of another assumption was to develop an expectation of this assumption. The firm did not test or test any controls over the accuracy and completeness of the data produced by the issuer that the firm used to develop its expectation. (AS 1105.10) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Notes Receivable Significant Risk 3 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer engaged specialists to assist the issuer in estimating the amount of certain notes receivable and collectability of these notes receivable at year-end using various significant assumptions. The firm's approach for testing these notes receivable was to review and test the issuer's process. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate another assumption the company's specialist used. The firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of certain external information used by the company's specialist. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Notes Receivable Significant Risk 3 AS 1201 C6 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer engaged specialists to assist the issuer in estimating the amount of certain notes receivable and collectability of these notes receivable at year-end using various significant assumptions. The firm's approach for testing these notes receivable was to review and test the issuer's process. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate another assumption the company's specialist used. The firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of certain external information used by the company's specialist. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Notes Receivable Significant Risk 3 AS 1201 C7 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer engaged specialists to assist the issuer in estimating the amount of certain notes receivable and collectability of these notes receivable at year-end using various significant assumptions. The firm's approach for testing these notes receivable was to review and test the issuer's process. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate another assumption the company's specialist used. The firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of certain external information used by the company's specialist. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 1105 4 During the year the issuer completed a business combination and issued a convertible note. The following deficiencies were identified: · The firm capitalized transaction costs related to the business combination and the convertible note issuance. The firm did not (1) evaluate whether the issuer's capitalization of these costs was in conformity with FASB ASC Topic 805 Business Combinations and (2) evaluate the reliability of certain external information it used to test these costs. (AS 1105.04 and .06; AS 2301.08) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Debt 1 AS 1105 4 During the year the issuer completed a business combination and issued a convertible note. The following deficiencies were identified: · The firm capitalized transaction costs related to the business combination and the convertible note issuance. The firm did not (1) evaluate whether the issuer's capitalization of these costs was in conformity with FASB ASC Topic 805 Business Combinations and (2) evaluate the reliability of certain external information it used to test these costs. (AS 1105.04 and .06; AS 2301.08) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 1105 6 During the year the issuer completed a business combination and issued a convertible note. The following deficiencies were identified: · The firm capitalized transaction costs related to the business combination and the convertible note issuance. The firm did not (1) evaluate whether the issuer's capitalization of these costs was in conformity with FASB ASC Topic 805 Business Combinations and (2) evaluate the reliability of certain external information it used to test these costs. (AS 1105.04 and .06; AS 2301.08) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Debt 1 AS 1105 6 During the year the issuer completed a business combination and issued a convertible note. The following deficiencies were identified: · The firm capitalized transaction costs related to the business combination and the convertible note issuance. The firm did not (1) evaluate whether the issuer's capitalization of these costs was in conformity with FASB ASC Topic 805 Business Combinations and (2) evaluate the reliability of certain external information it used to test these costs. (AS 1105.04 and .06; AS 2301.08) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2301 8 During the year the issuer completed a business combination and issued a convertible note. The following deficiencies were identified: · The firm capitalized transaction costs related to the business combination and the convertible note issuance. The firm did not (1) evaluate whether the issuer's capitalization of these costs was in conformity with FASB ASC Topic 805 Business Combinations and (2) evaluate the reliability of certain external information it used to test these costs. (AS 1105.04 and .06; AS 2301.08) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Debt 1 AS 2301 8 During the year the issuer completed a business combination and issued a convertible note. The following deficiencies were identified: · The firm capitalized transaction costs related to the business combination and the convertible note issuance. The firm did not (1) evaluate whether the issuer's capitalization of these costs was in conformity with FASB ASC Topic 805 Business Combinations and (2) evaluate the reliability of certain external information it used to test these costs. (AS 1105.04 and .06; AS 2301.08) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2301 8 During the year the issuer completed a business combination and issued a convertible note. The following deficiencies were identified: · The convertible note included embedded features that required bifurcation in accordance with FASB ASC Topic 815 Derivatives and Hedging. The firm did not perform any procedures to determine the fair value of these embedded features beyond asserting the value was not material as the probability of occurrence of the associated contingent events was remote. (AS 2301.08) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 2301 8 During the year the issuer completed a business combination and issued a convertible note. The following deficiencies were identified: · The convertible note included embedded features that required bifurcation in accordance with FASB ASC Topic 815 Derivatives and Hedging. The firm did not perform any procedures to determine the fair value of these embedded features beyond asserting the value was not material as the probability of occurrence of the associated contingent events was remote. (AS 2301.08) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 8 The issuer tracked certain of its inventory in a system that was hosted by a service organization. The firm used information from this system in its testing of this inventory but did not perform any procedures to evaluate the reliability of this information. (AS 2301.08) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2305 13 The firm's substantive procedures to test certain inventory included performing substantive analytical procedures. The firm did not determine whether the expectations it used in these substantive analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2305 14 The firm's substantive procedures to test certain inventory included performing substantive analytical procedures. The firm did not determine whether the expectations it used in these substantive analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Fraud Risk 1 AS 2310 31 For certain accounts receivable the firm sent positive confirmation requests to the issuer's customers and received no responses. The firm did not perform alternative procedures that provided sufficient appropriate audit evidence that these balances represented valid receivable balances as of the confirmation date. (AS 2310.31) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Fraud Risk 2 AS 2301 8 For certain accounts receivable the firm sent positive confirmation requests to the issuer's customers and received no responses. The firm did not perform alternative procedures that provided sufficient appropriate audit evidence that these balances represented valid receivable balances as of the confirmation date. (AS 2310.31) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Fraud Risk 2 AS 2301 13 For certain accounts receivable the firm sent positive confirmation requests to the issuer's customers and received no responses. The firm did not perform alternative procedures that provided sufficient appropriate audit evidence that these balances represented valid receivable balances as of the confirmation date. (AS 2310.31) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2510 12 The firm's substantive procedures to test certain unbilled receivables included selecting a sample of customer balances for testing. The firm did not perform procedures to determine whether the performance obligation had been satisfied when revenue was recognized. (AS 2301.08 and .13) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2301 8 The firm did not perform procedures beyond inquiry to test the amounts relieved from inventory and recorded in cost of goods sold. (AS 2301.08) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the calculation of gross premiums earned and unearned premiums. The control owner utilized system queries in performing its review. The firm's testing of this control was not sufficient because its procedures were limited to inquiring of the control owner and reviewing query parameters for reasonableness. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Unearned Premiums Fraud Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the calculation of gross premiums earned and unearned premiums. The control owner utilized system queries in performing its review. The firm's testing of this control was not sufficient because its procedures were limited to inquiring of the control owner and reviewing query parameters for reasonableness. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the calculation of gross premiums earned and unearned premiums. The control owner utilized system queries in performing its review. The firm's testing of this control was not sufficient because its procedures were limited to inquiring of the control owner and reviewing query parameters for reasonableness. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Unearned Premiums Fraud Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the calculation of gross premiums earned and unearned premiums. The control owner utilized system queries in performing its review. The firm's testing of this control was not sufficient because its procedures were limited to inquiring of the control owner and reviewing query parameters for reasonableness. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm did not identify and test any controls that addressed the risk that revenue was recognized from policies with premiums that were deemed uncollectible. (AS 2201.39) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Unearned Premiums Fraud Risk 2 AS 2201 39 The firm did not identify and test any controls that addressed the risk that revenue was recognized from policies with premiums that were deemed uncollectible. (AS 2201.39) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Insurance Reserves Fraud Risk 3 AS 2201 42 The firm selected for testing a control that included the transfer of certain insurance reserve data from one system to another system. The firm did not test the accuracy and completeness of the transfer of these data. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Insurance Reserves Fraud Risk 3 AS 2201 44 The firm selected for testing a control that included the transfer of certain insurance reserve data from one system to another system. The firm did not test the accuracy and completeness of the transfer of these data. (AS 2201.42 and .44) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2305 16 The firm's substantive procedures to test revenue consisted of performing substantive analytical procedures and for certain revenue tests of details. The following deficiencies were identified: · The firm used certain data in its substantive analytical procedures but did not test or test any controls over the accuracy and completeness of these data. (AS 2305.16) Annually Inspected 686 Forvis Mazars, LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm's substantive procedures to test revenue consisted of performing substantive analytical procedures and for certain revenue tests of details. The following deficiencies were identified: · The firm's tests of details for certain revenue included recalculating revenue for a sample of revenue transactions. The firm did not perform procedures to test or test controls over the accuracy and completeness of certain issuer-produced information it used to recalculate this revenue. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2301 8 The firm performed independent test counts of inventory after year end. The following deficiencies were identified: · The firm did not compare the inventory listing it used to perform its substantive procedures to the recorded balance. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 12 The firm performed independent test counts of inventory after year end. The following deficiencies were identified: · The firm did not apply tests of intervening transactions in inventory between year end and the date of its test counts. (AS 2510.12) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 8 The firm's substantive procedures to test the unit cost of inventory consisted of (1) selecting a sample of raw materials for testing and (2) testing the issuer's process for allocating labor and overhead costs to inventory. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the raw materials cost because its procedures were limited to comparing the recorded cost to supporting documentation for the most recent purchase. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 10 The firm's substantive procedures to test the unit cost of inventory consisted of (1) selecting a sample of raw materials for testing and (2) testing the issuer's process for allocating labor and overhead costs to inventory. The following deficiencies were identified: · The firm did not perform procedures to test or test controls over the accuracy and completeness of certain issuer-produced information that it used in its testing of the allocated labor and overhead costs. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2501 16 The firm's substantive procedures to test the unit cost of inventory consisted of (1) selecting a sample of raw materials for testing and (2) testing the issuer's process for allocating labor and overhead costs to inventory. The following deficiencies were identified: · The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain significant assumptions used by the issuer to allocate overhead costs. (AS 2501.16) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2301 8 The firm's substantive procedures to test the unit cost of inventory consisted of (1) selecting a sample of raw materials for testing and (2) testing the issuer's process for allocating labor and overhead costs to inventory. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether inventory was recorded at the lower of cost or net realizable value. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 2501 7 The firm did not perform any substantive procedures to test the issuer's reserve for excess and obsolete inventory. (AS 2501.07) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 8 AS 1105 10 The firm's substantive procedures to test revenue included selecting samples of transactions for testing. The following deficiencies were identified: · The firm did not perform procedures to test or test controls over the completeness of the populations it used to make its selections. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 8 The firm's substantive procedures to test revenue included selecting samples of transactions for testing. The following deficiencies were identified: · The issuer recognized certain of this revenue upon (1) delivery and customer acceptance of products or (2) completion of its services. For certain selections the firm did not perform procedures to test whether (1) the customer had accepted the products or (2) the issuer had completed its services. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 13 The firm's substantive procedures to test revenue included selecting samples of transactions for testing. The following deficiencies were identified: · The issuer recognized certain of this revenue upon (1) delivery and customer acceptance of products or (2) completion of its services. For certain selections the firm did not perform procedures to test whether (1) the customer had accepted the products or (2) the issuer had completed its services. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 10 AS 1201 C6 During the year the issuer entered into a merger agreement which included provisions for contingent payments to the sellers upon the satisfaction of certain criteria. The following deficiencies were identified: · The firm's approach to substantively test the fair value of one of these provisions consisted of developing an independent expectation using an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a significant assumption it developed. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 10 AS 1201 C7 During the year the issuer entered into a merger agreement which included provisions for contingent payments to the sellers upon the satisfaction of certain criteria. The following deficiencies were identified: · The firm's approach to substantively test the fair value of one of these provisions consisted of developing an independent expectation using an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a significant assumption it developed. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 10 AS 2501 22 During the year the issuer entered into a merger agreement which included provisions for contingent payments to the sellers upon the satisfaction of certain criteria. The following deficiencies were identified: · The firm's approach to substantively test the fair value of one of these provisions consisted of developing an independent expectation using an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a significant assumption it developed. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 11 AS 2301 8 During the year the issuer entered into a merger agreement which included provisions for contingent payments to the sellers upon the satisfaction of certain criteria. The following deficiencies were identified: · The firm did not perform any other procedures to evaluate the issuer's accounting for and presentation and disclosure of this provision. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 11 AS 2301 11 During the year the issuer entered into a merger agreement which included provisions for contingent payments to the sellers upon the satisfaction of certain criteria. The following deficiencies were identified: · The firm did not perform any other procedures to evaluate the issuer's accounting for and presentation and disclosure of this provision. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 12 AS 2810 30 During the year the issuer entered into a merger agreement which included provisions for contingent payments to the sellers upon the satisfaction of certain criteria. The following deficiencies were identified: · For another provision the firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 718 Compensation—Stock Compensation related to the nature and terms of the provision and the potential effects of the provision on shareholders. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 12 AS 2810 31 During the year the issuer entered into a merger agreement which included provisions for contingent payments to the sellers upon the satisfaction of certain criteria. The following deficiencies were identified: · For another provision the firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 718 Compensation—Stock Compensation related to the nature and terms of the provision and the potential effects of the provision on shareholders. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized revenue from certain arrangements as single performance obligations satisfied at a point in time. The firm selected a sample of these revenue transactions for testing. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not evaluate (1) the issuer's identification of the customers in these arrangements and (2) whether the issuer was acting as a principal or as an agent. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized revenue from certain arrangements as single performance obligations satisfied at a point in time. The firm selected a sample of these revenue transactions for testing. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not evaluate (1) the issuer's identification of the customers in these arrangements and (2) whether the issuer was acting as a principal or as an agent. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized revenue from certain arrangements as single performance obligations satisfied at a point in time. The firm selected a sample of these revenue transactions for testing. The following deficiencies were identified: · The firm did not perform procedures to test whether the performance obligations had been satisfied before revenue was recognized beyond comparing the transactions selected for testing to an issuer-produced report. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized revenue from certain arrangements as single performance obligations satisfied at a point in time. The firm selected a sample of these revenue transactions for testing. The following deficiencies were identified: · The firm did not perform procedures to test whether the performance obligations had been satisfied before revenue was recognized beyond comparing the transactions selected for testing to an issuer-produced report. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not sufficiently evaluate whether the issuer's accounting for certain other transactions as revenue was appropriate because it did not evaluate whether one or more of the scope exceptions under FASB ASC Topic 606 were applicable. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm did not sufficiently evaluate whether the issuer's accounting for certain other transactions as revenue was appropriate because it did not evaluate whether one or more of the scope exceptions under FASB ASC Topic 606 were applicable. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 1201 C6 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 1201 C7 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 2501 25 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1105 4 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the relevance of data from external sources it used to develop the independent expectation as a range. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1105 6 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the relevance of data from external sources it used to develop the independent expectation as a range. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1201 C6 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the relevance of data from external sources it used to develop the independent expectation as a range. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1201 C7 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the relevance of data from external sources it used to develop the independent expectation as a range. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 6 AS 1105 A8b The issuer engaged a specialist to perform an assessment of an intangible asset for possible impairment. The firm's approach to substantively test this assessment was to test the issuer's process with the assistance of an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 6 AS 1201 C6 The issuer engaged a specialist to perform an assessment of an intangible asset for possible impairment. The firm's approach to substantively test this assessment was to test the issuer's process with the assistance of an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 6 AS 1201 C7 The issuer engaged a specialist to perform an assessment of an intangible asset for possible impairment. The firm's approach to substantively test this assessment was to test the issuer's process with the assistance of an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 7 AS 2501 16 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included significant assumptions developed by the issuer that were also used in the issuer's intangible asset impairment assessment discussed above. The firm did not sufficiently evaluate the reasonableness of these significant assumptions including taking into account the issuer's intent and ability to carry out these assumptions because its procedures were limited to inquiring of management and comparing these assumptions to historical financial information and written plans. Further the firm did not evaluate certain significant differences between the issuer's historical experience and these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 7 AS 2501 16 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included significant assumptions developed by the issuer that were also used in the issuer's intangible asset impairment assessment discussed above. The firm did not sufficiently evaluate the reasonableness of these significant assumptions including taking into account the issuer's intent and ability to carry out these assumptions because its procedures were limited to inquiring of management and comparing these assumptions to historical financial information and written plans. Further the firm did not evaluate certain significant differences between the issuer's historical experience and these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 7 AS 2501 17 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included significant assumptions developed by the issuer that were also used in the issuer's intangible asset impairment assessment discussed above. The firm did not sufficiently evaluate the reasonableness of these significant assumptions including taking into account the issuer's intent and ability to carry out these assumptions because its procedures were limited to inquiring of management and comparing these assumptions to historical financial information and written plans. Further the firm did not evaluate certain significant differences between the issuer's historical experience and these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 7 AS 2501 17 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included significant assumptions developed by the issuer that were also used in the issuer's intangible asset impairment assessment discussed above. The firm did not sufficiently evaluate the reasonableness of these significant assumptions including taking into account the issuer's intent and ability to carry out these assumptions because its procedures were limited to inquiring of management and comparing these assumptions to historical financial information and written plans. Further the firm did not evaluate certain significant differences between the issuer's historical experience and these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 8 AS 2301 8 The firm did not perform procedures to test the issuer's income tax provision and deferred tax accounts because its procedures were limited to inquiring of management and comparing forecasted taxable income to historical financial information and written plans. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recorded certain revenue based on transactions that occurred on applications maintained by external parties. The following deficiencies were identified: · For two types of revenue the firm did not perform substantive procedures to evaluate whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recorded certain revenue based on transactions that occurred on applications maintained by external parties. The following deficiencies were identified: · For two types of revenue the firm did not perform substantive procedures to evaluate whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2310 26 The issuer recorded certain revenue based on transactions that occurred on applications maintained by external parties. The following deficiencies were identified: · To test a third type of revenue the firm sent positive confirmation requests to the external parties that maintained the applications. The firm's confirmation procedures were not sufficient because the firm did not consider whether the external parties would have the information necessary to confirm that the issuer's performance obligations had been satisfied. (AS 2310.26) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2310 31 The issuer recorded certain revenue based on transactions that occurred on applications maintained by external parties. The following deficiencies were identified: · To test a third type of revenue the firm sent positive confirmation requests to the external parties that maintained the applications. For the items for which the requested confirmations were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of revenue were accurate as of the confirmation date. (AS 2310.31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 1105 10 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not perform procedures to test or test controls over the accuracy and completeness of (1) historical financial information the firm used in evaluating the reasonableness of the significant assumptions related to forecasted cash flows and (2) the carrying value of certain asset groups. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 4 AS 1105 10 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not perform procedures to test or test controls over the accuracy and completeness of (1) historical financial information the firm used in evaluating the reasonableness of the significant assumptions related to forecasted cash flows and (2) the carrying value of certain asset groups. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1105 A8b The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of intangible assets and goodwill the firm did not (1) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist or (2) identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of a component of another significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 5 AS 1105 A8b The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of intangible assets and goodwill the firm did not (1) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist or (2) identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of a component of another significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1201 C6 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of intangible assets and goodwill the firm did not (1) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist or (2) identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of a component of another significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 5 AS 1201 C6 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of intangible assets and goodwill the firm did not (1) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist or (2) identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of a component of another significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1201 C7 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of intangible assets and goodwill the firm did not (1) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist or (2) identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of a component of another significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 5 AS 1201 C7 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of intangible assets and goodwill the firm did not (1) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist or (2) identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of a component of another significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 6 AS 2501 16 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of intangible assets and goodwill for one reporting unit the firm did not sufficiently evaluate the reasonableness of significant assumptions developed by the issuer related to forecasted cash flows because its procedures were limited to (1) comparing the assumptions for one forecasted period to historical experience and (2) reviewing new revenue contracts that represented a small percentage of forecasted revenue. (AS 2501.16) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 6 AS 2501 16 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of intangible assets and goodwill for one reporting unit the firm did not sufficiently evaluate the reasonableness of significant assumptions developed by the issuer related to forecasted cash flows because its procedures were limited to (1) comparing the assumptions for one forecasted period to historical experience and (2) reviewing new revenue contracts that represented a small percentage of forecasted revenue. (AS 2501.16) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 7 AS 1105 4 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of certain intangible assets and goodwill for another reporting unit the firm did not evaluate the relevance and reliability of certain industry information it used in evaluating the reasonableness of the significant assumptions related to forecasted cash flows. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 7 AS 1105 4 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of certain intangible assets and goodwill for another reporting unit the firm did not evaluate the relevance and reliability of certain industry information it used in evaluating the reasonableness of the significant assumptions related to forecasted cash flows. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 7 AS 1105 6 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of certain intangible assets and goodwill for another reporting unit the firm did not evaluate the relevance and reliability of certain industry information it used in evaluating the reasonableness of the significant assumptions related to forecasted cash flows. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Asset Significant Risk 7 AS 1105 6 The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · For the assessments of certain intangible assets and goodwill for another reporting unit the firm did not evaluate the relevance and reliability of certain industry information it used in evaluating the reasonableness of the significant assumptions related to forecasted cash flows. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Financial Statement Presentation 8 AS 2301 8 During the year the issuer disposed of two business units. The firm did not perform sufficient procedures to evaluate whether these business units should have been reported as discontinued operations in conformity with FASB ASC Topic 205 Presentation of Financial Statements because it did not consider certain information in evaluating whether the discontinued operations represented a strategic shift. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used multiple service organizations to host and/or maintain an information-technology (IT) system that the issuer used to initiate process and record transactions related to revenue and related accounts inventory and long-lived assets at certain business units. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) discussed below the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 46 The issuer used multiple service organizations to host and/or maintain an information-technology (IT) system that the issuer used to initiate process and record transactions related to revenue and related accounts inventory and long-lived assets at certain business units. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) discussed below the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 46 The issuer used multiple service organizations to host and/or maintain an information-technology (IT) system that the issuer used to initiate process and record transactions related to revenue and related accounts inventory and long-lived assets at certain business units. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) discussed below the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing complementary user controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 42 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing complementary user controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 42 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing complementary user controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing complementary user controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 44 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing complementary user controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 44 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing complementary user controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 B22 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing complementary user controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 B22 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing complementary user controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 B22 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing complementary user controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 1105 10 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing a complementary user control over change management. The firm did not perform sufficient procedures to test or test controls over the completeness of the population of changes that the firm used in its testing of this control because it did not evaluate whether the system was configured to track all changes made to the production environment. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 1105 10 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing a complementary user control over change management. The firm did not perform sufficient procedures to test or test controls over the completeness of the population of changes that the firm used in its testing of this control because it did not evaluate whether the system was configured to track all changes made to the production environment. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 1105 10 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm selected for testing a complementary user control over change management. The firm did not perform sufficient procedures to test or test controls over the completeness of the population of changes that the firm used in its testing of this control because it did not evaluate whether the system was configured to track all changes made to the production environment. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented certain other complementary user controls. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 39 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented certain other complementary user controls. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2201 39 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented certain other complementary user controls. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 B22 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented certain other complementary user controls. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 B22 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented certain other complementary user controls. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2201 B22 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented certain other complementary user controls. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2201 39 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2201 39 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 B19 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2201 B19 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2201 B19 The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. These service organizations used sub-service organizations for certain functions. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 39 For revenue at three business units which was affected by the ITGC audit deficiencies discussed above the firm selected for testing various controls that addressed the recognition of revenue when performance obligations were satisfied. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of these controls. (AS 2201.39) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 42 For inventory at two business units which was affected by the ITGC audit deficiencies discussed above the following additional deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's performance of physical inventory counts. The firm did not test the aspects of these controls that addressed whether an accurate and complete count had occurred. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 44 For inventory at two business units which was affected by the ITGC audit deficiencies discussed above the following additional deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's performance of physical inventory counts. The firm did not test the aspects of these controls that addressed whether an accurate and complete count had occurred. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 8 For inventory at two business units which was affected by the ITGC audit deficiencies discussed above the following additional deficiencies were identified: · The firm did not perform any procedures to evaluate the issuer's classification of certain items as inventory. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 2201 39 For long-lived assets at one business unit which was affected by the ITGC audit deficiencies discussed above the following additional deficiencies were identified: · The firm did not identify and test any controls related to the issuer's evaluation of long-lived assets for possible impairment. (AS 2201.39) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 10 AS 2301 8 For long-lived assets at one business unit which was affected by the ITGC audit deficiencies discussed above the following additional deficiencies were identified: · The firm did not perform any substantive procedures to test long-lived assets for possible impairment. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2810 30 The issuer recognized revenue from certain contracts related to the development and sale of real estate. In conjunction with these contracts the issuer received deposits from customers that were recorded as deferred revenue. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606 related to unsatisfied (or partially unsatisfied) performance obligations and when the issuer expects to recognize this revenue. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2810 31 The issuer recognized revenue from certain contracts related to the development and sale of real estate. In conjunction with these contracts the issuer received deposits from customers that were recorded as deferred revenue. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606 related to unsatisfied (or partially unsatisfied) performance obligations and when the issuer expects to recognize this revenue. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 8 The issuer recognized revenue from certain contracts related to the development and sale of real estate. In conjunction with these contracts the issuer received deposits from customers that were recorded as deferred revenue. The following deficiencies were identified: · The firm did not evaluate the appropriateness of the issuer's classification of deferred revenue associated with these contracts as a current liability. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Significant Risk 3 AS 2401 67 During the year the issuer recorded a credit loss associated with amounts owed by a related party. The firm did not evaluate whether the business purpose (or the lack thereof) of this transaction indicated that it may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets given certain facts regarding this transaction. (AS 2401.67; AS 2410.11) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Significant Risk 3 AS 2410 11 During the year the issuer recorded a credit loss associated with amounts owed by a related party. The firm did not evaluate whether the business purpose (or the lack thereof) of this transaction indicated that it may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets given certain facts regarding this transaction. (AS 2401.67; AS 2410.11) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2301 8 The firm did not perform any substantive procedures to test certain long-lived assets for possible impairment. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1105 A8b During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In testing the issuer's process the firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1201 C6 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In testing the issuer's process the firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1201 C7 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In testing the issuer's process the firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8a During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In testing the issuer's process the firm did not perform procedures to test the accuracy of certain issuer-produced data that the company's specialists used to develop the fair values of these assets. (AS 1105.A8a) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1201 C6 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In developing its independent expectations the firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the independent expectations of the fair values as a range encompassed only reasonable outcomes and were supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1201 C7 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In developing its independent expectations the firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the independent expectations of the fair values as a range encompassed only reasonable outcomes and were supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 2501 25 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In developing its independent expectations the firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the independent expectations of the fair values as a range encompassed only reasonable outcomes and were supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1105 4 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In developing its independent expectations the firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of certain external data that it used to develop its independent expectations. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1105 6 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In developing its independent expectations the firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of certain external data that it used to develop its independent expectations. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1201 C6 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In developing its independent expectations the firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of certain external data that it used to develop its independent expectations. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1201 C7 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair values of certain acquired assets using various assumptions. For these business combinations the firm's approach to substantively test the fair values of certain of these acquired assets consisted of (1) testing the issuer's process and (2) developing independent expectations of the fair values as a range and the firm used an auditor-employed specialist in each approach. The following deficiencies were identified: · In developing its independent expectations the firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of certain external data that it used to develop its independent expectations. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A8b For one of these business combinations the firm's approach to substantively test the fair values of certain other acquired intangible assets consisted of testing the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions that the company's specialists used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of a significant assumption developed by the company's specialist because the auditor-employed specialist did not perform any procedures to evaluate the reasonableness of a component of this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1201 C6 For one of these business combinations the firm's approach to substantively test the fair values of certain other acquired intangible assets consisted of testing the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions that the company's specialists used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of a significant assumption developed by the company's specialist because the auditor-employed specialist did not perform any procedures to evaluate the reasonableness of a component of this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1201 C7 For one of these business combinations the firm's approach to substantively test the fair values of certain other acquired intangible assets consisted of testing the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions that the company's specialists used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of a significant assumption developed by the company's specialist because the auditor-employed specialist did not perform any procedures to evaluate the reasonableness of a component of this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1105 4 For one of these business combinations the firm's approach to substantively test the fair values of certain other acquired intangible assets consisted of testing the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions that the company's specialists used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of (1) external data that the company's specialist used to develop a significant assumption and (2) other external data that the auditor-employed specialist used to evaluate the reasonableness of other significant assumptions. (AS 1105.04 .06 and .A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1105 6 For one of these business combinations the firm's approach to substantively test the fair values of certain other acquired intangible assets consisted of testing the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions that the company's specialists used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of (1) external data that the company's specialist used to develop a significant assumption and (2) other external data that the auditor-employed specialist used to evaluate the reasonableness of other significant assumptions. (AS 1105.04 .06 and .A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1105 A8a For one of these business combinations the firm's approach to substantively test the fair values of certain other acquired intangible assets consisted of testing the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions that the company's specialists used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of (1) external data that the company's specialist used to develop a significant assumption and (2) other external data that the auditor-employed specialist used to evaluate the reasonableness of other significant assumptions. (AS 1105.04 .06 and .A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1201 C6 For one of these business combinations the firm's approach to substantively test the fair values of certain other acquired intangible assets consisted of testing the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions that the company's specialists used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of (1) external data that the company's specialist used to develop a significant assumption and (2) other external data that the auditor-employed specialist used to evaluate the reasonableness of other significant assumptions. (AS 1105.04 .06 and .A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1201 C7 For one of these business combinations the firm's approach to substantively test the fair values of certain other acquired intangible assets consisted of testing the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions that the company's specialists used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance and reliability of (1) external data that the company's specialist used to develop a significant assumption and (2) other external data that the auditor-employed specialist used to evaluate the reasonableness of other significant assumptions. (AS 1105.04 .06 and .A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 1105 4 For one of these business combinations the firm's approach to substantively test the fair values of certain other acquired intangible assets consisted of testing the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions that the company's specialists used. The following deficiencies were identified: · The firm did not evaluate the reliability of certain other information that the firm used to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 1105 6 For one of these business combinations the firm's approach to substantively test the fair values of certain other acquired intangible assets consisted of testing the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions that the company's specialists used. The following deficiencies were identified: · The firm did not evaluate the reliability of certain other information that the firm used to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 820 Fair Value Measurement related to certain acquired assets. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 820 Fair Value Measurement related to certain acquired assets. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 9 AS 1105 10 The firm did not perform procedures to test or test controls over the accuracy and completeness of certain issuer-produced information that the firm used in its substantive testing. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 10 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606 related to a description of the nature of certain services the issuer promised to transfer. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 10 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606 related to a description of the nature of certain services the issuer promised to transfer. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2310 26 The issuer recorded certain revenue based on data in an electronic environment that were tracked by an IT system. To test this revenue the firm (1) sent positive confirmation requests to the issuer's customers with revenue over an established threshold and (2) selected a sample of transactions for testing. The following deficiencies were identified: · The firm's confirmation procedures were not sufficient because the firm did not consider whether the issuer's customers would have the information necessary to confirm that the issuer's performance obligations had been satisfied. (AS 2310.26) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recorded certain revenue based on data in an electronic environment that were tracked by an IT system. To test this revenue the firm (1) sent positive confirmation requests to the issuer's customers with revenue over an established threshold and (2) selected a sample of transactions for testing. The following deficiencies were identified: · The firm did not evaluate whether the transaction prices allocated to the issuer's performance obligations were based on standalone selling prices. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recorded certain revenue based on data in an electronic environment that were tracked by an IT system. To test this revenue the firm (1) sent positive confirmation requests to the issuer's customers with revenue over an established threshold and (2) selected a sample of transactions for testing. The following deficiencies were identified: · The firm did not evaluate whether the transaction prices allocated to the issuer's performance obligations were based on standalone selling prices. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 For another type of revenue the firm did not perform procedures to test whether the issuer's performance obligation had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 For another type of revenue the firm did not perform procedures to test whether the issuer's performance obligation had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 related to significant payment terms. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 related to significant payment terms. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Going Concern 5 AS 1105 4 The issuer evaluated its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. The firm did not sufficiently evaluate the reliability of management's plans because it did not (1) evaluate management's ability to increase revenue and (2) take into account certain conditions and events that could affect revenue growth. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Going Concern 5 AS 1105 6 The issuer evaluated its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. The firm did not sufficiently evaluate the reliability of management's plans because it did not (1) evaluate management's ability to increase revenue and (2) take into account certain conditions and events that could affect revenue growth. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Going Concern 5 AS 2415 3 The issuer evaluated its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. The firm did not sufficiently evaluate the reliability of management's plans because it did not (1) evaluate management's ability to increase revenue and (2) take into account certain conditions and events that could affect revenue growth. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Going Concern 5 AS 2415 8 The issuer evaluated its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. The firm did not sufficiently evaluate the reliability of management's plans because it did not (1) evaluate management's ability to increase revenue and (2) take into account certain conditions and events that could affect revenue growth. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Going Concern 5 AS 2415 9 The issuer evaluated its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. The firm did not sufficiently evaluate the reliability of management's plans because it did not (1) evaluate management's ability to increase revenue and (2) take into account certain conditions and events that could affect revenue growth. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 42 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment and the firm selected for testing a control that consisted of the issuer's review of this assessment. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of a significant assumption used in this assessment. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 44 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment and the firm selected for testing a control that consisted of the issuer's review of this assessment. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of a significant assumption used in this assessment. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 2 AS 1201 C6 The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 2 AS 1201 C7 The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2501 25 The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 4 The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the relevance of data from external sources it used to develop the independent expectation as a range. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 6 The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the relevance of data from external sources it used to develop the independent expectation as a range. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1201 C6 The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the relevance of data from external sources it used to develop the independent expectation as a range. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1201 C7 The firm's approach to substantively test the issuer's goodwill impairment assessment consisted of developing an independent expectation of the fair value of the issuer's single reporting unit as a range using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the relevance of data from external sources it used to develop the independent expectation as a range. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 4 AS 2501 16 The issuer estimated the cost of certain inventory using various significant assumptions. The firm's approach for substantively testing the valuation of this inventory was to test the issuer's process. The following deficiencies were identified: · The firm's approach for evaluating the reasonableness of certain significant assumptions was to develop expectations of these assumptions. The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for its expectations because it limited the development of these expectations to the results of its tests of certain varieties of inventory items. (AS 2501.16) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 5 AS 1105 10 The issuer estimated the cost of certain inventory using various significant assumptions. The firm's approach for substantively testing the valuation of this inventory was to test the issuer's process. The following deficiencies were identified: · The firm did not perform procedures to test or test controls over the accuracy and/or completeness of certain issuer-produced information that the firm used in its substantive testing of inventory. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm did not perform procedures to test or test controls over the accuracy and completeness of certain issuer-produced information that it used in its testing of (1) certain revenue and (2) the issuer's disclosure related to the remaining performance obligations. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Intangible Asset 2 AS 2301 8 The firm did not perform any substantive procedures to test intangible assets for possible impairment. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 1 AS 2201 62 The firm's internal inspection program had inspected this audit and reviewed the ITGCs area and also identified the deficiency below. The issuer used an IT system to initiate process and record transactions related to certain expenses and long-lived assets. The firm identified various control deficiencies in its testing of ITGCs over this system but did not sufficiently evaluate whether these deficiencies represented a material weakness because the firm did not evaluate the magnitude of the potential misstatements resulting from these deficiencies. (AS 2201.62) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 62 The firm's internal inspection program had inspected this audit and reviewed the ITGCs area and also identified the deficiency below. The issuer used an IT system to initiate process and record transactions related to certain expenses and long-lived assets. The firm identified various control deficiencies in its testing of ITGCs over this system but did not sufficiently evaluate whether these deficiencies represented a material weakness because the firm did not evaluate the magnitude of the potential misstatements resulting from these deficiencies. (AS 2201.62) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 2 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed the ITGCs area and also identified the deficiency below. The issuer used an IT system to initiate process and record transactions related to certain expenses and long-lived assets. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated from this system. As a result of this deficiency in the firm's evaluation the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed the ITGCs area and also identified the deficiency below. The issuer used an IT system to initiate process and record transactions related to certain expenses and long-lived assets. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated from this system. As a result of this deficiency in the firm's evaluation the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 3 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed the ITGCs area and also identified the deficiency below. The issuer included payroll and other costs as components of these expenses which were affected by the audit deficiencies discussed above. The following additional deficiencies were identified: · The firm did not evaluate whether the controls it selected for testing were designed to address the risk of whether the issuer had appropriately classified these payroll and other costs. (AS 2201.42) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 4 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed the ITGCs area and also identified the deficiency below. The issuer included payroll and other costs as components of these expenses which were affected by the audit deficiencies discussed above. The following additional deficiencies were identified: · The firm did not perform any substantive procedures to test whether the issuer had appropriately classified these payroll costs. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed the ITGCs area and also identified the deficiency below. The firm selected for testing a control which was affected by the audit deficiencies discussed above that included the issuer's review of certain long-lived assets for possible impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess certain indicators of possible impairment. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed the ITGCs area and also identified the deficiency below. The firm selected for testing a control which was affected by the audit deficiencies discussed above that included the issuer's review of certain long-lived assets for possible impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess certain indicators of possible impairment. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed the ITGCs area and also identified the deficiency below. The firm did not perform any substantive procedures to test these long-lived assets for possible impairment. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 10 The issuer recognized revenue from contracts with customers that included an estimate of variable consideration in the transaction price; the issuer estimated this variable consideration using a portfolio of contracts approach. The following deficiencies were identified: · The firm did not evaluate whether the issuer's method to estimate variable consideration was in conformity with FASB ASC Topic 606 and appropriate for the nature of the revenue. (AS 2501.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer recognized revenue from contracts with customers that included an estimate of variable consideration in the transaction price; the issuer estimated this variable consideration using a portfolio of contracts approach. The following deficiencies were identified: · The firm used an issuer-prepared schedule of cash receipts by invoice in its substantive testing of the variable consideration estimate. The firm did not sufficiently test or test controls over the accuracy of this schedule because it did not perform procedures to evaluate whether the cash receipts throughout the period related to the associated invoices. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 16 The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23 The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23A The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Going Concern Significant Risk 1 AS 1105 4 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the reliability of the issuer's forecasted financial information as follows: · The firm compared the forecasted revenue to the issuer's results subsequent to year end but did not evaluate the significant difference it identified. Further the firm did not evaluate whether the issuer's recent reduction in workforce would affect its ability to achieve its forecasted revenue growth. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Going Concern Significant Risk 1 AS 1105 6 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the reliability of the issuer's forecasted financial information as follows: · The firm compared the forecasted revenue to the issuer's results subsequent to year end but did not evaluate the significant difference it identified. Further the firm did not evaluate whether the issuer's recent reduction in workforce would affect its ability to achieve its forecasted revenue growth. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Going Concern Significant Risk 1 AS 2415 3 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the reliability of the issuer's forecasted financial information as follows: · The firm compared the forecasted revenue to the issuer's results subsequent to year end but did not evaluate the significant difference it identified. Further the firm did not evaluate whether the issuer's recent reduction in workforce would affect its ability to achieve its forecasted revenue growth. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Going Concern Significant Risk 1 AS 2415 8 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the reliability of the issuer's forecasted financial information as follows: · The firm compared the forecasted revenue to the issuer's results subsequent to year end but did not evaluate the significant difference it identified. Further the firm did not evaluate whether the issuer's recent reduction in workforce would affect its ability to achieve its forecasted revenue growth. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Going Concern Significant Risk 1 AS 2415 9 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the reliability of the issuer's forecasted financial information as follows: · The firm compared the forecasted revenue to the issuer's results subsequent to year end but did not evaluate the significant difference it identified. Further the firm did not evaluate whether the issuer's recent reduction in workforce would affect its ability to achieve its forecasted revenue growth. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Going Concern Significant Risk 2 AS 1105 4 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the reliability of the issuer's forecasted financial information as follows: · The firm did not compare certain forecasted expenditures with the issuer's results subsequent to year end. (AS 1105.04 and .06; AS 2415.09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Going Concern Significant Risk 2 AS 1105 6 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the reliability of the issuer's forecasted financial information as follows: · The firm did not compare certain forecasted expenditures with the issuer's results subsequent to year end. (AS 1105.04 and .06; AS 2415.09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Going Concern Significant Risk 2 AS 2415 9 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the reliability of the issuer's forecasted financial information as follows: · The firm did not compare certain forecasted expenditures with the issuer's results subsequent to year end. (AS 1105.04 and .06; AS 2415.09) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 1 AS 2301 8 During the year the issuer entered into certain equity-related agreements; the issuer accounted for each of these agreements as one or more derivatives. The following deficiencies were identified: · The firm did not evaluate whether the issuer's accounting for one of these agreements was in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 2 AS 2501 16 During the year the issuer entered into certain equity-related agreements; the issuer accounted for each of these agreements as one or more derivatives. The following deficiencies were identified: · The firm's approach to substantively test the fair values of these derivatives at issuance and year end was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions used in the valuation of these derivatives at issuance and year end beyond reading an issuer-prepared memorandum and inquiring of management and for one of the agreements a counterparty. (AS 2501.16) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 3 AS 2810 30 During the year the issuer entered into certain equity-related agreements; the issuer accounted for each of these agreements as one or more derivatives. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 820 related to the valuation of these derivatives at issuance and year end. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 3 AS 2810 31 During the year the issuer entered into certain equity-related agreements; the issuer accounted for each of these agreements as one or more derivatives. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 820 related to the valuation of these derivatives at issuance and year end. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Debt 1 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's compliance with certain financial debt covenants. (AS 2301.08) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 2810 30 The firm did not identify and evaluate (1) a misstatement in the issuer's statement of cash flows related to proceeds and repayments of debt; (2) the issuer's omission of a required disclosure under FASB ASC Topic 210 Balance Sheet related to the remaining borrowing capacity for certain debt; and (3) misstatements in certain disclosures required under FASB ASC Topic 820 and FASB ASC Topic 825 Financial Instruments related to the issuer's accounting for and measurement of certain other debt. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its presentation of the statement of cash flows and concluded that a misstatement existed that had not been previously identified. The issuer corrected this misstatement in a subsequent filing. Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 2810 31 The firm did not identify and evaluate (1) a misstatement in the issuer's statement of cash flows related to proceeds and repayments of debt; (2) the issuer's omission of a required disclosure under FASB ASC Topic 210 Balance Sheet related to the remaining borrowing capacity for certain debt; and (3) misstatements in certain disclosures required under FASB ASC Topic 820 and FASB ASC Topic 825 Financial Instruments related to the issuer's accounting for and measurement of certain other debt. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its presentation of the statement of cash flows and concluded that a misstatement existed that had not been previously identified. The issuer corrected this misstatement in a subsequent filing. Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2301 8 The issuer performed an assessment of certain of its long-lived assets for possible impairment at year end and concluded that the carrying value of these assets was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08; AS 2810.03) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 3 The issuer performed an assessment of certain of its long-lived assets for possible impairment at year end and concluded that the carrying value of these assets was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08; AS 2810.03) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A O No ICFR audit only Audits with multiple deficiencies Investments 1 AS 2201 39 The issuer used various service organizations for the custody recordkeeping and processing of investment transactions and these service organizations used sub-service organizations for certain functions. For certain sub-service organizations and one service organization the firm did not obtain an understanding of or test any relevant controls for the year under audit. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A O No ICFR audit only Audits with multiple deficiencies Investments 1 AS 2201 B19 The issuer used various service organizations for the custody recordkeeping and processing of investment transactions and these service organizations used sub-service organizations for certain functions. For certain sub-service organizations and one service organization the firm did not obtain an understanding of or test any relevant controls for the year under audit. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A O No ICFR audit only Audits with multiple deficiencies Investments 2 AS 2201 39 The firm obtained the service auditor's reports for certain of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a complementary user control that addressed the issuer's review of updates to its investment policies but did not test the design and operating effectiveness of this control. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A O No ICFR audit only Audits with multiple deficiencies Investments 2 AS 2201 B22 The firm obtained the service auditor's reports for certain of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a complementary user control that addressed the issuer's review of updates to its investment policies but did not test the design and operating effectiveness of this control. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A O No ICFR audit only Audits with multiple deficiencies Investments 3 AS 2201 39 The firm obtained the service auditor's reports for certain of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer implemented certain other complementary user controls as described in the service auditor's reports. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A O No ICFR audit only Audits with multiple deficiencies Investments 3 AS 2201 B22 The firm obtained the service auditor's reports for certain of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer implemented certain other complementary user controls as described in the service auditor's reports. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 1 AS 2401 61 For one business unit the firm did not perform any procedures to identify and select journal entries and other adjustments for testing without having an appropriate basis for excluding this business unit. (AS 2401.61) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606 related to revenue that is recognized over time. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606 related to revenue that is recognized over time. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized revenue from certain contracts over time using an input method based on costs incurred. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate whether the costs incurred had been allocated to the appropriate contract. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized revenue from certain contracts over time using an input method based on costs incurred. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate whether the costs incurred had been allocated to the appropriate contract. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer recognized revenue from certain contracts over time using an input method based on costs incurred. The following deficiencies were identified: · The firm used certain labor information in its substantive testing of the costs incurred but did not test or test controls over the accuracy of this information. (AS 1105.10) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Goodwill 1 AS 1105 A8a During the year the issuer engaged a specialist to perform a quantitative assessment of goodwill for one reporting unit for possible impairment. The firm used an auditor-employed specialist to evaluate certain significant assumptions used in the issuer's assessment. For certain of these significant assumptions the firm did not identify that the auditor-employed specialist did not (1) perform procedures beyond inquiring of the company's specialist to evaluate the reasonableness of these assumptions and (2) evaluate the relevance and/or reliability of certain data from an external source the company's specialist used to develop these assumptions. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Goodwill 1 AS 1105 A8b During the year the issuer engaged a specialist to perform a quantitative assessment of goodwill for one reporting unit for possible impairment. The firm used an auditor-employed specialist to evaluate certain significant assumptions used in the issuer's assessment. For certain of these significant assumptions the firm did not identify that the auditor-employed specialist did not (1) perform procedures beyond inquiring of the company's specialist to evaluate the reasonableness of these assumptions and (2) evaluate the relevance and/or reliability of certain data from an external source the company's specialist used to develop these assumptions. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Goodwill 1 AS 1201 C6 During the year the issuer engaged a specialist to perform a quantitative assessment of goodwill for one reporting unit for possible impairment. The firm used an auditor-employed specialist to evaluate certain significant assumptions used in the issuer's assessment. For certain of these significant assumptions the firm did not identify that the auditor-employed specialist did not (1) perform procedures beyond inquiring of the company's specialist to evaluate the reasonableness of these assumptions and (2) evaluate the relevance and/or reliability of certain data from an external source the company's specialist used to develop these assumptions. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Goodwill 1 AS 1201 C7 During the year the issuer engaged a specialist to perform a quantitative assessment of goodwill for one reporting unit for possible impairment. The firm used an auditor-employed specialist to evaluate certain significant assumptions used in the issuer's assessment. For certain of these significant assumptions the firm did not identify that the auditor-employed specialist did not (1) perform procedures beyond inquiring of the company's specialist to evaluate the reasonableness of these assumptions and (2) evaluate the relevance and/or reliability of certain data from an external source the company's specialist used to develop these assumptions. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Goodwill 2 AS 2301 8 At year end the issuer concluded that it was not necessary to perform an additional quantitative assessment of goodwill for this reporting unit. The firm did not sufficiently evaluate the issuer's conclusion because it did not evaluate the issuer's basis for concluding that certain events and circumstances that occurred during the year did not indicate that it was more likely than not that the fair value of this reporting unit was below its carrying amount. (AS 2301.08; AS 2810.03) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Goodwill 2 AS 2810 3 At year end the issuer concluded that it was not necessary to perform an additional quantitative assessment of goodwill for this reporting unit. The firm did not sufficiently evaluate the issuer's conclusion because it did not evaluate the issuer's basis for concluding that certain events and circumstances that occurred during the year did not indicate that it was more likely than not that the fair value of this reporting unit was below its carrying amount. (AS 2301.08; AS 2810.03) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A S No Financial statement audit only Audits with a single deficiency Intangible Assets Significant Risk 1 AS 2501 16 The issuer performed assessments of certain intangible assets for possible impairment using various significant assumptions. The firm's approach to evaluate these impairment assessments was to test the issuer's process. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain significant assumptions used in these impairment assessments. (AS 2501.16) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A T No Financial statement audit only Audits with a single deficiency Debt Significant Risk 1 AS 2501 16 The issuer reported convertible debt that was measured at fair value. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of a significant assumption used by the issuer to determine the fair value of the convertible debt. (AS 2501.16) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A U No Financial statement audit only Audits with a single deficiency Warrants 1 AS 2810 30 The issuer reported warrants that were recorded as liabilities. The firm did not identify and evaluate the issuer's omission of and a misstatement in certain required disclosures under FASB ASC Topic 820 related to these warrants. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2024 United States 2025-06-25T00:00:00 Part I.A U No Financial statement audit only Audits with a single deficiency Warrants 1 AS 2810 31 The issuer reported warrants that were recorded as liabilities. The firm did not identify and evaluate the issuer's omission of and a misstatement in certain required disclosures under FASB ASC Topic 820 related to these warrants. (AS 2810.30 and .31) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether certain revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers (“ASC Topic 606”) because it did not perform any procedures to evaluate whether revenue was recognized as the issuer's performance obligation was satisfied. (AS 2301.08 and .11) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 11 The firm did not perform sufficient procedures to evaluate whether certain revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers (“ASC Topic 606”) because it did not perform any procedures to evaluate whether revenue was recognized as the issuer's performance obligation was satisfied. (AS 2301.08 and .11) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 8 For certain other revenue the following deficiency was identified: · The firm did not perform sufficient procedures to test the transaction price because it did not evaluate whether the promised consideration included variable consideration. (AS 2301.08) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 16 For certain other revenue the following deficiency was identified: · The firm's substantive procedures to test this revenue included testing a sample of transactions. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 18 For certain other revenue the following deficiency was identified: · The firm's substantive procedures to test this revenue included testing a sample of transactions. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 37 For certain other revenue the following deficiency was identified: · The firm's substantive procedures to test this revenue included testing a sample of transactions. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 3 AS 2315 19 For certain other revenue the following deficiency was identified: · The firm's substantive procedures to test this revenue included testing a sample of transactions. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 3 AS 2315 23 For certain other revenue the following deficiency was identified: · The firm's substantive procedures to test this revenue included testing a sample of transactions. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 3 AS 2315 23A For certain other revenue the following deficiency was identified: · The firm's substantive procedures to test this revenue included testing a sample of transactions. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 16 For certain other revenue the following deficiency was identified: · The firm's substantive procedures to test this revenue included testing a sample of transactions. The firm did not take into account appropriate factors in determining its sample size including its established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 23 For certain other revenue the following deficiency was identified: · The firm's substantive procedures to test this revenue included testing a sample of transactions. The firm did not take into account appropriate factors in determining its sample size including its established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 23A For certain other revenue the following deficiency was identified: · The firm's substantive procedures to test this revenue included testing a sample of transactions. The firm did not take into account appropriate factors in determining its sample size including its established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 1105 10 The firm used an issuer-prepared report in its substantive procedures to test the inventory reserve but did not perform any procedures to test or test any controls over the accuracy and completeness of this report. (AS 1105.10) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 2301 8 The firm's substantive procedures to test the valuation of inventory included selecting a sample of inventory items for testing. The firm did not perform any procedures to identify slow-moving inventory for certain inventory items selected for testing. (AS 2301.08 and .11) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 2301 11 The firm's substantive procedures to test the valuation of inventory included selecting a sample of inventory items for testing. The firm did not perform any procedures to identify slow-moving inventory for certain inventory items selected for testing. (AS 2301.08 and .11) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 8 The firm's substantive procedures to test whether inventory was stated at the lower of cost or net realizable value included selecting a sample of inventory items for testing. The firm did not perform any procedures to test certain inventory items selected for testing. Further the firm did not perform procedures to test certain other inventory items selected for testing beyond comparing the reported cost of the inventory item to its selling price reflected in the issuer's price list. (AS 2301.08 and .11) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 11 The firm's substantive procedures to test whether inventory was stated at the lower of cost or net realizable value included selecting a sample of inventory items for testing. The firm did not perform any procedures to test certain inventory items selected for testing. Further the firm did not perform procedures to test certain other inventory items selected for testing beyond comparing the reported cost of the inventory item to its selling price reflected in the issuer's price list. (AS 2301.08 and .11) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 8 AS 2401 61 The firm selected for testing journal entries and other adjustments meeting certain fraud criteria. The firm did not perform sufficient procedures to test the selected journal entries and other adjustments because it did not examine the underlying support for the entries and adjustments. (AS 2401.61) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 9 AS 2410 14 The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified accounted for and disclosed its related party relationships and transactions because the firm did not take into account information gathered during the audit that could indicate that related party relationships or transactions previously undisclosed to the firm might exist. (AS 2410.14 .15 and .16) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 9 AS 2410 15 The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified accounted for and disclosed its related party relationships and transactions because the firm did not take into account information gathered during the audit that could indicate that related party relationships or transactions previously undisclosed to the firm might exist. (AS 2410.14 .15 and .16) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 9 AS 2410 16 The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified accounted for and disclosed its related party relationships and transactions because the firm did not take into account information gathered during the audit that could indicate that related party relationships or transactions previously undisclosed to the firm might exist. (AS 2410.14 .15 and .16) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 10 AS 2410 17 In addition the firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 10 AS 2810 30 In addition the firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 10 AS 2810 31 In addition the firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 16 The firm's substantive procedures to test revenue included testing a sample of transactions. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 18 The firm's substantive procedures to test revenue included testing a sample of transactions. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 37 The firm's substantive procedures to test revenue included testing a sample of transactions. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 19 The firm's substantive procedures to test revenue included testing a sample of transactions. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 23 The firm's substantive procedures to test revenue included testing a sample of transactions. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 23A The firm's substantive procedures to test revenue included testing a sample of transactions. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether certain revenue was recognized in conformity with ASC Topic 606 because it did not perform any procedures to test whether the revenue was recognized when the issuer's performance obligation was satisfied. (AS 2301.08 and .13) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform sufficient procedures to evaluate whether certain revenue was recognized in conformity with ASC Topic 606 because it did not perform any procedures to test whether the revenue was recognized when the issuer's performance obligation was satisfied. (AS 2301.08 and .13) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not perform procedures to evaluate whether the amounts reflected in certain of the issuer's revenue disclosures were accurate and complete beyond performing non-substantive analytical procedures. (AS 2301.08) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 The firm selected for testing journal entries and other adjustments meeting certain fraud criteria. The firm did not perform sufficient procedures to test the selected journal entries and other adjustments because it did not examine the underlying support for the entries and adjustments. (AS 2401.61) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Significant Risk 5 AS 2410 14 The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified accounted for and disclosed its related party transactions because the firm did not evaluate whether there were any transactions with certain related parties. (AS 2410.14) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Significant Risk 6 AS 2301 8 The firm did not perform procedures to test the accuracy and completeness of amounts due from related parties beyond sending confirmation requests to certain related parties and inspecting evidence of partial repayment. (AS 2301.08 and .11; AS 2410.12) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Significant Risk 6 AS 2301 11 The firm did not perform procedures to test the accuracy and completeness of amounts due from related parties beyond sending confirmation requests to certain related parties and inspecting evidence of partial repayment. (AS 2301.08 and .11; AS 2410.12) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Significant Risk 6 AS 2410 12 The firm did not perform procedures to test the accuracy and completeness of amounts due from related parties beyond sending confirmation requests to certain related parties and inspecting evidence of partial repayment. (AS 2301.08 and .11; AS 2410.12) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 16 The firm's substantive procedures to test inventory included testing a sample of inventory items. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over inventory. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 18 The firm's substantive procedures to test inventory included testing a sample of inventory items. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over inventory. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 37 The firm's substantive procedures to test inventory included testing a sample of inventory items. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over inventory. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2315 19 The firm's substantive procedures to test inventory included testing a sample of inventory items. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over inventory. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2315 23 The firm's substantive procedures to test inventory included testing a sample of inventory items. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over inventory. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3299 ARK PRO CPA & CO 2024 Hong Kong 2025-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2315 23A The firm's substantive procedures to test inventory included testing a sample of inventory items. The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over inventory. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The issuer recognized revenue based on the rates in the contracts with its customers and the amount of time incurred to provide its services that was maintained in one of the issuer's information-technology (IT) systems. The firm did not perform sufficient procedures to test the accuracy and completeness of the time data because its procedures were limited to comparing the issuer's data to data from an external source and inspecting the issuer's reconciliation of the data to data the issuer obtained from its customers without evaluating the reliability of the data from these external sources. (AS 1105.04 .06 and .10) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The issuer recognized revenue based on the rates in the contracts with its customers and the amount of time incurred to provide its services that was maintained in one of the issuer's information-technology (IT) systems. The firm did not perform sufficient procedures to test the accuracy and completeness of the time data because its procedures were limited to comparing the issuer's data to data from an external source and inspecting the issuer's reconciliation of the data to data the issuer obtained from its customers without evaluating the reliability of the data from these external sources. (AS 1105.04 .06 and .10) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer recognized revenue based on the rates in the contracts with its customers and the amount of time incurred to provide its services that was maintained in one of the issuer's information-technology (IT) systems. The firm did not perform sufficient procedures to test the accuracy and completeness of the time data because its procedures were limited to comparing the issuer's data to data from an external source and inspecting the issuer's reconciliation of the data to data the issuer obtained from its customers without evaluating the reliability of the data from these external sources. (AS 1105.04 .06 and .10) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Going Concern 2 AS 1105 10 The issuer used forecasted cash flows in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. The issuer also used forecasted cash flows in its evaluation of certain long-lived assets for possible impairment. The issuer developed both of these forecasted cash flows using various assumptions including certain employee data. The firm used certain labor hour information in its substantive testing of the employee data for each of these forecasted cash flows but did not perform any procedures to test the accuracy and completeness of this information. (AS 1105.10; AS 2415.03) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 1105 10 The issuer used forecasted cash flows in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. The issuer also used forecasted cash flows in its evaluation of certain long-lived assets for possible impairment. The issuer developed both of these forecasted cash flows using various assumptions including certain employee data. The firm used certain labor hour information in its substantive testing of the employee data for each of these forecasted cash flows but did not perform any procedures to test the accuracy and completeness of this information. (AS 1105.10; AS 2415.03) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Going Concern 2 AS 2415 3 The issuer used forecasted cash flows in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. The issuer also used forecasted cash flows in its evaluation of certain long-lived assets for possible impairment. The issuer developed both of these forecasted cash flows using various assumptions including certain employee data. The firm used certain labor hour information in its substantive testing of the employee data for each of these forecasted cash flows but did not perform any procedures to test the accuracy and completeness of this information. (AS 1105.10; AS 2415.03) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2415 3 The issuer used forecasted cash flows in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. The issuer also used forecasted cash flows in its evaluation of certain long-lived assets for possible impairment. The issuer developed both of these forecasted cash flows using various assumptions including certain employee data. The firm used certain labor hour information in its substantive testing of the employee data for each of these forecasted cash flows but did not perform any procedures to test the accuracy and completeness of this information. (AS 1105.10; AS 2415.03) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Fraud Risk 1 AS 2201 42 For certain assets that were evaluated for impairment the issuer determined adjustment factors that were important inputs used in developing this estimate. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of this estimate including an assessment of these inputs for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these inputs. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Fraud Risk 1 AS 2201 44 For certain assets that were evaluated for impairment the issuer determined adjustment factors that were important inputs used in developing this estimate. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of this estimate including an assessment of these inputs for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these inputs. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Fraud Risk 2 AS 2501 16 For certain assets that were evaluated for impairment the issuer determined adjustment factors that were important inputs used in developing this estimate. The following deficiencies were identified: · The firm's approach for substantively testing the reasonableness of this estimate was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions the issuer used to develop this estimate. (AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Fraud Risk 3 AS 1105 4 For certain assets that were evaluated for impairment the issuer determined adjustment factors that were important inputs used in developing this estimate. The following deficiencies were identified: · The firm's approach for substantively testing the reasonableness of this estimate was to test the issuer's process. The firm did not perform any procedures to evaluate the relevance of certain data that the issuer used to develop the adjustment factors. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Fraud Risk 3 AS 1105 6 For certain assets that were evaluated for impairment the issuer determined adjustment factors that were important inputs used in developing this estimate. The following deficiencies were identified: · The firm's approach for substantively testing the reasonableness of this estimate was to test the issuer's process. The firm did not perform any procedures to evaluate the relevance of certain data that the issuer used to develop the adjustment factors. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 1105 A1 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 1105 A10 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 1105 A2 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 1105 A3 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 1105 A4 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 1105 A5 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 1105 A6 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 1105 A7 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 1105 A8 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 1105 A9 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Significant Risk 4 AS 2501 16 During the year the issuer purchased certain collateralized loans at a discount and engaged specialists to estimate the fair value of these loans' underlying collateral that the issuer used to determine whether these discounts were acceptable. The firm's approach for substantively testing the fair value of the underlying collateral was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions the company's specialists used to develop the collateral values beyond inquiring of management and reading information prepared by the company's specialists. Further the firm did not perform procedures with respect to its use of the work of the company's specialists as audit evidence beyond gaining an understanding of the professional qualifications for one of the company's specialists. (AS 1105.A1-.A10; AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2305 16 The firm's substantive procedures to test certain revenue included two substantive analytical procedures. The following deficiencies were identified: · For both substantive analytical procedures the firm used certain information obtained from an external source to develop its expectations but did not evaluate the reliability of this information. (AS 2305.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 16 The firm's substantive procedures to test certain revenue included two substantive analytical procedures. The following deficiencies were identified: · For one of these substantive analytical procedures the firm developed its expectation based on certain information obtained from another external source but did not evaluate whether this information was sufficiently reliable for purposes of achieving its audit objectives. (AS 2305.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2301 8 For all but one of the issuer's asset groups the firm did not perform any procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2301 11 For all but one of the issuer's asset groups the firm did not perform any procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2810 3 For all but one of the issuer's asset groups the firm did not perform any procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 1105 10 For the remaining asset group the issuer identified events during the year indicating that the carrying value of its long-lived assets for that asset group may not be recoverable and performed an impairment analysis. The firm used an issuer-prepared schedule in its evaluation of the issuer's assessment of those long-lived assets for possible impairment but did not perform any procedures to test the accuracy of certain information in this schedule. (AS 1105.10) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 16 The issuer recognized revenue from certain contracts over time based on estimated costs incurred relative to total estimated costs to complete the contract. The firm did not evaluate the reasonableness of the significant standard cost assumption that the issuer used to develop the estimated costs incurred on and the estimated costs to complete the contracts the firm selected for testing. (AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2301 8 At two of the issuer's locations the issuer valued certain inventory at standard cost and capitalized certain labor and overhead costs to inventory based on the difference between the actual costs incurred and the costs recorded at standard. The firm did not perform sufficient substantive procedures to test the capitalized variance recorded by the issuer at year end because it did not evaluate whether the amount the issuer used to calculate the capitalized variance represented the actual difference between actual and standard costs. (AS 2301.08) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 1105 10 At one of these locations the issuer valued certain inventory using the last-in first-out (LIFO) method. The firm used certain information provided by the issuer to test the LIFO reserve but did not perform any procedures to test or test any controls over the accuracy of this information. (AS 1105.10) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 68 The firm identified a control deficiency related to the issuer's control over the occurrence and cut-off of certain revenue. The firm identified and tested various controls that it believed would mitigate this deficiency but did not identify that these compensating controls either did not address the risk of material misstatement related to whether revenue occurred and was recorded in the appropriate period or did not operate at a level of precision that would prevent or detect a misstatement that could be material. (AS 2201.68) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2501 16 The issuer recognized revenue from certain contracts over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not sufficiently test the estimated total costs to complete a certain contract it selected for testing because it did not perform any substantive procedures to evaluate the reasonableness of the remaining number of units the issuer expected to deliver that the issuer used to develop the estimated total costs to complete. (AS 2501.16) Annually Inspected 49 RSM US LLP 2024 United States 2025-05-22T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2501 16 The issuer recorded an excess and obsolete (E&O) inventory reserve for certain inventory based on the inventory on hand compared to the sales forecast for this inventory. The firm did not perform any procedures to evaluate the reasonableness of the sales forecast that the issuer used to develop this E&O inventory reserve. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 1 AS 2501 16 The issuer evaluated certain of its intangible assets for possible impairment using forecasted cash flows that it developed using various assumptions including when and at what amounts the issuer would be able to begin recognizing revenue. The firm did not evaluate beyond inquiry of management whether the issuer had a reasonable basis for the significant assumptions the issuer used including taking into account the issuer's ability to carry out its planned course of action for certain of these assumptions. (AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 1 AS 2501 17 The issuer evaluated certain of its intangible assets for possible impairment using forecasted cash flows that it developed using various assumptions including when and at what amounts the issuer would be able to begin recognizing revenue. The firm did not evaluate beyond inquiry of management whether the issuer had a reasonable basis for the significant assumptions the issuer used including taking into account the issuer's ability to carry out its planned course of action for certain of these assumptions. (AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 2 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to these intangible assets and determined that certain disclosures were omitted. The issuer corrected these omissions in the amended filing discussed below. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 2 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to these intangible assets and determined that certain disclosures were omitted. The issuer corrected these omissions in the amended filing discussed below. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Debt Significant Risk 3 AS 2301 8 During the year the issuer entered into certain transactions related to convertible debt and warrants. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether the issuer's accounting for and presentation of convertible debt including warrants were in conformity with relevant GAAP because for certain transactions its procedures were limited to reading an issuer-prepared memorandum without evaluating certain terms within the debt and warrant agreements. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for these convertible debt and warrant transactions and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Warrants Significant Risk 3 AS 2301 8 During the year the issuer entered into certain transactions related to convertible debt and warrants. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether the issuer's accounting for and presentation of convertible debt including warrants were in conformity with relevant GAAP because for certain transactions its procedures were limited to reading an issuer-prepared memorandum without evaluating certain terms within the debt and warrant agreements. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for these convertible debt and warrant transactions and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Debt Significant Risk 3 AS 2301 11 During the year the issuer entered into certain transactions related to convertible debt and warrants. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether the issuer's accounting for and presentation of convertible debt including warrants were in conformity with relevant GAAP because for certain transactions its procedures were limited to reading an issuer-prepared memorandum without evaluating certain terms within the debt and warrant agreements. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for these convertible debt and warrant transactions and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Warrants Significant Risk 3 AS 2301 11 During the year the issuer entered into certain transactions related to convertible debt and warrants. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether the issuer's accounting for and presentation of convertible debt including warrants were in conformity with relevant GAAP because for certain transactions its procedures were limited to reading an issuer-prepared memorandum without evaluating certain terms within the debt and warrant agreements. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for these convertible debt and warrant transactions and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Debt Significant Risk 4 AS 2810 30 During the year the issuer entered into certain transactions related to convertible debt and warrants. The following deficiencies were identified: · The firm did not identify and evaluate that the method the issuer used to allocate fair value between certain warrants and convertible debt was not in conformity with FASB ASC Topic 470 Debt. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting for these convertible debt and warrant transactions and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Warrants Significant Risk 4 AS 2810 30 During the year the issuer entered into certain transactions related to convertible debt and warrants. The following deficiencies were identified: · The firm did not identify and evaluate that the method the issuer used to allocate fair value between certain warrants and convertible debt was not in conformity with FASB ASC Topic 470 Debt. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting for these convertible debt and warrant transactions and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Debt Significant Risk 4 AS 2810 31 During the year the issuer entered into certain transactions related to convertible debt and warrants. The following deficiencies were identified: · The firm did not identify and evaluate that the method the issuer used to allocate fair value between certain warrants and convertible debt was not in conformity with FASB ASC Topic 470 Debt. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting for these convertible debt and warrant transactions and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Warrants Significant Risk 4 AS 2810 31 During the year the issuer entered into certain transactions related to convertible debt and warrants. The following deficiencies were identified: · The firm did not identify and evaluate that the method the issuer used to allocate fair value between certain warrants and convertible debt was not in conformity with FASB ASC Topic 470 Debt. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting for these convertible debt and warrant transactions and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Investments Significant Risk 1 AS 1105 4 The issuer held certain investments that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm's approach for substantively testing the fair value of these investments was to develop an independent expectation using certain interim financial results and other data about the underlying investments. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reliability of certain interim financial results it used to estimate the fair value of these investments because it did not perform procedures beyond (1) comparing the interim financial results to year-end financial results and (2) confirming for certain underlying investments operating results with related parties. Further for one of these investments the firm did not evaluate certain evidence that indicated lower revenue than it used to develop its independent expectation. (AS 1105.04 and .06; AS 2810.03) In connection with our review the issuer reevaluated this disclosure and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Investments Significant Risk 1 AS 1105 6 The issuer held certain investments that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm's approach for substantively testing the fair value of these investments was to develop an independent expectation using certain interim financial results and other data about the underlying investments. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reliability of certain interim financial results it used to estimate the fair value of these investments because it did not perform procedures beyond (1) comparing the interim financial results to year-end financial results and (2) confirming for certain underlying investments operating results with related parties. Further for one of these investments the firm did not evaluate certain evidence that indicated lower revenue than it used to develop its independent expectation. (AS 1105.04 and .06; AS 2810.03) In connection with our review the issuer reevaluated this disclosure and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Investments Significant Risk 1 AS 2810 3 The issuer held certain investments that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm's approach for substantively testing the fair value of these investments was to develop an independent expectation using certain interim financial results and other data about the underlying investments. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reliability of certain interim financial results it used to estimate the fair value of these investments because it did not perform procedures beyond (1) comparing the interim financial results to year-end financial results and (2) confirming for certain underlying investments operating results with related parties. Further for one of these investments the firm did not evaluate certain evidence that indicated lower revenue than it used to develop its independent expectation. (AS 1105.04 and .06; AS 2810.03) In connection with our review the issuer reevaluated this disclosure and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Investments Significant Risk 2 AS 1105 4 The issuer held certain investments that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm's approach for substantively testing the fair value of these investments was to develop an independent expectation using certain interim financial results and other data about the underlying investments. The following deficiencies were identified: · For one of these investments the firm did not perform sufficient procedures to evaluate the reliability of other data it used to estimate the fair value of the investment because its procedures were limited to recalculation. Further the firm did not evaluate certain evidence that indicated a higher amount than the data it used to develop its independent expectation. (AS 1105.04 and .06; AS 2810.03) In connection with our review the issuer reevaluated this disclosure and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Investments Significant Risk 2 AS 1105 6 The issuer held certain investments that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm's approach for substantively testing the fair value of these investments was to develop an independent expectation using certain interim financial results and other data about the underlying investments. The following deficiencies were identified: · For one of these investments the firm did not perform sufficient procedures to evaluate the reliability of other data it used to estimate the fair value of the investment because its procedures were limited to recalculation. Further the firm did not evaluate certain evidence that indicated a higher amount than the data it used to develop its independent expectation. (AS 1105.04 and .06; AS 2810.03) In connection with our review the issuer reevaluated this disclosure and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Investments Significant Risk 2 AS 2810 3 The issuer held certain investments that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm's approach for substantively testing the fair value of these investments was to develop an independent expectation using certain interim financial results and other data about the underlying investments. The following deficiencies were identified: · For one of these investments the firm did not perform sufficient procedures to evaluate the reliability of other data it used to estimate the fair value of the investment because its procedures were limited to recalculation. Further the firm did not evaluate certain evidence that indicated a higher amount than the data it used to develop its independent expectation. (AS 1105.04 and .06; AS 2810.03) In connection with our review the issuer reevaluated this disclosure and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Investments Significant Risk 3 AS 2810 30 The issuer held certain investments that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm's approach for substantively testing the fair value of these investments was to develop an independent expectation using certain interim financial results and other data about the underlying investments. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 235 Notes to Financial Statements related to another investment. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Investments Significant Risk 3 AS 2810 31 The issuer held certain investments that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm's approach for substantively testing the fair value of these investments was to develop an independent expectation using certain interim financial results and other data about the underlying investments. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 235 Notes to Financial Statements related to another investment. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and concluded that misstatements existed that had not been previously identified. The issuer subsequently restated its financial statements to correct these misstatements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various assumptions including forecasted revenue customer attrition rate and useful lives. Forecasted revenue included revenue for current contracts as well as projected revenue for contract renewals and expansions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the forecasted revenue because its procedures were limited to agreeing the total contract value for current contracts to customer contracts without testing projected revenue for contract renewals or expansions. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various assumptions including forecasted revenue customer attrition rate and useful lives. Forecasted revenue included revenue for current contracts as well as projected revenue for contract renewals and expansions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the customer attrition rate because its procedures were limited to consideration of the issuer's pre-existing relationships with customers and certain qualitative industry factors. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various assumptions including forecasted revenue customer attrition rate and useful lives. Forecasted revenue included revenue for current contracts as well as projected revenue for contract renewals and expansions. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of the useful lives the issuer assigned to these intangible assets because it did not evaluate significant differences between the useful lives assigned to these assets and 1) the cash-flow forecast periods used to determine their fair values and/or 2) the remaining lives of the contracts. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2810 30 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various assumptions including forecasted revenue customer attrition rate and useful lives. Forecasted revenue included revenue for current contracts as well as projected revenue for contract renewals and expansions. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2810 31 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various assumptions including forecasted revenue customer attrition rate and useful lives. Forecasted revenue included revenue for current contracts as well as projected revenue for contract renewals and expansions. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets 5 AS 1105 4 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm did not evaluate the reliability of the information it obtained from the external party and used to select its sample for testing a control over change management for one of these systems. (AS 1105.04 and .06) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 4 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm did not evaluate the reliability of the information it obtained from the external party and used to select its sample for testing a control over change management for one of these systems. (AS 1105.04 and .06) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets 5 AS 1105 6 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm did not evaluate the reliability of the information it obtained from the external party and used to select its sample for testing a control over change management for one of these systems. (AS 1105.04 and .06) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 6 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm did not evaluate the reliability of the information it obtained from the external party and used to select its sample for testing a control over change management for one of these systems. (AS 1105.04 and .06) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets 6 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm selected for testing various controls over revenue but did not test or test any controls over the completeness of the system-generated reports that it used to select its samples for testing these controls. (AS 1105.10) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm selected for testing various controls over revenue but did not test or test any controls over the completeness of the system-generated reports that it used to select its samples for testing these controls. (AS 1105.10) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets 7 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm used system-generated reports in its substantive testing of certain revenue transactions but did not perform any procedures to test or test any controls over the accuracy and completeness of these reports. (AS 1105.10) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm used system-generated reports in its substantive testing of certain revenue transactions but did not perform any procedures to test or test any controls over the accuracy and completeness of these reports. (AS 1105.10) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets 8 AS 2301 8 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm's substantive procedures to test contract assets consisted of the preparation and testing of a roll-forward of contract assets from the prior year. The firm did not perform sufficient procedures to test this roll-forward because its procedures were limited to testing additions to contract assets during the year. (AS 2301.08) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 8 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm's substantive procedures to test contract assets consisted of the preparation and testing of a roll-forward of contract assets from the prior year. The firm did not perform sufficient procedures to test this roll-forward because its procedures were limited to testing additions to contract assets during the year. (AS 2301.08) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets 9 AS 2810 30 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of a disclosure related to the change in the balance of contract assets required under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2810 30 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of a disclosure related to the change in the balance of contract assets required under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets 9 AS 2810 31 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of a disclosure related to the change in the balance of contract assets required under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2810 31 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and outsourced certain aspects of the IT function including change management to an external party. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of a disclosure related to the change in the balance of contract assets required under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used a service organization to initiate and process transactions related to revenue that are then recorded in the issuer's information-technology (IT) system. In its testing of controls over revenue the firm tested certain automated and IT-dependent manual controls that used data and reports generated by this service organization. The firm obtained a service auditor's report and identified complementary user controls that the service auditor's report described as necessary. As a result of the deficiencies in the firm's testing of the complementary user controls discussed below the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing a complementary user control that consisted of the issuer's reviews of user access to the service organization's IT system. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted access continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing a complementary user control that consisted of the issuer's reviews of user access to the service organization's IT system. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted access continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 B22 The firm selected for testing a complementary user control that consisted of the issuer's reviews of user access to the service organization's IT system. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted access continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 39 The firm selected for testing a complementary user control that consisted of the issuer's reviews of user access to the service organization's IT system. The firm did not perform any procedures to evaluate whether the issuer had implemented any complementary user controls related to change management. (AS 2201.39 and .B22) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 B22 The firm selected for testing a complementary user control that consisted of the issuer's reviews of user access to the service organization's IT system. The firm did not perform any procedures to evaluate whether the issuer had implemented any complementary user controls related to change management. (AS 2201.39 and .B22) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For certain customer contracts the firm did not perform any substantive procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For certain customer contracts the firm did not perform any substantive procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 1105 10 During the year the issuer completed a business combination. The firm used issuer-prepared schedules in its substantive testing of this transaction but did not perform any procedures to test or test any controls over the accuracy of certain of these schedules. (AS 1105.10) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 1 AS 1105 4 The firm did not evaluate the relevance and reliability of information it obtained from external sources that it used to test certain assets. (AS 1105.04 and .06) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 1 AS 1105 6 The firm did not evaluate the relevance and reliability of information it obtained from external sources that it used to test certain assets. (AS 1105.04 and .06) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Other Liabilities Fraud Risk 2 AS 2301 8 The issuer recorded interest payable on certain liabilities. The firm did not evaluate the appropriateness of the interest rate that the issuer used to determine the amount of this liability. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Other Liabilities Fraud Risk 2 AS 2301 13 The issuer recorded interest payable on certain liabilities. The firm did not evaluate the appropriateness of the interest rate that the issuer used to determine the amount of this liability. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform any substantive procedures to test whether costs incurred to date were allocated to the appropriate contract. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform any substantive procedures to test whether costs incurred to date were allocated to the appropriate contract. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 16 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform any substantive procedures to evaluate the reasonableness of a significant assumption that the issuer used to develop the estimated total costs to complete the contracts. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2301 8 The firm did not perform procedures beyond reading an issuer-prepared memorandum to evaluate whether the issuer's accounting for warrants as equity was in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2301.08) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Equity Significant Risk 2 AS 2301 8 The firm did not perform procedures to evaluate whether the issuer's accounting for redeemable stock as temporary equity was in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2301.08 and .11) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Equity Significant Risk 2 AS 2301 11 The firm did not perform procedures to evaluate whether the issuer's accounting for redeemable stock as temporary equity was in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2301.08 and .11) Annually Inspected 100 WithumSmith+Brown, PC 2024 United States 2025-05-22T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Equity 1 AS 1105 A8b During the year the issuer engaged a specialist to assist it in determining the fair value of certain shares of its stock. The firm did not perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist. (AS 1105.A8b) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The issuer determined the qualitative reserve component of the ACL using various qualitative factors. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these qualitative factors. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain factors. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 44 The issuer determined the qualitative reserve component of the ACL using various qualitative factors. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these qualitative factors. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain factors. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 39 The issuer determined the qualitative reserve component of the ACL using various qualitative factors. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these qualitative factors. The firm did not identify and test any controls over the accuracy and completeness of certain loan information that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2501 16 The issuer determined the qualitative reserve component of the ACL using various qualitative factors. The following deficiencies were identified: · The firm's approach for substantively testing the ACL was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions the issuer used to develop the qualitative reserve component of the ACL because its procedures were limited to a year-over-year comparison of these significant assumptions. (AS 2501.16) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 42 The issuer engaged a specialist to assist it in determining the quantitative reserve component of the ACL using a model that was developed by the company's specialist. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the forecasting assumption developed by the company's specialist and used in the model. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 44 The issuer engaged a specialist to assist it in determining the quantitative reserve component of the ACL using a model that was developed by the company's specialist. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the forecasting assumption developed by the company's specialist and used in the model. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 39 The issuer engaged a specialist to assist it in determining the quantitative reserve component of the ACL using a model that was developed by the company's specialist. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reconciliation of certain loan data but did not identify and test any controls over the completeness of certain reports that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 1105 A8b The issuer engaged a specialist to assist it in determining the quantitative reserve component of the ACL using a model that was developed by the company's specialist. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the forecasting significant assumption that was developed by the company's specialist and used in the model. (AS 1105.A8b) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 1 AS 1105 10 The issuer recognized certain revenue based on product volumes delivered to its customers and accounted for certain of these arrangements as operating leases. The following deficiencies were identified: · The firm identified a control deficiency related to the issuer's lack of controls over the accuracy of the volume data. The firm used these volume data in its substantive testing of this revenue but did not perform any procedures to test the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer recognized certain revenue based on product volumes delivered to its customers and accounted for certain of these arrangements as operating leases. The following deficiencies were identified: · The firm identified a control deficiency related to the issuer's lack of controls over the accuracy of the volume data. The firm used these volume data in its substantive testing of this revenue but did not perform any procedures to test the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2201 39 The issuer recognized certain revenue based on product volumes delivered to its customers and accounted for certain of these arrangements as operating leases. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the issuer's classification of certain arrangements as operating leases was appropriate. (AS 2201.39) Annually Inspected 173 Crowe LLP 2024 United States 2025-05-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer recognized certain revenue based on product volumes delivered to its customers and accounted for certain of these arrangements as operating leases. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the issuer's classification of certain arrangements as operating leases was appropriate. (AS 2201.39) Triennially Inspected 199 CBIZ CPAs P.C. 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 2301 8 During the year the issuer completed an analysis to evaluate long-lived assets for recoverability because it identified events and changes in circumstances that indicated that the carrying amount may not be recoverable. The firm did not evaluate beyond inquiry and reading the issuer's analysis how this qualitative analysis supported the recoverability of the assets. (AS 2301.08) Annually Inspected 925 Cohen & Company, Ltd. 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Expenses Fraud Risk 1 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's classification of certain expenses. (AS 2301.08 and .13) Annually Inspected 925 Cohen & Company, Ltd. 2024 United States 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Expenses Fraud Risk 1 AS 2301 13 The firm did not perform any substantive procedures to test the issuer's classification of certain expenses. (AS 2301.08 and .13) Triennially Inspected 1060 Deloitte & Touche 2024 Taiwan Deloitte Touche Tohmatsu Limited 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The issuer used an information-technology system to calculate and record the cost of its inventory. The firm did not identify and test any controls over the calculation of the cost of inventory. (AS 2201.39) Triennially Inspected 1060 Deloitte & Touche 2024 Taiwan Deloitte Touche Tohmatsu Limited 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test the valuation of inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1060 Deloitte & Touche 2024 Taiwan Deloitte Touche Tohmatsu Limited 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test the valuation of inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1060 Deloitte & Touche 2024 Taiwan Deloitte Touche Tohmatsu Limited 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test the valuation of inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1060 Deloitte & Touche 2024 Taiwan Deloitte Touche Tohmatsu Limited 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test the valuation of inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1060 Deloitte & Touche 2024 Taiwan Deloitte Touche Tohmatsu Limited 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test the valuation of inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1060 Deloitte & Touche 2024 Taiwan Deloitte Touche Tohmatsu Limited 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test the valuation of inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 18 To reduce the extent of its substantive procedures for certain revenue the firm tested and placed reliance on controls. The following deficiencies were identified: · The firm selected for testing various automated controls over this revenue that consisted of the configuration of the information technology (IT) system to automatically perform certain functions based on pre-established parameters and the firm used a “test of one” approach to test these controls. The firm's testing of these automated controls using a sample of only one instance of each processing alternative was not sufficient because the firm did not evaluate the system functionality of these controls beyond inquiry of the issuer's personnel regarding their processing alternatives or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2301.18) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 16 To reduce the extent of its substantive procedures for certain revenue the firm tested and placed reliance on controls. The following deficiencies were identified: · The firm selected for testing an IT dependent manual control over this revenue that consisted of management's review of the reconciliation of certain revenue transactions between two systems. The firm did not identify and test any controls over the accuracy and completeness of the system-generated information used in the operation of this control. (AS 2301.16) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 16 To reduce the extent of its substantive procedures for certain revenue the firm tested and placed reliance on controls. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 18 To reduce the extent of its substantive procedures for certain revenue the firm tested and placed reliance on controls. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 37 To reduce the extent of its substantive procedures for certain revenue the firm tested and placed reliance on controls. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 19 To reduce the extent of its substantive procedures for certain revenue the firm tested and placed reliance on controls. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23 To reduce the extent of its substantive procedures for certain revenue the firm tested and placed reliance on controls. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23A To reduce the extent of its substantive procedures for certain revenue the firm tested and placed reliance on controls. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 4 The firm used reports prepared by a third party to substantively test certain other revenue but did not perform any procedures to evaluate the relevance and reliability of these reports. (AS 1105.04 and .06) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 6 The firm used reports prepared by a third party to substantively test certain other revenue but did not perform any procedures to evaluate the relevance and reliability of these reports. (AS 1105.04 and .06) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 61 The firm identified a characteristic of potentially fraudulent entries or adjustments for testing but did not determine whether any journal entries met the characteristic. Instead the firm limited its testing of journal entries for this specific characteristic to haphazardly selected journal entries. (AS 2401.61) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2310 34 The firm did not request the confirmation of accounts receivable or document how it overcame the presumption to perform confirmation procedures. (AS 2310.34 and .35) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2310 35 The firm did not request the confirmation of accounts receivable or document how it overcame the presumption to perform confirmation procedures. (AS 2310.34 and .35) Triennially Inspected 1181 KPMG 2024 Hong Kong KPMG International Cooperative 2025-05-22T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2301 8 The firm did not perform any substantive procedures to test certain inventory. (AS 2301.08) Triennially Inspected 1521 EY S.p.A. 2023 Italy Ernst & Young Global Limited 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2501 16 The firm did not perform procedures to evaluate the reasonableness of a significant assumption used by the issuer to estimate the amount of revenue to recognize for certain sales agreements beyond inquiry of management. (AS 2501.16) Triennially Inspected 1755 SyCip Gorres Velayo & Co. 2024 Philippines Ernst & Young Global Limited 2025-05-22T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 46 The principal auditor instructed the firm to test certain controls over long-lived assets that consisted of the issuer's monthly reconciliation of certain accounts and monthly and quarterly reviews of accrued capital expenditures. The number of items selected for testing did not provide sufficient appropriate audit evidence that the controls were operating effectively because the firm did not test the number of items that it determined necessary. (AS 2201.46) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 1 AS 1105 4 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain external data it used to test realized gains/losses beyond documenting the methodology used by the external party to price the digital assets. (AS 1105.04 and .06) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 1 AS 1105 6 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain external data it used to test realized gains/losses beyond documenting the methodology used by the external party to price the digital assets. (AS 1105.04 and .06) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 2 AS 2301 8 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · For the items selected related to the first type of transaction the firm did not sufficiently test the quantity of digital assets transferred because its procedures were limited to testing the quantity of digital assets received which were a different type of asset than the assets transferred. (AS 2301.08 and .13) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 2 AS 2301 13 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · For the items selected related to the first type of transaction the firm did not sufficiently test the quantity of digital assets transferred because its procedures were limited to testing the quantity of digital assets received which were a different type of asset than the assets transferred. (AS 2301.08 and .13) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 3 AS 2301 8 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · For certain items selected related to the second type of transaction the firm did not evaluate the appropriateness of the issuer's recognition of realized gains/losses. (AS 2301.08 and .13) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 3 AS 2301 13 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · For certain items selected related to the second type of transaction the firm did not evaluate the appropriateness of the issuer's recognition of realized gains/losses. (AS 2301.08 and .13) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 4 AS 1105 4 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · For certain items selected related to the second type of transaction the firm did not evaluate the reliability of certain external data used as audit evidence in testing certain of these transactions. (AS 1105.04 and .06) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 4 AS 1105 6 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · For certain items selected related to the second type of transaction the firm did not evaluate the reliability of certain external data used as audit evidence in testing certain of these transactions. (AS 1105.04 and .06) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 5 AS 2301 8 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · The firm did not perform any procedures to test the remaining population of realized gains/losses on the sale of digital assets. (AS 2301.08 and .13) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 5 AS 2301 13 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · The firm did not perform any procedures to test the remaining population of realized gains/losses on the sale of digital assets. (AS 2301.08 and .13) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 6 AS 2810 30 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · The firm did not identify and evaluate departures from the applicable accounting standards related to the presentation and disclosure of digital asset transactions. (AS 2810.30 and .31) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 6 AS 2810 31 The issuer recognized realized gains/losses on the sale of digital assets through two different types of transactions. The firm's substantive procedures to test these realized gains/losses included testing a sample of transactions for each transaction type. The following deficiencies were identified: · The firm did not identify and evaluate departures from the applicable accounting standards related to the presentation and disclosure of digital asset transactions. (AS 2810.30 and .31) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 2501 7 The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · The firm did not perform any procedures to test the impairment of certain long-lived assets. (AS 2501.07) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 1105 4 The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · For certain other long-lived assets the firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used in the impairment calculations. Specifically it did not evaluate significant differences between the assumptions and (i) similar significant assumptions used by the issuer in another estimate (ii) industry information and/or (iii) information from an external source. Further the firm did not perform procedures to evaluate the relevance and/or reliability of the industry information and information from the external source. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 1105 6 The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · For certain other long-lived assets the firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used in the impairment calculations. Specifically it did not evaluate significant differences between the assumptions and (i) similar significant assumptions used by the issuer in another estimate (ii) industry information and/or (iii) information from an external source. Further the firm did not perform procedures to evaluate the relevance and/or reliability of the industry information and information from the external source. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 2501 16 The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · For certain other long-lived assets the firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used in the impairment calculations. Specifically it did not evaluate significant differences between the assumptions and (i) similar significant assumptions used by the issuer in another estimate (ii) industry information and/or (iii) information from an external source. Further the firm did not perform procedures to evaluate the relevance and/or reliability of the industry information and information from the external source. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 2301 8 The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · The firm did not perform any procedures to test another portion of an impairment including whether it was appropriate to record the impairment. (AS 2301.08 and .11) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 2301 11 The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · The firm did not perform any procedures to test another portion of an impairment including whether it was appropriate to record the impairment. (AS 2301.08 and .11) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1105 4 The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain information from external sources that the issuer used in an impairment calculation. (AS 1105.04 and .06) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1105 6 The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain information from external sources that the issuer used in an impairment calculation. (AS 1105.04 and .06) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 11 AS 1105 A8b The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · The issuer engaged an external specialist to estimate the impairment for certain other long-lived assets. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions used by the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 11 AS 2501 16 The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · The issuer engaged an external specialist to estimate the impairment for certain other long-lived assets. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions used by the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 12 AS 1105 A8a The issuer recorded impairments related to certain long-lived assets during the year. The following deficiencies were identified: · The issuer engaged an external specialist to estimate the impairment for certain other long-lived assets. The firm did not perform any procedures to (i) test the accuracy and completeness of issuer-produced information and (ii) evaluate the relevance and reliability of information from external sources that were both used by the company's specialist. (AS 1105.A8a) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 13 AS 2501 16 The firm did not perform sufficient procedures to evaluate the useful lives for certain long-lived assets because it did not evaluate the significant differences between this assumption the significant assumption used by the issuer in an impairment calculation and industry information. (AS 2501.16) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 14 AS 1105 10 The firm did not perform procedures to test or identify and test any controls over the accuracy of certain data included in certain system-generated reports that it used in its substantive procedures over depreciation expense. (AS 1105.10) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 15 AS 2301 8 The issuer earned revenue through cryptocurrency mining. The firm did not perform any procedures to evaluate (1) the terms and conditions of the issuer's arrangements with its mining pool operators and (2) the method used by the mining pool operators to allocate consideration to the issuer. (AS 2301.08 and .13) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 15 AS 2301 13 The issuer earned revenue through cryptocurrency mining. The firm did not perform any procedures to evaluate (1) the terms and conditions of the issuer's arrangements with its mining pool operators and (2) the method used by the mining pool operators to allocate consideration to the issuer. (AS 2301.08 and .13) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 16 AS 1105 4 The firm did not perform procedures to evaluate the relevance and/or reliability of certain external data it used to substantively test this revenue beyond documenting the methodology used by one source to price crypto assets. (AS 1105.04 and .06) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 16 AS 1105 6 The firm did not perform procedures to evaluate the relevance and/or reliability of certain external data it used to substantively test this revenue beyond documenting the methodology used by one source to price crypto assets. (AS 1105.04 and .06) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 1 AS 2301 19 The issuer recorded a significant account based on estimates. The firm identified and tested controls to reduce the nature timing and extent of its substantive procedures to test this significant account. The following deficiencies were identified: · The firm selected for testing controls over the review of certain aspects of this significant account. The firm did not perform procedures to evaluate the specific review procedures that the control owners performed to (i) evaluate the reasonableness of the assumptions (ii) evaluate whether data was appropriately used in determining the estimate and (iii) test the accuracy and completeness of certain information used in the performance of these controls. (AS 2301.19 and .21) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 1 AS 2301 21 The issuer recorded a significant account based on estimates. The firm identified and tested controls to reduce the nature timing and extent of its substantive procedures to test this significant account. The following deficiencies were identified: · The firm selected for testing controls over the review of certain aspects of this significant account. The firm did not perform procedures to evaluate the specific review procedures that the control owners performed to (i) evaluate the reasonableness of the assumptions (ii) evaluate whether data was appropriately used in determining the estimate and (iii) test the accuracy and completeness of certain information used in the performance of these controls. (AS 2301.19 and .21) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 2 AS 2301 16 The issuer recorded a significant account based on estimates. The firm identified and tested controls to reduce the nature timing and extent of its substantive procedures to test this significant account. The following deficiencies were identified: · The firm selected for testing certain other controls over this significant account. The firm did not perform sufficient procedures to test the design and operating effectiveness of these controls because it did not obtain evidence that these controls were designed effectively and operating effectively during the entire period of reliance. (AS 2301.16) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 3 AS 2501 7 The issuer recorded a significant account based on estimates. The firm identified and tested controls to reduce the nature timing and extent of its substantive procedures to test this significant account. The following deficiencies were identified: · The firm did not perform substantive procedures to test this significant account beyond performing a retrospective analytical review testing certain data used to determine the estimate and comparing activity reports for this significant account to the general ledger. (AS 2501.07) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Fraud Risk 4 AS 2501 7 The issuer reported goodwill and intangible assets. The firm did not perform procedures beyond (i) obtaining and reading the issuer's analyses and/or press releases (ii) performing sensitivity analyses and (iii) performing certain tests of mathematical accuracy to test certain of the issuer's impairment analyses including consideration of contrary evidence in the work papers for one of the analyses. (AS 2501.07; AS 2810.03) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Fraud Risk 4 AS 2810 3 The issuer reported goodwill and intangible assets. The firm did not perform procedures beyond (i) obtaining and reading the issuer's analyses and/or press releases (ii) performing sensitivity analyses and (iii) performing certain tests of mathematical accuracy to test certain of the issuer's impairment analyses including consideration of contrary evidence in the work papers for one of the analyses. (AS 2501.07; AS 2810.03) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 61 The firm identified certain fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not examine the underlying support for the journal entries. (AS 2401.61) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate the terms and conditions in the issuer's contracts for certain types of revenue to determine their effect on the recognition of this revenue because it limited its procedures to evaluating the terms and conditions of one contract for certain of these types of revenue. (AS 2301.08 .11 and .13) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 11 The firm did not perform sufficient procedures to evaluate the terms and conditions in the issuer's contracts for certain types of revenue to determine their effect on the recognition of this revenue because it limited its procedures to evaluating the terms and conditions of one contract for certain of these types of revenue. (AS 2301.08 .11 and .13) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 8 The firm did not perform substantive procedures to test the presentation of certain types of revenue. (AS 2301.08) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 8 The firm did not perform procedures to evaluate whether certain other revenue was recognized in conformity with the applicable accounting standard beyond reading the issuer's revenue recognition policy. (AS 2301.08) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 4 AS 1105 4 The firm did not perform any procedures to evaluate the relevance and reliability of certain information it obtained from external sources and used in its substantive procedures. (AS 1105.04 and .06) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 4 AS 1105 6 The firm did not perform any procedures to evaluate the relevance and reliability of certain information it obtained from external sources and used in its substantive procedures. (AS 1105.04 and .06) Triennially Inspected 2814 PKF Littlejohn LLP 2023 United Kingdom 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 61 The firm identified certain fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not examine the underlying support for the journal entries. (AS 2401.61) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer used two information-technology (IT) systems to initiate process and/or record transactions related to certain revenue recognized at various locations. In its testing of controls over this revenue the firm tested two IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). The firm however did not test the operating effectiveness of the ITGCs over these IT systems. (AS 2201.44) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 46 The issuer used two information-technology (IT) systems to initiate process and/or record transactions related to certain revenue recognized at various locations. In its testing of controls over this revenue the firm tested two IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). As a result of the deficiency in the firm's testing of ITGCs the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 44 The firm identified certain of the issuer's locations as “in-scope” locations for purposes of testing controls over the revenue. The firm selected for testing certain controls over the processing and recording of the revenue that consisted of the issuer's review and/or approval of (1) the detail sales price list (2) sales price and other information in contracts (3) certain sales reports and (4) changes in estimated contract costs. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the operating effectiveness of these controls because the firm did not test the operating effectiveness of the controls at certain “in-scope” locations which reported a significant amount of the revenue. (AS 2201.44) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 The firm identified certain of the issuer's locations as “in-scope” locations for purposes of testing controls over the revenue. The firm selected for testing certain controls over the processing and recording of the revenue that consisted of the issuer's review and/or approval of (1) the detail sales price list (2) sales price and other information in contracts (3) certain sales reports and (4) changes in estimated contract costs. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the accuracy and completeness of the lists from which it selected its samples for testing. (AS 1105.10) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 The firm identified certain of the issuer's locations as “in-scope” locations for purposes of testing controls over the revenue. The firm selected for testing certain controls over the processing and recording of the revenue that consisted of the issuer's review and/or approval of (1) the detail sales price list (2) sales price and other information in contracts (3) certain sales reports and (4) changes in estimated contract costs. The following deficiencies were identified: · For two of these controls both of which involved the issuer's review of estimated revenue and contract costs the firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of these estimates. (AS 2201.42 and .44) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 The firm identified certain of the issuer's locations as “in-scope” locations for purposes of testing controls over the revenue. The firm selected for testing certain controls over the processing and recording of the revenue that consisted of the issuer's review and/or approval of (1) the detail sales price list (2) sales price and other information in contracts (3) certain sales reports and (4) changes in estimated contract costs. The following deficiencies were identified: · For two of these controls both of which involved the issuer's review of estimated revenue and contract costs the firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of these estimates. (AS 2201.42 and .44) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 39 For certain other revenue the following deficiencies were identified: · The firm selected for testing a control over the processing and recording of this other revenue that consisted of the issuer's review and approval of the revenue distribution. The firm did not identify and test any controls over the accuracy and completeness of a report used in the operation of this control. (AS 2201.39) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 10 For certain other revenue the following deficiencies were identified: · The firm used issuer-prepared reports to substantively test this other revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of these reports. (AS 1105.10) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 8 AS 2201 39 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable and performed an impairment analysis for each project. The firm's approach for testing the impairment of long-lived assets was to test the issuer's process and the firm identified certain of the issuer's locations as “in-scope” locations for purposes of testing long-lived assets for possible impairment. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's evaluation of long-lived assets for possible impairment. (AS 2201.39) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 9 AS 2301 8 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable and performed an impairment analysis for each project. The firm's approach for testing the impairment of long-lived assets was to test the issuer's process and the firm identified certain of the issuer's locations as “in-scope” locations for purposes of testing long-lived assets for possible impairment. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the impairment of long-lived assets because the firm did not test such assets for possible impairment at certain “in-scope” locations which held a significant portion of the issuer's long-lived assets. (AS 2301.08) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 10 AS 1105 10 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable and performed an impairment analysis for each project. The firm's approach for testing the impairment of long-lived assets was to test the issuer's process and the firm identified certain of the issuer's locations as “in-scope” locations for purposes of testing long-lived assets for possible impairment. The following deficiencies were identified: · The firm used an issuer-prepared report to substantively test long-lived assets for possible impairment but did not perform any procedures to test or test any controls over the accuracy and completeness of this report. (AS 1105.10) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer recognized revenue from contracts that included multiple performance obligations and allocated the total transaction price to the separate performance obligations based on relative standalone selling prices (SSPs). The firm selected a sample of transactions to test revenue. The following deficiencies were identified: · The firm used issuer-prepared reports to substantively test revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of these reports. (AS 1105.10) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized revenue from contracts that included multiple performance obligations and allocated the total transaction price to the separate performance obligations based on relative standalone selling prices (SSPs). The firm selected a sample of transactions to test revenue. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the appropriateness of the issuer's (1) determination of transaction price and (2) allocation of the transaction price to each performance obligation because the firm did not evaluate the effect of a sales discount on the transaction price and did not test the SSPs used to allocate revenue to the separate performance obligations. (AS 2301.08 and .13) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized revenue from contracts that included multiple performance obligations and allocated the total transaction price to the separate performance obligations based on relative standalone selling prices (SSPs). The firm selected a sample of transactions to test revenue. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the appropriateness of the issuer's (1) determination of transaction price and (2) allocation of the transaction price to each performance obligation because the firm did not evaluate the effect of a sales discount on the transaction price and did not test the SSPs used to allocate revenue to the separate performance obligations. (AS 2301.08 and .13) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The issuer recognized revenue from contracts that included multiple performance obligations and allocated the total transaction price to the separate performance obligations based on relative standalone selling prices (SSPs). The firm selected a sample of transactions to test revenue. The following deficiencies were identified: · The issuer recognized certain revenue based on electronic activity. The firm used activity information produced by the issuer to evaluate whether the issuer satisfied its performance obligations related to this revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of this information. (AS 1105.10) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The issuer recognized revenue from contracts that included multiple performance obligations and allocated the total transaction price to the separate performance obligations based on relative standalone selling prices (SSPs). The firm selected a sample of transactions to test revenue. The following deficiencies were identified: · The issuer recognized certain other revenue over the performance period. The firm did not perform sufficient procedures to test whether the issuer satisfied its performance obligations because the firm did not evaluate the reasonableness of the performance period. (AS 2301.08 and .13) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The issuer recognized revenue from contracts that included multiple performance obligations and allocated the total transaction price to the separate performance obligations based on relative standalone selling prices (SSPs). The firm selected a sample of transactions to test revenue. The following deficiencies were identified: · The issuer recognized certain other revenue over the performance period. The firm did not perform sufficient procedures to test whether the issuer satisfied its performance obligations because the firm did not evaluate the reasonableness of the performance period. (AS 2301.08 and .13) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 1105 10 Payments collected by the issuer were applied to the oldest outstanding accounts receivable balance first. The firm used a system-generated accounts receivable aging report to substantively test the allowance for doubtful accounts but did not perform procedures to test or test any controls over the accuracy of the report beyond agreeing a sample of balances from the accounts receivable aging report to the respective billings. (AS 1105.10) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Variable Interest Entities 6 AS 2301 8 The issuer derives revenue through consolidated VIEs and their subsidiaries and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The firm did not perform sufficient procedures to test the issuer's ability to consolidate the VIEs because it did not perform any procedures to evaluate the nature of certain uncertainties disclosed by the issuer regarding (1) the validity of the contractual arrangements with the VIEs and their subsidiaries (2) the structure of the VIEs and (3) its ability to enforce the contractual arrangements and perform additional procedures to address the risks associated with those uncertainties. (AS 2301.08) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2410 17 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and 31) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and 31) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and 31) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 10 The issuer recognized revenue from contracts that included multiple performance obligations and allocated the total transaction price to the separate performance obligations based on relative SSPs. The firm's approach for testing the allocation of revenue to the separate performance obligations was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate whether the residual method that the issuer used to allocate the transaction price to the separate performance obligations was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because the firm did not evaluate whether the SSPs of certain performance obligations were highly variable. (AS 2501.10) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2501 16 The issuer recognized revenue from contracts that included multiple performance obligations and allocated the total transaction price to the separate performance obligations based on relative SSPs. The firm's approach for testing the allocation of revenue to the separate performance obligations was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate whether the issuer had a reasonable basis for the SSP of a performance obligation for certain transactions. (AS 2501.16) Triennially Inspected 6783 Assentsure PAC 2024 Singapore 2025-05-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Variable Interest Entities 3 AS 2301 8 The issuer derives revenue through a consolidated Variable Interest Entity (VIE) and its subsidiaries and relies on contractual arrangements with the VIE and its shareholders to control the business operations of the consolidated VIE. The firm did not perform sufficient procedures to test the issuer's ability to consolidate the VIE because it did not perform any procedures to evaluate the nature of certain uncertainties disclosed by the issuer regarding (1) the validity of the contractual arrangements with the VIE and its subsidiaries (2) the structure of the VIE and (3) its ability to enforce the contractual arrangements and perform additional procedures to address the risks associated with those uncertainties. (AS 2301.08) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 1 AS 2301 16 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The firm did not identify and test controls over the accuracy and completeness of system reports that the issuer used in the operation of its controls that the firm selected for testing. (AS 2301.16) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 16 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The firm did not identify and test controls over the accuracy and completeness of system reports that the issuer used in the operation of its controls that the firm selected for testing. (AS 2301.16) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 2301 16 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 16 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 2301 18 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 18 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 2301 37 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 37 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 2315 19 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 19 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 2315 23 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 2315 23A The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23A The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of control reliance that was not supported due to the deficiency described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 3 AS 2301 41 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm did not perform any procedures to examine a material adjustment the issuer made to revenue during the course of preparing the financial statements. (AS 2301.41) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 41 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm did not perform any procedures to examine a material adjustment the issuer made to revenue during the course of preparing the financial statements. (AS 2301.41) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 4 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm did not perform any procedures to test or identify and test controls over as discussed above the accuracy and completeness of a report used by the firm to test certain deferred revenue. (AS 1105.10) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm did not perform any procedures to test or identify and test controls over as discussed above the accuracy and completeness of a report used by the firm to test certain deferred revenue. (AS 1105.10) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm selected a sample of invoices to test accounts receivable. The firm did not perform sufficient procedures to test certain invoices because the firm limited its procedures to reviewing the invoice and inquiry of management. (AS 2301.08) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 6 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of certain reports it used to test the allowance for doubtful accounts. (AS 1105.10) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not test the existence completeness accuracy and fair value of the tangible assets acquired and liabilities assumed as of the acquisition date. (AS 2301.08; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2501 7 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not test the existence completeness accuracy and fair value of the tangible assets acquired and liabilities assumed as of the acquisition date. (AS 2301.08; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A1 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A2 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A3 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A4 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A5 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A6 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A7 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A8 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A9 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 2501 7 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not perform procedures to test the fair value of the intangible assets and certain of the paid consideration beyond obtaining the draft report from the company's specialist. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond testing certain terms related to the paid consideration and performing certain recalculations. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 9 AS 2810 30 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure related to this business combination required by FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 9 AS 2810 31 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. During the year the issuer acquired a business and engaged an external specialist to assist in determining the fair value of the consideration and intangible assets. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure related to this business combination required by FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 10 AS 2401 61 The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm did not consider fraud characteristics in identifying and selecting journal entries and other adjustments for testing. (AS 2401.61) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2810 30 During the year the issuer acquired a business. The firm did not identify and evaluate a departure from GAAP related to the issuer's valuation of the acquiree's investment in the acquirer. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for this acquisition and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure related to this business combination required by FASB ASC Topic 805. (AS 2810.30 and .31) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure related to this business combination required by FASB ASC Topic 805. (AS 2810.30 and .31) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2024 United States 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Investment 1 AS 1105 10 The issuer performed a qualitative assessment of impairment of an investment and concluded that it was not impaired. The firm did not perform procedures beyond inquiry to test the accuracy of certain issuer-produced information included in the assessment to support the issuer's conclusion. (AS 1105.10) Triennially Inspected 273 Prager Metis CPAs, LLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2301 8 The firm did not perform procedures to evaluate the issuer's conclusion that there were no indicators of potential impairment related to its intangible assets even though the firm was aware that such conditions existed. (AS 2301.08; AS 2810.03) Triennially Inspected 273 Prager Metis CPAs, LLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2810 3 The firm did not perform procedures to evaluate the issuer's conclusion that there were no indicators of potential impairment related to its intangible assets even though the firm was aware that such conditions existed. (AS 2301.08; AS 2810.03) Triennially Inspected 273 Prager Metis CPAs, LLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient procedures to test those journal entries because it limited its procedures to certain entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2315 16 The firm's substantive procedures to test certain revenue included testing a sample of transactions. The sample size the firm used to perform these substantive procedures was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including the relationship of the samples to the relevant audit objective and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2315 19 The firm's substantive procedures to test certain revenue included testing a sample of transactions. The sample size the firm used to perform these substantive procedures was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including the relationship of the samples to the relevant audit objective and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2315 23 The firm's substantive procedures to test certain revenue included testing a sample of transactions. The sample size the firm used to perform these substantive procedures was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including the relationship of the samples to the relevant audit objective and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2315 23A The firm's substantive procedures to test certain revenue included testing a sample of transactions. The sample size the firm used to perform these substantive procedures was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including the relationship of the samples to the relevant audit objective and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2310 29 The firm sent positive confirmation requests via email to a sample of customers as part of its substantive testing of accounts receivable and the email address for each customer was provided by the issuer. The firm received the responses for all but one of the confirmation requests sent via email. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source of the confirmation responses. (AS 2310.29) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed the Long-Lived Assets area but did not identify certain of the deficiencies below related to this area. The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its proved and expected oil and gas reserves (“reserve estimates”). Proved reserves were used in the calculation of depreciation depletion and amortization of production plants and oil and gas assets and expected reserve estimates were used in the impairment analyses of production plants and oil and gas assets including assets under development. The issuer also engaged an external specialist (company's engaged specialist) to evaluate its proved reserve estimates. The firm selected for testing certain controls over the reserve estimates that consisted of the issuer's (1) review of changes to the expected future production volumes (“production profile”) (2) review of key assumptions within the remaining expected production profile estimates (3) assessment of deviations between the expected reserve estimates the company's employed specialists developed and the expected reserve estimates the company's engaged specialist developed (4) review of changes in proved developed and undeveloped reserves (5) review of the proved reserve estimates volumetric inputs in the standardized measure of value and (6) review of the final proved reserve estimates. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of certain non-financial data the issuer produced and/or the evaluation of the relevance and reliability of certain non-financial data from external sources that was (1) used in developing the reserves production profiles and/or standardized measure of value (2) used in the operation of certain of the above controls and (3) provided to the company's engaged specialist to evaluate the issuer's reserve estimates. (AS 2201.39) · The firm did not identify and test any controls over the reasonableness of the methods and assumptions the company's employed specialists used to develop the reserve estimates. (AS 2201.39) · The firm did not evaluate the specific review procedures that the control owners performed to evaluate the accuracy and completeness of the underlying non-financial data used in developing the reserves production profiles and/or standardized measure of value used in the operation of certain of the above controls. (AS 2201.42 and .44) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed the Long-Lived Assets area but did not identify certain of the deficiencies below related to this area. The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its proved and expected oil and gas reserves (“reserve estimates”). Proved reserves were used in the calculation of depreciation depletion and amortization of production plants and oil and gas assets and expected reserve estimates were used in the impairment analyses of production plants and oil and gas assets including assets under development. The issuer also engaged an external specialist (company's engaged specialist) to evaluate its proved reserve estimates. The firm selected for testing certain controls over the reserve estimates that consisted of the issuer's (1) review of changes to the expected future production volumes (“production profile”) (2) review of key assumptions within the remaining expected production profile estimates (3) assessment of deviations between the expected reserve estimates the company's employed specialists developed and the expected reserve estimates the company's engaged specialist developed (4) review of changes in proved developed and undeveloped reserves (5) review of the proved reserve estimates volumetric inputs in the standardized measure of value and (6) review of the final proved reserve estimates. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of certain non-financial data the issuer produced and/or the evaluation of the relevance and reliability of certain non-financial data from external sources that was (1) used in developing the reserves production profiles and/or standardized measure of value (2) used in the operation of certain of the above controls and (3) provided to the company's engaged specialist to evaluate the issuer's reserve estimates. (AS 2201.39) · The firm did not identify and test any controls over the reasonableness of the methods and assumptions the company's employed specialists used to develop the reserve estimates. (AS 2201.39) · The firm did not evaluate the specific review procedures that the control owners performed to evaluate the accuracy and completeness of the underlying non-financial data used in developing the reserves production profiles and/or standardized measure of value used in the operation of certain of the above controls. (AS 2201.42 and .44) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed the Long-Lived Assets area but did not identify certain of the deficiencies below related to this area. The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its proved and expected oil and gas reserves (“reserve estimates”). Proved reserves were used in the calculation of depreciation depletion and amortization of production plants and oil and gas assets and expected reserve estimates were used in the impairment analyses of production plants and oil and gas assets including assets under development. The issuer also engaged an external specialist (company's engaged specialist) to evaluate its proved reserve estimates. The firm selected for testing certain controls over the reserve estimates that consisted of the issuer's (1) review of changes to the expected future production volumes (“production profile”) (2) review of key assumptions within the remaining expected production profile estimates (3) assessment of deviations between the expected reserve estimates the company's employed specialists developed and the expected reserve estimates the company's engaged specialist developed (4) review of changes in proved developed and undeveloped reserves (5) review of the proved reserve estimates volumetric inputs in the standardized measure of value and (6) review of the final proved reserve estimates. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of certain non-financial data the issuer produced and/or the evaluation of the relevance and reliability of certain non-financial data from external sources that was (1) used in developing the reserves production profiles and/or standardized measure of value (2) used in the operation of certain of the above controls and (3) provided to the company's engaged specialist to evaluate the issuer's reserve estimates. (AS 2201.39) · The firm did not identify and test any controls over the reasonableness of the methods and assumptions the company's employed specialists used to develop the reserve estimates. (AS 2201.39) · The firm did not evaluate the specific review procedures that the control owners performed to evaluate the accuracy and completeness of the underlying non-financial data used in developing the reserves production profiles and/or standardized measure of value used in the operation of certain of the above controls. (AS 2201.42 and .44) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed the Long-Lived Assets area but did not identify certain of the deficiencies below related to this area. The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its proved and expected oil and gas reserves (“reserve estimates”). Proved reserves were used in the calculation of depreciation depletion and amortization of production plants and oil and gas assets and expected reserve estimates were used in the impairment analyses of production plants and oil and gas assets including assets under development. The issuer also engaged an external specialist (company's engaged specialist) to evaluate its proved reserve estimates. The firm selected for testing certain controls over the reserve estimates that consisted of the issuer's (1) review of changes to the expected future production volumes (“production profile”) (2) review of key assumptions within the remaining expected production profile estimates (3) assessment of deviations between the expected reserve estimates the company's employed specialists developed and the expected reserve estimates the company's engaged specialist developed (4) review of changes in proved developed and undeveloped reserves (5) review of the proved reserve estimates volumetric inputs in the standardized measure of value and (6) review of the final proved reserve estimates. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of certain non-financial data the issuer produced and/or the evaluation of the relevance and reliability of certain non-financial data from external sources that was (1) used in developing the reserves production profiles and/or standardized measure of value (2) used in the operation of certain of the above controls and (3) provided to the company's engaged specialist to evaluate the issuer's reserve estimates. (AS 2201.39) · The firm did not identify and test any controls over the reasonableness of the methods and assumptions the company's employed specialists used to develop the reserve estimates. (AS 2201.39) · The firm did not evaluate the specific review procedures that the control owners performed to evaluate the accuracy and completeness of the underlying non-financial data used in developing the reserves production profiles and/or standardized measure of value used in the operation of certain of the above controls. (AS 2201.42 and .44) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed the Long-Lived Assets area but did not identify certain of the deficiencies below related to this area. The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its proved and expected oil and gas reserves (“reserve estimates”). Proved reserves were used in the calculation of depreciation depletion and amortization of production plants and oil and gas assets and expected reserve estimates were used in the impairment analyses of production plants and oil and gas assets including assets under development. The issuer also engaged an external specialist (company's engaged specialist) to evaluate its proved reserve estimates. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Perform procedures to test or test any controls over the accuracy and completeness of certain non-financial data the issuer prepared and the company's employed specialists used to develop the reserve estimates; (AS 1105.A8a) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed the Long-Lived Assets area but did not identify certain of the deficiencies below related to this area. The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its proved and expected oil and gas reserves (“reserve estimates”). Proved reserves were used in the calculation of depreciation depletion and amortization of production plants and oil and gas assets and expected reserve estimates were used in the impairment analyses of production plants and oil and gas assets including assets under development. The issuer also engaged an external specialist (company's engaged specialist) to evaluate its proved reserve estimates. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate the relevance and reliability of external non-financial data the company's employed specialists used to develop the reserve estimates; (AS 1105.A8a) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 1105 A8b The firm's internal inspection program had inspected this audit and reviewed the Long-Lived Assets area but did not identify certain of the deficiencies below related to this area. The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its proved and expected oil and gas reserves (“reserve estimates”). Proved reserves were used in the calculation of depreciation depletion and amortization of production plants and oil and gas assets and expected reserve estimates were used in the impairment analyses of production plants and oil and gas assets including assets under development. The issuer also engaged an external specialist (company's engaged specialist) to evaluate its proved reserve estimates. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate the reasonableness of the significant assumptions developed by the issuer and the company's employed specialists that were used by the company's employed specialists to develop the reserve estimates; (AS 1105.A8b; AS 2501.16) and Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed the Long-Lived Assets area but did not identify certain of the deficiencies below related to this area. The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its proved and expected oil and gas reserves (“reserve estimates”). Proved reserves were used in the calculation of depreciation depletion and amortization of production plants and oil and gas assets and expected reserve estimates were used in the impairment analyses of production plants and oil and gas assets including assets under development. The issuer also engaged an external specialist (company's engaged specialist) to evaluate its proved reserve estimates. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate the reasonableness of the significant assumptions developed by the issuer and the company's employed specialists that were used by the company's employed specialists to develop the reserve estimates; (AS 1105.A8b; AS 2501.16) and Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A8c The firm's internal inspection program had inspected this audit and reviewed the Long-Lived Assets area but did not identify certain of the deficiencies below related to this area. The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its proved and expected oil and gas reserves (“reserve estimates”). Proved reserves were used in the calculation of depreciation depletion and amortization of production plants and oil and gas assets and expected reserve estimates were used in the impairment analyses of production plants and oil and gas assets including assets under development. The issuer also engaged an external specialist (company's engaged specialist) to evaluate its proved reserve estimates. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate whether the methods the company's employed specialists used to develop the reserve estimates were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework. (AS 1105.A8c) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 1 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. Among other procedures the principal auditor instructed the firm to (1) compare the contract terms of receivables acquired during the year to the contract summary to ensure that it provided a complete and accurate reflection of the contract details and (2) test the accuracy of key customer data in the component's customer collections system. The firm did not perform these substantive procedures as instructed by the principal auditor. (AS 2301.08) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm selected for testing certain controls over deposit liabilities that consisted of the issuer's reconciliation and review of deposit payment requests. The firm did not evaluate the specific review procedures that the control owners performed to ensure that deposits were not refunded incorrectly or fraudulently in the approval of withdrawal requests and to ensure the accuracy of the interest-bearing deposits account reconciliations. (AS 2201.42 and .44) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm selected for testing certain controls over deposit liabilities that consisted of the issuer's reconciliation and review of deposit payment requests. The firm did not evaluate the specific review procedures that the control owners performed to ensure that deposits were not refunded incorrectly or fraudulently in the approval of withdrawal requests and to ensure the accuracy of the interest-bearing deposits account reconciliations. (AS 2201.42 and .44) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 3 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The firm did not perform any substantive procedures to test withdrawal activity during the year. (AS 2301.08) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 4 AS 2301 45 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The firm did not perform any procedures to extend its conclusions regarding the existence and completeness of deposit liabilities from the interim date in which the audit procedures were performed to year-end. (AS 2301.45) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 5 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the completeness of the report from which it selected its samples for testing beyond reviewing the parameters used to generate the report. (AS 1105.10) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 6 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The firm did not examine the support for customer statements and proof of deposits in the accounting system as it had communicated to the principal auditor. (AS 2301.08) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 7 AS 2301 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 7 AS 2301 18 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 7 AS 2301 37 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 7 AS 2315 19 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 7 AS 2315 23 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1572 Ernst & Young AS 2023 Norway Ernst & Young Global Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 7 AS 2315 23A The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2301 18 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. The firm relied on controls it selected for testing in its approach to testing inventory. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2301.18) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. The firm relied on controls it selected for testing in its approach to testing inventory. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ? The firm selected for testing certain controls over change management and user access but did not perform procedures to test or test any controls over the completeness of the population of items from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 19 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. The firm relied on controls it selected for testing in its approach to testing inventory. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ? The firm selected for testing a control that consisted of the issuer's periodic review of user access to one of its IT systems. The firm however did not perform procedures to test the design and operating effectiveness of this control. (AS 2301.19 and .21) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 21 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. The firm relied on controls it selected for testing in its approach to testing inventory. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ? The firm selected for testing a control that consisted of the issuer's periodic review of user access to one of its IT systems. The firm however did not perform procedures to test the design and operating effectiveness of this control. (AS 2301.19 and .21) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2301 16 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. The firm relied on controls it selected for testing in its approach to testing inventory. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ? The firm selected for testing a control over the authorization and restriction of privileged access to one of its systems. The firm did not perform sufficient procedures to test this control because it limited its procedures to testing that one type of privileged access was restricted at a point in time during the year. (AS 2301.16 and .21) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2301 21 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. The firm relied on controls it selected for testing in its approach to testing inventory. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ? The firm selected for testing a control over the authorization and restriction of privileged access to one of its systems. The firm did not perform sufficient procedures to test this control because it limited its procedures to testing that one type of privileged access was restricted at a point in time during the year. (AS 2301.16 and .21) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2301 34 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. The firm relied on controls it selected for testing in its approach to testing inventory. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ? For one of its IT systems the firm identified control deficiencies related to (1) developers having inappropriate access to the production environment and (2) the lack of monitoring of user activity. The firm did not evaluate the severity of these deficiencies and the effect on its control risk assessments. (AS 2301.34) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2301 19 The firm selected for testing certain controls that consisted of the issuer's review of the costs at which inventory is recorded. For these controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2301 21 The firm selected for testing certain controls that consisted of the issuer's review of the costs at which inventory is recorded. For these controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test inventory costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test inventory costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test inventory costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test inventory costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test inventory costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test inventory costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 8 AS 1105 10 For certain inventory the firm did not perform any procedures to test or as discussed above sufficiently test controls over the accuracy and completeness of an inventory aging report generated from the one of the issuer's IT systems it used to test the issuer's obsolete inventory reserve. (AS 1105.10) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Possible Illegal Acts 1 AS 2405 10 The firm became aware through discussions with the issuer's audit committee and a review of whistleblower program records of two incidents involving the improper authorization of lease agreements by a manager acting on behalf of the issuer. The firm did not take sufficient action in response to these possible illegal acts because (1) it limited its procedures to inquiry and reading the issuer's whistleblower reporting summary and (2) it did not evaluate the effect on the financial statements as well as consider the implications for other aspects of the audit. (AS 2405.10 and .12) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Possible Illegal Acts 1 AS 2405 12 The firm became aware through discussions with the issuer's audit committee and a review of whistleblower program records of two incidents involving the improper authorization of lease agreements by a manager acting on behalf of the issuer. The firm did not take sufficient action in response to these possible illegal acts because (1) it limited its procedures to inquiry and reading the issuer's whistleblower reporting summary and (2) it did not evaluate the effect on the financial statements as well as consider the implications for other aspects of the audit. (AS 2405.10 and .12) Triennially Inspected 1818 BDO China Shu Lun Pan Certified Public Accountants LLP 2024 China BDO International Limited 2025-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Possible Illegal Acts 2 AS 2201 B8 The firm became aware through discussions with the issuer's audit committee and a review of whistleblower program records of two incidents involving the improper authorization of lease agreements by a manager acting on behalf of the issuer. The firm did not evaluate the effect of these possible illegal acts on the effectiveness of the issuer's internal control over financial reporting. (AS 2201.B8) Triennially Inspected 2256 BDO Audit Pty Ltd 2024 Australia BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's selected a sample of transactions to test certain revenue. The firm did not perform any procedures to test whether certain of these transactions were appropriately recognized as revenue. Further for certain other transactions the firm did not perform sufficient procedures to test the related revenue because it limited its procedures to vouching to cash receipts. (AS 2301.08 and .13) Triennially Inspected 2256 BDO Audit Pty Ltd 2024 Australia BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's selected a sample of transactions to test certain revenue. The firm did not perform any procedures to test whether certain of these transactions were appropriately recognized as revenue. Further for certain other transactions the firm did not perform sufficient procedures to test the related revenue because it limited its procedures to vouching to cash receipts. (AS 2301.08 and .13) Triennially Inspected 2256 BDO Audit Pty Ltd 2024 Australia BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate Significant Risk 2 AS 2501 16 The firm's approach for substantively testing a significant estimate was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of a significant assumption used by the issuer to develop this estimate beyond testing the mathematical accuracy of the calculation. (AS 2501.16) Triennially Inspected 2256 BDO Audit Pty Ltd 2024 Australia BDO International Limited 2025-04-28T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm did not perform any procedures to test or identify and test any controls over the completeness of certain issuer-prepared information used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 2256 BDO Audit Pty Ltd 2024 Australia BDO International Limited 2025-04-28T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2510 12 The issuer performed inventory counts prior to year end. The firm obtained issuer-prepared roll-forward analyses but did not perform procedures to test the completeness of the intervening transactions. (AS 2510.12) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform a test of details to address an identified fraud risk related to certain revenue; (AS 2301.08 and .13) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform a test of details to address an identified fraud risk related to certain revenue; (AS 2301.08 and .13) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not evaluate whether a certain contract was with a customer and whether the issuer had identified all of the performance obligations; (AS 2301.08 and .13) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not evaluate whether a certain contract was with a customer and whether the issuer had identified all of the performance obligations; (AS 2301.08 and .13) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not evaluate whether the counterparty for one contract was a customer or acting as an agent for the issuer; (AS 2301.08 and .13) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm did not evaluate whether the counterparty for one contract was a customer or acting as an agent for the issuer; (AS 2301.08 and .13) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2410 14 The firm did not evaluate whether certain contracts constituted transactions with related parties requiring disclosure within the financial statements; (AS 2410.14 and .17) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2410 17 The firm did not evaluate whether certain contracts constituted transactions with related parties requiring disclosure within the financial statements; (AS 2410.14 and .17) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 The firm did not perform any procedures to test the allocation of the transaction price to the separate performance obligations for a certain contract; (AS 2301.08 and .13) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 13 The firm did not perform any procedures to test the allocation of the transaction price to the separate performance obligations for a certain contract; (AS 2301.08 and .13) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 8 The firm did not evaluate for a certain type of revenue whether it was probable that the issuer would collect substantially all of the consideration to which the issuer was entitled in exchange for the satisfaction of its performance obligations. (AS 2301.08 and .13) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 13 The firm did not evaluate for a certain type of revenue whether it was probable that the issuer would collect substantially all of the consideration to which the issuer was entitled in exchange for the satisfaction of its performance obligations. (AS 2301.08 and .13) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2301 8 The issuer disclosed disaggregated revenue by source. The firm did not test the accuracy and completeness of the disclosure including addressing a difference between the amounts disclosed and the amounts per the firm's work papers. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2301 13 The issuer disclosed disaggregated revenue by source. The firm did not test the accuracy and completeness of the disclosure including addressing a difference between the amounts disclosed and the amounts per the firm's work papers. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2810 3 The issuer disclosed disaggregated revenue by source. The firm did not test the accuracy and completeness of the disclosure including addressing a difference between the amounts disclosed and the amounts per the firm's work papers. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Fraud Risk 8 AS 2310 33 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. For confirmations returned with exceptions and for those for which differences were identified through alternative procedures the firm did not sufficiently evaluate the nature of those exceptions as it limited its procedures to inquiry. (AS 2310.33) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 9 AS 1105 A8c The issuer engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not sufficiently evaluate whether methods the company's specialist used to determine the fair value of these assets were appropriate because the firm did not evaluate whether the data and significant assumptions were appropriately applied under the applicable financial reporting framework. (AS 1105.A8c) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 10 AS 1105 A8b The issuer engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the issuer and the company's specialist that were used by the company's specialist to determine the fair value of these assets. (AS 1105.A8b; AS 2501.16) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 10 AS 2501 16 The issuer engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the issuer and the company's specialist that were used by the company's specialist to determine the fair value of these assets. (AS 1105.A8b; AS 2501.16) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 11 AS 2501 16 The issuer engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm developed an expectation of certain other significant assumptions developed by the issuer and used by the company's specialist to evaluate their reasonableness. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not (i) perform procedures to demonstrate that it had a reasonable basis for a component of the assumptions and (ii) did not evaluate the significant differences between its expectations and the assumptions. (AS 2501.16) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 12 AS 1105 A8b The issuer engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption used by the company's specialist because it limited its procedures to a comparison to a similar assumption used by the issuer in the prior year. (AS 1105.A8b) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 13 AS 2301 8 The following deficiency was identified related to certain other assets: · The firm did not sufficiently test the existence and fair value of certain assets because it limited its testing to determining that certain subsequent payments were received. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 13 AS 2301 11 The following deficiency was identified related to certain other assets: · The firm did not sufficiently test the existence and fair value of certain assets because it limited its testing to determining that certain subsequent payments were received. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 13 AS 2501 7 The following deficiency was identified related to certain other assets: · The firm did not sufficiently test the existence and fair value of certain assets because it limited its testing to determining that certain subsequent payments were received. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 14 AS 2301 8 The following deficiency was identified related to certain other assets: · The firm did not perform any procedures to test the existence and fair value of certain other assets. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 14 AS 2301 11 The following deficiency was identified related to certain other assets: · The firm did not perform any procedures to test the existence and fair value of certain other assets. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 14 AS 2501 7 The following deficiency was identified related to certain other assets: · The firm did not perform any procedures to test the existence and fair value of certain other assets. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 15 AS 2301 8 The following deficiency was identified related to certain other assets: · The firm did not perform any procedures to evaluate the completeness of certain other assets including evaluating contrary evidence. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 15 AS 2301 11 The following deficiency was identified related to certain other assets: · The firm did not perform any procedures to evaluate the completeness of certain other assets including evaluating contrary evidence. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 15 AS 2810 3 The following deficiency was identified related to certain other assets: · The firm did not perform any procedures to evaluate the completeness of certain other assets including evaluating contrary evidence. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 16 AS 2501 16 The following deficiency was identified related to certain other assets: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption for one of these assets because it did not evaluate the significant difference between this assumption and a related significant assumption used by the issuer in another estimate tested. (AS 2501.16) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 17 AS 2301 8 The following deficiency was identified related to certain liabilities: · The firm did not perform any procedures to test the completeness and fair value of certain liabilities. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 17 AS 2301 11 The following deficiency was identified related to certain liabilities: · The firm did not perform any procedures to test the completeness and fair value of certain liabilities. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 17 AS 2501 7 The following deficiency was identified related to certain liabilities: · The firm did not perform any procedures to test the completeness and fair value of certain liabilities. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 18 AS 1105 A10 The following deficiency was identified related to certain liabilities: · The firm did not perform procedures to test the fair value of certain other liabilities beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 18 AS 1105 A6 The following deficiency was identified related to certain liabilities: · The firm did not perform procedures to test the fair value of certain other liabilities beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 18 AS 1105 A7 The following deficiency was identified related to certain liabilities: · The firm did not perform procedures to test the fair value of certain other liabilities beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 18 AS 1105 A8 The following deficiency was identified related to certain liabilities: · The firm did not perform procedures to test the fair value of certain other liabilities beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 18 AS 1105 A9 The following deficiency was identified related to certain liabilities: · The firm did not perform procedures to test the fair value of certain other liabilities beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 18 AS 2501 7 The following deficiency was identified related to certain liabilities: · The firm did not perform procedures to test the fair value of certain other liabilities beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 19 AS 1105 27 The following deficiency was identified related to certain liabilities: · The firm did not perform sufficient procedures to test the completeness and valuation of certain other liabilities because it limited its procedures to cut-off testing. Further the firm inappropriately projected the results of its cut-off testing including misstatements identified to the entire balance of those liabilities. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 19 AS 2301 8 The following deficiency was identified related to certain liabilities: · The firm did not perform sufficient procedures to test the completeness and valuation of certain other liabilities because it limited its procedures to cut-off testing. Further the firm inappropriately projected the results of its cut-off testing including misstatements identified to the entire balance of those liabilities. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 19 AS 2301 11 The following deficiency was identified related to certain liabilities: · The firm did not perform sufficient procedures to test the completeness and valuation of certain other liabilities because it limited its procedures to cut-off testing. Further the firm inappropriately projected the results of its cut-off testing including misstatements identified to the entire balance of those liabilities. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 20 AS 2501 22 The following deficiency was identified related to certain liabilities: · The firm did not perform procedures beyond inquiry to demonstrate that it had a reasonable basis for an assumption it derived and used in developing its independent expectation of the fair value of another liability. (AS 2501.22) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 21 AS 1105 10 The following deficiency was identified related to certain liabilities: · The firm did not perform any procedures to test or in the alternative identify and test controls over the accuracy and completeness of data it used to develop its independent expectation. (AS 1105.10) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 22 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of or inaccurate disclosures regarding certain assets and liabilities. (AS 2810.30 and .31) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 22 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of or inaccurate disclosures regarding certain assets and liabilities. (AS 2810.30 and .31) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 1 AS 2501 22 The firm did not perform any procedures to demonstrate that it had a reasonable basis for assumptions it derived and used to develop an independent expectation of an estimate related to certain assets. (AS 2501.22) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 2 AS 1105 10 The firm did not perform any procedures to test or identify and test controls over the accuracy of certain reports it used to develop this independent expectation. (AS 1105.10) Triennially Inspected 5905 Rosenfield & Co PLLC 2024 United States 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 The firm identified journal entries that met certain fraud criteria but did not examine the underlying support for the entries. (AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer used an information technology (IT) system to process certain revenue transactions under multiple revenue recognition scenarios. To reduce the extent of its substantive procedures for this revenue the firm tested and placed reliance on certain IT general controls (ITGCs). The following deficiencies were identified: · The firm selected for testing a change management control over this IT system that consisted of the testing and approval of system changes prior to their migration into the production environment. The issuer documented system changes in tickets that were entered into a change ticket tracking system. The firm did not perform sufficient procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing this control because it limited its procedures to obtaining a list of change tickets from the change ticket tracking system without performing procedures to determine if there were changes that were not captured in that system. (AS 1105.10) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 19 The issuer used an information technology (IT) system to process certain revenue transactions under multiple revenue recognition scenarios. To reduce the extent of its substantive procedures for this revenue the firm tested and placed reliance on certain IT general controls (ITGCs). The following deficiencies were identified: · The firm selected for testing another change management control over this IT system that consisted of the restriction of access to migrate system changes from the development environment into the production environment. The firm did not identify and evaluate a control design deficiency related to certain IT users that had the ability to develop system changes and migrate system changes from the development environment into the production environment. (AS 2301.19) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 8 The issuer used an information technology (IT) system to process certain revenue transactions under multiple revenue recognition scenarios. To reduce the extent of its substantive procedures for this revenue the firm tested and placed reliance on certain IT general controls (ITGCs). The following deficiencies were identified: · The firm did not perform sufficient procedures to test this revenue because it did not test (1) whether this IT system appropriately processed this revenue under each of the revenue recognition scenarios and (2) the inputs used in determining the revenue recognized. (AS 2301.08) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 1105 10 The issuer used an information technology (IT) system to process certain revenue transactions under multiple revenue recognition scenarios. To reduce the extent of its substantive procedures for this revenue the firm tested and placed reliance on certain IT general controls (ITGCs). The firm did not perform procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data that it used to substantively test this revenue and certain other revenue. (AS 1105.10) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 5 AS 2501 16 The issuer evaluated goodwill and intangible assets for impairment for one reporting unit using a discounted cash flow model (“DCF model”) which was developed using various assumptions. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions related to forecasted operating expenses used by the issuer in its goodwill and intangible assets impairment analysis. (AS 2501.16) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 6 AS 2501 16 The issuer evaluated goodwill and intangible assets for impairment for one reporting unit using a discounted cash flow model (“DCF model”) which was developed using various assumptions. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of the significant assumptions related to forecasted revenue used by the issuer in its goodwill and intangible assets impairment analysis as it limited its procedures to recalculating the compounded annual growth rate (CAGR) for revenue based on projected financial information and comparing it to the CAGR for the industry without evaluating the projected financial information. Further the firm did not evaluate the difference between the recalculated CAGR and the CAGR for the industry. (AS 2501.16) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Fraud Considerations 7 AS 2301 8 Certain users of the issuer's accounting system were identified as having the ability to create and approve manual journal entries. The firm did not identify and select journal entries for testing or perform other audit procedures to specifically address this risk. (AS 2301.08; AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Fraud Considerations 7 AS 2401 61 Certain users of the issuer's accounting system were identified as having the ability to create and approve manual journal entries. The firm did not identify and select journal entries for testing or perform other audit procedures to specifically address this risk. (AS 2301.08; AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 8 AS 2401 61 The firm identified certain fraud criteria and obtained a listing of all journal entries that met the criteria. The firm did not examine the underlying support for the entries and instead limited its procedures to reading the journal entry descriptions. (AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm was instructed by the principal auditor to perform certain procedures to test revenue including (1) analyzing the amount of inventory held by distributors at year-end (2) testing cash disbursements to distributors and (3) agreeing revenue transactions to cash receipts. The firm did not perform procedures (1) and (3) and for (2) limited its testing of cash disbursements to distributors to those made subsequent to year-end. (AS 2301.08 and .13) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm was instructed by the principal auditor to perform certain procedures to test revenue including (1) analyzing the amount of inventory held by distributors at year-end (2) testing cash disbursements to distributors and (3) agreeing revenue transactions to cash receipts. The firm did not perform procedures (1) and (3) and for (2) limited its testing of cash disbursements to distributors to those made subsequent to year-end. (AS 2301.08 and .13) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm did not identify and test any controls over certain inventory. (AS 2201.39) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm did not perform sufficient procedures to test this inventory as it limited its procedures to (1) confirming the balance with the principal auditor and (2) reconciling the balance to the general ledger. (AS 2301.08) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm was instructed by the principal auditor to test any unusual cost of sales journal entries. The firm did not perform any procedures to identify and test any unusual cost of sales journal entries. (AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Fraud Considerations 1 AS 2301 8 The firm identified a fraud risk related to users of the issuer's accounting system having the ability to create and approve manual journal entries. The firm did not identify and select journal entries for testing or perform other audit procedures to address this risk. (AS 2301.08 and .13; AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Fraud Considerations 1 AS 2301 13 The firm identified a fraud risk related to users of the issuer's accounting system having the ability to create and approve manual journal entries. The firm did not identify and select journal entries for testing or perform other audit procedures to address this risk. (AS 2301.08 and .13; AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Fraud Considerations 1 AS 2401 61 The firm identified a fraud risk related to users of the issuer's accounting system having the ability to create and approve manual journal entries. The firm did not identify and select journal entries for testing or perform other audit procedures to address this risk. (AS 2301.08 and .13; AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2301 8 For one component the firm did not identify and select manual journal entries for testing or perform other audit procedures to specifically address the identified risk related to expenses being recorded in the incorrect accounting period. (AS 2301.08 and .13; AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2301 13 For one component the firm did not identify and select manual journal entries for testing or perform other audit procedures to specifically address the identified risk related to expenses being recorded in the incorrect accounting period. (AS 2301.08 and .13; AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 For one component the firm did not identify and select manual journal entries for testing or perform other audit procedures to specifically address the identified risk related to expenses being recorded in the incorrect accounting period. (AS 2301.08 and .13; AS 2401.61) Triennially Inspected 5988 BDO AG 2023 Switzerland BDO International Limited 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 For another component the firm identified certain fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its procedures to those journal entries. Further the firm did not examine the underlying support for certain of the selected journal entries. (AS 2401.61) Triennially Inspected 6135 Baker Tilly WM LLP 2024 Canada 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 Other Non-PCAOB Standards The issuer engaged a specialist to perform a quantitative assessment of the impairment of certain goodwill. The following deficiency was identified: · The firm did not perform procedures to address the appropriateness of certain significant assumptions developed and used by management's expert in the quantitative assessment. (CAS 500.8; CAS 540.24) Triennially Inspected 6135 Baker Tilly WM LLP 2024 Canada 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 Other Non-PCAOB Standards The issuer engaged a specialist to perform a quantitative assessment of the impairment of certain goodwill. The following deficiency was identified: · The firm did not perform procedures to address the relevance and reliability of certain data the issuer used to develop certain significant assumptions which management's expert used in the quantitative assessment. (CAS 540.25) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Litigation, Claims, and Assessments 1 AS 2505 5 The firm's procedures for identifying litigation claims and assessments and determining whether the financial accounting and reporting of such matters was complete and accurate consisted solely of obtaining letters of audit inquiry from the client's lawyers without evaluating such responses and performing other necessary procedures. (AS 2505.05) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 8 For certain other revenue the following deficiency was identified: · The firm did not perform procedures to evaluate whether the issuer's recognition of this revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2315 16 For certain other revenue the following deficiency was identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2315 19 For certain other revenue the following deficiency was identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2315 23 For certain other revenue the following deficiency was identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2315 23A For certain other revenue the following deficiency was identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2810 30 For certain other revenue the following deficiency was identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's omission of disclosures related to significant payment terms for its customer contracts as required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2810 31 For certain other revenue the following deficiency was identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's omission of disclosures related to significant payment terms for its customer contracts as required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 6 AS 2301 8 The issuer reported convertible notes payable with conversion features that were recorded as derivative liabilities. The following deficiency was identified with respect to convertible notes payable: · The firm did not perform any procedures to test certain convertible notes payable. (AS 2301.08 and .11) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 6 AS 2301 11 The issuer reported convertible notes payable with conversion features that were recorded as derivative liabilities. The following deficiency was identified with respect to convertible notes payable: · The firm did not perform any procedures to test certain convertible notes payable. (AS 2301.08 and .11) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 7 AS 2310 33 The issuer reported convertible notes payable with conversion features that were recorded as derivative liabilities. The following deficiency was identified with respect to convertible notes payable: · The firm sent a positive confirmation request to the issuer's lender for a convertible note payable. The confirmation was returned with an exception and the firm did not consider the nature of the exception and whether additional evidence was needed. (AS 2310.33) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 8 AS 2301 8 The issuer reported convertible notes payable with conversion features that were recorded as derivative liabilities. The following deficiency was identified with respect to convertible notes payable: · The firm did not perform any procedures to test the unamortized debt discount related to the convertible notes payable. (AS 2301.08 and .11) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 8 AS 2301 11 The issuer reported convertible notes payable with conversion features that were recorded as derivative liabilities. The following deficiency was identified with respect to convertible notes payable: · The firm did not perform any procedures to test the unamortized debt discount related to the convertible notes payable. (AS 2301.08 and .11) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 9 AS 2301 8 The issuer reported convertible notes payable with conversion features that were recorded as derivative liabilities. The following deficiency was identified with respect to convertible notes payable: · The firm did not perform any procedures to test the disclosures related to the convertible notes payable. (AS 2301.08 and .11) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 9 AS 2301 11 The issuer reported convertible notes payable with conversion features that were recorded as derivative liabilities. The following deficiency was identified with respect to convertible notes payable: · The firm did not perform any procedures to test the disclosures related to the convertible notes payable. (AS 2301.08 and .11) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 10 AS 2301 8 The following deficiency was identified with respect to the derivative liabilities recorded for the conversion features embedded in the convertible debt: · The firm did not perform any procedures to evaluate the accounting treatment of the embedded conversion features as derivative liabilities. (AS 2301.08 and .11) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 10 AS 2301 11 The following deficiency was identified with respect to the derivative liabilities recorded for the conversion features embedded in the convertible debt: · The firm did not perform any procedures to evaluate the accounting treatment of the embedded conversion features as derivative liabilities. (AS 2301.08 and .11) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 11 AS 2501 7 The following deficiency was identified with respect to the derivative liabilities recorded for the conversion features embedded in the convertible debt: · The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading a company-provided memo. (AS 2501.07) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 12 AS 2301 8 The following deficiency was identified with respect to the derivative liabilities recorded for the conversion features embedded in the convertible debt: · The firm did not perform any procedures to test the disclosures related to the derivative liabilities. (AS 2301.08 and .11) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 12 AS 2301 11 The following deficiency was identified with respect to the derivative liabilities recorded for the conversion features embedded in the convertible debt: · The firm did not perform any procedures to test the disclosures related to the derivative liabilities. (AS 2301.08 and .11) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 13 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Liability Significant Risk 1 AS 2310 31 The firm sent a positive confirmation request for a liability at year end. The respondent did not respond to the aspect of the confirmation request related to the amount of liability outstanding and informed the firm that the loans were sold to another entity. The firm did not perform any alternative procedures including confirmation with the purchaser of the loans. (AS 2310.31) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2410 12 he firm did not perform procedures to test the identified transactions with related parties including whether the transactions were properly accounted for and disclosed in the issuer's financial statements beyond inquiry and obtaining information provided by the issuer about the transactions. (AS 2410.12 and .17) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2410 17 he firm did not perform procedures to test the identified transactions with related parties including whether the transactions were properly accounted for and disclosed in the issuer's financial statements beyond inquiry and obtaining information provided by the issuer about the transactions. (AS 2410.12 and .17) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2410 14 The firm did not evaluate whether the issuer had properly identified all of its related parties and relationships and transactions with related parties including testing the accuracy and completeness of the related parties and relationships and transactions with related parties identified by the issuer. (AS 2410.14 and .17) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2410 17 The firm did not evaluate whether the issuer had properly identified all of its related parties and relationships and transactions with related parties including testing the accuracy and completeness of the related parties and relationships and transactions with related parties identified by the issuer. (AS 2410.14 and .17) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 4 AS 2410 17 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; 2810.30 and .31) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 4 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; 2810.30 and .31) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 4 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; 2810.30 and .31) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transactions 5 AS 2401 67 The issuer entered into certain significant transactions during the year. The firm did not evaluate the business purpose (or lack thereof) of these transactions that appeared unusual due to the timing size or nature including whether they may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets given certain facts regarding these transactions. (AS 2401.67) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transactions 6 AS 2301 8 In addition the firm did not perform procedures to test the transactions including the appropriateness of the accounting treatment the valuation and the related disclosures. (AS 2301.08) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Subsequent Events 8 AS 2301 8 The firm did not perform procedures to test a subsequent event transaction beyond inquiry and obtaining a board resolution regarding the planned transaction. (AS 2301.08) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Liabilities 1 AS 2301 8 The firm did not perform any procedures to test certain liabilities. (AS 2301.08) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Liabilities 2 AS 2310 29 To test another liability the firm sent a positive confirmation request to an external party and received the response via email. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Liabilities 3 AS 2301 8 To test another liability the firm sent a positive confirmation request to an external party and received the response via email. The firm obtained bank statements showing certain deposits related to this liability. The firm did not perform procedures to verify the source of those deposits. (AS 2301.08) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 4 AS 2410 12 The firm did not perform procedures to test certain related party transactions and balances including whether they were properly disclosed in the financial statements beyond inquiry with management. (AS 2410.12 and .17) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 4 AS 2410 17 The firm did not perform procedures to test certain related party transactions and balances including whether they were properly disclosed in the financial statements beyond inquiry with management. (AS 2410.12 and .17) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Share-Based Payment Transactions 5 AS 2301 8 The issuer issued stock in exchange for services provided. The firm did not perform any procedures to test whether share-based expenses were recognized in the appropriate period and in accordance with the terms of the relevant agreements including whether the issuance of shares of common stock was approved by the issuer's Board of Directors. (AS 2301.08) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Share-Based Payment Transactions 6 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures related to certain share-based payment transactions required by FASB ASC Topic 718 Compensation—Stock Compensation. (AS 2810.30 and .31) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Share-Based Payment Transactions 6 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures related to certain share-based payment transactions required by FASB ASC Topic 718 Compensation—Stock Compensation. (AS 2810.30 and .31) Triennially Inspected 6662 M. S. Madhava Rao 2023 India 2025-04-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 30 PricewaterhouseCoopers SpA 2023 Italy PricewaterhouseCoopers International Limited 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 2201 42 The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The issuer also engaged external reserve engineers (company's engaged specialists) to audit and evaluate its proven reserves on a rotational basis. The firm selected for testing certain reserve governance controls that included the issuer's (1) review and verification of the internal and external data including non-financial data future production volumes (“production profiles”) and other relevant data used to determine its reserve estimates (2) evaluation of the appropriateness of its reserve classifications and (3) evaluation of the consistency of its reserve estimates with the results of the review performed by the company's engaged specialists. The following deficiencies were identified: · The firm did not test aspects of the reserve governance controls that (1) addressed the accuracy and completeness of non-financial data produced by the issuer and (2) evaluated the relevance and reliability of non-financial data from external sources used by the control owners in their review of the production profiles. (AS 2201.42 and .44) Triennially Inspected 30 PricewaterhouseCoopers SpA 2023 Italy PricewaterhouseCoopers International Limited 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 2201 44 The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The issuer also engaged external reserve engineers (company's engaged specialists) to audit and evaluate its proven reserves on a rotational basis. The firm selected for testing certain reserve governance controls that included the issuer's (1) review and verification of the internal and external data including non-financial data future production volumes (“production profiles”) and other relevant data used to determine its reserve estimates (2) evaluation of the appropriateness of its reserve classifications and (3) evaluation of the consistency of its reserve estimates with the results of the review performed by the company's engaged specialists. The following deficiencies were identified: · The firm did not test aspects of the reserve governance controls that (1) addressed the accuracy and completeness of non-financial data produced by the issuer and (2) evaluated the relevance and reliability of non-financial data from external sources used by the control owners in their review of the production profiles. (AS 2201.42 and .44) Triennially Inspected 30 PricewaterhouseCoopers SpA 2023 Italy PricewaterhouseCoopers International Limited 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2201 42 The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The issuer also engaged external reserve engineers (company's engaged specialists) to audit and evaluate its proven reserves on a rotational basis. The firm selected for testing certain reserve governance controls that included the issuer's (1) review and verification of the internal and external data including non-financial data future production volumes (“production profiles”) and other relevant data used to determine its reserve estimates (2) evaluation of the appropriateness of its reserve classifications and (3) evaluation of the consistency of its reserve estimates with the results of the review performed by the company's engaged specialists. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owners performed to evaluate the (1) reasonableness of the production profiles and (2) appropriateness of the methods used to determine the reserve estimates. (AS 2201.42 and .44) Triennially Inspected 30 PricewaterhouseCoopers SpA 2023 Italy PricewaterhouseCoopers International Limited 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2201 44 The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The issuer also engaged external reserve engineers (company's engaged specialists) to audit and evaluate its proven reserves on a rotational basis. The firm selected for testing certain reserve governance controls that included the issuer's (1) review and verification of the internal and external data including non-financial data future production volumes (“production profiles”) and other relevant data used to determine its reserve estimates (2) evaluation of the appropriateness of its reserve classifications and (3) evaluation of the consistency of its reserve estimates with the results of the review performed by the company's engaged specialists. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owners performed to evaluate the (1) reasonableness of the production profiles and (2) appropriateness of the methods used to determine the reserve estimates. (AS 2201.42 and .44) Triennially Inspected 30 PricewaterhouseCoopers SpA 2023 Italy PricewaterhouseCoopers International Limited 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 1105 A8a The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The issuer also engaged external reserve engineers (company's engaged specialists) to audit and evaluate its proven reserves on a rotational basis. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Test the accuracy and completeness of the non-financial data prepared by the issuer and used by the company's employed specialists to develop the reserve estimates; (AS 1105.A8a) Triennially Inspected 30 PricewaterhouseCoopers SpA 2023 Italy PricewaterhouseCoopers International Limited 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 1105 A8a The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The issuer also engaged external reserve engineers (company's engaged specialists) to audit and evaluate its proven reserves on a rotational basis. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate the relevance and reliability of external data used by the company's employed specialists to develop the reserve estimates; (AS 1105.A8a) Triennially Inspected 30 PricewaterhouseCoopers SpA 2023 Italy PricewaterhouseCoopers International Limited 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 1105 A8b The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The issuer also engaged external reserve engineers (company's engaged specialists) to audit and evaluate its proven reserves on a rotational basis. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate the reasonableness of the production profiles which were considered significant assumptions by the firm developed by the company's employed specialists and used to develop the reserve estimates; (AS 1105.A8b) Triennially Inspected 30 PricewaterhouseCoopers SpA 2023 Italy PricewaterhouseCoopers International Limited 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 A8c The issuer utilized internal specialists (company's employed specialists) including reserve engineers to estimate its oil and gas reserves (“reserve estimates”) which were then used in the (1) calculation of depreciation depletion and amortization and (2) impairment analysis of long-lived assets. The issuer also engaged external reserve engineers (company's engaged specialists) to audit and evaluate its proven reserves on a rotational basis. The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate whether the methods used by the company's engaged specialists to develop the reserve estimates were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework beyond inquiry of the methods used with the company's engaged specialists. (AS 1105.A8c) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The issuer's general reserve component of the ALL included a qualitative reserve component that was determined by certain qualitative factors. The firm selected for testing a control that included the review of the qualitative component of the general reserve. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The issuer's general reserve component of the ALL included a qualitative reserve component that was determined by certain qualitative factors. The firm selected for testing a control that included the review of the qualitative component of the general reserve. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 9 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to qualitative factors beyond (1) reading the issuer's analysis (2) comparing the basis points that were applied to the qualitative factors to the basis points that were applied in the prior year and (3) assessing whether certain changes or lack thereof to the basis points from prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 10 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to qualitative factors beyond (1) reading the issuer's analysis (2) comparing the basis points that were applied to the qualitative factors to the basis points that were applied in the prior year and (3) assessing whether certain changes or lack thereof to the basis points from prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 11 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to qualitative factors beyond (1) reading the issuer's analysis (2) comparing the basis points that were applied to the qualitative factors to the basis points that were applied in the prior year and (3) assessing whether certain changes or lack thereof to the basis points from prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The issuer's general reserve component of the ALL included a qualitative reserve component that was determined by certain qualitative factors. The firm selected for testing a control that included the review of the qualitative component of the general reserve. The firm did not evaluate the review procedures that the control owner performed with respect to certain qualitative factors including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The issuer's general reserve component of the ALL included a qualitative reserve component that was determined by certain qualitative factors. The firm selected for testing a control that included the review of the qualitative component of the general reserve. The firm did not evaluate the review procedures that the control owner performed with respect to certain qualitative factors including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 9 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to certain qualitative factors beyond (1) reading the issuer's analysis (2) comparing the basis points that were applied to the qualitative factors to the basis points that were applied in the prior year and (3) assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 10 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to certain qualitative factors beyond (1) reading the issuer's analysis (2) comparing the basis points that were applied to the qualitative factors to the basis points that were applied in the prior year and (3) assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 11 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to certain qualitative factors beyond (1) reading the issuer's analysis (2) comparing the basis points that were applied to the qualitative factors to the basis points that were applied in the prior year and (3) assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The issuer's general reserve component of the ALL included a qualitative reserve component that was determined by certain qualitative factors. The firm selected for testing a control that included the review of the qualitative component of the general reserve. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The issuer's general reserve component of the ALL included a qualitative reserve component that was determined by certain qualitative factors. The firm selected for testing a control that included the review of the qualitative component of the general reserve. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 9 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to qualitative factors beyond (1) reading the issuer's analysis (2) comparing the basis points that were applied to the qualitative factors to the basis points that were applied in the prior year and performing a trend analysis and (3) assessing whether certain changes or lack thereof to the basis points from the prior year and the results from the resulting from the comparison and trend analysis were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 10 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to qualitative factors beyond (1) reading the issuer's analysis (2) comparing the basis points that were applied to the qualitative factors to the basis points that were applied in the prior year and performing a trend analysis and (3) assessing whether certain changes or lack thereof to the basis points from the prior year and the results from the resulting from the comparison and trend analysis were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 57 Dixon Hughes Goodman LLP 2020 United States 2025-03-27T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 11 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to qualitative factors beyond (1) reading the issuer's analysis (2) comparing the basis points that were applied to the qualitative factors to the basis points that were applied in the prior year and performing a trend analysis and (3) assessing whether certain changes or lack thereof to the basis points from the prior year and the results from the resulting from the comparison and trend analysis were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 58 Fitzgerald & Co., CPAS, P.C. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2301 8 The firm did not perform any substantive procedures to test whether inventory was recorded at the lower of cost or net realizable value. (AS 2301.08 and .11) Triennially Inspected 58 Fitzgerald & Co., CPAS, P.C. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2301 11 The firm did not perform any substantive procedures to test whether inventory was recorded at the lower of cost or net realizable value. (AS 2301.08 and .11) Triennially Inspected 58 Fitzgerald & Co., CPAS, P.C. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 10 The firm's approach for substantively testing the excess or obsolete inventory reserve was to develop an independent expectation. The following deficiencies were identified: · The firm used certain data in its substantive procedures to test this reserve but did not perform any procedures to test or test any controls over the accuracy of this data. (AS 1105.10) Triennially Inspected 58 Fitzgerald & Co., CPAS, P.C. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2501 22 The firm's approach for substantively testing the excess or obsolete inventory reserve was to develop an independent expectation. The following deficiencies were identified: · The firm did not perform procedures to demonstrate it had a reasonable basis for certain assumptions it independently derived. (AS 2501.22) Triennially Inspected 58 Fitzgerald & Co., CPAS, P.C. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2501 21 The firm's approach for substantively testing the excess or obsolete inventory reserve was to develop an independent expectation. The following deficiencies were identified: · The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for the method used to develop its independent expectation because it did not demonstrate how its method took into account its understanding of the issuer's process including the significant assumptions used by the issuer so that its expectation considered the factors relevant to the estimate. (AS 2501.21 and .22) Triennially Inspected 58 Fitzgerald & Co., CPAS, P.C. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2501 22 The firm's approach for substantively testing the excess or obsolete inventory reserve was to develop an independent expectation. The following deficiencies were identified: · The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for the method used to develop its independent expectation because it did not demonstrate how its method took into account its understanding of the issuer's process including the significant assumptions used by the issuer so that its expectation considered the factors relevant to the estimate. (AS 2501.21 and .22) Triennially Inspected 473 Liebman Hymowitz, LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 1105 10 The firm's approach for substantively testing certain expenses was to test the issuer's process. The firm did not perform procedures to test or test controls over the accuracy and completeness of data it used to substantively test the expenses. (AS 1105.10) Triennially Inspected 473 Liebman Hymowitz, LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Expenses 2 AS 2501 16 The firm's approach for substantively testing certain expenses was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions used by the issuer to estimate the expenses. (AS 2501.16) Triennially Inspected 473 Liebman Hymowitz, LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 3 AS 2301 8 The firm did not evaluate whether the issuer's accounting for and disclosure of certain notes payable was in conformity with GAAP. (AS 2301.08) Triennially Inspected 473 Liebman Hymowitz, LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatements due to fraud. (AS 2401.58) Triennially Inspected 473 Liebman Hymowitz, LLP 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2301 8 The firm did not perform procedures to test certain expenses beyond inquiry of the issuer's external accountant. (AS 2301.08; AS 2501.07) Triennially Inspected 473 Liebman Hymowitz, LLP 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2501 7 The firm did not perform procedures to test certain expenses beyond inquiry of the issuer's external accountant. (AS 2301.08; AS 2501.07) Triennially Inspected 473 Liebman Hymowitz, LLP 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2301 8 The firm did not perform procedures to test an amount due to a related party beyond reviewing minutes from the Board of Directors meetings. (AS 2301.08) Triennially Inspected 473 Liebman Hymowitz, LLP 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 3 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatements due to fraud. (AS 2401.58) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 1 AS 2501 16 The issuer used various qualitative factors to determine the qualitative component of the ALL. The firm's approach for testing the qualitative reserve was to test the issuer's process. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of the significant assumptions related to the qualitative factors the issuer used to determine the qualitative reserve because it limited its procedures to reading the issuer's ALL methodology and evaluating the consistency of the assumptions with those used in prior periods. (AS 2501.16) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 2 AS 1105 4 The issuer used various qualitative factors to determine the qualitative component of the ALL. The firm's approach for testing the qualitative reserve was to test the issuer's process. The following deficiencies were identified: · The firm did not perform procedures to evaluate the relevance and reliability of external information that the issuer used to develop the significant assumptions related to qualitative factors. (AS 1105.04 and .06) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 2 AS 1105 6 The issuer used various qualitative factors to determine the qualitative component of the ALL. The firm's approach for testing the qualitative reserve was to test the issuer's process. The following deficiencies were identified: · The firm did not perform procedures to evaluate the relevance and reliability of external information that the issuer used to develop the significant assumptions related to qualitative factors. (AS 1105.04 and .06) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 3 AS 1105 10 The issuer used various qualitative factors to determine the qualitative component of the ALL. The firm's approach for testing the qualitative reserve was to test the issuer's process. The following deficiencies were identified: · The firm did not perform sufficient procedures to test or identify and test any controls over the accuracy and completeness of issuer-produced information that the issuer used to develop the significant assumptions related to the qualitative factors because it limited its procedures to inquiries and performing certain recalculations and comparisons of certain of the information to other issuer-prepared information. (AS 1105.10) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 4 AS 1105 A8a The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not test the accuracy and completeness of issuer-produced information and evaluate the relevance and reliability of external information used by the company's specialists to determine the fair value of the properties used as collateral. (AS 1105.A8a) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 5 AS 1105 A8b The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of significant assumptions used by the company's specialists to determine the fair value of the properties used as collateral. (AS 1105.A8b; AS 2501.16) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 5 AS 2501 16 The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of significant assumptions used by the company's specialists to determine the fair value of the properties used as collateral. (AS 1105.A8b; AS 2501.16) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 6 AS 1105 A10 The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialists and whether the specialists' findings supported or contradicted the fair value of the collateral because it did not evaluate that the appraisals were not prepared as of the end of the year and perform additional procedures to address the potential effect of the timing difference on the fair value of the collateral. (AS 1105.A9 and .A10) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 6 AS 1105 A9 The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialists and whether the specialists' findings supported or contradicted the fair value of the collateral because it did not evaluate that the appraisals were not prepared as of the end of the year and perform additional procedures to address the potential effect of the timing difference on the fair value of the collateral. (AS 1105.A9 and .A10) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 7 AS 2501 21 The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for certain assumptions it developed because it did not demonstrate how its assumptions took into account its understanding of the company's process that included certain information about the properties used as collateral so that its expectations considered the factors relevant to the estimate. (AS 2501.21 and .22) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 7 AS 2501 22 The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for certain assumptions it developed because it did not demonstrate how its assumptions took into account its understanding of the company's process that included certain information about the properties used as collateral so that its expectations considered the factors relevant to the estimate. (AS 2501.21 and .22) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 8 AS 1105 4 The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reliability of external information that the firm used to develop its independent expectation of the specific reserve. (AS 1105.04 and .06) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 8 AS 1105 6 The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reliability of external information that the firm used to develop its independent expectation of the specific reserve. (AS 1105.04 and .06) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 9 AS 2501 22 The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not perform procedures to demonstrate it had a reasonable basis for another assumption it developed and used in its independent expectation of the specific reserve. (AS 2501.22) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 10 AS 2501 16 The issuer's ALL also included a specific reserve for impaired loans. The issuer engaged external specialists to determine the fair value of certain property that served as collateral for certain impaired loans. The firm's approach for substantively testing the specific reserve was to develop an independent expectation of the specific reserve that included use of the work of the company's specialists as audit evidence. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of another significant assumption that the issuer developed and it used in its independent expectation of the specific reserve. (AS 2501.16) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 11 AS 2601 16 The issuer used a service organization to process and record transactions related to deposit liabilities. The firm's approach to testing deposit liabilities included reliance on controls. The following deficiencies were identified: · The service auditor's report for the service organization contained a qualified opinion because controls were not operating effectively to achieve a control objective related to logical access to programs data and computer resources. The firm did not perform sufficient procedures to evaluate whether the service auditor's report provided sufficient appropriate audit evidence to support the firm's reliance on the service organization's controls because it concluded that the identified control deficiencies did not have an effect on its reliance on controls without performing procedures to support its conclusion. Further given the length of period under audit not covered by the service auditor's report the firm inappropriately limited its procedures to reading the bridge letter that only addressed a portion of that period of time. (AS 2601.16) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 12 AS 2601 14 The issuer used a service organization to process and record transactions related to deposit liabilities. The firm's approach to testing deposit liabilities included reliance on controls. The following deficiencies were identified: · The firm did not perform procedures to test beyond inquiring of management certain complementary user controls over deposit liabilities identified in the service auditor's report. (AS 2601.14) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 13 AS 2301 16 The sample sizes the firm used in its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 13 AS 2301 18 The sample sizes the firm used in its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 13 AS 2301 37 The sample sizes the firm used in its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 13 AS 2315 19 The sample sizes the firm used in its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 13 AS 2315 23 The sample sizes the firm used in its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 13 AS 2315 23A The sample sizes the firm used in its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 14 AS 2401 61 The firm identified characteristics of potentially fraudulent entries or adjustments for testing determined that certain journal entries met those characteristics but limited its testing to haphazardly selected journal entries. (AS 2401.61) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2501 16 The firm's approach for substantively testing the issuer's impairment analysis for certain intangible assets was to develop an independent expectation which included significant assumptions that were developed by the issuer and the firm. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a certain significant assumption that was developed by the issuer because the firm did not (1) evaluate whether the issuer had a reasonable basis for this assumption and (2) take into account the issuer's intent and ability to carry out this assumption beyond performing inquiries of management and inspecting invoices. (AS 2501.16 and .17) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2501 17 The firm's approach for substantively testing the issuer's impairment analysis for certain intangible assets was to develop an independent expectation which included significant assumptions that were developed by the issuer and the firm. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a certain significant assumption that was developed by the issuer because the firm did not (1) evaluate whether the issuer had a reasonable basis for this assumption and (2) take into account the issuer's intent and ability to carry out this assumption beyond performing inquiries of management and inspecting invoices. (AS 2501.16 and .17) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 2501 21 The firm's approach for substantively testing the issuer's impairment analysis for certain intangible assets was to develop an independent expectation which included significant assumptions that were developed by the issuer and the firm. The following deficiencies were identified: · The firm did not perform any procedures to demonstrate that it had a reasonable basis for a certain significant assumption that was developed by the firm including taking into account the requirements of certain elements of the applicable financial framework. (AS 2501.21 and .22) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 2501 22 The firm's approach for substantively testing the issuer's impairment analysis for certain intangible assets was to develop an independent expectation which included significant assumptions that were developed by the issuer and the firm. The following deficiencies were identified: · The firm did not perform any procedures to demonstrate that it had a reasonable basis for a certain significant assumption that was developed by the firm including taking into account the requirements of certain elements of the applicable financial framework. (AS 2501.21 and .22) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 16 The issuer used an information technology (IT) application to process inventory transactions and calculate inventory costs. To reduce the extent of its substantive procedures over the valuation of inventory the firm tested and placed reliance on certain application controls. The following deficiencies were identified: · The firm selected for testing a logical access control over this IT application. The firm did not perform procedures to test the design and operating effectiveness of this control beyond observing the control owner perform a point in time logical access review. (AS 2301.16) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2301 34 The issuer used an information technology (IT) application to process inventory transactions and calculate inventory costs. To reduce the extent of its substantive procedures over the valuation of inventory the firm tested and placed reliance on certain application controls. The following deficiencies were identified: · The firm selected for testing a logical access control over this IT application. The firm identified a control deficiency in its testing of this control but did not evaluate the severity of this deficiency and its effect on its control risk assessment. (AS 2301.34) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2301 16 The issuer used an information technology (IT) application to process inventory transactions and calculate inventory costs. To reduce the extent of its substantive procedures over the valuation of inventory the firm tested and placed reliance on certain application controls. The following deficiencies were identified: · The firm did not identify and test any controls related to program changes for this IT system. (AS 2301.16) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2301 16 The firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test the valuation of inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2301 18 The firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test the valuation of inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2301 37 The firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test the valuation of inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2315 19 The firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test the valuation of inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2315 23 The firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test the valuation of inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2315 23A The firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test the valuation of inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 1105 10 The firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The firm did not perform any procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data that it used to substantively test the valuation of inventory. (AS 1105.10) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 8 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient procedures to test those journal entries because other than inquiries of management it limited its procedures to one journal entry without having an appropriate rationale for limiting its testing to that journal entry. (AS 2401.61) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2501 16 The firm did not perform any procedures to test certain significant assumptions used by the issuer to determine the cost of certain inventory. (AS 2501.16) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform any procedures to test these journal entries. (AS 2401.61) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A8a The issuer engaged a specialist to develop significant inputs used to determine the fair value of certain long-lived assets. The following deficiencies were identified: · The firm did not test the accuracy and completeness of certain company-produced data used by the company's specialist. (AS 1105.A8a) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 1105 A8a The issuer engaged a specialist to develop significant inputs used to determine the fair value of certain long-lived assets. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of certain data from external sources used by the company's specialist. (AS 1105.A8a) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 1105 A8b The issuer engaged a specialist to develop significant inputs used to determine the fair value of certain long-lived assets. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist and the issuer. (AS 1105.A8b; AS 2501.16) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2501 16 The issuer engaged a specialist to develop significant inputs used to determine the fair value of certain long-lived assets. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist and the issuer. (AS 1105.A8b; AS 2501.16) Triennially Inspected 995 Smythe LLP 2024 Canada 2025-03-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 1105 A8c The issuer engaged a specialist to develop significant inputs used to determine the fair value of certain long-lived assets. The following deficiencies were identified: · The firm did not evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of IFRS. (AS 1105.A8c) Triennially Inspected 1247 Ernst & Young LLP 2024 Singapore Ernst & Young Global Limited 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Certain Assets 1 AS 2501 7 The firm did not perform substantive procedures to test the fair value of certain assets. (AS 2501.07) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 B21 The issuer used a service organization to process and record transactions related to loans and for information it used to determine the ALL. In addition the issuer used data and reports from this service organization in the operation of certain controls the firm selected for testing. The firm did not evaluate whether the service auditor's report provided sufficient evidence because the firm did not assess the scope of the examination and applications covered the controls tested the way in which the tested controls related to the issuer's controls and the results for those tests of controls. (AS 2201.B21) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 1 AS 2201 B21 The issuer used a service organization to process and record transactions related to loans and for information it used to determine the ALL. In addition the issuer used data and reports from this service organization in the operation of certain controls the firm selected for testing. The firm did not evaluate whether the service auditor's report provided sufficient evidence because the firm did not assess the scope of the examination and applications covered the controls tested the way in which the tested controls related to the issuer's controls and the results for those tests of controls. (AS 2201.B21) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2201 42 The firm selected for testing a control over the review of the adequacy of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of certain assumptions used to determine the ALL. (AS 2201.42 and .44) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2201 44 The firm selected for testing a control over the review of the adequacy of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of certain assumptions used to determine the ALL. (AS 2201.42 and .44) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 3 AS 2201 39 The firm selected for testing a control over the review of the adequacy of the ALL. The firm did not identify and test any controls over the appropriateness of the loan grades that were an important factor in estimating the ALL. (AS 2201.39) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 1105 4 The firm's approach for substantively testing the ALL was to test the issuer's process. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions because the firm did not evaluate whether the issuer had a reasonable basis for these assumptions. Further the firm used certain external data to develop an expectation for the range of these significant assumptions but did not perform procedures to evaluate the relevance of this data. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 1105 6 The firm's approach for substantively testing the ALL was to test the issuer's process. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions because the firm did not evaluate whether the issuer had a reasonable basis for these assumptions. Further the firm used certain external data to develop an expectation for the range of these significant assumptions but did not perform procedures to evaluate the relevance of this data. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2501 16 The firm's approach for substantively testing the ALL was to test the issuer's process. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions because the firm did not evaluate whether the issuer had a reasonable basis for these assumptions. Further the firm used certain external data to develop an expectation for the range of these significant assumptions but did not perform procedures to evaluate the relevance of this data. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 5 AS 2501 16 The firm's approach for substantively testing the ALL was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain other significant assumptions. (AS 2501.16) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2301 8 The firm's approach for substantively testing the ALL was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to test or in the alternative sufficiently test controls over the accuracy of certain data produced by the service organization and used by the issuer in estimating the ALL. (AS 2301.08 and .11) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2301 11 The firm's approach for substantively testing the ALL was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to test or in the alternative sufficiently test controls over the accuracy of certain data produced by the service organization and used by the issuer in estimating the ALL. (AS 2301.08 and .11) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2201 39 The firm did not identify and test any controls over journal entries to address the risk of management override of controls. (AS 2201.39) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 1105 4 The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions because the firm did not evaluate whether the issuer had a reasonable basis for these assumptions. Further the firm used certain external data to develop an expectation for the range of these significant assumptions but did not perform procedures to evaluate the relevance of this data. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 1105 6 The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions because the firm did not evaluate whether the issuer had a reasonable basis for these assumptions. Further the firm used certain external data to develop an expectation for the range of these significant assumptions but did not perform procedures to evaluate the relevance of this data. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2501 16 The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions because the firm did not evaluate whether the issuer had a reasonable basis for these assumptions. Further the firm used certain external data to develop an expectation for the range of these significant assumptions but did not perform procedures to evaluate the relevance of this data. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2301 8 The firm's approach for substantively testing the ALL was to test the issuer's process. The issuer used certain data produced by its service organization to develop the ALL. The firm did not perform procedures to test the accuracy of this data. (AS 2301.08 and .11) Triennially Inspected 1884 Bonadio & Co., LLP 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2301 11 The firm's approach for substantively testing the ALL was to test the issuer's process. The issuer used certain data produced by its service organization to develop the ALL. The firm did not perform procedures to test the accuracy of this data. (AS 2301.08 and .11) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2310 28 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain revenue the firm relied on confirmations from customers. The issuer's sales personnel directly contacted the customers and obtained customer signatures as proof of customer receipt of goods purchased. The issuer provided the firm with the signed confirmations. The firm did not maintain control over the confirmation requests and responses through direct communication between the firm and the intended recipients of the confirmation requests. (AS 2310.28) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain other revenue the firm vouched monthly total cash receipts for certain payment methods for certain months to bank statements and for the remaining months selected three cash receipts per month and vouched them to bank statements. The firm did not: · Perform any procedures to test whether the performance obligations had been satisfied before revenue was recognized; (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain other revenue the firm vouched monthly total cash receipts for certain payment methods for certain months to bank statements and for the remaining months selected three cash receipts per month and vouched them to bank statements. The firm did not: · Perform any procedures to test whether the performance obligations had been satisfied before revenue was recognized; (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain other revenue the firm vouched monthly total cash receipts for certain payment methods for certain months to bank statements and for the remaining months selected three cash receipts per month and vouched them to bank statements. The firm did not: · Evaluate the relevance of the cash receipts information that was used in its testing; (AS 1105.04 and .06) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain other revenue the firm vouched monthly total cash receipts for certain payment methods for certain months to bank statements and for the remaining months selected three cash receipts per month and vouched them to bank statements. The firm did not: · Evaluate the relevance of the cash receipts information that was used in its testing; (AS 1105.04 and .06) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain other revenue the firm vouched monthly total cash receipts for certain payment methods for certain months to bank statements and for the remaining months selected three cash receipts per month and vouched them to bank statements. The firm did not: · Perform any procedures to test contra revenue. (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain other revenue the firm vouched monthly total cash receipts for certain payment methods for certain months to bank statements and for the remaining months selected three cash receipts per month and vouched them to bank statements. The firm did not: · Perform any procedures to test contra revenue. (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to another type of revenue the firm (1) obtained an issuer-produced summary of daily sales reports for the year and compared the total sales to the general ledger and (2) vouched total cash receipts recorded for the year in the general ledger for that type of revenue to bank statements noting a difference between the amounts. The firm did not: · Perform any procedures to test whether the performance obligations had been satisfied before revenue was recognized; (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to another type of revenue the firm (1) obtained an issuer-produced summary of daily sales reports for the year and compared the total sales to the general ledger and (2) vouched total cash receipts recorded for the year in the general ledger for that type of revenue to bank statements noting a difference between the amounts. The firm did not: · Perform any procedures to test whether the performance obligations had been satisfied before revenue was recognized; (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to another type of revenue the firm (1) obtained an issuer-produced summary of daily sales reports for the year and compared the total sales to the general ledger and (2) vouched total cash receipts recorded for the year in the general ledger for that type of revenue to bank statements noting a difference between the amounts. The firm did not: · Perform any procedures to evaluate the difference identified between total cash receipts for this type of revenue and revenue recorded in the general ledger; (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to another type of revenue the firm (1) obtained an issuer-produced summary of daily sales reports for the year and compared the total sales to the general ledger and (2) vouched total cash receipts recorded for the year in the general ledger for that type of revenue to bank statements noting a difference between the amounts. The firm did not: · Perform any procedures to evaluate the difference identified between total cash receipts for this type of revenue and revenue recorded in the general ledger; (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to another type of revenue the firm (1) obtained an issuer-produced summary of daily sales reports for the year and compared the total sales to the general ledger and (2) vouched total cash receipts recorded for the year in the general ledger for that type of revenue to bank statements noting a difference between the amounts. The firm did not: · Evaluate the relevance of the cash receipts information that was used in its testing. (AS 1105.04 and .06) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to another type of revenue the firm (1) obtained an issuer-produced summary of daily sales reports for the year and compared the total sales to the general ledger and (2) vouched total cash receipts recorded for the year in the general ledger for that type of revenue to bank statements noting a difference between the amounts. The firm did not: · Evaluate the relevance of the cash receipts information that was used in its testing. (AS 1105.04 and .06) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 8 AS 2310 31 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. The firm did not perform sufficient alternative procedures to determine that the recorded amounts of the accounts receivable existed as of the year end because the procedures were limited to tracing to internal documents indicating the date of product delivery. (AS 2310.31) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction 9 AS 2501 7 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer entered into a significant transaction during the year. The following deficiencies were identified: · The firm did not perform any procedures to test the valuation of aspects of the transaction. (AS 2501.07) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction 10 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer entered into a significant transaction during the year. The following deficiencies were identified: · The firm did not perform procedures to evaluate the accounting for the transaction including the subsequent accounting. (AS 2301.08) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction 11 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer entered into a significant transaction during the year. The following deficiencies were identified: · The firm did not perform procedures to evaluate the presentation and disclosures related to the transaction. (AS 2301.08) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction 12 AS 2401 67 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer entered into a significant transaction during the year. The following deficiencies were identified: · The firm did not evaluate the business purpose (or lack thereof) of the transaction that appeared unusual due to its timing size or nature including whether it may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets given certain facts indicating the transaction was significant and unusual. (AS 2401.67) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Parties Fraud Risk 13 AS 2410 14 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not evaluate whether the issuer had properly identified its related parties and relationships and transactions with related parties including testing the accuracy and completeness of the related parties and relationships and transactions with related parties identified by the issuer. (AS 2410.14) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Parties Fraud Risk 14 AS 2410 17 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required under FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Parties Fraud Risk 14 AS 2810 30 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required under FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Parties Fraud Risk 14 AS 2810 31 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required under FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 8 For certain revenue the firm did not sufficiently evaluate whether there was a contract with a customer. Specifically the firm did not assess whether it was probable that the issuer would collect substantially all of the consideration to which it would be entitled in exchange for the goods or services that would be transferred to the customer before revenue was recognized including consideration of contradictory evidence. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 13 For certain revenue the firm did not sufficiently evaluate whether there was a contract with a customer. Specifically the firm did not assess whether it was probable that the issuer would collect substantially all of the consideration to which it would be entitled in exchange for the goods or services that would be transferred to the customer before revenue was recognized including consideration of contradictory evidence. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 2851 KCCW Accountancy Corp. 2024 United States 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2810 3 For certain revenue the firm did not sufficiently evaluate whether there was a contract with a customer. Specifically the firm did not assess whether it was probable that the issuer would collect substantially all of the consideration to which it would be entitled in exchange for the goods or services that would be transferred to the customer before revenue was recognized including consideration of contradictory evidence. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 8 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not test transaction prices used in recording revenue for one business entity. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 11 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not test transaction prices used in recording revenue for one business entity. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 1105 10 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not test or identify and test any controls over the completeness of a system-generated report used in its substantive procedures to test revenue for this business entity. (AS 1105.10) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 8 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not perform any procedures to test the occurrence and allocation of certain revenue for another business entity. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 11 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not perform any procedures to test the occurrence and allocation of certain revenue for another business entity. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 8 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not perform sufficient procedures to test certain revenue for the above business entity and a third business entity because its procedures were limited to (1) agreeing revenue to sales invoices and (2) documenting the terms of the agreement with customers for certain transactions. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 11 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not perform sufficient procedures to test certain revenue for the above business entity and a third business entity because its procedures were limited to (1) agreeing revenue to sales invoices and (2) documenting the terms of the agreement with customers for certain transactions. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2315 16 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test revenues for each of the three above business entities were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2315 19 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test revenues for each of the three above business entities were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2315 23 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test revenues for each of the three above business entities were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2315 23A The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test revenues for each of the three above business entities were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 6 AS 2301 8 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not perform sufficient procedures to test revenue for a fourth business entity because it did not test the adjustment of revenue for the redemption of gift cards. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 6 AS 2301 11 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not perform sufficient procedures to test revenue for a fourth business entity because it did not test the adjustment of revenue for the redemption of gift cards. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 7 AS 2301 8 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not perform sufficient procedures to test revenue for a fifth business entity because its procedures were limited to agreeing revenue to issuer-produced sales invoices. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 7 AS 2301 11 The issuer recognized revenue from multiple business entities. The following deficiencies were identified: · The firm did not perform sufficient procedures to test revenue for a fifth business entity because its procedures were limited to agreeing revenue to issuer-produced sales invoices. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 8 AS 2201 42 The firm selected for testing a control over the review of a revenue variance analysis but did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 8 AS 2201 44 The firm selected for testing a control over the review of a revenue variance analysis but did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 9 AS 2301 8 The firm did not perform any procedures to test the disclosure related to revenue allocated to remaining performance obligations. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 9 AS 2301 11 The firm did not perform any procedures to test the disclosure related to revenue allocated to remaining performance obligations. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 10 AS 2201 39 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm did not identify and test any controls over accounts receivable for one of the issuer's business entities. (AS 2201.39) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 11 AS 2201 42 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm selected for testing a control over the review of outstanding accounts receivable for another business entity but did not perform any procedures to test the design and operating effectiveness of the control. (AS 2201.42 and .44) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 11 AS 2201 44 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm selected for testing a control over the review of outstanding accounts receivable for another business entity but did not perform any procedures to test the design and operating effectiveness of the control. (AS 2201.42 and .44) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 12 AS 2201 42 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm selected for testing a control over the review of delinquent accounts receivable for a third business entity but did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the reserve for the recorded accounts receivable. (AS 2201.42 and .44) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 12 AS 2201 44 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm selected for testing a control over the review of delinquent accounts receivable for a third business entity but did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the reserve for the recorded accounts receivable. (AS 2201.42 and .44) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 13 AS 1105 10 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm did not test or test controls over the accuracy and completeness of system-generated reports used in its substantive testing. (AS 1105.10) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 14 AS 2301 8 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm selected for testing a sample of accounts receivable for certain business entities and unbilled receivables for certain other business entities. The following deficiencies were identified: · The firm did not perform any procedures over accounts receivable selected for testing that were not collected or were only partially collected in subsequent periods. (AS 2301.08) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 15 AS 2301 8 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm selected for testing a sample of accounts receivable for certain business entities and unbilled receivables for certain other business entities. The following deficiencies were identified: · The firm did not perform any procedures to test whether services had been rendered prior to the issuer's recording of certain unbilled receivables. (AS 2301.08) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2315 16 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm selected for testing a sample of accounts receivable for certain business entities and unbilled receivables for certain other business entities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2315 19 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm selected for testing a sample of accounts receivable for certain business entities and unbilled receivables for certain other business entities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2315 23 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm selected for testing a sample of accounts receivable for certain business entities and unbilled receivables for certain other business entities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2315 23A The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm selected for testing a sample of accounts receivable for certain business entities and unbilled receivables for certain other business entities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 17 AS 2301 8 The issuer reported accounts receivables including unbilled receivables for multiple business entities. The firm did not perform sufficient procedures to test the valuation of accounts receivable and unbilled receivables because its procedures to test the allowance for doubtful accounts were limited to inquiry of management. (AS 2301.08) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash Significant Risk 18 AS 2301 45 The firm did not perform procedures beyond obtaining a certification from issuer personnel to extend its conclusions regarding the existence of cash on hand from the interim date in which the audit procedures were performed to year end. (AS 2301.45) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash Significant Risk 19 AS 2301 8 The firm did not perform any procedures to test certain other cash held at banking institutions. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash Significant Risk 19 AS 2301 11 The firm did not perform any procedures to test certain other cash held at banking institutions. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 20 AS 2201 42 The firm selected for testing certain controls that included the review of goodwill and intangible assets for potential impairment. The firm did not evaluate the specific review procedures performed by the control owners to assess the reasonableness of the methodologies and assumptions used in the issuer's goodwill and indefinite-lived intangible assets impairment analyses. (AS 2201.42 and .44) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 20 AS 2201 42 The firm selected for testing certain controls that included the review of goodwill and intangible assets for potential impairment. The firm did not evaluate the specific review procedures performed by the control owners to assess the reasonableness of the methodologies and assumptions used in the issuer's goodwill and indefinite-lived intangible assets impairment analyses. (AS 2201.42 and .44) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 20 AS 2201 44 The firm selected for testing certain controls that included the review of goodwill and intangible assets for potential impairment. The firm did not evaluate the specific review procedures performed by the control owners to assess the reasonableness of the methodologies and assumptions used in the issuer's goodwill and indefinite-lived intangible assets impairment analyses. (AS 2201.42 and .44) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 20 AS 2201 44 The firm selected for testing certain controls that included the review of goodwill and intangible assets for potential impairment. The firm did not evaluate the specific review procedures performed by the control owners to assess the reasonableness of the methodologies and assumptions used in the issuer's goodwill and indefinite-lived intangible assets impairment analyses. (AS 2201.42 and .44) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 21 AS 2301 8 The firm did not perform any procedures to test (1) the appropriateness of the issuer's determination that it operated as a single reporting unit for purposes of its impairment analysis in accordance with FASB ASC Topic 350 Intangibles – Goodwill and Other and (2) whether the issuer's conclusion that the customer relationship intangible asset had an indefinite life was in accordance with FASB ASC Topic 350. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 21 AS 2301 8 The firm did not perform any procedures to test (1) the appropriateness of the issuer's determination that it operated as a single reporting unit for purposes of its impairment analysis in accordance with FASB ASC Topic 350 Intangibles – Goodwill and Other and (2) whether the issuer's conclusion that the customer relationship intangible asset had an indefinite life was in accordance with FASB ASC Topic 350. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 21 AS 2301 11 The firm did not perform any procedures to test (1) the appropriateness of the issuer's determination that it operated as a single reporting unit for purposes of its impairment analysis in accordance with FASB ASC Topic 350 Intangibles – Goodwill and Other and (2) whether the issuer's conclusion that the customer relationship intangible asset had an indefinite life was in accordance with FASB ASC Topic 350. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 21 AS 2301 11 The firm did not perform any procedures to test (1) the appropriateness of the issuer's determination that it operated as a single reporting unit for purposes of its impairment analysis in accordance with FASB ASC Topic 350 Intangibles – Goodwill and Other and (2) whether the issuer's conclusion that the customer relationship intangible asset had an indefinite life was in accordance with FASB ASC Topic 350. (AS 2301.08 and .11) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 22 AS 2401 61 The firm did not (1) appropriately consider the characteristics of potentially fraudulent journal entries when identifying and selecting journal entries for testing and (2) examine the underlying support for journal entries selected for testing. (AS 2401.61) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Corrected and Uncorrected Misstatements 23 AS 2810 17 The firm identified corrected and uncorrected misstatements during its substantive audit procedures. The firm did not evaluate whether the uncorrected misstatements were material individually or in combination with other misstatements. (AS 2810.17) Triennially Inspected 3199 K G Somani & Co. LLP 2024 India 2025-03-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Corrected and Uncorrected Misstatements 24 AS 2201 B8 The firm identified corrected and uncorrected misstatements during its substantive audit procedures. The firm did not evaluate the effects of the corrected and uncorrected misstatements on its conclusions regarding the effectiveness of ICFR. (AS 2201.B8) Triennially Inspected 6743 J&S Associate PLT 2024 Malaysia 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2501 16 The issuer performed a quantitative assessment of impairment of its intangible assets. The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions used in the issuer's quantitative assessment beyond (1) inquiry (2) obtaining and reading the issuer's analysis certain internal documentation and letters of intent from customers and (3) performing a sensitivity analysis. (AS 2501.16) Triennially Inspected 6743 J&S Associate PLT 2024 Malaysia 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2501 16 The issuer performed a quantitative assessment of impairment of its intangible assets. The firm did not sufficiently evaluate the reasonableness of the significant assumption related to the discount rate the issuer used in the quantitative assessment because it limited its procedures to comparing this assumption to the issuer's cost of borrowing. (AS 2501.16) Triennially Inspected 6743 J&S Associate PLT 2024 Malaysia 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction 3 AS 2810 30 During the year the issuer completed a significant transaction. The firm did not identify and evaluate departures from GAAP related to the issuer's presentation of this transaction in the financial statements. (AS 2810.30 and .31) Triennially Inspected 6743 J&S Associate PLT 2024 Malaysia 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction 3 AS 2810 31 During the year the issuer completed a significant transaction. The firm did not identify and evaluate departures from GAAP related to the issuer's presentation of this transaction in the financial statements. (AS 2810.30 and .31) Triennially Inspected 6743 J&S Associate PLT 2024 Malaysia 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction 4 AS 2810 30 During the year the issuer completed a significant transaction. The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain required disclosures related to this transaction. (AS 2810.30 and .31) Triennially Inspected 6743 J&S Associate PLT 2024 Malaysia 2025-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction 4 AS 2810 31 During the year the issuer completed a significant transaction. The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain required disclosures related to this transaction. (AS 2810.30 and .31) Triennially Inspected 6743 J&S Associate PLT 2024 Malaysia 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 7 The issuer recognized certain revenue based on its estimated progress toward complete satisfaction of the performance obligations. The firm did not perform procedures to test this revenue beyond selecting a sample of revenue transactions and vouching them to contracts and invoices. (AS 2501.07) Triennially Inspected 6743 J&S Associate PLT 2024 Malaysia 2025-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized certain revenue based on its estimated progress toward complete satisfaction of the performance obligations. The firm did not perform any procedures to test a disclosure related to this revenue. (AS 2301.08) Triennially Inspected 6743 J&S Associate PLT 2024 Malaysia 2025-03-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2301 8 The issuer recorded a significant account based on an agreement with an external party. The firm did not perform sufficient procedures to evaluate whether the issuer appropriately accounted for this significant account in accordance with GAAP because it limited its procedures to concluding that the significant account was appropriately recorded based on certain GAAP guidance that specifically excluded the significant account. (AS 2301.08) Triennially Inspected 6743 J&S Associate PLT 2024 Malaysia 2025-03-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 2301 8 The issuer recorded a significant account based on an agreement with an external party. The firm did not evaluate the effect of the issuer's non-compliance with a requirement of the agreement on the accounting for the significant account. (AS 2301.08) Triennially Inspected 106 Salberg & Company, P.A. 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 1105 A10 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year after identifying impairment indicators the issuer performed a quantitative assessment of impairment. At year end the issuer performed its annual goodwill impairment assessment using a quantitative assessment. The issuer engaged a specialist to perform both assessments. The following deficiencies were identified: · The firm did not perform procedures to test the quantitative assessment of goodwill performed during the year beyond inquiry and obtaining and reading the company's specialist report. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 106 Salberg & Company, P.A. 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 1105 A6 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year after identifying impairment indicators the issuer performed a quantitative assessment of impairment. At year end the issuer performed its annual goodwill impairment assessment using a quantitative assessment. The issuer engaged a specialist to perform both assessments. The following deficiencies were identified: · The firm did not perform procedures to test the quantitative assessment of goodwill performed during the year beyond inquiry and obtaining and reading the company's specialist report. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 106 Salberg & Company, P.A. 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 1105 A7 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year after identifying impairment indicators the issuer performed a quantitative assessment of impairment. At year end the issuer performed its annual goodwill impairment assessment using a quantitative assessment. The issuer engaged a specialist to perform both assessments. The following deficiencies were identified: · The firm did not perform procedures to test the quantitative assessment of goodwill performed during the year beyond inquiry and obtaining and reading the company's specialist report. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 106 Salberg & Company, P.A. 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 1105 A8 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year after identifying impairment indicators the issuer performed a quantitative assessment of impairment. At year end the issuer performed its annual goodwill impairment assessment using a quantitative assessment. The issuer engaged a specialist to perform both assessments. The following deficiencies were identified: · The firm did not perform procedures to test the quantitative assessment of goodwill performed during the year beyond inquiry and obtaining and reading the company's specialist report. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 106 Salberg & Company, P.A. 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 1105 A9 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year after identifying impairment indicators the issuer performed a quantitative assessment of impairment. At year end the issuer performed its annual goodwill impairment assessment using a quantitative assessment. The issuer engaged a specialist to perform both assessments. The following deficiencies were identified: · The firm did not perform procedures to test the quantitative assessment of goodwill performed during the year beyond inquiry and obtaining and reading the company's specialist report. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 106 Salberg & Company, P.A. 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2501 7 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year after identifying impairment indicators the issuer performed a quantitative assessment of impairment. At year end the issuer performed its annual goodwill impairment assessment using a quantitative assessment. The issuer engaged a specialist to perform both assessments. The following deficiencies were identified: · The firm did not perform procedures to test the quantitative assessment of goodwill performed during the year beyond inquiry and obtaining and reading the company's specialist report. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 - .A10; AS 2501.07) Triennially Inspected 106 Salberg & Company, P.A. 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year after identifying impairment indicators the issuer performed a quantitative assessment of impairment. At year end the issuer performed its annual goodwill impairment assessment using a quantitative assessment. The issuer engaged a specialist to perform both assessments. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the relevance of data related to comparable companies used by the company's specialist in the year-end quantitative assessment because it did not evaluate (1) the relative values of income statement accounts in concluding that the companies were comparable and (2) that the data used from certain of the comparable companies was significantly dated. (AS 1105.A8a) Triennially Inspected 106 Salberg & Company, P.A. 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year after identifying impairment indicators the issuer performed a quantitative assessment of impairment. At year end the issuer performed its annual goodwill impairment assessment using a quantitative assessment. The issuer engaged a specialist to perform both assessments. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of a significant assumption developed and used by the company's specialist in the year-end quantitative assessment. (AS 1105.A8b) Triennially Inspected 106 Salberg & Company, P.A. 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 2810 30 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year after identifying impairment indicators the issuer performed a quantitative assessment of impairment. At year end the issuer performed its annual goodwill impairment assessment using a quantitative assessment. The issuer engaged a specialist to perform both assessments. The following deficiencies were identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's omission of a disclosure related to goodwill that is required by FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Triennially Inspected 106 Salberg & Company, P.A. 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 2810 31 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. During the year after identifying impairment indicators the issuer performed a quantitative assessment of impairment. At year end the issuer performed its annual goodwill impairment assessment using a quantitative assessment. The issuer engaged a specialist to perform both assessments. The following deficiencies were identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's omission of a disclosure related to goodwill that is required by FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 19 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used a customized application for processing and recording transactions related to revenue. The firm tested the design and operating effectiveness of information technology general controls (ITGCs) and certain automated and IT-dependent manual controls over this application in order to rely on the completeness and accuracy of data and reports produced by the application and used by the firm in its substantive procedures. The following deficiencies were identified: · The firm selected for testing controls over the review and approval of program changes but did not evaluate whether the controls were designed to address the risk that developers have the ability to develop and promote changes to production environments. (AS 2301.19) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used a customized application for processing and recording transactions related to revenue. The firm tested the design and operating effectiveness of information technology general controls (ITGCs) and certain automated and IT-dependent manual controls over this application in order to rely on the completeness and accuracy of data and reports produced by the application and used by the firm in its substantive procedures. The following deficiencies were identified: · The firm selected for testing controls over change management but did not perform procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to this application. (AS 1105.10) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 18 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used a customized application for processing and recording transactions related to revenue. The firm tested the design and operating effectiveness of information technology general controls (ITGCs) and certain automated and IT-dependent manual controls over this application in order to rely on the completeness and accuracy of data and reports produced by the application and used by the firm in its substantive procedures. The following deficiencies were identified: · The firm selected for testing certain automated and IT-dependent manual controls over this revenue. The firm's approach to testing these controls depended on effective ITGCs including controls over change management. As a result of the deficiencies in the firm's testing of the controls discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2301.18) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used a customized application for processing and recording transactions related to revenue. The firm tested the design and operating effectiveness of information technology general controls (ITGCs) and certain automated and IT-dependent manual controls over this application in order to rely on the completeness and accuracy of data and reports produced by the application and used by the firm in its substantive procedures. The following deficiencies were identified: · The firm did not identify and test controls that addressed the issuer's evaluation of the reliability of external information used in the operation of certain controls the firm selected for testing. (AS 2301.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm did not perform procedures to test the issuer's segment reporting disclosures related to revenue beyond obtaining an issuer-prepared schedule. (AS 2301.08) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 6 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm used certain information produced by the issuer's service organization to test digital assets but did not perform procedures that addressed the accuracy and completeness of this data. (AS 2301.08 and .11) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 6 AS 2301 11 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm used certain information produced by the issuer's service organization to test digital assets but did not perform procedures that addressed the accuracy and completeness of this data. (AS 2301.08 and .11) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 7 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm used certain other external information to test digital assets but did not perform procedures to evaluate the reliability of the information beyond obtaining an understanding of the source of the data. (AS 1105.04 and .06) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 7 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm used certain other external information to test digital assets but did not perform procedures to evaluate the reliability of the information beyond obtaining an understanding of the source of the data. (AS 1105.04 and .06) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 34 The issuer used a customized application for processing and recording transactions related to revenue. The firm tested the design and operating effectiveness of ITGCs and certain automated controls over this application in order to rely on the completeness and accuracy of data and reports produced by the application and used by the firm in its substantive procedures over certain revenue. The firm determined that certain ITGCs were not effective at year end. The following deficiencies were identified: · The firm did not evaluate the severity of the ITGC deficiencies and the effect on its control risk assessment. (AS 2301.34) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 18 The issuer used a customized application for processing and recording transactions related to revenue. The firm tested the design and operating effectiveness of ITGCs and certain automated controls over this application in order to rely on the completeness and accuracy of data and reports produced by the application and used by the firm in its substantive procedures over certain revenue. The firm determined that certain ITGCs were not effective at year end. The following deficiencies were identified: · The firm's approach to testing certain automated controls depended on effective ITGCs. As a result of the control deficiencies that the firm identified as discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2301.18) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Restricted Cash 3 AS 2301 8 The firm did not perform procedures to test certain disclosures related to the nature of restrictions for restricted cash beyond reading the issuer's prior year financial statements. (AS 2301.08) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm selected a sample of transactions to test revenue. The firm did not perform procedures other than reviewing certain information on selected invoices to test whether the delivery of services had occurred prior to the issuer's recognition of revenue for certain sampled transactions. (AS 2301.08 and .13) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm selected a sample of transactions to test revenue. The firm did not perform procedures other than reviewing certain information on selected invoices to test whether the delivery of services had occurred prior to the issuer's recognition of revenue for certain sampled transactions. (AS 2301.08 and .13) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 24 The firm selected a sample of transactions to test revenue. The firm selected its sample of transactions from three of the four types of revenue. The firm did not perform any procedures to test the fourth type of revenue. (AS 2315.24) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 10 During the year the issuer acquired a business that resulted in an acquired intangible asset. The firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of issuer-produced data it used to evaluate the reasonableness of a significant assumption. (AS 1105.10) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2810 30 During the year the issuer acquired a business that resulted in an acquired intangible asset. The firm did not identify and evaluate the issuer's omission of certain disclosures related to this business combination that were required by FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2810 31 During the year the issuer acquired a business that resulted in an acquired intangible asset. The firm did not identify and evaluate the issuer's omission of certain disclosures related to this business combination that were required by FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1105 4 During the year the issuer acquired a business and engaged a specialist to determine the fair value of an acquired intangible asset. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because it limited its procedures to comparing the assumptions to industry information. Further the firm did not perform any procedures to evaluate the reliability of the industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1105 6 During the year the issuer acquired a business and engaged a specialist to determine the fair value of an acquired intangible asset. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because it limited its procedures to comparing the assumptions to industry information. Further the firm did not perform any procedures to evaluate the reliability of the industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to determine the fair value of an acquired intangible asset. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because it limited its procedures to comparing the assumptions to industry information. Further the firm did not perform any procedures to evaluate the reliability of the industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 4 During the year the issuer acquired a business and engaged a specialist to determine the fair value of an acquired intangible asset. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of another significant assumption developed by the issuer because it limited its procedures to comparing the assumption to industry information without evaluating the significant difference between the assumption and the industry information. Further the firm did not evaluate the reliability of the industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 6 During the year the issuer acquired a business and engaged a specialist to determine the fair value of an acquired intangible asset. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of another significant assumption developed by the issuer because it limited its procedures to comparing the assumption to industry information without evaluating the significant difference between the assumption and the industry information. Further the firm did not evaluate the reliability of the industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to determine the fair value of an acquired intangible asset. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of another significant assumption developed by the issuer because it limited its procedures to comparing the assumption to industry information without evaluating the significant difference between the assumption and the industry information. Further the firm did not evaluate the reliability of the industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to determine the fair value of an acquired intangible asset. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy and completeness of certain issuer-produced data used by the company's specialist to develop a significant assumption. (AS 1105.A8a) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1105 4 During the year the issuer acquired a business and engaged a specialist to determine the fair value of an acquired intangible asset. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reliability of industry information it used to evaluate the reasonableness of an assumption developed by the company's specialist. (AS 1105.04 and .06) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1105 6 During the year the issuer acquired a business and engaged a specialist to determine the fair value of an acquired intangible asset. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reliability of industry information it used to evaluate the reasonableness of an assumption developed by the company's specialist. (AS 1105.04 and .06) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 16 The firm tested the design and operating effectiveness of certain ITGCs over the issuer's general ledger and other systems in order to rely on the accuracy and completeness of underlying data produced by the issuer that was used in the firm's substantive testing of certain revenue. The firm identified deficiencies in its testing of certain ITGCs. The following deficiencies were identified: · The firm identified compensating controls but did not perform any procedures to test the design and operating effectiveness of those controls during the entire period of reliance. (AS 2301.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 18 The firm tested the design and operating effectiveness of certain ITGCs over the issuer's general ledger and other systems in order to rely on the accuracy and completeness of underlying data produced by the issuer that was used in the firm's substantive testing of certain revenue. The firm identified deficiencies in its testing of certain ITGCs. The following deficiencies were identified: · The firm selected for testing certain automated and IT-dependent manual controls over this revenue. The firm's approach to testing these controls depended on effective IT general controls (ITGCs). As a result of the deficiency in the firm's testing of the controls discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2301.18) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer's customer determined the amount of consideration for the performance obligations at the time the issuer satisfied its obligations. The firm did not perform procedures to assess whether (1) the issuer's determination of transaction price used to recognize revenue was appropriate and (2) the issuer satisfied its performance obligations prior to the recognition of revenue beyond reading the issuer's revenue recognition memo and confirming with the issuer's customer the payments made to the issuer. (AS 2301.08 and .13) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer's customer determined the amount of consideration for the performance obligations at the time the issuer satisfied its obligations. The firm did not perform procedures to assess whether (1) the issuer's determination of transaction price used to recognize revenue was appropriate and (2) the issuer satisfied its performance obligations prior to the recognition of revenue beyond reading the issuer's revenue recognition memo and confirming with the issuer's customer the payments made to the issuer. (AS 2301.08 and .13) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 16 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm's substantive procedures to test revenue included substantive analytical procedures. The firm used external data and data derived from the recorded amounts of revenue to develop its expectation. The firm did not evaluate whether the external data was sufficiently reliable for purposes of achieving its audit objective beyond obtaining an understanding of the source of the data. (AS 2305.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm's substantive procedures to test revenue included substantive analytical procedures. The firm used external data and data derived from the recorded amounts of revenue to develop its expectation. The firm did not evaluate whether the data derived from recorded amounts of revenue was sufficiently relevant and reliable for the purpose of achieving its audit objective. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm's substantive procedures to test revenue included substantive analytical procedures. The firm used external data and data derived from the recorded amounts of revenue to develop its expectation. The firm did not evaluate whether the data derived from recorded amounts of revenue was sufficiently relevant and reliable for the purpose of achieving its audit objective. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 206 MaloneBailey, LLP 2023 United States 2025-02-27T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2305 16 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm's substantive procedures to test revenue included substantive analytical procedures. The firm used external data and data derived from the recorded amounts of revenue to develop its expectation. The firm did not evaluate whether the data derived from recorded amounts of revenue was sufficiently relevant and reliable for the purpose of achieving its audit objective. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 1 AS 2315 44 The firm designed a substantive procedure for testing four types of revenue as a dual-purpose test. The firm performed its substantive procedure using the sample size it determined for its control testing. This sample size was too small to provide sufficient appropriate audit evidence for the substantive procedure because the firm did not use the larger of the sample sizes that would otherwise have been designed for the two separate purposes. (AS 2315.44) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 2 AS 2301 8 The firm designed a substantive procedure for testing four types of revenue as a dual-purpose test. The firm performed its substantive procedure using the sample size it determined for its control testing. For the selected revenue transactions the firm did not perform procedures to test whether the issuer satisfied its performance obligations prior to the recognition of revenue beyond obtaining certain issuer-produced reports and testing the timing of cash receipts. (AS 2301.08 and .11) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 2 AS 2301 11 The firm designed a substantive procedure for testing four types of revenue as a dual-purpose test. The firm performed its substantive procedure using the sample size it determined for its control testing. For the selected revenue transactions the firm did not perform procedures to test whether the issuer satisfied its performance obligations prior to the recognition of revenue beyond obtaining certain issuer-produced reports and testing the timing of cash receipts. (AS 2301.08 and .11) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 3 AS 2305 13 The firm's substantive procedures to test three of these types of revenue included analytical procedures. The following deficiencies were identified: · The firm did not determine whether the expectations for the three types of revenue used in these analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 3 AS 2305 14 The firm's substantive procedures to test three of these types of revenue included analytical procedures. The following deficiencies were identified: · The firm did not determine whether the expectations for the three types of revenue used in these analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 4 AS 2305 20 The firm's substantive procedures to test three of these types of revenue included analytical procedures. The following deficiencies were identified: · The threshold that the firm established to investigate differences for two types of revenue was too high to identify misstatements that could be material either individually or in the aggregate. (AS 2305.20) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 5 AS 2305 21 The firm's substantive procedures to test three of these types of revenue included analytical procedures. The following deficiencies were identified: · The firm identified a difference in excess of the firm's established threshold for the third type of revenue but did not evaluate this difference beyond inquiry of management. (AS 2305.21) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2305 16 The firm's substantive procedures to test three of these types of revenue included analytical procedures. The following deficiencies were identified: · The firm used issuer-produced information to develop its expectation of one of these types of revenue but did not test or in the alternative test any controls over the accuracy of this information. (AS 2305.16) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 7 AS 2301 8 The firm did not perform any substantive procedures to test a fifth type of revenue. (AS 2301.08 and .11) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 7 AS 2301 11 The firm did not perform any substantive procedures to test a fifth type of revenue. (AS 2301.08 and .11) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 8 AS 2301 8 The firm did not perform substantive procedures to test the deferred revenue at year end. (AS 2301.08) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Taxes Significant Risk 9 AS 2301 8 The firm did not perform procedures to test certain permanent and temporary differences used in calculating the income tax provision beyond vouching these amounts to issuer-prepared schedules. (AS 2301.08 and.11) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Taxes Significant Risk 9 AS 2301 11 The firm did not perform procedures to test certain permanent and temporary differences used in calculating the income tax provision beyond vouching these amounts to issuer-prepared schedules. (AS 2301.08 and.11) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 10 AS 2401 61 The firm identified fraud criteria for purposes of identifying and selecting journal entries for testing. The firm did not perform procedures to determine whether any journal entries met one of its fraud criteria. In addition the firm obtained a listing of journal entries that met certain of the criteria. The firm did not perform sufficient procedures to test the journal entries in this listing because it limited its procedures to certain entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 1105 10 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · The firm selected for testing a control over change management but did not perform procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to this system. (AS 1105.10) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · The firm selected for testing a control over change management but did not perform procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to this system. (AS 1105.10) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2301 18 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · The firm selected for testing certain IT application controls and IT-dependent manual controls over revenue and accounts receivable. The firm's approach to testing these controls depended on effective ITGCs including controls over change management. As a result of the deficiency in the firm's testing of the control discussed above the firm's testing of these IT application controls and IT-dependent manual controls was not sufficient. (AS 2301.18) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 18 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · The firm selected for testing certain IT application controls and IT-dependent manual controls over revenue and accounts receivable. The firm's approach to testing these controls depended on effective ITGCs including controls over change management. As a result of the deficiency in the firm's testing of the control discussed above the firm's testing of these IT application controls and IT-dependent manual controls was not sufficient. (AS 2301.18) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2301 16 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 16 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2301 18 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 18 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2301 37 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 37 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2315 19 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 19 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23 The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23A The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23A The firm relied on certain information technology general controls (ITGCs) in its substantive approach to testing revenue and accounts receivable. The following deficiencies were identified: · As a result of the firm's control testing deficiencies the sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1390 Doane Grant Thornton LLP 2024 Canada Grant Thornton International Limited 2025-02-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 The firm identified fraud criteria for purposes of identifying and selecting journal entries for testing. In identifying journal entries that met the criteria the firm did not perform sufficient procedures because certain journal entries that met its criteria were not identified by the firm. (AS 2401.61) Triennially Inspected 2807 Bansal & Co LLP 2024 India 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the issuer met the revenue recognition criteria prior to recognizing revenue. (AS 2301.08 and .13) Triennially Inspected 2807 Bansal & Co LLP 2024 India 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any substantive procedures to evaluate whether the issuer met the revenue recognition criteria prior to recognizing revenue. (AS 2301.08 and .13) Triennially Inspected 2807 Bansal & Co LLP 2024 India 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 2 AS 2301 8 The firm did not evaluate whether the issuer's accounting for and disclosures related to goodwill and certain intangible assets were in conformity with GAAP. (AS 2301.08) Triennially Inspected 2807 Bansal & Co LLP 2024 India 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 2807 Bansal & Co LLP 2024 India 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the issuer met the revenue recognition criteria prior to recognizing revenue. (AS 2301.08 and .13) Triennially Inspected 2807 Bansal & Co LLP 2024 India 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any substantive procedures to evaluate whether the issuer met the revenue recognition criteria prior to recognizing revenue. (AS 2301.08 and .13) Triennially Inspected 2807 Bansal & Co LLP 2024 India 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Equity-Related Transactions 2 AS 2501 16 The firm did not perform procedures to evaluate whether the issuer had a reasonable basis for the significant assumptions used to estimate the fair value of the issuer's common stock issued in various share-based transactions beyond obtaining and reading certain issuer-prepared documents. (AS 2501.16) Triennially Inspected 2807 Bansal & Co LLP 2024 India 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain required disclosures related to debt. (AS 2810.30 and .31) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain required disclosures related to debt. (AS 2810.30 and .31) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 3 AS 2301 8 The firm did not evaluate whether the issuer's accounting for debt was in conformity with certain requirements of GAAP. (AS 2301.08) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 4 AS 2501 7 The firm did not perform any substantive procedures to test an accounting estimate in a significant account. (AS 2501.07) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 16 The firm selected a sample to test revenue transactions. The following deficiencies were identified: · The sample size the firm used to perform these substantive procedures was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 19 The firm selected a sample to test revenue transactions. The following deficiencies were identified: · The sample size the firm used to perform these substantive procedures was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23 The firm selected a sample to test revenue transactions. The following deficiencies were identified: · The sample size the firm used to perform these substantive procedures was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23A The firm selected a sample to test revenue transactions. The following deficiencies were identified: · The sample size the firm used to perform these substantive procedures was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 8 The firm selected a sample to test revenue transactions. The following deficiencies were identified: · For the transactions selected for testing the firm did not perform any procedures to evaluate the terms and conditions of the issuer's contracts with these customers to determine if the revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 13 The firm selected a sample to test revenue transactions. The following deficiencies were identified: · For the transactions selected for testing the firm did not perform any procedures to evaluate the terms and conditions of the issuer's contracts with these customers to determine if the revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 6580 GreenGrowth CPAs 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2401 61 The firm did not perform procedures to identify and test the journal entries that met certain of its fraud criteria. In addition the firm obtained a listing of journal entries and used it to identify journal entries that met certain other of its fraud criteria. The firm did not perform sufficient substantive procedures to test the journal entries that met this other criteria because it (i) limited its procedures to certain journal entries without having an appropriate rationale for limiting its testing to those journal entries and (ii) did not examine the underlying support for those entries it selected for testing. (AS 2401.61) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2101 11 The issuer recognized revenue from multiple business units. In determining the extent to which audit procedures over revenue should be performed at certain business units the firm did not evaluate whether (1) specific risks of material misstatement existed at these business units and (2) the risks of material misstatement the firm identified for the business units subject to more extensive audit procedures also applied to these business units such that in combination they presented a reasonable possibility of material misstatement. (AS 2101.11 and .12) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2101 12 The issuer recognized revenue from multiple business units. In determining the extent to which audit procedures over revenue should be performed at certain business units the firm did not evaluate whether (1) specific risks of material misstatement existed at these business units and (2) the risks of material misstatement the firm identified for the business units subject to more extensive audit procedures also applied to these business units such that in combination they presented a reasonable possibility of material misstatement. (AS 2101.11 and .12) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Investments Significant Risk 2 AS 1105 A8b The issuer engaged an external specialist to determine the fair value of certain investments. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of the significant assumptions developed by the issuer or the company's specialist that were used by the company's specialist in determining the fair value for certain investments. (AS 1105.A8b; AS 2501.16) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Investments Significant Risk 2 AS 2501 16 The issuer engaged an external specialist to determine the fair value of certain investments. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of the significant assumptions developed by the issuer or the company's specialist that were used by the company's specialist in determining the fair value for certain investments. (AS 1105.A8b; AS 2501.16) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Investments Significant Risk 3 AS 1105 A8a The issuer engaged an external specialist to determine the fair value of certain investments. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of certain data from sources external to the issuer that the company's specialist used to determine the fair value for certain investments. (AS 1105.A8a) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Investments Significant Risk 4 AS 1105 B1 The issuer engaged an external specialist to determine the fair value of certain investments. The following deficiencies were identified: · The firm did not perform or arrange to have another auditor perform auditing procedures to an investee's unaudited financial statements that the company's specialist used to determine the fair value of an investment. (AS 1105.B1 and .B3) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Investments Significant Risk 4 AS 1105 B3 The issuer engaged an external specialist to determine the fair value of certain investments. The following deficiencies were identified: · The firm did not perform or arrange to have another auditor perform auditing procedures to an investee's unaudited financial statements that the company's specialist used to determine the fair value of an investment. (AS 1105.B1 and .B3) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 5 AS 2310 28 The firm used an external digital confirmation platform to confirm certain cash but did not perform any procedures to support its reliance on this digital platform's ability to maintain control over the confirmation requests and responses. (AS 2310.28) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2401 61 For certain of the issuer's business units the firm did not identify and select journal entries and other adjustments for testing without having an appropriate basis for excluding those business units. (AS 2401.61) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 10 The firm did not evaluate whether the method used by the issuer to recognize estimated revenue was in conformity with certain requirements of FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2501.10) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not sufficiently evaluate whether the issuer's method to recognize revenue on a gross basis was appropriate because the firm did not evaluate certain indicators of net basis that existed. (AS 2301.08 and .13) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not sufficiently evaluate whether the issuer's method to recognize revenue on a gross basis was appropriate because the firm did not evaluate certain indicators of net basis that existed. (AS 2301.08 and .13) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash 4 AS 2310 28 The firm used an external digital confirmation platform to confirm certain cash but did not perform sufficient procedures to support its reliance on this digital platform's ability to maintain control over the confirmation requests and responses because its procedures were limited to obtaining an understanding of only certain aspects of this digital platform. (AS 2310.28) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Significant Risk 1 AS 1105 4 The firm did not evaluate the relevance of certain evidence it used in its assessment of the recoverability of amounts due from related parties. (AS 1105.04 and .06) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Significant Risk 1 AS 1105 6 The firm did not evaluate the relevance of certain evidence it used in its assessment of the recoverability of amounts due from related parties. (AS 1105.04 and .06) Triennially Inspected 6723 JP Centurion & Partners PLT 2024 Malaysia 2025-02-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Significant Risk 2 AS 2410 17 The firm did not evaluate the presentation as a current asset of a portion of amounts due from a related party. (AS 2410.17) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not evaluate the appropriateness of the issuer's revenue recognition policy for certain revenue. (AS 2301.08) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform sufficient procedures to test a subset of this revenue because it limited its procedures to tracing certain transactions to cash receipts. (AS 2301.08) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm did not perform procedures to test another subset of revenue beyond reviewing a sales listing obtained from an external source. (AS 2301.08) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 5 AS 2301 8 The issuer reported several types of certain assets. The following deficiencies were identified: · The firm did not perform procedures to test the rights and obligations of these assets. (AS 2301.08) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 6 AS 1105 4 The issuer reported several types of certain assets. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of information it obtained from external sources and used to test these assets. (AS 1105.04 and .06) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 6 AS 1105 6 The issuer reported several types of certain assets. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of information it obtained from external sources and used to test these assets. (AS 1105.04 and .06) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 7 AS 2301 8 The issuer reported several types of certain assets. The following deficiencies were identified: · The firm did not perform any procedures to test the existence of certain of these assets. (AS 2301.08) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 8 AS 2301 8 The issuer reported several types of certain assets. The following deficiencies were identified: · The firm did not evaluate whether the issuer's (1) accounting for certain of these assets and (2) presentation of certain other of these assets were appropriate. (AS 2301.08) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 9 AS 2301 8 The issuer reported several types of certain assets. The following deficiencies were identified: · The firm did not sufficiently evaluate the issuer's determination that there were no indicators of impairment for certain of these assets at certain dates because it did not evaluate whether the issuer had appropriately applied GAAP in identifying indicators of impairment. (AS 2301.08) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 10 AS 2301 8 The issuer reported several types of certain assets. The following deficiencies were identified: · The firm did not perform procedures to test activity reported in the statement of cash flows related to these assets beyond tracing amounts to summarized account activity in the issuer's general ledger. (AS 2301.08) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 11 AS 2501 10 The issuer reported several types of certain assets. The following deficiencies were identified: · The firm did not evaluate whether the method used by the issuer to develop an estimate of certain of these assets was in conformity with certain applicable GAAP requirements. (AS 2501.10) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 12 AS 2810 30 The issuer reported several types of certain assets. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 12 AS 2810 31 The issuer reported several types of certain assets. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Significant Risk 13 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether the issuer satisfied its performance obligations prior to the recognition of revenue because it limited its procedures to testing cash receipts. (AS 2301.08 and .13) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform sufficient procedures to evaluate whether the issuer satisfied its performance obligations prior to the recognition of revenue because it limited its procedures to testing cash receipts. (AS 2301.08 and .13) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform procedures to test sales discounts. (AS 2301.08 and .13) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform procedures to test sales discounts. (AS 2301.08 and .13) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm also did not perform procedures to test or test any controls over the completeness of certain information it used to test revenue. (AS 1105.10) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 30 The firm did not identify and evaluate that certain of the issuer's disclosures related to revenue were inaccurate. (AS 2810.30 and .31) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 31 The firm did not identify and evaluate that certain of the issuer's disclosures related to revenue were inaccurate. (AS 2810.30 and .31) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts 6 AS 2501 16 The firm did not perform procedures beyond inquiry to evaluate the reasonableness of certain significant assumptions the issuer used to develop its valuation of certain significant accounts. (AS 2501.16) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts 7 AS 2501 10 The firm did not evaluate whether the method used by the issuer to develop its estimate related to one of these significant accounts was in conformity with GAAP. (AS 2501.10) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts 8 AS 2501 7 The firm did not perform any procedures to test the valuation of another significant account. (AS 2501.07) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts 9 AS 2301 8 The firm did not perform procedures to evaluate and test certain aspects of this significant account. (AS 2301.08) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Statement of Cash Flows Significant Risk 10 AS 2301 8 The firm did not perform any procedures to test certain information reported in the statement of cash flows including an evaluation of evidence that indicated that the information reported was potentially inaccurate. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Statement of Cash Flows Significant Risk 10 AS 2301 11 The firm did not perform any procedures to test certain information reported in the statement of cash flows including an evaluation of evidence that indicated that the information reported was potentially inaccurate. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Statement of Cash Flows Significant Risk 10 AS 2810 3 The firm did not perform any procedures to test certain information reported in the statement of cash flows including an evaluation of evidence that indicated that the information reported was potentially inaccurate. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6771 VICTOR MOKUOLU CPA PLLC 2024 United States 2025-02-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Significant Risk 11 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm did not identify and test any controls over the unsatisfied performance obligations the issuer expected to be recognized as revenue within the next 12 months. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of unsatisfied performance obligations that it expected to be recognized as revenue beyond the next 12 months. The firm did not identify and test any controls over the accuracy and completeness of the report used in the operation of this control. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2305 13 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm performed a substantive analytical procedure to test this disclosure. The firm did not determine whether the expectation it used in this analytical procedure was based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2305 14 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm performed a substantive analytical procedure to test this disclosure. The firm did not determine whether the expectation it used in this analytical procedure was based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm established its threshold for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the threshold that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm established its threshold for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the threshold that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm established its threshold for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the threshold that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2305 20 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm established its threshold for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the threshold that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets 5 AS 2310 33 The firm sent a positive confirmation request to the custodian for certain pension plan assets which was returned with exceptions. The firm did not evaluate the nature of these exceptions. (AS 2310.33) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 48 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to the loans. The firm identified deviations in the operation of this control but did not evaluate the effect of these deviations on the operating effectiveness of the control. (AS 2201.48) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 44 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to the loans. In its testing of the operating effectiveness of this control the firm excluded certain loans from its testing population. (AS 2201.44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2301 8 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm's substantive procedures to test the reasonableness of the assigned loan risk ratings for certain loans included making a selection of loans for testing. The firm identified differences in the assigned loan risk ratings but did not evaluate the effect of these differences on whether it had obtained sufficient appropriate audit evidence. Further the firm did not perform any substantive procedures to test the loan risk ratings for the loans that were excluded from the firm's control testing procedures discussed above. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 42 The issuer determined the qualitative reserve component of the ACL using various qualitative factors. The firm selected for testing controls that included the issuer's reviews of these factors. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these factors. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 44 The issuer determined the qualitative reserve component of the ACL using various qualitative factors. The firm selected for testing controls that included the issuer's reviews of these factors. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these factors. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 42 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm selected for testing a control that included the issuer's review of the risk ratings for certain loans. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these risk ratings. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 44 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm selected for testing a control that included the issuer's review of the risk ratings for certain loans. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these risk ratings. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 39 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm selected for testing a control that included the issuer's review of the risk ratings for certain loans. For this control and two other controls the firm selected for testing over the ACL the firm did not identify and test any controls over the accuracy and completeness of certain loan information used in the operation of these controls. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer disclosed the amount of unsatisfied performance obligations. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of this disclosure. The firm did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules related to this disclosure that were used in the operation of this control. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer disclosed the amount of unsatisfied performance obligations. The following deficiencies were identified: · The firm used these issuer-prepared schedules in its substantive testing of this disclosure but did not perform any procedures to test or test any controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 30 The issuer disclosed the amount of unsatisfied performance obligations. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in this required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 31 The issuer disclosed the amount of unsatisfied performance obligations. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in this required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The issuer performed cycle counts of certain inventory. The firm did not identify and test any controls that addressed whether this inventory was counted with sufficient frequency in accordance with the issuer's cycle-count policy. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2510 11 The firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 1105 A8a The issuer engaged specialists to determine the fair value of certain leased assets using various data and assumptions. The following deficiencies were identified: · The firm did not perform procedures to (1) test the accuracy and completeness of issuer-produced data used by the company's specialists and (2) evaluate the relevance and reliability of external information used by one of the company's specialists. (AS 1105.A8a) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Leases 2 AS 1105 A8b The issuer engaged specialists to determine the fair value of certain leased assets using various data and assumptions. The following deficiencies were identified: · The firm did not evaluate the reasonableness of significant assumptions used by the company's specialists. (AS 1105.A8b) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 1 AS 2201 42 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these operating results and cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of excluding these costs. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 1 AS 2201 42 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these operating results and cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of excluding these costs. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 1 AS 2201 44 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these operating results and cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of excluding these costs. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 1 AS 2201 44 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these operating results and cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of excluding these costs. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2301 8 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm used these operating results in its substantive procedures to evaluate whether any impairment indicators existed for these assets. The firm did not evaluate whether these excluded costs were directly associated with the identified asset groups. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 2 AS 2301 8 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm used these operating results in its substantive procedures to evaluate whether any impairment indicators existed for these assets. The firm did not evaluate whether these excluded costs were directly associated with the identified asset groups. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 3 AS 2501 10 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm's approach for substantively testing the recoverability of certain of these assets was to test the issuer's process. The firm did not evaluate whether the issuer's method to determine the recoverability of these assets using cash-flow forecasts that excluded these costs was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.10) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 3 AS 2501 10 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm's approach for substantively testing the recoverability of certain of these assets was to test the issuer's process. The firm did not evaluate whether the issuer's method to determine the recoverability of these assets using cash-flow forecasts that excluded these costs was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.10) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Investment Securities 1 AS 2201 42 The issuer recorded available-for-sale securities at fair value. The firm selected for testing a control that included comparing recorded prices from an external service provider to prices determined by the control owner. The firm did not evaluate the specific review procedures that the control owner performed to (1) determine the comparative prices and (2) to identify items for follow-up. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Investment Securities 1 AS 2201 44 The issuer recorded available-for-sale securities at fair value. The firm selected for testing a control that included comparing recorded prices from an external service provider to prices determined by the control owner. The firm did not evaluate the specific review procedures that the control owner performed to (1) determine the comparative prices and (2) to identify items for follow-up. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Certain Assets 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate the issuer's presentation of certain assets as current assets because it did not evaluate beyond inquiring of management the issuer's intent to consume all of these assets within one year from the balance sheet date. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to certain of these IT systems. The firm did not test whether users with the ability to implement code changes also had the ability to develop those changes. Further the firm did not test whether the ability to implement configuration changes was appropriately restricted to authorized users. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to certain of these IT systems. The firm did not test whether users with the ability to implement code changes also had the ability to develop those changes. Further the firm did not test whether the ability to implement configuration changes was appropriately restricted to authorized users. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to certain of these IT systems. The firm did not test whether users with the ability to implement code changes also had the ability to develop those changes. Further the firm did not test whether the ability to implement configuration changes was appropriately restricted to authorized users. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to certain of these IT systems. The firm did not test whether users with the ability to implement code changes also had the ability to develop those changes. Further the firm did not test whether the ability to implement configuration changes was appropriately restricted to authorized users. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 3 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls that consisted of the issuer's testing and approval of system changes prior to implementation into the production environment. In its testing of the operating effectiveness of certain of these controls the firm excluded certain types of changes from its testing population. (AS 2201.44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 3 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls that consisted of the issuer's testing and approval of system changes prior to implementation into the production environment. In its testing of the operating effectiveness of certain of these controls the firm excluded certain types of changes from its testing population. (AS 2201.44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls that consisted of the issuer's testing and approval of system changes prior to implementation into the production environment. For certain other of these controls the firm did not test or test any controls over the completeness of the population of items from which it selected its sample for testing. (AS 1105.10) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls that consisted of the issuer's testing and approval of system changes prior to implementation into the production environment. For certain other of these controls the firm did not test or test any controls over the completeness of the population of items from which it selected its sample for testing. (AS 1105.10) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 5 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls over the issuer's monitoring of system changes. The firm did not identify and test any controls over the accuracy and completeness of certain reports that the issuer used in the operation of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 5 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls over the issuer's monitoring of system changes. The firm did not identify and test any controls over the accuracy and completeness of certain reports that the issuer used in the operation of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 6 AS 2201 42 The firm selected for testing two controls over the transfer of data between certain of the issuer's revenue systems and the general ledger. For the first control the firm did not test the configuration or programming of certain automated aspects of the control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that these automated aspects of the control were designed and operating effectively. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 6 AS 2201 44 The firm selected for testing two controls over the transfer of data between certain of the issuer's revenue systems and the general ledger. For the first control the firm did not test the configuration or programming of certain automated aspects of the control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that these automated aspects of the control were designed and operating effectively. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 7 AS 2201 39 The firm selected for testing two controls over the transfer of data between certain of the issuer's revenue systems and the general ledger. For the second control the firm did not identify and test any controls over the accuracy and completeness of certain data that the control owner used in the operation of this control. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 8 AS 2201 42 With respect to revenue and deferred revenue at certain business units that the firm subjected to more extensive audit procedures the following deficiencies were identified: The firm selected for testing two controls that consisted of the issuer's (1) identification of matters at its business units that could affect revenue recognition and (2) review of certain new and modified contracts for appropriate revenue recognition. The issuer used the matters identified in the first control as the population of contracts to be reviewed in the second control. The firm did not evaluate whether the first control was designed to address whether a complete population of these new and modified contracts was identified for review in the second control. (AS 2201.42) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 8 AS 2201 42 With respect to revenue and deferred revenue at certain business units that the firm subjected to more extensive audit procedures the following deficiencies were identified: The firm selected for testing two controls that consisted of the issuer's (1) identification of matters at its business units that could affect revenue recognition and (2) review of certain new and modified contracts for appropriate revenue recognition. The issuer used the matters identified in the first control as the population of contracts to be reviewed in the second control. The firm did not evaluate whether the first control was designed to address whether a complete population of these new and modified contracts was identified for review in the second control. (AS 2201.42) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 9 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The relative standalone selling prices were determined based in part on the issuer's categorization of its product offerings and pricing discounts it offered its customers. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's categorization of its product offerings and pricing discounts that were used to determine the standalone selling prices. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 10 AS 2201 44 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The relative standalone selling prices were determined based in part on the issuer's categorization of its product offerings and pricing discounts it offered its customers. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review and approval of the selling price data used to determine the standalone selling prices. The firm did not evaluate the specific review procedures that the control owners performed to evaluate exceptions identified for certain items that were selected for testing. (AS 2201.44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 11 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The relative standalone selling prices were determined based in part on the issuer's categorization of its product offerings and pricing discounts it offered its customers. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review and approval of the selling price data used to determine the standalone selling prices. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report that the control owners used in the operation of this control. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 12 AS 2201 39 The firm selected for testing a control over the automated recognition of certain revenue when electronic delivery occurred. The firm did not identify and test any controls over the accuracy and completeness of the electronic delivery dates used in the operation of this control. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 13 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The firm did not perform procedures to test or sufficiently test controls over the completeness of certain reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 13 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The firm did not perform procedures to test or sufficiently test controls over the completeness of certain reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 13 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The firm did not perform procedures to test or sufficiently test controls over the completeness of certain reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2315 19 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2315 19 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2315 19 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2315 23 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2315 23 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2315 23 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2315 23A As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2315 23A As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2315 23A As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 15 AS 2201 39 With respect to revenue and deferred revenue at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reconciliation of the business unit-level financial data to its consolidated general ledger. The firm did not identify and test any controls over the accuracy and completeness of the business unit-level data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 15 AS 2201 39 With respect to revenue and deferred revenue at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reconciliation of the business unit-level financial data to its consolidated general ledger. The firm did not identify and test any controls over the accuracy and completeness of the business unit-level data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 16 AS 2301 8 With respect to revenue and deferred revenue at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and deferred revenue for these business units. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 16 AS 2301 8 With respect to revenue and deferred revenue at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and deferred revenue for these business units. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 39 The issuer recognized revenue from contracts with customers that included either standard or nonstandard terms. Certain contracts included an estimate of variable consideration in the transaction price. The following deficiencies were identified: · The firm selected for testing controls that included the issuer's identification and evaluation of contracts with nonstandard terms. The firm did not identify and test any controls over the completeness of certain information that the control owners used in the operation of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its accounting for this revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include this additional material weakness. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 39 The issuer recognized revenue from contracts with customers that included either standard or nonstandard terms. Certain contracts included an estimate of variable consideration in the transaction price. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's accounting for variable consideration included in contracts with standard terms. (AS 2201.39) In connection with our review the issuer reevaluated its accounting for this revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include this additional material weakness. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2810 30 During the year the issuer received a one-time payment in connection with a contract modification that it recognized as revenue. The firm did not identify and evaluate that the issuer's accounting for this revenue was not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) In connection with our review the issuer reevaluated its accounting for this revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include this additional material weakness. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 1 AS 2201 42 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing certain IT-dependent manual controls over the data used to develop and record these insurance-related liabilities. The firm did not test the configuration or programming of certain queries that the issuer used to generate data used in the operation of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 1 AS 2201 44 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing certain IT-dependent manual controls over the data used to develop and record these insurance-related liabilities. The firm did not test the configuration or programming of certain queries that the issuer used to generate data used in the operation of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 2 AS 2201 39 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) reviews of the actuarial valuation methodologies assumptions and models and (2) recalculations of the insurance reserves for these products and review of these recalculations. The firm did not identify and test any controls over the accuracy and completeness of certain data that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 3 AS 2201 42 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) reviews of the actuarial valuation methodologies assumptions and models and (2) recalculations of the insurance reserves for these products and review of these recalculations. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain of these reserve recalculations. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 3 AS 2201 44 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) reviews of the actuarial valuation methodologies assumptions and models and (2) recalculations of the insurance reserves for these products and review of these recalculations. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain of these reserve recalculations. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 4 AS 1105 A8a The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm did not test or sufficiently test controls over the accuracy and completeness of certain issuer-produced data that the company's specialists used to determine these actuarial valuations. (AS 1105.A8a) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 5 AS 2201 42 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's comparisons and reviews of the current-period insurance reserves and related trends to the prior-period amounts. In evaluating the design of these controls the firm did not evaluate whether the thresholds that the control owners used to identify items for investigation were sufficiently precise to detect material misstatements. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 6 AS 2201 42 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing a control that included the issuer's reconciliations of loss experience data to its actuarial valuations which included the issuer's use of tools to transfer data and perform calculations. The firm did not sufficiently test the control attributes designed to address the accuracy of data transferred into these tools because the firm did not test whether these control attributes were designed to address and/or operated as designed for each relevant processing alternative. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 6 AS 2201 44 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing a control that included the issuer's reconciliations of loss experience data to its actuarial valuations which included the issuer's use of tools to transfer data and perform calculations. The firm did not sufficiently test the control attributes designed to address the accuracy of data transferred into these tools because the firm did not test whether these control attributes were designed to address and/or operated as designed for each relevant processing alternative. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 7 AS 2201 39 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing a control that included the issuer's reconciliations of loss experience data to its actuarial valuations which included the issuer's use of tools to transfer data and perform calculations. The firm did not identify and test any controls over the accuracy of the computations performed within these tools. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 8 AS 2201 39 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the actuarial valuation methodologies and assumptions. The firm did not identify and test any controls over the accuracy and completeness of certain data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 9 AS 1105 A8a With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm did not test or test any controls over the accuracy and/or completeness of certain issuer-produced data that the company's specialists used to determine these actuarial valuations. (AS 1105.A8a) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 10 AS 2201 42 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) recalculations of the insurance reserves for these products and review of these recalculations and (2) comparisons and reviews of the current-period insurance reserves and related trends to the prior-period amounts. The firm did not evaluate the specific review procedures that the control owners performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 10 AS 2201 44 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) recalculations of the insurance reserves for these products and review of these recalculations and (2) comparisons and reviews of the current-period insurance reserves and related trends to the prior-period amounts. The firm did not evaluate the specific review procedures that the control owners performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 11 AS 2301 8 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm did not perform substantive procedures to test whether the issuer had appropriately calculated the gross amounts of these insurance-related assets and liabilities that were presented in the issuer's financial statements. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 12 AS 2310 33 The issuer used a service organization to perform recordkeeping and processing of transactions for certain investment securities. The firm sent positive confirmation requests to the custodians for these investment securities but did not evaluate the nature of exceptions between the securities amounts included in the confirmation replies and the securities amounts that the issuer recorded. (AS 2310.33) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 42 The issuer performed its annual goodwill impairment assessment as of an interim date. The following deficiencies were identified: · The firm selected for testing controls that included the issuer's assessment of triggering events between its annual assessment date and year end. The firm did not evaluate whether the controls were designed to address whether certain adverse market conditions and deteriorating financial results that arose before year end would have required an impairment test as of year end. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2301 8 The issuer performed its annual goodwill impairment assessment as of an interim date. The following deficiencies were identified: · The firm did not sufficiently evaluate the issuer's determination that it did not need to test goodwill for impairment between its annual assessment and year end because it did not identify that the issuer's evaluation did not consider these adverse market conditions and deteriorating financial results that arose before year end. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm's testing of certain automated controls over revenue at these business units was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm's testing of certain automated controls over revenue at these business units was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 68 For the first business unit the firm identified control deficiencies related to the issuer's review of sales prices that were applied to certain customer orders and used to recognize revenue. The firm identified and tested various compensating controls that it believed would mitigate these deficiencies. The firm did not identify that these compensating controls did not address the risk of material misstatement related to the accuracy of these sales prices. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 For the second business unit the firm selected for testing a control that consisted of the issuer's comparison of sales prices invoiced to the customer order. For electronically received customer orders the firm did not identify and test any controls over the accuracy of the data included in the customer orders that were used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 42 For the second business unit the firm selected for testing a control that consisted of the issuer's comparison of sales prices invoiced to the customer order. For manually received customer orders the firm did not assess the effect of the same individual both entering and reviewing the sales prices in evaluating the design of the control. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The issuer performed cycle counts of inventory held at one of its locations. The issuer used a service organization to host and maintain an IT system that was used in its cycle-count procedures. The firm did not obtain an understanding of and test any relevant controls at this service organization. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 B19 The issuer performed cycle counts of inventory held at one of its locations. The issuer used a service organization to host and maintain an IT system that was used in its cycle-count procedures. The firm did not obtain an understanding of and test any relevant controls at this service organization. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2510 11 Due to the deficiency discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures that the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries 9 AS 2201 42 For one of the issuer's business units the firm selected for testing a control that consisted of the control owner's review of a selection of journal entries for appropriateness. When evaluating the design of this control the firm did not evaluate the number of items the control owner reviewed to assess whether it was sufficient to address the risks of material misstatement. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 42 The issuer recorded revenue net of customer rebates and chargebacks. The issuer estimated its accrued rebates and chargebacks using significant assumptions that were based in part on forecasts of expected future sales rebates and chargebacks. The following deficiencies were identified: · The firm selected for testing various controls that included the issuer's reviews of the significant assumptions used to develop these accruals. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the underlying forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 44 The issuer recorded revenue net of customer rebates and chargebacks. The issuer estimated its accrued rebates and chargebacks using significant assumptions that were based in part on forecasts of expected future sales rebates and chargebacks. The following deficiencies were identified: · The firm selected for testing various controls that included the issuer's reviews of the significant assumptions used to develop these accruals. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the underlying forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 39 The issuer recorded revenue net of customer rebates and chargebacks. The issuer estimated its accrued rebates and chargebacks using significant assumptions that were based in part on forecasts of expected future sales rebates and chargebacks. The following deficiencies were identified: · The firm selected for testing various controls that included the issuer's reviews of the significant assumptions used to develop these accruals. The firm did not identify and test any controls over the accuracy and completeness of certain issuer-produced data and reports used in the operation of two of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2501 16 The issuer recorded revenue net of customer rebates and chargebacks. The issuer estimated its accrued rebates and chargebacks using significant assumptions that were based in part on forecasts of expected future sales rebates and chargebacks. The following deficiencies were identified: · The firm's approach for substantively testing accrued rebates and chargebacks was to test the issuer's process. The firm did not perform sufficient procedures to evaluate the reasonableness of the significant assumptions used to develop these accruals because the firm did not evaluate the reasonableness of the underlying forecasts. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 1105 10 The issuer recorded revenue net of customer rebates and chargebacks. The issuer estimated its accrued rebates and chargebacks using significant assumptions that were based in part on forecasts of expected future sales rebates and chargebacks. The following deficiencies were identified: · The firm used certain issuer-produced data and reports in its testing of accrued rebates and chargebacks but did not test or test any controls over the accuracy and completeness of these data and reports. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to revenue and related accounts including accrued sales rebates and chargebacks. The firm selected for testing a control that included the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether users performed appropriate actions when granted this access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to revenue and related accounts including accrued sales rebates and chargebacks. The firm selected for testing a control that included the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether users performed appropriate actions when granted this access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2201 46 In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the above deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 16 The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 18 The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 37 The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2315 19 The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2315 23 The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2315 23A The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 B21 The issuer developed the quantitative reserve component of the ACL using a model that was maintained by a service organization. The following deficiencies were identified: · The firm obtained a service auditor's report but did not evaluate whether this auditor's report provided sufficient appropriate audit evidence because the firm did not assess certain controls that the service auditor tested and how those controls related to the issuer's controls over the quantitative component of the ACL. (AS 2201.B21) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 2 AS 2201 39 The issuer developed the quantitative reserve component of the ACL using a model that was maintained by a service organization. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's ongoing assessment and monitoring of the predictability and effectiveness of this ACL model. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 3 AS 2201 46 The firm selected for testing a control that consisted of the control owner's reperformance of certain ACL calculations. The number of instances that the firm selected for testing this control did not provide sufficient appropriate audit evidence given the frequency with which this control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 4 AS 2501 16 The issuer determined the qualitative reserve component of the ACL using various qualitative factors. The firm's approach for substantively testing the ACL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions that the issuer used to develop certain of these qualitative factors. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 5 AS 2201 42 During the year the issuer acquired a business. The issuer assigned certain acquired loans a risk rating which was a significant assumption in estimating the fair value of the acquired loans. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the credit quality of these acquired loans including the assigned loan risk ratings. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assigned loan risk ratings. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 5 AS 2201 44 During the year the issuer acquired a business. The issuer assigned certain acquired loans a risk rating which was a significant assumption in estimating the fair value of the acquired loans. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the credit quality of these acquired loans including the assigned loan risk ratings. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assigned loan risk ratings. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 6 AS 2501 16 During the year the issuer acquired a business. The issuer assigned certain acquired loans a risk rating which was a significant assumption in estimating the fair value of the acquired loans. The following deficiencies were identified: · The firm's approach for substantively testing the valuation of these acquired loans was to test the issuer's process. The firm selected a sample of acquired loans for testing. The firm did not evaluate whether the issuer had a reasonable basis for the assigned loan risk ratings for these acquired loans. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to certain revenue and accounts receivable. The firm selected for testing controls that included the issuer's reviews of changes made to this IT system through administrative user access. When testing the design and operating effectiveness of these controls the firm did not evaluate (1) certain criteria that the control owners used to determine which types of changes would be subject to the issuer's reviews and (2) whether the control owners' review of only certain types of system changes and permissions was sufficient to address the risk that unauthorized changes were made. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to certain revenue and accounts receivable. The firm selected for testing controls that included the issuer's reviews of changes made to this IT system through administrative user access. When testing the design and operating effectiveness of these controls the firm did not evaluate (1) certain criteria that the control owners used to determine which types of changes would be subject to the issuer's reviews and (2) whether the control owners' review of only certain types of system changes and permissions was sufficient to address the risk that unauthorized changes were made. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to certain revenue and accounts receivable. The firm selected for testing controls that included the issuer's reviews of changes made to this IT system through administrative user access. When testing the design and operating effectiveness of these controls the firm did not evaluate (1) certain criteria that the control owners used to determine which types of changes would be subject to the issuer's reviews and (2) whether the control owners' review of only certain types of system changes and permissions was sufficient to address the risk that unauthorized changes were made. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to certain revenue and accounts receivable. The firm selected for testing controls that included the issuer's reviews of changes made to this IT system through administrative user access. When testing the design and operating effectiveness of these controls the firm did not evaluate (1) certain criteria that the control owners used to determine which types of changes would be subject to the issuer's reviews and (2) whether the control owners' review of only certain types of system changes and permissions was sufficient to address the risk that unauthorized changes were made. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 46 In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data or reports generated or maintained by this IT system. As a result of the above deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data or reports generated or maintained by this IT system. As a result of the above deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 16 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 18 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 37 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 19 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23A The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 10 The firm selected for testing a control at one of the issuer's locations that consisted of the issuer's review of source documentation prior to processing customer invoices and credit memos. The firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing this control. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The firm selected for testing a control at one of the issuer's locations that consisted of the issuer's review of source documentation prior to processing customer invoices and credit memos. The firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing this control. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 46 The firm selected for testing a control at one of the issuer's locations that consisted of the issuer's review of source documentation prior to processing customer invoices and credit memos. The number of credit memos that the firm selected for testing did not provide sufficient appropriate evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 46 The firm selected for testing a control at one of the issuer's locations that consisted of the issuer's review of source documentation prior to processing customer invoices and credit memos. The number of credit memos that the firm selected for testing did not provide sufficient appropriate evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 1 AS 2201 46 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. As a result of the following audit deficiencies the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. As a result of the following audit deficiencies the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 2 AS 2201 39 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm did not identify and test any controls that addressed the risk that certain users could make unauthorized changes to the data in this system. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm did not identify and test any controls that addressed the risk that certain users could make unauthorized changes to the data in this system. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 3 AS 2201 42 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm selected for testing (1) an automated control over the transfer of data from the issuer's source system into this IT system and (2) controls over the generation of the reports used in these IT-dependent manual controls. The firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm selected for testing (1) an automated control over the transfer of data from the issuer's source system into this IT system and (2) controls over the generation of the reports used in these IT-dependent manual controls. The firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 3 AS 2201 44 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm selected for testing (1) an automated control over the transfer of data from the issuer's source system into this IT system and (2) controls over the generation of the reports used in these IT-dependent manual controls. The firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm selected for testing (1) an automated control over the transfer of data from the issuer's source system into this IT system and (2) controls over the generation of the reports used in these IT-dependent manual controls. The firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of forecasted sales that were used to estimate the valuation of certain inventory. The firm did not evaluate the specific review procedures that the control owners performed to assess the issuer's ability to achieve these forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of forecasted sales that were used to estimate the valuation of certain inventory. The firm did not evaluate the specific review procedures that the control owners performed to assess the issuer's ability to achieve these forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reconciliation of the inventory subledger to its general ledger and its review of this reconciliation. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of certain inventory adjustments that the firm selected for testing that were included in this reconciliation. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reconciliation of the inventory subledger to its general ledger and its review of this reconciliation. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of certain inventory adjustments that the firm selected for testing that were included in this reconciliation. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 1105 10 The firm's substantive procedures to test these inventory adjustments consisted of selecting a sample of items for testing. The firm used issuer-produced quantity information in these substantive procedures but did not perform any procedures to test or sufficiently test controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of potential indicators of impairment for its long-lived assets and certain investments. The firm did not evaluate whether the thresholds that the control owner used to identify certain impairment indicators were sufficiently precise to prevent or detect material misstatements. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of potential indicators of impairment for its long-lived assets and certain investments. The firm did not evaluate whether the thresholds that the control owner used to identify certain impairment indicators were sufficiently precise to prevent or detect material misstatements. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 2 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of potential indicators of impairment for its long-lived assets and certain investments. The firm did not identify and test any controls over the accuracy and/or completeness of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 2 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of potential indicators of impairment for its long-lived assets and certain investments. The firm did not identify and test any controls over the accuracy and/or completeness of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 3 AS 1105 10 The issuer performed a quantitative impairment assessment of certain long-lived assets and investments that had impairment indicators. The firm used certain issuer-produced data in its substantive testing of this impairment assessment but did not test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 3 AS 1105 10 The issuer performed a quantitative impairment assessment of certain long-lived assets and investments that had impairment indicators. The firm used certain issuer-produced data in its substantive testing of this impairment assessment but did not test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 4 AS 2301 8 For another of the issuer's long-lived assets the firm did not evaluate the appropriateness of the issuer's conclusion that an impairment assessment was not required even though an impairment indicator existed for this long-lived asset. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 4 AS 2301 8 For another of the issuer's long-lived assets the firm did not evaluate the appropriateness of the issuer's conclusion that an impairment assessment was not required even though an impairment indicator existed for this long-lived asset. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the first control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the first control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the first control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the first control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 39 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the second control the firm did not identify and test any controls over the accuracy and completeness of certain reports that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the second control the firm did not identify and test any controls over the accuracy and completeness of certain reports that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Inventory 3 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the second control the firm did not test the aspects of this control that addressed the accuracy or completeness of certain other reports used in the operation of the control. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the second control the firm did not test the aspects of this control that addressed the accuracy or completeness of certain other reports used in the operation of the control. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A L No ICFR audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed the goodwill area and also identified the deficiency below. For four of the issuer's reporting units the firm selected for testing controls that consisted of the issuer's reviews of the forecasts and valuation model used in its goodwill impairment analysis including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A L No ICFR audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed the goodwill area and also identified the deficiency below. For four of the issuer's reporting units the firm selected for testing controls that consisted of the issuer's reviews of the forecasts and valuation model used in its goodwill impairment analysis including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A L No ICFR audit only Audits with multiple deficiencies Leases 2 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of the accounting for certain lease transactions. The firm did not identify and test any controls over the accuracy and completeness of a report used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Long-lived Assets 1 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm used issuer-prepared schedules in its substantive testing of the issuer's (1) assessment of certain long-lived assets for possible impairment and (2) long-lived asset disclosures. The firm did not perform any procedures to test or test any controls over the accuracy of certain data included in these issuer-prepared schedules. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Leases 2 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm performed substantive procedures to test the accuracy of a schedule that the issuer used to prepare certain of its lease disclosures. The sample size the firm used in these substantive procedures was smaller than the one the firm determined necessary to provide sufficient appropriate audit evidence. Further the firm did not perform any procedures to test or test any controls over the completeness of this schedule. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of its asset groupings used in the evaluation of long-lived assets for possible impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the specific assets that were included in the asset groupings. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of its asset groupings used in the evaluation of long-lived assets for possible impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the specific assets that were included in the asset groupings. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 2 AS 2301 8 During the year the issuer identified that events or changes in circumstances existed indicating that the carrying value of certain long-lived assets may not be recoverable. The firm did not evaluate whether these events or changes in circumstances indicated that the carrying amounts of certain other long-lived assets may not be recoverable. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 Certain of the issuer's contracts provided for the reimbursement of costs for services performed on behalf of its customers and the issuer did not recognize revenue from these services. The firm did not perform procedures to evaluate whether these services were part of the issuer's performance obligation under its customer contracts that should have been recognized as revenue in conformity with FASB ASC Topic 606. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A P No ICFR audit only Audits with a single deficiency Journal Entries 1 AS 2201 42 The firm selected for testing a control that consisted of the control owner's review of certain journal entries. The firm did not evaluate whether the design of this control was sufficient to address whether journal entries prepared and posted by the same individual were authorized and appropriate. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A Q No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2301 8 The issuer used a service organization for recordkeeping and processing of transactions related to investment securities. The firm did not perform any procedures that addressed the accuracy of certain data from the service organization that was used to determine the classification of investment purchases and sales in the statement of cash flows. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 13 The firm performed a substantive analytical procedure to test certain revenue deductions. The firm did not determine whether the expectation used in this substantive analytical procedure was based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 14 The firm performed a substantive analytical procedure to test certain revenue deductions. The firm did not determine whether the expectation used in this substantive analytical procedure was based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 39 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer engaged a specialist to assist it in determining the fair value of the loans acquired and the deposits assumed in connection with the business combination. The firm selected for testing various controls over the acquired loans and assumed deposits data that were provided to and used by the company's specialist. The firm did not identify and test any controls over the accuracy and completeness of certain of the data from the legacy systems that were used in the operation of these controls. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 2 AS 1105 10 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The firm used certain loan data from the legacy systems in its testing of the ACL but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 3 AS 2201 42 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to certain types of loans. The firm did not evaluate the criteria the control owners used to select loans for review. (AS 2201.42) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 4 AS 2201 42 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the ACL including an assessment of this qualitative factor for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of this qualitative factor. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 4 AS 2201 44 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the ACL including an assessment of this qualitative factor for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of this qualitative factor. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 5 AS 2201 39 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the ACL including an assessment of this qualitative factor for reasonableness. The firm did not identify and test any controls over the accuracy and/or completeness of the appraisal and external data used to develop this factor. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A1 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A10 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A2 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A3 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A4 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A5 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A6 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A7 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A8 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A9 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1201 C6 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1201 C7 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 2501 16 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 7 AS 1105 10 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm used the appraisal and external data in its substantive testing of the qualitative component of the ACL but did not perform any procedures to test or test any controls over the accuracy and/or completeness of these data. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 8 AS 2201 42 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer used a manually prepared spreadsheet to compare the fair values recorded for its available-for-sale and held-to-maturity securities to prices obtained from various sources. The firm selected for testing controls over the review of this spreadsheet but when evaluating the design of these controls did not identify that the control owner did not perform any procedures that addressed whether the pricing information that was included in the spreadsheet was accurate and complete. (AS 2201.42) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 9 AS 2201 39 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer disclosed the size categories and maturity date of certain of its deposit liabilities. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of these disclosures but did not identify and test any controls over the accuracy and completeness of the information from the issuer's legacy systems that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 10 AS 1105 10 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer disclosed the size categories and maturity date of certain of its deposit liabilities. The following deficiencies were identified: · The firm used this information in its substantive testing of these disclosures but did not perform any procedures to test or test controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2101 11 The issuer reported loans receivable at two business units. The firm excluded from the scope of its audits the ACL related to one of these business units but did not evaluate whether the risks of material misstatement that the firm associated with the ACL subject to audit procedures also applied to the excluded ACL. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2101 12 The issuer reported loans receivable at two business units. The firm excluded from the scope of its audits the ACL related to one of these business units but did not evaluate whether the risks of material misstatement that the firm associated with the ACL subject to audit procedures also applied to the excluded ACL. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 B10 The issuer reported loans receivable at two business units. The firm excluded from the scope of its audits the ACL related to one of these business units but did not evaluate whether the risks of material misstatement that the firm associated with the ACL subject to audit procedures also applied to the excluded ACL. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 39 With respect to the ACL subject to audit procedures: · The firm identified and tested controls that consisted of the issuer's review of the quantitative component of the ACL but did not identify and test any controls over certain inputs the control owners used in the operation of those controls. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 39 With respect to the ACL subject to audit procedures: · The firm did not identify and test any controls over the qualitative component of the ACL. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2501 16 With respect to the ACL subject to audit procedures: · The firm's approach for substantively testing the ACL was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions the issuer used to develop the quantitative component and any significant assumptions the issuer used to develop the qualitative component. (AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2810 30 During the year the issuer sold certain loans receivable to external parties. The firm did not identify and evaluate that the issuer's accounting for and presentation and disclosure of the gain on the sale of these loans was not in conformity with FASB ASC Topic 310 Receivables and FASB ASC Subtopic 860-20 Transfers and Servicing – Sales of Financial Assets. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting and presentation of this sale of loans receivable and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer adjusted this accounting and presentation in a subsequent filing. Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2810 31 During the year the issuer sold certain loans receivable to external parties. The firm did not identify and evaluate that the issuer's accounting for and presentation and disclosure of the gain on the sale of these loans was not in conformity with FASB ASC Topic 310 Receivables and FASB ASC Subtopic 860-20 Transfers and Servicing – Sales of Financial Assets. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting and presentation of this sale of loans receivable and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer adjusted this accounting and presentation in a subsequent filing. Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2201 42 The issuer recorded certain investment securities at fair value based on cash-flow models and classified these securities as held-to-maturity (HTM). The following deficiencies were identified: · The firm selected for testing controls over the valuation of these securities including the issuer's review of its cash-flow models. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the values determined by these models. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2201 44 The issuer recorded certain investment securities at fair value based on cash-flow models and classified these securities as held-to-maturity (HTM). The following deficiencies were identified: · The firm selected for testing controls over the valuation of these securities including the issuer's review of its cash-flow models. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the values determined by these models. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2501 7 The issuer recorded certain investment securities at fair value based on cash-flow models and classified these securities as held-to-maturity (HTM). The following deficiencies were identified: · The firm did not perform any substantive procedures to test the valuation of these securities. (AS 2501.07) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 8 AS 2201 39 The issuer recorded certain investment securities at fair value based on cash-flow models and classified these securities as held-to-maturity (HTM). The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the issuer's classification of these securities as HTM was appropriate. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 9 AS 2301 8 The issuer recorded certain investment securities at fair value based on cash-flow models and classified these securities as held-to-maturity (HTM). The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the issuer's classification of these securities as HTM was appropriate. (AS 2301.08) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not evaluate the specific review procedures the control owner performed to determine whether user access to the production environment that had been previously granted continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not evaluate the specific review procedures the control owner performed to determine whether user access to the production environment that had been previously granted continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not evaluate the specific review procedures the control owner performed to determine whether user access to the production environment that had been previously granted continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not evaluate the specific review procedures the control owner performed to determine whether user access to the production environment that had been previously granted continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · To test certain other change management controls the firm selected changes from the issuer's change management tool but did not test or test any controls over the completeness of the population of changes from which it selected its samples for testing. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · To test certain other change management controls the firm selected changes from the issuer's change management tool but did not test or test any controls over the completeness of the population of changes from which it selected its samples for testing. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not evaluate the specific review procedures the control owner performed to determine whether access was appropriately granted for the instances selected for testing. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not evaluate the specific review procedures the control owner performed to determine whether access was appropriately granted for the instances selected for testing. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not evaluate the specific review procedures the control owner performed to determine whether access was appropriately granted for the instances selected for testing. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not evaluate the specific review procedures the control owner performed to determine whether access was appropriately granted for the instances selected for testing. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test certain revenue and deferred revenue because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test certain revenue and deferred revenue because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2305 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test certain revenue and deferred revenue because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2305 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test certain revenue and deferred revenue because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The firm did not identify and test any controls over the reliability of the information provided by the external party. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 At certain other business units the following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the performance obligations had been satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 At certain other business units the following deficiencies were identified: · The firm did not perform substantive procedures beyond observing the issuer's processing of one revenue transaction to evaluate whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 39 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to determine the fair value of the acquired oil and gas properties based on discounted cash flows that they developed using various assumptions including future production volumes. The company's specialists used historical production data produced by the acquired business and certain other non-financial assumptions developed by the company's specialists to develop the future production volumes. The following deficiencies were identified: · The firm did not identify and test any controls over the reliability of the historical production data used by the company's specialists. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2201 42 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to determine the fair value of the acquired oil and gas properties based on discounted cash flows that they developed using various assumptions including future production volumes. The company's specialists used historical production data produced by the acquired business and certain other non-financial assumptions developed by the company's specialists to develop the future production volumes. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the future production volumes assumption but did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant non-financial assumptions that were developed and used by the company's specialists. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2201 44 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to determine the fair value of the acquired oil and gas properties based on discounted cash flows that they developed using various assumptions including future production volumes. The company's specialists used historical production data produced by the acquired business and certain other non-financial assumptions developed by the company's specialists to develop the future production volumes. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the future production volumes assumption but did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant non-financial assumptions that were developed and used by the company's specialists. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 1105 A8a During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to determine the fair value of the acquired oil and gas properties based on discounted cash flows that they developed using various assumptions including future production volumes. The company's specialists used historical production data produced by the acquired business and certain other non-financial assumptions developed by the company's specialists to develop the future production volumes. The following deficiencies were identified: · The firm did not evaluate the reliability of the historical production data used by the company's specialists. (AS 1105.A8a) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 4 AS 1105 A8b During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to determine the fair value of the acquired oil and gas properties based on discounted cash flows that they developed using various assumptions including future production volumes. The company's specialists used historical production data produced by the acquired business and certain other non-financial assumptions developed by the company's specialists to develop the future production volumes. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant non-financial assumptions that were developed and used by the company's specialists beyond comparing the assumptions for the first year of the discounted cash flows for a selection of acquired properties to the historical production data of the acquired business and the issuer's other properties. (AS 1105.A8b) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 42 The issuer's policy was to group its property plant and equipment as a single asset group when evaluating its long-lived assets for possible impairment because the cash flows were interdependent. The following deficiencies were identified: · The firm selected for testing a control over the impairment of property plant and equipment which included the determination of its asset grouping. The firm did not evaluate the specific review procedures that the control owner performed to assess whether the issuer's use of a single asset group was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The issuer's policy was to group its property plant and equipment as a single asset group when evaluating its long-lived assets for possible impairment because the cash flows were interdependent. The following deficiencies were identified: · The firm selected for testing a control over the impairment of property plant and equipment which included the determination of its asset grouping. The firm did not evaluate the specific review procedures that the control owner performed to assess whether the issuer's use of a single asset group was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 The issuer's policy was to group its property plant and equipment as a single asset group when evaluating its long-lived assets for possible impairment because the cash flows were interdependent. The following deficiencies were identified: · The firm did not perform substantive procedures beyond reading an issuer-prepared memorandum to evaluate whether the issuer's use of a single asset group was in conformity with FASB ASC Topic 360. (AS 2301.08) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 39 The issuer held investments in multiple unconsolidated entities including certain entities that were managed by the issuer. The following deficiencies were identified: · The firm selected for testing a control over the issuer's disclosure of these investments. The firm did not identify and test any controls over the accuracy and completeness of an issuer-prepared schedule that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2201 39 The issuer held investments in multiple unconsolidated entities including certain entities that were managed by the issuer. The following deficiencies were identified: · The firm selected for testing a control over the valuation of the investments in unconsolidated entities managed by the issuer. The firm did not identify and test any controls over the accuracy and completeness of the unconsolidated entities' financial statements that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 1105 10 The issuer held investments in multiple unconsolidated entities including certain entities that were managed by the issuer. The following deficiencies were identified: · The firm used the unconsolidated entities' financial statements and the issuer-prepared schedule in its substantive testing of these investments but did not perform any procedures to test or test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer recognized certain revenue over time from contracts for which it had an enforceable right to payment for inventory that did not have an alternative use to the issuer. The issuer's IT system for this revenue was configured to recognize revenue upon shipment and the issuer recorded manual adjustments to recognize revenue at period end based on the progress it made to manufacture goods in inventory that had not been shipped. The firm selected for testing 1) an automated control that included the designation of sales orders in the system as “on hold” until the issuer completed a review of each sales order prior to shipment and 2) the control related to the issuer's review of each sales order with the “on hold” designation in the system to ensure it was associated with a valid contract. The following deficiencies were identified: · For the automated control the firm did not test the aspect that addressed whether all types of sales orders received this “on hold” designation. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer recognized certain revenue over time from contracts for which it had an enforceable right to payment for inventory that did not have an alternative use to the issuer. The issuer's IT system for this revenue was configured to recognize revenue upon shipment and the issuer recorded manual adjustments to recognize revenue at period end based on the progress it made to manufacture goods in inventory that had not been shipped. The firm selected for testing 1) an automated control that included the designation of sales orders in the system as “on hold” until the issuer completed a review of each sales order prior to shipment and 2) the control related to the issuer's review of each sales order with the “on hold” designation in the system to ensure it was associated with a valid contract. The following deficiencies were identified: · For the automated control the firm did not test the aspect that addressed whether all types of sales orders received this “on hold” designation. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer recognized certain revenue over time from contracts for which it had an enforceable right to payment for inventory that did not have an alternative use to the issuer. The issuer's IT system for this revenue was configured to recognize revenue upon shipment and the issuer recorded manual adjustments to recognize revenue at period end based on the progress it made to manufacture goods in inventory that had not been shipped. The firm selected for testing 1) an automated control that included the designation of sales orders in the system as “on hold” until the issuer completed a review of each sales order prior to shipment and 2) the control related to the issuer's review of each sales order with the “on hold” designation in the system to ensure it was associated with a valid contract. The following deficiencies were identified: · For the sales order review control the firm did not perform sufficient procedures to test the completeness of the population of items from which it selected its samples because it did not perform any procedures over the completeness of the population of sales orders associated with goods in inventory that the issuer had begun to manufacture. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 62 The issuer recognized certain revenue over time from contracts for which it had an enforceable right to payment for inventory that did not have an alternative use to the issuer. The issuer's IT system for this revenue was configured to recognize revenue upon shipment and the issuer recorded manual adjustments to recognize revenue at period end based on the progress it made to manufacture goods in inventory that had not been shipped. The firm selected for testing 1) an automated control that included the designation of sales orders in the system as “on hold” until the issuer completed a review of each sales order prior to shipment and 2) the control related to the issuer's review of each sales order with the “on hold” designation in the system to ensure it was associated with a valid contract. The following deficiencies were identified: · The firm identified a control deficiency related to the lack of a requirement for the sales order review control to be performed before the issuer began to manufacture the inventory. In determining whether the deficiency represented a material weakness the firm did not sufficiently evaluate the severity of this deficiency because (1) its procedures to evaluate the magnitude of the potential misstatement were limited to determining the total inventory amount that would represent a material misstatement and (2) the firm did not perform procedures to evaluate whether there was a reasonable possibility that the issuer's controls would fail to prevent or detect a misstatement beyond concluding that the possibility of that type of misstatement would be remote without performing procedures to support that conclusion. (AS 2201.62) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Goodwill 1 AS 2201 42 The issuer engaged a specialist to assist it in determining the fair value of its reporting units. The firm selected for testing controls that consisted of the issuer's determination of an expected range of reasonable outcomes for certain assumptions and comparison of those expected ranges to the assumptions determined by the company specialist. The firm did not evaluate beyond inquiry the procedures the control owner performed to determine the expected ranges. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Goodwill 1 AS 2201 44 The issuer engaged a specialist to assist it in determining the fair value of its reporting units. The firm selected for testing controls that consisted of the issuer's determination of an expected range of reasonable outcomes for certain assumptions and comparison of those expected ranges to the assumptions determined by the company specialist. The firm did not evaluate beyond inquiry the procedures the control owner performed to determine the expected ranges. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Statement of Cash Flows 2 AS 2201 42 The firm selected for testing the issuer's control over the configuration of a system-generated report used in the preparation of its statement of cash flows. The firm did not evaluate the specific review procedures that the control owners performed to assess the configuration of this report. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Statement of Cash Flows 2 AS 2201 44 The firm selected for testing the issuer's control over the configuration of a system-generated report used in the preparation of its statement of cash flows. The firm did not evaluate the specific review procedures that the control owners performed to assess the configuration of this report. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm selected for testing controls that consisted of the issuer's review of the ACL including a committee's reviews of certain assumptions used to estimate the qualitative component. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm selected for testing controls that consisted of the issuer's review of the ACL including a committee's reviews of certain assumptions used to estimate the qualitative component. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The firm selected for testing controls that consisted of the issuer's validation of the models it used to estimate the quantitative component of the ACL for loans and leases collectively evaluated for impairment. The issuer's validation included a comparison of the modeled results to the actual results that identified two types of errors and by design assessed one of these types of errors. In evaluating the design of these controls the firm did not evaluate the effect of the issuer not assessing one type of error on the controls' ability to effectively prevent or detect a material misstatement. (AS 2201.42) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 The issuer recognized certain revenue based in part on transaction data provided by an external service provider. The firm did not identify and test any controls that addressed the reliability of the majority of these data. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Income Taxes 1 AS 2301 8 The firm did not perform any procedures to determine whether the issuer's presentation of a certain tax receivable as a current asset was appropriate. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on an expected cost plus a margin approach that involved significant assumptions. The following deficiencies were identified: · The firm did not perform procedures beyond reading an issuer-prepared analysis to assess whether the services promised in the issuer's contracts were distinct and should have been accounted for as separate performance obligations. (AS 2301.08 and .13) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K disclosing that its previously issued financial statements should no longer be relied upon and that it plans on restating its financial statements to correct these misstatements. Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2301 13 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on an expected cost plus a margin approach that involved significant assumptions. The following deficiencies were identified: · The firm did not perform procedures beyond reading an issuer-prepared analysis to assess whether the services promised in the issuer's contracts were distinct and should have been accounted for as separate performance obligations. (AS 2301.08 and .13) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K disclosing that its previously issued financial statements should no longer be relied upon and that it plans on restating its financial statements to correct these misstatements. Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2501 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on an expected cost plus a margin approach that involved significant assumptions. The following deficiencies were identified: · For certain contracts the issuer recognized revenue over time using an output method to measure its progress toward completion of its performance obligations. The firm did not evaluate whether this method was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2501.10) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K disclosing that its previously issued financial statements should no longer be relied upon and that it plans on restating its financial statements to correct these misstatements. Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 3 AS 2501 16 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on an expected cost plus a margin approach that involved significant assumptions. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the expected costs of satisfying the performance obligations and related margins. (AS 2501.16) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K disclosing that its previously issued financial statements should no longer be relied upon and that it plans on restating its financial statements to correct these misstatements. Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 4 The issuer recognized certain revenue based on the issuer's estimate of the number of customers enrolled in plans under which the issuer provided services. The firm did not sufficiently evaluate whether the issuer had a reasonable basis for this significant assumption because it did not evaluate the relevance of certain historical customer data that the issuer adjusted and used to develop this significant assumption. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 6 The issuer recognized certain revenue based on the issuer's estimate of the number of customers enrolled in plans under which the issuer provided services. The firm did not sufficiently evaluate whether the issuer had a reasonable basis for this significant assumption because it did not evaluate the relevance of certain historical customer data that the issuer adjusted and used to develop this significant assumption. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2501 16 The issuer recognized certain revenue based on the issuer's estimate of the number of customers enrolled in plans under which the issuer provided services. The firm did not sufficiently evaluate whether the issuer had a reasonable basis for this significant assumption because it did not evaluate the relevance of certain historical customer data that the issuer adjusted and used to develop this significant assumption. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether certain payments that the issuer recognized as revenue met the criteria for revenue recognition set forth in FASB ASC Topic 606. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2301 8 The firm did not perform any substantive procedures to test certain accounts receivable. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2810 30 The firm did not identify and evaluate various misstatements in the issuer's disclosures related to accounts receivable and other liabilities. (AS 2810.30 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Other Liabilities 4 AS 2810 30 The firm did not identify and evaluate various misstatements in the issuer's disclosures related to accounts receivable and other liabilities. (AS 2810.30 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2810 31 The firm did not identify and evaluate various misstatements in the issuer's disclosures related to accounts receivable and other liabilities. (AS 2810.30 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Other Liabilities 4 AS 2810 31 The firm did not identify and evaluate various misstatements in the issuer's disclosures related to accounts receivable and other liabilities. (AS 2810.30 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 2301 8 The issuer disclosed that it presented its accounts receivable net of certain unpaid costs. The firm did not perform any substantive procedures to evaluate whether this presentation was in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Other Liabilities 5 AS 2301 8 The issuer disclosed that it presented its accounts receivable net of certain unpaid costs. The firm did not perform any substantive procedures to evaluate whether this presentation was in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The firm did not identify and test any controls over the issuer's allowance for credit impairment for certain investment securities. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2501 7 The firm did not perform any substantive procedures to test the allowance for credit impairment for these investment securities. (AS 2501.07) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 39 The firm did not identify and test any controls over the issuer's ACL for certain loans. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 4 AS 2501 7 The firm did not perform any substantive procedures to test the ACL for these loans. (AS 2501.07) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 5 AS 2201 39 The issuer disclosed the estimated fair values for certain loans measured at amortized cost. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of this disclosure but did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules used in the operation of this control. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 6 AS 2501 7 The issuer disclosed the estimated fair values for certain loans measured at amortized cost. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair values of these loans beyond comparing the amounts disclosed to the issuer-prepared schedules discussed above. (AS 2501.07) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of certain contracts under these types of arrangements for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether the contracts contained embedded leases and whether all performance obligations were identified. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of certain contracts under these types of arrangements for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether the contracts contained embedded leases and whether all performance obligations were identified. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not sufficiently evaluate whether certain contracts contained embedded leases because it did not evaluate certain terms that may have met the definition of a lease. (AS 2301.08; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 3 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not sufficiently evaluate whether certain contracts contained embedded leases because it did not evaluate certain terms that may have met the definition of a lease. (AS 2301.08; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not sufficiently evaluate whether all performance obligations were identified for certain contracts because it did not identify that the contracts contained an option that may have represented a material right. (AS 2301.08; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 3 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not sufficiently evaluate whether all performance obligations were identified for certain contracts because it did not identify that the contracts contained an option that may have represented a material right. (AS 2301.08; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's determination of the standalone selling prices. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2501 16 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumptions the issuer used to estimate standalone selling prices. (AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Other Assets 6 AS 2301 8 The firm did not perform substantive procedures to evaluate whether the issuer's capitalization of certain contract costs was in conformity with FASB ASC Topic 340 Other Assets and Deferred Costs beyond for a selection of costs capitalized during the year reading the contracts and comparing the costs to the issuer's subledger. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Other Assets 7 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the period the issuer used to amortize the capitalized contract costs for contracts with multiple performance obligations was in conformity with FASB ASC Topic 340. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 62 The firm identified control deficiencies related to controls over certain revenue contracts at one of the issuer's locations. The firm did not evaluate the severity of these control deficiencies individually or in combination to determine whether they represented a material weakness. (AS 2201.62) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. For certain confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that these balances represented valid receivables as of the confirmation date. (AS 2310.31) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 42 The firm selected for testing a control that included the review of the data the issuer used to estimate the ACL but did not evaluate the specific review procedures that the control owner performed to assess the accuracy and completeness of these data. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 44 The firm selected for testing a control that included the review of the data the issuer used to estimate the ACL but did not evaluate the specific review procedures that the control owner performed to assess the accuracy and completeness of these data. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Business Combination 2 AS 2201 39 During the year the issuer acquired a business. The firm selected for testing a control that consisted of the issuer's review of the valuation of certain assets acquired and liabilities assumed. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report that the control owners used in the operation of this control for certain liabilities assumed. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. In its evaluation of the issuer's revenue recognition for these arrangements the firm did not evaluate beyond reading certain issuer-prepared memorandums (1) whether the issuer identified all performance obligations in its customer contracts and (2) certain contractual terms and conditions that could affect the issuer's revenue recognition. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Financial Reporting 1 AS 2301 8 The issuer disclosed various material weaknesses including deficiencies related to segregation of duties. In understanding the issuer's financial reporting process the firm identified that the general ledger system allowed individuals to both post and approve journal entries and to edit journal entries after they have been approved. The firm did not perform any substantive procedures to address these risks related to inappropriate segregation of duties. (AS 2301.08; AS 2401.61) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Financial Reporting 1 AS 2401 61 The issuer disclosed various material weaknesses including deficiencies related to segregation of duties. In understanding the issuer's financial reporting process the firm identified that the general ledger system allowed individuals to both post and approve journal entries and to edit journal entries after they have been approved. The firm did not perform any substantive procedures to address these risks related to inappropriate segregation of duties. (AS 2301.08; AS 2401.61) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with a single deficiency Going Concern 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of its evaluation of its ability to continue as a going concern. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain significant assumptions the issuer used to develop the forecasted cash flows used in its evaluation. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with a single deficiency Going Concern 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of its evaluation of its ability to continue as a going concern. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain significant assumptions the issuer used to develop the forecasted cash flows used in its evaluation. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A J No ICFR audit only Audits with a single deficiency Journal Entries 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review and approval of manual journal entries prior to posting them to the general ledger. In evaluating the design of this control the firm did not identify that the general ledger system allowed the control owners to modify journal entries prior to posting. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated and IT-dependent manual controls that used data generated by this IT system. As a result of the following audit deficiencies the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) In connection with our review the issuer reevaluated its controls over this revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 68 The issuer used an information-technology (IT) system to initiate transactions related to certain revenue. The firm identified a control deficiency related to change management for this IT system. The following audit deficiencies were identified: · The firm identified and tested a compensating control that it believed mitigated this deficiency but did not identify that the control owner used information in the performance of this control that was produced by this IT system. (AS 2201.68) In connection with our review the issuer reevaluated its controls over this revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2201 62 The issuer used an information-technology (IT) system to initiate transactions related to certain revenue. The firm identified a control deficiency related to change management for this IT system. The following audit deficiencies were identified: · The firm did not sufficiently evaluate the severity of the control deficiency because it did not accurately calculate the magnitude of the potential misstatement resulting from this deficiency. (AS 2201.62) In connection with our review the issuer reevaluated its controls over this revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 2201 39 For this revenue the following additional deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain information used to record revenue. (AS 2201.39) In connection with our review the issuer reevaluated its controls over this revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 5 AS 2301 8 For this revenue the following additional deficiencies were identified: · The firm's substantive procedures to test revenue included testing a sample of transactions. The firm did not perform any procedures to test whether performance obligations were satisfied before revenue was recognized. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 6 AS 1105 10 For this revenue the following additional deficiencies were identified: · For certain of this revenue the firm did not perform procedures to test or test controls over the accuracy and completeness of certain information used in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 7 AS 2201 42 The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of this assessment and related significant assumptions. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 7 AS 2201 44 The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of this assessment and related significant assumptions. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 8 AS 1105 A8b The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist or by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 8 AS 2501 16 The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist or by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 9 AS 2501 16 The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer because its procedures were limited to evaluating the assumptions for consistency with the issuer's recent experience. Further the firm did not evaluate certain significant differences between these assumptions and the issuer's recent experience. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 16 The firm's substantive procedures to test one type of revenue at one business unit included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 23 The firm's substantive procedures to test one type of revenue at one business unit included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 23A The firm's substantive procedures to test one type of revenue at one business unit included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2101 11 The firm subjected this type of revenue from certain other business units to less extensive audit procedures. In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the specific risks associated with these business units and (3) whether the risks of material misstatement that the firm identified for the business unit subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2101 12 The firm subjected this type of revenue from certain other business units to less extensive audit procedures. In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the specific risks associated with these business units and (3) whether the risks of material misstatement that the firm identified for the business unit subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2305 13 For another business unit the issuer contracted with an external party to manufacture and sell products on behalf of the issuer and recognized the associated revenue based on information it obtained from this external party. The following deficiencies were identified: · The firm's procedures to test the completeness of this revenue consisted of performing substantive analytical procedures. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2305 14 For another business unit the issuer contracted with an external party to manufacture and sell products on behalf of the issuer and recognized the associated revenue based on information it obtained from this external party. The following deficiencies were identified: · The firm's procedures to test the completeness of this revenue consisted of performing substantive analytical procedures. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 4 For another business unit the issuer contracted with an external party to manufacture and sell products on behalf of the issuer and recognized the associated revenue based on information it obtained from this external party. The following deficiencies were identified: · The issuer recognized certain of this revenue based on sales of this product to the external party. The firm obtained and used information from the external party in its substantive testing of this revenue but did not perform procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 6 For another business unit the issuer contracted with an external party to manufacture and sell products on behalf of the issuer and recognized the associated revenue based on information it obtained from this external party. The following deficiencies were identified: · The issuer recognized certain of this revenue based on sales of this product to the external party. The firm obtained and used information from the external party in its substantive testing of this revenue but did not perform procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 For another business unit the issuer contracted with an external party to manufacture and sell products on behalf of the issuer and recognized the associated revenue based on information it obtained from this external party. The following deficiencies were identified: · The issuer recognized certain of this revenue based on sales of this product to the external party. The firm did not evaluate the terms and conditions included in the issuer's sales contract with the external party. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 6 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to determine the fair values of certain acquired assets. The following deficiencies were identified: · For one of these assets the firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the issuer because it did not perform any procedures to evaluate the reasonableness of a component of this significant assumption. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 7 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to determine the fair values of certain acquired assets. The following deficiencies were identified: · For certain other assets the firm did not perform any procedures to test the accuracy and completeness of issuer-produced information that was used by the specialist to determine their fair values. (AS 1105.A8a) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 8 AS 2810 30 The firm did not identify and evaluate misstatements in certain required disclosures under FASB ASC Topic 470 Debt and FASB ASC Topic 805 Business Combinations related to the accounting for the purchase price allocation. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 8 AS 2810 31 The firm did not identify and evaluate misstatements in certain required disclosures under FASB ASC Topic 470 Debt and FASB ASC Topic 805 Business Combinations related to the accounting for the purchase price allocation. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Statement of Cash Flows 9 AS 1105 10 The firm used an issuer-prepared schedule in its substantive testing of the issuer's statement of cash flows but did not perform any procedures to test or test controls over the accuracy and completeness of certain information included in this schedule. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 10 AS 2401 61 For certain of the issuer's business units the firm did not perform any procedures to identify and select journal entries and other adjustments for testing without having an appropriate basis for excluding those business units. (AS 2401.61) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 39 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using various risk-weighted qualitative factors. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of these qualitative factors using an internally developed framework comprised of various assumptions. The firm did not identify and test any controls that addressed the (1) reasonableness of the assumptions from the framework that were used in the operation of this control (2) reasonableness of the risk weights assigned to the qualitative factors and (3) the accuracy of certain loan information used in the operation of the issuer's controls over the ACL that the firm selected for testing. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2501 16 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using various risk-weighted qualitative factors. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative reserve component of the ACL was to test the issuer's process. The firm did not perform any procedures to evaluate whether the issuer had a reasonable basis for the qualitative factors used in developing the reserve. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 42 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the loan risk ratings assigned to certain loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the loan risk ratings. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 44 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the loan risk ratings assigned to certain loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the loan risk ratings. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 42 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the loan risk ratings assigned to certain loans. The firm did not assess whether the issuer's review was designed to occur with sufficient scope and frequency to address the risks of material misstatement. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 39 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's comparison of loan risk ratings determined by an external loan reviewer to loan risk ratings determined by the issuer. The firm did not identify and test any controls that addressed the reasonableness of the loan risk ratings determined by the external loan reviewer. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 6 AS 2301 16 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The sample size that the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 6 AS 2301 18 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The sample size that the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 6 AS 2301 37 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The sample size that the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 7 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing controls that included the issuer's review of the valuation of acquired loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) reasonableness of the assumptions the issuer used to develop the fair value of these loans and (2) accuracy and completeness of certain data used in the operation of these controls. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 7 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing controls that included the issuer's review of the valuation of acquired loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) reasonableness of the assumptions the issuer used to develop the fair value of these loans and (2) accuracy and completeness of certain data used in the operation of these controls. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 42 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment and the firm selected for testing a control that consisted of the issuer's review of this assessment and related significant assumptions. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain significant assumptions used in the assessment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 44 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment and the firm selected for testing a control that consisted of the issuer's review of this assessment and related significant assumptions. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain significant assumptions used in the assessment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2201 39 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment and the firm selected for testing a control that consisted of the issuer's review of this assessment and related significant assumptions. The firm did not identify and test any controls over the review of the forecasted financial information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2501 16 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · In testing the issuer's process the firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 1105 A8b The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · In testing the issuer's process the firm did not perform sufficient procedures to evaluate the reasonableness of another significant assumption developed by the company's specialist because its procedures were limited to evaluating this assumption for consistency with historical experience without taking into account changes in conditions and events affecting the issuer. (AS 1105.A8b) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 1105 A10 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · The firm did not sufficiently evaluate the relevance and reliability of the company's specialist's work because it did not identify and evaluate inconsistencies between another significant assumption developed by the company's specialist and (1) the auditor-employed specialist's independent expectation of this assumption and (2) management's analysis of this assumption. (AS 1105.A9 and .A10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 1105 A9 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · The firm did not sufficiently evaluate the relevance and reliability of the company's specialist's work because it did not identify and evaluate inconsistencies between another significant assumption developed by the company's specialist and (1) the auditor-employed specialist's independent expectation of this assumption and (2) management's analysis of this assumption. (AS 1105.A9 and .A10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 1201 C6 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · In developing an independent expectation the firm used another significant assumption. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for its selection of this significant assumption from a range of potential assumptions. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 1201 C7 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · In developing an independent expectation the firm used another significant assumption. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for its selection of this significant assumption from a range of potential assumptions. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 2501 22 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · In developing an independent expectation the firm used another significant assumption. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for its selection of this significant assumption from a range of potential assumptions. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 7 AS 2201 42 The issuer recorded the fair value of certain of its available-for-sale (AFS) securities based on prices it obtained from an external pricing service. The firm selected for testing a control that consisted of the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the issuer's investigation of price variances that exceeded certain thresholds. The firm did not evaluate the specific review procedures that the control owner performed to (1) assess whether the prices the issuer used in this comparison were derived from independent sources and (2) investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 7 AS 2201 44 The issuer recorded the fair value of certain of its available-for-sale (AFS) securities based on prices it obtained from an external pricing service. The firm selected for testing a control that consisted of the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the issuer's investigation of price variances that exceeded certain thresholds. The firm did not evaluate the specific review procedures that the control owner performed to (1) assess whether the prices the issuer used in this comparison were derived from independent sources and (2) investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 8 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of certain AFS securities for potential impairment. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 1201 C6 The firm's approach for substantively testing the fair values of certain of the issuer's held-to-maturity securities was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently test the fair value of these investments because it did not identify that the auditor-employed specialist did not perform procedures to evaluate whether the issuer had a reasonable basis for certain significant assumptions it used. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 1201 C7 The firm's approach for substantively testing the fair values of certain of the issuer's held-to-maturity securities was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently test the fair value of these investments because it did not identify that the auditor-employed specialist did not perform procedures to evaluate whether the issuer had a reasonable basis for certain significant assumptions it used. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 2501 16 The firm's approach for substantively testing the fair values of certain of the issuer's held-to-maturity securities was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently test the fair value of these investments because it did not identify that the auditor-employed specialist did not perform procedures to evaluate whether the issuer had a reasonable basis for certain significant assumptions it used. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Other Investments 1 AS 1105 A8b The issuer engaged a specialist to determine the fair values for its investments in certain entities. The firm's approach for substantively testing these fair value measurements was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist because the auditor-employed specialist did not take into account inconsistencies between these assumptions and other significant assumptions developed by the issuer. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Other Investments 1 AS 1201 C6 The issuer engaged a specialist to determine the fair values for its investments in certain entities. The firm's approach for substantively testing these fair value measurements was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist because the auditor-employed specialist did not take into account inconsistencies between these assumptions and other significant assumptions developed by the issuer. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Other Investments 1 AS 1201 C7 The issuer engaged a specialist to determine the fair values for its investments in certain entities. The firm's approach for substantively testing these fair value measurements was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist because the auditor-employed specialist did not take into account inconsistencies between these assumptions and other significant assumptions developed by the issuer. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Other Investments 2 AS 2501 16 The issuer engaged a specialist to determine the fair values for its investments in certain entities. The firm's approach for substantively testing these fair value measurements was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the issuer because it did not perform any procedures to evaluate the reasonableness of certain components of these assumptions. Further for certain of these significant assumptions the firm did not evaluate significant differences between these assumptions and the issuer's recent experience. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2501 16 The firm's substantive procedures to test the issuer's disclosure related to remaining performance obligations included selecting a sample of contracts for testing. For certain of these contracts the firm did not perform procedures to evaluate the reasonableness of a significant assumption used by the issuer to develop this disclosure. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2301 8 The issuer performed an assessment of certain of its long-lived assets for possible impairment at year end and concluded that the carrying value of these assets was recoverable. The firm did not identify that the issuer did not consider an indicator of possible impairment in its assessment of the recoverability of these assets. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used an IT system to record transactions related to revenue. The firm did not identify and test any controls that addressed the risk that users with the ability to develop changes also had the ability to implement those changes. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 46 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used an IT system to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used a report generated from this system. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of this IT-dependent manual control was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. For certain revenue the following additional deficiencies were identified: · For one type of revenue the firm did not perform substantive procedures to test whether performance obligations had been satisfied before revenue was recognized beyond comparisons to customer payments and/or issuer-produced information. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. For certain revenue the following additional deficiencies were identified: · For one type of revenue the firm did not perform substantive procedures to test whether performance obligations had been satisfied before revenue was recognized beyond comparisons to customer payments and/or issuer-produced information. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. For certain revenue the following additional deficiencies were identified: · For another type of revenue the firm's substantive procedures consisted of selecting a sample of transactions for testing. For certain transactions the firm did not perform procedures to test or test controls over the accuracy of certain issuer-produced information that the firm used in its testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm selected for testing a control that consisted of the issuer's review of the valuation of deferred tax assets. The firm did not identify and test any controls over the review of forecasted financial information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 1 AS 1201 C6 During the year the issuer entered into agreements resulting in the issuance of convertible notes and an option for the creditor to purchase additional convertible notes; the issuer accounted for this option as a liability. Certain of these notes were subsequently converted to equity. The following deficiencies were identified: · The firm's approach for substantively testing the fair values of the convertible notes and related purchase option at issuance and year end was to develop independent expectations of the estimates using the work of an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a component of a significant assumption it developed and used in each independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 1 AS 1201 C7 During the year the issuer entered into agreements resulting in the issuance of convertible notes and an option for the creditor to purchase additional convertible notes; the issuer accounted for this option as a liability. Certain of these notes were subsequently converted to equity. The following deficiencies were identified: · The firm's approach for substantively testing the fair values of the convertible notes and related purchase option at issuance and year end was to develop independent expectations of the estimates using the work of an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a component of a significant assumption it developed and used in each independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 1 AS 2501 22 During the year the issuer entered into agreements resulting in the issuance of convertible notes and an option for the creditor to purchase additional convertible notes; the issuer accounted for this option as a liability. Certain of these notes were subsequently converted to equity. The following deficiencies were identified: · The firm's approach for substantively testing the fair values of the convertible notes and related purchase option at issuance and year end was to develop independent expectations of the estimates using the work of an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a component of a significant assumption it developed and used in each independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 2 AS 2501 10 During the year the issuer entered into agreements resulting in the issuance of convertible notes and an option for the creditor to purchase additional convertible notes; the issuer accounted for this option as a liability. Certain of these notes were subsequently converted to equity. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of the converted notes was to test the issuer's process. The firm did not evaluate whether the method used by the issuer to measure the fair value was in conformity with the requirements of FASB ASC Topic 820 Fair Value Measurement. (AS 2501.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Intangible Assets 3 AS 2501 7 During the year events or changes in circumstances existed indicating that the carrying value of certain of the issuer's intangible assets may not be recoverable and the issuer performed assessments of these assets for possible impairment. The following deficiencies were identified: · For one asset group the firm did not perform any substantive procedures to test the issuer's impairment assessment. (AS 2501.07) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2501 21 During the year events or changes in circumstances existed indicating that the carrying value of certain of the issuer's intangible assets may not be recoverable and the issuer performed assessments of these assets for possible impairment. The following deficiencies were identified: · For another asset group the firm's substantive procedures to test the issuer's impairment assessment consisted of developing an independent expectation of the undiscounted cash flows used to assess the asset group for recoverability. In developing its expectation the firm did not perform procedures to demonstrate it had a reasonable basis for the undiscounted cash flow period it used including taking into account certain requirements of FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.21 and .22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2501 22 During the year events or changes in circumstances existed indicating that the carrying value of certain of the issuer's intangible assets may not be recoverable and the issuer performed assessments of these assets for possible impairment. The following deficiencies were identified: · For another asset group the firm's substantive procedures to test the issuer's impairment assessment consisted of developing an independent expectation of the undiscounted cash flows used to assess the asset group for recoverability. In developing its expectation the firm did not perform procedures to demonstrate it had a reasonable basis for the undiscounted cash flow period it used including taking into account certain requirements of FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.21 and .22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used a service organization to host and maintain an IT system that the issuer used to initiate process and record transactions related to revenue and inventory. In its testing of controls over these accounts the firm tested certain automated and/or IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the following deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used a service organization to host and maintain an IT system that the issuer used to initiate process and record transactions related to revenue and inventory. In its testing of controls over these accounts the firm tested certain automated and/or IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the following deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 With respect to this service organization the firm obtained a service auditor's report and identified a complementary user control related to change management that the service auditor's report described as necessary. The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented this control. (AS 2201.39 and .B22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 With respect to this service organization the firm obtained a service auditor's report and identified a complementary user control related to change management that the service auditor's report described as necessary. The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented this control. (AS 2201.39 and .B22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 B22 With respect to this service organization the firm obtained a service auditor's report and identified a complementary user control related to change management that the service auditor's report described as necessary. The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented this control. (AS 2201.39 and .B22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 B22 With respect to this service organization the firm obtained a service auditor's report and identified a complementary user control related to change management that the service auditor's report described as necessary. The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented this control. (AS 2201.39 and .B22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The firm did not perform procedures to test or sufficiently test controls over the completeness of certain reports that the firm used in its substantive testing of revenue. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used two IT systems to initiate process and record transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 With respect to change management the firm selected for testing a control over the issuer's review of changes to the production environments for these IT systems. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 With respect to change management the firm selected for testing a control over the issuer's review of changes to the production environments for these IT systems. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 With respect to change management the firm selected for testing a control over the issuer's review of changes to the production environments for these IT systems. The firm did not identify that this control was not designed to address the risk that unauthorized changes were made to these systems as certain users with the ability to develop and implement changes also had administrative access to the monitoring tools used in the operation of this control. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · For certain of this revenue the firm did not perform procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data and reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 1 AS 1105 4 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The auditor-employed specialist used data from external sources to develop certain significant assumptions for its independent expectations. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the relevance of these data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 1 AS 1105 6 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The auditor-employed specialist used data from external sources to develop certain significant assumptions for its independent expectations. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the relevance of these data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 1 AS 1201 C6 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The auditor-employed specialist used data from external sources to develop certain significant assumptions for its independent expectations. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the relevance of these data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 1 AS 1201 C7 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The auditor-employed specialist used data from external sources to develop certain significant assumptions for its independent expectations. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the relevance of these data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 2 AS 1201 C6 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform any procedures to demonstrate it had a reasonable basis for certain other significant assumptions used for its independent expectations. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 2 AS 1201 C7 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform any procedures to demonstrate it had a reasonable basis for certain other significant assumptions used for its independent expectations. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 2 AS 2501 22 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform any procedures to demonstrate it had a reasonable basis for certain other significant assumptions used for its independent expectations. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 39 The issuer performed an assessment of goodwill for possible impairment using various significant assumptions. The following deficiencies were identified: · The firm did not identify and test any controls over the reasonableness of the significant assumptions used in the impairment assessment. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2501 16 The issuer performed an assessment of goodwill for possible impairment using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions used in the impairment assessment because its procedures were limited to performing sensitivity analyses. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reviews of its assessment of long-lived assets for possible impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the qualitative factors used to determine whether indicators of possible impairment existed. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reviews of its assessment of long-lived assets for possible impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the qualitative factors used to determine whether indicators of possible impairment existed. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2501 16 The firm's approach for substantively testing one component of the issuer's reserve for excess and obsolete inventory was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of a significant assumption the issuer used because the firm did not (1) take into account the issuer's ability to carry out this assumption (2) take into account changes in conditions and events affecting the issuer and (3) evaluate significant differences between this assumption and the issuer's historical experience. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2501 17 The firm's approach for substantively testing one component of the issuer's reserve for excess and obsolete inventory was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of a significant assumption the issuer used because the firm did not (1) take into account the issuer's ability to carry out this assumption (2) take into account changes in conditions and events affecting the issuer and (3) evaluate significant differences between this assumption and the issuer's historical experience. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 10 The firm used a system-generated report in its substantive procedures to test the remainder of the issuer's reserve for excess and obsolete inventory. The firm relied on its testing of the accuracy and completeness of this report that was performed in the prior year. The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of this report because it did not take into account that user access controls over this IT system were ineffective. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. For certain of these selections the firm did not perform sufficient procedures to evaluate whether the customer contracts met the collectability criteria required to recognize revenue under FASB ASC Topic 606 Revenue from Contracts with Customers because these customers did not meet one or more of the issuer's established credit policies and the firm did not evaluate the basis on which the customer or transaction was approved. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2501 16 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete the open contracts the firm selected for testing. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A N No Financial statement audit only Audits with a single deficiency Business Combination Significant Risk 1 AS 2501 16 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using various significant assumptions. The firm's approach for substantively testing the fair values of these assets was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used in the valuation of these assets. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2301 16 The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2301 18 The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2301 37 The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2315 19 The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2315 23 The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2315 23A The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A P No ICFR audit only Audits with a single deficiency Revenue and Related Accounts Fraud Risk 1 AS 2201 44 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm selected for testing a control that included the issuer's review of the (1) revenue calculations (2) accuracy and completeness of certain related information and (3) corresponding journal entries. In its testing of the operating effectiveness of this control the firm did not test these aspects. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A Q Yes Financial statement audit only Audits with a single deficiency Income Taxes 1 AS 1105 10 The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain information produced by the issuer that the firm used in its substantive testing of the income tax provision and a deferred tax asset. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 1105 4 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the relevance and reliability of certain forecasted financial information because it did not evaluate management's ability to sustain revenue from existing customers. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 1105 6 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the relevance and reliability of certain forecasted financial information because it did not evaluate management's ability to sustain revenue from existing customers. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 2415 3 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the relevance and reliability of certain forecasted financial information because it did not evaluate management's ability to sustain revenue from existing customers. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 2415 8 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the relevance and reliability of certain forecasted financial information because it did not evaluate management's ability to sustain revenue from existing customers. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 2415 9 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the relevance and reliability of certain forecasted financial information because it did not evaluate management's ability to sustain revenue from existing customers. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reviews of the estimated standalone selling prices. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant assumptions used to develop the standalone selling prices. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reviews of the estimated standalone selling prices. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant assumptions used to develop the standalone selling prices. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2501 16 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm's approach for substantively testing the estimated standalone selling prices was to test the issuer's process. The firm selected a sample of revenue arrangements for testing but did not perform procedures to evaluate the reasonableness of certain significant assumptions used to develop the standalone selling prices beyond performing a sensitivity analysis for certain revenue arrangements selected for testing. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 During the year the issuer recorded revenue from bill-and-hold arrangements with one of its customers. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the issuer had met certain revenue recognition criteria for these bill-and-hold arrangements. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 During the year the issuer recorded revenue from bill-and-hold arrangements with one of its customers. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate whether the issuer had met certain revenue recognition criteria for these bill-and-hold arrangements beyond reading an issuer-prepared memorandum. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 During the year the issuer recorded revenue from bill-and-hold arrangements with one of its customers. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate whether the issuer had met certain revenue recognition criteria for these bill-and-hold arrangements beyond reading an issuer-prepared memorandum. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2810 30 During the year the issuer recorded revenue from bill-and-hold arrangements with one of its customers. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers related to when performance obligations are satisfied under bill-and-hold arrangements. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2810 31 During the year the issuer recorded revenue from bill-and-hold arrangements with one of its customers. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers related to when performance obligations are satisfied under bill-and-hold arrangements. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 With respect to the issuer's allowance for doubtful accounts the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the allowance for doubtful accounts at one of the issuer's business units. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 With respect to the issuer's allowance for doubtful accounts the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the allowance for doubtful accounts at one of the issuer's business units. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 44 With respect to the issuer's allowance for doubtful accounts the following deficiencies were identified: · The firm's approach for substantively testing the allowance for doubtful accounts at this business unit was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions the issuer used to develop this allowance. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2501 16 With respect to the issuer's allowance for doubtful accounts the following deficiencies were identified: · The firm's approach for substantively testing the allowance for doubtful accounts at this business unit was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions the issuer used to develop this allowance. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2201 39 With respect to revenue and accounts receivable at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm selected for testing an entity-level control that included the issuer's comparison of forecasts by business unit to actual results including revenue. The firm did not identify and test any controls over the forecasts used in the operation of this control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 39 With respect to revenue and accounts receivable at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm selected for testing an entity-level control that included the issuer's comparison of forecasts by business unit to actual results including revenue. The firm did not identify and test any controls over the forecasts used in the operation of this control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 8 With respect to revenue and accounts receivable at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and accounts receivable for these business units. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 8 With respect to revenue and accounts receivable at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and accounts receivable for these business units. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 42 With respect to the issuer's revenue disclosures the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of certain revenue disclosures but did not test the aspect of the control that addressed the accuracy and completeness of the issuer-prepared schedules used to prepare these disclosures. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 44 With respect to the issuer's revenue disclosures the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of certain revenue disclosures but did not test the aspect of the control that addressed the accuracy and completeness of the issuer-prepared schedules used to prepare these disclosures. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 11 AS 1105 10 With respect to the issuer's revenue disclosures the following deficiencies were identified: · The firm used these issuer-prepared schedules in its substantive testing of these revenue disclosures but did not perform any procedures to test or sufficiently test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 12 AS 2201 42 The firm selected for testing two controls that consisted of the issuer's review of the reserve for excess and obsolete inventory at certain business units. For the first control the firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the significant assumptions that the issuer used to develop this reserve. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 12 AS 2201 44 The firm selected for testing two controls that consisted of the issuer's review of the reserve for excess and obsolete inventory at certain business units. For the first control the firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the significant assumptions that the issuer used to develop this reserve. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 13 AS 2201 39 The firm selected for testing two controls that consisted of the issuer's review of the reserve for excess and obsolete inventory at certain business units. For the second control the firm did not identify and test any controls over the accuracy of certain data that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 14 AS 2501 16 The firm's approach for substantively testing the reserve for excess and obsolete inventory at these business units was to test the issuer's process. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop this reserve beyond reading an issuer-prepared memorandum. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 15 AS 1105 10 The firm's approach for substantively testing the reserve for excess and obsolete inventory at these business units was to test the issuer's process. The following deficiencies were identified: · The firm used certain issuer-produced data in its testing of this reserve but did not test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 16 AS 2201 39 Certain of the issuer's inventory was subject to cycle counts and the issuer's cycle-count policy required this inventory to be counted at specific frequencies during the year. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether each inventory item was counted with sufficient frequency in accordance with the issuer's cycle-count policy. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 17 AS 2201 39 Certain of the issuer's inventory was subject to cycle counts and the issuer's cycle-count policy required this inventory to be counted at specific frequencies during the year. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's monitoring of its cycle count results. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 18 AS 2201 39 With respect to the issuer's work-in-process inventory at certain business units that the firm subjected to more extensive audit procedures the following deficiencies were identified: · The firm did not identify and test any controls over the existence of this work-in-process inventory. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 19 AS 2301 8 With respect to the issuer's work-in-process inventory at certain business units that the firm subjected to more extensive audit procedures the following deficiencies were identified: · The firm did not perform any procedures to test the existence of this work-in-process inventory. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 During the year the issuer recognized certain revenue upon its delivery of products to a customer and also delivered additional products to this customer in exchange for the return of products sold to the customer in the previous year. The firm did not identify and evaluate that the issuer's conclusion that certain criteria required to recognize revenue for the products sold to this customer had been met was not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 During the year the issuer recognized certain revenue upon its delivery of products to a customer and also delivered additional products to this customer in exchange for the return of products sold to the customer in the previous year. The firm did not identify and evaluate that the issuer's conclusion that the exchange of products did not represent a product return was not in conformity with FASB ASC Topic 606. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 8 The issuer entered into arrangements to purchase inventory from certain suppliers. The firm did not evaluate whether these arrangements represented firm purchase commitments for which a loss should have been recognized under FASB ASC Topic 330 Inventory. Further the firm did not evaluate whether these arrangements created an unconditional performance obligation that would have required disclosure under FASB ASC Topic 440 Commitments. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 1 AS 2201 46 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to certain revenue and insurance-related liabilities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to certain revenue and insurance-related liabilities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 2 AS 2201 39 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain system change reports that the control owners used in the operation of this control at all three business units. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain system change reports that the control owners used in the operation of this control at all three business units. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 3 AS 2201 42 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · For the control at one of these business units the firm did not evaluate the specific review procedures that the control owner performed to assess whether the system changes were appropriate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · For the control at one of these business units the firm did not evaluate the specific review procedures that the control owner performed to assess whether the system changes were appropriate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 3 AS 2201 44 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · For the control at one of these business units the firm did not evaluate the specific review procedures that the control owner performed to assess whether the system changes were appropriate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · For the control at one of these business units the firm did not evaluate the specific review procedures that the control owner performed to assess whether the system changes were appropriate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 4 AS 1105 10 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm used the system change reports discussed above to select its samples for testing this control at all three business units but did not test or test any controls over the completeness of these reports. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm used the system change reports discussed above to select its samples for testing this control at all three business units but did not test or test any controls over the completeness of these reports. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 5 AS 2201 42 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm performed certain of its testing of this control at all three business units in the issuer's testing environment rather than in its production environment but did not perform any procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm performed certain of its testing of this control at all three business units in the issuer's testing environment rather than in its production environment but did not perform any procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 5 AS 2201 44 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm performed certain of its testing of this control at all three business units in the issuer's testing environment rather than in its production environment but did not perform any procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm performed certain of its testing of this control at all three business units in the issuer's testing environment rather than in its production environment but did not perform any procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2315 19 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 19 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2315 23 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2315 23A As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23A As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 7 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the completeness of certain system-generated data or reports that the firm used in its substantive testing of insurance-related liabilities at one of these business units. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the completeness of certain system-generated data or reports that the firm used in its substantive testing of insurance-related liabilities at one of these business units. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 For revenue at one of the issuer's segments the firm did not identify and test any controls over the accuracy and completeness of certain customer order data that were entered or transferred into the issuer's systems and used to recognize revenue. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 For revenue at one of the issuer's segments the firm did not identify and test any controls over the accuracy and completeness of certain customer order data that were entered or transferred into the issuer's systems and used to recognize revenue. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 16 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 16 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 18 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 18 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 37 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 37 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 19 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 19 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23A The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23A The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 With respect to certain of the issuer's disclosures related to revenue the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its financial statement disclosures. The firm did not identify and test any controls over the accuracy and completeness of certain issuer-prepared schedules related to revenue that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 With respect to certain of the issuer's disclosures related to revenue the following deficiencies were identified: · The firm used these issuer-prepared schedules in its substantive testing of these revenue disclosures but did not perform any procedures to test or test any controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 Certain inventory at one of the issuer's segments was subject to cycle counts and the issuer's cycle-count policy required this inventory to be counted at specific frequencies during the year. The firm did not identify and test any controls that addressed (1) whether each inventory item was counted with sufficient frequency in accordance with the issuer's cycle count policy and (2) the issuer's monitoring of the accuracy of the cycle-count results. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reviews of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the ACL including the significant assumptions used. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reviews of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the ACL including the significant assumptions used. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of certain data that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer recognized certain revenue based on customer contracts that included financing arrangements with the customer. The firm selected for testing a control over this revenue that consisted of the issuer's review and approval of the credit application supporting the customer's ability and intent to pay. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the customer contracts had met the collectability criteria before revenue was recognized. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer recognized certain revenue based on customer contracts that included financing arrangements with the customer. The firm selected for testing a control over this revenue that consisted of the issuer's review and approval of the credit application supporting the customer's ability and intent to pay. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the customer contracts had met the collectability criteria before revenue was recognized. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The firm's substantive procedures to test this revenue consisted of selecting a sample of transactions for testing. The firm did not evaluate whether these transactions had met the collectability criteria before revenue was recognized beyond reviewing the customer's credit application. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2510 14 The issuer held certain inventory at external warehouses. The firm did not perform any procedures to test the existence of this inventory. (AS 2510.14) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 16 The issuer classified inventory as current or noncurrent based on its estimate of when it expected to sell the inventory. The firm's approach for substantively testing this estimate was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop this estimate. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2810 30 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2810 31 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer held inventory at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to more extensive audit procedures. The following deficiencies were identified: · Inventory at one of these business units was subject to cycle counts and the issuer used its IT system to determine the frequency with which the items should be counted during the year by assigning a count designation to each inventory item. The firm did not identify and test any controls that addressed whether (1) the issuer's IT system was configured to assign an appropriate count designation to each inventory item and (2) each inventory item was counted with sufficient frequency in accordance with the designated count frequency. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 68 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer held inventory at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to more extensive audit procedures. The following deficiencies were identified: · For a second of these business units the firm identified control deficiencies related to the issuer's cycle counts performed at certain locations including the lack of monitoring of whether the cycle-count results were sufficiently accurate. The firm identified and tested compensating controls that it believed mitigated these deficiencies but did not identify that these compensating controls did not address the accuracy of the cycle-counts results. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer held inventory at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to more extensive audit procedures. The following deficiencies were identified: · For a third of these business units the firm selected for testing controls over the existence of inventory that included the control owners' use of various system-generated reports in the operation of the controls. The firm did not identify and test any controls that addressed the risk that unauthorized or inappropriate changes could be made to these reports. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For one segment the firm selected for testing controls that consisted of the issuer's reviews of the forecasts that were used in its entity-level controls over this segment including the assumptions used in these forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For one segment the firm selected for testing controls that consisted of the issuer's reviews of the forecasts that were used in its entity-level controls over this segment including the assumptions used in these forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For a second segment the firm selected for testing a control that consisted of the issuer's monthly comparisons of prior-period results to current-period results. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For a second segment the firm selected for testing a control that consisted of the issuer's monthly comparisons of prior-period results to current-period results. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For a third segment the firm selected for testing a control that consisted of the issuer's quarterly comparisons of prior-period results to current-period results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For a third segment the firm selected for testing a control that consisted of the issuer's quarterly comparisons of prior-period results to current-period results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2201 42 The issuer performed quantitative assessments of the possible impairment of its intangible assets at an interim date and at year end using cash-flow forecasts. The firm selected for testing a control that consisted of the issuer's review of these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used in these forecasts. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2201 44 The issuer performed quantitative assessments of the possible impairment of its intangible assets at an interim date and at year end using cash-flow forecasts. The firm selected for testing a control that consisted of the issuer's review of these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used in these forecasts. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 2501 16 The firm's approach for substantively testing the issuer's impairment assessments was to test the issuer's process. The following deficiencies were identified: · For the interim impairment assessment the firm did not sufficiently evaluate the reasonableness of certain significant assumptions because its procedures were limited to inquiring of management and evaluating these assumptions for consistency with the issuer's historical or recent experience. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2501 16 The firm's approach for substantively testing the issuer's impairment assessments was to test the issuer's process. The following deficiencies were identified: · For the year-end impairment assessment the firm did not sufficiently evaluate the reasonableness of certain significant assumptions because it did not evaluate the significant differences between these assumptions and the industry information it had obtained. Further the firm did not perform any procedures to evaluate the reasonableness of certain other significant assumptions. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 1 AS 2201 39 The firm selected for testing various controls over payroll expenses but did not identify and test any controls over the accuracy of certain payroll data including employee headcount and cost-center data that were used in the operation of these controls. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 2 AS 2305 16 The firm's substantive procedures to test payroll expenses included performing substantive analytical procedures. The firm used employee headcount data produced by the issuer to develop its expectations but did not test or test any controls over the accuracy of these data. (AS 2305.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 3 AS 2301 8 The issuer allocated its payroll costs to the various types of expenses it reported based on the cost centers to which its employees were assigned. The firm did not perform any substantive procedures to test whether the issuer's allocation of certain of these payroll costs was appropriate. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Going Concern Significant Risk 1 AS 1105 4 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information that was particularly significant to those plans. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Going Concern Significant Risk 1 AS 1105 6 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information that was particularly significant to those plans. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Going Concern Significant Risk 1 AS 2415 3 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information that was particularly significant to those plans. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Going Concern Significant Risk 1 AS 2415 8 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information that was particularly significant to those plans. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Going Concern Significant Risk 1 AS 2415 9 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information that was particularly significant to those plans. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with a single deficiency Allowance for Credit Losses Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the appropriateness of the ACL but did not test the aspect of the control that addressed the accuracy and completeness of information that was included in an issuer-prepared memorandum that the control owners used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with a single deficiency Allowance for Credit Losses Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the appropriateness of the ACL but did not test the aspect of the control that addressed the accuracy and completeness of information that was included in an issuer-prepared memorandum that the control owners used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A L No Financial statement audit only Audits with a single deficiency Intangible Assets 1 AS 2501 7 The issuer performed a quantitative assessment of the possible impairment of certain intangible assets. The firm did not perform any substantive procedures to test this assessment. (AS 2501.07) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2810 30 During the year the issuer completed numerous nonmonetary exchanges of inventory with various counterparties. The firm did not identify and evaluate the issuer's omission of certain disclosures related to these nonmonetary exchanges that were required under FASB ASC Topic 845 Nonmonetary Transactions. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2810 31 During the year the issuer completed numerous nonmonetary exchanges of inventory with various counterparties. The firm did not identify and evaluate the issuer's omission of certain disclosures related to these nonmonetary exchanges that were required under FASB ASC Topic 845 Nonmonetary Transactions. (AS 2810.30 and .31) Triennially Inspected 317 Freed Maxick CPAs, P.C. 2024 United States 2025-01-30T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2201 39 During the year the issuer acquired a business and engaged an external specialist to determine the fair value of the acquired intangible assets. The firm selected for testing a control that consisted of the issuer's review of the company's specialist report. The firm did not identify and test any controls over the reasonableness of certain assumptions provided by management to the company's specialist and used by the specialist in the determination of the fair value of the acquired intangible assets included in its report. (AS 2201.39) Triennially Inspected 317 Freed Maxick CPAs, P.C. 2024 United States 2025-01-30T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2201 42 The firm selected for testing a control that consisted of the review of journal entries. The firm did not sufficiently test the design and operating effectiveness of this control because its procedures to evaluate whether the control operators reviewing journal entries were different from the individuals preparing journal entries were limited to obtaining from management a listing of individuals who can prepare journal entries without testing the completeness of this listing. (AS 2201.42 and .44) Triennially Inspected 317 Freed Maxick CPAs, P.C. 2024 United States 2025-01-30T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2201 44 The firm selected for testing a control that consisted of the review of journal entries. The firm did not sufficiently test the design and operating effectiveness of this control because its procedures to evaluate whether the control operators reviewing journal entries were different from the individuals preparing journal entries were limited to obtaining from management a listing of individuals who can prepare journal entries without testing the completeness of this listing. (AS 2201.42 and .44) Triennially Inspected 483 HoganTaylor LLP 2024 United States 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2305 17 The firm's substantive procedures to test two types of revenue consisted of performing analytical procedures and testing a sample of transactions. The following deficiency was identified: · With respect to the substantive analytical procedure for the first type of revenue the firm did not develop expectations that were sufficiently precise to identify potential material misstatements because it did not consider factors that significantly affected the amounts being audited. (AS 2305.17) Triennially Inspected 483 HoganTaylor LLP 2024 United States 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 21 The firm's substantive procedures to test two types of revenue consisted of performing analytical procedures and testing a sample of transactions. The following deficiency was identified: · With respect to the substantive analytical procedure for the second type of revenue the firm identified differences in excess of the firm's established threshold but did not evaluate these differences beyond inquiring of management. (AS 2305.21) Triennially Inspected 483 HoganTaylor LLP 2024 United States 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm's substantive procedures to test two types of revenue consisted of performing analytical procedures and testing a sample of transactions. The following deficiency was identified: · The firm selected a sample of transactions to perform its test of details over the first type of revenue. The firm did not perform procedures to test whether the issuer met the performance obligation prior to the recognition of revenue for certain transactions. (AS 2301.08) Triennially Inspected 483 HoganTaylor LLP 2024 United States 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Payable Fraud Risk 4 AS 1105 10 The firm did not perform procedures to test or identify and test controls over the completeness of certain transactions included in a system-generated report that it used in its substantive procedures. (AS 1105.10) Triennially Inspected 483 HoganTaylor LLP 2024 United States 2025-01-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The firm's substantive procedures to test revenue included analytical procedures. The firm developed its expectation for its analytical procedures using recorded amounts of revenue. The firm did not evaluate whether this data was sufficiently relevant and reliable for purposes of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 483 HoganTaylor LLP 2024 United States 2025-01-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The firm's substantive procedures to test revenue included analytical procedures. The firm developed its expectation for its analytical procedures using recorded amounts of revenue. The firm did not evaluate whether this data was sufficiently relevant and reliable for purposes of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 483 HoganTaylor LLP 2024 United States 2025-01-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2305 16 The firm's substantive procedures to test revenue included analytical procedures. The firm developed its expectation for its analytical procedures using recorded amounts of revenue. The firm did not evaluate whether this data was sufficiently relevant and reliable for purposes of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer not accounting for certain redeemable shares outside of permanent equity in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 2 AS 2501 16 During the year the issuer identified indicators of possible impairment for certain of its goodwill and intangible assets and performed a quantitative assessment using a discounted cash flow model to test the associated reporting unit for recoverability. The firm's approach for substantively testing goodwill and intangible assets for impairment was to test the issuer's process used to assess the recoverability of the reporting unit. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the significant assumptions related to revenue growth projections used in the recoverability test including taking into account the issuer's intent and ability to achieve the assumed revenue growth rates beyond inquiry obtaining and reviewing certain customer proposals and performing a sensitivity analysis. (AS 2501.16 and .17) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 2 AS 2501 17 During the year the issuer identified indicators of possible impairment for certain of its goodwill and intangible assets and performed a quantitative assessment using a discounted cash flow model to test the associated reporting unit for recoverability. The firm's approach for substantively testing goodwill and intangible assets for impairment was to test the issuer's process used to assess the recoverability of the reporting unit. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the significant assumptions related to revenue growth projections used in the recoverability test including taking into account the issuer's intent and ability to achieve the assumed revenue growth rates beyond inquiry obtaining and reviewing certain customer proposals and performing a sensitivity analysis. (AS 2501.16 and .17) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 3 AS 2501 16 During the year the issuer identified indicators of possible impairment for certain of its goodwill and intangible assets and performed a quantitative assessment using a discounted cash flow model to test the associated reporting unit for recoverability. The firm's approach for substantively testing goodwill and intangible assets for impairment was to test the issuer's process used to assess the recoverability of the reporting unit. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of a company-specific risk premium included as a part of the significant assumption related to the discount rate used by the issuer in its recoverability test. (AS 2501.16) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 4 AS 2501 16 During the year the issuer identified indicators of possible impairment for certain of its goodwill and intangible assets and performed a quantitative assessment using a discounted cash flow model to test the associated reporting unit for recoverability. The firm's approach for substantively testing goodwill and intangible assets for impairment was to test the issuer's process used to assess the recoverability of the reporting unit. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of the significant assumption related to the terminal growth rate used by the issuer in its recoverability test. (AS 2501.16) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 5 AS 2501 10 During the year the issuer identified indicators of possible impairment for certain of its goodwill and intangible assets and performed a quantitative assessment using a discounted cash flow model to test the associated reporting unit for recoverability. The firm's approach for substantively testing goodwill and intangible assets for impairment was to test the issuer's process used to assess the recoverability of the reporting unit. The following deficiency was identified: · The firm did not perform procedures to evaluate whether the issuer's method to assess its goodwill and intangible assets for impairment was in conformity with FASB ASC Topic 350 Intangibles — Goodwill and Other. (AS 2501.10) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Assets Fraud Risk 6 AS 2501 7 The issuer entered into an agreement with an external party pursuant to which it was to among other things make certain advance payments including common stock and preferred shares to the external party prior to the completion of the transaction which occurred after the year under audit. The following deficiency was identified: · The firm did not perform any procedures to test the fair value of common stock and preferred shares that had been transferred and recorded as a part of the advance payments including consideration of certain contrary evidence regarding the trading value of the issuer's common stock. (AS 2501.07; AS 2810.03) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Assets Fraud Risk 6 AS 2810 3 The issuer entered into an agreement with an external party pursuant to which it was to among other things make certain advance payments including common stock and preferred shares to the external party prior to the completion of the transaction which occurred after the year under audit. The following deficiency was identified: · The firm did not perform any procedures to test the fair value of common stock and preferred shares that had been transferred and recorded as a part of the advance payments including consideration of certain contrary evidence regarding the trading value of the issuer's common stock. (AS 2501.07; AS 2810.03) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Assets Fraud Risk 7 AS 2301 8 The issuer entered into an agreement with an external party pursuant to which it was to among other things make certain advance payments including common stock and preferred shares to the external party prior to the completion of the transaction which occurred after the year under audit. The following deficiency was identified: · The firm did not perform procedures to evaluate whether the presentation and disclosure of the advance payments was in conformity with GAAP. (AS 2301.08) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Assets Fraud Risk 8 AS 2401 67 The issuer entered into an agreement with an external party pursuant to which it was to among other things make certain advance payments including common stock and preferred shares to the external party prior to the completion of the transaction which occurred after the year under audit. The following deficiency was identified: · The firm did not evaluate the business purpose (or lack thereof) of the transaction including whether it may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets. (AS 2401.67) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 8 The issuer recognized certain revenue pursuant to contracts with new customers. The firm did not perform procedures to evaluate whether these customer contracts met the collectability criteria required to recognize revenue. (AS 2301.08 and .13) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 13 The issuer recognized certain revenue pursuant to contracts with new customers. The firm did not perform procedures to evaluate whether these customer contracts met the collectability criteria required to recognize revenue. (AS 2301.08 and .13) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2301 8 The issuer recognized certain other revenue pursuant to a contract with an external party through which it agreed to provide services in exchange for noncash consideration. The firm did not perform procedures to evaluate whether the issuer recognized this revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2301 13 The issuer recognized certain other revenue pursuant to a contract with an external party through which it agreed to provide services in exchange for noncash consideration. The firm did not perform procedures to evaluate whether the issuer recognized this revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Variable Interest Entities 11 AS 1105 A10 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not evaluate the nature of uncertainties described in the legal opinion prepared by the company's specialist and perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Variable Interest Entities 11 AS 1105 A9 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not evaluate the nature of uncertainties described in the legal opinion prepared by the company's specialist and perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 1105 10 The firm selected for testing certain controls that consisted of the issuer's reviews of revenue and deferred revenue. The firm did not perform procedures to test or test any controls over the completeness of the system-generated reports from which it made its selections to test certain of these controls. (AS 1105.10) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm selected for testing certain controls that consisted of the issuer's reviews of revenue and deferred revenue. The firm did not perform procedures to test or test any controls over the completeness of the system-generated reports from which it made its selections to test certain of these controls. (AS 1105.10) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 2 AS 2201 42 The firm selected for testing certain controls that consisted of the issuer's reviews of revenue and deferred revenue. For one of these controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm selected for testing certain controls that consisted of the issuer's reviews of revenue and deferred revenue. For one of these controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 2 AS 2201 44 The firm selected for testing certain controls that consisted of the issuer's reviews of revenue and deferred revenue. For one of these controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm selected for testing certain controls that consisted of the issuer's reviews of revenue and deferred revenue. For one of these controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Real Estate Investment Properties Significant Risk 3 AS 2201 42 The issuer reported real estate investment properties including properties under development and performed an annual assessment of the properties for impairment. The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of the annual assessment of real estate investment properties for potential impairment. The firm did not evaluate the review procedures that the control owner(s) performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Real Estate Investment Properties Significant Risk 3 AS 2201 44 The issuer reported real estate investment properties including properties under development and performed an annual assessment of the properties for impairment. The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of the annual assessment of real estate investment properties for potential impairment. The firm did not evaluate the review procedures that the control owner(s) performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Real Estate Investment Properties Significant Risk 4 AS 1105 10 The issuer reported real estate investment properties including properties under development and performed an annual assessment of the properties for impairment. The following deficiency was identified: · The firm selected for testing certain other controls that consisted of the issuer's recording and approval of transactions associated with the construction of real estate investment properties. For certain of the controls tested the firm did not perform procedures to test or test any controls over the completeness of system-generated reports from which it made its selections to test these controls. (AS 1105.10) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Real Estate Investment Properties Significant Risk 5 AS 2201 42 The issuer reported real estate investment properties including properties under development and performed an annual assessment of the properties for impairment. The following deficiency was identified: · The firm selected for testing certain other controls that consisted of the issuer's recording and approval of transactions associated with the construction of real estate investment properties. For one of these controls that included the issuer's review of construction in progress the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Real Estate Investment Properties Significant Risk 5 AS 2201 44 The issuer reported real estate investment properties including properties under development and performed an annual assessment of the properties for impairment. The following deficiency was identified: · The firm selected for testing certain other controls that consisted of the issuer's recording and approval of transactions associated with the construction of real estate investment properties. For one of these controls that included the issuer's review of construction in progress the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Real Estate Investment Properties Significant Risk 6 AS 2201 B8 The issuer reported real estate investment properties including properties under development and performed an annual assessment of the properties for impairment. The following deficiency was identified: · The firm did not evaluate whether certain misstatements it identified related to real estate investment properties including properties under development should have had an effect on the firm's conclusions about the effectiveness of the issuer's controls over these assets. (AS 2201.68) Triennially Inspected 844 Moore CPA Limited 2024 Hong Kong 2025-01-30T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2201 39 The firm selected for testing a control that consisted of the issuer's reconciliation of related party balances and transactions. The firm did not identify and test any controls over the completeness of a system-generated report used in the operation of this control. (AS 2201.39) Triennially Inspected 3686 Adeptus Partners LLC 2024 United States 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures related to investment securities required by FASB ASC Topic 825 Financial Instruments. (AS 2810.30 and .31) Triennially Inspected 3686 Adeptus Partners LLC 2024 United States 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures related to investment securities required by FASB ASC Topic 825 Financial Instruments. (AS 2810.30 and .31) Triennially Inspected 3686 Adeptus Partners LLC 2024 United States 2025-01-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Going Concern 2 AS 2415 3 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated. The firm did not sufficiently evaluate management's plans because it did not assess the likelihood that the issuer could obtain additional funding and complete a business combination. (AS 2415.03) Triennially Inspected 3686 Adeptus Partners LLC 2024 United States 2025-01-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure related to investment securities required by FASB ASC Topic 825. (AS 2810.30 and .31) Triennially Inspected 3686 Adeptus Partners LLC 2024 United States 2025-01-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure related to investment securities required by FASB ASC Topic 825. (AS 2810.30 and .31) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 46 The issuer used an information technology (IT) system at one component to initiate process and record certain revenue transactions. In its testing of controls over this revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). As a result of the following deficiencies in the firm's testing of change management ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 1105 10 The firm selected for testing two change management controls over this IT system that consisted of the (1) restricting of access to deploy system changes into the production environment to authorized personnel and (2) documentation review testing and approval of system changes prior to their migration into the production environment. The issuer documented the system changes in tickets that were entered into a change ticket tracking system. The following deficiency was identified: · The firm did not perform sufficient procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing these controls because it limited its procedures to obtaining listings of change tickets from the change ticket tracking system without contemplating potential changes that were not captured in that system. (AS 1105.10) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2201 42 The firm selected for testing two change management controls over this IT system that consisted of the (1) restricting of access to deploy system changes into the production environment to authorized personnel and (2) documentation review testing and approval of system changes prior to their migration into the production environment. The issuer documented the system changes in tickets that were entered into a change ticket tracking system. The following deficiency was identified: · The firm did not test an aspect of the first control related to the segregation of duties between system change developers and deployers. (AS 2201.42 and .44) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2201 44 The firm selected for testing two change management controls over this IT system that consisted of the (1) restricting of access to deploy system changes into the production environment to authorized personnel and (2) documentation review testing and approval of system changes prior to their migration into the production environment. The issuer documented the system changes in tickets that were entered into a change ticket tracking system. The following deficiency was identified: · The firm did not test an aspect of the first control related to the segregation of duties between system change developers and deployers. (AS 2201.42 and .44) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2201 68 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm selected for testing controls over this revenue that consisted of (1) management's review and approval of sales orders created in this IT system and (2) management's review of new prices and changes to existing prices before those prices and changes were uploaded into this IT system. The firm identified deficiencies in the design and operating effectiveness of these controls. The firm identified and tested compensating controls that it believed would mitigate the deficiencies. The firm did not identify that these compensating controls did not address the risks of material misstatement related to inaccurate and unauthorized sales orders and prices related to this revenue. (AS 2201.68) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 6 AS 2201 39 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm did not identify and test any controls that would address risks associated with improper revenue recognition from certain sales. (AS 2201.39) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 7 AS 2201 39 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy of the fulfillment status in this IT system. (AS 2201.39) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 8 AS 2201 42 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of a sales discounts/rebates analysis workbook and the related journal entry to record the sales discounts/rebates. The firm did not perform sufficient procedures to test the accuracy and completeness of the revenue report which was used in the operation of this control because it did not perform procedures to verify that it was a standard report within the scope of the service auditor's report beyond inquires of management. (AS 2201.42) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 9 AS 2301 8 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether certain revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers ('ASC 606') because at the time revenue was recognized for certain transactions the firm did not obtain any evidence that a legally enforceable contract existed or that the performance obligation was satisfied. (AS 2301.08 and .11) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 9 AS 2301 11 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether certain revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers ('ASC 606') because at the time revenue was recognized for certain transactions the firm did not obtain any evidence that a legally enforceable contract existed or that the performance obligation was satisfied. (AS 2301.08 and .11) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 10 AS 2810 30 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's recognition of certain revenue. In this instance the issuer's recognition of revenue appears not to have been in conformity with ASC 606. (AS 2810.30) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 11 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the fair value of the liability as determined by the company's specialist. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant assumptions the company's specialist used to determine the fair value of the liability. Further for one quarter tested the firm did not test an aspect of the control related to the control owner's review of the formulas used in the valuation models prepared by the company's specialist. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 11 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the fair value of the liability as determined by the company's specialist. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant assumptions the company's specialist used to determine the fair value of the liability. Further for one quarter tested the firm did not test an aspect of the control related to the control owner's review of the formulas used in the valuation models prepared by the company's specialist. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 12 AS 1201 C6 The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the valuation of the liability because the auditor-employed specialist did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist to determine the fair value of the liability as described below. (AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 12 AS 1201 C7 The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the valuation of the liability because the auditor-employed specialist did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist to determine the fair value of the liability as described below. (AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 13 AS 1105 A8B The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The auditor-employed specialist did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed and used by the company's specialist because it limited its procedures to (1) reading the liability valuation report (2) reading certain analysts' reports (3) inquiries of management and (4) performing a sensitivity analysis without evaluating the appropriateness of certain assumptions used in the analysis. (AS 1105.A8b) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 14 AS 1105 A8B The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The auditor-employed specialist did not perform procedures to evaluate the reasonableness of another significant assumption developed and used by the company's specialist beyond (1) reading the liability valuation report and publicly available information and (2) inquiries of management the company's specialist and the issuer's largest shareholder. (AS 1105.A8b) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 15 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the other investments as presented in a reconciliation schedule including a comparison of the fair value of these investments to the related investment valuation report and/or other supporting documentation. The firm did not test aspects of the control related to (1) the mathematical accuracy of the supporting documentation used in the operation of the control and (2) agreeing an input used in the investment valuation report to the supporting documentation for one of the other investments. Further for certain other investments the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions used by the company's specialist to determine the fair value of the investments. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 15 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the other investments as presented in a reconciliation schedule including a comparison of the fair value of these investments to the related investment valuation report and/or other supporting documentation. The firm did not test aspects of the control related to (1) the mathematical accuracy of the supporting documentation used in the operation of the control and (2) agreeing an input used in the investment valuation report to the supporting documentation for one of the other investments. Further for certain other investments the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions used by the company's specialist to determine the fair value of the investments. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 16 AS 1105 4 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of external historical financial information for the investee it used to evaluate the reasonableness of an assumption used by the auditor-employed specialist to develop an expectation of the fair value of an aspect of one of the other investments. (AS 1105.04 and .06) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 16 AS 1105 6 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of external historical financial information for the investee it used to evaluate the reasonableness of an assumption used by the auditor-employed specialist to develop an expectation of the fair value of an aspect of one of the other investments. (AS 1105.04 and .06) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 17 AS 2501 16 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · When testing the issuer's process the firm did not perform procedures to evaluate the reasonableness of a significant assumption used by the company's specialist to determine the fair value of an aspect of one of the other investments at the inception date. (AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 18 AS 1105 A8B The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · When testing the issuer's process the firm did not sufficiently evaluate the work of the auditor- employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the reasonableness of a significant assumption developed and used by the company's specialist to determine the fair value of certain other investments. (AS 1105.A8b; AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 18 AS 1201 C6 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · When testing the issuer's process the firm did not sufficiently evaluate the work of the auditor- employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the reasonableness of a significant assumption developed and used by the company's specialist to determine the fair value of certain other investments. (AS 1105.A8b; AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 18 AS 1201 C7 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · When testing the issuer's process the firm did not sufficiently evaluate the work of the auditor- employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the reasonableness of a significant assumption developed and used by the company's specialist to determine the fair value of certain other investments. (AS 1105.A8b; AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 19 AS 2201 42 The issuer reported goodwill at several reporting units and evaluated certain reporting units for impairment using a discounted cash flow model ('DCF model') which relied on various assumptions. The firm's approach to substantively test the issuer's goodwill impairment analysis for one reporting unit was to test the issuer's process. The firm also developed an independent expectation of the issuer's annual revenue growth rates for this reporting unit and compared those expectations to the annual revenue growth rate assumptions used by the issuer in the DCF model. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the goodwill impairment analysis for each reporting unit. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain assumptions used in the goodwill impairment analysis for certain reporting units. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 19 AS 2201 44 The issuer reported goodwill at several reporting units and evaluated certain reporting units for impairment using a discounted cash flow model ('DCF model') which relied on various assumptions. The firm's approach to substantively test the issuer's goodwill impairment analysis for one reporting unit was to test the issuer's process. The firm also developed an independent expectation of the issuer's annual revenue growth rates for this reporting unit and compared those expectations to the annual revenue growth rate assumptions used by the issuer in the DCF model. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the goodwill impairment analysis for each reporting unit. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain assumptions used in the goodwill impairment analysis for certain reporting units. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 20 AS 2501 16 The issuer reported goodwill at several reporting units and evaluated certain reporting units for impairment using a discounted cash flow model ('DCF model') which relied on various assumptions. The firm's approach to substantively test the issuer's goodwill impairment analysis for one reporting unit was to test the issuer's process. The firm also developed an independent expectation of the issuer's annual revenue growth rates for this reporting unit and compared those expectations to the annual revenue growth rate assumptions used by the issuer in the DCF model. The following deficiency was identified: · For the one reporting unit referred to above the firm did not perform sufficient procedures to evaluate the reasonableness of the annual revenue growth assumptions which the firm considered to be significant assumptions used by the issuer in its goodwill impairment analysis because the firm did not demonstrate that it had a reasonable basis for (1) selecting the comparable companies it used to develop its independent expectation of the average annual revenue growth rate over a six-year period and (2) assuming that the ratio of advertising expenses to revenue ('advertising ratio') generated would be predictive of the revenue growth rate for 2023. Further the firm did not perform procedures to evaluate differences between the (1) annual revenue growth rate assumptions used by the issuer and the compound annual revenue growth rates for the industry beyond determining the market share the issuer would need to capture to achieve its revenue growth rate for 2023 and (2) industry advertising ratio and the advertising ratio used by the issuer. (AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 21 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · The firm did not test aspects of the control related to management's review of (1) one of the inputs used in the valuation model and (2) the mathematical accuracy of the changes to the fair value of the debt. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 21 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · The firm did not test aspects of the control related to management's review of (1) one of the inputs used in the valuation model and (2) the mathematical accuracy of the changes to the fair value of the debt. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 22 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain other inputs used in the valuation model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 22 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain other inputs used in the valuation model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 23 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · For one of the quarters tested the firm did not (1) agree the inputs used in the valuation model to the inputs provided by the company's specialist and (2) evaluate the specific review procedures that the control owner performed to assess the reasonableness of one such input. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 23 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · For one of the quarters tested the firm did not (1) agree the inputs used in the valuation model to the inputs provided by the company's specialist and (2) evaluate the specific review procedures that the control owner performed to assess the reasonableness of one such input. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 1 AS 2201 42 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that included management's review of (1) the cost assumptions used in the financial budget and (2) adjustments made to the financial budget to derive the budget model. The firm did not (1) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of certain cost assumptions used in the financial budget and (2) test an aspect of the control related to the adjustments made to the financial budget when deriving the budget model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 1 AS 2201 42 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that included management's review of (1) the cost assumptions used in the financial budget and (2) adjustments made to the financial budget to derive the budget model. The firm did not (1) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of certain cost assumptions used in the financial budget and (2) test an aspect of the control related to the adjustments made to the financial budget when deriving the budget model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 1 AS 2201 44 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that included management's review of (1) the cost assumptions used in the financial budget and (2) adjustments made to the financial budget to derive the budget model. The firm did not (1) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of certain cost assumptions used in the financial budget and (2) test an aspect of the control related to the adjustments made to the financial budget when deriving the budget model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 1 AS 2201 44 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that included management's review of (1) the cost assumptions used in the financial budget and (2) adjustments made to the financial budget to derive the budget model. The firm did not (1) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of certain cost assumptions used in the financial budget and (2) test an aspect of the control related to the adjustments made to the financial budget when deriving the budget model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 2 AS 2201 39 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of certain inputs used in the DCF model. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 2 AS 2201 39 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of certain inputs used in the DCF model. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 3 AS 2201 42 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not assess the effect of the issuer not evaluating certain risk factors applied to the inputs on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 3 AS 2201 42 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not assess the effect of the issuer not evaluating certain risk factors applied to the inputs on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 4 AS 2810 30 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not identify and evaluate a departure from IFRS related to the issuer incorrectly disclosing that it used a pre-tax discount rate to estimate the present value of the future cash flows in the DCF model. (AS 2810.30 and .31) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 4 AS 2810 30 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not identify and evaluate a departure from IFRS related to the issuer incorrectly disclosing that it used a pre-tax discount rate to estimate the present value of the future cash flows in the DCF model. (AS 2810.30 and .31) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 4 AS 2810 31 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not identify and evaluate a departure from IFRS related to the issuer incorrectly disclosing that it used a pre-tax discount rate to estimate the present value of the future cash flows in the DCF model. (AS 2810.30 and .31) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 4 AS 2810 31 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not identify and evaluate a departure from IFRS related to the issuer incorrectly disclosing that it used a pre-tax discount rate to estimate the present value of the future cash flows in the DCF model. (AS 2810.30 and .31) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 5 AS 1105 10 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm used the financial budget to substantively test certain other liabilities but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of the financial budget. (AS 1105.10) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 5 AS 1105 10 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm used the financial budget to substantively test certain other liabilities but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of the financial budget. (AS 1105.10) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of certain intangible assets acquired in a business combination. The following deficiency was identified: · The firm selected for testing controls that consisted of management's review of certain information prepared by the issuer and other data inputs all of which were used by the company's specialist to determine the fair value of certain intangible assets acquired in the business combination. The firm did not test an aspect of the controls related to the accuracy of certain data that the issuer provided to the company's specialist. Further with respect to certain assumptions in the information used by the company's specialist the firm did not (1) evaluate whether the thresholds used by the control owners to evaluate the reasonableness of certain assumptions were sufficiently precise to detect misstatements that could be material (2) evaluate the specific review procedures that the control owners performed to assess the reasonableness of those assumptions and (3) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of another assumption. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of certain intangible assets acquired in a business combination. The following deficiency was identified: · The firm selected for testing controls that consisted of management's review of certain information prepared by the issuer and other data inputs all of which were used by the company's specialist to determine the fair value of certain intangible assets acquired in the business combination. The firm did not test an aspect of the controls related to the accuracy of certain data that the issuer provided to the company's specialist. Further with respect to certain assumptions in the information used by the company's specialist the firm did not (1) evaluate whether the thresholds used by the control owners to evaluate the reasonableness of certain assumptions were sufficiently precise to detect misstatements that could be material (2) evaluate the specific review procedures that the control owners performed to assess the reasonableness of those assumptions and (3) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of another assumption. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8a The issuer engaged an external specialist to assist in determining the fair value of certain intangible assets acquired in a business combination. The following deficiency was identified: · The firm did not perform any procedures to test or test any controls over the accuracy of certain data that the issuer provided to the company's specialist and used by the specialist to develop an assumption that was then used by the specialist to determine the fair value of certain intangible assets acquired in the business combination. (AS 1105.A8a) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 2301 8 The issuer engaged an external specialist to assist in determining the fair value of certain intangible assets acquired in a business combination. The following deficiency was identified: · The firm did not perform procedures beyond documenting that certain disclosures were not material to evaluate whether the issuer made all required disclosures related to the business combination in conformity with FASB ASC Topic 805 Business Combinations. (AS 2301.08) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Cash Flows 4 AS 2201 42 The firm selected for testing a control that consisted of management's review of the statement of cash flows. The firm did not assess the effect of the issuer not evaluating the accuracy and completeness of certain data used in the operation of the control on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the appropriateness of the ACL for certain loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) appropriateness of the method(s) used by the company's specialists to determine the value of the collateral (2) reasonableness of the assumptions used by the company's specialists to determine the value of the collateral and (3) reasonableness of the collateral adjustment percentage used in the DCF model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 44 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the appropriateness of the ACL for certain loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) appropriateness of the method(s) used by the company's specialists to determine the value of the collateral (2) reasonableness of the assumptions used by the company's specialists to determine the value of the collateral and (3) reasonableness of the collateral adjustment percentage used in the DCF model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A10 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A4 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A5 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A6 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A7 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A8 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A9 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2501 16 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2501 16 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the collateral adjustment percentage which the firm considered to be a significant assumption used in the DCF model beyond comparing the collateral adjustment percentage to the issuer's policy of acceptable collateral ranges. (AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1201 C6 The issuer engaged an external specialist to assist in determining the fair value of an intangible asset acquired in a business combination and the firm used an auditor-employed specialist to assist it with testing the valuation of this intangible asset. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist as it did not identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the valuation of the intangible asset because the auditor-employed specialist did not perform sufficient procedures to evaluate the work of the company's specialist as described below. (AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1201 C7 The issuer engaged an external specialist to assist in determining the fair value of an intangible asset acquired in a business combination and the firm used an auditor-employed specialist to assist it with testing the valuation of this intangible asset. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist as it did not identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the valuation of the intangible asset because the auditor-employed specialist did not perform sufficient procedures to evaluate the work of the company's specialist as described below. (AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8a The issuer engaged an external specialist to assist in determining the fair value of an intangible asset acquired in a business combination and the firm used an auditor-employed specialist to assist it with testing the valuation of this intangible asset. The following deficiency was identified: · The auditor-employed specialist did not perform procedures to evaluate the relevance and reliability of data from external sources that the company's specialist used to develop an assumption that was then used to determine the fair value of the intangible asset. (AS 1105.A8a) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 A8b The issuer engaged an external specialist to assist in determining the fair value of an intangible asset acquired in a business combination and the firm used an auditor-employed specialist to assist it with testing the valuation of this intangible asset. The following deficiency was identified: · The auditor-employed specialist did not perform procedures to evaluate the reasonableness of a significant assumption developed and used by the company's specialist to determine the fair value of the intangible asset beyond reading the valuation report prepared by the company's specialist and identifying qualitative factors that could result in a significant difference between the assumption and the range for that assumption identified by the company's specialist. (AS 1105.A8b) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · For certain controls over the recording of revenue that consisted of matching information from the invoice to other data the firm did not directly test the operating effectiveness of the controls because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · For certain controls over the recording of revenue that consisted of matching information from the invoice to other data the firm did not directly test the operating effectiveness of the controls because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 B9 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · For certain controls over the recording of revenue that consisted of matching information from the invoice to other data the firm did not directly test the operating effectiveness of the controls because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · For certain management review controls the firm did not evaluate the specific review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · For certain management review controls the firm did not evaluate the specific review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · The firm did not perform procedures to test or identify and test any controls over the accuracy and completeness of certain system-generated reports it used to make its selections for testing the operating effectiveness of certain controls over revenue. (AS 1105.10) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 18 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 37 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Asset 5 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and test any controls over the accuracy and completeness of certain issuer-produced data and/or reports used in the operation of certain controls over a certain asset. (AS 2201.39) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 6 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control over the initiation and approval of wire transfers. The firm did not identify and test any controls over segregation of duties between the initiator the approver and the sender of wire transfers. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 6 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control over the initiation and approval of wire transfers. The firm did not identify and test any controls over segregation of duties between the initiator the approver and the sender of wire transfers. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Information Technology General Controls 1 AS 2201 42 The firm tested certain ITGCs over the issuer's logical access and change management for the issuer's system. The following deficiency was identified: · The firm did not sufficiently evaluate the specific procedures that the control owners performed to determine whether to grant role access to users or whether the granted role access continued to be appropriate because its procedures to test the design and operating effectiveness did not include any procedures related to assessing the appropriateness of the roles configured within the system. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Information Technology General Controls 1 AS 2201 44 The firm tested certain ITGCs over the issuer's logical access and change management for the issuer's system. The following deficiency was identified: · The firm did not sufficiently evaluate the specific procedures that the control owners performed to determine whether to grant role access to users or whether the granted role access continued to be appropriate because its procedures to test the design and operating effectiveness did not include any procedures related to assessing the appropriateness of the roles configured within the system. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Information Technology General Controls 2 AS 1105 10 The firm tested certain ITGCs over the issuer's logical access and change management for the issuer's system. The following deficiency was identified: · The firm did not sufficiently test the design and operating effectiveness of certain ITGCs related to change management because its procedures to test the completeness of the population of changes were limited to observing the generation of change information from an application outside the issuer's primary system and obtaining an administrator activity log. (AS 1105.10) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Information Technology General Controls 3 AS 2201 46 As a result of the deficiencies in the firm's ITGC testing the firm did not sufficiently test whether the information technology (IT) automated application controls and the IT-dependent manual controls it selected for testing over revenue and a certain asset were effective as each control was dependent on the effectiveness of ITGCs. (AS 2201.46) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 42 The firm selected for testing certain review controls over revenue. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the appropriateness of the (1) timing of revenue recognition and (2) price changes from the issuer's system. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 44 The firm selected for testing certain review controls over revenue. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the appropriateness of the (1) timing of revenue recognition and (2) price changes from the issuer's system. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 16 The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 18 The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 37 The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 19 The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23 The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23A The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Asset Significant Risk 6 AS 2201 42 The firm selected for testing certain review controls over a certain asset. The firm did not evaluate the specific review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Asset Significant Risk 6 AS 2201 44 The firm selected for testing certain review controls over a certain asset. The firm did not evaluate the specific review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 344 Wipfli LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether all performance obligations were appropriately identified because it did not (1) perform procedures to identify and review all customer agreements/contracts that may contain promises to provide distinct goods or services and (2) evaluate whether any such promises identified should be accounted for as separate performance obligations. (AS 2301.08 and .13) Triennially Inspected 344 Wipfli LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform sufficient procedures to evaluate whether all performance obligations were appropriately identified because it did not (1) perform procedures to identify and review all customer agreements/contracts that may contain promises to provide distinct goods or services and (2) evaluate whether any such promises identified should be accounted for as separate performance obligations. (AS 2301.08 and .13) Triennially Inspected 344 Wipfli LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain system-generated data it used to substantively test revenue. (AS 1105.10) Triennially Inspected 344 Wipfli LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 1 AS 1105 27 To test rollover contributions the firm selected certain rollover contributions that met specific criteria to evaluate whether they were appropriately recognized in accordance with the terms of the plan document. The firm did not perform any substantive procedures to test the remaining population of rollover contributions to address the assessed risk of material misstatement. (AS 1105.27; AS 2301.08) Triennially Inspected 344 Wipfli LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 1 AS 2301 8 To test rollover contributions the firm selected certain rollover contributions that met specific criteria to evaluate whether they were appropriately recognized in accordance with the terms of the plan document. The firm did not perform any substantive procedures to test the remaining population of rollover contributions to address the assessed risk of material misstatement. (AS 1105.27; AS 2301.08) Triennially Inspected 673 Richey, May & Co., LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 42 The issuer's ALL included a qualitative reserve based on various qualitative factors. The following deficiency was identified: · The firm selected for testing two review controls over the issuer's determination of the qualitative reserve. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions used to develop the qualitative factors used in determining the qualitative reserve. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 44 The issuer's ALL included a qualitative reserve based on various qualitative factors. The following deficiency was identified: · The firm selected for testing two review controls over the issuer's determination of the qualitative reserve. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions used to develop the qualitative factors used in determining the qualitative reserve. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2501 16 The issuer's ALL included a qualitative reserve based on various qualitative factors. The following deficiency was identified: · The firm did not perform procedures to evaluate whether the issuer had a reasonable basis for the significant assumptions used to determine the qualitative reserve beyond obtaining and reading an issuer-prepared narrative. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 3 AS 2201 39 The issuer monitored loan delinquency and used that information to identify potential problem loans for impairment evaluation. The firm did not identify and test any controls over the identification and classification of past due loans within the issuer's loan system. (AS 2201.39) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 42 The firm selected for testing a control over the review of potential other-than-temporary-impairment on available-for-sale investment securities. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 44 The firm selected for testing a control over the review of potential other-than-temporary-impairment on available-for-sale investment securities. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2810 17 The firm did not sufficiently evaluate a departure from GAAP related to the issuer's recording of certain available-for-sale investment securities at par value rather than fair value in accordance with FASB ASC Topic 320 Investments — Debt Securities because it did not evaluate whether the uncorrected misstatement was material taking into account relevant quantitative and qualitative considerations in materiality judgments. (AS 2810.17 .30 and .31) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2810 30 The firm did not sufficiently evaluate a departure from GAAP related to the issuer's recording of certain available-for-sale investment securities at par value rather than fair value in accordance with FASB ASC Topic 320 Investments — Debt Securities because it did not evaluate whether the uncorrected misstatement was material taking into account relevant quantitative and qualitative considerations in materiality judgments. (AS 2810.17 .30 and .31) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2810 31 The firm did not sufficiently evaluate a departure from GAAP related to the issuer's recording of certain available-for-sale investment securities at par value rather than fair value in accordance with FASB ASC Topic 320 Investments — Debt Securities because it did not evaluate whether the uncorrected misstatement was material taking into account relevant quantitative and qualitative considerations in materiality judgments. (AS 2810.17 .30 and .31) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 1210 12 The firm engaged a specialist to evaluate the fair value hierarchy classifications for the issuer's available-for-sale investment securities. The firm did not perform additional procedures beyond consideration of directional risk or request that the auditor-engaged specialist perform additional procedures to address the specialist's findings that appeared to contradict the issuer's presentation of these investment securities within the fair value hierarchy. (AS 1210.12; AS 2301.08) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2301 8 The firm engaged a specialist to evaluate the fair value hierarchy classifications for the issuer's available-for-sale investment securities. The firm did not perform additional procedures beyond consideration of directional risk or request that the auditor-engaged specialist perform additional procedures to address the specialist's findings that appeared to contradict the issuer's presentation of these investment securities within the fair value hierarchy. (AS 1210.12; AS 2301.08) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2201 68 The firm identified a deficiency related to the ability of individuals to post journal entries without review or approval. The firm tested two controls that it believed would compensate for this deficiency but did not identify that these controls did not address the risk of material misstatement related to unapproved journal entries. (AS 2201.68) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 8 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm selected for testing certain journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test journal entries because it did not have an appropriate rationale for limiting its procedures to certain journal entries that met the fraud criteria. (AS 2401.61) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 1 AS 2201 39 The issuer performed cycle counts of inventory at a location. The following deficiency was identified: · The firm did not identify and test any controls that addressed whether all of the inventory items were assigned a frequency to be counted and the appropriateness of the assignment. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2201 39 The issuer performed cycle counts of inventory at a location. The following deficiency was identified: · The firm did not identify and test any controls over the issuer's review of cycle count results including any related inventory adjustments. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 2510 11 The issuer performed cycle counts of inventory at a location. The following deficiency was identified: · Due to the deficiencies described the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 4 AS 2201 68 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · The firm identified and tested various review controls that it believed would mitigate the deficiencies. The firm did not perform procedures to evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.68) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 5 AS 2201 68 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · The firm identified and tested various review controls that it believed would mitigate the deficiencies. The firm did not identify and test any controls over the accuracy and completeness of the information used in these reviews. (AS 2201.68) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2315 16 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For one of these locations the firm attended the cycle counts at year end and performed test count procedures. The sample size the firm used for its test count procedures was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2315 19 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For one of these locations the firm attended the cycle counts at year end and performed test count procedures. The sample size the firm used for its test count procedures was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2315 23 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For one of these locations the firm attended the cycle counts at year end and performed test count procedures. The sample size the firm used for its test count procedures was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2315 23A The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For one of these locations the firm attended the cycle counts at year end and performed test count procedures. The sample size the firm used for its test count procedures was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 8 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For two of these locations the firm did not perform any substantive procedures to test the existence of inventory at year end. (AS 2301.08 and .11) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 11 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For two of these locations the firm did not perform any substantive procedures to test the existence of inventory at year end. (AS 2301.08 and .11) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 8 AS 2201 39 The firm did not identify and test any controls for certain locations where the issuer performed full physical inventory observations. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2315 16 For one of these locations the firm observed the physical inventory counts and selected a sample of inventory items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2315 19 For one of these locations the firm observed the physical inventory counts and selected a sample of inventory items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2315 23 For one of these locations the firm observed the physical inventory counts and selected a sample of inventory items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2315 23A For one of these locations the firm observed the physical inventory counts and selected a sample of inventory items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 10 AS 2301 8 For one other location the firm did not perform any substantive procedures to test the existence of inventory at year end. (AS 2301.08 and .11) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 10 AS 2301 11 For one other location the firm did not perform any substantive procedures to test the existence of inventory at year end. (AS 2301.08 and .11) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 11 AS 2201 42 The firm selected for testing a control over the review of inventory reserves. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the inventory reserve. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 11 AS 2201 44 The firm selected for testing a control over the review of inventory reserves. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the inventory reserve. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 12 AS 2201 39 The firm selected for testing a control over the review of inventory reserves. The firm did not identify and test any controls over the accuracy and completeness of information used in the operation of this control (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 13 AS 1105 10 The firm's approach for substantively testing inventory reserves was to test the issuer's process used to develop the reserve. The firm did not perform procedures to test or identify and test any controls over the completeness of certain information it used to substantively test the inventory reserve. (AS 1105.10) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 14 AS 2501 16 The firm's approach for substantively testing inventory reserves was to test the issuer's process used to develop the reserve. The firm did not perform procedures beyond inquiry to evaluate the reasonableness of significant assumptions used to determine the inventory reserve. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2501 16 The issuer used certain qualitative factors to determine the qualitative component of the ALL. The firm's approach for substantively testing the qualitative component of the ALL was to test the issuer's process and develop an independent expectation. The following deficiency was identified: · The firm did not evaluate whether the issuer had a reasonable basis for certain significant assumptions related to basis points assigned to qualitative factors used to determine the qualitative component of the ALL. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2501 22 The issuer used certain qualitative factors to determine the qualitative component of the ALL. The firm's approach for substantively testing the qualitative component of the ALL was to test the issuer's process and develop an independent expectation. The following deficiency was identified: · The firm did not perform any procedures to demonstrate it had a reasonable basis for the assumptions it used in determining its independent expectation. (AS 2501.22) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 39 The issuer used loan risk ratings to estimate its ACL. The firm did not identify and test any controls that addressed the reasonableness of loan risk ratings. (AS 2201.39) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Control Deficiencies 2 AS 2201 62 The firm identified control deficiencies related to significant accounts and in areas of significant risk. The firm did not sufficiently evaluate the severity of these control deficiencies because it did not evaluate the magnitude of the potential misstatements resulting from the deficiencies. (AS 2201.62) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 1210 12 The firm engaged a specialist to evaluate the fair value hierarchy classifications for the issuer's investment securities. The firm did not perform procedures beyond quantifying the differences in fair value or request that the auditor-engaged specialist perform additional procedures to address the specialist's findings that appeared to contradict the issuer's presentation of these investment securities within the fair value hierarchy. (AS 1210.12; AS 2301.08) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2301 8 The firm engaged a specialist to evaluate the fair value hierarchy classifications for the issuer's investment securities. The firm did not perform procedures beyond quantifying the differences in fair value or request that the auditor-engaged specialist perform additional procedures to address the specialist's findings that appeared to contradict the issuer's presentation of these investment securities within the fair value hierarchy. (AS 1210.12; AS 2301.08) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to evaluating the journal entry descriptions. (AS 2401.61) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A8a The issuer engaged an external specialist to develop estimates related to certain long-lived assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures to test the accuracy and completeness of certain issuer-produced data and evaluate the relevance and reliability of certain data from external sources that the company's specialist used. (AS 1105.A8a) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 1105 A8b The issuer engaged an external specialist to develop estimates related to certain long-lived assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer and the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2501 16 The issuer engaged an external specialist to develop estimates related to certain long-lived assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer and the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2501 16 The issuer engaged an external specialist to develop estimates related to certain long-lived assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain components of other significant assumptions developed by the issuer and used by the company's specialist. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 1105 A8c The issuer engaged an external specialist to develop estimates related to certain long-lived assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures beyond inquiry to evaluate whether the methods used by the company's specialist were appropriate under the circumstances. (AS 1105.A8c) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 42 The issuer reported an ACL that included both a quantitative and qualitative component. The issuer used certain qualitative factors including assigned loan risk grades to determine the qualitative component of the ACL. The following deficiency was identified: · The firm selected for testing a review control over the qualitative reserve. The firm did not evaluate the specific review procedures the control owners performed to evaluate the reasonableness of the basis points applied to the qualitative factors. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 44 The issuer reported an ACL that included both a quantitative and qualitative component. The issuer used certain qualitative factors including assigned loan risk grades to determine the qualitative component of the ACL. The following deficiency was identified: · The firm selected for testing a review control over the qualitative reserve. The firm did not evaluate the specific review procedures the control owners performed to evaluate the reasonableness of the basis points applied to the qualitative factors. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 2 AS 2201 42 The issuer reported an ACL that included both a quantitative and qualitative component. The issuer used certain qualitative factors including assigned loan risk grades to determine the qualitative component of the ACL. The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of loans including a review of the reasonableness of assigned loan risk grades. This control included a determination of which loans would be subject to a review of the assigned loan risk grades. The firm did not assess the effect of the issuer excluding certain loans from review of the assigned loan risk grades on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 3 AS 2501 16 The issuer reported an ACL that included both a quantitative and qualitative component. The issuer used certain qualitative factors including assigned loan risk grades to determine the qualitative component of the ACL. The following deficiency was identified: · The firm did not perform procedures to evaluate whether the issuer had a reasonable basis for the significant assumptions related to basis points applied to the qualitative factors beyond obtaining and reading an issuer-prepared narrative. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 4 AS 2501 16 The issuer reported an ACL that included both a quantitative and qualitative component. The issuer used certain qualitative factors including assigned loan risk grades to determine the qualitative component of the ACL. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of a significant assumption used to develop the quantitative component. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Allowance for Credit Losses Significant Risk 1 AS 2201 39 The issuer used loan risk ratings to estimate its ACL. The firm did not identify and test any controls over the reasonableness of loan risk ratings. (AS 2201.39) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm did not perform procedures to test the accuracy and completeness of certain issuer-produced reports beyond testing their mathematical accuracy that the issuer used to identify performance obligations and allocate transaction prices to those obligations and the firm used in its substantive procedures. (AS 1105.10) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 8 The issuer records multiple types of revenue. For one type of revenue the firm compared issuer revenue information to customer sales contracts. The firm did not perform procedures to evaluate whether (1) the issuer met its performance obligations before revenue was recognized; and (2) the method used to recognize revenue for one contract was appropriate. (AS 2301.08 and .11) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 11 The issuer records multiple types of revenue. For one type of revenue the firm compared issuer revenue information to customer sales contracts. The firm did not perform procedures to evaluate whether (1) the issuer met its performance obligations before revenue was recognized; and (2) the method used to recognize revenue for one contract was appropriate. (AS 2301.08 and .11) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 8 The issuer records multiple types of revenue. For another type of revenue the firm did not perform any procedures to test the revenue beyond agreeing revenue from three selected locations to an issuer-prepared schedule. (AS 2301.08 and .11) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 11 The issuer records multiple types of revenue. For another type of revenue the firm did not perform any procedures to test the revenue beyond agreeing revenue from three selected locations to an issuer-prepared schedule. (AS 2301.08 and .11) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 4 AS 2810 10 The firm identified unresolved differences related to revenue and intangible assets. The firm did not perform procedures to (1) address these identified differences and (2) accumulate these differences to evaluate whether they were material individually or in combination with other misstatements even though the firm had not designated an amount below which misstatements are clearly trivial and do not need to be accumulated. (AS 2810.10 and .17) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 4 AS 2810 17 The firm identified unresolved differences related to revenue and intangible assets. The firm did not perform procedures to (1) address these identified differences and (2) accumulate these differences to evaluate whether they were material individually or in combination with other misstatements even though the firm had not designated an amount below which misstatements are clearly trivial and do not need to be accumulated. (AS 2810.10 and .17) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 2501 7 The firm did not perform procedures to test the valuation of certain significant accounts. (AS 2501.07) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 2 AS 1105 4 The firm did not perform procedures to test the reliability of information used by the firm in its testing of the valuation of a significant account. (AS 1105.04 and .06) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 2 AS 1105 6 The firm did not perform procedures to test the reliability of information used by the firm in its testing of the valuation of a significant account. (AS 1105.04 and .06) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 3 AS 2301 8 The firm did not evaluate the appropriateness of the issuer's accounting for and presentation and disclosure of these accounts. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 3 AS 2301 11 The firm did not evaluate the appropriateness of the issuer's accounting for and presentation and disclosure of these accounts. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 4 AS 2301 8 The firm did not perform procedures to test the existence completeness and rights and obligations for these accounts beyond confirming certain information with external parties. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 4 AS 2301 11 The firm did not perform procedures to test the existence completeness and rights and obligations for these accounts beyond confirming certain information with external parties. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and long-lived assets. The issuer outsourced its IT operations to a third-party service organization including the operation of certain IT automated controls ('ITACs'). The transaction data processed through these IT systems and the IT systems themselves which were maintained by the service organization were owned by the issuer. The firm selected for testing various ITACs over certain revenue and long-lived assets. The firm used the work of the service organization's auditor ('service auditor') as evidence of the design and operating effectiveness of these ITACs whereby the firm provided guidance to the service auditor related to the testing of these ITACs and the firm obtained the service auditor's report which described the service auditor's testing procedures and results. The firm did not perform sufficient procedures to test the design and operating effectiveness of these ITACs because the firm did not identify that the service auditor had not performed procedures to (1) test the design of these ITACs and (2) evaluate program customizations to support the use of a 'test of one' approach to test the operating effectiveness of these ITACs. (AS 2201.42 and .44) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and long-lived assets. The issuer outsourced its IT operations to a third-party service organization including the operation of certain IT automated controls ('ITACs'). The transaction data processed through these IT systems and the IT systems themselves which were maintained by the service organization were owned by the issuer. The firm selected for testing various ITACs over certain revenue and long-lived assets. The firm used the work of the service organization's auditor ('service auditor') as evidence of the design and operating effectiveness of these ITACs whereby the firm provided guidance to the service auditor related to the testing of these ITACs and the firm obtained the service auditor's report which described the service auditor's testing procedures and results. The firm did not perform sufficient procedures to test the design and operating effectiveness of these ITACs because the firm did not identify that the service auditor had not performed procedures to (1) test the design of these ITACs and (2) evaluate program customizations to support the use of a 'test of one' approach to test the operating effectiveness of these ITACs. (AS 2201.42 and .44) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and long-lived assets. The issuer outsourced its IT operations to a third-party service organization including the operation of certain IT automated controls ('ITACs'). The transaction data processed through these IT systems and the IT systems themselves which were maintained by the service organization were owned by the issuer. The firm selected for testing various ITACs over certain revenue and long-lived assets. The firm used the work of the service organization's auditor ('service auditor') as evidence of the design and operating effectiveness of these ITACs whereby the firm provided guidance to the service auditor related to the testing of these ITACs and the firm obtained the service auditor's report which described the service auditor's testing procedures and results. The firm did not perform sufficient procedures to test the design and operating effectiveness of these ITACs because the firm did not identify that the service auditor had not performed procedures to (1) test the design of these ITACs and (2) evaluate program customizations to support the use of a 'test of one' approach to test the operating effectiveness of these ITACs. (AS 2201.42 and .44) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and long-lived assets. The issuer outsourced its IT operations to a third-party service organization including the operation of certain IT automated controls ('ITACs'). The transaction data processed through these IT systems and the IT systems themselves which were maintained by the service organization were owned by the issuer. The firm selected for testing various ITACs over certain revenue and long-lived assets. The firm used the work of the service organization's auditor ('service auditor') as evidence of the design and operating effectiveness of these ITACs whereby the firm provided guidance to the service auditor related to the testing of these ITACs and the firm obtained the service auditor's report which described the service auditor's testing procedures and results. The firm did not perform sufficient procedures to test the design and operating effectiveness of these ITACs because the firm did not identify that the service auditor had not performed procedures to (1) test the design of these ITACs and (2) evaluate program customizations to support the use of a 'test of one' approach to test the operating effectiveness of these ITACs. (AS 2201.42 and .44) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform sufficient substantive procedures to test certain revenue because the firm did not subject all relevant revenue transactions to these procedures as it did not compile a complete population of transactions from which it made its selections for testing and the firm did not perform any other procedures to test the remaining revenue transactions. (AS 2301.08 and .13) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform sufficient substantive procedures to test certain revenue because the firm did not subject all relevant revenue transactions to these procedures as it did not compile a complete population of transactions from which it made its selections for testing and the firm did not perform any other procedures to test the remaining revenue transactions. (AS 2301.08 and .13) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1101 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1105 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 10 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2110 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2301 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2401 57 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2410 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2415 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 30 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 31 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 2201 68 The firm selected for testing a control that consisted of the issuer's review of the fair value of certain assets. The firm identified a deficiency in the operating effectiveness of this control. The firm identified and tested compensating controls that it believed would mitigate this deficiency. The firm did not identify that these other controls were not designed to address whether these assets were appropriately recorded at fair value. (AS 2201.68) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1105 A8a The firm used an auditor-employed specialist to test the fair value of certain of these assets which was determined by the company's specialist. The auditor-employed specialist's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that it did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist (2) evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework and (3) test the accuracy and/or completeness of certain issuer-produced data used by the company's specialist. The firm did not perform additional procedures or request the auditor-employed specialist to perform additional procedures to address these issues. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1105 A8b The firm used an auditor-employed specialist to test the fair value of certain of these assets which was determined by the company's specialist. The auditor-employed specialist's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that it did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist (2) evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework and (3) test the accuracy and/or completeness of certain issuer-produced data used by the company's specialist. The firm did not perform additional procedures or request the auditor-employed specialist to perform additional procedures to address these issues. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1105 A8c The firm used an auditor-employed specialist to test the fair value of certain of these assets which was determined by the company's specialist. The auditor-employed specialist's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that it did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist (2) evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework and (3) test the accuracy and/or completeness of certain issuer-produced data used by the company's specialist. The firm did not perform additional procedures or request the auditor-employed specialist to perform additional procedures to address these issues. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1201 C6 The firm used an auditor-employed specialist to test the fair value of certain of these assets which was determined by the company's specialist. The auditor-employed specialist's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that it did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist (2) evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework and (3) test the accuracy and/or completeness of certain issuer-produced data used by the company's specialist. The firm did not perform additional procedures or request the auditor-employed specialist to perform additional procedures to address these issues. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1201 C7 The firm used an auditor-employed specialist to test the fair value of certain of these assets which was determined by the company's specialist. The auditor-employed specialist's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that it did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist (2) evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework and (3) test the accuracy and/or completeness of certain issuer-produced data used by the company's specialist. The firm did not perform additional procedures or request the auditor-employed specialist to perform additional procedures to address these issues. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7) Triennially Inspected 6722 SRCO, C.P.A., Professional Corporation 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Share-Based Compensation 1 AS 2301 8 The issuer recorded share-based compensation expense. The firm did not evaluate whether the grant date used by the issuer to measure the share-based compensation was in conformity with FASB ASC Topic 718 Compensation—Stock Compensation. (AS 2301.08) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer recognized several types of revenue. The following deficiency was identified: · The firm did not perform procedures to test or identify and test any controls over the completeness of a report from which it made its selections to test two types of revenue. (AS 1105.10) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 27 The issuer recognized several types of revenue. The following deficiency was identified: · The firm selected key item transactions to test these two types of revenue. The firm did not perform procedures beyond performing cut-off procedures to test the remaining population of revenue transactions to address the assessed risk of material misstatement. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized several types of revenue. The following deficiency was identified: · The firm selected key item transactions to test these two types of revenue. The firm did not perform procedures beyond performing cut-off procedures to test the remaining population of revenue transactions to address the assessed risk of material misstatement. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized several types of revenue. The following deficiency was identified: · The firm selected key item transactions to test these two types of revenue. The firm did not perform procedures beyond performing cut-off procedures to test the remaining population of revenue transactions to address the assessed risk of material misstatement. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer recognized several types of revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer's accounting for one of these types of revenue as the principal rather than as an agent was appropriate because the firm concluded that the issuer had the ability to direct and control the goods or services but it did not perform any procedures to support this conclusion. (AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The issuer recognized several types of revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer's accounting for one of these types of revenue as the principal rather than as an agent was appropriate because the firm concluded that the issuer had the ability to direct and control the goods or services but it did not perform any procedures to support this conclusion. (AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The issuer recognized several types of revenue. The following deficiency was identified: · The firm did not perform procedures to evaluate the issuer's determination of the transaction price for a sample of transactions for a third type of revenue. (AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The issuer recognized several types of revenue. The following deficiency was identified: · The firm did not perform procedures to evaluate the issuer's determination of the transaction price for a sample of transactions for a third type of revenue. (AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 5 AS 1105 A8b The issuer engaged a valuation specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 6 AS 1105 A8a The issuer engaged a valuation specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of data from sources external to the issuer that were used by the company's specialist in developing significant assumptions. (AS 1105.A8a) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 7 AS 2501 16 The issuer engaged a valuation specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to evaluate the reasonableness of a significant assumption developed by the issuer. (AS 2501.16) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 8 AS 2401 61 The firm identified fraud criteria for journal entries. The firm did not perform sufficient procedures to test the journal entries that met the criteria because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 1105 4 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of certain data included in one of the issuer-prepared reports ('invoice detailed report') used in its substantive testing of revenue and accounts receivable because the firm did not test the validity of the information used to evaluate the relevance and reliability of the data. (AS 1105.04 and .06) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of certain data included in one of the issuer-prepared reports ('invoice detailed report') used in its substantive testing of revenue and accounts receivable because the firm did not test the validity of the information used to evaluate the relevance and reliability of the data. (AS 1105.04 and .06) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 1105 6 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of certain data included in one of the issuer-prepared reports ('invoice detailed report') used in its substantive testing of revenue and accounts receivable because the firm did not test the validity of the information used to evaluate the relevance and reliability of the data. (AS 1105.04 and .06) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of certain data included in one of the issuer-prepared reports ('invoice detailed report') used in its substantive testing of revenue and accounts receivable because the firm did not test the validity of the information used to evaluate the relevance and reliability of the data. (AS 1105.04 and .06) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 1105 10 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of (1) the invoice detailed report used in its substantive testing of revenue and accounts receivable and (2) another issuer-prepared report used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of (1) the invoice detailed report used in its substantive testing of revenue and accounts receivable and (2) another issuer-prepared report used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · For certain revenue transactions selected for testing the firm did not perform procedures to test whether (1) a sales contract existed with the customer and (2) the issuer had satisfied its performance obligation prior to recognizing revenue beyond agreeing the transactions or related purchase order information to the invoice detailed report referred to above. (AS 2301.08 and .13) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · For certain revenue transactions selected for testing the firm did not perform procedures to test whether (1) a sales contract existed with the customer and (2) the issuer had satisfied its performance obligation prior to recognizing revenue beyond agreeing the transactions or related purchase order information to the invoice detailed report referred to above. (AS 2301.08 and .13) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 1 AS 2201 42 The firm selected for testing certain controls over the reconciliation and/or review of various accounts including certain accounts related to revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 42 The firm selected for testing certain controls over the reconciliation and/or review of various accounts including certain accounts related to revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 1 AS 2201 44 The firm selected for testing certain controls over the reconciliation and/or review of various accounts including certain accounts related to revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 44 The firm selected for testing certain controls over the reconciliation and/or review of various accounts including certain accounts related to revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 2 AS 2201 39 The firm did not identify and test any controls over (1) the accuracy and completeness of issuer-produced information used in the operation of the above controls and (2) the relevance and reliability of certain external information related to inventory used in the operation of one of the above controls. (AS 2201.39) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 39 The firm did not identify and test any controls over (1) the accuracy and completeness of issuer-produced information used in the operation of the above controls and (2) the relevance and reliability of certain external information related to inventory used in the operation of one of the above controls. (AS 2201.39) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 3 AS 1105 10 The issuer recorded an inventory reserve and the firm's approach for substantively testing the inventory reserve was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to test or (as discussed above) identify and test controls over the accuracy and completeness of certain issuer-produced information used by the issuer to develop the inventory reserve. (AS 1105.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 4 AS 1105 4 The issuer recorded an inventory reserve and the firm's approach for substantively testing the inventory reserve was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate or (as discussed above) identify and test controls over the relevance and reliability of certain external information that the issuer used to develop the inventory reserve. (AS 1105.04 and.06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 4 AS 1105 6 The issuer recorded an inventory reserve and the firm's approach for substantively testing the inventory reserve was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate or (as discussed above) identify and test controls over the relevance and reliability of certain external information that the issuer used to develop the inventory reserve. (AS 1105.04 and.06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 5 AS 2501 16 The issuer recorded an inventory reserve and the firm's approach for substantively testing the inventory reserve was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the significant assumptions. (AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform sufficient substantive procedures to evaluate whether certain revenue was recognized in conformity with IFRS 15 Revenue from Contracts with Customers because it did not evaluate beyond reading the issuer's revenue recognition policy (1) each party's rights regarding the goods or services to be transferred and (2) the payment terms for the goods or services to be transferred. (AS 2301.08 and .13) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform sufficient substantive procedures to evaluate whether certain revenue was recognized in conformity with IFRS 15 Revenue from Contracts with Customers because it did not evaluate beyond reading the issuer's revenue recognition policy (1) each party's rights regarding the goods or services to be transferred and (2) the payment terms for the goods or services to be transferred. (AS 2301.08 and .13) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2310 29 To evaluate the reliability of certain external information the firm used to test revenue the firm sent a positive confirmation request to the external party and received an electronic response. The firm did not consider performing procedures to address the risks associated with the electronic response such as verifying the source and contents of the confirmation response. (AS 2310.29) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of certain external information it used to test revenue. (AS 1105.04 and .06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of certain external information it used to test revenue. (AS 1105.04 and .06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2305 16 The firm's substantive procedures to test this revenue included performing a substantive analytical procedure. The firm used external data in developing its expectation but did not perform any procedures to evaluate the reliability of that data. (AS 2305.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 19 The sample size the firm used in one of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of reliance on evidence from other substantive procedures that was not supported due to the deficiency in the firm's substantive analytical procedure discussed above. (AS 2315.19 .23 and .23A) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23 The sample size the firm used in one of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of reliance on evidence from other substantive procedures that was not supported due to the deficiency in the firm's substantive analytical procedure discussed above. (AS 2315.19 .23 and .23A) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23A The sample size the firm used in one of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of reliance on evidence from other substantive procedures that was not supported due to the deficiency in the firm's substantive analytical procedure discussed above. (AS 2315.19 .23 and .23A) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 2501 16 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed by the issuer because it did not evaluate the significant difference between it and a significant assumption used by the issuer in another estimate tested. (AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 2501 16 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to evaluate the reasonableness of certain other significant assumptions developed by the issuer. (AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 2501 16 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not perform procedures to evaluate whether the issuer had a reasonable basis for another significant assumption it developed. (AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 4 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 6 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A1 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A10 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A2 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A3 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A4 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A5 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A6 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A7 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A8 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A9 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1201 C6 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1201 C7 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 2501 16 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1201 C6 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate whether the method used by the issuer to perform its quantitative assessment was in conformity with International Accounting Standard (IAS) 36 Impairment of Assets because it did not identify that the auditor-employed specialist did not evaluate the effect on the quantitative assessment resulting from departures from IAS 36 it identified in the issuer's method. (AS 1201.C6 and .C7; AS 2501.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1201 C7 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate whether the method used by the issuer to perform its quantitative assessment was in conformity with International Accounting Standard (IAS) 36 Impairment of Assets because it did not identify that the auditor-employed specialist did not evaluate the effect on the quantitative assessment resulting from departures from IAS 36 it identified in the issuer's method. (AS 1201.C6 and .C7; AS 2501.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 2501 10 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate whether the method used by the issuer to perform its quantitative assessment was in conformity with International Accounting Standard (IAS) 36 Impairment of Assets because it did not identify that the auditor-employed specialist did not evaluate the effect on the quantitative assessment resulting from departures from IAS 36 it identified in the issuer's method. (AS 1201.C6 and .C7; AS 2501.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 11 AS 1105 4 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not evaluate the relevance and/or reliability of certain external information it used to test the quantitative assessment. (AS 1105.04 and .06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 11 AS 1105 6 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not evaluate the relevance and/or reliability of certain external information it used to test the quantitative assessment. (AS 1105.04 and .06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 12 AS 1105 10 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of issuer-produced data used by the issuer to develop a significant assumption used in its quantitative assessment. (AS 1105.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 13 AS 2301 8 The firm did not evaluate the appropriateness of the presentation of certain long-lived assets. (AS 2301.08) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized multiple types of revenue. The following deficiency was identified: · For one type of revenue the firm did not perform procedures to evaluate whether the underlying contracts represented contracts with an identifiable customer in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized multiple types of revenue. The following deficiency was identified: · For one type of revenue the firm did not perform procedures to evaluate whether the underlying contracts represented contracts with an identifiable customer in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The issuer recognized multiple types of revenue. The following deficiency was identified: · The firm did not perform substantive procedures to evaluate the relevance and/or reliability of certain external information it used to test two types of revenue. (AS 1105.04 and.06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The issuer recognized multiple types of revenue. The following deficiency was identified: · The firm did not perform substantive procedures to evaluate the relevance and/or reliability of certain external information it used to test two types of revenue. (AS 1105.04 and.06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2305 16 The issuer recognized multiple types of revenue. The following deficiency was identified: · The firm's substantive procedures to test one type of revenue included performing substantive analytical procedures. The firm used external data in developing its expectation but did not perform any procedures to evaluate the reliability of that data. (AS 2305.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 The issuer recognized multiple types of revenue. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced information it used to test two types of revenue. (AS 1105.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Investment Securities Significant Risk 1 AS 1105 63 The issuer reported the valuation of certain investments based on investee financial results including unaudited financial statements. The firm did not apply or request that the investor arrange with the investee to have another auditor apply appropriate auditing procedures to the unaudited financial statements for these investees. (AS 1105.63) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 2 AS 1105 A8a The issuer engaged a specialist to develop an estimate of a significant account. The firm selected a sample to test the accuracy and completeness of certain data used by the company's specialist. The firm did not sufficiently test the accuracy and completeness of this data because it selected its sample from a sub-population of the data. (AS 1105.A8a) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 3 AS 1105 A8a The issuer engaged a specialist to develop an estimate of a significant account. The firm selected a sample to test the accuracy and completeness of certain data used by the company's specialist. The firm did not test the accuracy of certain other data that the company's specialist used to develop a significant assumption. (AS 1105.A8a) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Change Management 1 AS 2201 42 The issuer used certain information technology (IT) systems to initiate process and record transactions related to (1) fee and commission income and related receivables and (2) realized and unrealized gain and losses and interest income. The firm selected for testing certain IT change management controls over these IT systems that consisted of the review testing and approval of changes prior to their migration into production. The following deficiency was identified: · The firm did not perform procedures to test the design and operating effectiveness of a control related to user access beyond observation of one individual's attempt to log in to the production and development environments. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Change Management 1 AS 2201 44 The issuer used certain information technology (IT) systems to initiate process and record transactions related to (1) fee and commission income and related receivables and (2) realized and unrealized gain and losses and interest income. The firm selected for testing certain IT change management controls over these IT systems that consisted of the review testing and approval of changes prior to their migration into production. The following deficiency was identified: · The firm did not perform procedures to test the design and operating effectiveness of a control related to user access beyond observation of one individual's attempt to log in to the production and development environments. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Change Management 2 AS 1105 10 The issuer used certain information technology (IT) systems to initiate process and record transactions related to (1) fee and commission income and related receivables and (2) realized and unrealized gain and losses and interest income. The firm selected for testing certain IT change management controls over these IT systems that consisted of the review testing and approval of changes prior to their migration into production. The following deficiency was identified: · The firm did not test or in the alternative identify and test any controls over the completeness of information that it used to make its selections for testing a control over change management. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Change Management 3 AS 1105 10 The issuer used certain information technology (IT) systems to initiate process and record transactions related to (1) fee and commission income and related receivables and (2) realized and unrealized gain and losses and interest income. The firm selected for testing certain IT change management controls over these IT systems that consisted of the review testing and approval of changes prior to their migration into production. The following deficiency was identified: · The firm selected for testing a control over change management for one of these systems but did not perform any procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to this system. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Change Management 4 AS 2201 39 The issuer used certain information technology (IT) systems to initiate process and record transactions related to (1) fee and commission income and related receivables and (2) realized and unrealized gain and losses and interest income. The firm selected for testing certain IT change management controls over these IT systems that consisted of the review testing and approval of changes prior to their migration into production. The following deficiency was identified: · The firm did not identify and test a control to address the review and approval of changes other than configuration for certain of these systems. (AS 2201.39) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 5 AS 2201 42 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to fee and commission income and related receivables. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 5 AS 2201 44 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to fee and commission income and related receivables. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 6 AS 1105 10 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · As a result of the firm's ITGC testing deficiencies discussed above for fee and commission income and related receivables the firm did not perform procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data the firm used in its substantive procedures. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 7 AS 2301 8 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test fee and commission income from non-related parties beyond comparing the amounts to issuer-produced information. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 7 AS 2301 13 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test fee and commission income from non-related parties beyond comparing the amounts to issuer-produced information. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 8 AS 2301 8 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test the occurrence of fee and commission income from related parties beyond comparing the amounts to issuer-produced information and obtaining customer commission agreements. (AS 2301.08 and .13; AS 2410.12) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 8 AS 2301 13 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test the occurrence of fee and commission income from related parties beyond comparing the amounts to issuer-produced information and obtaining customer commission agreements. (AS 2301.08 and .13; AS 2410.12) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 8 AS 2410 12 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test the occurrence of fee and commission income from related parties beyond comparing the amounts to issuer-produced information and obtaining customer commission agreements. (AS 2301.08 and .13; AS 2410.12) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 9 AS 1105 4 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of securities pricing obtained from external sources that it used to test the accuracy of fee and commission income from related parties. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 9 AS 1105 6 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of securities pricing obtained from external sources that it used to test the accuracy of fee and commission income from related parties. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 10 AS 2810 30 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures related to fee and commission income required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 10 AS 2810 31 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures related to fee and commission income required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 11 AS 2410 12 For fee and commission income and related receivables the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test receivables due from a related party beyond confirming the amount with an individual who was an executive officer of the issuer and an employee of the related party. (AS 2410.12) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 12 AS 2201 42 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to realized and unrealized gains and losses and interest income. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 12 AS 2201 42 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to realized and unrealized gains and losses and interest income. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 12 AS 2201 44 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to realized and unrealized gains and losses and interest income. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 12 AS 2201 44 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to realized and unrealized gains and losses and interest income. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 13 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test realized gains and losses because it limited its procedures to recalculating the gains or losses for a sample of transactions based on issuer-produced information or information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 13 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test realized gains and losses because it limited its procedures to recalculating the gains or losses for a sample of transactions based on issuer-produced information or information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 13 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test realized gains and losses because it limited its procedures to recalculating the gains or losses for a sample of transactions based on issuer-produced information or information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 13 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test realized gains and losses because it limited its procedures to recalculating the gains or losses for a sample of transactions based on issuer-produced information or information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 14 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform any procedures to test the unrealized gains and losses at year end. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 14 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform any procedures to test the unrealized gains and losses at year end. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 14 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform any procedures to test the unrealized gains and losses at year end. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 14 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform any procedures to test the unrealized gains and losses at year end. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 15 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test interest income because it limited its procedures to recalculating interest income for a sample of transactions and tracing data used in the recalculation to information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 15 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test interest income because it limited its procedures to recalculating interest income for a sample of transactions and tracing data used in the recalculation to information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 15 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test interest income because it limited its procedures to recalculating interest income for a sample of transactions and tracing data used in the recalculation to information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 15 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test interest income because it limited its procedures to recalculating interest income for a sample of transactions and tracing data used in the recalculation to information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 16 AS 1105 4 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of information it obtained from external sources that it used in its testing. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 16 AS 1105 4 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of information it obtained from external sources that it used in its testing. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 16 AS 1105 6 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of information it obtained from external sources that it used in its testing. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 16 AS 1105 6 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of information it obtained from external sources that it used in its testing. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 17 AS 1105 10 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test or identify and test any controls over the accuracy and completeness of certain system-generated data used in the firm's testing. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 17 AS 1105 10 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test or identify and test any controls over the accuracy and completeness of certain system-generated data used in the firm's testing. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Planned Divestiture of Certain Subsidiaries 18 AS 2201 39 The issuer planned to divest of its interest in certain subsidiaries. The firm did not identify and test a control that addressed whether the assets and liabilities of these subsidiaries met the held for sale criteria and should have been presented as discontinued operations in the financial statements in accordance with FASB ASC Topic 205 Presentation of Financial Statements. (AS 2201.39) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Planned Divestiture of Certain Subsidiaries 19 AS 2301 8 The issuer planned to divest of its interest in certain subsidiaries. The firm did not perform substantive procedures to evaluate whether the assets and liabilities of these subsidiaries met the held for sale criteria and should have been presented as discontinued operations in the financial statements in accordance with FASB ASC Topic 205. (AS 2301.08) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 20 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm selected for testing controls that consisted of the issuer's review of revenue recognized over time. The firm did not identify and test any controls over the accuracy and completeness of the reports that the control owners used in the operation of these controls. (AS 2201.39) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 39 The firm selected for testing controls that consisted of the issuer's review of revenue recognized over time. The firm did not identify and test any controls over the accuracy and completeness of the reports that the control owners used in the operation of these controls. (AS 2201.39) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2201 39 The firm selected for testing controls that consisted of the issuer's review of inventory. The firm did not identify and test any controls over the accuracy and completeness of the reports that the control owners used in the operation of these controls. (AS 2201.39) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 2201 39 The firm selected for testing controls that consisted of the issuer's review of inventory. The firm did not identify and test any controls to address whether inventory was recorded at the lower of cost or net realizable value. (AS 2201.39) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 4 AS 2501 16 The issuer recognized an allowance for slow-moving and obsolete inventories that included a general reserve. The firm did not evaluate the reasonableness of the significant assumptions the issuer used to develop the general reserve. (AS 2501.16) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 1210 9 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not identify that the auditor-engaged specialist did not perform procedures beyond inquiry to evaluate the reasonableness of certain significant assumptions the issuer used to develop the fair value of this account and perform additional procedures or request the auditor-engaged specialist to perform additional procedures to address the issue. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 1210 12 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not identify that the auditor-engaged specialist did not perform procedures beyond inquiry to evaluate the reasonableness of certain significant assumptions the issuer used to develop the fair value of this account and perform additional procedures or request the auditor-engaged specialist to perform additional procedures to address the issue. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 2501 16 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not identify that the auditor-engaged specialist did not perform procedures beyond inquiry to evaluate the reasonableness of certain significant assumptions the issuer used to develop the fair value of this account and perform additional procedures or request the auditor-engaged specialist to perform additional procedures to address the issue. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 2 AS 1105 10 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not perform procedures to test or in the alternative identify and test controls over the accuracy and completeness of certain issuer-produced information the issuer used to develop the fair value of this account. (AS 1105.10) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 3 AS 1105 4 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain information from external sources the issuer used to develop the fair value of this account. (AS 1105.04 and .06) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 3 AS 1105 6 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain information from external sources the issuer used to develop the fair value of this account. (AS 1105.04 and .06) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 4 AS 2501 16 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not perform procedures beyond a comparison to prior year amounts to evaluate the reasonableness of certain components of a significant assumption the issuer used to develop the fair value of this account. (AS 2501.16) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 5 AS 2501 7 The firm did not perform substantive procedures beyond certain recalculations to test the valuation of certain other significant accounts. (AS 2501.07) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform any procedures to evaluate whether the issuer's recognition of certain revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform any procedures to evaluate whether the issuer's recognition of certain revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain revenue recognized over time the firm did not evaluate whether there were significant judgments used by the issuer in determining the timing of satisfaction of performance obligations and whether all applicable required disclosures were made. (AS 2301.08 and .13) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain revenue recognized over time the firm did not evaluate whether there were significant judgments used by the issuer in determining the timing of satisfaction of performance obligations and whether all applicable required disclosures were made. (AS 2301.08 and .13) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2310 26 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm sent positive confirmation requests to a sample of customers as part of its testing of revenue. The following deficiency was identified: · The firm did not perform procedures to determine whether certain of the confirmation requests were directed to third parties who were knowledgeable about the information to be confirmed. (AS 2310.26) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2310 29 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm sent positive confirmation requests to a sample of customers as part of its testing of revenue. The following deficiency was identified: · The firm received an electronic response to one confirmation request. The firm did not consider performing procedures to address the risks associated with an electronic response such as verifying the source and contents of the confirmation response. (AS 2310.29) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 5 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded an allowance for expected credit losses related to accounts receivable which was based in part on significant assumptions regarding default rates. The issuer assigned credit rating categories to each receivable based on whether or not the customer had made payments and assigned a default rate to each customer's receivable based on that assigned category which was based on information from an external source. The firm's approach to test the allowance for expected credit losses was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the significant assumption used by the issuer related to default rates beyond comparing the rates to data from the external source that the issuer used to develop the rates. (AS 2501.16) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 6 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded an allowance for expected credit losses related to accounts receivable which was based in part on significant assumptions regarding default rates. The issuer assigned credit rating categories to each receivable based on whether or not the customer had made payments and assigned a default rate to each customer's receivable based on that assigned category which was based on information from an external source. The firm's approach to test the allowance for expected credit losses was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance of the credit rating categories from the external source that the issuer used in determining the default rates. (AS 1105.04 and .06) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 6 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded an allowance for expected credit losses related to accounts receivable which was based in part on significant assumptions regarding default rates. The issuer assigned credit rating categories to each receivable based on whether or not the customer had made payments and assigned a default rate to each customer's receivable based on that assigned category which was based on information from an external source. The firm's approach to test the allowance for expected credit losses was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance of the credit rating categories from the external source that the issuer used in determining the default rates. (AS 1105.04 and .06) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 7 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded an allowance for expected credit losses related to accounts receivable which was based in part on significant assumptions regarding default rates. The issuer assigned credit rating categories to each receivable based on whether or not the customer had made payments and assigned a default rate to each customer's receivable based on that assigned category which was based on information from an external source. The firm's approach to test the allowance for expected credit losses was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy of certain information used by the issuer in calculating a component of its allowance for expected credit losses. (AS 1105.10) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 8 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded an allowance for expected credit losses related to accounts receivable which was based in part on significant assumptions regarding default rates. The issuer assigned credit rating categories to each receivable based on whether or not the customer had made payments and assigned a default rate to each customer's receivable based on that assigned category which was based on information from an external source. The firm's approach to test the allowance for expected credit losses was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures beyond comparison to an issuer-prepared schedule to test the issuer's presentation of certain items related to accounts receivable and the allowance for expected credit losses in the statement of cash flows. (AS 2301.08) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 9 AS 2501 10 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported intangible assets and evaluated them for impairment using undiscounted cash flow analyses. The firm's approach to test the issuer's impairment analyses was to test the issuer's process. The firm did not sufficiently evaluate whether the method used by the issuer to develop the impairment analyses was in conformity with GAAP as it did not evaluate whether the method was in conformity with certain applicable requirements of FASB ASC Topic 350 Intangibles—Goodwill and Other and FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.10) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 10 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported intangible assets and evaluated them for impairment using undiscounted cash flow analyses. The firm's approach to test the issuer's impairment analyses was to test the issuer's process. The firm did not perform procedures beyond inquiry to evaluate the reasonableness of significant assumptions related to the undiscounted cash flow projections used by the issuer to develop the impairment analyses. (AS 2501.16) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing a control that consisted of management's review of a reconciliation related to revenue. The firm did not (1) evaluate the specific review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of a reconciliation related to revenue. The firm did not (1) evaluate the specific review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The firm selected for testing a control that consisted of management's review of a reconciliation related to revenue. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of the control. (AS 2201.39) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm selected for testing a control over sales invoices. The firm did not perform procedures to test or identify and test controls over the completeness of the issuer-produced sales invoice listing used in its testing of the control. (AS 1105.10) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2201 42 The firm selected for testing a review control over purchases and disposals of long-lived assets. The firm did not test the aspect of this control related to the control owner's review of the summary of activity or transaction details supporting the control. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2201 44 The firm selected for testing a review control over purchases and disposals of long-lived assets. The firm did not test the aspect of this control related to the control owner's review of the summary of activity or transaction details supporting the control. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2501 16 The issuer developed undiscounted cash flows to evaluate certain long-lived assets for potential impairment. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of significant assumptions related to daily revenue rates beyond comparing the rates used by the issuer to rates obtained from the external source that the issuer used to develop the assumptions. (AS 2501.16) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 4 The issuer developed undiscounted cash flows to evaluate certain long-lived assets for potential impairment. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of the rates obtained from the external source. (AS 1105.04 and .06) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 6 The issuer developed undiscounted cash flows to evaluate certain long-lived assets for potential impairment. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of the rates obtained from the external source. (AS 1105.04 and .06) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 2501 16 The issuer developed undiscounted cash flows to evaluate certain long-lived assets for potential impairment. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of significant assumptions related to certain expense rates because it limited its procedures to comparing the rates to the actual operating expenses during the year and the issuer's budget without evaluating whether the issuer had a reasonable basis for the assumptions in the budget. (AS 2501.16) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 8 AS 2201 62 The firm identified control deficiencies related to significant accounts and in areas of significant risk. The firm did not provide a reasonable basis to support its conclusion that the magnitude of the potential misstatements resulting from the control deficiencies was not material. (AS 2201.62) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 9 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of controls related to revenue and long-lived assets. The firm identified and tested two review controls that it believed would mitigate the deficiencies ('compensating controls'). The following deficiency was identified: · For one control the firm did not perform procedures to evaluate the review procedures that the control owner performed to be able to conclude that the compensating control mitigated the identified control deficiency. (AS 2201.68) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 10 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of controls related to revenue and long-lived assets. The firm identified and tested two review controls that it believed would mitigate the deficiencies ('compensating controls'). The following deficiency was identified: · The firm did not identity and test any controls over the accuracy and completeness of the supporting documentation used in the performance of this control. (AS 2201.68) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 11 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of controls related to revenue and long-lived assets. The firm identified and tested two review controls that it believed would mitigate the deficiencies ('compensating controls'). The following deficiency was identified: · For another control the firm did not identify that this control did not address the identified control deficiencies related to revenues and long-lived assets. (AS 2201.68) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2305 13 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The expectations the firm used were not sufficiently precise because although disaggregated the firm's procedures consisted of comparisons of amounts and certain ratios to prior years without determining whether the prior-year amounts and ratios were sufficiently predictive of current-year amounts and ratios. (AS 2305.13 and .14) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2305 14 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The expectations the firm used were not sufficiently precise because although disaggregated the firm's procedures consisted of comparisons of amounts and certain ratios to prior years without determining whether the prior-year amounts and ratios were sufficiently predictive of current-year amounts and ratios. (AS 2305.13 and .14) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 16 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2305 16 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The firm used certain system-generated data in its substantive testing of this revenue but did not test or in the alternative test any controls over the accuracy of these data. (AS 2305.16) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2305 20 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The firm did not establish an amount of difference from the expectation that could be accepted without further investigation. (AS 2305.20) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2305 13 For investment income the firm's substantive procedures consisted of performing analytical procedures using certain issuer data or data from a third-party service provider. For the analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships and whether its expectations of interest rates based on the trend over several previous years were sufficiently precise. (AS 2305.13 .14 and .17). Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2305 14 For investment income the firm's substantive procedures consisted of performing analytical procedures using certain issuer data or data from a third-party service provider. For the analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships and whether its expectations of interest rates based on the trend over several previous years were sufficiently precise. (AS 2305.13 .14 and .17). Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2305 17 For investment income the firm's substantive procedures consisted of performing analytical procedures using certain issuer data or data from a third-party service provider. For the analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships and whether its expectations of interest rates based on the trend over several previous years were sufficiently precise. (AS 2305.13 .14 and .17). Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2305 16 For investment income the firm's substantive procedures consisted of performing analytical procedures using certain issuer data or data from a third-party service provider. The firm did not evaluate whether the data used in the analytical procedures was sufficiently reliable for the purpose of achieving its audit objectives. (AS 2305.16) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2401 61 The firm did not appropriately consider the characteristics of potentially fraudulent journal entries in determining the criteria it used to identify and select journal entries for testing because it limited its procedures to certain journal entries recorded at year end without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivable 1 AS 2410 17 The firm did not identify and evaluate an error related to the presentation of a related party receivable in the issuer's balance sheet in accordance with FASB ASC Topic 210 Balance Sheet. (AS 2410.17; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its presentation of this related party receivable and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivable 1 AS 2810 30 The firm did not identify and evaluate an error related to the presentation of a related party receivable in the issuer's balance sheet in accordance with FASB ASC Topic 210 Balance Sheet. (AS 2410.17; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its presentation of this related party receivable and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivable 1 AS 2810 31 The firm did not identify and evaluate an error related to the presentation of a related party receivable in the issuer's balance sheet in accordance with FASB ASC Topic 210 Balance Sheet. (AS 2410.17; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its presentation of this related party receivable and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of certain information it obtained from external sources and used in its substantive procedures to test certain sales. (AS 1105.04 and .06) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of certain information it obtained from external sources and used in its substantive procedures to test certain sales. (AS 1105.04 and .06) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2315 24 To test the existence of inventory the firm selected a sample of items biased towards high-dollar value individual items. The firm did not perform any procedures to test the remaining population of inventory. (AS 2315.24) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2301 8 To test the existence of inventory the firm selected a sample of items biased towards high-dollar value individual items. The firm did not perform any procedures to test the cost of inventory. (AS 2301.08) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any procedures to evaluate the terms and conditions of the issuer's arrangements with its customers. (AS 2301.08 and .13) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any procedures to evaluate the terms and conditions of the issuer's arrangements with its customers. (AS 2301.08 and .13) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform any procedures to test whether the issuer satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform any procedures to test whether the issuer satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm also did not perform any procedures to test or in the alternative identify and test controls over the accuracy and completeness of certain issuer-produced information it used in its substantive procedures. (AS 1105.10) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Digital Assets 4 AS 2301 8 The firm did not perform any substantive procedures to test digital assets. (AS 2301.08) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 5 AS 2301 8 The firm did not perform any substantive procedures to test certain liabilities. (AS 2301.08) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 1 AS 1105 A8b The issuer engaged a valuation specialist to determine the fair value of convertible debt. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions developed by the issuer and the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 1 AS 2501 16 The issuer engaged a valuation specialist to determine the fair value of convertible debt. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions developed by the issuer and the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 2 AS 1105 A8a The issuer engaged a valuation specialist to determine the fair value of convertible debt. The firm did not perform any procedures to test the accuracy and completeness of issuer-produced data and evaluate the relevance and reliability of data from external sources that were used by the company's specialist. (AS 1105.A8a) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Possible Illegal Acts 1 AS 2405 7 During the audit the firm became aware of information concerning possible illegal acts by the issuer. The firm did not evaluate the information concerning the possible illegal acts to obtain (1) an understanding of the nature of the acts and the circumstances in which they occurred and (2) sufficient other information to evaluate the effect on the financial statements. (AS 2405.07 and 10) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Possible Illegal Acts 1 AS 2405 10 During the audit the firm became aware of information concerning possible illegal acts by the issuer. The firm did not evaluate the information concerning the possible illegal acts to obtain (1) an understanding of the nature of the acts and the circumstances in which they occurred and (2) sufficient other information to evaluate the effect on the financial statements. (AS 2405.07 and 10) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 1105 10 The firm did not perform procedures to test or identify and test controls over the accuracy of certain data used to determine the valuation of certain investment securities beyond testing the accuracy of the data in the prior year. (AS 1105.10) Triennially Inspected 1227 BDO Canada LLP 2023 Canada BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Non-Current Assets Significant Risk 1 AS 1201 C6 The firm used an auditor-employed specialist to assist it in testing the fair value of certain non-current assets. The auditor-employed specialist's approach consisted of developing an independent expectation as a range of fair value outcomes using comparable publicly traded companies and precedent transactions in the sector. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Triennially Inspected 1227 BDO Canada LLP 2023 Canada BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Non-Current Assets Significant Risk 1 AS 1201 C7 The firm used an auditor-employed specialist to assist it in testing the fair value of certain non-current assets. The auditor-employed specialist's approach consisted of developing an independent expectation as a range of fair value outcomes using comparable publicly traded companies and precedent transactions in the sector. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Triennially Inspected 1227 BDO Canada LLP 2023 Canada BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Non-Current Assets Significant Risk 1 AS 2501 25 The firm used an auditor-employed specialist to assist it in testing the fair value of certain non-current assets. The auditor-employed specialist's approach consisted of developing an independent expectation as a range of fair value outcomes using comparable publicly traded companies and precedent transactions in the sector. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Triennially Inspected 1227 BDO Canada LLP 2023 Canada BDO International Limited 2024-11-21T00:00:00 Part I.A B Yes Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 The firm was instructed by the principal auditor to perform procedures to address certain risks of material misstatement identified by the principal auditor including a fraud risk related to management override of controls. The firm reported to the principal auditor that it responded to the identified fraud risk by performing procedures to test journal entries among other procedures. The firm did not perform procedures to select and test journal entries for certain fraud criteria identified by the firm. (AS 2401.61) Triennially Inspected 1432 BDO Bedrijfsrevisoren - BDO Reviseurs d'Entreprises 2023 Belgium BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction Significant Risk 1 AS 2501 16 The firm's approach for substantively testing the valuation of a significant transaction was to test the issuer's process which included the use of projected financial information developed by the issuer using significant assumptions related to sales volume for the forecasted period. The firm did not sufficiently evaluate the reasonableness of these assumptions because it limited its procedures to inquiry of management and review of internal plans without taking into account the issuer's ability to carry out its planned course of action. (AS 2501.16 and .17) Triennially Inspected 1432 BDO Bedrijfsrevisoren - BDO Reviseurs d'Entreprises 2023 Belgium BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction Significant Risk 1 AS 2501 17 The firm's approach for substantively testing the valuation of a significant transaction was to test the issuer's process which included the use of projected financial information developed by the issuer using significant assumptions related to sales volume for the forecasted period. The firm did not sufficiently evaluate the reasonableness of these assumptions because it limited its procedures to inquiry of management and review of internal plans without taking into account the issuer's ability to carry out its planned course of action. (AS 2501.16 and .17) Triennially Inspected 1432 BDO Bedrijfsrevisoren - BDO Reviseurs d'Entreprises 2023 Belgium BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced system-generated data used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 116 Delap LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 The firm did not appropriately consider the characteristics of potentially fraudulent journal entries when identifying and selecting journal entries for testing and instead haphazardly selected entries for testing. (AS 2401.61) Triennially Inspected 149 Elliott Davis, LLC 2024 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 39 The issuer used information from a service organization in developing its estimate of the ACL. The firm selected for testing certain controls that used data and reports from the service organization. The firm did not (1) perform any procedures to obtain evidence regarding the service organization's controls for the year under audit or (2) identify and test any other controls over the accuracy and completeness of the data and reports used in the performance of these controls. (AS 2201.39 and .B19) Triennially Inspected 149 Elliott Davis, LLC 2024 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 B19 The issuer used information from a service organization in developing its estimate of the ACL. The firm selected for testing certain controls that used data and reports from the service organization. The firm did not (1) perform any procedures to obtain evidence regarding the service organization's controls for the year under audit or (2) identify and test any other controls over the accuracy and completeness of the data and reports used in the performance of these controls. (AS 2201.39 and .B19) Triennially Inspected 149 Elliott Davis, LLC 2024 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2301 8 The firm used certain of these data and reports in its substantive testing of the ACL but did not test or identify and test any controls over (as discussed above) the accuracy and/or completeness of these data and reports. (AS 2301.08 and .11) Triennially Inspected 149 Elliott Davis, LLC 2024 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2301 11 The firm used certain of these data and reports in its substantive testing of the ACL but did not test or identify and test any controls over (as discussed above) the accuracy and/or completeness of these data and reports. (AS 2301.08 and .11) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm selected certain revenue transactions for testing. The firm did not perform sufficient procedures to evaluate whether the issuer met its performance obligations before revenue was recognized because it limited its procedures to obtaining incident response logs and reports prepared by the issuer. (AS 2301.08 and .13) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm selected certain revenue transactions for testing. The firm did not perform sufficient procedures to evaluate whether the issuer met its performance obligations before revenue was recognized because it limited its procedures to obtaining incident response logs and reports prepared by the issuer. (AS 2301.08 and .13) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 13 The firm selected certain revenue transactions for testing. The firm did not determine whether the expectations it used in its substantive analytical procedures over revenue were based on predictable relationships. (AS 2305.13 and .14) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 14 The firm selected certain revenue transactions for testing. The firm did not determine whether the expectations it used in its substantive analytical procedures over revenue were based on predictable relationships. (AS 2305.13 and .14) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 3 AS 1105 10 The firm did not perform sufficient procedures to test or identify and test controls over the accuracy of the accounts receivable aging report it used in its substantive testing of the allowance for doubtful accounts because it used the invoice dates included in the report to recalculate the aging without performing procedures to test the accuracy of those dates. (AS 1105.10) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing controls that included the review of revenue. The firm did not evaluate the specific review procedures performed by the control owners to assess (i) that revenue was recognized in the appropriate period and (ii) the reasonableness of estimated hours to complete. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing controls that included the review of revenue. The firm did not evaluate the specific review procedures performed by the control owners to assess (i) that revenue was recognized in the appropriate period and (ii) the reasonableness of estimated hours to complete. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing a control over the review of hours incurred. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing a control over the review of hours incurred. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of certain issuer-produced information used in the operation of the above controls. (AS 2201.39) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 39 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not identify and test any controls over the identification of performance obligations in contracts determination of the transaction price and allocation of the transaction price to the identified performance obligations. (AS 2201.39) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing two controls that included the review of the presentation and disclosure of the financial statements. The firm did not evaluate the specific review procedures performed by the control owners to evaluate the reasonableness of a disclosure related to revenue. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing two controls that included the review of the presentation and disclosure of the financial statements. The firm did not evaluate the specific review procedures performed by the control owners to evaluate the reasonableness of a disclosure related to revenue. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 1105 10 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not test or (as discussed above) test controls over the accuracy and completeness of issuer-produced information used in its substantive testing. (AS 1105.10) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 10 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not perform procedures to test or identify and test controls over the accuracy and completeness of certain other issuer-produced information used in its substantive testing. (AS 1105.10) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2501 7 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not perform procedures to test disclosures related to performance obligations expected to be recognized at year end and the periods over which the issuer expects to recognize those amounts beyond obtaining issuer-produced reports. (AS 2501.07) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2501 16 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not perform procedures beyond inquiry of management to evaluate the reasonableness of significant assumptions related to estimated hours to complete. (AS 2501.16) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 10 AS 2201 39 The firm did not identify and test any controls over the existence and completeness of accounts receivable. (AS 2201.39) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 11 AS 2201 39 The firm selected for testing two controls over the review of the allowance for doubtful accounts. The firm did not identify and test controls over the accuracy and completeness of the accounts receivable aging used in the operation of these two controls beyond identifying and testing a control over the accurate aging of outstanding invoices. (AS 2201.39) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 12 AS 2201 42 The firm selected for testing two controls over the review of the allowance for doubtful accounts. With respect to the control over the accurate aging of outstanding invoices the firm did not directly test this control because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 12 AS 2201 44 The firm selected for testing two controls over the review of the allowance for doubtful accounts. With respect to the control over the accurate aging of outstanding invoices the firm did not directly test this control because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 12 AS 2201 B9 The firm selected for testing two controls over the review of the allowance for doubtful accounts. With respect to the control over the accurate aging of outstanding invoices the firm did not directly test this control because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 13 AS 2310 31 The firm sent positive confirmation requests to test accounts receivable. For certain positive confirmation requests for which it did not receive a response the firm did not perform alternative procedures that provided sufficient appropriate audit evidence to address the existence and accuracy of the accounts receivable. (AS 2310.31) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 14 AS 2401 61 The firm identified fraud criteria for journal entries. The firm did not perform sufficient procedures to test the journal entries that met the criteria because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform procedures to test that the issuer satisfied its performance obligations prior to the recognition of revenue beyond obtaining an issuer-produced report and issuer-produced data. (AS 2301.08 and .13) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform procedures to test that the issuer satisfied its performance obligations prior to the recognition of revenue beyond obtaining an issuer-produced report and issuer-produced data. (AS 2301.08 and .13) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm identified fraud criteria for journal entries. The firm did not perform sufficient procedures to test the journal entries that met the criteria because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 55 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The firm selected for testing controls over certain revenue and accounts receivable and tested the controls through the second quarter of the year under audit. The firm did not perform procedures to update the results of its testing from this interim date to year end beyond inquiry of management. (AS 2201.55) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 16 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 18 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 37 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2315 19 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2315 23 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2315 23A The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 1105 10 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced system generated information it used to test unbilled revenue and accounts receivable. (AS 1105.10) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A B Yes Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2301 8 For certain services the issuer offered discounts rebates and other concessions (collectively 'price adjustments') to customers and recognized revenue based on the gross invoiced price less any applicable price adjustments. To test revenue recognized from these services the firm selected a sample of customer invoices and agreed the net invoiced amounts to cash collections. The firm did not perform any substantive procedures to test the accuracy of the gross invoiced prices and applicable price adjustments. (AS 2301.08) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A C Yes Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Journal Entries Fraud Risk 1 AS 2401 61 The firm was instructed by the principal auditor to perform procedures to test journal entries and other adjustments to address the risk of management override of controls around the financial reporting processes at the group level. The firm identified fraud criteria to identify and select journal entries for testing and communicated the criteria to the principal auditor. The firm did not perform procedures to identify and test journal entries that met one of the criteria. (AS 2401.61) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing certain automated application controls related to revenue. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing certain automated application controls related to revenue. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 B9 The firm selected for testing certain automated application controls related to revenue. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2201 39 The firm selected for testing a control over the valuation of goodwill. The firm did not identify and test controls over the accuracy of data used in the operation of this control. (AS 2201.39) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 8 The issuer entered into certain revenue arrangements during the year. The firm did not perform procedures beyond comparisons to issuer-produced reports to test this revenue including testing the valuation of certain aspects of revenue. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 11 The issuer entered into certain revenue arrangements during the year. The firm did not perform procedures beyond comparisons to issuer-produced reports to test this revenue including testing the valuation of certain aspects of revenue. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2501 7 The issuer entered into certain revenue arrangements during the year. The firm did not perform procedures beyond comparisons to issuer-produced reports to test this revenue including testing the valuation of certain aspects of revenue. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2401 67 The issuer entered into certain revenue arrangements during the year. The firm did not evaluate the business purpose (or lack thereof) of these arrangements that appeared unusual due to their timing size or nature including whether they may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets given certain facts regarding the arrangements. (AS 2401.67) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Statement of Cash Flows 3 AS 2301 8 The firm did not perform any procedures to test the statement of cash flows. (AS 2301.08) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 8 The firm did not perform procedures to test revenue beyond tracing a sample of revenue transactions to issuer-prepared invoices. (AS 2301.08 and .11) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 11 The firm did not perform procedures to test revenue beyond tracing a sample of revenue transactions to issuer-prepared invoices. (AS 2301.08 and .11) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 9 The firm did not perform procedures to test the existence of inventory beyond comparing inventory counts from the issuer's inventory records to records from the issuer's warehouses. (AS 2510.09) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 7 The firm did not perform procedures to test the inventory reserves beyond obtaining and reading a listing of obsolete items and the approval for the write off of certain inventory. (AS 2501.07) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform procedures to test revenue beyond tracing all revenue transactions to issuer-prepared invoices and evaluating the appropriateness of the issuer's revenue recognition policy. (AS 2301.08) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2301 8 The firm did not perform procedures to evaluate the issuer's conclusion that there were no indicators of potential impairment for intangible assets even though the firm was aware such conditions existed. (AS 2301.08; AS 2810.03) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2810 3 The firm did not perform procedures to evaluate the issuer's conclusion that there were no indicators of potential impairment for intangible assets even though the firm was aware such conditions existed. (AS 2301.08; AS 2810.03) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries 3 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 42 The issuer determined the qualitative component of the ALL by applying basis points to qualitative factors. The following deficiency was identified: · The firm selected for testing a review control over the qualitative component of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the basis points applied to each qualitative factor. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 44 The issuer determined the qualitative component of the ALL by applying basis points to qualitative factors. The following deficiency was identified: · The firm selected for testing a review control over the qualitative component of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the basis points applied to each qualitative factor. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2501 16 The issuer determined the qualitative component of the ALL by applying basis points to qualitative factors. The following deficiency was identified: · The firm's approach for substantively testing the qualitative component of the ALL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions related to basis points applied to the qualitative factors. (AS 2501.16) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 3 AS 2201 42 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The firm selected for testing a review control to address the risk related to inaccurate loan risk ratings. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether the loan risk ratings reviews were occurring timely. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 3 AS 2201 44 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The firm selected for testing a review control to address the risk related to inaccurate loan risk ratings. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether the loan risk ratings reviews were occurring timely. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2301 16 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2301 18 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2301 37 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2315 19 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2315 23 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2315 23A Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 5 AS 2201 42 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The firm selected for testing a control that included the review of impaired loans. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether impaired loans were appropriately reserved including the review of support for the collateral value of the loans. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 5 AS 2201 44 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The firm selected for testing a control that included the review of impaired loans. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether impaired loans were appropriately reserved including the review of support for the collateral value of the loans. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2301 16 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2301 18 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2301 37 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2315 19 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2315 23 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2315 23A The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 7 AS 1105 A8b The issuer engaged valuation specialists to determine the fair value of the collateral for impaired loans. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions developed and used by the company's specialists. (AS 1105.A8b) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 8 AS 1105 A8a The issuer engaged valuation specialists to determine the fair value of the collateral for impaired loans. The following deficiency was identified: · The firm did not test the accuracy and completeness of certain issuer-produced data used by the company's specialists. (AS 1105.A8a) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 9 AS 1105 A8a The issuer engaged valuation specialists to determine the fair value of the collateral for impaired loans. The following deficiency was identified: · The firm did not evaluate the relevance and reliability of certain data from external sources used by the company's specialists. (AS 1105.A8a) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 2501 16 The issuer engaged valuation specialists to determine the fair value of the collateral for impaired loans. The following deficiency was identified: · The firm did not perform any procedures to evaluate whether the issuer had a reasonable basis for the significant assumptions it developed related to the adjustments the issuer made to the valuation of collateral. (AS 2501.16) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of management's reviews of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the qualitative component of the ACL. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of management's reviews of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the qualitative component of the ACL. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 39 The issuer used certain data to determine the quantitative component of the ACL. The firm did not identify and test any controls over the accuracy and/or completeness of this data. (AS 2201.39) In addition the firm used this data to substantively test the ACL. The firm did not perform any procedures to test or (as discussed above) identify and test any controls over the accuracy of this data. (AS 2301.08) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2301 8 The issuer used certain data to determine the quantitative component of the ACL. In addition the firm used this data to substantively test the ACL. The firm did not perform any procedures to test or (as discussed above) identify and test any controls over the accuracy of this data. (AS 2301.08) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2301 8 The firm did not perform any substantive procedures to test the valuation of certain investment securities including some accounted for at fair value. (AS 2301.08; AS 2501.07) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2501 7 The firm did not perform any substantive procedures to test the valuation of certain investment securities including some accounted for at fair value. (AS 2301.08; AS 2501.07) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 1 AS 1105 4 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and/or reliability of external information it used to test revenue and digital assets. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and/or reliability of external information it used to test revenue and digital assets. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 1 AS 1105 6 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and/or reliability of external information it used to test revenue and digital assets. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and/or reliability of external information it used to test revenue and digital assets. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 2 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets beyond viewing the digital asset wallets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets beyond viewing the digital asset wallets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 2 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets beyond viewing the digital asset wallets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets beyond viewing the digital asset wallets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 3 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to evaluate the presentation of digital assets as either current or non-current assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to evaluate the presentation of digital assets as either current or non-current assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 3 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to evaluate the presentation of digital assets as either current or non-current assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to evaluate the presentation of digital assets as either current or non-current assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 4 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's accounting for certain of the digital assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's accounting for certain of the digital assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 4 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's accounting for certain of the digital assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's accounting for certain of the digital assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiency was identified: · The firm did not perform sufficient procedures to test the accuracy and completeness of an issuer-prepared schedule it used to test this revenue because it limited its procedures to comparing it to a system-generated report. Further the firm did not perform sufficient procedures to test the accuracy and completeness of the system-generated report because it limited its testing to one item. (AS 1105.10) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiency was identified: · The firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of certain other issuer-prepared schedules it used to test this revenue. (AS 1105.10) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2501 16 The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of the significant assumption related to estimated labor costs to complete because it limited its procedures to inquiry and a comparison to a report that included costs incurred subsequent to year end. Further the firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of the report of costs incurred subsequent to year end. (AS 1105.10; AS 2501.16) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2301 8 The firm did not perform procedures to test the raw material costs in inventory at year end. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2301 11 The firm did not perform procedures to test the raw material costs in inventory at year end. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 1105 10 The firm did not perform procedures to test or identify and test controls over the accuracy and completeness of certain system-generated reports that it used to substantively test certain inventory. (AS 1105.10) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform procedures to evaluate whether the issuer's accounting for certain revenue as the principal rather than as an agent was appropriate beyond obtaining an issuer-prepared analysis. (AS 2301.08 and .13) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform procedures to evaluate whether the issuer's accounting for certain revenue as the principal rather than as an agent was appropriate beyond obtaining an issuer-prepared analysis. (AS 2301.08 and .13) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform sufficient procedures to test whether the issuer satisfied its performance obligations for a second type of revenue because it limited its procedures to (1) obtaining cash receipts and sales invoices and (2) sending negative confirmations to a respondent who was a related party without considering the respondent's objectivity and freedom from bias and whether the response that was received by the firm provided meaningful and appropriate evidence. (AS 2301.08 and .13; AS 2310.26 and .27) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform sufficient procedures to test whether the issuer satisfied its performance obligations for a second type of revenue because it limited its procedures to (1) obtaining cash receipts and sales invoices and (2) sending negative confirmations to a respondent who was a related party without considering the respondent's objectivity and freedom from bias and whether the response that was received by the firm provided meaningful and appropriate evidence. (AS 2301.08 and .13; AS 2310.26 and .27) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2310 26 The firm did not perform sufficient procedures to test whether the issuer satisfied its performance obligations for a second type of revenue because it limited its procedures to (1) obtaining cash receipts and sales invoices and (2) sending negative confirmations to a respondent who was a related party without considering the respondent's objectivity and freedom from bias and whether the response that was received by the firm provided meaningful and appropriate evidence. (AS 2301.08 and .13; AS 2310.26 and .27) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2310 27 The firm did not perform sufficient procedures to test whether the issuer satisfied its performance obligations for a second type of revenue because it limited its procedures to (1) obtaining cash receipts and sales invoices and (2) sending negative confirmations to a respondent who was a related party without considering the respondent's objectivity and freedom from bias and whether the response that was received by the firm provided meaningful and appropriate evidence. (AS 2301.08 and .13; AS 2310.26 and .27) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm selected a sample of transactions to test a third type of revenue. For certain of the sampled transactions the firm did not perform procedures to test the quantity used to recognize revenue beyond obtaining a system-generated report without testing or identifying and testing controls over the accuracy and completeness of the report. (AS 1105.10; AS 2301.08 and .13) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm selected a sample of transactions to test a third type of revenue. For certain of the sampled transactions the firm did not perform procedures to test the quantity used to recognize revenue beyond obtaining a system-generated report without testing or identifying and testing controls over the accuracy and completeness of the report. (AS 1105.10; AS 2301.08 and .13) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm selected a sample of transactions to test a third type of revenue. For certain of the sampled transactions the firm did not perform procedures to test the quantity used to recognize revenue beyond obtaining a system-generated report without testing or identifying and testing controls over the accuracy and completeness of the report. (AS 1105.10; AS 2301.08 and .13) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The firm did not perform procedures to evaluate the relevance and reliability of certain external information used in its substantive procedures to test certain revenue. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The firm did not perform procedures to evaluate the relevance and reliability of certain external information used in its substantive procedures to test certain revenue. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 16 In addition the firm performed a substantive analytical procedure to test this revenue. The firm developed its expectations for revenue using external data. The firm did not evaluate whether this data was sufficiently reliable for purposes of achieving its audit objective. (AS 2305.16) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 1105 4 The firm did not perform any procedures to evaluate the relevance and reliability of certain external data it used to test certain revenue. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 1105 6 The firm did not perform any procedures to evaluate the relevance and reliability of certain external data it used to test certain revenue. (AS 1105.04 and .06) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 1 AS 2201 42 The issuer used certain qualitative factors to determine the qualitative reserve component of the ACLL. The firm selected for testing a control over the issuer's review of the qualitative reserve component. The firm did not evaluate the specific review procedures that the control owner performed to (1) evaluate the reasonableness of the assumptions used to develop the qualitative reserve component and (2) test the accuracy and completeness of the data used in the operation of the control. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 1 AS 2201 44 The issuer used certain qualitative factors to determine the qualitative reserve component of the ACLL. The firm selected for testing a control over the issuer's review of the qualitative reserve component. The firm did not evaluate the specific review procedures that the control owner performed to (1) evaluate the reasonableness of the assumptions used to develop the qualitative reserve component and (2) test the accuracy and completeness of the data used in the operation of the control. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 2 AS 2501 16 The issuer used certain qualitative factors to determine the qualitative reserve component of the ACLL. The firm selected for testing a control over the issuer's review of the qualitative reserve component. The firm's approach for substantively testing the qualitative component of the ACLL was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of significant assumptions used by the issuer to develop the qualitative component of the ACLL. (AS 2501.16) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 The firm did not select journal entries and other adjustments that met its identified fraud characteristics for testing. (AS 2401.61) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 1 AS 2201 42 The firm selected for testing certain controls that consisted of the issuer's review of the ACLL. The firm did not evaluate the specific review procedures that the control owners performed to (1) evaluate the reasonableness of the assumptions used to develop the ACLL and (2) test the accuracy and completeness of the data used in the operation of these controls. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 1 AS 2201 44 The firm selected for testing certain controls that consisted of the issuer's review of the ACLL. The firm did not evaluate the specific review procedures that the control owners performed to (1) evaluate the reasonableness of the assumptions used to develop the ACLL and (2) test the accuracy and completeness of the data used in the operation of these controls. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 2 AS 2501 16 The firm's approach for substantively testing the ACLL was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of significant assumptions used by the issuer to develop the ACLL. (AS 2501.16) Triennially Inspected 655 CliftonLarsonAllen LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2501 20 The issuer engaged an external pricing service to provide security pricing for its investment securities. The firm used the pricing information from this pricing provider as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate audit evidence because it did not evaluate the relevance and reliability of the pricing information obtained from this pricing provider. (AS 2501.20 .A2 .A4 and .A5) Triennially Inspected 655 CliftonLarsonAllen LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2501 A2 The issuer engaged an external pricing service to provide security pricing for its investment securities. The firm used the pricing information from this pricing provider as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate audit evidence because it did not evaluate the relevance and reliability of the pricing information obtained from this pricing provider. (AS 2501.20 .A2 .A4 and .A5) Triennially Inspected 655 CliftonLarsonAllen LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2501 A4 The issuer engaged an external pricing service to provide security pricing for its investment securities. The firm used the pricing information from this pricing provider as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate audit evidence because it did not evaluate the relevance and reliability of the pricing information obtained from this pricing provider. (AS 2501.20 .A2 .A4 and .A5) Triennially Inspected 655 CliftonLarsonAllen LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2501 A5 The issuer engaged an external pricing service to provide security pricing for its investment securities. The firm used the pricing information from this pricing provider as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate audit evidence because it did not evaluate the relevance and reliability of the pricing information obtained from this pricing provider. (AS 2501.20 .A2 .A4 and .A5) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 1201 C6 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · For one of these expectations the firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a significant assumption it used to develop the expectation. (AS 1201.C6 and .C7; AS 2501.22) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 1201 C7 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · For one of these expectations the firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a significant assumption it used to develop the expectation. (AS 1201.C6 and .C7; AS 2501.22) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 2501 22 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · For one of these expectations the firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a significant assumption it used to develop the expectation. (AS 1201.C6 and .C7; AS 2501.22) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1201 C7 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · For the other expectation the firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's conclusion appeared to contradict the issuer's assertion that these assets were not impaired and perform additional procedures or request the auditor-employed specialist to perform additional procedures to address the issue. (AS 1201.C7) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 1201 C6 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's evaluation of events occurring after the measurement date did not provide sufficient appropriate audit evidence because it did not take into account certain changes in the issuer's circumstances and other relevant conditions during the evaluation period. (AS 1201.C6 and .C7; AS 2501.28 and .29) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 1201 C7 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's evaluation of events occurring after the measurement date did not provide sufficient appropriate audit evidence because it did not take into account certain changes in the issuer's circumstances and other relevant conditions during the evaluation period. (AS 1201.C6 and .C7; AS 2501.28 and .29) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 2501 28 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's evaluation of events occurring after the measurement date did not provide sufficient appropriate audit evidence because it did not take into account certain changes in the issuer's circumstances and other relevant conditions during the evaluation period. (AS 1201.C6 and .C7; AS 2501.28 and .29) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 2501 29 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's evaluation of events occurring after the measurement date did not provide sufficient appropriate audit evidence because it did not take into account certain changes in the issuer's circumstances and other relevant conditions during the evaluation period. (AS 1201.C6 and .C7; AS 2501.28 and .29) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 4 AS 2301 8 During the year the issuer capitalized costs associated with certain of these assets. The firm did not perform procedures to evaluate whether in conformity with relevant GAAP the issuer met certain criteria necessary to capitalize these costs beyond inquiry of management and a review of the issuer's internal plans. (AS 2301.08 and .11) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 4 AS 2301 11 During the year the issuer capitalized costs associated with certain of these assets. The firm did not perform procedures to evaluate whether in conformity with relevant GAAP the issuer met certain criteria necessary to capitalize these costs beyond inquiry of management and a review of the issuer's internal plans. (AS 2301.08 and .11) Triennially Inspected 1013 Urish Popeck & Company, LLC 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The firm did not perform procedures to evaluate the reliability of certain information it obtained from external sources that it used in its substantive procedures for certain revenue. (AS 1105.04 and .06) Triennially Inspected 1013 Urish Popeck & Company, LLC 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The firm did not perform procedures to evaluate the reliability of certain information it obtained from external sources that it used in its substantive procedures for certain revenue. (AS 1105.04 and .06) Triennially Inspected 1013 Urish Popeck & Company, LLC 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform any procedures to evaluate whether the issuer's recognition of certain revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 1013 Urish Popeck & Company, LLC 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform any procedures to evaluate whether the issuer's recognition of certain revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2023 South Korea PricewaterhouseCoopers International Limited 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record revenue. In its testing of controls over certain revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2023 South Korea PricewaterhouseCoopers International Limited 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record revenue. The firm selected for testing certain ITGCs over user access to these IT systems. Management asserted that logical access to these IT systems was controlled through a third-party hosted IT solution used by the issuer and the firm obtained and evaluated a service auditor's report from this third-party hosted IT solution. The firm did not perform procedures to verify this assertion beyond inquiry of management and therefore the firm did not establish a basis to conclude that the logical access to these IT systems was only controlled through this third-party hosted IT solution. (AS 2201.42 and .44) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2023 South Korea PricewaterhouseCoopers International Limited 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record revenue. The firm selected for testing certain ITGCs over user access to these IT systems. Management asserted that logical access to these IT systems was controlled through a third-party hosted IT solution used by the issuer and the firm obtained and evaluated a service auditor's report from this third-party hosted IT solution. The firm did not perform procedures to verify this assertion beyond inquiry of management and therefore the firm did not establish a basis to conclude that the logical access to these IT systems was only controlled through this third-party hosted IT solution. (AS 2201.42 and .44) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2023 South Korea PricewaterhouseCoopers International Limited 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm used system-generated data to substantively test certain revenue but did not test or sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2023 South Korea PricewaterhouseCoopers International Limited 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm used payment information produced by a third-party service organization used by the issuer to substantively test certain revenue but did not perform any procedures to test the accuracy and completeness of this information. (AS 2301.08) Triennially Inspected 1297 KPMG Audit Limited 2023 Bermuda KPMG International Cooperative 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Insurance-Related Liabilities 1 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 825 Financial Instruments. (AS 2810.30 and .31) Triennially Inspected 1297 KPMG Audit Limited 2023 Bermuda KPMG International Cooperative 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Insurance-Related Liabilities 1 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 825 Financial Instruments. (AS 2810.30 and .31) Triennially Inspected 1297 KPMG Audit Limited 2023 Bermuda KPMG International Cooperative 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Insurance-Related Liabilities 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to certain errors in a disclosure required by FASB ASC Topic 944 Financial Services - Insurance. (AS 2810.30 and .31) Triennially Inspected 1297 KPMG Audit Limited 2023 Bermuda KPMG International Cooperative 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Insurance-Related Liabilities 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to certain errors in a disclosure required by FASB ASC Topic 944 Financial Services - Insurance. (AS 2810.30 and .31) Triennially Inspected 2866 Accuity LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimates Significant Risk 1 AS 1105 A8a The issuer engaged a specialist to develop an estimate. The firm did not test the accuracy and completeness of issuer-produced data that the company's specialist used to develop the estimate. (AS 1105.A8a) Triennially Inspected 2866 Accuity LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimates Significant Risk 2 AS 2501 7 The firm did not perform procedures to test another estimate beyond reconciling the amount to a confirmation. (AS 2501.07) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 1 AS 2501 7 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not test the valuation of certain digital assets at year end. (AS 2501.07) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 2 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's presentation of digital assets. (AS 2301.08 and .13) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 2 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's presentation of digital assets. (AS 2301.08 and .13) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 3 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not evaluate the relevance and reliability of external data it used to test digital assets. (AS 1105.04 and .06) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 3 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not evaluate the relevance and reliability of external data it used to test digital assets. (AS 1105.04 and .06) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 4 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets to support its rights and obligations. (AS 2301.08 and .13) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 4 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets to support its rights and obligations. (AS 2301.08 and .13) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain revenue the firm did not test whether (1) a contractual arrangement was entered into with the customer (2) the issuer satisfied its performance obligations prior to the recognition of revenue (3) the issuer had rights and obligations to the customer payments and (4) the rate charged to the customer was in accordance with the terms of the arrangement. (AS 2301.08 and .13) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain revenue the firm did not test whether (1) a contractual arrangement was entered into with the customer (2) the issuer satisfied its performance obligations prior to the recognition of revenue (3) the issuer had rights and obligations to the customer payments and (4) the rate charged to the customer was in accordance with the terms of the arrangement. (AS 2301.08 and .13) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not evaluate the relevance and reliability of external data it used to test this revenue. (AS 1105.04 and .06) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not evaluate the relevance and reliability of external data it used to test this revenue. (AS 1105.04 and .06) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Income 7 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform procedures beyond obtaining a management representation letter to test other income including evaluating whether the issuer's accounting for the recognition of other income was in conformity with GAAP. (AS 2301.08)The firm did not perform procedures beyond obtaining a management representation letter to test other income including evaluating whether the issuer's accounting for the recognition of other income was in conformity with GAAP. (AS 2301.08) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 2501 7 The firm did not perform any procedures to test the fair value of certain significant accounts including consideration of contradictory information that was included in the work papers. (AS 2501.07; AS 2810.03) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 2810 3 The firm did not perform any procedures to test the fair value of certain significant accounts including consideration of contradictory information that was included in the work papers. (AS 2501.07; AS 2810.03) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 1105 A8b The issuer engaged a valuation specialist to perform its annual goodwill impairment analyses. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2501 16 The issuer engaged a valuation specialist to perform its annual goodwill impairment analyses. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 A8a The issuer engaged a valuation specialist to perform its annual goodwill impairment analyses. The firm did not perform any procedures to evaluate the relevance and reliability of external data and test the accuracy and completeness of issuer-prepared data that the company's specialist used to develop certain significant assumptions. (AS 1105.A8a) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 24 The firm's approach for testing one type of revenue included performing tests of details for a sample of transactions from one day during the year. The firm did not perform any procedures to test the population of transactions in the remaining days of the year. (AS 2315.24) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's approach for testing one type of revenue included performing tests of details for a sample of transactions from one day during the year. The firm did not perform sufficient procedures to test the transaction price for the sample of transactions because it limited its procedures to testing that the issuer received certain cash. (AS 2301.08 and .13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's approach for testing one type of revenue included performing tests of details for a sample of transactions from one day during the year. The firm did not perform sufficient procedures to test the transaction price for the sample of transactions because it limited its procedures to testing that the issuer received certain cash. (AS 2301.08 and .13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 26 The firm's approach for testing a second type of revenue included performing tests of details for a sample of transactions. The firm identified differences in its testing for certain transactions. The firm did not (1) consider the nature and cause of the differences; (2) project the differences to the remaining revenue population; and (3) evaluate the results and take appropriate action. (AS 2315.26 .27 and .28) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 27 The firm's approach for testing a second type of revenue included performing tests of details for a sample of transactions. The firm identified differences in its testing for certain transactions. The firm did not (1) consider the nature and cause of the differences; (2) project the differences to the remaining revenue population; and (3) evaluate the results and take appropriate action. (AS 2315.26 .27 and .28) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 28 The firm's approach for testing a second type of revenue included performing tests of details for a sample of transactions. The firm identified differences in its testing for certain transactions. The firm did not (1) consider the nature and cause of the differences; (2) project the differences to the remaining revenue population; and (3) evaluate the results and take appropriate action. (AS 2315.26 .27 and .28) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The firm did not perform any substantive procedures to test a third type of revenue. (AS 2301.08 and .13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The firm did not perform any substantive procedures to test a third type of revenue. (AS 2301.08 and .13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 1105 10 The firm's approach for substantively testing the allowance for doubtful accounts was to develop an independent expectation. The following deficiency was identified: · The firm did not perform procedures to test or test controls over the accuracy of certain data it used to develop its independent expectation. (AS 1105.10) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 6 AS 2501 22 The firm's approach for substantively testing the allowance for doubtful accounts was to develop an independent expectation. The following deficiency was identified: · The firm did not perform any procedures to demonstrate it had a reasonable basis for certain assumptions it developed and used in determining its independent expectation. (AS 2501.22) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 2501 26 The firm's approach for substantively testing the allowance for doubtful accounts was to develop an independent expectation. The following deficiency was identified: · The firm did not compare its independent expectation to the issuer's recorded allowance for doubtful accounts and evaluate the difference. (AS 2501.26; AS 2810.13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 2810 13 The firm's approach for substantively testing the allowance for doubtful accounts was to develop an independent expectation. The following deficiency was identified: · The firm did not compare its independent expectation to the issuer's recorded allowance for doubtful accounts and evaluate the difference. (AS 2501.26; AS 2810.13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash and Cash Equivalents Significant Risk 8 AS 2310 28 The firm sent positive confirmation requests for cash and cash equivalents balances and used an external party to receive the confirmation responses. The firm did not maintain control of the confirmation responses through direct communication with the intended recipients of the confirmation requests. (AS 2310.28) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 9 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm did not perform procedures to test or test controls over the accuracy of certain system-generated data that it used to test certain revenue. (AS 1105.10) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A10 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A4 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A5 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A6 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A7 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A8 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A9 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 2501 7 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Servicing Rights 2 AS 1105 A8a The issuer engaged a specialist to assist in determining the fair value of mortgage servicing rights. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of data from external sources that the company's specialist used. (AS 1105.A8a) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Servicing Rights 3 AS 1105 A8b The issuer engaged a specialist to assist in determining the fair value of mortgage servicing rights. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 430 Coulter & Justus, P.C. 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 1105 4 The firm sent a positive confirmation request to the issuer's investment custodian which was returned by the issuer's recordkeeper. The firm did not evaluate the relevance and reliability of the confirmation response and whether alternative procedures were necessary because the confirmation was not obtained from the intended recipient. (AS 1105.04 and .06; AS 2310.31) Triennially Inspected 430 Coulter & Justus, P.C. 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 1105 6 The firm sent a positive confirmation request to the issuer's investment custodian which was returned by the issuer's recordkeeper. The firm did not evaluate the relevance and reliability of the confirmation response and whether alternative procedures were necessary because the confirmation was not obtained from the intended recipient. (AS 1105.04 and .06; AS 2310.31) Triennially Inspected 430 Coulter & Justus, P.C. 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2310 31 The firm sent a positive confirmation request to the issuer's investment custodian which was returned by the issuer's recordkeeper. The firm did not evaluate the relevance and reliability of the confirmation response and whether alternative procedures were necessary because the confirmation was not obtained from the intended recipient. (AS 1105.04 and .06; AS 2310.31) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized revenue from multiple sources through its subsidiaries. To test revenue from two subsidiaries the firm selected revenue transactions for testing. The following deficiency was identified related to these subsidiaries: · The firm did not perform any procedures to evaluate whether (1) multiple contracts entered into at or near the same time with the same customer should be accounted for as a single contract and (2) costs associated with certain contracts were appropriately recorded as a reduction of revenue. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized revenue from multiple sources through its subsidiaries. To test revenue from two subsidiaries the firm selected revenue transactions for testing. The following deficiency was identified related to these subsidiaries: · The firm did not perform any procedures to evaluate whether (1) multiple contracts entered into at or near the same time with the same customer should be accounted for as a single contract and (2) costs associated with certain contracts were appropriately recorded as a reduction of revenue. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized revenue from multiple sources through its subsidiaries. To test revenue from two subsidiaries the firm selected revenue transactions for testing. The following deficiency was identified related to these subsidiaries: · The firm did not perform procedures to evaluate whether all performance obligations were appropriately identified beyond obtaining and reading an issuer-prepared memo related to revenue recognition policies. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized revenue from multiple sources through its subsidiaries. To test revenue from two subsidiaries the firm selected revenue transactions for testing. The following deficiency was identified related to these subsidiaries: · The firm did not perform procedures to evaluate whether all performance obligations were appropriately identified beyond obtaining and reading an issuer-prepared memo related to revenue recognition policies. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain revenue disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain revenue disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 16 The issuer identified indicators of impairment for certain intangible assets and estimated undiscounted cash flows to assess the recoverability of those intangible assets. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions including taking into account the issuer's intent and ability to carry out those assumptions. (AS 2501.16 and .17) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 17 The issuer identified indicators of impairment for certain intangible assets and estimated undiscounted cash flows to assess the recoverability of those intangible assets. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions including taking into account the issuer's intent and ability to carry out those assumptions. (AS 2501.16 and .17) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 5 AS 1105 10 The issuer identified indicators of impairment for certain intangible assets and estimated undiscounted cash flows to assess the recoverability of those intangible assets. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced data and reports it used in developing an independent expectation of another significant assumption. (AS 1105.10) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 6 AS 2501 16 The issuer identified indicators of impairment for certain intangible assets and estimated undiscounted cash flows to assess the recoverability of those intangible assets. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain other significant assumptions beyond comparing prior year issuer forecasted amounts to prior year actual amounts. (AS 2501.16) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 The issuer recognized revenue from multiple sources. The firm did not identify and evaluate a departure from GAAP related to (1) the issuer's omission of a revenue-related disclosure required by FASB ASC Topic 280 Segment Reporting and (2) the issuer's inaccurate disclosure regarding the amount of a certain type of revenue. (AS 2810.30 and .31) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 31 The issuer recognized revenue from multiple sources. The firm did not identify and evaluate a departure from GAAP related to (1) the issuer's omission of a revenue-related disclosure required by FASB ASC Topic 280 Segment Reporting and (2) the issuer's inaccurate disclosure regarding the amount of a certain type of revenue. (AS 2810.30 and .31) Triennially Inspected 759 Seligson & Giannattasio CPAs PC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain required disclosures related to FASB ASC Topic 606 Revenue from Contracts with Customers and FASB ASC Topic 842 Leases. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its revenue and lease disclosures and determined certain disclosures were omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Triennially Inspected 759 Seligson & Giannattasio CPAs PC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2810 30 The firm's internal inspection program had inspected this audit and reviewed Revenue but did not identify the deficiency below. The firm did not identify and evaluate the issuer's omission of certain required disclosures related to FASB ASC Topic 606 Revenue from Contracts with Customers and FASB ASC Topic 842 Leases. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its revenue and lease disclosures and determined certain disclosures were omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Triennially Inspected 759 Seligson & Giannattasio CPAs PC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain required disclosures related to FASB ASC Topic 606 Revenue from Contracts with Customers and FASB ASC Topic 842 Leases. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its revenue and lease disclosures and determined certain disclosures were omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Triennially Inspected 759 Seligson & Giannattasio CPAs PC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2810 31 The firm's internal inspection program had inspected this audit and reviewed Revenue but did not identify the deficiency below. The firm did not identify and evaluate the issuer's omission of certain required disclosures related to FASB ASC Topic 606 Revenue from Contracts with Customers and FASB ASC Topic 842 Leases. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its revenue and lease disclosures and determined certain disclosures were omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review and approval of certain studies performed to assess the reasonableness of the assumptions used by the issuer to determine a quantitative reserve component of the ACL. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 44 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review and approval of certain studies performed to assess the reasonableness of the assumptions used by the issuer to determine a quantitative reserve component of the ACL. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 42 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing two controls that consisted of management's review and approval of the models used by the issuer and the issuer's calculation of a complementary reserve component of the ACL. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of a post-model adjustment included in this component of the ACL. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 44 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing two controls that consisted of management's review and approval of the models used by the issuer and the issuer's calculation of a complementary reserve component of the ACL. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of a post-model adjustment included in this component of the ACL. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 39 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's monitoring of customers' financial condition through the use of a color-coded monitoring system to identify economic groups that experienced a decline in credit quality. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of this control. (AS 2201.39) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 42 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's monitoring of customers' financial condition through the use of a color-coded monitoring system to identify economic groups that experienced a decline in credit quality. The firm did not evaluate the specific review procedures that the control owner performed to identify economic groups which experienced a decline in credit quality. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 44 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's monitoring of customers' financial condition through the use of a color-coded monitoring system to identify economic groups that experienced a decline in credit quality. The firm did not evaluate the specific review procedures that the control owner performed to identify economic groups which experienced a decline in credit quality. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 42 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review and approval of the economic risk ratings used by the issuer to determine the quantitative component of the ACL. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these economic risk ratings. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 44 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review and approval of the economic risk ratings used by the issuer to determine the quantitative component of the ACL. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these economic risk ratings. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 6 AS 2201 39 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm did not identify and test any controls over the valuation of assets collateralizing certain loans. (AS 2201.39) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 7 AS 2501 10 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm did not evaluate whether the method used by the issuer in certain models to determine a complementary reserve component of the ACL was in conformity with the requirements of IFRS. (AS 2501.10) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 8 AS 2501 16 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm did not evaluate the reasonableness of the significant assumptions used by the issuer in these models. (AS 2501.16) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 2501 16 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions used by the issuer to determine the quantitative component of the ACL beyond for one such assumption consisting of loan risk ratings testing the mathematical accuracy of certain inputs for a sample of the issuer's risk rating models. (AS 2501.16) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm selected for testing two controls over revenue that consisted of (1) management's review of information related to order entry shipping invoicing and accounts receivable and (2) the issuer's performance of a gross to net revenue analysis. The firm did not identify and test any controls over the accuracy and completeness of certain reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm selected for testing two controls over revenue that consisted of (1) management's review of information related to order entry shipping invoicing and accounts receivable and (2) the issuer's performance of a gross to net revenue analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm selected for testing two controls over revenue that consisted of (1) management's review of information related to order entry shipping invoicing and accounts receivable and (2) the issuer's performance of a gross to net revenue analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm selected for testing a control over inventory that consisted of management's review of standard versus actual costs used by the issuer to record inventory. The firm did not identify and test any controls over the accuracy and completeness of a report used in the operation of this control. (AS 2201.39) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A C Yes ICFR audit only Audits with a single deficiency Allowance for Doubtful Accounts 1 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The firm selected for testing a control over accounts receivable that consisted of management's review and approval of the allowance for doubtful accounts. The firm did not identify and test any controls over the accuracy and completeness of certain system-generated data used in the operation of this control. (AS 2201.39) Triennially Inspected 1419 Ohrlings PricewaterhouseCoopers AB 2023 Sweden PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing a control that consisted of management's review of the recognition of certain revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1419 Ohrlings PricewaterhouseCoopers AB 2023 Sweden PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of the recognition of certain revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1419 Ohrlings PricewaterhouseCoopers AB 2023 Sweden PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The firm selected for testing a control that consisted of management's review of the recognition of certain revenue. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report that control owners used in the operation of this control and certain other controls that were selected for testing related to revenue. (AS 2201.39) Triennially Inspected 1419 Ohrlings PricewaterhouseCoopers AB 2023 Sweden PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm used a system-generated report to substantively test certain revenue but did not test or (as discussed above) test controls over the accuracy and completeness of this report. (AS 1105.10) Triennially Inspected 1419 Ohrlings PricewaterhouseCoopers AB 2023 Sweden PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The firm did not perform any substantive procedures to address an identified fraud risk related to revenue. (AS 2301.13) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 1 AS 2201 39 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm selected for testing controls over certain revenue and related accounts receivable that consisted of (1) the issuer's performance of consistency checks between its systems that track the delivery of services and other systems where sales orders are manually entered as received and (2) management's review of the exception reports produced from these checks that reflect anomalies in the data between the various systems. The firm did not identify and test any controls over the accuracy and completeness of the exception reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm selected for testing controls over certain revenue and related accounts receivable that consisted of (1) the issuer's performance of consistency checks between its systems that track the delivery of services and other systems where sales orders are manually entered as received and (2) management's review of the exception reports produced from these checks that reflect anomalies in the data between the various systems. The firm did not identify and test any controls over the accuracy and completeness of the exception reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm did not identify and test any controls over the occurrence of certain revenue. (AS 2201.39) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm did not perform any substantive procedures to test the occurrence of certain revenue. AS 2301.08) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2301 16 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2301 18 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 18 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2301 37 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 37 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2315 19 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2315 23 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2315 23A The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2743 PricewaterhouseCoopers Japan LLC 2023 Japan PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For certain revenue the customer purchase order information is transferred from customers to the issuer's enterprise resource planning system (ERPS) through a service organization. For certain other revenue customer purchase order and shipment information are aggregated by other service organizations and transferred to the issuer's ERPS. The following deficiency was identified: · The firm selected for testing certain controls over revenue that consisted of the issuer's (1) review of certain information transmitted from one of the service organizations to its ERPS and (2) reconciliation of information transmitted from another service organization to its ERPS. The firm did not identify and test any controls over the accuracy and/or completeness of certain information used in the operation of these controls. (AS 2201.39) Triennially Inspected 2743 PricewaterhouseCoopers Japan LLC 2023 Japan PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 For certain revenue the customer purchase order information is transferred from customers to the issuer's enterprise resource planning system (ERPS) through a service organization. For certain other revenue customer purchase order and shipment information are aggregated by other service organizations and transferred to the issuer's ERPS. The following deficiency was identified: · The firm did not perform any procedures to test the accuracy and completeness of certain information provided by the service organizations used in its substantive testing of revenue. (AS 2301.08) Triennially Inspected 2743 PricewaterhouseCoopers Japan LLC 2023 Japan PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm selected for testing certain controls over inventory that consisted of the issuer's (1) review of order shipment status (2) review of inventory quantities between the issuer's ERPS and various other systems (3) performance of physical inventory counts and (4) review and approval of inventory adjustments unrelated to the physical inventory counts. The firm did not identify and test any controls over the completeness and/or accuracy of certain data used in the operation of these controls. (AS 2201.39) Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 1105 4 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to test the relevance and reliability of the external data because it limited its procedures to (1) confirming the data with two of the external sources and (2) verifying that certain information was appropriately captured by certain of the external sources. (AS 1105.04 and.06) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to test the relevance and reliability of the external data because it limited its procedures to (1) confirming the data with two of the external sources and (2) verifying that certain information was appropriately captured by certain of the external sources. (AS 1105.04 and.06) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 1105 6 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to test the relevance and reliability of the external data because it limited its procedures to (1) confirming the data with two of the external sources and (2) verifying that certain information was appropriately captured by certain of the external sources. (AS 1105.04 and.06) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to test the relevance and reliability of the external data because it limited its procedures to (1) confirming the data with two of the external sources and (2) verifying that certain information was appropriately captured by certain of the external sources. (AS 1105.04 and.06) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 2 AS 2301 8 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform any procedures to test certain revenue transactions selected for testing. (AS 2301.08) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform any procedures to test certain revenue transactions selected for testing. (AS 2301.08) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2310 31 To test the existence of accounts receivable the firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable as of either an interim date or year-end. To extend its conclusions from the interim date to year-end the firm tested the respective customer's year-end account balances by agreeing subsequent cash collections from those customers to the issuer's bank statements. The following deficiency was identified: · For positive confirmation requests for which the firm did not receive a response the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the receivables were accurate as of the confirmation date. (AS 2310.31) Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2301 45 To test the existence of accounts receivable the firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable as of either an interim date or year-end. To extend its conclusions from the interim date to year-end the firm tested the respective customer's year-end account balances by agreeing subsequent cash collections from those customers to the issuer's bank statements. The following deficiency was identified: · The firm did not perform sufficient procedures to extend its conclusions from the interim date to year-end because it did not perform any procedures to (1) evaluate whether the subsequent cash collections tested related to the customers' year-end account balances and (2) test any uncollected portion of the customers' year-end account balances. (AS 2301.45) Triennially Inspected 3707 R&A CPAs PLLC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of certain external data it used to test the fair value of certain investments. (AS 1105.04 and .06) Triennially Inspected 3707 R&A CPAs PLLC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of certain external data it used to test the fair value of certain investments. (AS 1105.04 and .06) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt Significant Risk 2 AS 1105 27 To test certain debt the firm selected transactions exceeding a monetary threshold. The firm did not perform procedures to test the remaining population of transactions. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt Significant Risk 2 AS 2301 8 To test certain debt the firm selected transactions exceeding a monetary threshold. The firm did not perform procedures to test the remaining population of transactions. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt Significant Risk 2 AS 2301 11 To test certain debt the firm selected transactions exceeding a monetary threshold. The firm did not perform procedures to test the remaining population of transactions. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt Significant Risk 3 AS 1105 10 The firm did not perform procedures to test or identify and test any controls over the accuracy of certain issuer-produced data it used in its substantive procedures. (AS 1105.10) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 1105 A10 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 1105 A6 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 1105 A7 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 1105 A8 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 1105 A9 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 2501 7 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 61 The firm did not consider the characteristics of potentially fraudulent journal entries when identifying and selecting journal entries for testing. Further the firm did not examine the underlying support for the journal entries selected for testing. (AS 2401.61) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2501 16 The issuer reported intangible assets at several reporting units and evaluated them for impairment using undiscounted cash flow analyses. The firm's approach to test the issuer's impairment analyses was to test the issuer's process and develop an independent expectation of the undiscounted cash flows for each reporting unit. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used by the issuer to develop its undiscounted cash flows because it limited its procedures to evaluating the consistency of the assumptions with historical experience. (AS 2501.16) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 2501 22 The issuer reported intangible assets at several reporting units and evaluated them for impairment using undiscounted cash flow analyses. The firm's approach to test the issuer's impairment analyses was to test the issuer's process and develop an independent expectation of the undiscounted cash flows for each reporting unit. The following deficiency was identified: · The firm did not perform any procedures to demonstrate it had a reasonable basis for certain assumptions it developed and used to determine its independent expectations. (AS 2501.22) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2501 10 The issuer reported intangible assets at several reporting units and evaluated them for impairment using undiscounted cash flow analyses. The firm's approach to test the issuer's impairment analyses was to test the issuer's process and develop an independent expectation of the undiscounted cash flows for each reporting unit. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the method used by the issuer to develop the impairment analyses was in conformity with FASB ASC Topic 360 Property Plant and Equipment because it did not evaluate whether the carrying values of the reporting unit used by the issuer in its impairment analyses were consistent with the carrying values of the asset group as defined in FASB ASC Topic 360. (AS 2501.10) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 The firm did not consider the characteristics of potentially fraudulent journal2501 entries when identifying and selecting journal entries for testing. Further the firm did not examine the underlying support for the journal entries selected for testing. (AS 2401.61) Triennially Inspected 1173 Dale Matheson Carr-Hilton LaBonte LLP 2023 Canada 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 2501 21 The firm's approach for substantively testing the issuer's impairment analyses for certain long-lived assets was to develop independent expectations. The firm did not sufficiently take into account the requirements of certain elements of the applicable financial framework because it did not take into account certain factors relevant to the estimates in developing its expectations. (AS 2501.21) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain IT system data used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The following deficiency was identified: · The firm did not perform sufficient procedures to test the occurrence of certain revenue because the firm did not perform any procedures to test whether the performance obligations had been met prior to the recognition of the revenue. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The following deficiency was identified: · The firm did not perform sufficient procedures to test the occurrence of certain revenue because the firm did not perform any procedures to test whether the performance obligations had been met prior to the recognition of the revenue. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer recognized certain revenue in conformity with IFRS 15 Revenue from Contracts with Customers because the firm limited its procedures to revenue recognized from a single customer and did not perform any procedures to evaluate the issuer's recognition of revenue from the remaining customers. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer recognized certain revenue in conformity with IFRS 15 Revenue from Contracts with Customers because the firm limited its procedures to revenue recognized from a single customer and did not perform any procedures to evaluate the issuer's recognition of revenue from the remaining customers. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The following deficiency was identified: · The firm did not perform any procedures to evaluate the sufficiency of the issuer's disclosures regarding certain of its revenue recognition policies. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The following deficiency was identified: · The firm did not perform any procedures to evaluate the sufficiency of the issuer's disclosures regarding certain of its revenue recognition policies. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 5 AS 2310 26 To test cash the firm's substantive procedures included confirmation procedures in which confirmation requests were sent electronically to email addresses provided by the issuer. The following deficiency was identified: · The firm did not perform procedures to determine whether the confirmation requests were directed to third parties who were knowledgeable about the information to be confirmed. (AS 2310.26) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 6 AS 2310 29 To test cash the firm's substantive procedures included confirmation procedures in which confirmation requests were sent electronically to email addresses provided by the issuer. The following deficiency was identified: · The firm received electronic responses to four of the five confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source of the confirmation responses. (AS 2310.29) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of a billing workbook to ensure that the calculations and billing details were accurate. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report and the accuracy of certain other data used in the operation of this control. (AS 2201.39) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of a billing workbook to ensure that the calculations and billing details were accurate. The firm did not evaluate the specific review procedures that the control owner performed to identify billing changes for review. (AS 2201.42 and .44) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of a billing workbook to ensure that the calculations and billing details were accurate. The firm did not evaluate the specific review procedures that the control owner performed to identify billing changes for review. (AS 2201.42 and .44) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 42 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing another control that consisted of management's review of the revenue fluctuations and related explanations in the billing workbook. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the accuracy and completeness of the revenue data used in the operation of this control. (AS 2201.42 and .44) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 44 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing another control that consisted of management's review of the revenue fluctuations and related explanations in the billing workbook. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the revenue fluctuations and determine whether the explanations for the fluctuations supported the accuracy of the revenue calculations (AS 2201.44). Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 44 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing another control that consisted of management's review of the revenue fluctuations and related explanations in the billing workbook. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the accuracy and completeness of the revenue data used in the operation of this control. (AS 2201.42 and .44) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2310 28 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm's approach for testing revenue included sending confirmation requests to a sample of the issuer's customers. The issuer electronically sent the confirmation requests to the customers on behalf of the firm and the firm received the responses to the confirmation requests electronically. The firm did not maintain control over the confirmation requests through direct communication with the intended recipients of the confirmation requests. (AS 2310.28) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2310 29 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm's approach for testing revenue included sending confirmation requests to a sample of the issuer's customers. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 1 AS 2201 39 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not identify and test any controls over the completeness of the assets included in the issuer's components and CGUs. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 2 AS 2201 39 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not identify and test any controls over the (1) accuracy and completeness of the data produced by the issuer (2) relevance and reliability of information obtained from external sources (3) reasonableness of certain significant assumptions and (4) appropriateness of the methods used by the company's specialists to develop their assumptions. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 3 AS 2201 42 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm selected for testing a control that included the issuer's review of its components and CGUs for indicators of potential impairment including a review of the composition of the components and CGUs. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) whether the occurrence of certain events represented indicators of potential impairment and (2) the composition of the components and CGUs to determine whether they represented the smallest identifiable group of assets that generated independent cash inflows. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 3 AS 2201 44 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm selected for testing a control that included the issuer's review of its components and CGUs for indicators of potential impairment including a review of the composition of the components and CGUs. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) whether the occurrence of certain events represented indicators of potential impairment and (2) the composition of the components and CGUs to determine whether they represented the smallest identifiable group of assets that generated independent cash inflows. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 4 AS 2501 10 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not sufficiently evaluate whether the method the issuer used to perform its impairment analyses was in conformity with the applicable financial reporting framework including the requirements of International Accounting Standard 36 Impairment of Assets because the firm did not evaluate whether the issuer's components and CGUs represented the smallest identifiable group of assets that generated independent cash inflows. (AS 2501.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 5 AS 2301 8 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not evaluate whether certain events that occurred during the year were identified and evaluated by the issuer as indicators of potential impairment. (AS 2301.08) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 6 AS 2501 16 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed (and used) by the issuer to estimate the VIU of one CGU because it limited its procedures to comparing the assumption to historical results and did not evaluate significant differences between the assumption and historical results. (AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 7 AS 2501 16 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed (and used) by the issuer to estimate the VIU of another CGU because it did not take into account beyond inquiry of management the issuer's ability to carry out its intended courses of action. (AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A1 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A10 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A2 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A3 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A4 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A5 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A6 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A7 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A8 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A9 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 2501 16 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 9 AS 2101 11 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. The firm excluded depreciation expense from the scope of its financial statement and ICFR audits for certain of the issuer's components but did not evaluate whether (1) specific risks of material misstatement existed at these components and (2) the risks of material misstatement the firm identified for the components subject to audit procedures also applied to these components such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.610) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 9 AS 2101 12 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. The firm excluded depreciation expense from the scope of its financial statement and ICFR audits for certain of the issuer's components but did not evaluate whether (1) specific risks of material misstatement existed at these components and (2) the risks of material misstatement the firm identified for the components subject to audit procedures also applied to these components such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.610) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 9 AS 2201 B10 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. The firm excluded depreciation expense from the scope of its financial statement and ICFR audits for certain of the issuer's components but did not evaluate whether (1) specific risks of material misstatement existed at these components and (2) the risks of material misstatement the firm identified for the components subject to audit procedures also applied to these components such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.B10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 10 AS 2201 39 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a straight-line basis at in-scope components the following deficiency was identified: · The firm did not identify and test any controls over the reasonableness of significant assumptions the issuer used to determine the useful lives of certain PP&E. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 11 AS 2501 16 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a straight-line basis at in-scope components the following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of significant assumptions the issuer used to determine the useful lives of certain PP&E. (AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 12 AS 2201 39 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not identify and test any controls over the (1) accuracy and completeness of the data produced by the issuer (2) relevance and reliability of information obtained from external sources (3) reasonableness of certain assumptions and (4) appropriateness of the methods used by the company's specialists to develop their assumptions. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A1 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A10 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A2 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A3 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A4 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A5 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A6 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A7 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A8 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A9 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 2501 7 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 14 AS 1105 10 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. The firm did not perform procedures to test or (as discussed above) test any controls over the accuracy and completeness of the data produced by the issuer that was used to compute this depreciation expense. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 15 AS 2201 39 For certain accruals and other liabilities the following deficiency was identified: · The firm did not identify and test any controls over the completeness or valuation of certain accruals and other liabilities. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 16 AS 2501 7 For certain accruals and other liabilities the following deficiency was identified: · The firm did not perform any substantive procedures to test the valuation of certain other liabilities. (AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 17 AS 2201 42 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm selected for testing two controls that consisted of the issuer's (1) review of this other liability and (2) comparison of the recorded liability to the reports prepared by the company's specialists. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 17 AS 2201 44 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm selected for testing two controls that consisted of the issuer's (1) review of this other liability and (2) comparison of the recorded liability to the reports prepared by the company's specialists. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 17 AS 2301 8 For certain accruals and other liabilities the following deficiency was identified: · The firm did not perform sufficient substantive procedures to test the completeness and valuation of certain accrued liabilities because its procedures were limited to reviewing a sample of vendor invoices paid subsequent to year end. (AS 2301.08; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 17 AS 2501 7 For certain accruals and other liabilities the following deficiency was identified: · The firm did not perform sufficient substantive procedures to test the completeness and valuation of certain accrued liabilities because its procedures were limited to reviewing a sample of vendor invoices paid subsequent to year end. (AS 2301.08; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 18 AS 2201 39 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not identify and test any controls over the (1) data produced by the issuer (2) relevance and reliability of information obtained from external sources (3) reasonableness of certain assumptions used by the company's specialists to prepare their reports that were used to estimate the other liability and (4) appropriateness of the methods used by the company's specialists. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A1 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A10 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A2 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A3 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A4 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A5 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A6 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A7 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A8 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A9 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The firm selected for testing certain automated controls over this revenue and deferred revenue that consisted of the configuration of the IT systems to automatically perform certain functions based on pre-established parameters and the firm used a 'test of one' approach to test these controls. The firm's testing of these automated controls using a sample of only one instance of each processing alternative was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The firm selected for testing certain automated controls over this revenue and deferred revenue that consisted of the configuration of the IT systems to automatically perform certain functions based on pre-established parameters and the firm used a 'test of one' approach to test these controls. The firm's testing of these automated controls using a sample of only one instance of each processing alternative was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · As a result of the deficiencies in the firm's testing of the automated controls described above the firm's testing of certain IT-dependent manual controls was not sufficient because those manual controls relied on the effectiveness of these automated controls. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · As a result of the deficiencies in the firm's testing of the automated controls described above the firm's testing of certain IT-dependent manual controls was not sufficient because those manual controls relied on the effectiveness of these automated controls. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 16 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 18 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 37 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 19 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 23 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 23A The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 8 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The firm did not perform procedures to evaluate the appropriateness of the method used by the issuer to recognize certain revenue. (AS 2301.08) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The firm did not perform procedures to evaluate the appropriateness of the method used by the issuer to recognize certain revenue. (AS 2301.08) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 5 AS 2201 42 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: · The firm selected for testing controls that consisted of management's review of the (1) validity and enforceability of new contractual arrangements with VIEs and their shareholders and (2) legal opinion prepared by the company's specialist which described uncertainties regarding the interpretation and application of current laws regulations and rules related to the structure of the VIEs. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the effect of the uncertainties described in the legal opinion prepared by the company's specialist on the issuer's ability to consolidate the VIEs. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 5 AS 2201 44 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: · The firm selected for testing controls that consisted of management's review of the (1) validity and enforceability of new contractual arrangements with VIEs and their shareholders and (2) legal opinion prepared by the company's specialist which described uncertainties regarding the interpretation and application of current laws regulations and rules related to the structure of the VIEs. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the effect of the uncertainties described in the legal opinion prepared by the company's specialist on the issuer's ability to consolidate the VIEs. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 6 AS 1105 A10 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: · The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not (1) evaluate the nature of the uncertainties described in the legal opinion prepared by the company's specialist and (2) perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 6 AS 1105 A9 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: · The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not (1) evaluate the nature of the uncertainties described in the legal opinion prepared by the company's specialist and (2) perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 7 AS 1105 10 The firm selected for testing a control that included the issuer's review and approval of the pricing used in related party transactions. The firm did not perform procedures to test or test any controls over the completeness of a system-generated report from which it made its selections to test this control. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. The firm selected for testing various change management controls over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The issuer used certain other IT systems in the performance of these change management controls ('change management systems') and the firm made its selections for testing the change management controls from reports that were generated from the change management systems subsequent to year end. The firm did not perform sufficient procedures to test the completeness of the system-generated reports from which it made its selections for testing because the firm's use of the change management systems as the source of the population of changes relied on the automated functionality of those systems and the firm did not evaluate whether changes were made to the change management systems during the period from year end to the date of testing. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. The firm selected for testing various change management controls over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The issuer used certain other IT systems in the performance of these change management controls ('change management systems') and the firm made its selections for testing the change management controls from reports that were generated from the change management systems subsequent to year end. The firm did not perform sufficient procedures to test the completeness of the system-generated reports from which it made its selections for testing because the firm's use of the change management systems as the source of the population of changes relied on the automated functionality of those systems and the firm did not evaluate whether changes were made to the change management systems during the period from year end to the date of testing. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 2 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. The firm selected for testing various change management controls over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The issuer used certain other IT systems in the performance of these change management controls ('change management systems') and the firm made its selections for testing the change management controls from reports that were generated from the change management systems subsequent to year end. The firm did not perform sufficient procedures to test the completeness of the system-generated reports from which it made its selections for testing because the firm's use of the change management systems as the source of the population of changes relied on the automated functionality of those systems and the firm did not evaluate whether changes were made to the change management systems during the period from year end to the date of testing. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. The firm selected for testing various change management controls over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The issuer used certain other IT systems in the performance of these change management controls ('change management systems') and the firm made its selections for testing the change management controls from reports that were generated from the change management systems subsequent to year end. The firm did not perform sufficient procedures to test the completeness of the system-generated reports from which it made its selections for testing because the firm's use of the change management systems as the source of the population of changes relied on the automated functionality of those systems and the firm did not evaluate whether changes were made to the change management systems during the period from year end to the date of testing. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test revenue receivables deferred revenue and inventory but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test revenue receivables deferred revenue and inventory but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 3 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test revenue receivables deferred revenue and inventory but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test revenue receivables deferred revenue and inventory but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 16 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 16 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2301 16 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 18 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 18 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2301 18 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 18 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 37 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 37 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2301 37 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 37 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 19 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 19 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2315 19 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 23 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2315 23 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 23A The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23A The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2315 23A The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 61 The firm identified fraud criteria for journal entries and obtained system-generated reports from which it made its selections for testing. The system-generated reports provided by the issuer omitted key information necessary for the firm to make its selections based on certain of the identified fraud criteria. The firm did not perform procedures to evaluate the impact of the omitted information on its ability to identify and select journal entries for testing that met certain of the identified fraud criteria. (AS 2401.61) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The firm selected for testing certain automated controls that consisted of the configuration of various IT systems to automatically process and record certain revenue. The firm did not identify and test any controls over the accuracy of the order information included in the source systems that were used in the operation of these controls. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy of the order information used to calculate and record certain other revenue. (AS 2201.39). Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The firm did not perform procedures to test or (as discussed above) sufficiently test controls over the accuracy of the order information used in its substantive testing of certain revenue. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The firm did not perform sufficient substantive procedures to test the allocation of certain other revenue because it did not perform any procedures to test the accuracy of the order information used to calculate and record the revenue. (AS 2301.08) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 16 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 18 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 37 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 19 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23A The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The firm selected for testing certain automated controls over inventory that consisted of the configuration of the IT systems to automatically process and record inventory-related transactions and the firm used a 'test of one' approach to test these controls. The firm's testing of these automated controls using a sample of only one instance of the controls' operation was not sufficient because the firm did not test the programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The firm selected for testing certain manual controls over inventory that consisted of the issuer's (1) approval of purchase orders and (2) review and confirmation of vendor balances. The firm did not identify and test any controls over the completeness of certain system-generated reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 16 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 18 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 37 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 19 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23A The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A F Yes ICFR audit only Audits with multiple deficiencies Accruals and Other Liabilities 1 AS 1105 10 The principal auditor instructed the firm to test the design and operating effectiveness of certain controls related to accruals and other liabilities. The following deficiency was identified: · The firm was instructed to use the work of the issuer's internal auditors as evidence regarding the operating effectiveness of a control that consisted of the issuer's review and approval of purchase orders. The firm did not identify that the internal auditors had not sufficiently tested the completeness of the system-generated reports from which they made their selections to test this control and the firm did not perform procedures to test or test any controls over the completeness of those reports. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A F Yes ICFR audit only Audits with multiple deficiencies Accruals and Other Liabilities 2 AS 2201 39 The principal auditor instructed the firm to test the design and operating effectiveness of certain controls related to accruals and other liabilities. The following deficiency was identified: · The firm was instructed to independently test another control that consisted of the issuer's review and approval of journal entries for the accrual of open purchase orders. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Variable Interest Entities 1 AS 1105 A10 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not (1) evaluate the nature of uncertainties described in the legal opinion prepared by the company's specialist and (2) perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Variable Interest Entities 1 AS 1105 A9 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not (1) evaluate the nature of uncertainties described in the legal opinion prepared by the company's specialist and (2) perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 3723 FORVIS MAZARS AUDIT S.A.S. BENEFICIO E INTERES COLECTIVO - BIC 2023 Colombia 2024-08-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Journal Entries 1 AS 2401 61 The firm was instructed by the principal auditor to select for testing journal entries that met certain specified criteria. The following deficiency was identified: · The firm did not perform procedures to identify journal entries that met one of the criteria. (AS 2401.61) Triennially Inspected 3723 FORVIS MAZARS AUDIT S.A.S. BENEFICIO E INTERES COLECTIVO - BIC 2023 Colombia 2024-08-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Journal Entries 2 AS 2401 61 The firm was instructed by the principal auditor to select for testing journal entries that met certain specified criteria. The following deficiency was identified: · The firm did not perform sufficient procedures to identify journal entries that met the remaining criteria because it limited its selection to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 3723 FORVIS MAZARS AUDIT S.A.S. BENEFICIO E INTERES COLECTIVO - BIC 2023 Colombia 2024-08-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Journal Entries 3 AS 2401 61 The firm was instructed by the principal auditor to select for testing journal entries that met certain specified criteria. The following deficiency was identified: · The firm did not perform procedures to test the journal entries identified and selected for testing. (AS 2401.61) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm selected a sample of transactions to test certain revenue. For certain of the sampled transactions the firm did not perform procedures to evaluate whether (1) the issuer met its performance obligations before revenue was recognized and (2) the transaction prices used to recognize revenue were appropriate. (AS 2301.08 and .13) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm selected a sample of transactions to test certain revenue. For certain of the sampled transactions the firm did not perform procedures to evaluate whether (1) the issuer met its performance obligations before revenue was recognized and (2) the transaction prices used to recognize revenue were appropriate. (AS 2301.08 and .13) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 1105 27 The issuer held inventory at multiple locations. Inventory counts were performed subsequent to year end for each location. The firm obtained an issuer-prepared inventory roll-back analysis to perform tests of intervening transactions. The following deficiency was identified: · To test the completeness of intervening transactions related to inventory purchases for certain inventory the firm selected inventory purchases from bank statements and certain general ledger accounts that exceeded certain monetary thresholds. The firm did not perform any procedures to address the risk related to the completeness of inventory purchases below those thresholds. (AS 1105.27; AS 2510.12) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 12 The issuer held inventory at multiple locations. Inventory counts were performed subsequent to year end for each location. The firm obtained an issuer-prepared inventory roll-back analysis to perform tests of intervening transactions. The following deficiency was identified: · To test the completeness of intervening transactions related to inventory purchases for certain inventory the firm selected inventory purchases from bank statements and certain general ledger accounts that exceeded certain monetary thresholds. The firm did not perform any procedures to address the risk related to the completeness of inventory purchases below those thresholds. (AS 1105.27; AS 2510.12) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 12 The issuer held inventory at multiple locations. Inventory counts were performed subsequent to year end for each location. The firm obtained an issuer-prepared inventory roll-back analysis to perform tests of intervening transactions. The following deficiency was identified: · The firm did not perform any procedures to test the completeness of intervening transactions related to sales of that inventory. (AS 2501.12) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2510 12 The issuer held inventory at multiple locations. Inventory counts were performed subsequent to year end for each location. The firm obtained an issuer-prepared inventory roll-back analysis to perform tests of intervening transactions. The following deficiency was identified: · For certain of the above inventory the firm did not perform any procedures to test the completeness of the intervening transactions unrelated to purchases or sales. (AS 2510.12) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer used an information technology (IT) system to process certain revenue transactions. The firm's approach to testing revenue included reliance on certain IT change management controls over certain issuer-produced information used in the firm's substantive procedures. The firm did not perform procedures to test the completeness of the information that the firm used to test these IT change management controls. (AS 1105.10) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 16 The issuer used an information technology (IT) system to process certain revenue transactions. The firm's approach to testing revenue included reliance on certain IT change management controls over certain issuer-produced information used in the firm's substantive procedures. The issuer recognized several types of revenue. To test one type of revenue the firm performed a substantive analytical procedure using sales data produced by the issuer's system. The firm did not perform procedures to test or test any controls over the accuracy and completeness of that data. (AS 2305.16) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The issuer used an information technology (IT) system to process certain revenue transactions. The firm's approach to testing revenue included reliance on certain IT change management controls over certain issuer-produced information used in the firm's substantive procedures. The firm selected a sample of transactions to test another type of revenue. The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-prepared sales data that was used in testing the selected transactions. (AS 1105.10) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure related to revenue. (AS 2810.30 and .31) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure related to revenue. (AS 2810.30 and .31) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Common Shares Significant Risk 1 AS 2301 8 The issuer issued shares as part of a stock offering that included contingent rights. The firm did not evaluate whether the contingent rights were appropriately accounted for in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2301.08 and .11) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Common Shares Significant Risk 1 AS 2301 11 The issuer issued shares as part of a stock offering that included contingent rights. The firm did not evaluate whether the contingent rights were appropriately accounted for in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2301.08 and .11) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2410 17 The firm did not perform procedures to evaluate whether the issuer met its performance obligations before certain revenue from related parties was recognized. (AS 2410.17) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The issuer used an information technology (IT) system to initiate process and/or record transactions related to revenue and related accounts and long-lived assets. In its testing of controls over revenue and related accounts as well as long-lived assets the firm tested various IT-dependent controls that used data and reports generated or maintained by this IT system. The firm selected for testing a change management control over this IT system that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The firm did not perform procedures to test the operating effectiveness of this control beyond inquiries of management and obtaining a list of all changes that occurred during the year. (AS 2201.44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 44 The issuer used an information technology (IT) system to initiate process and/or record transactions related to revenue and related accounts and long-lived assets. In its testing of controls over revenue and related accounts as well as long-lived assets the firm tested various IT-dependent controls that used data and reports generated or maintained by this IT system. The firm selected for testing a change management control over this IT system that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The firm did not perform procedures to test the operating effectiveness of this control beyond inquiries of management and obtaining a list of all changes that occurred during the year. (AS 2201.44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 46 The issuer used an information technology (IT) system to initiate process and/or record transactions related to revenue and related accounts and long-lived assets. In its testing of controls over revenue and related accounts as well as long-lived assets the firm tested various IT-dependent controls that used data and reports generated or maintained by this IT system. The firm selected for testing a change management control over this IT system that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. As a result of this deficiency in the firm's testing of an IT general control (ITGC) the firm's testing of these IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 46 The issuer used an information technology (IT) system to initiate process and/or record transactions related to revenue and related accounts and long-lived assets. In its testing of controls over revenue and related accounts as well as long-lived assets the firm tested various IT-dependent controls that used data and reports generated or maintained by this IT system. The firm selected for testing a change management control over this IT system that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. As a result of this deficiency in the firm's testing of an IT general control (ITGC) the firm's testing of these IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2201 42 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm selected for testing a control related to a revenue reconciliation. The firm did not perform procedures beyond inquiry to evaluate whether this control could effectively prevent or detect material misstatements. (AS 2201.42 and .44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2201 44 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm selected for testing a control related to a revenue reconciliation. The firm did not perform procedures beyond inquiry to evaluate whether this control could effectively prevent or detect material misstatements. (AS 2201.42 and .44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2201 42 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested certain of these controls through an interim date but the firm did not perform any procedures to update the results of the testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2201 44 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested certain of these controls through an interim date but the firm did not perform any procedures to update the results of the testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2201 55 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested certain of these controls through an interim date but the firm did not perform any procedures to update the results of the testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2201 19 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. The firm's use of the work of internal audit did not provide sufficient appropriate audit evidence that controls related to estimating costs to complete were operating as designed given the significant amount of subjectivity and judgment involved in these controls. (AS 2201.19; AS 2605.20 and .21) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2605 20 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. The firm's use of the work of internal audit did not provide sufficient appropriate audit evidence that controls related to estimating costs to complete were operating as designed given the significant amount of subjectivity and judgment involved in these controls. (AS 2201.19; AS 2605.20 and .21) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2605 21 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. The firm's use of the work of internal audit did not provide sufficient appropriate audit evidence that controls related to estimating costs to complete were operating as designed given the significant amount of subjectivity and judgment involved in these controls. (AS 2201.19; AS 2605.20 and .21) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 1105 10 The firm performed tests of details over a sample of revenue and related accounts transactions. The firm did not perform procedures to test or test any controls over the completeness of certain system-generated reports from which it made its selections for testing. (AS 1105.10) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient substantive procedures to test revenue and related accounts because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data that it used to substantively test these account balances. (AS 1105.10) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 8 AS 2201 42 For long-lived assets the following additional deficiency related to the firm's testing of controls were identified: The firm selected for testing a control related to performing an impairment analysis on land. The firm did not perform procedures beyond inquiry to evaluate whether this control could effectively prevent or detect material misstatements. (AS 2201.42 and .44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 8 AS 2201 44 For long-lived assets the following additional deficiency related to the firm's testing of controls were identified: The firm selected for testing a control related to performing an impairment analysis on land. The firm did not perform procedures beyond inquiry to evaluate whether this control could effectively prevent or detect material misstatements. (AS 2201.42 and .44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 2201 42 For long-lived assets the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over long-lived assets. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested these controls through an interim date but the firm did not perform any procedures to update the results of that testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 2201 44 For long-lived assets the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over long-lived assets. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested these controls through an interim date but the firm did not perform any procedures to update the results of that testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 2201 55 For long-lived assets the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over long-lived assets. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested these controls through an interim date but the firm did not perform any procedures to update the results of that testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 10 AS 1105 27 To substantively test long-lived assets the firm selected additions to and disposals of long-lived assets that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of additions and disposals. (AS 1105.27; AS 2301.08) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 10 AS 2301 8 To substantively test long-lived assets the firm selected additions to and disposals of long-lived assets that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of additions and disposals. (AS 1105.27; AS 2301.08) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 11 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient substantive procedures to test long-lived assets because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data that it used to substantively test these account balances. (AS 1105.10) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transaction Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of management's review of the accounting for a significant transaction. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of an estimate related to the significant transaction. (AS 2201.42 and .44) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transaction Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of the accounting for a significant transaction. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of an estimate related to the significant transaction. (AS 2201.42 and .44) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transaction Significant Risk 2 AS 1105 4 The firm selected for testing a control that consisted of management's review of the accounting for a significant transaction. The issuer engaged a company specialist to assist in developing an estimate related to this significant transaction. The firm did not perform procedures beyond obtaining general industry information to evaluate the reasonableness of certain significant assumptions that were developed by the issuer and used by the company specialist. Further the firm did not perform any procedures to evaluate the relevance and reliability of the general industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transaction Significant Risk 2 AS 1105 6 The firm selected for testing a control that consisted of management's review of the accounting for a significant transaction. The issuer engaged a company specialist to assist in developing an estimate related to this significant transaction. The firm did not perform procedures beyond obtaining general industry information to evaluate the reasonableness of certain significant assumptions that were developed by the issuer and used by the company specialist. Further the firm did not perform any procedures to evaluate the relevance and reliability of the general industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transaction Significant Risk 2 AS 2501 16 The firm selected for testing a control that consisted of management's review of the accounting for a significant transaction. The issuer engaged a company specialist to assist in developing an estimate related to this significant transaction. The firm did not perform procedures beyond obtaining general industry information to evaluate the reasonableness of certain significant assumptions that were developed by the issuer and used by the company specialist. Further the firm did not perform any procedures to evaluate the relevance and reliability of the general industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 330 Inventory. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures for inventory and determined that a disclosure was omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this omission in a subsequent filing. Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 330 Inventory. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures for inventory and determined that a disclosure was omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this omission in a subsequent filing. Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 1 AS 2201 42 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. The firm selected for testing change management controls over these IT systems that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to test whether there was a common set of change management controls across all in-scope IT systems such that all changes related to these IT systems would be recorded tracked and approved through the issuer's ticketing system. (AS 2201.42 and 44) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 1 AS 2201 44 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. The firm selected for testing change management controls over these IT systems that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to test whether there was a common set of change management controls across all in-scope IT systems such that all changes related to these IT systems would be recorded tracked and approved through the issuer's ticketing system. (AS 2201.42 and 44) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 2 AS 1105 10 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. The firm selected for testing change management controls over these IT systems that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The following deficiency was identified: · The firm did not perform procedures to test or test controls over the completeness of the population of changes used in the change management controls from which it selected its samples for testing. (AS 1105.10) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 3 AS 2201 39 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. For certain controls over privileged user and application access the firm did not identify and test any controls over the accuracy and completeness of the listing of users that was used in the operation of the controls (AS 2201.39). Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 4 AS 2201 42 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. For certain controls over privileged user and application access the firm did not evaluate the control owner's review procedures to determine that the permissions assigned were appropriate. (AS 2201.42 and .44) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 4 AS 2201 44 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. For certain controls over privileged user and application access the firm did not evaluate the control owner's review procedures to determine that the permissions assigned were appropriate. (AS 2201.42 and .44) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2301 16 With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2301 18 With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2301 37 With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2315 19 With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2315 23 With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2315 23A With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm selected a sample of transactions to test revenue. The firm did not perform procedures to evaluate whether the issuer met its performance obligations before revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm selected a sample of transactions to test revenue. The firm did not perform procedures to evaluate whether the issuer met its performance obligations before revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 1105 27 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of accounts receivable. (AS 1105.27; AS 2301.08) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 8 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of accounts receivable. (AS 1105.27; AS 2301.08) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2310 28 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The following deficiency was identified with respect to the firm's confirmation procedures: · The issuer sent the confirmation requests on behalf of the firm. The firm did not maintain control of the confirmation requests through direct communication with the intended recipients of the confirmation requests. (AS 2310.28) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2310 29 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The following deficiency was identified with respect to the firm's confirmation procedures: · The firm received electronic responses to confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2310 31 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The following deficiency was identified with respect to the firm's confirmation procedures: · For the confirmation requests that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the accounts receivable were accurate as of the confirmation date. (AS 2310.31) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 45 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The following deficiency was identified with respect to the firm's confirmation procedures: · The firm did not perform procedures beyond inquiry of management to extend its conclusions regarding the existence of accounts receivable from the interim date in which the audit procedures were performed to year end. (AS 2301.45) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2510 12 The firm observed physical inventory counts on various dates prior to year end. The firm did not perform procedures to test intervening transactions between the dates of its inventory observations and the issuer's year end beyond obtaining a reconciliation of inventory balances from the count dates to year end. (AS 2510.12) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2510 9 The firm observed physical inventory counts on various dates prior to year end. The firm did not perform any procedures to test the existence of certain inventory. (AS 2510.09) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2501 7 The firm observed physical inventory counts on various dates prior to year end. The firm did not perform any procedures to test the valuation of inventory reserves. (AS 2501.07) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2301 8 The firm observed physical inventory counts on various dates prior to year end. The firm did not perform any procedures to test the appropriateness of costs recorded by the issuer for certain inventory. (AS 2301.08) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 11 AS 2201 39 The firm did not identify and test any controls over journal entries and other adjustments made in the period-end financial reporting process. (AS 2201.39) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 12 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 13 AS 2201 62 The firm communicated certain identified control deficiencies to the principal auditor as material weaknesses; however the firm did not evaluate the severity of each identified control deficiency to determine whether the deficiencies individually or in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 1 AS 1105 10 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · When testing the operating effectiveness of these controls the firm did not select its samples from a complete population of data subject to the operation of the controls. Further the firm did not perform procedures to test or test controls over the accuracy and completeness of certain other data that it used to test the controls. (AS 1105.10) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 1 AS 1105 10 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · When testing the operating effectiveness of these controls the firm did not select its samples from a complete population of data subject to the operation of the controls. Further the firm did not perform procedures to test or test controls over the accuracy and completeness of certain other data that it used to test the controls. (AS 1105.10) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 2 AS 2301 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For one of these controls the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 2 AS 2301 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For one of these controls the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 2 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For one of these controls the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 2 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For one of these controls the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 3 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For this same control the firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the control. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 3 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For this same control the firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the control. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 4 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For the other control the firm did not test the operating effectiveness of an aspect of the control related to the issuer's review of the accuracy and completeness of certain data entered into the system and used to estimate and record the income statement account and significant account. (AS 2301.21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 4 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For the other control the firm did not test the operating effectiveness of an aspect of the control related to the issuer's review of the accuracy and completeness of certain data entered into the system and used to estimate and record the income statement account and significant account. (AS 2301.21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 5 AS 2301 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 5 AS 2301 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 5 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 5 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 6 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. For certain of these controls the firm did not identify and test any controls over the accuracy and/or completeness of certain system-generated reports and/or other end user computing files used in the operation of the controls. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 6 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. For certain of these controls the firm did not identify and test any controls over the accuracy and/or completeness of certain system-generated reports and/or other end user computing files used in the operation of the controls. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 7 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not identify and test any controls over the issuer's review of data contained in reports provided by external parties that the issuer entered into its system and used to estimate and record the income statement account and significant account to ensure it was accurate and complete and in accordance with terms of the contracts. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 7 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not identify and test any controls over the issuer's review of data contained in reports provided by external parties that the issuer entered into its system and used to estimate and record the income statement account and significant account to ensure it was accurate and complete and in accordance with terms of the contracts. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 8 AS 2301 8 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not perform sufficient substantive procedures to test the income statement account because the firm did not evaluate whether the income statement account was recorded in accordance with the terms of the contracts. (AS 2301.08) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 8 AS 2301 8 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not perform sufficient substantive procedures to test the income statement account because the firm did not evaluate whether the income statement account was recorded in accordance with the terms of the contracts. (AS 2301.08) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 9 AS 2501 7 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not perform substantive procedures to test the issuer's estimate of the income statement account and significant account beyond inquiry of management and comparing amounts recorded to documentation produced by the issuer. (AS 2501.07) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 9 AS 2501 7 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not perform substantive procedures to test the issuer's estimate of the income statement account and significant account beyond inquiry of management and comparing amounts recorded to documentation produced by the issuer. (AS 2501.07) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2301 18 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2301 18 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2301 37 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2301 37 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2315 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2315 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2315 23 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2315 23 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2315 23A To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2315 23A To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 4 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The firm performed a review of the security settings in place over certain of the issuer's accounting systems using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm also selected for testing a control over user access to the production environment of these IT systems that consisted of (1) a security setting in these systems that would not allow any direct changes to be made in the production environment by any user and (2) management's review and approval of a system-generated report that listed any changes made to the system security settings. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of these IT systems. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 6 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The firm performed a review of the security settings in place over certain of the issuer's accounting systems using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm also selected for testing a control over user access to the production environment of these IT systems that consisted of (1) a security setting in these systems that would not allow any direct changes to be made in the production environment by any user and (2) management's review and approval of a system-generated report that listed any changes made to the system security settings. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of these IT systems. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The firm performed a review of the security settings in place over certain of the issuer's accounting systems using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm also selected for testing a control over user access to the production environment of these IT systems that consisted of (1) a security setting in these systems that would not allow any direct changes to be made in the production environment by any user and (2) management's review and approval of a system-generated report that listed any changes made to the system security settings. The following deficiency was identified: · The firm did not select for testing any instances in which the control over user access to the production environment of these IT systems operated because there were no changes made to the system security settings during the periods that were selected for testing. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The firm performed a review of the security settings in place over certain of the issuer's accounting systems using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm also selected for testing a control over user access to the production environment of these IT systems that consisted of (1) a security setting in these systems that would not allow any direct changes to be made in the production environment by any user and (2) management's review and approval of a system-generated report that listed any changes made to the system security settings. The following deficiency was identified: · The firm did not select for testing any instances in which the control over user access to the production environment of these IT systems operated because there were no changes made to the system security settings during the periods that were selected for testing. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 4 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The issuer managed the provisioning of emergency privileged access rights which allowed users with such rights to make direct changes to the production environments of certain IT systems. The firm selected for testing controls over the assignment of privileged access rights for these systems that consisted of the system administrators' review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the provisioning and activity during the privileged access sessions to ensure that only approved activity was executed on these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 4 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The issuer managed the provisioning of emergency privileged access rights which allowed users with such rights to make direct changes to the production environments of certain IT systems. The firm selected for testing controls over the assignment of privileged access rights for these systems that consisted of the system administrators' review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the provisioning and activity during the privileged access sessions to ensure that only approved activity was executed on these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 5 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The issuer managed the provisioning of emergency privileged access rights which allowed users with such rights to make direct changes to the production environments of certain IT systems. The firm selected for testing controls over the assignment of privileged access rights for these systems that consisted of the system administrators' review and approval of privileged access requests. The following deficiency was identified: · For one control the firm did not perform sufficient procedures to test or test any controls over the completeness of the population of privileged access requests from which it made its selection for testing because the firm limited its selection to the population of active accounts of users with privileged access rights. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The issuer managed the provisioning of emergency privileged access rights which allowed users with such rights to make direct changes to the production environments of certain IT systems. The firm selected for testing controls over the assignment of privileged access rights for these systems that consisted of the system administrators' review and approval of privileged access requests. The following deficiency was identified: · The number of privileged access requests selected for testing did not provide sufficient appropriate audit evidence because the firm limited its selection to one account for one month and did not perform any procedures to test the effectiveness of the control over the remaining audit period. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 7 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. Access to another IT system was controlled through the assignment of roles such as 'read-only ' 'edit ' and 'administrator ' to users for access to this system and related database for the accounting tables and modules. The firm selected for testing a control over user access to this system and related database that consisted of management's periodic review of a list of users with administrator roles to determine whether (1) the assignment of such roles was authorized (2) the access profiles were valid and (3) all manual changes made to the tables agreed to an approved change request. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of the control. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 8 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. Access to another IT system was controlled through the assignment of roles such as 'read-only ' 'edit ' and 'administrator ' to users for access to this system and related database for the accounting tables and modules. The firm selected for testing a control over user access to this system and related database that consisted of management's periodic review of a list of users with administrator roles to determine whether (1) the assignment of such roles was authorized (2) the access profiles were valid and (3) all manual changes made to the tables agreed to an approved change request. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to this system and related database. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 8 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. Access to another IT system was controlled through the assignment of roles such as 'read-only ' 'edit ' and 'administrator ' to users for access to this system and related database for the accounting tables and modules. The firm selected for testing a control over user access to this system and related database that consisted of management's periodic review of a list of users with administrator roles to determine whether (1) the assignment of such roles was authorized (2) the access profiles were valid and (3) all manual changes made to the tables agreed to an approved change request. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to this system and related database. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm did not obtain evidence that testing was performed and reviewed by the control owners for nearly half of the system changes selected for testing. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm did not obtain evidence that testing was performed and reviewed by the control owners for nearly half of the system changes selected for testing. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 10 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the first control the firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 11 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the first control the firm did not evaluate the specific review procedures that the control owner or business users performed to validate and approve the appropriateness of the migrated changes to the production environment. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 11 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the first control the firm did not evaluate the specific review procedures that the control owner or business users performed to validate and approve the appropriateness of the migrated changes to the production environment. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 12 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the second control the firm did not evaluate the effect of the control owner excluding certain information when performing the control on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 13 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the second and third controls the firm did not evaluate the specific review procedures that the control owners performed to validate the appropriateness of direct data changes to the system database. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 13 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the second and third controls the firm did not evaluate the specific review procedures that the control owners performed to validate the appropriateness of direct data changes to the system database. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 14 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the third control the firm did not identify and test any controls over the completeness of direct data changes to the system database. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 15 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of the configuration of an IT system used to test inventory ('inventory testing system') to automatically calculate the assay results of each sample based on a pre-established formula and the issuer's periodic validation of those calculations. The firm used a 'test of one' approach to test these controls but did not evaluate whether the tested configurations were applied to all relevant metals and locations across the inventory testing system and an inventory subledger system to support the use of such an approach. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 16 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the inventory subledger system to automatically calculate the metal content of each data entry based on the weight and assay results. The firm did not test all significant processing alternatives of this control for each relevant metal content type used for calculating the value of inventory. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 16 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the inventory subledger system to automatically calculate the metal content of each data entry based on the weight and assay results. The firm did not test all significant processing alternatives of this control for each relevant metal content type used for calculating the value of inventory. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 17 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of management's review and approval of the assay results in the inventory testing system. For one of these controls the firm did not evaluate the specific review procedures that the control owner performed to assess the accuracy of the assay results. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 17 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of management's review and approval of the assay results in the inventory testing system. For one of these controls the firm did not evaluate the specific review procedures that the control owner performed to assess the accuracy of the assay results. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 18 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of management's review and approval of the assay results in the inventory testing system. For the other control the firm did not test an aspect of the control related to the control owner's assessment of the reasonableness of the assay results for more than half of the assay results selected for testing. (AS 2201.44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 19 AS 2201 B8 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of management's verification and approval of the recorded weight of certain inventory. The firm did not evaluate the effect of certain exceptions identified during its substantive audit procedures related to inventory on its conclusions regarding the operating effectiveness of this control. (AS 2201.B8) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 20 AS 2510 9 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · To test the existence of certain inventory the firm observed the physical inventory counts at all locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using system-generated reports provided by the issuer. The firm did not perform sufficient procedures to test the existence of certain inventory. Specifically the firm's observation procedures were not suitable because the firm did not perform any substantive procedures to reconcile the quantities of certain inventory counted as reflected in the stock count records to the issuer's inventory records. Therefore these observations did not provide sufficient evidence of the quantity of inventory at these locations. (AS 2510.09) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 21 AS 1105 4 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · To test the existence of certain inventory the firm observed the physical inventory counts at all locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using system-generated reports provided by the issuer. The firm did not perform sufficient procedures to test the existence of certain inventory. The firm did not perform sufficient procedures to evaluate the reliability of a report used to test the rollforward of certain inventory quantities from the dates in which the inventory was physically counted to year-end because it did not evaluate the nature and cause of certain exceptions identified during its substantive audit procedures. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 21 AS 1105 6 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · To test the existence of certain inventory the firm observed the physical inventory counts at all locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using system-generated reports provided by the issuer. The firm did not perform sufficient procedures to test the existence of certain inventory. The firm did not perform sufficient procedures to evaluate the reliability of a report used to test the rollforward of certain inventory quantities from the dates in which the inventory was physically counted to year-end because it did not evaluate the nature and cause of certain exceptions identified during its substantive audit procedures. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 22 AS 2301 45 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm did not perform procedures to extend its conclusions regarding the existence and valuation of inventory assay results from the interim date in which the audit procedures were performed to year-end beyond obtaining and reviewing minutes from certain laboratory quality review meetings and the accompanying presentations. (AS 2301.45) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 23 AS 1105 10 The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. To test this data the firm agreed a sample of cash receipts to bank statements customer invoices and other documents such as packing lists delivery notes and transfer requests. The firm identified that certain cash receipts selected for testing did not relate to revenue and a corresponding receivable. The firm did not perform sufficient procedures to evaluate whether the cash receipts data was appropriate for use in the analysis because it did not evaluate the implications of these unrelated cash receipts on the sufficiency and appropriateness of the data. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 48 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not determine the effect of the exception identified on the operating effectiveness of the user access controls over the system. (AS 2201.48) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 48 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not determine the effect of the exception identified on the operating effectiveness of the user access controls over the system. (AS 2201.48) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 48 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not determine the effect of the exception identified on the operating effectiveness of the user access controls over the system. (AS 2201.48) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not identify and test any controls over the appropriateness of the activity that the two privileged access users performed when opening the system's production environment. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not identify and test any controls over the appropriateness of the activity that the two privileged access users performed when opening the system's production environment. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not identify and test any controls over the appropriateness of the activity that the two privileged access users performed when opening the system's production environment. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over certain IT systems that consisted of (1) the authorization of changes prior to development (2) testing and approval of changes prior to their migration into production and (3) the establishment of segregation of duties and the restriction of users with the ability to develop and migrate changes to production to authorized personnel. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 7 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over certain IT systems that consisted of (1) the authorization of changes prior to development (2) testing and approval of changes prior to their migration into production and (3) the establishment of segregation of duties and the restriction of users with the ability to develop and migrate changes to production to authorized personnel. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over certain IT systems that consisted of (1) the authorization of changes prior to development (2) testing and approval of changes prior to their migration into production and (3) the establishment of segregation of duties and the restriction of users with the ability to develop and migrate changes to production to authorized personnel. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of price changes made in the accounting system as reflected in a customized system-generated report to determine whether they were properly approved. The firm did not identify and test any controls over the accuracy and completeness of the report used in the operation of the control. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of price changes made in the accounting system as reflected in a customized system-generated report to determine whether they were properly approved. The firm did not test an aspect of the control related to the issuer's review of certain price changes. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of price changes made in the accounting system as reflected in a customized system-generated report to determine whether they were properly approved. The firm did not test an aspect of the control related to the issuer's review of certain price changes. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing an automated control that consisted of the configuration of the issuer's accounting system to automatically update invoiced sales prices to reflect those within the system's price list and used a 'test of one' approach to test the control. The firm did not perform sufficient procedures to support the use of such an approach because it did not test the configuration or programming of the control during the audit period or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 11 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of management's review and approval of printed sales orders. The firm did not perform procedures to test or test any controls over the completeness of the population of certain sales orders from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of the reconciliation of revenue and inventory sold and management's review and approval of the reconciliations. The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 13 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing an automated control that consisted of automatic interfaces between the issuer's accounting system and certain of its production and dispatch related systems and used a 'test of one' approach to test the control. The firm did not perform sufficient procedures to support the use of such an approach because it did not test the interface configuration or programming of the control or perform procedures to test the design of the control as it relates to each relevant interface. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 14 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. To test this data the firm reconciled certain cash activity used in the analysis to the respective cash accounts in the issuer's general ledger and agreed a sample of cash receipts to bank statements and customer remittance advices. The firm did not perform sufficient procedures to evaluate whether the cash receipts data was appropriate for use in the analysis because it (1) did not reconcile all cash activity used in the analysis to the respective cash accounts in the issuer's general ledger (2) made the majority of its cash receipts selections from the population of trade accounts receivable and unallocated receivable journal entries rather than the cash journal entries used in the analysis and (3) did not evaluate whether certain cash receipts selected for testing related to revenue and were appropriately included in the cash data underlying the analysis. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 15 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. With respect to Accounts Receivable which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm did not identify and test any controls over the posting of cash receipts to customer accounts and invoices. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. With respect to Accounts Receivable which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review and analysis of accounts receivable as reflected in a customized system-generated accounts receivable aging report. The firm did not evaluate whether the automated aspect of this control which consisted of the system's aging of customer account balances was configurable and programmable and if so perform procedures to test the configuration and programming of the control. (AS 2201.42) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 17 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. With respect to Accounts Receivable which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review and analysis of accounts receivable as reflected in a customized system-generated accounts receivable aging report. The firm did not perform procedures to test the accuracy and completeness of the reports and calculations produced by the system to determine whether the automated aspect of the control operated as it was designed. (AS 2201.44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The following deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the issuer's accounting system to automatically apply cash receipts to specific invoices and the manual investigation of outstanding items and unapplied cash receipts in the cash in-transit accounts. The firm did not test the automated aspect of this control related to the automatic application of cash receipts to specific invoices. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The following deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the issuer's accounting system to automatically apply cash receipts to specific invoices and the manual investigation of outstanding items and unapplied cash receipts in the cash in-transit accounts. The firm did not test the automated aspect of this control related to the automatic application of cash receipts to specific invoices. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The following deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the issuer's accounting system to automatically apply cash receipts to specific invoices and the manual investigation of outstanding items and unapplied cash receipts in the cash in-transit accounts. The firm did not test the automated aspect of this control related to the automatic application of cash receipts to specific invoices. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The following deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the issuer's accounting system to automatically apply cash receipts to specific invoices and the manual investigation of outstanding items and unapplied cash receipts in the cash in-transit accounts. The firm did not test the automated aspect of this control related to the automatic application of cash receipts to specific invoices. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The following deficiency was identified: · The firm selected for testing an automated control that consisted of the configuration of the issuer's accounting system to automatically record sales transactions based on revenue recognition triggers contained in the sales order and customer master files. The firm did not test whether the system accurately retrieved information from customer master files that was associated with the recorded sales. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 The following deficiency was identified: · The firm selected for testing an automated control that consisted of the configuration of the issuer's accounting system to automatically record sales transactions based on revenue recognition triggers contained in the sales order and customer master files. The firm did not test whether the system accurately retrieved information from customer master files that was associated with the recorded sales. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The following deficiency was identified: · The firm selected for testing an automated control that consisted of the configuration of the issuer's accounting system to automatically record sales transactions based on revenue recognition triggers contained in the sales order and customer master files. The firm did not test whether the system accurately retrieved information from customer master files that was associated with the recorded sales. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The following deficiency was identified: · The firm selected for testing an automated control that consisted of the configuration of the issuer's accounting system to automatically record sales transactions based on revenue recognition triggers contained in the sales order and customer master files. The firm did not test whether the system accurately retrieved information from customer master files that was associated with the recorded sales. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2201 42 The following deficiency was identified: · The firm selected for testing a control that consisted of the reconciliation of goods invoiced to goods shipped and delivered. The firm did not perform procedures to test the design and operating effectiveness of this control. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 42 The following deficiency was identified: · The firm selected for testing a control that consisted of the reconciliation of goods invoiced to goods shipped and delivered. The firm did not perform procedures to test the design and operating effectiveness of this control. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2201 44 The following deficiency was identified: · The firm selected for testing a control that consisted of the reconciliation of goods invoiced to goods shipped and delivered. The firm did not perform procedures to test the design and operating effectiveness of this control. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 44 The following deficiency was identified: · The firm selected for testing a control that consisted of the reconciliation of goods invoiced to goods shipped and delivered. The firm did not perform procedures to test the design and operating effectiveness of this control. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2201 39 The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's verification of the shipment and delivery dates recorded in the accounting system to determine whether the transfer of title and recognition of revenue was based on accurate information. The firm did not identify and test any controls over the completeness of a customized system-generated report used in the operation of this control. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 39 The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's verification of the shipment and delivery dates recorded in the accounting system to determine whether the transfer of title and recognition of revenue was based on accurate information. The firm did not identify and test any controls over the completeness of a customized system-generated report used in the operation of this control. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 5 AS 1105 10 The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) use of revenue recognition triggers to consistently recognize revenue for each billing type (2) matching of sales invoices to documents supporting proof of delivery and transfer of title and (3) verification of the shipment and delivery dates recorded in the accounting system to determine whether the transfer of title and recognition of revenue was based on accurate information. The firm did not perform procedures to test or test any controls over the completeness of the population of a customized system-generated report from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 5 AS 1105 10 The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) use of revenue recognition triggers to consistently recognize revenue for each billing type (2) matching of sales invoices to documents supporting proof of delivery and transfer of title and (3) verification of the shipment and delivery dates recorded in the accounting system to determine whether the transfer of title and recognition of revenue was based on accurate information. The firm did not perform procedures to test or test any controls over the completeness of the population of a customized system-generated report from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 42 The firm selected for testing a control that consisted of the completion of impairment indicator surveys and the issuer's review and approval of impairment calculations and related testing. The firm did not evaluate the specific review procedures that the control owner performed to determine the accuracy and completeness of the consolidated impairment indicator questionnaires. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 44 The firm selected for testing a control that consisted of the completion of impairment indicator surveys and the issuer's review and approval of impairment calculations and related testing. The firm did not evaluate the specific review procedures that the control owner performed to determine the accuracy and completeness of the consolidated impairment indicator questionnaires. (AS 2201.42 and .44) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any procedures to evaluate whether (1) the rate at which certain revenue was recognized was appropriate and (2) the performance obligations had been met prior to the recognition of certain of this revenue. (AS 2301.08 and .13) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any procedures to evaluate whether (1) the rate at which certain revenue was recognized was appropriate and (2) the performance obligations had been met prior to the recognition of certain of this revenue. (AS 2301.08 and .13) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 1 AS 1105 A8a The issuer engaged an external valuation specialist to perform an impairment analysis of goodwill and intangible assets at year end. The firm's approach for substantively testing the fair value was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the reasonableness of the significant assumptions the company's specialist used. The following deficiency was identified: · The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain issuer-produced data the company's specialist used in the impairment analysis. (AS 1105.A8a) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 2 AS 1210 9 The issuer engaged an external valuation specialist to perform an impairment analysis of goodwill and intangible assets at year end. The firm's approach for substantively testing the fair value was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the reasonableness of the significant assumptions the company's specialist used. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of the significant assumptions developed by the issuer because it did not identify that the auditor-engaged specialist did not perform sufficient procedures to evaluate the reasonableness of (1) certain significant assumptions because it limited its procedures to certain component(s) of the assumptions and/or obtaining certain external information (2) another significant assumption because it limited its procedures to obtaining certain external information and evaluating the consistency of the assumption with relevant industry information and (3) other significant assumptions because it limited its procedures to inquiry of management and comparing the assumptions to the prior year assumptions. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 2 AS 1210 12 The issuer engaged an external valuation specialist to perform an impairment analysis of goodwill and intangible assets at year end. The firm's approach for substantively testing the fair value was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the reasonableness of the significant assumptions the company's specialist used. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of the significant assumptions developed by the issuer because it did not identify that the auditor-engaged specialist did not perform sufficient procedures to evaluate the reasonableness of (1) certain significant assumptions because it limited its procedures to certain component(s) of the assumptions and/or obtaining certain external information (2) another significant assumption because it limited its procedures to obtaining certain external information and evaluating the consistency of the assumption with relevant industry information and (3) other significant assumptions because it limited its procedures to inquiry of management and comparing the assumptions to the prior year assumptions. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 2 AS 2501 16 The issuer engaged an external valuation specialist to perform an impairment analysis of goodwill and intangible assets at year end. The firm's approach for substantively testing the fair value was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the reasonableness of the significant assumptions the company's specialist used. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of the significant assumptions developed by the issuer because it did not identify that the auditor-engaged specialist did not perform sufficient procedures to evaluate the reasonableness of (1) certain significant assumptions because it limited its procedures to certain component(s) of the assumptions and/or obtaining certain external information (2) another significant assumption because it limited its procedures to obtaining certain external information and evaluating the consistency of the assumption with relevant industry information and (3) other significant assumptions because it limited its procedures to inquiry of management and comparing the assumptions to the prior year assumptions. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 4054 Prager Metis CPAs LLP 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 The firm identified fraud criteria to identify and select journal entries for testing and obtained a listing of journal entries that met the criteria. The firm did not sufficiently test the journal entries that met the identified fraud risk criteria for evidence of possible material misstatement due to fraud because it limited its procedures to certain entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 1 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's presentation of certain significant accounts in the issuer's financial statements. (AS 2810.30 and .31) In connection with our review the issuer reevaluated the presentation of these significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the presentation of these significant accounts. Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 1 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's presentation of certain significant accounts in the issuer's financial statements. (AS 2810.30 and .31) In connection with our review the issuer reevaluated the presentation of these significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the presentation of these significant accounts. Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 2 AS 2301 8 With respect to another significant account the following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's presentation of this account. (AS 2301.08) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 3 AS 2301 8 With respect to another significant account the following deficiency was identified: · The firm did not perform procedures to test an adjustment to this account beyond tracing amounts to an issuer-prepared schedule. (AS 2301.08) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 4 AS 2501 16 With respect to another significant account the following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of a significant assumption related to this account that was developed by the issuer beyond certain limited procedures. (AS 2501.16) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 5 AS 2501 7 With respect to another significant account the following deficiency was identified: · The firm did not perform any procedures to test certain other estimates related to this account. (AS 2501.07) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 6 AS 2301 8 With respect to another significant account the following deficiency was identified: · The firm did not evaluate whether the issuer accounted for certain aspects of this account in conformity with GAAP including evaluating certain contradictory evidence. (AS 2301.08; AS 2810.03) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 6 AS 2810 3 With respect to another significant account the following deficiency was identified: · The firm did not evaluate whether the issuer accounted for certain aspects of this account in conformity with GAAP including evaluating certain contradictory evidence. (AS 2301.08; AS 2810.03) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 7 AS 1105 4 With respect to another significant account the following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain information that it used to test this account. (AS 1105.04 and .06) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 7 AS 1105 6 With respect to another significant account the following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain information that it used to test this account. (AS 1105.04 and .06) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 8 AS 2301 8 The firm did not perform procedures to test certain transactions within an income statement account beyond obtaining an understanding of the issuer's accounting policy. (AS 2301.08 and .13) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 8 AS 2301 13 The firm did not perform procedures to test certain transactions within an income statement account beyond obtaining an understanding of the issuer's accounting policy. (AS 2301.08 and .13) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 9 AS 2301 8 The firm did not evaluate whether the issuer's accounting for these transactions was in conformity with GAAP. (AS 2301.08 and .13) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 9 AS 2301 13 The firm did not evaluate whether the issuer's accounting for these transactions was in conformity with GAAP. (AS 2301.08 and .13) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 10 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity Related Transactions 1 AS 2301 8 During the year the issuer issued common shares with warrants. The firm did not perform procedures to test the number of shares issued and the gross proceeds received beyond confirming the number of shares issued and outstanding at year end with the transfer agent. (AS 2301.08) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2301 8 The firm did not perform procedures to evaluate whether certain transactions were appropriately capitalized in accordance with the applicable accounting standard. (AS 2301.08 and .11) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2301 11 The firm did not perform procedures to evaluate whether certain transactions were appropriately capitalized in accordance with the applicable accounting standard. (AS 2301.08 and .11) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2301 8 For one asset the issuer performed an assessment of this asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2301 11 For one asset the issuer performed an assessment of this asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2810 3 For one asset the issuer performed an assessment of this asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2501 7 For a second asset the issuer estimated the recoverable amount of the asset and determined that it exceeded the asset's carrying value. The firm did not perform any procedures to test the issuer's estimated recoverability of this asset. (AS 2501.07) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 1105 A3 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate (1) the knowledge skill and ability of one company specialist and (2) the relationship of the issuer to this specialist. (AS 1105.A3 and .A4) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 1105 A4 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate (1) the knowledge skill and ability of one company specialist and (2) the relationship of the issuer to this specialist. (AS 1105.A3 and .A4) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 A8b For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists or the issuer that were used by the specialists to develop the estimate. (AS 1105.A8b; AS 2501.16) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 2501 16 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists or the issuer that were used by the specialists to develop the estimate. (AS 1105.A8b; AS 2501.16) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 1105 4 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of external information the issuer used to determine the recoverability of the asset. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 1105 6 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of external information the issuer used to determine the recoverability of the asset. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 1105 A8a For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to test the accuracy and completeness of company-produced data and evaluate the relevance and reliability of certain other data from sources external to the issuer that the company's specialists used to develop the estimate considered by the issuer in determining the recoverability of the asset. (AS 1105.A8a) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A8c For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate whether the methods used by the company's specialists were appropriate under the circumstances. (AS 1105.A8c) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1105 A10 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of the work performed by the company's specialists and whether the specialists' findings support or contradict the recoverability of the asset because it did not (1) identify that the report compiled by the company's specialists was a year old and (2) evaluate whether the specialists' findings continued to be relevant and reliable. (AS 1105.A9 and .A10) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1105 A9 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of the work performed by the company's specialists and whether the specialists' findings support or contradict the recoverability of the asset because it did not (1) identify that the report compiled by the company's specialists was a year old and (2) evaluate whether the specialists' findings continued to be relevant and reliable. (AS 1105.A9 and .A10) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 1 AS 2315 24 The firm's approach for testing an income statement account included performing tests of details for a sample of transactions from certain months during the year. The firm did not perform any procedures to test the population of transactions in the remaining months of the year. (AS 2315.24) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 2 AS 1105 10 The firm's approach for testing an income statement account included performing tests of details for a sample of transactions from certain months during the year. The firm did not perform any procedures to test or test controls over the accuracy and completeness of certain data and reports it used to test an income statement account. (AS 1105.10) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 3 AS 2305 16 The firm performed substantive analytical procedures as part of its testing of an income statement account and used certain external data to develop its expectation. The firm did not evaluate whether the external data used to develop its expectation was sufficiently reliable for purposes of achieving its audit objectives. (AS 2305.16) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 4 AS 2305 21 The firm performed substantive analytical procedures as part of its testing of an income statement account and used certain external data to develop its expectation. The firm did not evaluate differences between its expectation and the actual amounts recorded beyond inquiry of management. (AS 2305.21) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 5 AS 2301 8 The firm did not perform procedures to evaluate whether certain income statement account transactions were recognized in conformity with the applicable accounting standard. (AS 2301.08 and .13) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 5 AS 2301 13 The firm did not perform procedures to evaluate whether certain income statement account transactions were recognized in conformity with the applicable accounting standard. (AS 2301.08 and .13) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 6 AS 2501 16 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed by the issuer that the company's specialist used because it did not take into account the issuer's intent and ability to carry out its intended course of action. (AS 2501.16 and .17) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 6 AS 2501 17 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed by the issuer that the company's specialist used because it did not take into account the issuer's intent and ability to carry out its intended course of action. (AS 2501.16 and .17) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 7 AS 1105 4 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of external information it used to test the reasonableness of this significant assumption. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 7 AS 1105 6 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of external information it used to test the reasonableness of this significant assumption. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 8 AS 1105 A8a The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of external information the company's specialist used to develop another significant assumption (AS 1105.A8a) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 9 AS 1105 4 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of external information used in its substantive procedures to test the reasonableness of the significant assumption. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 9 AS 1105 6 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of external information used in its substantive procedures to test the reasonableness of the significant assumption. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 10 AS 1105 A8b The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of another significant assumption developed by the company's specialist and used in the impairment analysis. (AS 1105.A8b) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 11 AS 2501 16 For another asset within the balance sheet account the firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed and used by the issuer to calculate the amortization for the asset. (AS 2501.16) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate the appropriateness of the issuer's recognition of certain income statement account transactions because it did not evaluate certain contradictory evidence. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 1 AS 2301 13 The firm did not perform sufficient procedures to evaluate the appropriateness of the issuer's recognition of certain income statement account transactions because it did not evaluate certain contradictory evidence. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 1 AS 2810 3 The firm did not perform sufficient procedures to evaluate the appropriateness of the issuer's recognition of certain income statement account transactions because it did not evaluate certain contradictory evidence. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 2 AS 2301 8 The issuer performed an assessment of certain assets within a balance sheet account for impairment at year end and concluded that they were recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 2 AS 2301 11 The issuer performed an assessment of certain assets within a balance sheet account for impairment at year end and concluded that they were recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 2 AS 2810 3 The issuer performed an assessment of certain assets within a balance sheet account for impairment at year end and concluded that they were recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm selected for testing various controls over revenue and inventory but did not identify and test any controls over the accuracy and completeness of certain system-generated data or reports that were used in the operation of these controls. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing various controls over revenue and inventory but did not identify and test any controls over the accuracy and completeness of certain system-generated data or reports that were used in the operation of these controls. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm selected for testing controls that consisted of the issuer's reviews of gross margins estimates of revenue deductions and customer shipments and invoices. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and/or the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm selected for testing controls that consisted of the issuer's reviews of gross margins estimates of revenue deductions and customer shipments and invoices. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and/or the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review and approval of customer price changes. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the price changes and whether they were appropriately approved. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review and approval of customer price changes. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the price changes and whether they were appropriately approved. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The firm did not perform sufficient procedures to test these transactions because it did not test (1) whether the issuer had a valid contract with the customer and (2) the issuer's determination of the transaction price. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The firm did not perform sufficient procedures to test these transactions because it did not test (1) whether the issuer had a valid contract with the customer and (2) the issuer's determination of the transaction price. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of standard costs for its inventory items. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the standard costs included in the issuer's inventory system. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of standard costs for its inventory items. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the standard costs included in the issuer's inventory system. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The firm did not identify and test any controls that addressed whether variances between actual and standard costs were appropriately calculated and recorded in the issuer's inventory system. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The firm did not identify and test any controls over the completeness of the issuer's in-transit inventory. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 1105 10 For in-transit inventory and freight included in inventory the firm did not perform procedures to test or test any controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including its substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2305 16 For in-transit inventory and freight included in inventory the firm did not perform procedures to test or test any controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including its substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Foreign Currency Translation 9 AS 2201 39 The firm did not identify and test any controls over the issuer's foreign currency translation adjustments. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Foreign Currency Translation 10 AS 2301 8 The firm did not perform sufficient substantive procedures to test the issuer's foreign currency translation adjustments because the firm did not test the exchange rates that the issuer used in the translation of certain accounts. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 8 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For certain contracts selected for testing the firm did not perform procedures to test whether the performance obligations had been satisfied before revenue was recognized beyond comparisons to issuer-produced reports and invoices. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 13 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For certain contracts selected for testing the firm did not perform procedures to test whether the performance obligations had been satisfied before revenue was recognized beyond comparisons to issuer-produced reports and invoices. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2315 16 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm's sample sizes to test costs incurred and billings to customers were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2315 23 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm's sample sizes to test costs incurred and billings to customers were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2315 23A For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm's sample sizes to test costs incurred and billings to customers were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 1105 10 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm used certain labor rates in its substantive testing of costs incurred but did not perform procedures to test or test any controls over the accuracy of these labor rates. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 1105 27 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm did not perform substantive procedures to test the occurrence of revenue or the existence of contract assets for contracts below the monetary threshold beyond performing the procedures to test a sample of costs incurred and billings to customers discussed above. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2301 8 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm did not perform substantive procedures to test the occurrence of revenue or the existence of contract assets for contracts below the monetary threshold beyond performing the procedures to test a sample of costs incurred and billings to customers discussed above. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2301 13 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm did not perform substantive procedures to test the occurrence of revenue or the existence of contract assets for contracts below the monetary threshold beyond performing the procedures to test a sample of costs incurred and billings to customers discussed above. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 1105 4 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For the analytical procedures over certain revenue the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 1105 6 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For the analytical procedures over certain revenue the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2305 16 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For the analytical procedures over certain revenue the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2305 21 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For the analytical procedures over certain other revenue the firm identified a difference in excess of the firm's established threshold but did not obtain any evidential matter to evaluate the difference. (AS 2305.21) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2810 30 During the year the issuer acquired a business. The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2810 31 During the year the issuer acquired a business. The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 19 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · For the first business unit the only control the firm selected for testing over the occurrence of revenue consisted of the issuer's reconciliation of the sales subledger to the general ledger and its review of this reconciliation. The firm did not evaluate whether the design of this control was sufficient to address the risks of material misstatement related to the occurrence of sales transactions in the sales subledger. (AS 2301.19) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 19 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · For the second business unit the firm selected for testing a control that consisted of the issuer's review of sales transactions included in the general ledger. The firm's testing of this control was not sufficient because the firm did not directly test the review procedures that the control owner performed. (AS 2301.19 .21 and .23) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 21 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · For the second business unit the firm selected for testing a control that consisted of the issuer's review of sales transactions included in the general ledger. The firm's testing of this control was not sufficient because the firm did not directly test the review procedures that the control owner performed. (AS 2301.19 .21 and .23) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 23 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · For the second business unit the firm selected for testing a control that consisted of the issuer's review of sales transactions included in the general ledger. The firm's testing of this control was not sufficient because the firm did not directly test the review procedures that the control owner performed. (AS 2301.19 .21 and .23) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 16 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 18 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 37 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 19 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 23 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 23A The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · For certain transactions selected for testing the firm did not perform any procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · For certain transactions selected for testing the firm did not perform any procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · For certain other transactions selected for testing the firm used issuer-produced data or information from external sources in its testing. The firm did not (1) test or test any controls over the accuracy and completeness of the issuer-produced data or (2) evaluate the reliability of the external information. (AS 1105.04 .06 and .10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · For certain other transactions selected for testing the firm used issuer-produced data or information from external sources in its testing. The firm did not (1) test or test any controls over the accuracy and completeness of the issuer-produced data or (2) evaluate the reliability of the external information. (AS 1105.04 .06 and .10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · For certain other transactions selected for testing the firm used issuer-produced data or information from external sources in its testing. The firm did not (1) test or test any controls over the accuracy and completeness of the issuer-produced data or (2) evaluate the reliability of the external information. (AS 1105.04 .06 and .10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · The firm did not evaluate whether the issuer (1) was acting as a principal or as an agent and (2) appropriately disclosed whether revenue was recognized at a point in time or over time. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 10 The issuer used forecasted cash flows in its assessment of certain amortizable intangible assets for possible impairment. The firm's approach for substantively testing the valuation of these intangible assets was to test the issuer's process. The following deficiencies were identified: · For one of the issuer's asset groups the firm did not evaluate whether the issuer's inclusion of expected cash flows from a certain product in its forecasted cash flows was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 5 AS 2501 16 The issuer used forecasted cash flows in its assessment of certain amortizable intangible assets for possible impairment. The firm's approach for substantively testing the valuation of these intangible assets was to test the issuer's process. The following deficiencies were identified: · For one of the issuer's asset groups the firm did not evaluate the reasonableness of the significant assumptions the issuer used related to the expected cash flows from this product beyond obtaining evidence from an external party that this product was under development. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 6 AS 1105 10 The issuer used forecasted cash flows in its assessment of certain amortizable intangible assets for possible impairment. The firm's approach for substantively testing the valuation of these intangible assets was to test the issuer's process. The following deficiencies were identified: · For the other asset groups the firm used an issuer-prepared spreadsheet in its substantive testing of the issuer's allocation of historical revenue to these asset groups. The firm did not test or test any controls over the accuracy of this spreadsheet. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 7 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 7 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to inventory. The firm selected for testing an automated control that used data generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls the firm's testing of this automated control was not sufficient. (AS 2201.46) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to inventory. The firm selected for testing an automated control that used data generated or maintained by these IT systems. · The firm selected for testing two controls over change management and one control over transaction processing within these IT systems. The firm did not evaluate whether user access to perform the control over transaction processing was appropriately restricted for one of these IT systems. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to inventory. The firm selected for testing an automated control that used data generated or maintained by these IT systems. · The firm selected for testing a control over user access to these IT systems but did not perform procedures to test or test any controls over the accuracy and completeness of certain reports that the firm used in its testing. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to inventory. The firm selected for testing an automated control that used data generated or maintained by these IT systems. · The firm selected for testing a control over user access to these IT systems but did not perform procedures to test or test any controls over the accuracy and completeness of certain reports that the firm used in its testing. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to inventory. The firm selected for testing an automated control that used data generated or maintained by these IT systems. · The firm selected for testing two controls over change management and one control over transaction processing within these IT systems. The firm did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing these controls. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm did not identify and test any controls that addressed the risk related to the accuracy and completeness of data transferred from the issuer's inventory subledger to the general ledger. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm selected for testing controls over the calculation of the issuer's excess and obsolete inventory reserve and inventory unit costs. The firm did not identify and test any controls over the accuracy and completeness of certain system-generated data or reports that were used in the operation of these controls. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 16 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 18 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 37 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2315 19 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2315 23 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2315 23A The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The firm did not perform procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports that the firm used in its substantive testing. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 9 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. During the year the issuer acquired a business. The firm selected for testing controls that consisted of the issuer's reviews of the fair values of tangible assets acquired and liabilities assumed. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the fair values of certain of these tangible assets acquired and liabilities assumed. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 9 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. During the year the issuer acquired a business. The firm selected for testing controls that consisted of the issuer's reviews of the fair values of tangible assets acquired and liabilities assumed. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the fair values of certain of these tangible assets acquired and liabilities assumed. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2501 16 The firm's approach for substantively testing the allowance for loan losses (ALL) was to test the issuer's process. The following deficiencies were identified: · For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using various qualitative factors. The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions the issuer used to develop these qualitative factors. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2501 16 The firm's approach for substantively testing the allowance for loan losses (ALL) was to test the issuer's process. The following deficiencies were identified: · The issuer also reported an unallocated reserve component of the ALL. The firm did not evaluate the reasonableness of the significant assumptions the issuer used to develop this component. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Payroll Expenses 1 AS 2301 8 The issuer used a service organization to process and record transactions related to payroll expense and the firm used a report produced by the service organization in its substantive testing. The firm did not perform any procedures that addressed the accuracy and completeness of this report. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Operating Expenses 1 AS 2301 8 The issuer included payroll costs as a component of various operating expenses it reported. The firm did not perform any substantive procedures to test whether the issuer had appropriately classified these payroll costs. (AS 2301.08) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers related to significant payment terms. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and concluded that a misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers related to significant payment terms. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and concluded that a misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2810 30 For one type of revenue the issuer determined that it was the agent in the arrangements with its customers and recognized revenue on a net basis. The firm did not identify and evaluate a misstatement in the issuer's disclosures related to this revenue in which the issuer disclosed it was the principal and recognized revenue on a gross basis. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and concluded that a misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2810 31 For one type of revenue the issuer determined that it was the agent in the arrangements with its customers and recognized revenue on a net basis. The firm did not identify and evaluate a misstatement in the issuer's disclosures related to this revenue in which the issuer disclosed it was the principal and recognized revenue on a gross basis. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and concluded that a misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 3 AS 2301 8 For another type of revenue the firm did not perform any substantive procedures beyond reading an issuer-prepared memorandum to evaluate whether the issuer's recognition of this revenue and related disclosure was in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 3 AS 2301 13 For another type of revenue the firm did not perform any substantive procedures beyond reading an issuer-prepared memorandum to evaluate whether the issuer's recognition of this revenue and related disclosure was in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 4 AS 2301 8 For both types of revenue at one of the issuer's business units the firm did not perform any procedures to test whether the performance obligation had been satisfied when revenue was recognized for certain transactions that the firm selected for testing. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 4 AS 2301 13 For both types of revenue at one of the issuer's business units the firm did not perform any procedures to test whether the performance obligation had been satisfied when revenue was recognized for certain transactions that the firm selected for testing. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 5 AS 1105 A8b During the year the issuer acquired two businesses and determined the fair values of certain acquired intangible assets using cash-flow forecasts. For one business combination the issuer engaged a specialist to determine the fair values of certain acquired intangible assets and contingent consideration. The firm's approach for substantively testing the fair values of these intangible assets and the contingent consideration was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist or the issuer and used by the company's specialist including not sufficiently taking into account the issuer's intent and ability to carry out the cash-flow forecasts that assumed significant revenue growth because its procedures were limited to inquiring of management comparing these assumptions to historical financial information and for the first year of the cash-flow forecasts using historical financial information to corroborate management's explanations for certain differences between these assumptions and actual results. (AS 1105.A8b; AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 5 AS 2501 16 During the year the issuer acquired two businesses and determined the fair values of certain acquired intangible assets using cash-flow forecasts. For one business combination the issuer engaged a specialist to determine the fair values of certain acquired intangible assets and contingent consideration. The firm's approach for substantively testing the fair values of these intangible assets and the contingent consideration was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist or the issuer and used by the company's specialist including not sufficiently taking into account the issuer's intent and ability to carry out the cash-flow forecasts that assumed significant revenue growth because its procedures were limited to inquiring of management comparing these assumptions to historical financial information and for the first year of the cash-flow forecasts using historical financial information to corroborate management's explanations for certain differences between these assumptions and actual results. (AS 1105.A8b; AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 5 AS 2501 17 During the year the issuer acquired two businesses and determined the fair values of certain acquired intangible assets using cash-flow forecasts. For one business combination the issuer engaged a specialist to determine the fair values of certain acquired intangible assets and contingent consideration. The firm's approach for substantively testing the fair values of these intangible assets and the contingent consideration was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist or the issuer and used by the company's specialist including not sufficiently taking into account the issuer's intent and ability to carry out the cash-flow forecasts that assumed significant revenue growth because its procedures were limited to inquiring of management comparing these assumptions to historical financial information and for the first year of the cash-flow forecasts using historical financial information to corroborate management's explanations for certain differences between these assumptions and actual results. (AS 1105.A8b; AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 6 AS 1105 10 During the year the issuer acquired two businesses and determined the fair values of certain acquired intangible assets using cash-flow forecasts. For one business combination the issuer engaged a specialist to determine the fair values of certain acquired intangible assets and contingent consideration. The firm's approach for substantively testing the fair values of these intangible assets and the contingent consideration was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the accuracy and completeness of the historical financial information that (1) it used in evaluating the reasonableness of the significant assumptions discussed above and (2) the company's specialist used in determining the fair value of the contingent consideration. (AS 1105.10 and .A8a) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 6 AS 1105 A8a During the year the issuer acquired two businesses and determined the fair values of certain acquired intangible assets using cash-flow forecasts. For one business combination the issuer engaged a specialist to determine the fair values of certain acquired intangible assets and contingent consideration. The firm's approach for substantively testing the fair values of these intangible assets and the contingent consideration was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the accuracy and completeness of the historical financial information that (1) it used in evaluating the reasonableness of the significant assumptions discussed above and (2) the company's specialist used in determining the fair value of the contingent consideration. (AS 1105.10 and .A8a) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 7 AS 2810 30 For both business combinations the firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to these business combinations and determined that certain disclosures were omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 7 AS 2810 31 For both business combinations the firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to these business combinations and determined that certain disclosures were omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 16 The issuer recognized revenue from a contract over time based on costs incurred to date relative to total estimated costs to complete. The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete this contract beyond inquiring of project managers. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 2501 7 The issuer performed a qualitative assessment of possible impairment for one intangible asset and a quantitative assessment of possible impairment for another intangible asset. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the issuer's quantitative assessment beyond reading an issuer-prepared memorandum and inquiring of issuer personnel. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2301 8 The issuer performed a qualitative assessment of possible impairment for one intangible asset and a quantitative assessment of possible impairment for another intangible asset. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the issuer's quantitative assessment beyond reading an issuer-prepared memorandum and inquiring of issuer personnel. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2301 11 The issuer performed a qualitative assessment of possible impairment for one intangible asset and a quantitative assessment of possible impairment for another intangible asset. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the issuer's quantitative assessment beyond reading an issuer-prepared memorandum and inquiring of issuer personnel. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2810 3 The issuer performed a qualitative assessment of possible impairment for one intangible asset and a quantitative assessment of possible impairment for another intangible asset. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the issuer's quantitative assessment beyond reading an issuer-prepared memorandum and inquiring of issuer personnel. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2501 16 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions that the issuer used in these cash-flow forecasts. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions that the issuer used in these cash-flow forecasts including not sufficiently taking into account the issuer's intent and ability to carry out these cash-flow forecasts because its procedures were limited to comparing these assumptions to historical financial information and reading a purchase commitment agreement for one customer. (AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2501 17 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions that the issuer used in these cash-flow forecasts including not sufficiently taking into account the issuer's intent and ability to carry out these cash-flow forecasts because its procedures were limited to comparing these assumptions to historical financial information and reading a purchase commitment agreement for one customer. (AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired assets including certain intangible assets. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of the external data that the company's specialist used to determine the fair values of these intangible assets. (AS 1105.A8a) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired assets including certain intangible assets. The following deficiencies were identified: Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired assets including certain intangible assets. The following deficiencies were identified: Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2501 16 The issuer recognized revenue from certain contracts over time based on costs incurred to date relative to total estimated costs to complete. The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete the contracts that the firm selected for testing. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2305 16 The firm's substantive procedures to test certain revenue consisted of performing substantive analytical procedures. The firm used data produced by the issuer to develop its expectations but did not test or test controls over the accuracy and completeness of certain of these data. (AS 2305.16) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 1 AS 2415 3 The firm did not evaluate certain conditions and events that were present at the issuer prior to the issuance of the financial statements that indicated that there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time. (AS 2415.03) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 2 AS 2810 30 The firm did not identify and evaluate that the issuer's presentation of certain debt as long term was not in conformity with FASB ASC Topic 470 Debt. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 2 AS 2810 31 The firm did not identify and evaluate that the issuer's presentation of certain debt as long term was not in conformity with FASB ASC Topic 470 Debt. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 3 AS 2810 30 The firm did not identify and evaluate a misstatement in the issuer's disclosures under FASB ASC Subtopic 860-30 Transfers and Servicing – Secured Borrowing and Collateral related to the carrying amount of its assets pledged as collateral. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 3 AS 2810 31 The firm did not identify and evaluate a misstatement in the issuer's disclosures under FASB ASC Subtopic 860-30 Transfers and Servicing – Secured Borrowing and Collateral related to the carrying amount of its assets pledged as collateral. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 4 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's presentation and disclosure of its unused financing arrangements. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 39 The firm did not identify and test any controls over the issuer's amortization of premiums and accretion of discounts on its investment securities. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's amortization of premiums and accretion of discounts on these investment securities. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2201 39 The firm did not identify and test any controls over the issuer's (1) classification of certain investment securities and (2) evaluation of whether certain other investment securities were impaired. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 8 AS 2301 8 The firm did not perform any substantive procedures to test the (1) issuer's classification of certain investment securities and (2) whether certain other investment securities were impaired. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 1 AS 2810 30 Certain of the issuer's debt was collateralized by the issuer's loans and investment securities that were held in custody by the lending party. As of the current year end the issuer disclosed information related to assets pledged as collateral for this debt and amended its prior-year comparative disclosure. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of required disclosures related to (1) the carrying amount of its assets pledged as collateral as of the current year end under FASB ASC Subtopic 860-30 and (2) the amendment of its assets pledged as collateral as of the prior year end under FASB ASC Topic 250 Accounting Changes and Error Corrections (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 1 AS 2810 31 Certain of the issuer's debt was collateralized by the issuer's loans and investment securities that were held in custody by the lending party. As of the current year end the issuer disclosed information related to assets pledged as collateral for this debt and amended its prior-year comparative disclosure. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of required disclosures related to (1) the carrying amount of its assets pledged as collateral as of the current year end under FASB ASC Subtopic 860-30 and (2) the amendment of its assets pledged as collateral as of the prior year end under FASB ASC Topic 250 Accounting Changes and Error Corrections (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 2 AS 1105 10 Certain of the issuer's debt was collateralized by the issuer's loans and investment securities that were held in custody by the lending party. As of the current year end the issuer disclosed information related to assets pledged as collateral for this debt and amended its prior-year comparative disclosure. The following deficiencies were identified: · The firm used certain information provided by the issuer to test the loans pledged as collateral but did not perform any procedures to test or test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of certain assumptions used to estimate the quantitative component of the allowance for credit losses (ACL) but did not identify and test any controls over the accuracy and completeness of an issuer-prepared analysis that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 42 The firm identified and tested a control that consisted of the issuer's review of the allowance for credit losses (ACL) including a comparison of certain metrics between the issuer and its peers. The firm did not evaluate the specific review procedures that the control owner performed to determine which peers to select for comparison. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 44 The firm identified and tested a control that consisted of the issuer's review of the allowance for credit losses (ACL) including a comparison of certain metrics between the issuer and its peers. The firm did not evaluate the specific review procedures that the control owner performed to determine which peers to select for comparison. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 42 The firm identified and tested a control that consisted of the issuer's review of the allowance for credit losses (ACL) including a comparison of certain metrics between the issuer and its peers. The firm did not test the aspects of this control that addressed the accuracy and completeness of the peer information that the control owner used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 44 The firm identified and tested a control that consisted of the issuer's review of the allowance for credit losses (ACL) including a comparison of certain metrics between the issuer and its peers. The firm did not test the aspects of this control that addressed the accuracy and completeness of the peer information that the control owner used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2201 39 The firm did not identify and test any controls over the issuer's valuation and presentation and disclosure of certain investment securities. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2501 7 The firm did not perform any substantive procedures to test the valuation of these investment securities. (AS 2501.07) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 8 AS 2301 8 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these investment securities within the fair value hierarchy set forth in FASB ASC Topic 820 Fair Value Measurement beyond tracing the balances that were disclosed for each category to issuer-prepared schedules. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The firm did not identify and test any controls over the reasonableness of the methods and assumptions the issuer used to value these securities. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 39 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The firm did not identify and test any controls over the observability of the pricing inputs at the individual instrument level that the issuer used to determine the categorization of these securities within the fair value hierarchy as set forth in FASB ASC Topic 820. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2301 8 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these securities within the fair value hierarchy beyond tracing the balances that were disclosed for each category to issuer-prepared schedules. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2301 16 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2301 18 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2301 37 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2315 19 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2315 23 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2315 23A The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 5 AS 2201 39 The issuer disclosed (1) the lowest available credit rating by security type for its held-to-maturity securities and (2) the size and maturity date of certain deposit liabilities. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules used to develop these disclosures. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 39 The issuer disclosed (1) the lowest available credit rating by security type for its held-to-maturity securities and (2) the size and maturity date of certain deposit liabilities. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules used to develop these disclosures. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 6 AS 1105 10 The issuer disclosed (1) the lowest available credit rating by security type for its held-to-maturity securities and (2) the size and maturity date of certain deposit liabilities. The following deficiencies were identified: · The firm used these issuer-prepared schedules in its testing of these disclosures but did not perform any procedures to test or test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 1105 10 The issuer disclosed (1) the lowest available credit rating by security type for its held-to-maturity securities and (2) the size and maturity date of certain deposit liabilities. The following deficiencies were identified: · The firm used these issuer-prepared schedules in its testing of these disclosures but did not perform any procedures to test or test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2810 30 The issuer reduced the number of its reporting units in the current year and reallocated the goodwill balance to the remaining reporting units based on their relative fair values. The following deficiencies were identified: · The firm did not identify and evaluate that this reallocation was not in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its allocation of goodwill to its reporting units and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer adjusted this allocation in a subsequent filing. Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2810 31 The issuer reduced the number of its reporting units in the current year and reallocated the goodwill balance to the remaining reporting units based on their relative fair values. The following deficiencies were identified: · The firm did not identify and evaluate that this reallocation was not in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its allocation of goodwill to its reporting units and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer adjusted this allocation in a subsequent filing. Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2301 8 The issuer reduced the number of its reporting units in the current year and reallocated the goodwill balance to the remaining reporting units based on their relative fair values. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether the goodwill associated with any of the previous reporting units may have been impaired at the time of the issuer's reduction in the number of reporting units because its procedures were limited to reading an issuer-prepared memorandum and inquiring of management. (AS 2301.08) In connection with our review the issuer reevaluated its allocation of goodwill to its reporting units and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer adjusted this allocation in a subsequent filing. Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 42 The issuer used an internally developed model to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's annual validation of this model as of an interim date. The firm did not evaluate whether this control's operation six months prior to year end was sufficient to address the risks of material misstatement at year end. (AS 2201.42) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 1201 C6 The issuer used an internally developed model to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. The following deficiencies were identified: · The firm's approach for substantively testing the quantitative component of the ACL for loans collectively evaluated for impairment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently evaluate whether the methods used by the issuer were appropriate because the firm did not identify that the auditor-employed specialist did not perform any procedures to test the issuer's model at year end. (AS 1201.C6 and .C7; AS 2501.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 1201 C7 The issuer used an internally developed model to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. The following deficiencies were identified: · The firm's approach for substantively testing the quantitative component of the ACL for loans collectively evaluated for impairment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently evaluate whether the methods used by the issuer were appropriate because the firm did not identify that the auditor-employed specialist did not perform any procedures to test the issuer's model at year end. (AS 1201.C6 and .C7; AS 2501.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2501 10 The issuer used an internally developed model to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. The following deficiencies were identified: · The firm's approach for substantively testing the quantitative component of the ACL for loans collectively evaluated for impairment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently evaluate whether the methods used by the issuer were appropriate because the firm did not identify that the auditor-employed specialist did not perform any procedures to test the issuer's model at year end. (AS 1201.C6 and .C7; AS 2501.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 The firm identified a control deficiency related to the review of the prices the issuer used to recognize revenue for certain locations. The firm identified compensating controls that it believed would mitigate this deficiency but did not test these controls. (AS 2201.68) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm did not identify and test any controls related to certain revenue disclosures. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm did not perform any substantive procedures to test these revenue disclosures. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 The firm did not identify and test any controls over sales allowances. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 8 The firm did not perform any substantive procedures to test sales allowances. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The firm did not identify and test any controls over the issuer's evaluation of the lower of cost or net realizable value for certain inventory. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 8 The firm did not perform any substantive procedures to test whether this inventory was recorded at the lower of cost or net realizable value. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2201 39 The firm did not identify and test any controls over the issuer's allocation of labor and overhead costs to inventory. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2301 8 The firm did not perform any substantive procedures to test whether the labor and overhead costs the issuer capitalized to inventory were appropriate. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2201 68 The firm identified various control deficiencies related to inventory. The firm identified and tested compensating controls that it believed would mitigate certain of these deficiencies but did not identify that these controls were dependent on the operating effectiveness of the deficient controls. (AS 2201.68) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized revenue from certain contracts as single performance obligations satisfied over time. With respect to the issuer's revenue recognition: The firm did not identify and test any controls over the issuer's identification and evaluation of contract terms with its customers that could affect revenue recognition. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 The issuer recognized revenue from certain contracts as single performance obligations satisfied over time. With respect to the issuer's revenue recognition: The firm did not perform any substantive procedures to evaluate the issuer's contract terms with its customers to determine whether the issuer recognized this revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer recognized revenue from certain contracts as single performance obligations satisfied over time. With respect to the issuer's disclosures of its unsatisfied performance obligations: The firm did not identify and test any controls over the issuer's identification and evaluation of contracts that could be cancelled by the customer which could affect the issuer's disclosures of unsatisfied performance obligations. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The issuer recognized revenue from certain contracts as single performance obligations satisfied over time. With respect to the issuer's disclosures of its unsatisfied performance obligations: The firm did not perform any substantive procedures to identify whether the issuer's contracts could be cancelled by the customer and evaluate the effect of those contract terms to determine whether the issuer's disclosures of unsatisfied performance obligations were in conformity with FASB ASC Topic 606. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 5 AS 2201 42 The firm selected for testing a control that included the issuer's review of its segment disclosures but did not test the aspect of the control that addressed the accuracy and completeness of the issuer-prepared schedules used to prepare these disclosures. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 5 AS 2201 44 The firm selected for testing a control that included the issuer's review of its segment disclosures but did not test the aspect of the control that addressed the accuracy and completeness of the issuer-prepared schedules used to prepare these disclosures. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 6 AS 2810 30 The firm did not identify and evaluate certain misstatements in a required disclosure under FASB ASC Topic 280 Segment Reporting. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 6 AS 2810 31 The firm did not identify and evaluate certain misstatements in a required disclosure under FASB ASC Topic 280 Segment Reporting. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether certain of these codes were appropriately assigned by the IT system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether certain of these codes were appropriately assigned by the IT system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of revenue transactions that exceeded a monetary threshold but did not evaluate whether this threshold was sufficiently precise to detect misstatements that could be material. (AS 2201.42) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of revenue transactions that exceeded a monetary threshold but did not evaluate whether this threshold was sufficiently precise to detect misstatements that could be material. (AS 2201.42) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 42 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether the amount to be recorded as revenue was appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether the amount to be recorded as revenue was appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 44 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether the amount to be recorded as revenue was appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether the amount to be recorded as revenue was appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 39 The firm did not identify and test any controls over the accounts receivable allowance and bad debt expense. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 8 The firm did not perform any substantive procedures to test the accounts receivable allowance and bad debt expense. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules used to develop this disclosure. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 1105 10 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm used these issuer-prepared schedules in its testing of this disclosure but did not perform any procedures to test or test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2810 30 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in this disclosure. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2810 31 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in this disclosure. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The issuer recorded most of its AFS securities at fair value based on prices including broker quotes it obtained from external pricing services. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's evaluation of the appropriateness of the methods and assumptions used by the external pricing services. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the methods and assumptions underlying broker quotes obtained from the pricing services. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The issuer recorded most of its AFS securities at fair value based on prices including broker quotes it obtained from external pricing services. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's evaluation of the appropriateness of the methods and assumptions used by the external pricing services. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the methods and assumptions underlying broker quotes obtained from the pricing services. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 39 The issuer recorded most of its AFS securities at fair value based on prices including broker quotes it obtained from external pricing services. The following deficiencies were identified: · The firm did not identify and test any controls over the observability of the pricing inputs related to broker-priced AFS securities at the individual instrument level that the issuer used to determine the categorization of these AFS securities within the fair value hierarchy as set forth in FASB ASC Topic 820. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2301 8 The issuer recorded most of its AFS securities at fair value based on prices including broker quotes it obtained from external pricing services. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these AFS securities within the fair value hierarchy beyond tracing the balances that were disclosed for each category to issuer-prepared schedules. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 39 For AFS securities for which prices could not be obtained the issuer used the original purchase price to approximate fair value. The firm did not identify and test any controls that addressed whether the issuer's use of purchase price was an appropriate approximation of fair value for these AFS securities. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 1 AS 2201 42 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the fair values of these investments. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assumptions that the issuer used to determine the fair values including the relevance of certain external market data. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 1 AS 2201 44 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the fair values of these investments. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assumptions that the issuer used to determine the fair values including the relevance of certain external market data. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2301 16 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2301 18 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2301 37 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2315 19 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2315 23 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2315 23A The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 68 The issuer valued inventory for one of its segments using the last-in first-out (LIFO) method and determined its quarterly LIFO adjustments based on the LIFO inventory balances for each of its inventory categories. The following deficiencies were identified: · The firm identified a control deficiency related to the issuer's quarterly review of the LIFO adjustment for each inventory category. The firm identified and tested a compensating control that it believed mitigated this deficiency but did not identify that this compensating control did not operate at the inventory-category level and involved the review of gross margins before they were adjusted for LIFO. (AS 2201.68) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2305 13 The issuer valued inventory for one of its segments using the last-in first-out (LIFO) method and determined its quarterly LIFO adjustments based on the LIFO inventory balances for each of its inventory categories. The following deficiencies were identified: · The firm's substantive procedures to test the issuer's year-end LIFO adjustment consisted of performing substantive analytical procedures. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2305 14 The issuer valued inventory for one of its segments using the last-in first-out (LIFO) method and determined its quarterly LIFO adjustments based on the LIFO inventory balances for each of its inventory categories. The following deficiencies were identified: · The firm's substantive procedures to test the issuer's year-end LIFO adjustment consisted of performing substantive analytical procedures. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2305 17 The issuer valued inventory for one of its segments using the last-in first-out (LIFO) method and determined its quarterly LIFO adjustments based on the LIFO inventory balances for each of its inventory categories. The following deficiencies were identified: · The firm's substantive procedures to test the issuer's year-end LIFO adjustment consisted of performing substantive analytical procedures. The expectations the firm used were not sufficiently precise to identify differences that could be potential material misstatements individually or in the aggregate because the data used to develop the expectations did not address the issuer's determination of LIFO adjustments at the inventory-category level. (AS 2305.17) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer disclosed the aggregate amount of transaction prices allocated to unsatisfied performance obligations and during the year made modifications to certain existing contracts that resulted in a change in the time frame for a performance obligation to be satisfied. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules used to develop the disclosure of unsatisfied performance obligations. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer disclosed the aggregate amount of transaction prices allocated to unsatisfied performance obligations and during the year made modifications to certain existing contracts that resulted in a change in the time frame for a performance obligation to be satisfied. The following deficiencies were identified: · The firm used these issuer-prepared schedules in its testing of this disclosure but did not perform any procedures to test or test any controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The issuer disclosed the aggregate amount of transaction prices allocated to unsatisfied performance obligations and during the year made modifications to certain existing contracts that resulted in a change in the time frame for a performance obligation to be satisfied. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the modifications to certain existing contracts to determine whether the issuer's disclosures of unsatisfied performance obligations were in conformity with FASB ASC Topic 606. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 42 The issuer designated certain instruments as net investment hedges under FASB ASC Topic 815 Derivatives and Hedging. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its hedge accounting but did not evaluate the specific review procedures that the control owner performed over the accuracy and completeness of the issuer-prepared schedules used to evaluate the hedge accounting. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 44 The issuer designated certain instruments as net investment hedges under FASB ASC Topic 815 Derivatives and Hedging. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its hedge accounting but did not evaluate the specific review procedures that the control owner performed over the accuracy and completeness of the issuer-prepared schedules used to evaluate the hedge accounting. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 2 AS 2305 16 The issuer designated certain instruments as net investment hedges under FASB ASC Topic 815 Derivatives and Hedging. The following deficiencies were identified: · The firm's substantive procedures to test these net investment hedges consisted of substantive analytical procedures. The firm used data produced by the issuer to develop its expectations but did not test or test any controls over the accuracy and completeness of these data. (AS 2305.16) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2201 39 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of this disclosure but did not identify and test any controls over the accuracy and completeness of the data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 1105 10 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm used these data in its substantive testing of this disclosure but did not perform any procedures to test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used two internally developed IT systems to process transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated controls that used data generated or maintained by these IT systems. As a result of deficiencies in the firm's testing of IT general controls the firm's testing of these automated controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used two internally developed IT systems to process transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated controls that used data generated or maintained by these IT systems. With respect to change management: · The firm selected for testing controls over change management for these IT systems but did not perform any procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to these systems. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used two internally developed IT systems to process transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated controls that used data generated or maintained by these IT systems. With respect to change management: · The firm selected for testing a control that consisted of the review of segregation of duties for these IT systems. The firm did not test beyond inquiry the aspect of the control that addressed whether certain users with the ability to develop changes also had the ability to implement those changes. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used two internally developed IT systems to process transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated controls that used data generated or maintained by these IT systems. With respect to change management: · The firm selected for testing a control that consisted of the review of segregation of duties for these IT systems. The firm did not test beyond inquiry the aspect of the control that addressed whether certain users with the ability to develop changes also had the ability to implement those changes. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used two IT systems to initiate process and record transactions related to one type of revenue. The firm tested automated controls that used certain data that were input into these systems but did not identify and test any controls that addressed the accuracy and completeness of these data. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer recognized certain of this revenue upon delivery based on the delivery dates that were manually entered into the system. The firm did not identify and test any controls that addressed the accuracy and completeness of those delivery dates. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The firm used certain data from these systems in its substantive testing of this revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 1 AS 2810 30 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not identify and evaluate that the issuer did not comply with FASB ASC Topic 350 Intangibles – Goodwill and Other and FASB ASC Topic 360 Property Plant and Equipment because the issuer performed its impairment assessment of goodwill prior to performing its assessment of long-lived assets for possible impairment. (AS 2810.30) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 2 AS 2501 16 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions including taking into account factors affecting the issuer's intent and ability to carry out these assumptions because its procedures were limited to inquiring of management and evaluating the assumptions for consistency with recent experience. (AS 2501.16 and .17) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 2 AS 2501 17 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions including taking into account factors affecting the issuer's intent and ability to carry out these assumptions because its procedures were limited to inquiring of management and evaluating the assumptions for consistency with recent experience. (AS 2501.16 and .17) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 3 AS 1105 4 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions because its procedures were limited to evaluating the assumptions for consistency with certain industry information. Further the firm did not perform procedures to evaluate the relevance and reliability of this industry information. (AS 1105.04 and .06; AS 2501.16) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 3 AS 1105 6 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions because its procedures were limited to evaluating the assumptions for consistency with certain industry information. Further the firm did not perform procedures to evaluate the relevance and reliability of this industry information. (AS 1105.04 and .06; AS 2501.16) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 3 AS 2501 16 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions because its procedures were limited to evaluating the assumptions for consistency with certain industry information. Further the firm did not perform procedures to evaluate the relevance and reliability of this industry information. (AS 1105.04 and .06; AS 2501.16) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Journal Entries Fraud Risk 4 AS 2401 58 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm did not perform any substantive procedures to test journal entries to address this risk at certain business units. (AS 2401.58) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used several information-technology (IT) systems to process and record certain revenue at one business unit. The following deficiencies were identified: · The firm did not identify and test any controls that addressed a risk of material misstatement related to the occurrence of revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used several information-technology (IT) systems to process and record certain revenue at one business unit. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of price list changes processed through certain of the issuer's IT systems. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of these controls. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer used several information-technology (IT) systems to process and record certain revenue at one business unit. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of price list changes processed through certain of the issuer's IT systems. The firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing these controls. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 The issuer used several information-technology (IT) systems to process and record certain revenue at one business unit. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether pricing was accurately applied in the recording of revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 8 For revenue at three business units one of which was affected by the audit deficiencies discussed above the following additional deficiencies were identified: · The firm did not evaluate whether the issuer was acting as a principal or as an agent. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 8 For revenue at three business units one of which was affected by the audit deficiencies discussed above the following additional deficiencies were identified: · The firm did not test whether revenue was recognized according to the contractual pricing. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 24 For revenue at three business units one of which was affected by the audit deficiencies discussed above the following additional deficiencies were identified: · For two of these business units the firm's procedures to test this revenue consisted of testing a sample of transactions from certain periods. The firm did not perform any procedures to test the remaining population of this revenue. (AS 2315.24) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 62 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm identified control deficiencies related to several complementary user controls that consisted of the issuer's (1) granting and removal of access to these IT systems and/or (2) monitoring of computer operations. The firm did not evaluate the effect of these deficiencies on the issuer's ability to meet control objectives stated in the service auditor's reports. (AS 2201.62 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 B22 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm identified control deficiencies related to several complementary user controls that consisted of the issuer's (1) granting and removal of access to these IT systems and/or (2) monitoring of computer operations. The firm did not evaluate the effect of these deficiencies on the issuer's ability to meet control objectives stated in the service auditor's reports. (AS 2201.62 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2201 39 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer had implemented certain of these controls. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2201 B22 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer had implemented certain of these controls. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 42 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not identify that certain of these controls were not designed to satisfy the control objectives described in certain of the service auditor's reports. (AS 2201.42 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 B22 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not identify that certain of these controls were not designed to satisfy the control objectives described in certain of the service auditor's reports. (AS 2201.42 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2301 8 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the accuracy and completeness of certain reports produced by the service organizations that the firm used in its substantive testing. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2301 8 For revenue at one of these five business units the following additional deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the terms and conditions included in customer contracts. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 13 AS 2810 30 For revenue at one of these five business units the following additional deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain required disclosures related to this revenue. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 13 AS 2810 31 For revenue at one of these five business units the following additional deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain required disclosures related to this revenue. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 1105 4 For revenue at another business unit the following deficiencies were identified: · The firm did not evaluate the reliability of certain external information that it used in its substantive testing. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 1105 6 For revenue at another business unit the following deficiencies were identified: · The firm did not evaluate the reliability of certain external information that it used in its substantive testing. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 15 AS 2301 8 For revenue at another business unit the following deficiencies were identified: · The issuer recorded this revenue net of certain deductions. The firm did not perform any substantive procedures to test these sales deductions. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 16 AS 2201 42 The firm subjected certain other of the issuer's business units to less extensive audit procedures. The following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing controls that included the issuer's comparisons and reviews of the (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owners performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 16 AS 2201 44 The firm subjected certain other of the issuer's business units to less extensive audit procedures. The following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing controls that included the issuer's comparisons and reviews of the (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owners performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 17 AS 2201 39 The firm subjected certain other of the issuer's business units to less extensive audit procedures. The following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing controls that included the issuer's comparisons and reviews of the (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not identify and test any controls over the review of the budget used in the operation of one of these controls. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 18 AS 1105 10 The firm subjected certain other of the issuer's business units to less extensive audit procedures. The following deficiencies were identified: · For certain of these business units the firm did not perform any procedures to test or test controls over the accuracy and completeness of certain issuer-produced information the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 18 AS 2305 16 The firm subjected certain other of the issuer's business units to less extensive audit procedures. The following deficiencies were identified: · For certain of these business units the firm did not perform any procedures to test or test controls over the accuracy and completeness of certain issuer-produced information the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 19 AS 2201 42 The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the fair values of these investments and/or assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the methods inputs and assumptions used to determine the fair values. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Significant Risk 19 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the fair values of these investments and/or assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the methods inputs and assumptions used to determine the fair values. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 19 AS 2201 44 The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the fair values of these investments and/or assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the methods inputs and assumptions used to determine the fair values. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Significant Risk 19 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the fair values of these investments and/or assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the methods inputs and assumptions used to determine the fair values. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 20 AS 2201 B22 The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm identified misstatements in its substantive testing of certain investments. The firm did not evaluate whether the misstatements it identified should have had an effect on the firm's conclusion about the effectiveness of the issuer's controls. (AS 2201.B8) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Significant Risk 20 AS 2201 B22 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm identified misstatements in its substantive testing of certain investments. The firm did not evaluate whether the misstatements it identified should have had an effect on the firm's conclusion about the effectiveness of the issuer's controls. (AS 2201.B8) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 21 AS 2501 7 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. For certain investments the following additional deficiencies were identified: · For certain of these investments the firm did not perform any procedures to test the fair values. (AS 2501.07) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 22 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. For certain investments the following additional deficiencies were identified: · For another investment the firm did not perform any procedures to evaluate the reasonableness of a significant assumption developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 23 AS 1105 B3 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. For certain investments the following additional deficiencies were identified: · For certain other investments the issuer used the investees' unaudited financial results in estimating the fair values. The firm did not sufficiently evaluate the investees' financial results it used as audit evidence because it did not apply or request that another auditor apply appropriate auditing procedures to the unaudited financial statements. (AS 1105.B3) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 24 AS 2501 16 For certain of these assets the firm used an auditor-employed specialist to assist it with testing the fair values of these assets. The following additional deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 25 AS 1105 A8b For certain of these assets the firm used an auditor-employed specialist to assist it with testing the fair values of these assets. The following additional deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by certain of the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 25 AS 1201 C6 For certain of these assets the firm used an auditor-employed specialist to assist it with testing the fair values of these assets. The following additional deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by certain of the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 25 AS 1201 C7 For certain of these assets the firm used an auditor-employed specialist to assist it with testing the fair values of these assets. The following additional deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by certain of the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 26 AS 2201 39 For certain other of these assets the following additional deficiencies were identified: · The issuer used a service organization for the recordkeeping of these assets and this service organization used sub-service organizations for certain functions. The firm did not obtain an understanding of or test any relevant controls at these sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 26 AS 2201 B19 For certain other of these assets the following additional deficiencies were identified: · The issuer used a service organization for the recordkeeping of these assets and this service organization used sub-service organizations for certain functions. The firm did not obtain an understanding of or test any relevant controls at these sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 27 AS 1105 A8b For certain other of these assets the following additional deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of a significant assumption developed by one of the company's specialists. (AS 1105.A8b) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 28 AS 1105 A8b For certain other of these assets the following additional deficiencies were identified: · The firm did not perform procedures to test or sufficiently test controls over the relevance and reliability of information produced by the service organization discussed above and used by the company's specialist to estimate the fair value of these assets. (AS 1105.A8a) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The issuer used various service organizations to host and/or maintain IT systems that the issuer used to initiate process and record transactions related to revenue at one business unit. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 62 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm identified control deficiencies related to various complementary user controls that consisted of the issuer's reviews of user access to these IT systems. The firm did not sufficiently evaluate the severity of these control deficiencies because it did not evaluate or fully evaluate the magnitude of the potential misstatements resulting from these deficiencies. (AS 2201.62 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 B22 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm identified control deficiencies related to various complementary user controls that consisted of the issuer's reviews of user access to these IT systems. The firm did not sufficiently evaluate the severity of these control deficiencies because it did not evaluate or fully evaluate the magnitude of the potential misstatements resulting from these deficiencies. (AS 2201.62 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · With respect to change management the firm did not test the design and operating effectiveness of certain complementary user controls that the service auditor's report described as necessary. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 B22 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · With respect to change management the firm did not test the design and operating effectiveness of certain complementary user controls that the service auditor's report described as necessary. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 62 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm identified various control deficiencies in its testing of controls. The firm did not perform sufficient procedures to evaluate the severity of these control deficiencies because it did not evaluate the magnitude of the potential misstatements resulting from the deficiencies. (AS 2201.62) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 B8 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm identified multiple misstatements in its substantive testing. The firm did not evaluate whether the misstatements it identified should have had an effect on the firm's conclusion about the effectiveness of the issuer's controls. (AS 2201.B8) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · For one type of revenue the firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing a control that included the issuer's review of the accuracy of pricing information used to record this first type of revenue. The firm did not identify and test any controls over the accuracy of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · For a second type of revenue the firm did not identify and test any controls over the accuracy and completeness of certain information the issuer used to record revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · For the second type of revenue the firm selected for testing a control consisting of the issuer's review of recorded revenue. The firm did not evaluate the specific review procedures that the control owner performed to assess the allocation of revenue. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · For the second type of revenue the firm selected for testing a control consisting of the issuer's review of recorded revenue. The firm did not evaluate the specific review procedures that the control owner performed to assess the allocation of revenue. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · For the second type of revenue the firm selected for testing a control consisting of the issuer's review of recorded revenue. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 11 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For two types of revenue at two business units one of which was affected by certain of the audit deficiencies discussed above the firm used certain issuer-produced information in its substantive testing of this revenue. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 12 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the recognition and fair values of acquired assets including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain assumptions and (2) whether all identifiable intangible assets were recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 12 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the recognition and fair values of acquired assets including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain assumptions and (2) whether all identifiable intangible assets were recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 13 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm did not perform procedures beyond inquiry to evaluate the reasonableness of a significant assumption developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 14 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption developed by the issuer because it did not evaluate significant differences between this assumption and the issuer's historical and recent experience. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 15 AS 1105 4 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of external information it used in its substantive testing of certain significant assumptions. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 15 AS 1105 6 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of external information it used in its substantive testing of certain significant assumptions. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 16 AS 1105 A8a The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information the company's specialist used. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 16 AS 1201 C6 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information the company's specialist used. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 16 AS 1201 C7 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information the company's specialist used. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 17 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The firm did not evaluate whether separately identifiable intangible assets should have been recorded related to (1) certain technology in development and (2) technical expertise possessed by the acquired business. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain business units the issuer used an IT system to initiate process and record transactions related to inventory and revenue. In its testing of controls over these accounts the firm tested various automated controls that used data generated or maintained by this IT system. The firm selected for testing a control over change management for this system but did not evaluate whether this control was designed to address all program changes. (AS 2201.42) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 For certain business units the issuer used an IT system to initiate process and record transactions related to inventory and revenue. In its testing of controls over these accounts the firm tested various automated controls that used data generated or maintained by this IT system. The firm selected for testing a control over change management for this system but did not evaluate whether this control was designed to address all program changes. (AS 2201.42) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 46 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain business units the issuer used an IT system to initiate process and record transactions related to inventory and revenue. In its testing of controls over these accounts the firm tested various automated controls that used data generated or maintained by this IT system. The firm selected for testing a control over change management for this system but did not evaluate whether this control was designed to address all program changes. As a result of the deficiency in the firm's testing of the ITGC the firm's testing of these automated controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 46 For certain business units the issuer used an IT system to initiate process and record transactions related to inventory and revenue. In its testing of controls over these accounts the firm tested various automated controls that used data generated or maintained by this IT system. The firm selected for testing a control over change management for this system but did not evaluate whether this control was designed to address all program changes. As a result of the deficiency in the firm's testing of the ITGC the firm's testing of these automated controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing an automated control over inventory costing. The firm did not sufficiently test the design and operating effectiveness of this control as it limited its testing to only certain scenarios without identifying and evaluating all relevant configurations. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing an automated control over inventory costing. The firm did not sufficiently test the design and operating effectiveness of this control as it limited its testing to only certain scenarios without identifying and evaluating all relevant configurations. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing an automated control over inventory costing. The firm did not identify that this control was not designed to address whether inventory was valued in accordance with the issuer's policy. (AS 2201.42) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm did not identify and test any controls over an input the issuer used in determining the cost of inventory. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The issuer performed cycle counts of inventory and the issuer's cycle-count policy required inventory to be counted at specific frequencies during the year. The firm selected for testing controls that consisted of the issuer's review of cycle-count results. The firm did not test the aspects of one of these controls that addressed whether inventory counts were performed in accordance with the issuer's designated count frequency in its cycle-count policy. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The issuer performed cycle counts of inventory and the issuer's cycle-count policy required inventory to be counted at specific frequencies during the year. The firm selected for testing controls that consisted of the issuer's review of cycle-count results. The firm did not test the aspects of one of these controls that addressed whether inventory counts were performed in accordance with the issuer's designated count frequency in its cycle-count policy. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The issuer performed cycle counts of inventory and the issuer's cycle-count policy required inventory to be counted at specific frequencies during the year. The firm selected for testing controls that consisted of the issuer's review of cycle-count results. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of these controls. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2201 B8 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm identified exceptions in its substantive testing of the existence of inventory but did not evaluate the effect of these exceptions on the effectiveness of the issuer's cycle-count controls. (AS 2201.B8) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. The firm's substantive procedures to test the unit cost of this inventory consisted of selecting a sample of items for testing. The firm did not perform sufficient procedures to test the unit cost because it inspected supporting documentation for only a portion of the quantity of these items held at year end. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. The firm's substantive procedures to test the unit cost of this inventory consisted of selecting a sample of items for testing. The firm did not perform any substantive procedures to test an input used in determining the cost of this inventory. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 11 AS 2501 22 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. The firm's approach to substantively test certain of the issuer's reserve for excess and obsolete inventory was to develop an independent expectation of the estimate. The firm did not perform procedures to demonstrate it had a reasonable basis for an assumption and the method used to develop its independent expectation. (AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2201 42 For certain revenue which was affected by the ITGC testing deficiencies discussed above the issuer recognized revenue when a product was shipped. The firm selected for testing various automated controls over revenue recognition but did not test the aspects of these controls that addressed whether shipment had occurred before revenue was recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2201 44 For certain revenue which was affected by the ITGC testing deficiencies discussed above the issuer recognized revenue when a product was shipped. The firm selected for testing various automated controls over revenue recognition but did not test the aspects of these controls that addressed whether shipment had occurred before revenue was recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 13 AS 2401 58 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm did not perform any substantive procedures to test journal entries to address this risk at certain business units. (AS 2401.58) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 27 For one type of revenue the firm selected the revenue transactions from the issuer's largest customers for testing but did not perform any substantive procedures to test the remaining portion of this revenue. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For one type of revenue the firm selected the revenue transactions from the issuer's largest customers for testing but did not perform any substantive procedures to test the remaining portion of this revenue. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For one type of revenue the firm selected the revenue transactions from the issuer's largest customers for testing but did not perform any substantive procedures to test the remaining portion of this revenue. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For another type of revenue the firm did not perform any substantive procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For another type of revenue the firm did not perform any substantive procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 For both of these types of revenue certain of the issuer's arrangements included multiple performance obligations. The firm did not perform any substantive procedures to evaluate whether the issuer's allocation of revenue to separate performance obligations was based on the relative standalone selling prices. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 4 AS 2301 8 The firm did not perform procedures beyond inquiring of management to test certain deferred revenue. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 2301 8 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The firm did not evaluate whether the issuer in conformity with FASB ASC Topic 350 and FASB ASC Topic 360 performed its assessments of long-lived assets for possible impairment prior to performing an impairment assessment of goodwill. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 2301 8 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The issuer concluded that the carrying amount of one asset group was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 2810 3 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The issuer concluded that the carrying amount of one asset group was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 7 AS 2501 16 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The firm's approach for substantively testing the issuer's impairment assessment for a second asset group was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for its selection of a significant assumption from a range of potential assumptions. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 8 AS 2501 22 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The firm's approach for substantively testing the issuer's impairment assessment for a third asset group was to develop independent expectations of the fair values of these assets. The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for certain significant assumptions it developed because it did not (1) take into account the issuer's intent and ability to carry out these assumptions and (2) demonstrate it had a reasonable basis for its selection of these assumptions from a range of potential assumptions. (AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 9 AS 1105 4 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The firm's approach for substantively testing the issuer's impairment assessment for a third asset group was to develop independent expectations of the fair values of these assets. The firm did not evaluate the relevance and reliability of external information used in developing its independent expectations. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 9 AS 1105 6 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The firm's approach for substantively testing the issuer's impairment assessment for a third asset group was to develop independent expectations of the fair values of these assets. The firm did not evaluate the relevance and reliability of external information used in developing its independent expectations. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 10 AS 2501 10 The firm did not sufficiently evaluate whether the issuer's method to estimate depreciation expense for certain assets was in conformity with FASB ASC Topic 360 because it did not evaluate whether the issuer's method of when to start depreciating an asset represented when the asset was placed in service. (AS 2501.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 11 AS 2301 8 The firm did not perform any procedures to evaluate a difference it identified in its testing of long-lived assets. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 12 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recorded certain revenue based on data in an electronic environment that were tracked and provided by a service organization. The firm used certain information produced by this service organization in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recorded certain revenue based on data in an electronic environment that were tracked and provided by a service organization. The firm used certain information produced by this service organization in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For a second type of revenue the firm did not evaluate whether revenue was recognized in conformity with certain relevant requirements of FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For a second type of revenue the firm did not evaluate whether revenue was recognized in conformity with certain relevant requirements of FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 4 For a second type of revenue the firm did not evaluate the reliability of certain external information it used in its substantive testing of this revenue. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 6 For a second type of revenue the firm did not evaluate the reliability of certain external information it used in its substantive testing of this revenue. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 For a third type of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 For a third type of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1105 A8b The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 1105 A8b The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 2501 16 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 2501 16 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 6 AS 1105 A8a The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 1105 A8a The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 6 AS 1201 C6 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 1201 C6 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 6 AS 1201 C7 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 1201 C7 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 7 AS 2301 8 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable. The firm did not evaluate whether the issuer performed an assessment of long-lived assets for possible impairment which in conformity with FASB ASC Topic 350 and FASB ASC Topic 360 was required to be performed prior to performing an impairment assessment of goodwill. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 7 AS 2301 8 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable. The firm did not evaluate whether the issuer performed an assessment of long-lived assets for possible impairment which in conformity with FASB ASC Topic 350 and FASB ASC Topic 360 was required to be performed prior to performing an impairment assessment of goodwill. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 7 AS 2301 11 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable. The firm did not evaluate whether the issuer performed an assessment of long-lived assets for possible impairment which in conformity with FASB ASC Topic 350 and FASB ASC Topic 360 was required to be performed prior to performing an impairment assessment of goodwill. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 7 AS 2301 11 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable. The firm did not evaluate whether the issuer performed an assessment of long-lived assets for possible impairment which in conformity with FASB ASC Topic 350 and FASB ASC Topic 360 was required to be performed prior to performing an impairment assessment of goodwill. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 8 AS 1105 4 The issuer performed an assessment of its digital assets for possible impairment. The firm used certain external information in its testing of the issuer's impairment assessment but did not evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 8 AS 1105 6 The issuer performed an assessment of its digital assets for possible impairment. The firm used certain external information in its testing of the issuer's impairment assessment but did not evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 10 The issuer recognized certain revenue over time based on labor costs incurred to date relative to total estimated labor costs to complete the contract. The following deficiencies were identified: · For projects designated as complete the firm did not perform sufficient procedures to evaluate whether the method used by the issuer to record revenue was in conformity with FASB ASC Topic 606 because it did not evaluate (1) whether the performance obligations were satisfied and (2) certain evidence that suggested these projects were not complete. (AS 2501.10; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 3 The issuer recognized certain revenue over time based on labor costs incurred to date relative to total estimated labor costs to complete the contract. The following deficiencies were identified: · For projects designated as complete the firm did not perform sufficient procedures to evaluate whether the method used by the issuer to record revenue was in conformity with FASB ASC Topic 606 because it did not evaluate (1) whether the performance obligations were satisfied and (2) certain evidence that suggested these projects were not complete. (AS 2501.10; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2501 16 The issuer recognized certain revenue over time based on labor costs incurred to date relative to total estimated labor costs to complete the contract. The following deficiencies were identified: · For projects designated as in-process the firm did not sufficiently evaluate the reasonableness of the issuer's significant assumption related to total estimated labor hours because it did not evaluate significant differences between this assumption and the issuer's recent experience. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer recognized certain revenue over time based on labor costs incurred to date relative to total estimated labor costs to complete the contract. The following deficiencies were identified: · The firm did not perform any procedures to evaluate certain differences it identified in its testing of labor costs incurred. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The issuer recognized certain revenue over time based on labor costs incurred to date relative to total estimated labor costs to complete the contract. The following deficiencies were identified: · The firm did not perform any procedures to evaluate certain differences it identified in its testing of labor costs incurred. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 For another type of revenue the firm did not perform any substantive procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 For another type of revenue the firm did not perform any substantive procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 For a third type of revenue the firm did not perform any substantive procedures to evaluate the terms and conditions included in customer contracts. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 13 For a third type of revenue the firm did not perform any substantive procedures to evaluate the terms and conditions included in customer contracts. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 2310 33 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. The following deficiencies were identified: · For one confirmation that was returned with exceptions the firm did not evaluate the nature of those exceptions. (AS 2310.33) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 8 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. The following deficiencies were identified: · For certain confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that these balances represented valid receivables as of the confirmation date. (AS 2310.31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 9 AS 2301 8 The firm observed the issuer's physical counts and performed independent test counts of inventory after year end. The following deficiencies were identified: · The firm did not perform any procedures to test the existence of a certain type of inventory. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 10 AS 2510 12 The firm observed the issuer's physical counts and performed independent test counts of inventory after year end. The following deficiencies were identified: · The firm did not perform procedures beyond inquiring of management to test intervening transactions between year end and the date of its inventory observations. (AS 2510.12) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 11 AS 2301 8 The firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. For certain items in its sample the firm did not perform sufficient procedures to test the unit cost because its procedures were limited to comparing the recorded raw materials cost to supporting documentation for the most recent purchase. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 12 AS 2301 8 The firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. For certain other items in its sample the firm did not perform any procedures to test the raw materials cost and/or the labor and overhead costs allocated to these items. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 13 AS 2301 8 The firm did not perform any procedures to evaluate whether certain inventory was recorded at the lower of cost or net realizable value. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 14 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy and completeness of certain information produced by the issuer that the firm used in its testing of the net realizable value of certain other inventory. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recorded revenue net of customer discounts returns rebates and other deductions. The firm did not perform any substantive procedures to test these revenue deductions. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recorded revenue net of customer discounts returns rebates and other deductions. The firm did not perform any substantive procedures to test these revenue deductions. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For one type of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For one type of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 4 AS 2501 16 The issuer capitalized certain labor costs and external costs associated with the development of this asset. Capitalized labor costs were estimated using a significant assumption. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of this significant assumption. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 5 AS 1105 10 The issuer capitalized certain labor costs and external costs associated with the development of this asset. Capitalized labor costs were estimated using a significant assumption. The following deficiencies were identified: · The firm used certain issuer-produced reports in its substantive testing of this asset but did not perform any procedures to test or test controls over the accuracy and completeness of these reports. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 6 AS 2301 8 The issuer capitalized certain labor costs and external costs associated with the development of this asset. Capitalized labor costs were estimated using a significant assumption. The following deficiencies were identified: · The firm did not evaluate whether the issuer's capitalization of external costs was in conformity with FASB ASC Topic 350. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 6 AS 2301 11 The issuer capitalized certain labor costs and external costs associated with the development of this asset. Capitalized labor costs were estimated using a significant assumption. The following deficiencies were identified: · The firm did not evaluate whether the issuer's capitalization of external costs was in conformity with FASB ASC Topic 350. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 7 AS 2501 10 The firm did not evaluate whether the method used by the issuer to estimate amortization expense for capitalized external costs was in conformity with certain requirements of FASB ASC Topic 350. (AS 2501.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 8 AS 2301 8 The issuer performed an assessment of this long-lived asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 8 AS 2301 11 The issuer performed an assessment of this long-lived asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 8 AS 2810 3 The issuer performed an assessment of this long-lived asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2301 8 The issuer performed full physical counts of inventory at various locations before year end. For certain locations the firm observed the issuer's physical counts and performed independent test counts. The following deficiencies were identified: · The firm did not perform any procedures to test the existence of a type of work-in-process inventory at the locations observed. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2301 11 The issuer performed full physical counts of inventory at various locations before year end. For certain locations the firm observed the issuer's physical counts and performed independent test counts. The following deficiencies were identified: · The firm did not perform any procedures to test the existence of a type of work-in-process inventory at the locations observed. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2510 12 The issuer performed full physical counts of inventory at various locations before year end. For certain locations the firm observed the issuer's physical counts and performed independent test counts. The following deficiencies were identified: · For certain inventory the firm did not apply appropriate tests of intervening transactions between the date of the issuer's counts and year end. (AS 2510.12) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2510 9 For certain other locations the firm did not perform any procedures to test the existence of inventory. (AS 2510.09) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2301 8 For certain locations the firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. The following deficiencies were identified: · The firm did not perform procedures to evaluate certain differences it identified in its testing. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2301 11 For certain locations the firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. The following deficiencies were identified: · The firm did not perform procedures to evaluate certain differences it identified in its testing. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 2301 8 For certain locations the firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the labor and overhead costs the issuer capitalized to inventory because its procedures were limited to comparing the costs to those capitalized in the prior year. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 2301 11 For certain locations the firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the labor and overhead costs the issuer capitalized to inventory because its procedures were limited to comparing the costs to those capitalized in the prior year. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 1105 10 For certain locations the firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. The following deficiencies were identified: · The firm did not perform any procedures to test or test controls over the accuracy and completeness of certain issuer-produced information used in its substantive testing. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 8 For certain other locations the firm did not perform any substantive procedures to test the unit cost of inventory. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 11 For certain other locations the firm did not perform any substantive procedures to test the unit cost of inventory. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 8 AS 2501 7 The firm did not perform substantive procedures to test the issuer's inventory reserves. (AS 2501.07) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2315 16 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2315 23 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2315 23A The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2810 30 The firm did not identify and evaluate a misstatement in a disclosure required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2810 31 The firm did not identify and evaluate a misstatement in a disclosure required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2501 10 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the fair value of a portion of the consideration transferred the firm did not evaluate whether the method used by the issuer to determine the fair value was in conformity with FASB ASC Topic 820 Fair Value Measurement. Further the firm did not evaluate certain information provided by the company's specialist that suggested that the issuer's method to determine the fair value of this consideration may not be appropriate. (AS 2501.10; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2810 3 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the fair value of a portion of the consideration transferred the firm did not evaluate whether the method used by the issuer to determine the fair value was in conformity with FASB ASC Topic 820 Fair Value Measurement. Further the firm did not evaluate certain information provided by the company's specialist that suggested that the issuer's method to determine the fair value of this consideration may not be appropriate. (AS 2501.10; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the fair value of the remaining consideration transferred the firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain significant assumptions developed by the company's specialist or by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the fair value of the remaining consideration transferred the firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain significant assumptions developed by the company's specialist or by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1201 C6 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the intangible asset the firm used an auditor-employed specialist to evaluate a significant assumption developed by the issuer. The firm did not identify that the auditor-employed specialist did not perform procedures beyond inquiring of management to evaluate the reasonableness of this assumption. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1201 C7 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the intangible asset the firm used an auditor-employed specialist to evaluate a significant assumption developed by the issuer. The firm did not identify that the auditor-employed specialist did not perform procedures beyond inquiring of management to evaluate the reasonableness of this assumption. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the intangible asset the firm used an auditor-employed specialist to evaluate a significant assumption developed by the issuer. The firm did not identify that the auditor-employed specialist did not perform procedures beyond inquiring of management to evaluate the reasonableness of this assumption. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the intangible asset the firm used an auditor-employed specialist to evaluate a significant assumption developed by the issuer. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of another significant assumption developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue 6 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a disclosure required under FASB ASC Topic 250 Accounting Changes and Error Corrections related to a change in estimate. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue 6 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a disclosure required under FASB ASC Topic 250 Accounting Changes and Error Corrections related to a change in estimate. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1105 A8b The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 1105 A8b The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1201 C6 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 1201 C6 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1201 C7 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 1201 C7 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 4 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because the firm did not evaluate the relevance and reliability of external information it used. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 1105 4 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because the firm did not evaluate the relevance and reliability of external information it used. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 6 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because the firm did not evaluate the relevance and reliability of external information it used. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 1105 6 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because the firm did not evaluate the relevance and reliability of external information it used. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1105 A8a The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not perform any procedures to evaluate the relevance and reliability of certain of this information used by the company's specialist in determining the fair value of the contingent consideration. (AS 1105.A8a) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 1105 A8a The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not perform any procedures to evaluate the relevance and reliability of certain of this information used by the company's specialist in determining the fair value of the contingent consideration. (AS 1105.A8a) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2501 16 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because it did not (1) evaluate a significant difference between one of these assumptions and the issuer's experience or (2) take into account the issuer's intent and ability to carry out certain of these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 16 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because it did not (1) evaluate a significant difference between one of these assumptions and the issuer's experience or (2) take into account the issuer's intent and ability to carry out certain of these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2501 17 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because it did not (1) evaluate a significant difference between one of these assumptions and the issuer's experience or (2) take into account the issuer's intent and ability to carry out certain of these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 17 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because it did not (1) evaluate a significant difference between one of these assumptions and the issuer's experience or (2) take into account the issuer's intent and ability to carry out certain of these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2810 30 For these business combinations the firm did not identify and evaluate the issuer's omission of certain required disclosures related to contingent considerations. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 5 AS 2810 30 For these business combinations the firm did not identify and evaluate the issuer's omission of certain required disclosures related to contingent considerations. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2810 31 For these business combinations the firm did not identify and evaluate the issuer's omission of certain required disclosures related to contingent considerations. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 5 AS 2810 31 For these business combinations the firm did not identify and evaluate the issuer's omission of certain required disclosures related to contingent considerations. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the issuer's identification of performance obligations was in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the issuer's identification of performance obligations was in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether the allocation of the transaction prices was based on standalone selling prices. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · For certain of the arrangements selected for testing the firm did not perform any procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · For certain of the arrangements selected for testing the firm did not perform any procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2501 10 For certain inventory the firm's approach for substantively testing the reserve for excess and obsolete inventory was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate whether the method used by the issuer to develop the reserve was appropriate because it did not evaluate whether the issuer's reserve took into account the issuer's forecasted sales. (AS 2501.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 2501 16 For certain inventory the firm's approach for substantively testing the reserve for excess and obsolete inventory was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions used by the issuer to estimate the reserve for excess and obsolete inventory because its procedures were limited to inquiry of management and performing a sensitivity analysis that indicated that if certain alternative assumptions were used the reserve would change by a significant amount. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 1105 10 For certain inventory the firm's approach for substantively testing the reserve for excess and obsolete inventory was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to test or test controls over the accuracy and completeness of an issuer-produced report the firm used in its substantive testing of the reserve for excess and obsolete inventory. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 8 For certain other inventory the firm did not perform sufficient substantive procedures to test whether this inventory was recorded at the lower of cost or net realizable value because its procedures were limited to a year over year comparison of product-level gross margins. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 11 For certain other inventory the firm did not perform sufficient substantive procedures to test whether this inventory was recorded at the lower of cost or net realizable value because its procedures were limited to a year over year comparison of product-level gross margins. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 1 AS 2501 16 The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the issuer because the firm did not take into account management's written plans that indicated the issuer may not have the intent and ability to carry out the assumption. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 1 AS 2501 17 The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the issuer because the firm did not take into account management's written plans that indicated the issuer may not have the intent and ability to carry out the assumption. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 2 AS 1105 A8a The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist and (2) evaluate the relevance and reliability of information from external sources the company's specialist used to develop this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 2 AS 1105 A8b The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist and (2) evaluate the relevance and reliability of information from external sources the company's specialist used to develop this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 2 AS 1201 C6 The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist and (2) evaluate the relevance and reliability of information from external sources the company's specialist used to develop this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 2 AS 1201 C7 The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist and (2) evaluate the relevance and reliability of information from external sources the company's specialist used to develop this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2501 16 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable. The issuer performed an impairment analysis using forecasted cash flows that it developed using various assumptions. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2501 16 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable. The issuer performed an impairment analysis using forecasted cash flows that it developed using various assumptions. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of another significant assumption beyond reviewing the effect that certain external events would have on the assumption. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2501 10 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable. The issuer performed an impairment analysis using forecasted cash flows that it developed using various assumptions. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether the method used by the issuer to develop its impairment analysis was in conformity with the requirements of FASB ASC Topic 360 because it did not evaluate whether certain assets were (1) assets under development at the time of the impairment analysis and as a result the issuer should have included the carrying value of these assets in its impairment analysis or (2) capital expenditures that would increase the service potential of the long-lived asset group and as a result the issuer should have excluded the cash flows associated with these assets in its impairment analysis. (AS 2501.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Accrued Commissions Significant Risk 1 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of issuer-produced reports that the firm used in its substantive testing of certain deferred revenue certain commissions expense and certain accrued commissions. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Commissions Expense Significant Risk 1 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of issuer-produced reports that the firm used in its substantive testing of certain deferred revenue certain commissions expense and certain accrued commissions. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Significant Risk 1 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of issuer-produced reports that the firm used in its substantive testing of certain deferred revenue certain commissions expense and certain accrued commissions. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Commissions Expense 2 AS 2305 17 The firm's substantive procedures to test commissions expense included substantive analytical procedures. The firm did not develop expectations at a level of precision that provided the desired level of assurance that differences that could be potential material misstatements individually or in the aggregate would be identified for investigation. (AS 2305.17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recorded certain revenue based on data in an electronic environment that were tracked and provided by two service organizations. The firm used information produced by these service organizations in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recorded certain revenue based on data in an electronic environment that were tracked and provided by two service organizations. The firm used information produced by these service organizations in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and determined the fair value of a liability assumed in connection with the acquisition using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of a significant assumption because it did not (1) take into account the issuer's intent and ability to carry out this assumption and (2) evaluate a significant difference between this assumption and the issuer's recent experience. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 17 During the year the issuer acquired a business and determined the fair value of a liability assumed in connection with the acquisition using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of a significant assumption because it did not (1) take into account the issuer's intent and ability to carry out this assumption and (2) evaluate a significant difference between this assumption and the issuer's recent experience. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2501 16 During the year the issuer acquired a business and determined the fair value of a liability assumed in connection with the acquisition using various significant assumptions. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of another significant assumption. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 42 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the recognition and fair values of acquired assets including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain assumptions (2) the fair value of acquired inventory and (3) whether all identifiable intangible assets were recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 44 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the recognition and fair values of acquired assets including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain assumptions (2) the fair value of acquired inventory and (3) whether all identifiable intangible assets were recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 7 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the fair value of acquired inventory. (AS 2501.07) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1105 10 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm used certain issuer-produced reports in its substantive testing of the existence of acquired inventory but did not perform procedures to test or test controls over the accuracy and completeness of these reports. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1105 4 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of an acquired intangible asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption developed by one of the company's specialists. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information it used in evaluating the reasonableness of this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1105 6 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of an acquired intangible asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption developed by one of the company's specialists. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information it used in evaluating the reasonableness of this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1201 C6 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of an acquired intangible asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption developed by one of the company's specialists. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information it used in evaluating the reasonableness of this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1201 C7 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of an acquired intangible asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption developed by one of the company's specialists. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information it used in evaluating the reasonableness of this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2315 16 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the fair values of certain other acquired assets was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2315 23 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the fair values of certain other acquired assets was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2315 23A During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the fair values of certain other acquired assets was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 6 AS 2301 8 The firm did not evaluate whether a separately identifiable intangible asset should have been recorded related to certain rights held by the acquired business. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For three types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For two of these types of revenue the firm did not test whether revenue was recognized according to the contractual terms for certain of the transactions selected for testing. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For three types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For two of these types of revenue the firm did not test whether revenue was recognized according to the contractual terms for certain of the transactions selected for testing. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 For three types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For two of these types of revenue the firm did not perform any procedures to test or test controls over the accuracy and completeness of issuer-prepared reports that the firm used in its substantive testing. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 For three types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For one of these types of revenue the firm did not perform any substantive procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 For three types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For one of these types of revenue the firm did not perform any substantive procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of and a misstatement in certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of and a misstatement in certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 1105 10 The firm used an issuer-prepared schedule in its substantive testing of a revenue disclosure. The firm did not perform any procedures to test or test controls over the accuracy and completeness of this schedule. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For three of these types of revenue the firm did not test whether revenue was recognized according to the contractual terms for certain of the transactions selected for testing. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For three of these types of revenue the firm did not test whether revenue was recognized according to the contractual terms for certain of the transactions selected for testing. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For three of these types of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For three of these types of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For one of these types of revenue the firm did not evaluate whether the issuer was acting as a principal or as an agent. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For one of these types of revenue the firm did not evaluate whether the issuer was acting as a principal or as an agent. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized revenue from certain arrangements as single performance obligations satisfied over time on a straight-line basis. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate whether recognizing revenue for multiple services as a single performance obligation recognized over time on a straight-line basis was in conformity with FASB ASC Topic 606 beyond reading an issuer-prepared memorandum. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized revenue from certain arrangements as single performance obligations satisfied over time on a straight-line basis. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate whether recognizing revenue for multiple services as a single performance obligation recognized over time on a straight-line basis was in conformity with FASB ASC Topic 606 beyond reading an issuer-prepared memorandum. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized revenue from certain arrangements as single performance obligations satisfied over time on a straight-line basis. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · For certain of the arrangements selected for testing the firm did not perform any procedures to test whether the performance obligation was being satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized revenue from certain arrangements as single performance obligations satisfied over time on a straight-line basis. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · For certain of the arrangements selected for testing the firm did not perform any procedures to test whether the performance obligation was being satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 2201 42 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing controls over the issuer's authorization of these transactions with the custodian. The firm did not test the aspects of these controls that addressed whether the custodian's system was configured to require appropriate authorizations prior to completing these transactions. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 2201 44 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing controls over the issuer's authorization of these transactions with the custodian. The firm did not test the aspects of these controls that addressed whether the custodian's system was configured to require appropriate authorizations prior to completing these transactions. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 2201 B22 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing controls over the issuer's authorization of these transactions with the custodian. The firm did not test the aspects of these controls that addressed whether the custodian's system was configured to require appropriate authorizations prior to completing these transactions. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 2 AS 2201 39 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing controls over the issuer's authorization of these transactions with the custodian. The firm did not identify and test any controls over an authentication device that the issuer used to authorize these transactions. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 3 AS 2201 39 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 3 AS 2201 B19 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1201 C6 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for the method it used to develop its independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1201 C7 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for the method it used to develop its independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 2501 22 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for the method it used to develop its independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 1105 4 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to demonstrate it had a reasonable basis for a significant assumption it developed because the auditor-employed specialist did not (1) evaluate whether the external data it used to develop this assumption were relevant to the assumption beyond observing that the data were from companies with similar market capitalization and (2) evaluate the reasonableness of using the low end of the range of the comparable company data in developing this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 1105 6 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to demonstrate it had a reasonable basis for a significant assumption it developed because the auditor-employed specialist did not (1) evaluate whether the external data it used to develop this assumption were relevant to the assumption beyond observing that the data were from companies with similar market capitalization and (2) evaluate the reasonableness of using the low end of the range of the comparable company data in developing this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 1201 C6 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to demonstrate it had a reasonable basis for a significant assumption it developed because the auditor-employed specialist did not (1) evaluate whether the external data it used to develop this assumption were relevant to the assumption beyond observing that the data were from companies with similar market capitalization and (2) evaluate the reasonableness of using the low end of the range of the comparable company data in developing this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 1201 C7 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to demonstrate it had a reasonable basis for a significant assumption it developed because the auditor-employed specialist did not (1) evaluate whether the external data it used to develop this assumption were relevant to the assumption beyond observing that the data were from companies with similar market capitalization and (2) evaluate the reasonableness of using the low end of the range of the comparable company data in developing this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 2501 22 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to demonstrate it had a reasonable basis for a significant assumption it developed because the auditor-employed specialist did not (1) evaluate whether the external data it used to develop this assumption were relevant to the assumption beyond observing that the data were from companies with similar market capitalization and (2) evaluate the reasonableness of using the low end of the range of the comparable company data in developing this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any procedures to test revenue. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 3 AS 2301 8 The firm did not perform procedures to test goodwill and intangible assets beyond obtaining certain issuer-prepared schedules. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures for goodwill and intangible assets required by FASB ASC Topic 350 Intangibles – Goodwill and Other and FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures for goodwill and intangible assets required by FASB ASC Topic 350 Intangibles – Goodwill and Other and FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 5 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2501 7 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the issuer's purchase price allocation schedule to test the fair value of the acquired intangible assets. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2301 8 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to test the existence completeness and valuation of the tangible assets acquired and the liabilities assumed at the acquisition date. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2501 7 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to test the existence completeness and valuation of the tangible assets acquired and the liabilities assumed at the acquisition date. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2301 8 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to test the purchase price. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2810 30 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to this business combination required by FASB ASC Topic 350 FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2810 31 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to this business combination required by FASB ASC Topic 350 FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 6 AS 2301 8 The firm did not perform any procedures to evaluate whether the issuer met the revenue recognition criteria prior to recognizing revenue. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 2510 12 The firm performed procedures to observe inventory on dates other than year end. The firm did not apply appropriate tests of intervening transactions in inventory between the count dates and year end. (AS 2510.12) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 8 AS 2301 8 The firm performed procedures to observe inventory on dates other than year end. The firm did not perform any procedures to test costs in inventory including whether inventory was recorded at the lower of cost or net realizable value. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 9 AS 2501 7 The issuer determined a reserve for inventory was not necessary. The firm did not perform any procedures to test the issuer's determination. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 10 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 8 The firm did not perform any procedures to evaluate whether the issuer met the revenue recognition criteria prior to recognizing revenue. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2301 8 The firm did not perform procedures to test a related liability account beyond obtaining a schedule of activity for the account for the year. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2301 8 The firm did not perform procedures to evaluate whether the issuer should have disclosed disaggregated revenue in accordance with FASB ASC Topic 606. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2315 16 To test accounts receivable the firm sent a sample of positive confirmation requests by electronic mail and received responses by electronic mail certain of which were returned with exceptions. The following deficiencies were identified: · The sample size the firm used to test accounts receivable was too small to provide sufficient appropriate audit evidence because the firm did not take into account tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2315 23 To test accounts receivable the firm sent a sample of positive confirmation requests by electronic mail and received responses by electronic mail certain of which were returned with exceptions. The following deficiencies were identified: · The sample size the firm used to test accounts receivable was too small to provide sufficient appropriate audit evidence because the firm did not take into account tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2315 23A To test accounts receivable the firm sent a sample of positive confirmation requests by electronic mail and received responses by electronic mail certain of which were returned with exceptions. The following deficiencies were identified: · The sample size the firm used to test accounts receivable was too small to provide sufficient appropriate audit evidence because the firm did not take into account tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 7 AS 2310 29 To test accounts receivable the firm sent a sample of positive confirmation requests by electronic mail and received responses by electronic mail certain of which were returned with exceptions. The following deficiencies were identified: · The firm did not consider performing procedures to address the risks associated with the electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2310 33 To test accounts receivable the firm sent a sample of positive confirmation requests by electronic mail and received responses by electronic mail certain of which were returned with exceptions. The following deficiencies were identified: · For the confirmations returned with exceptions the firm did not perform any procedures to evaluate the nature of those exceptions. (AS 2310.33) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 9 AS 2501 7 The firm did not perform procedures to test the allowance for doubtful accounts beyond obtaining the activity in the account for the year. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 2501 7 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of the intangible assets beyond obtaining and reading the purchase price allocation for one of the acquisitions. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 11 AS 2301 8 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not perform any procedures to test the existence completeness and fair value of the tangible assets acquired at the acquisition dates for these acquisitions. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 11 AS 2501 7 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not perform any procedures to test the existence completeness and fair value of the tangible assets acquired at the acquisition dates for these acquisitions. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 12 AS 2301 8 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not perform any procedures to test the purchase consideration for these acquisitions including contingent consideration. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 12 AS 2501 7 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not perform any procedures to test the purchase consideration for these acquisitions including contingent consideration. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 13 AS 2810 30 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 805 and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 13 AS 2810 31 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 805 and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 14 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform procedures to test revenues beyond obtaining certain issuer-produced reports and reports from external sources. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 30 The firm did not identify and evaluate the issuer's inaccurate disclosure of its revenue recognition policy. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 31 The firm did not identify and evaluate the issuer's inaccurate disclosure of its revenue recognition policy. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to disaggregated revenue and significant payment terms required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to disaggregated revenue and significant payment terms required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 2301 8 The firm did not perform any procedures to test goodwill. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Journal Entries 6 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform procedures to test revenue beyond obtaining certain external reports and issuer-produced reports. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Certain Assets and Related Liabilities 3 AS 2301 8 The firm did not perform procedures to test certain assets and related liabilities beyond obtaining an issuer-prepared report. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm did not perform procedures beyond vouching a sample of journal entries to bank statements to evaluate whether the issuer had satisfied its performance obligations before revenue was recognized. Further the firm did not perform any procedures to test the completeness of the sub-ledger it used to make its selection of journal entries. (AS 1105.10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform procedures beyond vouching a sample of journal entries to bank statements to evaluate whether the issuer had satisfied its performance obligations before revenue was recognized. Further the firm did not perform any procedures to test the completeness of the sub-ledger it used to make its selection of journal entries. (AS 1105.10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A1 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A10 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A2 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A3 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A4 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A5 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A6 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A7 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A8 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A9 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2501 7 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to this business combination required by FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to this business combination required by FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A1 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A10 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A2 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A3 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A4 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A5 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A6 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A7 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A8 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A9 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 2501 7 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Intangible Assets 6 AS 2501 7 The issuer reported an impairment loss for an intangible asset. The firm did not perform any procedures to test this impairment loss. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Intangible Assets 7 AS 2501 7 The issuer reported an impairment loss for an intangible asset. The firm did not perform any procedures to test the amortization expense for the issuer's intangible assets. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Journal Entries 8 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any procedures to test whether the issuer satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any procedures to test whether the issuer satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 2 AS 1105 10 The firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of issuer-produced reports it used in its substantive procedures to test certain revenue. (AS 1105.10) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 3 AS 2301 8 The firm did not perform procedures beyond inquiry and obtaining the subledger details to test deferred revenue. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 5 AS 2410 12 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm did not perform sufficient procedures to test related party transactions and balances because it limited its procedures to confirmation requests of the related party balances. (AS 2410.12) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 6 AS 1105 9 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm did not identify certain conditions indicating that certain confirmation responses might not be authentic or might not have come from the purported source. As a result the firm did not perform additional audit procedures to respond to those conditions and evaluate their effect if any on the other aspects of the audit. (AS 1105.09) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2310 29 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm received electronic responses to certain of its confirmation requests. The firm did not consider performing procedures to address the risks associated with the electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 8 AS 2310 33 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm received a response from a related party in which the related party indicated that it both agreed and disagreed with the balances. The firm did not sufficiently evaluate the evidence provided by this confirmation because it did not consider the reliability of the confirmation the nature of the exceptions and whether additional evidence was needed. (AS 2310.33; AS 2810.03) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 8 AS 2810 3 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm received a response from a related party in which the related party indicated that it both agreed and disagreed with the balances. The firm did not sufficiently evaluate the evidence provided by this confirmation because it did not consider the reliability of the confirmation the nature of the exceptions and whether additional evidence was needed. (AS 2310.33; AS 2810.03) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 9 AS 2501 7 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm did not perform any procedures to test the allowance for doubtful accounts from related parties. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 10 AS 2410 17 The firm did not perform any procedures to test the disclosures related to the related party transactions. (AS 2410.17) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 11 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform procedures to test revenue beyond obtaining sales reports from external parties and a contract review analysis prepared by the issuer. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Stock-Based Compensation 2 AS 2301 8 The firm did not perform procedures to test stock-based compensation beyond obtaining certain issuer-prepared reports. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Investments 3 AS 2301 8 The firm did not perform any procedures to test certain investments. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 1 AS 2410 12 The issuer reported transactions with related parties in its financial statements. The following deficiencies were identified: · The firm did not perform procedures to test payables due to related parties beyond confirming the balance with a related party who was an executive officer of the issuer. (AS 2410.12) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2410 17 The issuer reported transactions with related parties in its financial statements. The following deficiencies were identified: · The firm did not perform procedures to evaluate whether the issuer's presentation of related party transactions in the statement of cash flows was in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2410.17) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2410 17 The issuer reported transactions with related parties in its financial statements. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the terms and manner of settlement of related party transactions required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2810 30 The issuer reported transactions with related parties in its financial statements. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the terms and manner of settlement of related party transactions required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2810 31 The issuer reported transactions with related parties in its financial statements. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the terms and manner of settlement of related party transactions required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Expenses 4 AS 2301 8 The firm did not perform any procedures to test certain expenses. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm selected a sample of transactions for certain types of revenue. The firm did not perform procedures beyond obtaining invoices and cash receipts to evaluate whether the issuer had satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm selected a sample of transactions for certain types of revenue. The firm did not perform procedures beyond obtaining invoices and cash receipts to evaluate whether the issuer had satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of a report from an external source that it used to test another type of revenue. (AS 1105.04 and .06) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of a report from an external source that it used to test another type of revenue. (AS 1105.04 and .06) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not perform any procedures to test another type of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not perform any procedures to test another type of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 30 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 31 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A1 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A10 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A2 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A3 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A4 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A5 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A6 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A7 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A8 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A9 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2501 7 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2501 7 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the issuer's purchase price allocation to test the fair value of certain other intangible assets. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2301 8 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the tangible assets acquired and liabilities assumed at the acquisition dates for these acquisitions. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 2301 8 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform any procedures to test the purchase consideration for these acquisitions including certain contingent consideration. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 2501 7 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform any procedures to test the purchase consideration for these acquisitions including certain contingent consideration. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 9 AS 2810 30 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 805 and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 9 AS 2810 31 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 805 and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Journal Entries 10 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2301 8 The firm did not perform procedures to test revenue and accounts receivable beyond obtaining issuer-produced reports and reports from external sources. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2501 7 The firm did not perform any procedures to test the allowance for doubtful accounts. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2301 8 During the year the issuer entered into a reverse merger agreement. The firm did not perform any procedures to evaluate whether the issuer's accounting for this transaction was in conformity with FASB ASC Topic 805 Business Combinations. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Journal Entries 10 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 8 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer appropriately (1) identified the performance obligations for these arrangements; (2) determined the standalone selling prices; and (3) allocated the transaction price to each separate performance obligation based on the standalone selling price. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 13 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer appropriately (1) identified the performance obligations for these arrangements; (2) determined the standalone selling prices; and (3) allocated the transaction price to each separate performance obligation based on the standalone selling price. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2501 7 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The issuer recognized one type of revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform procedures to test this revenue beyond obtaining invoices bank statements purchase orders and/or contracts. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2501 7 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The issuer recognized one type of revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform procedures to test the related contract receivables and liabilities. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2315 16 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · For two types of revenue the firm selected a sample of transactions for testing. The sample sizes the firm used in these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2315 23 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · For two types of revenue the firm selected a sample of transactions for testing. The sample sizes the firm used in these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2315 23A The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · For two types of revenue the firm selected a sample of transactions for testing. The sample sizes the firm used in these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2301 8 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · For one of the above two types of revenue the firm did not perform procedures to evaluate whether the issuer met its performance obligations prior to recognizing revenue beyond obtaining invoices contracts and/or cash receipts. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2301 13 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · For one of the above two types of revenue the firm did not perform procedures to evaluate whether the issuer met its performance obligations prior to recognizing revenue beyond obtaining invoices contracts and/or cash receipts. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2315 14 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · To test a fourth type of revenue the firm selected a sample of transactions from one month. The firm did not perform any procedures to test the remaining population of revenue transactions. (AS 2315.24) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 8 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform procedures to test the disclosures related to revenue beyond comparing total revenues in the disclosures to the statement of operations. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 13 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform procedures to test the disclosures related to revenue beyond comparing total revenues in the disclosures to the statement of operations. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 8 AS 2301 8 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining the subledgers to test accounts receivable and customer deposits. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 9 AS 2501 7 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform any procedures to test the allowance for doubtful accounts. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A1 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A10 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A2 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A3 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A4 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A5 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A6 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A7 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A8 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A9 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 2501 7 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 11 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 350 and FASB ASC Topic 805. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 11 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 350 and FASB ASC Topic 805. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Journal Entries 12 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for the instances selected for testing. Further the firm did not determine whether the control owners possessed the necessary authority and competence to perform this control. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for the instances selected for testing. Further the firm did not determine whether the control owners possessed the necessary authority and competence to perform this control. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for the instances selected for testing. Further the firm did not determine whether the control owners possessed the necessary authority and competence to perform this control. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for the instances selected for testing. Further the firm did not determine whether the control owners possessed the necessary authority and competence to perform this control. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 3 AS 2201 39 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · The firm did not identify and test any controls over the completeness of certain data that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2201 39 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · The firm did not identify and test any controls over the completeness of certain data that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 4 AS 1105 10 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing these controls. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 1105 10 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing these controls. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 5 AS 2201 42 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · One of these controls consisted of the issuer's review and approval of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether these changes had met the necessary criteria to be implemented into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 5 AS 2201 42 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · One of these controls consisted of the issuer's review and approval of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether these changes had met the necessary criteria to be implemented into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 5 AS 2201 44 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · One of these controls consisted of the issuer's review and approval of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether these changes had met the necessary criteria to be implemented into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 5 AS 2201 44 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · One of these controls consisted of the issuer's review and approval of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether these changes had met the necessary criteria to be implemented into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2301 16 The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2301 18 The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2301 37 The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2315 19 The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2315 23 The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2315 23A The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 7 AS 2201 39 The firm selected for testing various controls over the processing and recording of certain revenue. The firm did not identify and test any controls over the accuracy and/or completeness of certain data and reports the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 8 AS 2201 42 The firm selected for testing an automated control over the appropriateness of the prices that the issuer used to record revenue. The firm did not test the programming of this automated control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 8 AS 2201 44 The firm selected for testing an automated control over the appropriateness of the prices that the issuer used to record revenue. The firm did not test the programming of this automated control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 9 AS 2201 39 The firm selected for testing an automated control over the appropriateness of the prices that the issuer used to record revenue. The firm did not identify and test any controls over the accuracy and completeness of certain pricing data used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 10 AS 2201 42 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · For one of these controls the firm did not test the aspect of the control that addressed the control owner's review of the accuracy of certain sales incentives. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 10 AS 2201 44 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · For one of these controls the firm did not test the aspect of the control that addressed the control owner's review of the accuracy of certain sales incentives. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 11 AS 2201 42 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · For another of these controls the control owner used an automated tool to assess the accuracy of certain other sales incentives. The firm did not test the configuration or programming of this tool or perform other procedures to test this tool that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 11 AS 2201 44 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · For another of these controls the control owner used an automated tool to assess the accuracy of certain other sales incentives. The firm did not test the configuration or programming of this tool or perform other procedures to test this tool that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 12 AS 2201 46 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · The firm's testing of an aspect of these controls that addressed whether these sales incentives were appropriately recorded in the general ledger was not sufficient because the number of items the firm selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the controls operated. (AS 2201.46) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 13 AS 1105 10 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing these controls. (AS 1105.10) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 14 AS 1105 10 The firm performed substantive procedures to test the accuracy of certain issuer-produced data the firm used in its testing of the sales incentive liability. The sample sizes the firm used in certain of these substantive procedures were smaller than the ones the firm determined necessary to provide sufficient appropriate audit evidence. Further the firm did not perform any procedures to test or test any controls over the completeness of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 15 AS 2201 39 The issuer held certain inventory at external warehouses. The firm selected for testing controls that consisted of the issuer's review and reconciliation of this inventory to the general ledger. The firm did not identify and test any controls over the (1) accuracy and completeness of certain issuer-produced data and reports and (2) reliability of data and reports that the issuer obtained from the external warehouses that were used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 16 AS 2201 42 The issuer held certain inventory at external warehouses. The firm selected for testing controls that consisted of the issuer's review and reconciliation of this inventory to the general ledger. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 16 AS 2201 44 The issuer held certain inventory at external warehouses. The firm selected for testing controls that consisted of the issuer's review and reconciliation of this inventory to the general ledger. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combination 17 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the assets acquired and liabilities assumed. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the recorded amounts of certain assets acquired and liabilities assumed. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combination 17 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the assets acquired and liabilities assumed. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the recorded amounts of certain assets acquired and liabilities assumed. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the methods that the issuer used to estimate the standalone selling prices were in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2201.39) In connection with our review the issuer reevaluated its controls over the methods it used to estimate standalone selling prices and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. The issuer also reevaluated its disclosures related to standalone selling prices and determined that a disclosure was misstated. The issuer corrected this misstatement in an amended Form 10-K. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2501 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following deficiencies were identified: · The firm did not evaluate whether the methods that the issuer used to estimate the standalone selling prices were in conformity with FASB ASC Topic 606. (AS 2501.10) In connection with our review the issuer reevaluated its controls over the methods it used to estimate standalone selling prices and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. The issuer also reevaluated its disclosures related to standalone selling prices and determined that a disclosure was misstated. The issuer corrected this misstatement in an amended Form 10-K. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate the accuracy of the issuer's disclosures related to standalone selling prices under FASB ASC Topic 606. (AS 2301.08) In connection with our review the issuer reevaluated its controls over the methods it used to estimate standalone selling prices and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. The issuer also reevaluated its disclosures related to standalone selling prices and determined that a disclosure was misstated. The issuer corrected this misstatement in an amended Form 10-K. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 39 The firm did not identify and test any controls over long-lived assets and depreciation expense. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 The firm did not perform any substantive procedures to test certain long-lived assets and depreciation expense. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2301 8 For certain other long-lived assets the following deficiencies were identified: · The firm did not perform any substantive procedures to test these long-lived assets for possible impairment beyond reading an issuer-prepared memorandum. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2315 16 For certain other long-lived assets the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test these long-lived assets were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2315 23 For certain other long-lived assets the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test these long-lived assets were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2315 23A For certain other long-lived assets the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test these long-lived assets were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 5 AS 2201 39 The firm did not identify and test any controls over the issuer's domestic pension assets and liabilities. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 6 AS 2301 8 The firm did not perform any substantive procedures to (1) test the fair value of these pension assets and (2) evaluate the appropriateness of the issuer's categorization of these pension assets within the fair value hierarchy set forth in FASB ASC Topic 820 Fair Value Measurement beyond obtaining a confirmation from the pension asset custodian. (AS 2301.08; AS 2501.07) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 6 AS 2501 7 The firm did not perform any substantive procedures to (1) test the fair value of these pension assets and (2) evaluate the appropriateness of the issuer's categorization of these pension assets within the fair value hierarchy set forth in FASB ASC Topic 820 Fair Value Measurement beyond obtaining a confirmation from the pension asset custodian. (AS 2301.08; AS 2501.07) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 7 AS 2201 42 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm selected for testing three controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets. For two of these controls the firm did not evaluate the criteria the control owners used to identify items for follow-up when assessing the reasonableness of certain assumptions used. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 7 AS 2201 44 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm selected for testing three controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets. For two of these controls the firm did not evaluate the criteria the control owners used to identify items for follow-up when assessing the reasonableness of certain assumptions used. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 8 AS 2201 42 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm selected for testing three controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets. For the third control the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 8 AS 2201 44 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm selected for testing three controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets. For the third control the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 9 AS 2201 39 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain issuer-produced data that the company's specialist used to develop certain of these assumptions. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 10 AS 1105 A8a During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm did not test or test any controls over the accuracy and completeness of certain issuer-produced data that the company's specialist used to develop certain of these assumptions. (AS 1105.A8a) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 11 AS 2301 8 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm did not evaluate whether the issuer was required to make certain disclosures related to these business combinations in conformity with FASB ASC Topic 805 Business Combinations beyond asserting that these disclosures were either not material to the financial statements or not applicable. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 2 AS 2201 39 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For two IT systems the firm did not identify and test any controls over the completeness of the populations of changes that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For two IT systems the firm did not identify and test any controls over the completeness of the populations of changes that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 3 AS 2201 46 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For two other IT systems the firm did not perform sufficient procedures to test controls over the completeness of the populations of changes that the control owners used in the operation of the control because it limited its procedures to inspecting evidence that the control owner traced one system change into the populations used. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 46 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For two other IT systems the firm did not perform sufficient procedures to test controls over the completeness of the populations of changes that the control owners used in the operation of the control because it limited its procedures to inspecting evidence that the control owner traced one system change into the populations used. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 4 AS 2201 42 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For another IT system when evaluating the design of the control the firm did not assess whether the control owner's review of system changes was sufficiently precise to achieve the control's objective. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For another IT system when evaluating the design of the control the firm did not assess whether the control owner's review of system changes was sufficiently precise to achieve the control's objective. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 5 AS 2201 39 The issuer used a service organization to maintain databases that the issuer used in the recognition of revenue and the related deferred revenue. The firm obtained a service auditor's report and identified complementary user entity controls that the service auditor's report described as necessary. The firm did not perform procedures to evaluate whether the issuer had implemented these controls with respect to one of these databases. (AS 2201.39 and .B22) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 The issuer used a service organization to maintain databases that the issuer used in the recognition of revenue and the related deferred revenue. The firm obtained a service auditor's report and identified complementary user entity controls that the service auditor's report described as necessary. The firm did not perform procedures to evaluate whether the issuer had implemented these controls with respect to one of these databases. (AS 2201.39 and .B22) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 5 AS 2201 B22 The issuer used a service organization to maintain databases that the issuer used in the recognition of revenue and the related deferred revenue. The firm obtained a service auditor's report and identified complementary user entity controls that the service auditor's report described as necessary. The firm did not perform procedures to evaluate whether the issuer had implemented these controls with respect to one of these databases. (AS 2201.39 and .B22) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 B22 The issuer used a service organization to maintain databases that the issuer used in the recognition of revenue and the related deferred revenue. The firm obtained a service auditor's report and identified complementary user entity controls that the service auditor's report described as necessary. The firm did not perform procedures to evaluate whether the issuer had implemented these controls with respect to one of these databases. (AS 2201.39 and .B22) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 18 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 37 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 19 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23A As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 42 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on the expected cost plus a margin approach which included significant assumptions related to the expected costs of satisfying each of the performance obligations. The following deficiencies were identified: · The firm selected for testing controls that included the issuer's reviews of the estimated standalone selling prices including the significant assumptions. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these significant assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 44 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on the expected cost plus a margin approach which included significant assumptions related to the expected costs of satisfying each of the performance obligations. The following deficiencies were identified: · The firm selected for testing controls that included the issuer's reviews of the estimated standalone selling prices including the significant assumptions. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these significant assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2501 16 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on the expected cost plus a margin approach which included significant assumptions related to the expected costs of satisfying each of the performance obligations. The following deficiencies were identified: · The firm's approach for substantively testing the estimated standalone selling prices was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the expected costs of satisfying each of the performance obligations. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 10 AS 2201 39 The firm selected for testing various manual controls over the issuer's deferred revenue calculation. The following deficiencies were identified: · For three of these controls the firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 11 AS 1105 10 The firm selected for testing various manual controls over the issuer's deferred revenue calculation. The following deficiencies were identified: · For another of these controls the firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 12 AS 2201 42 The firm's testing of an automated control over deferred revenue was not sufficient because the firm did not test the configuration or programming of this control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that this control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 12 AS 2201 44 The firm's testing of an automated control over deferred revenue was not sufficient because the firm did not test the configuration or programming of this control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that this control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and a certain asset and liability. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and a certain asset and liability. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 2 AS 1105 10 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · For certain of these controls the firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · For certain of these controls the firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 3 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · When testing the operating effectiveness of certain of these controls the firm did not determine whether the control owners possessed the necessary competence to perform these controls effectively. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · When testing the operating effectiveness of certain of these controls the firm did not determine whether the control owners possessed the necessary competence to perform these controls effectively. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 4 AS 2201 42 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of an aspect of one of these controls that involved the use of automated tools was not sufficient because the firm did not test the configuration of these tools or perform other procedures to test these tools that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 42 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of an aspect of one of these controls that involved the use of automated tools was not sufficient because the firm did not test the configuration of these tools or perform other procedures to test these tools that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 4 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of an aspect of one of these controls that involved the use of automated tools was not sufficient because the firm did not test the configuration of these tools or perform other procedures to test these tools that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of an aspect of one of these controls that involved the use of automated tools was not sufficient because the firm did not test the configuration of these tools or perform other procedures to test these tools that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 5 AS 2201 42 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of one of these controls was not sufficient because it did not evaluate whether the changes it selected were appropriately tested by the issuer prior to implementation into the production environment. Further the firm's testing of another control was not sufficient because its procedures to test the control were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 5 AS 2201 42 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of one of these controls was not sufficient because it did not evaluate whether the changes it selected were appropriately tested by the issuer prior to implementation into the production environment. Further the firm's testing of another control was not sufficient because its procedures to test the control were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 5 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of one of these controls was not sufficient because it did not evaluate whether the changes it selected were appropriately tested by the issuer prior to implementation into the production environment. Further the firm's testing of another control was not sufficient because its procedures to test the control were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 5 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of one of these controls was not sufficient because it did not evaluate whether the changes it selected were appropriately tested by the issuer prior to implementation into the production environment. Further the firm's testing of another control was not sufficient because its procedures to test the control were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 6 AS 2201 36 The firm selected for testing a control that consisted of the issuer's review of user access to another IT system. The firm did not identify and test any controls over the accuracy of certain information that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 6 AS 2201 36 The firm selected for testing a control that consisted of the issuer's review of user access to another IT system. The firm did not identify and test any controls over the accuracy of certain information that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 7 AS 2201 36 The firm selected for testing a control that consisted of the issuer's review of user access to another IT system. The firm did not identify and test any controls that addressed the risk that inappropriate changes could be made to data in this IT system by users with certain access. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 7 AS 2201 36 The firm selected for testing a control that consisted of the issuer's review of user access to another IT system. The firm did not identify and test any controls that addressed the risk that inappropriate changes could be made to data in this IT system by users with certain access. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 8 AS 2201 39 During the year the issuer implemented an IT system that was used to initiate process and record transactions related to this asset and liability. The firm did not identify and test any controls that addressed certain risks related to the configurations within this IT system. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 9 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reconciliation of a portion of this asset and liability to supporting documentation and review of variances. The firm did not evaluate whether the control owners' review of certain variances at an aggregated level was sufficient to address the risks of material misstatement. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 9 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reconciliation of a portion of this asset and liability to supporting documentation and review of variances. The firm did not evaluate whether the control owners' review of certain variances at an aggregated level was sufficient to address the risks of material misstatement. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 10 AS 2201 39 The firm selected for testing an automated control over transactions related to this asset and liability. The firm did not identify and test any controls over the accuracy and completeness of certain information that was used in the operation of this automated control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 11 AS 1105 10 The firm selected for testing two additional controls over transactions related to this asset and liability but did not test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 12 AS 2201 39 The firm did not identify and test any controls that addressed certain risks related to the issuer's ability to hold or control rights to this asset. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For one type of revenue the firm did not identify and test any controls over the issuer's identification and evaluation of contract terms that could affect revenue recognition. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm's substantive procedures to test this revenue included selecting a sample of transactions for testing. For certain of the transactions selected for testing the firm did not obtain and evaluate the customer contract to assess whether revenue was appropriately recognized. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 For another type of revenue the issuer used models to estimate certain contractual adjustments. The firm selected for testing a control that consisted of the issuer's review of these models. The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of the output of these models. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 For another type of revenue the issuer used models to estimate certain contractual adjustments. The firm selected for testing a control that consisted of the issuer's review of these models. The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of the output of these models. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 For another type of revenue the issuer used models to estimate certain contractual adjustments. The firm selected for testing a control that consisted of the issuer's review of these models. The firm did not identify and test any controls over the accuracy and completeness of certain data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2301 8 The firm did not evaluate whether the issuer was required to disclose the amount of goodwill allocated to reporting units with zero or negative carrying amounts in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other beyond asserting that this disclosure would not be material to the financial statements. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 42 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The issuer recorded subsequent adjustments to the provisional fair value of these acquired intangible assets during the measurement period. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets including the assumptions used in these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain of these assumptions and (2) whether the subsequent adjustments were based on new information obtained about facts and circumstances that existed as of the acquisition date. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 44 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The issuer recorded subsequent adjustments to the provisional fair value of these acquired intangible assets during the measurement period. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets including the assumptions used in these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain of these assumptions and (2) whether the subsequent adjustments were based on new information obtained about facts and circumstances that existed as of the acquisition date. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The issuer recorded subsequent adjustments to the provisional fair value of these acquired intangible assets during the measurement period. The following deficiencies were identified: · The firm's approach for substantively testing the valuation of these acquired intangible assets was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used in these cash-flow forecasts. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2301 8 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The issuer recorded subsequent adjustments to the provisional fair value of these acquired intangible assets during the measurement period. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the issuer's subsequent adjustments were based on new information obtained about facts and circumstances that existed as of the acquisition date. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 The issuer recognized revenue from one of its products net of rebates and other sales incentives that it estimated based on certain historical data. The firm did not sufficiently test the completeness of these data because it did not test whether these data included all contractual rebates and other sales incentives owed to the customer. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 1105 10 For certain revenue and deferred revenue the firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 For certain revenue and deferred revenue the firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 2305 16 For certain revenue and deferred revenue the firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2305 16 For certain revenue and deferred revenue the firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm's procedures to test the accuracy of certain other issuer-produced data the firm used in its substantive testing of certain of this revenue consisted of selecting a sample of items for testing. The sample sizes the firm used in these substantive procedures were smaller than the ones the firm determined necessary to provide sufficient appropriate audit evidence. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 39 With respect to two types of revenue the following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 8 With respect to two types of revenue the following deficiencies were identified: · For the first type of revenue the firm did not perform any substantive procedures to test whether the performance obligation was satisfied before revenue was recognized. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 1105 10 With respect to two types of revenue the following deficiencies were identified: · For the second type of revenue the firm used issuer-produced delivery data in its substantive testing but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2301 8 The firm did not perform procedures beyond inquiring of management and reading an issuer-prepared memorandum to evaluate whether the issuer's balance sheet presentation of certain customer deposits and sales commissions was in conformity with GAAP. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 42 During the year the issuer acquired multiple businesses and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets including the assumptions and data used in these cash-flow forecasts. For one of these controls the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 44 During the year the issuer acquired multiple businesses and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets including the assumptions and data used in these cash-flow forecasts. For one of these controls the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2201 39 During the year the issuer acquired multiple businesses and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets including the assumptions and data used in these cash-flow forecasts. For one of these controls the firm did not identify and test any controls over the accuracy and completeness of certain of these data for one of these acquired businesses. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 1105 10 During the year the issuer acquired multiple businesses and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm used certain data in its substantive testing of one of these acquired businesses but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2315 16 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2315 23 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2315 23A The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Loans 2 AS 2810 30 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 820 related to the carrying value of loans compared to their fair value. (AS 2810.30 and 31) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Loans 2 AS 2810 31 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 820 related to the carrying value of loans compared to their fair value. (AS 2810.30 and 31) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 39 During the year the issuer entered into a transaction and engaged a specialist to assist it in determining the fair value of certain long-lived assets recorded in connection with the transaction. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of certain issuer-produced data that the company's specialist used to determine the fair value of these long-lived assets. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 1105 A8a During the year the issuer entered into a transaction and engaged a specialist to assist it in determining the fair value of certain long-lived assets recorded in connection with the transaction. The following deficiencies were identified: · The firm did not test or test any controls over the accuracy of these issuer-produced data that the company's specialist used to determine the fair value of these long-lived assets. (AS 1105.A8a) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The issuer recorded the cost of certain manufactured inventory based on the weight of the raw materials included in the inventory items. The firm did not identify and test any controls over the accuracy of these weights. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2510 9 The firm's substantive procedures to test the existence of inventory at one of the issuer's locations were not suitable because they did not provide any evidence of the quantity and physical condition of the inventory. (AS 2510.09) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 1 AS 2201 39 The issuer used multiple service organizations to initiate process and record transactions related to mortgage servicing rights (MSRs). The valuation of MSRs was determined based on certain loan data that these service organizations provided to the issuer. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of these data. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 1 AS 2201 B19 The issuer used multiple service organizations to initiate process and record transactions related to mortgage servicing rights (MSRs). The valuation of MSRs was determined based on certain loan data that these service organizations provided to the issuer. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of these data. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 2 AS 2301 8 The issuer used multiple service organizations to initiate process and record transactions related to mortgage servicing rights (MSRs). The valuation of MSRs was determined based on certain loan data that these service organizations provided to the issuer. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of these data. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Derivatives 1 AS 2301 8 The firm did not evaluate whether the issuer had appropriately calculated and presented certain derivative losses in the statement of cash flows. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures related to these derivative losses that were required under FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures related to these derivative losses that were required under FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A Q No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm did not perform sufficient procedures to test these transactions because its procedures were limited to comparing the transactions to information from the same system from which the transactions were selected. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Allowance for Credit Losses 1 AS 2315 16 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the relationship of the sample to the relevant audit objective and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Allowance for Credit Losses 1 AS 2315 23 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the relationship of the sample to the relevant audit objective and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Allowance for Credit Losses 1 AS 2315 23A The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the relationship of the sample to the relevant audit objective and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A S No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 For certain revenue the firm selected for testing a control that consisted of the issuer's reviews of monthly revenue compared to the corresponding prior-period revenue. The firm did not identify and test any controls over the accuracy and completeness of certain data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A T No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A U No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of its investment securities within the fair value hierarchy set forth in FASB ASC Topic 820. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A V No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2315 24 To test the fair value of certain investment securities the firm selected a sample of investments for testing. The firm did not select sample items in such a way that could be expected to be representative of the population because it excluded a portion of the population when selecting sample items to test. (AS 2315.24) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of project budgets and status by contract including the estimated costs to complete. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the project budgets and related assumptions. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of project budgets and status by contract including the estimated costs to complete. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the project budgets and related assumptions. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2501 16 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The following deficiencies were identified: · The firm did not perform any procedures beyond inquiring of project managers to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete the contracts the firm selected for testing. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 42 The firm selected for testing various controls that consisted of the issuer's reviews of additions to long-lived assets. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether additions were properly capitalized and allocated to the correct asset group. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 44 The firm selected for testing various controls that consisted of the issuer's reviews of additions to long-lived assets. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether additions were properly capitalized and allocated to the correct asset group. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 16 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete the contracts the firm selected for testing. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 2 AS 2501 16 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included various significant assumptions. The following deficiencies were identified: · For the first year of the forecast period the firm did not sufficiently evaluate the reasonableness of a significant assumption because its procedures were limited to comparing the assumption to the issuer's recent experience. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 3 AS 2501 16 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included various significant assumptions. The following deficiencies were identified: · For the remaining years of the forecast period the firm did not perform any procedures to evaluate the reasonableness of the significant assumptions. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 4 AS 1105 10 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included various significant assumptions. The following deficiencies were identified: · The firm did not perform procedures to test or test controls over the accuracy and completeness of certain information produced by the issuer that the firm used in its substantive testing of the deferred tax assets that were subject to the valuation allowance. (AS 1105.10) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 5 AS 2810 30 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included various significant assumptions. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 740 Income Taxes. (AS 2810.30 and .31) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 5 AS 2810 31 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included various significant assumptions. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 740 Income Taxes. (AS 2810.30 and .31) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2510 12 The issuer performed a combination of cycle counts and full physical counts of inventory held at certain locations. To test the existence of inventory at these locations the firm performed independent physical counts of inventory before year end. The firm did not test any intervening transactions and did not inspect any records of the issuer's counts and procedures on which the year-end inventory was based. (AS 2510.12) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2315 16 The firm's sample to test the issuer's reserve for excess and obsolete inventory at one business unit was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2315 23 The firm's sample to test the issuer's reserve for excess and obsolete inventory at one business unit was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2315 23A The firm's sample to test the issuer's reserve for excess and obsolete inventory at one business unit was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2315 24 The firm's sample was not representative of the population because the firm selected inventory items that had a recorded reserve but did not select any items that did not have a recorded reserve. (AS 2315.24) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Asset 4 AS 2501 16 The issuer evaluated an intangible asset for possible impairment using various assumptions it developed including forecasted revenue that assumed significant growth. The firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of the significant revenue growth assumptions. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 1105 4 During the year the issuer recorded certain revenue from consignment arrangements whereby revenue was recognized and inventory was relieved when products were shipped to customers by resellers. The firm did not perform any procedures to evaluate the reliability of the information that it obtained from resellers and used to test this revenue and the inventory held on consignment. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 1105 4 During the year the issuer recorded certain revenue from consignment arrangements whereby revenue was recognized and inventory was relieved when products were shipped to customers by resellers. The firm did not perform any procedures to evaluate the reliability of the information that it obtained from resellers and used to test this revenue and the inventory held on consignment. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 1105 6 During the year the issuer recorded certain revenue from consignment arrangements whereby revenue was recognized and inventory was relieved when products were shipped to customers by resellers. The firm did not perform any procedures to evaluate the reliability of the information that it obtained from resellers and used to test this revenue and the inventory held on consignment. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 1105 6 During the year the issuer recorded certain revenue from consignment arrangements whereby revenue was recognized and inventory was relieved when products were shipped to customers by resellers. The firm did not perform any procedures to evaluate the reliability of the information that it obtained from resellers and used to test this revenue and the inventory held on consignment. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 1105 4 The firm did not sufficiently test a component of the issuer's reserve for excess and obsolete inventory because its procedures were limited to recalculating the reserve using information obtained from the issuer's external warehouse manager without evaluating the reliability of this information. (AS 1105.04 and 06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 1105 6 The firm did not sufficiently test a component of the issuer's reserve for excess and obsolete inventory because its procedures were limited to recalculating the reserve using information obtained from the issuer's external warehouse manager without evaluating the reliability of this information. (AS 1105.04 and 06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized certain revenue from a contract with a customer based on specific formulas that measured the amount of consideration the issuer would receive for satisfaction of its performance obligation. The firm's substantive procedures to test this revenue included testing a sample of revenue transactions. For the transactions selected for testing the firm did not recalculate the consideration that the issuer used to record revenue to determine whether the consideration was calculated in accordance with the contract. (AS 2301.08 and .13) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized certain revenue from a contract with a customer based on specific formulas that measured the amount of consideration the issuer would receive for satisfaction of its performance obligation. The firm's substantive procedures to test this revenue included testing a sample of revenue transactions. For the transactions selected for testing the firm did not recalculate the consideration that the issuer used to record revenue to determine whether the consideration was calculated in accordance with the contract. (AS 2301.08 and .13) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 The firm did not perform any procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08; AS 2810.03) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2810 3 The firm did not perform any procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08; AS 2810.03) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer initiated and processed sales transactions at numerous business units. The firm designated certain business units as subject to more extensive audit procedures and used an other accounting firm to test one of these business units. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of the pricing information the issuer used to record revenue at the business units it tested. (AS 2201.39) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2101 11 The issuer initiated and processed sales transactions at numerous business units. The firm designated certain business units as subject to more extensive audit procedures and used an other accounting firm to test one of these business units. The following deficiencies were identified: · The firm identified a risk of material misstatement that applied to all of these business units and tested a control that addressed this risk at the business units it tested but it did not instruct the other accounting firm to test this control at the business unit that firm tested. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2101 12 The issuer initiated and processed sales transactions at numerous business units. The firm designated certain business units as subject to more extensive audit procedures and used an other accounting firm to test one of these business units. The following deficiencies were identified: · The firm identified a risk of material misstatement that applied to all of these business units and tested a control that addressed this risk at the business units it tested but it did not instruct the other accounting firm to test this control at the business unit that firm tested. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 B10 The issuer initiated and processed sales transactions at numerous business units. The firm designated certain business units as subject to more extensive audit procedures and used an other accounting firm to test one of these business units. The following deficiencies were identified: · The firm identified a risk of material misstatement that applied to all of these business units and tested a control that addressed this risk at the business units it tested but it did not instruct the other accounting firm to test this control at the business unit that firm tested. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2501 16 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete the contracts the firm selected for testing. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Investments Fraud Risk 1 AS 2201 42 The firm selected for testing a control that included the issuer's review of the fair values of certain investments. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used to determine the fair values of these investments. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Investments Fraud Risk 1 AS 2201 44 The firm selected for testing a control that included the issuer's review of the fair values of certain investments. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used to determine the fair values of these investments. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2301 8 During the year the issuer transferred certain securities from its available-for-sale portfolio to its held-to-maturity portfolio. The firm did not perform substantive procedures beyond inquiring of management to evaluate whether the issuer had the intent and ability to hold these securities to maturity. (AS 2301.08) Annually Inspected 173 Crowe LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 2 AS 2501 7 During the year the issuer transferred certain securities from its available-for-sale portfolio to its held-to-maturity portfolio. The firm did not perform any substantive procedures to test the fair value of these securities and the related unrealized loss as of the date of this transfer. (AS 2501.07) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For certain business units the firm identified a fraud risk but did not perform any tests of details to address this fraud risk. (AS 2301.13) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For certain of these business units and another business unit the firm did not perform any substantive procedures to test the completeness of revenue. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 1105 10 The firm used data produced by the issuer in its substantive procedures to test the reserve for excess and obsolete inventory. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain of these data. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 42 For one business unit the firm selected for testing a control that included the issuer's reviews of the accuracy and completeness of reports that were used in the operation of the issuer's controls over revenue and inventory. The firm did not test the aspects of this control that addressed the accuracy and/or completeness of certain of these reports. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 For one business unit the firm selected for testing a control that included the issuer's reviews of the accuracy and completeness of reports that were used in the operation of the issuer's controls over revenue and inventory. The firm did not test the aspects of this control that addressed the accuracy and/or completeness of certain of these reports. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 44 For one business unit the firm selected for testing a control that included the issuer's reviews of the accuracy and completeness of reports that were used in the operation of the issuer's controls over revenue and inventory. The firm did not test the aspects of this control that addressed the accuracy and/or completeness of certain of these reports. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 For one business unit the firm selected for testing a control that included the issuer's reviews of the accuracy and completeness of reports that were used in the operation of the issuer's controls over revenue and inventory. The firm did not test the aspects of this control that addressed the accuracy and/or completeness of certain of these reports. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2101 11 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2101 11 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2101 12 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2101 12 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 B10 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 B10 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2501 22 The issuer recorded certain revenue net of allowances for contractual adjustments. The firm's procedures to test the estimated portion of these contractual adjustments consisted of (1) developing an independent expectation (2) testing the issuer's process and (3) evaluating transactions occurring after the measurement date. The following deficiencies were identified: · When developing its independent expectation the firm did not perform procedures beyond inquiry to demonstrate it had a reasonable basis for a certain assumption it independently derived. (AS 2501.22) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 1105 10 The issuer recorded certain revenue net of allowances for contractual adjustments. The firm's procedures to test the estimated portion of these contractual adjustments consisted of (1) developing an independent expectation (2) testing the issuer's process and (3) evaluating transactions occurring after the measurement date. The following deficiencies were identified: · When testing the issuer's process and evaluating transactions occurring after the measurement date the firm used certain issuer-produced reports but did not perform any procedures to test or test any controls over the accuracy and/or completeness of these reports. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 8 The firm's substantive procedures to test the unit cost of inventory included selecting a sample of inventory items for testing. For certain items in its sample the firm did not perform procedures to test the cost of the raw materials included in the selected items. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 10 The firm used certain data in its substantive testing of the reserve for excess and obsolete inventory but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 1 AS 2501 16 For loans that were collectively evaluated for impairment the issuer estimated the qualitative reserve component of the allowance for loan losses (ALL) using qualitative factors. The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for a significant assumption the issuer used to develop certain of these qualitative factors. (AS 2501.16) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 2 AS 2301 8 For loans that were collectively evaluated for impairment the issuer estimated the qualitative reserve component of the allowance for loan losses (ALL) using qualitative factors. The firm's approach for substantively testing the ALL was to test the issuer's process. The issuer used information from a service organization to estimate this component of the ALL. The firm did not perform procedures to test the completeness of certain of this information. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of new or amended customer contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owner performed to identify and evaluate all relevant terms and conditions. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of new or amended customer contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owner performed to identify and evaluate all relevant terms and conditions. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. This revenue included an estimate of variable consideration in the transaction price. The firm selected for testing controls that consisted of the issuer's review of revenue recognition for these contracts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the significant assumptions used to estimate the total costs to complete the contracts and the variable consideration included in the transaction prices. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. This revenue included an estimate of variable consideration in the transaction price. The firm selected for testing controls that consisted of the issuer's review of revenue recognition for these contracts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the significant assumptions used to estimate the total costs to complete the contracts and the variable consideration included in the transaction prices. (AS 2201.42 and .44) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 1 AS 2201 39 The issuer used a service organization to manage the administration and valuation of investments and this service organization used sub-service organizations for certain functions. The service auditor's report did not address the controls over the sub-service organizations. The firm did not obtain an understanding of or test any relevant controls at the sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 1 AS 2201 B19 The issuer used a service organization to manage the administration and valuation of investments and this service organization used sub-service organizations for certain functions. The service auditor's report did not address the controls over the sub-service organizations. The firm did not obtain an understanding of or test any relevant controls at the sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 2 AS 2201 42 The firm selected for testing complementary user controls that consisted of the issuer's review of the valuation and quantity of underlying investments. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 2 AS 2201 44 The firm selected for testing complementary user controls that consisted of the issuer's review of the valuation and quantity of underlying investments. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 2 AS 2201 B22 The firm selected for testing complementary user controls that consisted of the issuer's review of the valuation and quantity of underlying investments. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 3 AS 2201 39 The firm selected for testing complementary user controls that consisted of the issuer's review of the valuation and quantity of underlying investments. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of these controls. (AS 2201.39) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 4 AS 2201 39 The firm did not identify and test any controls over the issuer's review of the (1) service auditor's report and (2) presentation and disclosure of investments in the financial statements. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 10 The firm's approach for substantively testing the valuation of acquired loans as of the acquisition date and at year end was to test the issuer's process. The firm did not evaluate whether the methods the issuer used to value these loans were in conformity with GAAP including the requirements of FASB ASC Topic 310 Receivables related to (1) whether the acquired assets included loans with deterioration in credit quality since origination and (2) the measurement of purchased impaired loans. (AS 2501.10) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2501 10 The firm's approach for substantively testing the valuation of acquired loans as of the acquisition date and at year end was to test the issuer's process. The firm did not evaluate whether the methods the issuer used to value these loans were in conformity with GAAP including the requirements of FASB ASC Topic 310 Receivables related to (1) whether the acquired assets included loans with deterioration in credit quality since origination and (2) the measurement of purchased impaired loans. (AS 2501.10) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 39 With respect to the allowance for loan losses (ALL) at one of the issuer's subsidiaries: The firm selected for testing a control that consisted of the issuer's review of the ALL. The firm did not identify and test any controls over the completeness of a manually prepared spreadsheet that was used in the operation of this control. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 1105 10 With respect to the allowance for loan losses (ALL) at one of the issuer's subsidiaries: The firm used this spreadsheet in its substantive testing of the ALL but did not perform any procedures to test or test any controls over the completeness of this spreadsheet. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 4 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm's substantive procedures to test revenue at certain of the issuer's locations consisted of substantive analytical procedures. For these substantive analytical procedures the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 6 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm's substantive procedures to test revenue at certain of the issuer's locations consisted of substantive analytical procedures. For these substantive analytical procedures the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2305 16 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm's substantive procedures to test revenue at certain of the issuer's locations consisted of substantive analytical procedures. For these substantive analytical procedures the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. For two of the issuer's reporting units the firm selected for testing controls that consisted of the issuer's reviews of the forecasts used in its goodwill impairment analysis including certain assumptions used in these forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. For two of the issuer's reporting units the firm selected for testing controls that consisted of the issuer's reviews of the forecasts used in its goodwill impairment analysis including certain assumptions used in these forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 The issuer valued certain inventory using the last-in first-out (LIFO) method. The following deficiencies were identified: · The firm did not identify and test any controls over the LIFO inventory reserve. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 The issuer valued certain inventory using the last-in first-out (LIFO) method. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the LIFO inventory reserve. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer recorded certain investment securities at fair value based on cash-flow models. The following deficiencies were identified: · The firm did not identify and test any controls over these cash-flow models including the data and assumptions the issuer used in these cash-flow models. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2501 7 The issuer recorded certain investment securities at fair value based on cash-flow models. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the fair value of these investment securities as of the issuer's year end. (AS 2501.07) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2301 8 The issuer recorded certain investment securities at fair value based on cash-flow models. The following deficiencies were identified: · The firm did not perform any substantive procedures to test certain required disclosures the issuer made under FASB ASC Topic 820 Fair Value Measurement. (AS 2301.08; AS 2501.07) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2501 7 The issuer recorded certain investment securities at fair value based on cash-flow models. The following deficiencies were identified: · The firm did not perform any substantive procedures to test certain required disclosures the issuer made under FASB ASC Topic 820 Fair Value Measurement. (AS 2301.08; AS 2501.07) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 B21 The issuer used a service organization for recordkeeping and processing of transactions related to certain other investment securities. The firm obtained a service auditor's report but did not assess how the controls that the service auditor tested related to the issuer's controls. Further the firm did not perform any procedures beyond inquiring of management to ascertain whether there were any changes in the service organization's controls from the date of this service auditor's report which was eight months before the issuer's year end. (AS 2201.B21 .B24 and .B25) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 B24 The issuer used a service organization for recordkeeping and processing of transactions related to certain other investment securities. The firm obtained a service auditor's report but did not assess how the controls that the service auditor tested related to the issuer's controls. Further the firm did not perform any procedures beyond inquiring of management to ascertain whether there were any changes in the service organization's controls from the date of this service auditor's report which was eight months before the issuer's year end. (AS 2201.B21 .B24 and .B25) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 B25 The issuer used a service organization for recordkeeping and processing of transactions related to certain other investment securities. The firm obtained a service auditor's report but did not assess how the controls that the service auditor tested related to the issuer's controls. Further the firm did not perform any procedures beyond inquiring of management to ascertain whether there were any changes in the service organization's controls from the date of this service auditor's report which was eight months before the issuer's year end. (AS 2201.B21 .B24 and .B25) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Litigation Contingencies Significant Risk 1 AS 2201 42 With respect to a significant litigation matter that was included in the issuer's contingencies disclosure the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of litigation contingencies. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the accounting for and disclosure of this litigation matter including the control owners' procedures to assess the degree of probability of an unfavorable outcome and the amount or range of potential loss. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Litigation Contingencies Significant Risk 1 AS 2201 44 With respect to a significant litigation matter that was included in the issuer's contingencies disclosure the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of litigation contingencies. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the accounting for and disclosure of this litigation matter including the control owners' procedures to assess the degree of probability of an unfavorable outcome and the amount or range of potential loss. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Litigation Contingencies Significant Risk 2 AS 2505 4 With respect to a significant litigation matter that was included in the issuer's contingencies disclosure the following deficiencies were identified: · The firm did not sufficiently evaluate whether the issuer's accounting for and disclosure of this litigation matter was appropriate in light of certain evidence the firm had obtained related to the probability of an unfavorable outcome and the amount or range of potential loss. (AS 2505.04; AS 2810.03) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Litigation Contingencies Significant Risk 2 AS 2810 3 With respect to a significant litigation matter that was included in the issuer's contingencies disclosure the following deficiencies were identified: · The firm did not sufficiently evaluate whether the issuer's accounting for and disclosure of this litigation matter was appropriate in light of certain evidence the firm had obtained related to the probability of an unfavorable outcome and the amount or range of potential loss. (AS 2505.04; AS 2810.03) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 1 AS 2201 39 The issuer recorded a loss reserve for certain insurance claims that were reinsured. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether these insurance claims were valid and in compliance with the terms of the reinsurance agreement. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 2 AS 2301 8 The issuer recorded a loss reserve for certain insurance claims that were reinsured. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether these insurance claims were valid and in compliance with the terms of the reinsurance agreement. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The issuer used a service organization to perform recordkeeping and pricing for its available-for-sale securities. The firm selected for testing a control that consisted of the issuer's comparison of prices this service organization used to prices that the issuer obtained from an external pricing service. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The issuer used a service organization to perform recordkeeping and pricing for its available-for-sale securities. The firm selected for testing a control that consisted of the issuer's comparison of prices this service organization used to prices that the issuer obtained from an external pricing service. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Investment Securities 2 AS 2201 39 The issuer used a service organization to perform recordkeeping and pricing for its available-for-sale securities. The firm selected for testing a control that consisted of the issuer's comparison of prices this service organization used to prices that the issuer obtained from an external pricing service. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report used in the operation of this control. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 42 The issuer assigned a risk rating to each of its commercial loans. The loan risk rating was an important input in estimating the ACL for commercial loans collectively assessed for impairment. The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to certain commercial loans. The firm did not evaluate (1) the criteria the control owners used to select loans for review and (2) whether the sample of loans that were reviewed was sufficient to address the risks of material misstatement presented by the different risk characteristics inherent in the population of these loans. (AS 2201.42) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 44 The issuer assigned a risk rating to each of its commercial loans. The loan risk rating was an important input in estimating the ACL for commercial loans collectively assessed for impairment. The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to certain commercial loans. The firm did not evaluate (1) the criteria the control owners used to select loans for review and (2) whether the sample of loans that were reviewed was sufficient to address the risks of material misstatement presented by the different risk characteristics inherent in the population of these loans. (AS 2201.42) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 4 AS 2201 39 The issuer assigned a risk rating to each of its commercial loans. The loan risk rating was an important input in estimating the ACL for commercial loans collectively assessed for impairment. The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to certain commercial loans. The firm did not identify and test any controls over the accuracy and completeness of certain loan information that the control owners used to select loans for review. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Journal Entries 5 AS 2201 39 The firm did not identify and test any controls that addressed the risk that certain types of journal entries could be posted to the issuer's general ledger system without review or approval. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 13 The firm's substantive procedures to test certain revenue included performing substantive analytical procedures. The firm did not determine whether the expectations used in these substantive analytical procedures were based on predictable relationships. Further the expectations the firm used were not sufficiently precise to identify differences that could be potential material misstatements individually or in the aggregate because the data used to develop the expectations did not address important factors that the issuer disclosed as having an effect on sales. (AS 2305.13 .14 and .17) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 14 The firm's substantive procedures to test certain revenue included performing substantive analytical procedures. The firm did not determine whether the expectations used in these substantive analytical procedures were based on predictable relationships. Further the expectations the firm used were not sufficiently precise to identify differences that could be potential material misstatements individually or in the aggregate because the data used to develop the expectations did not address important factors that the issuer disclosed as having an effect on sales. (AS 2305.13 .14 and .17) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 17 The firm's substantive procedures to test certain revenue included performing substantive analytical procedures. The firm did not determine whether the expectations used in these substantive analytical procedures were based on predictable relationships. Further the expectations the firm used were not sufficiently precise to identify differences that could be potential material misstatements individually or in the aggregate because the data used to develop the expectations did not address important factors that the issuer disclosed as having an effect on sales. (AS 2305.13 .14 and .17) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2315 16 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2315 23 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2315 23A The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The issuer recognized certain revenue based on product volumes delivered to customers. The firm used volume data in its substantive testing of this revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A K Yes Financial statement audit only Audits with a single deficiency Insurance-related Liabilities Significant Risk 1 AS 1105 10 The issuer used a significant assumption to estimate certain of its insurance-related liabilities. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain issuer-produced data that was used to develop this significant assumption. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Inventory 1 AS 2201 44 The issuer performed cycle counts of certain inventory. The firm selected for testing controls that included the issuer's reviews of the cycle count results. When testing the operating effectiveness of these controls the firm did not evaluate the specific review procedures that the control owners performed to investigate and resolve differences between the cycle counts and the quantities recorded in the issuer's inventory system. (AS 2201.44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets 1 AS 2201 39 The firm selected for testing a control that included the issuer's review of its disclosures related to revenue intangible assets and segment reporting. The firm did not identify and test any controls over the accuracy and completeness of the data and reports that the control owner used in the operation of this control for these disclosures. (AS 2201.39) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 39 The firm selected for testing a control that included the issuer's review of its disclosures related to revenue intangible assets and segment reporting. The firm did not identify and test any controls over the accuracy and completeness of the data and reports that the control owner used in the operation of this control for these disclosures. (AS 2201.39) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Segment Reporting 1 AS 2201 39 The firm selected for testing a control that included the issuer's review of its disclosures related to revenue intangible assets and segment reporting. The firm did not identify and test any controls over the accuracy and completeness of the data and reports that the control owner used in the operation of this control for these disclosures. (AS 2201.39) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets 2 AS 1105 10 The firm used certain of these data and reports in its substantive testing of these disclosures but did not perform any procedures to test or test any controls over the accuracy and completeness of these data and reports. (AS 1105.10) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 1105 10 The firm used certain of these data and reports in its substantive testing of these disclosures but did not perform any procedures to test or test any controls over the accuracy and completeness of these data and reports. (AS 1105.10) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Segment Reporting 2 AS 1105 10 The firm used certain of these data and reports in its substantive testing of these disclosures but did not perform any procedures to test or test any controls over the accuracy and completeness of these data and reports. (AS 1105.10) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the future production volume assumptions. In evaluating the design of this control the firm did not identify that the control owner did not evaluate the methods assess the accuracy and completeness of the non-financial data and evaluate the reasonableness of the non-financial assumptions used by the company's specialists. (AS 2201.42) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm did not perform procedures to test or sufficiently test controls over the accuracy and completeness of the non-financial data used by the company's specialists. (AS 1105.A8a) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1105 A8b The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant future production volume assumptions beyond comparing these assumptions to historical production volume information from the acquired business. (AS 1105.A8b) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1105 A8b The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant non-financial assumptions that were developed by the company's specialists or the issuer and used by the company's specialists to develop the future production volumes. (AS 1105.A8b; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant non-financial assumptions that were developed by the company's specialists or the issuer and used by the company's specialists to develop the future production volumes. (AS 1105.A8b; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 5 AS 1105 A8c The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm did not perform any procedures beyond inquiry to evaluate whether the methods used by the company's specialists were appropriate under the circumstances. (AS 1105.A8c) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 6 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer recorded depletion expense for the acquired oil and gas properties using the oil and gas reserves that the company's specialists estimated using financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of the financial and non-financial data used by the company's specialists. (AS 1105.A8a) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 7 AS 1105 A8b The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer recorded depletion expense for the acquired oil and gas properties using the oil and gas reserves that the company's specialists estimated using financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant financial and non-financial assumptions that were developed by the company's specialists or the issuer and used by the company's specialists to develop the future production volumes. (AS 1105.A8b; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 7 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer recorded depletion expense for the acquired oil and gas properties using the oil and gas reserves that the company's specialists estimated using financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant financial and non-financial assumptions that were developed by the company's specialists or the issuer and used by the company's specialists to develop the future production volumes. (AS 1105.A8b; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 8 AS 1105 A8c The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer recorded depletion expense for the acquired oil and gas properties using the oil and gas reserves that the company's specialists estimated using financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm did not evaluate whether the methods used by the company's specialists were appropriate under the circumstances. (AS 1105.A8c) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's determination of the standalone selling prices. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the standalone selling prices that the issuer used to record revenue. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate certain contractual terms and conditions that could affect the issuer's determination of the duration of certain contracts and the related revenue recognition. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of certain contracts under these types of arrangements for appropriate revenue recognition. The firm did not identify that the control was not designed to address whether the issuer considered all reasonably available information when estimating the standalone selling prices. (AS 2201.42) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2501 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not evaluate whether the methods that the issuer used to estimate the standalone selling prices maximized the use of observable inputs in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2501.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2501 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not evaluate whether the methods that the issuer used to determine the effect of changes in the transaction price after contract inception were in conformity with FASB ASC Topic 606 beyond observing that certain changes were approved. (AS 2501.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record transactions related to inventory at one business unit. In its testing of controls over this inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record transactions related to inventory at one business unit. In its testing of controls over this inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. · With respect to change management the firm selected for testing a control over the issuer's review of changes to the production environment for this IT system. The firm did not test the aspects of this control that addressed whether unauthorized changes could be made directly to the production environment. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record transactions related to inventory at one business unit. In its testing of controls over this inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. · With respect to change management the firm selected for testing a control over the issuer's review of changes to the production environment for this IT system. The firm did not test the aspects of this control that addressed whether unauthorized changes could be made directly to the production environment. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record transactions related to inventory at one business unit. In its testing of controls over this inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. · With respect to user access the firm selected for testing a control that consisted of the issuer's periodic review of user access to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted privileged access continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record transactions related to inventory at one business unit. In its testing of controls over this inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. · With respect to user access the firm selected for testing a control that consisted of the issuer's periodic review of user access to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted privileged access continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 48 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · The firm selected for testing a control over the issuer's review of whether a count designation was assigned to each inventory item. The firm identified a deviation in the operation of this control but did not evaluate the effect of this deviation on the operating effectiveness of the control. (AS 2201.48) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 42 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · The firm selected for testing an automated control over the assignment of the count designations but did not test whether the issuer's IT system was properly configured to assign the appropriate count designation to each inventory item. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 44 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · The firm selected for testing an automated control over the assignment of the count designations but did not test whether the issuer's IT system was properly configured to assign the appropriate count designation to each inventory item. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 42 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the overall cycle-count results. The firm did not test the aspect of this control that addressed whether inventory counts were performed in accordance with the designated count frequency. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 44 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the overall cycle-count results. The firm did not test the aspect of this control that addressed whether inventory counts were performed in accordance with the designated count frequency. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2510 11 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · Due to the deficiencies discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 2301 8 The issuer disclosed that it had certain leases that had been executed by year end but had not yet commenced. The firm did not perform any procedures to evaluate whether any of these leases should have been recorded as right-of-use assets and lease liabilities at year end. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Leases 2 AS 2301 8 To evaluate the issuer's classification of leases as operating or financing the firm tested a sample of current-year lease additions but did not perform any procedures to test the fair values of the underlying assets that the issuer used in determining the leases' classification. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Leases 3 AS 1105 10 The firm used issuer-prepared schedules in its substantive testing of certain of the issuer's lease disclosures but did not perform any procedures to test or test any controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A G Yes ICFR audit only Audits with multiple deficiencies Derivatives 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's validation of the models that the issuer used in the valuation of certain of its investment securities and derivatives. The firm did not evaluate the specific review procedures that the control owners performed to assess the results of the testing of these models. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A G Yes ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's validation of the models that the issuer used in the valuation of certain of its investment securities and derivatives. The firm did not evaluate the specific review procedures that the control owners performed to assess the results of the testing of these models. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A G Yes ICFR audit only Audits with multiple deficiencies Derivatives 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's validation of the models that the issuer used in the valuation of certain of its investment securities and derivatives. The firm did not evaluate the specific review procedures that the control owners performed to assess the results of the testing of these models. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A G Yes ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's validation of the models that the issuer used in the valuation of certain of its investment securities and derivatives. The firm did not evaluate the specific review procedures that the control owners performed to assess the results of the testing of these models. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Intangible Assets 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's quarterly assessment of qualitative and quantitative factors to determine whether indicators of potential impairment of certain intangible assets existed. The firm did not identify that this control was not designed to identify and evaluate certain quantitative indicators of potential impairment. (AS 2201.42) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A I No ICFR audit only Audits with a single deficiency Asset Retirement Obligations 1 AS 2201 48 The issuer used an IT system to develop certain cost estimates related to its asset retirement obligations (ARO). The firm selected for testing an automated control over changes to the configuration of this IT system. The firm identified a deviation in the operation of this control but did not evaluate the effect of this deviation on the operating effectiveness of the control. (AS 2201.48) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Goodwill 1 AS 2301 8 The issuer performed its annual analysis of goodwill for potential impairment as of an interim date. The firm did not evaluate an indicator of potential impairment that existed at year end. (AS 2301.08; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Goodwill 1 AS 2810 3 The issuer performed its annual analysis of goodwill for potential impairment as of an interim date. The firm did not evaluate an indicator of potential impairment that existed at year end. (AS 2301.08; AS 2810.03) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded revenue at the time its services were provided to its customers. The firm did not perform any substantive procedures to test whether the performance obligation had been fully satisfied before revenue was recognized. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm used information produced by the issuer in its testing of transaction prices but did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain of this information. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Warrants 3 AS 2810 30 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer issued warrants that were recorded as liabilities. The firm did not identify and evaluate misstatements in the fair value measurement of these warrants. (AS 2810.30) In connection with our review the issuer reevaluated its accounting for these warrants and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 1 AS 2201 42 The issuer held loans receivable that were measured at fair value. The issuer determined the fair values of these loans based on discounted cash flows it developed using various significant assumptions including the issuer's approach to grouping loans in order to estimate fair value. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) comparison of actual cash flows to forecasted cash flows (2) reviews of the reasonableness of discount rates and (3) review of its disclosures related to loans receivable. The firm did not evaluate the specific review procedures that the control owners performed to identify items for follow up investigate identified variances and/or determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over loans receivable and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 1 AS 2201 44 The issuer held loans receivable that were measured at fair value. The issuer determined the fair values of these loans based on discounted cash flows it developed using various significant assumptions including the issuer's approach to grouping loans in order to estimate fair value. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) comparison of actual cash flows to forecasted cash flows (2) reviews of the reasonableness of discount rates and (3) review of its disclosures related to loans receivable. The firm did not evaluate the specific review procedures that the control owners performed to identify items for follow up investigate identified variances and/or determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over loans receivable and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 2 AS 2201 39 The issuer held loans receivable that were measured at fair value. The issuer determined the fair values of these loans based on discounted cash flows it developed using various significant assumptions including the issuer's approach to grouping loans in order to estimate fair value. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) comparison of actual cash flows to forecasted cash flows (2) reviews of the reasonableness of discount rates and (3) review of its disclosures related to loans receivable. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of two of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls over loans receivable and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 3 AS 2201 39 The issuer held loans receivable that were measured at fair value. The issuer determined the fair values of these loans based on discounted cash flows it developed using various significant assumptions including the issuer's approach to grouping loans in order to estimate fair value. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the (1) reasonableness of the issuer's grouping of loans and (2) mathematical logic of the discounted cash flow models used by the issuer to determine the fair values of these loans. (AS 2201.39) In connection with our review the issuer reevaluated its controls over loans receivable and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 4 AS 2501 16 The firm's approach for substantively testing the fair values of these loans was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions related to the expected timing of cash flows and the grouping of loans. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 5 AS 1201 C6 The firm's approach for substantively testing the fair values of these loans was to test the issuer's process. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the discount rates the issuer selected from a range of potential discount rates it developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the issuer had a reasonable basis for (1) the discount rates used and (2) the issuer's selection of the discount rates from the range of potential discount rates. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 5 AS 1201 C7 The firm's approach for substantively testing the fair values of these loans was to test the issuer's process. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the discount rates the issuer selected from a range of potential discount rates it developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the issuer had a reasonable basis for (1) the discount rates used and (2) the issuer's selection of the discount rates from the range of potential discount rates. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 5 AS 2501 16 The firm's approach for substantively testing the fair values of these loans was to test the issuer's process. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the discount rates the issuer selected from a range of potential discount rates it developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the issuer had a reasonable basis for (1) the discount rates used and (2) the issuer's selection of the discount rates from the range of potential discount rates. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 6 AS 2501 10 The firm's approach for substantively testing the fair values of these loans was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions related to the expected timing of cash flows and the grouping of loans. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 7 AS 1105 10 The firm used an issuer-prepared schedule in its substantive testing of certain loans-receivable disclosures but did not perform any procedures to test or test controls over the accuracy and completeness of this schedule. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing a control that consisted of the issuer's review of customer pricing changes subsequent to the execution renewal or amendment of a customer contract with preferential pricing. The number of changes selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing a control that consisted of the issuer's review of customer pricing changes subsequent to the execution renewal or amendment of a customer contract with preferential pricing. The number of changes selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing controls that included the issuer's review of customers' status. The firm did not test the aspects of these controls that addressed the issuer's review of changes to existing customers' status. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing controls that included the issuer's review of customers' status. The firm did not test the aspects of these controls that addressed the issuer's review of changes to existing customers' status. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing controls that included the issuer's review of customers' status. The firm did not test the aspects of these controls that addressed the issuer's review of changes to existing customers' status. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing controls that included the issuer's review of customers' status. The firm did not test the aspects of these controls that addressed the issuer's review of changes to existing customers' status. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm did not identify and test any controls over the accuracy of product cost information the issuer used to determine the sales prices in accordance with certain customer contracts. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm did not identify and test any controls over the accuracy of product cost information the issuer used to determine the sales prices in accordance with certain customer contracts. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 10 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm did not perform procedures to test or test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing of this revenue. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm did not perform procedures to test or test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing of this revenue. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 39 For two business units the firm did not identify and test any controls over the accuracy and completeness of certain information used to record revenue. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 For two business units the firm did not identify and test any controls over the accuracy and completeness of certain information used to record revenue. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 For these same business units the firm selected for testing certain controls that prevented the processing of orders for customers on credit hold. The firm did not test beyond inquiry the aspect of these controls that addressed which users had the ability to release customers from credit hold. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 42 For these same business units the firm selected for testing certain controls that prevented the processing of orders for customers on credit hold. The firm did not test beyond inquiry the aspect of these controls that addressed which users had the ability to release customers from credit hold. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 For these same business units the firm selected for testing certain controls that prevented the processing of orders for customers on credit hold. The firm did not test beyond inquiry the aspect of these controls that addressed which users had the ability to release customers from credit hold. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 44 For these same business units the firm selected for testing certain controls that prevented the processing of orders for customers on credit hold. The firm did not test beyond inquiry the aspect of these controls that addressed which users had the ability to release customers from credit hold. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 39 For one of these business units the firm selected for testing a control over the issuer's review of certain customer's accounts receivable balances. The firm did not identify and test any controls over the accuracy and completeness of a report used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 39 For one of these business units the firm selected for testing a control over the issuer's review of certain customer's accounts receivable balances. The firm did not identify and test any controls over the accuracy and completeness of a report used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2201 39 For two other business units the firm did not identify and test any controls that addressed the risk of material misstatement related to the acceptance of invalid or unauthorized customer orders. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 39 For two other business units the firm did not identify and test any controls that addressed the risk of material misstatement related to the acceptance of invalid or unauthorized customer orders. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 10 AS 2101 11 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2101 11 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 10 AS 2101 12 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2101 12 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 10 AS 2201 B10 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 B10 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 11 AS 2201 42 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2201 42 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 11 AS 2201 44 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2201 44 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 12 AS 2201 39 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not identify and test any controls over the review of the budget used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2201 39 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not identify and test any controls over the review of the budget used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 13 AS 2301 8 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To firm did not perform any substantive procedures to test revenue for these business units. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 13 AS 2301 8 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To firm did not perform any substantive procedures to test revenue for these business units. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 14 AS 2310 8 The firm sent positive confirmation requests to the issuer's lenders. The following deficiencies were identified related to the confirmation requests for one of the lenders: · The firm did not maintain control over a confirmation request through direct communication between the firm and the intended recipient of the request. (AS 2310.28) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 15 AS 2310 29 The firm sent positive confirmation requests to the issuer's lenders. The following deficiencies were identified related to the confirmation requests for one of the lenders: · The confirmation response was returned by email. The firm performed procedures to verify the source of the response but did not evaluate certain inconsistencies it identified through the performance of these procedures. (AS 2310.29) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 16 AS 2201 39 The firm did not identify and test any controls that addressed the issuer's compliance with certain non-financial contractual debt covenants. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 17 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's compliance with these covenants. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 18 AS 1105 10 The firm used certain issuer-prepared schedules in its substantive testing of certain debt disclosures. The firm did not perform any procedures to test or test controls over the accuracy of these schedules. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 19 AS 2301 8 The firm used certain issuer-prepared schedules in its substantive testing of certain debt disclosures. The firm did not identify and evaluate certain differences between the issuer's debt disclosures and these schedules. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 20 AS 2501 7 The firm did not perform any procedures to test the issuer's fair value disclosures for certain debt. (AS 2501.07) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 21 AS 2201 44 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the fair values of assets acquired in these business combinations including the assumptions the issuer used. In its testing of the operating effectiveness of this control the firm did not evaluate whether an item identified for follow up was appropriately resolved. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 22 AS 2201 39 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the fair values of assets acquired in these business combinations including the assumptions the issuer used. In its testing of the operating effectiveness of this control the firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 23 AS 2501 16 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · From one of these business combinations the firm did not sufficiently evaluate whether an assumption was consistent with historical and recent experience because it did not evaluate the significant differences between the assumption and this experience. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for this assumption but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's historical and recent experience. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 23 AS 2501 17 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · From one of these business combinations the firm did not sufficiently evaluate whether an assumption was consistent with historical and recent experience because it did not evaluate the significant differences between the assumption and this experience. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for this assumption but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's historical and recent experience. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 24 AS 2810 30 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 24 AS 2810 31 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 25 AS 2201 39 The firm did not identify and test any controls that addressed whether the issuer used appropriate useful lives in the calculation of amortization expense for finite-lived intangible assets. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 26 AS 2810 30 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 26 AS 2810 31 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 27 AS 2201 39 The firm did not identify and test any controls over the accuracy of certain schedules the issuer used to determine its financial statement disclosures. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 28 AS 2201 44 The firm selected for testing a control that was designed to address the firm's identified fraud risk related to inappropriate changes being made to certain business unit sub-ledgers prior to consolidation. In its testing of the operating effectiveness of this control the firm did not evaluate the specific review procedures that the control owner performed to investigate identified differences. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 29 AS 2201 39 The firm selected for testing a control that was designed to address the firm's identified fraud risk related to inappropriate changes being made to certain business unit sub-ledgers prior to consolidation. In its testing of the operating effectiveness of this control the firm did not identify and test any controls over the accuracy and completeness of certain business unit sub-ledgers used in the operation of the control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 30 AS 2301 13 The firm's substantive procedures to address the risk related to inappropriate changes consisted of an independent comparison of certain business unit sub-ledgers to the general ledger. The following deficiencies were identified: · The firm (1) limited its comparison to certain accounts and (2) identified differences in its testing of these accounts but did not perform procedures to evaluate these differences other than concluding that the differences were not material in the aggregate. (AS 2301.13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 31 AS 1105 10 The firm's substantive procedures to address the risk related to inappropriate changes consisted of an independent comparison of certain business unit sub-ledgers to the general ledger. The following deficiencies were identified: · The firm did not perform procedures to test or test controls over the accuracy and completeness of the business unit sub-ledgers it used in its testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 32 AS 2201 39 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. For the business units the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not identify and test any controls that addressed this risk. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 33 AS 2401 58 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. For the business units the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test journal entries to address this risk. (AS 2401.58) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 1 AS 2201 42 The issuer recorded revenue net of customer sales incentives and returns. The following deficiencies were identified with respect to one business unit: · The firm selected for testing a control that consisted of the issuer's review of the sales incentive reserve. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) reasonableness of the sales incentive reserve and (2) accuracy and completeness of certain information used to determine the sales incentive reserve. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 1 AS 2201 44 The issuer recorded revenue net of customer sales incentives and returns. The following deficiencies were identified with respect to one business unit: · The firm selected for testing a control that consisted of the issuer's review of the sales incentive reserve. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) reasonableness of the sales incentive reserve and (2) accuracy and completeness of certain information used to determine the sales incentive reserve. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 2 AS 2201 39 The issuer recorded revenue net of customer sales incentives and returns. The following deficiencies were identified with respect to one business unit: · The firm selected for testing a control that consisted of the issuer's review of sales returns. The firm did not identify and test any controls over the accuracy and completeness of return information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 3 AS 1105 10 The issuer recorded revenue net of customer sales incentives and returns. The following deficiencies were identified with respect to one business unit: · The firm did not perform any procedures to test or test controls over the accuracy and completeness of a report produced by the issuer that it used in its substantive testing of the sales incentive reserve. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 4 AS 2501 22 The issuer recorded revenue net of customer sales incentives and returns. The following deficiencies were identified with respect to one business unit: · The firm's approach to substantively test the issuer's sales return reserve was to develop an independent expectation of the estimate. The firm did not perform procedures to demonstrate it had a reasonable basis for the method used to develop its independent expectation. (AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 5 AS 2201 39 The firm selected for testing a control over the issuer's review of the accuracy of pricing information used to record revenue at this business unit. The firm did not identify and test any controls over the accuracy of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 7 AS 2501 28 For a second business unit the firm's approach to substantively test the issuer's sales incentive and sales return reserves was to examine transactions that occurred after year end. The firm did not evaluate whether the audit evidence obtained was sufficient including whether the evidence supported or contradicted these estimates. (AS 2501.28) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2201 39 The firm selected for testing a control over the issuer's review of the reserve for excess and obsolete inventory at one business unit. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 9 AS 2401 58 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm subjected certain of the issuer's business units to less extensive audit procedures. The firm did not perform any substantive procedures to test journal entries to address this risk at these business units. (AS 2401.58) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 1 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed the Information Technology General Controls (ITGCs) area but did not identify the deficiency below. For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed the Information Technology General Controls (ITGCs) area but did not identify the deficiency below. For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed the Information Technology General Controls (ITGCs) area but did not identify the deficiency below. For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed the Information Technology General Controls (ITGCs) area but did not identify the deficiency below. For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 2 AS 2201 46 For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 46 For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 46 For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 46 For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 3 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · For certain revenue accounts receivable and inventory the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls and (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · For certain revenue accounts receivable and inventory the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls and (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · For certain revenue accounts receivable and inventory the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls and (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · For certain revenue accounts receivable and inventory the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls and (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2301 16 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 16 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 16 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2301 18 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 18 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 18 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 18 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2301 37 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 37 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 37 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 37 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2315 19 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 19 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 19 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2315 23 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2315 23A As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23A As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23A As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The firm did not identify and test any controls over inventory costing. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 42 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's performance of physical inventory counts. The firm did not test the aspect of these controls that addressed whether recorded inventory reflected the results of the issuer's physical counts. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 44 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's performance of physical inventory counts. The firm did not test the aspect of these controls that addressed whether recorded inventory reflected the results of the issuer's physical counts. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 8 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The firm did not perform sufficient procedures to test the existence of this inventory because it did not inspect any records of the issuer's counts on which the year-end inventory was based. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 16 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 18 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 37 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 19 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 23 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 23A For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 9 AS 2201 39 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to these business units the following deficiencies were identified: · The firm did not identify and test any controls that addressed this risk. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 10 AS 2401 58 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to these business units the following deficiencies were identified: · The firm did not perform any substantive procedures to test journal entries to address this risk. (AS 2401.58) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 25 For one business unit the firm's substantive procedures to test revenue consisted of testing a sample of transactions. For certain of the transactions it selected for testing the firm was unable to obtain evidence demonstrating that the performance obligation had been satisfied when revenue was recognized. The firm did not consider the effect of these unexamined transactions on its evaluation of the sample results. (AS 2315.25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 For a second business unit the following deficiencies were identified: · The firm did not identify and test any controls that addressed the risk related to accuracy of the quantity of items ordered. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 16 For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 18 For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 37 For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 19 For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23 For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23A For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 42 For one business unit the firm selected for testing the issuer's cycle-count control over the existence of inventory. The firm did not evaluate whether this control was designed to address whether all recorded inventory items were counted. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2510 11 Due to the deficiency discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2510 12 For another business unit the issuer performed full physical counts of inventory at various locations before year end. To test the existence of inventory at these locations the firm observed the issuer's physical counts and made certain independent test counts. The following deficiencies were identified: · For one of these locations the firm obtained an inventory listing from a date subsequent to the issuer's physical count. The firm did not inspect any records of the issuer's counts and apply appropriate tests of intervening transactions between the date of the issuer's counts and the date of the inventory listing. (AS 2510.12) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 8 For another business unit the issuer performed full physical counts of inventory at various locations before year end. To test the existence of inventory at these locations the firm observed the issuer's physical counts and made certain independent test counts. The following deficiencies were identified: · For another location the firm did not perform any procedures to evaluate certain differences it identified from its independent test counts. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 1105 10 For another business unit the issuer performed full physical counts of inventory at various locations before year end. To test the existence of inventory at these locations the firm observed the issuer's physical counts and made certain independent test counts. The following deficiencies were identified: · For two locations and certain other locations the firm did not perform appropriate procedures to test or test controls over the accuracy and/or completeness of certain issuer-produced reports it used to test intervening transactions between the dates of its inventory observations and year end. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 9 AS 2201 42 During the year the issuer acquired several businesses. The firm selected for testing a control that included the issuer's review of the fair values of assets acquired in these business combinations including the significant assumptions used. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain significant assumptions. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 9 AS 2201 44 During the year the issuer acquired several businesses. The firm selected for testing a control that included the issuer's review of the fair values of assets acquired in these business combinations including the significant assumptions used. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain significant assumptions. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 10 AS 2201 39 During the year the issuer acquired several businesses. The firm selected for testing a control that included the issuer's review of the fair values of assets acquired in these business combinations including the significant assumptions used. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 1105 A8a During the year the issuer acquired several businesses. For one of these business combinations the issuer engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist that was used in the measurement of an acquired intangible asset. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate (1) whether this assumption was consistent with recent existing market information and (2) whether certain data the company's specialist used to develop this assumption were relevant to the assumption beyond observing that the data were from comparable industries. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 1105 A8b During the year the issuer acquired several businesses. For one of these business combinations the issuer engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist that was used in the measurement of an acquired intangible asset. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate (1) whether this assumption was consistent with recent existing market information and (2) whether certain data the company's specialist used to develop this assumption were relevant to the assumption beyond observing that the data were from comparable industries. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 1201 C6 During the year the issuer acquired several businesses. For one of these business combinations the issuer engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist that was used in the measurement of an acquired intangible asset. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate (1) whether this assumption was consistent with recent existing market information and (2) whether certain data the company's specialist used to develop this assumption were relevant to the assumption beyond observing that the data were from comparable industries. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 1201 C7 During the year the issuer acquired several businesses. For one of these business combinations the issuer engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist that was used in the measurement of an acquired intangible asset. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate (1) whether this assumption was consistent with recent existing market information and (2) whether certain data the company's specialist used to develop this assumption were relevant to the assumption beyond observing that the data were from comparable industries. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 12 AS 2501 16 During the year the issuer acquired several businesses. For one of these business combinations the issuer engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist that was used in the measurement of an acquired intangible asset. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate (1) whether this assumption was consistent with recent existing market information and (2) whether certain data the company's specialist used to develop this assumption were relevant to the assumption beyond observing that the data were from comparable industries. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 13 AS 2301 8 During the year the issuer acquired several businesses. For one of these business combinations the firm did not perform any substantive procedures to test the existence of inventory at the acquisition date. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 42 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a control that addressed the issuer's review of certain investments for potential impairment. The firm did not evaluate whether the control was designed to consider all of the relevant requirements of FASB ASC Topic 326 Current Expected Credit Losses when assessing whether an impairment loss or credit impairment existed for these investments. (AS 2201.42 and .B22) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 B22 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a control that addressed the issuer's review of certain investments for potential impairment. The firm did not evaluate whether the control was designed to consider all of the relevant requirements of FASB ASC Topic 326 Current Expected Credit Losses when assessing whether an impairment loss or credit impairment existed for these investments. (AS 2201.42 and .B22) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2201 42 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a control that addressed the issuer's review of certain investments for potential impairment. The firm did not evaluate whether the control was designed to consider all of the relevant requirements of FASB ASC Topic 326 Current Expected Credit Losses when assessing whether an impairment loss or credit impairment existed for these investments. (AS 2201.42 and .B22) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2201 B22 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a control that addressed the issuer's review of certain investments for potential impairment. The firm did not evaluate whether the control was designed to consider all of the relevant requirements of FASB ASC Topic 326 Current Expected Credit Losses when assessing whether an impairment loss or credit impairment existed for these investments. (AS 2201.42 and .B22) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2201 39 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a control over the review of monthly investment reconciliations. The firm did not identify and test any controls over the accuracy and completeness of certain reports used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2201 39 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2201 B19 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 5 AS 2201 B24 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · For one sub-service organization the firm did not perform any procedures to evaluate whether there were any changes in the sub-service organization's controls from the date of the service auditor's report to year end given the length of period under audit not covered by the service auditor's report. (AS 2201.B24 and .B25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 5 AS 2201 B25 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · For one sub-service organization the firm did not perform any procedures to evaluate whether there were any changes in the sub-service organization's controls from the date of the service auditor's report to year end given the length of period under audit not covered by the service auditor's report. (AS 2201.B24 and .B25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 7 AS 2301 8 The firm did not perform sufficient procedures to evaluate the issuer's conclusion that no impairment or credit loss existed for certain investments because it did not take into account certain relevant requirements of FASB ASC Topic 326. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 8 AS 2301 8 The firm used an auditor-engaged specialist to assist it with evaluating the appropriateness of the issuer's categorization of investments within the fair value hierarchy set forth in FASB ASC Topic 820 Fair Value Measurement. The firm identified certain differences between the categorizations determined by the issuer and those determined by the auditor-engaged specialist but did not perform any procedures to evaluate these differences. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Insurance Reserves Significant Risk 9 AS 1105 10 The issuer used an IT system to process and record transactions and data which the issuer used in estimating its insurance reserves. The firm selected for testing controls over change management for this system but did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Insurance Reserves Significant Risk 10 AS 2201 46 The issuer used an IT system to process and record transactions and data which the issuer used in estimating its insurance reserves. In its testing of controls over insurance reserves the firm tested various IT-dependent manual controls that used data generated or maintained by this IT system. As a result of the deficiency in the firm's testing of ITGCs the firm's testing of these IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Insurance Reserves Significant Risk 11 AS 2201 39 The issuer used an IT system to process and record transactions and data which the issuer used in estimating its insurance reserves. In its testing of controls over insurance reserves the firm tested various IT-dependent manual controls that used data generated or maintained by this IT system. The firm did not identify and test any controls over the reliability of certain data that the issuer obtained from external parties and used in the operation of these IT-dependent controls. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Insurance Reserves Significant Risk 12 AS 1105 4 The firm's approach for substantively testing insurance reserves was to develop an independent expectation using these external data. The firm did not evaluate the reliability of these data used in developing its independent expectation. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Insurance Reserves Significant Risk 12 AS 1105 6 The firm's approach for substantively testing insurance reserves was to develop an independent expectation using these external data. The firm did not evaluate the reliability of these data used in developing its independent expectation. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 1 AS 2201 18 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 18 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 18 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 1 AS 2605 10 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2605 10 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2605 10 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer performed cycle counts of certain inventory. The firm selected for testing controls that consisted of the issuer's review of the cycle-count results. The following deficiencies were identified: · For one of these controls the firm did not test beyond inquiry certain aspects of this control. Further in evaluating the design of another aspect of this control the firm did not determine whether certain items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The issuer performed cycle counts of certain inventory. The firm selected for testing controls that consisted of the issuer's review of the cycle-count results. The following deficiencies were identified: · For one of these controls the firm did not test beyond inquiry certain aspects of this control. Further in evaluating the design of another aspect of this control the firm did not determine whether certain items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The issuer performed cycle counts of certain inventory. The firm selected for testing controls that consisted of the issuer's review of the cycle-count results. The following deficiencies were identified: · In evaluating the design of an aspect of another control the firm did not evaluate whether the thresholds the control owner used to identify items for investigation were sufficiently precise to detect material misstatements. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The issuer performed cycle counts of certain inventory. The firm selected for testing controls that consisted of the issuer's review of the cycle-count results. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of certain information used in the operation of the control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 8 To test the existence of this inventory the firm performed independent physical counts of inventory at year end. The following deficiency was identified: · The firm did not sufficiently test inventory because it did not compare the inventory listings it used to perform its substantive procedures to the recorded balance. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2315 16 To test the existence of this inventory the firm performed independent physical counts of inventory at year end. The following deficiency was identified: · The firm's sample size for testing the existence of this inventory was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2315 23 To test the existence of this inventory the firm performed independent physical counts of inventory at year end. The following deficiency was identified: · The firm's sample size for testing the existence of this inventory was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2315 23A To test the existence of this inventory the firm performed independent physical counts of inventory at year end. The following deficiency was identified: · The firm's sample size for testing the existence of this inventory was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 For certain inventory the firm did not identify and test any controls over the reserve for excess and obsolete inventory. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 16 The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 18 The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 37 The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 19 The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 23 The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 23A The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 8 The issuer used service organizations to process and/or record transactions for revenue and related accounts and the firm used certain information including delivery information produced by these service organizations in its substantive testing of these accounts. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy and/or completeness of certain of this information. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 13 The issuer used service organizations to process and/or record transactions for revenue and related accounts and the firm used certain information including delivery information produced by these service organizations in its substantive testing of these accounts. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy and/or completeness of certain of this information. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2301 8 The issuer used service organizations to process and/or record transactions for revenue and related accounts and the firm used certain information including delivery information produced by these service organizations in its substantive testing of these accounts. The following deficiencies were identified: · The firm's substantive procedures to test revenue included selecting a sample of revenue transactions. For certain selections the firm did not perform substantive procedures to test this delivery information beyond comparing the information to another report from the service organization. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2301 13 The issuer used service organizations to process and/or record transactions for revenue and related accounts and the firm used certain information including delivery information produced by these service organizations in its substantive testing of these accounts. The following deficiencies were identified: · The firm's substantive procedures to test revenue included selecting a sample of revenue transactions. For certain selections the firm did not perform substantive procedures to test this delivery information beyond comparing the information to another report from the service organization. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 2501 16 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to sales growth product mix and pricing for the forecast period. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of the forecasted sales growth. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2501 16 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to sales growth product mix and pricing for the forecast period. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain pricing assumptions because it limited its procedures to inquiry of management and review of internal plans without taking into account the issuer's ability to carry out its planned course of action. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2501 17 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to sales growth product mix and pricing for the forecast period. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain pricing assumptions because it limited its procedures to inquiry of management and review of internal plans without taking into account the issuer's ability to carry out its planned course of action. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 2501 16 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to sales growth product mix and pricing for the forecast period. The following deficiencies were identified: · The firm did not evaluate whether the issuer had a reasonable basis for (1) the product mix assumption and (2) another pricing assumption. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Intangible Assets 6 AS 2301 8 The firm did not perform procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 For certain revenue at one business unit the following deficiencies were identified: · For contracts with recurring monthly revenue the firm did not identify and test any controls over the recording of certain of this revenue. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 For certain revenue at one business unit the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the accuracy and completeness of customer contract information in the issuer's system that it used to record revenue. In its testing of the operating effectiveness of this control the firm did not test this aspect of the control. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 For certain revenue at one business unit the following deficiencies were identified: · As a result of the deficiency identified the firm did not perform sufficient procedures to test or sufficiently test controls over the completeness of a report used in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 46 For certain revenue at two other business units the firm selected for testing controls that addressed whether the performance obligation had been satisfied before revenue was recognized. The number of occurrences selected for testing did not provide sufficient appropriate audit evidence in light of either the assessed inherent risk associated with the account or the frequency of the operation of the control. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 For one of these two business units the firm did not perform any substantive procedures to test whether the performance obligation was satisfied before revenue was recognized for the first 10 months of the year. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of the revenue data that had been accumulated by the service organization from the various IT systems. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The firm did not perform procedures to test or identify and test controls over the accuracy and/or completeness of certain of these data that the firm used in its substantive testing of this revenue. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2201 39 During the year the issuer acquired a business. The firm selected for testing a control that included the issuer's review of the valuation of acquired intangible assets and related assumptions. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer recognized certain revenue based on customer activity that was tracked using the issuer's various IT systems and it used service organizations to process customer payments. The firm's approach for substantively testing certain of this revenue consisted primarily of performing a software-assisted analysis to test the relationships between revenue and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of the underlying data. The firm did not sufficiently test the accuracy of the underlying data because the firm did not perform any procedures to (1) test or test controls over certain internally generated information that it used and (2) test the issuer's complementary user controls that the service auditor's reports described as necessary to rely on this payment information. (AS 1105.10; AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized certain revenue based on customer activity that was tracked using the issuer's various IT systems and it used service organizations to process customer payments. The firm's approach for substantively testing certain of this revenue consisted primarily of performing a software-assisted analysis to test the relationships between revenue and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of the underlying data. The firm did not sufficiently test the accuracy of the underlying data because the firm did not perform any procedures to (1) test or test controls over certain internally generated information that it used and (2) test the issuer's complementary user controls that the service auditor's reports described as necessary to rely on this payment information. (AS 1105.10; AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized certain revenue based on customer activity that was tracked using the issuer's various IT systems and it used service organizations to process customer payments. The firm's approach for substantively testing certain of this revenue consisted primarily of performing a software-assisted analysis to test the relationships between revenue and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of the underlying data. The firm did not sufficiently test the accuracy of the underlying data because the firm did not perform any procedures to (1) test or test controls over certain internally generated information that it used and (2) test the issuer's complementary user controls that the service auditor's reports described as necessary to rely on this payment information. (AS 1105.10; AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 1 AS 1105 A8b During the year the issuer entered into a convertible debt agreement that included an embedded conversion option; the issuer accounted for this option as a derivative liability. The following deficiency was identified: · The issuer engaged a specialist to determine the fair value of this liability at issuance. The firm's approach for substantively testing the fair value of this liability at issuance was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption the company's specialist developed using a range of potential assumptions from comparable companies. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist's procedures were limited to determining that the assumption was among the higher end of the range of potential assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 1 AS 1201 C6 During the year the issuer entered into a convertible debt agreement that included an embedded conversion option; the issuer accounted for this option as a derivative liability. The following deficiency was identified: · The issuer engaged a specialist to determine the fair value of this liability at issuance. The firm's approach for substantively testing the fair value of this liability at issuance was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption the company's specialist developed using a range of potential assumptions from comparable companies. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist's procedures were limited to determining that the assumption was among the higher end of the range of potential assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 1 AS 1201 C7 During the year the issuer entered into a convertible debt agreement that included an embedded conversion option; the issuer accounted for this option as a derivative liability. The following deficiency was identified: · The issuer engaged a specialist to determine the fair value of this liability at issuance. The firm's approach for substantively testing the fair value of this liability at issuance was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption the company's specialist developed using a range of potential assumptions from comparable companies. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist's procedures were limited to determining that the assumption was among the higher end of the range of potential assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 2 AS 2810 30 During the year the issuer entered into a convertible debt agreement that included an embedded conversion option; the issuer accounted for this option as a derivative liability. The following deficiency was identified: · The firm did not identify and evaluate misstatements in the financial statements and required disclosures related to this derivative liability. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 2 AS 2810 31 During the year the issuer entered into a convertible debt agreement that included an embedded conversion option; the issuer accounted for this option as a derivative liability. The following deficiency was identified: · The firm did not identify and evaluate misstatements in the financial statements and required disclosures related to this derivative liability. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 39 The firm did not identify and test any controls that addressed the risk related to the issuer's compliance with transfer pricing regulations for intercompany transactions. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate the issuer's assessment of its compliance with transfer-pricing regulations for intercompany transactions. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Investments 1 AS 2301 8 The firm used an auditor-engaged specialist to assist it with evaluating the appropriateness of the issuer's categorization of investments within the fair value hierarchy set forth in FASB ASC Topic 820. The firm identified a difference between the categorization determined by the issuer and determined by the auditor-engaged specialist but did not perform any procedures to evaluate this difference. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics. The firm did not perform any procedures to evaluate whether any of the journal entries recorded in the last month of the year had these characteristics. (AS 2401.61 and .62) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 62 To identify and select journal entries for testing the firm identified fraud characteristics. The firm did not perform any procedures to evaluate whether any of the journal entries recorded in the last month of the year had these characteristics. (AS 2401.61 and .62) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 39 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets. The firm selected for testing a control that included the issuer's comparison of fair values determined by the company's specialist to fair values included in a separate valuation report received by the issuer. The firm did not identify and test any controls over the reasonableness of the fair values included in the separate valuation report used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 1201 C6 The firm used an auditor-employed specialist to assist it with testing the fair values of these acquired assets which were determined by the company's specialist. The auditor-employed specialist's approach consisted of developing independent expectations consisting of a range of the fair values for a selection of these assets. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the independent expectations of the fair values as a range encompassed only reasonable outcomes and were supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 1201 C7 The firm used an auditor-employed specialist to assist it with testing the fair values of these acquired assets which were determined by the company's specialist. The auditor-employed specialist's approach consisted of developing independent expectations consisting of a range of the fair values for a selection of these assets. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the independent expectations of the fair values as a range encompassed only reasonable outcomes and were supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2501 25 The firm used an auditor-employed specialist to assist it with testing the fair values of these acquired assets which were determined by the company's specialist. The auditor-employed specialist's approach consisted of developing independent expectations consisting of a range of the fair values for a selection of these assets. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the independent expectations of the fair values as a range encompassed only reasonable outcomes and were supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A Q No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer recorded revenue net of customer rebates and other deductions. The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of the reconciliation between net revenue and cash receipts. The firm did not evaluate the specific review procedures that the control owner performed to assess certain adjustments between net revenue and cash receipts. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A Q No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer recorded revenue net of customer rebates and other deductions. The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of the reconciliation between net revenue and cash receipts. The firm did not evaluate the specific review procedures that the control owner performed to assess certain adjustments between net revenue and cash receipts. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A Q No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The issuer recorded revenue net of customer rebates and other deductions. The following deficiency was identified: · The firm did not identify and test any controls over accrued rebates and other deductions. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2301 8 The firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. For certain items selected for testing the firm did not perform sufficient procedures to test the unit cost because it inspected supporting documentation for only a portion of the quantity of these items held at year end. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 10 The firm used information produced by the issuer in its substantive procedures to test the reserve for excess and obsolete inventory. The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of certain of this information. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2501 16 The issuer issued warrants that were recorded as liabilities. For certain of these warrants the following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of a significant assumption the issuer used to value these warrants at year end. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 2301 8 The issuer issued warrants that were recorded as liabilities. For certain of these warrants the following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these warrants within the fair value hierarchy as set forth in FASB ASC Topic 820. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm selected for testing the issuer's cycle-count control over inventory at certain locations. The firm did not test the aspect of this control that addressed whether all inventory items at these locations were counted during the period. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing the issuer's cycle-count control over inventory at certain locations. The firm did not test the aspect of this control that addressed whether all inventory items at these locations were counted during the period. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 39 The firm selected for testing the issuer's cycle-count control over inventory at certain locations. The firm did not identify and test any controls that addressed the completeness of certain reports used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A U No Financial statement audit only Audits with a single deficiency Long-Lived Assets Significant Risk 1 AS 1201 C6 The issuer evaluated certain long-lived assets for possible impairment using significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate one of these assumptions. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate a significant difference between this assumption and the issuer's recent experience. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for this assumption but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's recent experience. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A U No Financial statement audit only Audits with a single deficiency Long-Lived Assets Significant Risk 1 AS 1201 C7 The issuer evaluated certain long-lived assets for possible impairment using significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate one of these assumptions. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate a significant difference between this assumption and the issuer's recent experience. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for this assumption but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's recent experience. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A U No Financial statement audit only Audits with a single deficiency Long-Lived Assets Significant Risk 1 AS 2501 16 The issuer evaluated certain long-lived assets for possible impairment using significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate one of these assumptions. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate a significant difference between this assumption and the issuer's recent experience. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for this assumption but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's recent experience. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A V No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A W No Financial statement audit only Audits with a single deficiency Intangible Assets 1 AS 2301 8 The firm did not perform procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A X No Financial statement audit only Audits with a single deficiency Inventory 1 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy of certain information produced by the issuer that the firm used in its substantive testing of the reserve for excess and obsolete inventory. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A Y No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 For one type of revenue at one business unit the firm did not identify and test any controls over the accuracy of certain order information from the issuer's customer ordering system that the issuer used to record revenue. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue for the issuer's business units the firm selected for testing entity-level controls that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparisons of the business unit budgets and prior-period results to actual results. The firm did not evaluate the specific review procedures that the control owners performed to assess items identified for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue for the issuer's business units the firm selected for testing entity-level controls that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparisons of the business unit budgets and prior-period results to actual results. The firm did not evaluate the specific review procedures that the control owners performed to assess items identified for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue for the issuer's business units the firm selected for testing entity-level controls that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparisons of the business unit budgets and prior-period results to actual results. The firm did not evaluate the specific review procedures that the control owners performed to assess items identified for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue for the issuer's business units the firm selected for testing entity-level controls that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparisons of the business unit budgets and prior-period results to actual results. The firm did not evaluate the specific review procedures that the control owners performed to assess items identified for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2101 11 With respect to revenue and inventory for certain business units that were subject to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units in the current year and (2) whether the risks of material misstatement including the fraud risk related to this revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2101 11 With respect to revenue and inventory for certain business units that were subject to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units in the current year and (2) whether the risks of material misstatement including the fraud risk related to this revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2101 12 With respect to revenue and inventory for certain business units that were subject to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units in the current year and (2) whether the risks of material misstatement including the fraud risk related to this revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2101 12 With respect to revenue and inventory for certain business units that were subject to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units in the current year and (2) whether the risks of material misstatement including the fraud risk related to this revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 B10 With respect to revenue and inventory for certain business units that were subject to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units in the current year and (2) whether the risks of material misstatement including the fraud risk related to this revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 B10 With respect to revenue and inventory for certain business units that were subject to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units in the current year and (2) whether the risks of material misstatement including the fraud risk related to this revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 With respect to revenue and inventory for certain business units that were subject to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and inventory for these business units. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 With respect to revenue and inventory for certain business units that were subject to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and inventory for these business units. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 13 With respect to revenue and inventory for certain business units that were subject to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and inventory for these business units. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 With respect to revenue and inventory for certain business units that were subject to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and inventory for these business units. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 68 With respect to Revenue and Inventory at one of the issuer's business units: The firm identified a significant deficiency related to an information-technology (IT) system that the issuer used to record this revenue and inventory. The firm identified the entity-level controls discussed above as compensating controls that it believed would mitigate this significant deficiency but did not sufficiently test those controls. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 68 With respect to Revenue and Inventory at one of the issuer's business units: The firm identified a significant deficiency related to an information-technology (IT) system that the issuer used to record this revenue and inventory. The firm identified the entity-level controls discussed above as compensating controls that it believed would mitigate this significant deficiency but did not sufficiently test those controls. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 42 With respect to Inventory at one of the issuer's business units: The firm selected for testing a control that included the issuer's annual physical inventory count of this inventory. The following deficiencies were identified: · The firm did not test the aspects of this control that addressed whether an accurate and complete count had occurred. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 44 With respect to Inventory at one of the issuer's business units: The firm selected for testing a control that included the issuer's annual physical inventory count of this inventory. The following deficiencies were identified: · The firm did not test the aspects of this control that addressed whether an accurate and complete count had occurred. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 42 With respect to Inventory at one of the issuer's business units: The firm selected for testing a control that included the issuer's annual physical inventory count of this inventory. The following deficiencies were identified: · The firm did not evaluate whether the issuer had appropriately investigated and resolved differences between the physical counts and the quantities recorded in the issuer's inventory system. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 44 With respect to Inventory at one of the issuer's business units: The firm selected for testing a control that included the issuer's annual physical inventory count of this inventory. The following deficiencies were identified: · The firm did not evaluate whether the issuer had appropriately investigated and resolved differences between the physical counts and the quantities recorded in the issuer's inventory system. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 46 With respect to Inventory at one of the issuer's business units: The firm selected for testing a control that included the issuer's annual physical inventory count of this inventory. The following deficiencies were identified: · The firm did not evaluate whether the IT-dependent aspects of this control would be effective given the significant deficiency related to this IT system. (AS 2201.46) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2510 9 With respect to Inventory at one of the issuer's business units: The firm did not perform sufficient substantive procedures to test the existence of this inventory because the firm did not assess the effectiveness of the methods the issuer used to conduct its inventory counts. (AS 2510.09) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2201 42 With respect to Inventory at another of the issuer's business units: The issuer performed cycle counts of this inventory and the issuer's cycle-count policy required this inventory to be counted at specific frequencies during the year. The firm selected for testing a control that consisted of the issuer's cycle-count procedures including the issuer's reviews of cycle-count results. The firm did not test the aspects of this control that addressed whether inventory counts were performed in accordance with the issuer's designated count frequency in its cycle-count policy. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2201 44 With respect to Inventory at another of the issuer's business units: The issuer performed cycle counts of this inventory and the issuer's cycle-count policy required this inventory to be counted at specific frequencies during the year. The firm selected for testing a control that consisted of the issuer's cycle-count procedures including the issuer's reviews of cycle-count results. The firm did not test the aspects of this control that addressed whether inventory counts were performed in accordance with the issuer's designated count frequency in its cycle-count policy. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2201 42 With respect to Inventory at another of the issuer's business units: The issuer performed cycle counts of this inventory and the issuer's cycle-count policy required this inventory to be counted at specific frequencies during the year. The firm selected for testing a control that consisted of the issuer's cycle-count procedures including the issuer's reviews of cycle-count results. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the cycle-count results for this inventory were accurate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2201 44 With respect to Inventory at another of the issuer's business units: The issuer performed cycle counts of this inventory and the issuer's cycle-count policy required this inventory to be counted at specific frequencies during the year. The firm selected for testing a control that consisted of the issuer's cycle-count procedures including the issuer's reviews of cycle-count results. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the cycle-count results for this inventory were accurate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 1 AS 2201 42 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The firm selected for testing controls that consisted of the issuer's review of adjustments to revenue for inventory on hand with no alternative use including the review of the accuracy and completeness of the information used in the inventory adjustment analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The firm selected for testing controls that consisted of the issuer's review of adjustments to revenue for inventory on hand with no alternative use including the review of the accuracy and completeness of the information used in the inventory adjustment analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 1 AS 2201 44 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The firm selected for testing controls that consisted of the issuer's review of adjustments to revenue for inventory on hand with no alternative use including the review of the accuracy and completeness of the information used in the inventory adjustment analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The firm selected for testing controls that consisted of the issuer's review of adjustments to revenue for inventory on hand with no alternative use including the review of the accuracy and completeness of the information used in the inventory adjustment analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 2 AS 1105 10 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The firm did not perform any substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain information that the firm used in its testing of these revenue adjustments. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The firm did not perform any substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain information that the firm used in its testing of these revenue adjustments. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 3 AS 2301 16 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 16 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 3 AS 2301 18 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 18 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 3 AS 2301 37 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 37 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 3 AS 2301 42 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 42 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 3 AS 2315 19 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 19 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 3 AS 2315 23 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23 The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 3 AS 2315 23A The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23A The issuer recognized certain revenue (1) at a point in time from contracts based on the date when the delivery of products occurred and (2) over time from contracts in which it had an enforceable right to payment for inventory that did not have an alternative use based on the receipt of products into inventory. With respect to product revenue recognized over time for three of the issuer's business units: · The sample sizes the firm used in its substantive procedures to test these revenue adjustments were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above and (2) in determining the samples sizes the firm used a level of inherent risk that was lower than what it had assessed. (AS 2301.16 .18 .37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 4 AS 2201 42 With respect to product revenue for two of these business units: · The firm selected for testing a control that consisted of the issuer's review of the accuracy and completeness of revenue data but did not test the aspect of this control that addressed the accuracy of these data. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 42 With respect to product revenue for two of these business units: · The firm selected for testing a control that consisted of the issuer's review of the accuracy and completeness of revenue data but did not test the aspect of this control that addressed the accuracy of these data. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 4 AS 2201 44 With respect to product revenue for two of these business units: · The firm selected for testing a control that consisted of the issuer's review of the accuracy and completeness of revenue data but did not test the aspect of this control that addressed the accuracy of these data. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 44 With respect to product revenue for two of these business units: · The firm selected for testing a control that consisted of the issuer's review of the accuracy and completeness of revenue data but did not test the aspect of this control that addressed the accuracy of these data. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 5 AS 2201 42 With respect to product revenue for two of these business units: · The firm's testing of an automated control over the generation of customer invoices was not sufficient because the firm did not test the configuration or programming of this control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that this control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 With respect to product revenue for two of these business units: · The firm's testing of an automated control over the generation of customer invoices was not sufficient because the firm did not test the configuration or programming of this control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that this control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 5 AS 2201 44 With respect to product revenue for two of these business units: · The firm's testing of an automated control over the generation of customer invoices was not sufficient because the firm did not test the configuration or programming of this control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that this control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 With respect to product revenue for two of these business units: · The firm's testing of an automated control over the generation of customer invoices was not sufficient because the firm did not test the configuration or programming of this control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that this control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 6 AS 2201 39 With respect to product revenue for the third business unit: · The firm did not identify and test any controls over the accuracy of the prices and quantities that the issuer used to record revenue. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 39 With respect to product revenue for the third business unit: · The firm did not identify and test any controls over the accuracy of the prices and quantities that the issuer used to record revenue. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 7 AS 2301 16 With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2301 16 With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 7 AS 2301 18 With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2301 18 With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 7 AS 2301 37 With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2301 37 With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 7 AS 2315 19 With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2315 19 With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 7 AS 2315 23 With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2315 23 With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Contract Assets Fraud Risk 7 AS 2315 23A With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2315 23A With respect to product revenue for the third business unit: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 8 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of financial information by segment. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the allocation of the financial information for one of the issuer's business units among certain reportable segments was accurate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 8 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of financial information by segment. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the allocation of the financial information for one of the issuer's business units among certain reportable segments was accurate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 9 AS 1105 10 The firm used the issuer's financial information by reportable segment in its substantive testing of the issuer's segment disclosure but did not perform any procedures to test or sufficiently test controls over the accuracy of the issuer's allocation of the financial information for one of its business units among certain reportable segments. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 16 The issuer recognized revenue from certain contracts over time using an input method based on labor hours incurred. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the estimated labor hours to complete contracts that the firm selected for testing beyond inquiring of project managers. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized revenue from certain contracts over time using an input method based on labor hours incurred. The following deficiencies were identified: · For certain of this revenue the firm did not perform any substantive procedures to test whether the issuer satisfied its performance obligations before recognizing revenue. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized revenue from certain contracts over time using an input method based on labor hours incurred. The following deficiencies were identified: · For certain of this revenue the firm did not perform any substantive procedures to test whether the issuer satisfied its performance obligations before recognizing revenue. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 34 The issuer recognized revenue from certain contracts over time using an input method based on labor hours incurred. The following deficiencies were identified: · The firm identified a misstatement in its testing of this revenue and the issuer concluded that this misstatement represented a control deficiency. The firm did not evaluate the severity of the deficiency and the effect on its control risk assessment. (AS 2301.34) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 The issuer recognized revenue from certain contracts over time using an input method based on labor hours incurred. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's evaluation of the control deficiency discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 18 The issuer recognized revenue from certain contracts over time using an input method based on labor hours incurred. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's evaluation of the control deficiency discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 37 The issuer recognized revenue from certain contracts over time using an input method based on labor hours incurred. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's evaluation of the control deficiency discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 The issuer recognized revenue from certain contracts over time using an input method based on labor hours incurred. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's evaluation of the control deficiency discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 The issuer recognized revenue from certain contracts over time using an input method based on labor hours incurred. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's evaluation of the control deficiency discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A The issuer recognized revenue from certain contracts over time using an input method based on labor hours incurred. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's evaluation of the control deficiency discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 1105 10 The firm used an issuer-prepared schedule in its substantive testing of one of the issuer's revenue disclosures but did not perform any procedures to test or test any controls over the accuracy of this schedule. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2501 16 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using various assumptions. The firm's approach for substantively testing the fair value of these acquired intangible assets was to develop an independent expectation of the estimate. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the issuer that the firm also used to develop its independent expectation because its procedures were limited to inquiring of management. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 1105 4 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using various assumptions. The firm's approach for substantively testing the fair value of these acquired intangible assets was to develop an independent expectation of the estimate. The following deficiencies were identified: · The firm did not evaluate the relevance of certain external data that it used to develop its independent expectation. (AS 1105.04 and .06) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 1105 6 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using various assumptions. The firm's approach for substantively testing the fair value of these acquired intangible assets was to develop an independent expectation of the estimate. The following deficiencies were identified: · The firm did not evaluate the relevance of certain external data that it used to develop its independent expectation. (AS 1105.04 and .06) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of its evaluation of its ability to continue as a going concern. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of management's plans including forecasted cash flows. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of its evaluation of its ability to continue as a going concern. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of management's plans including forecasted cash flows. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 2 AS 1105 4 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information beyond inquiring of management and comparing certain of this information to market data. (AS 1105.04 and .06; AS 2415.03 08 and .09) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 2 AS 1105 6 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information beyond inquiring of management and comparing certain of this information to market data. (AS 1105.04 and .06; AS 2415.03 08 and .09) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 2 AS 2415 3 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information beyond inquiring of management and comparing certain of this information to market data. (AS 1105.04 and .06; AS 2415.03 08 and .09) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 2 AS 2415 8 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information beyond inquiring of management and comparing certain of this information to market data. (AS 1105.04 and .06; AS 2415.03 08 and .09) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern Significant Risk 2 AS 2415 9 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information beyond inquiring of management and comparing certain of this information to market data. (AS 1105.04 and .06; AS 2415.03 08 and .09) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Leases Significant Risk 3 AS 2201 62 The firm tested controls that included the issuer's review of forecasts used in its analysis of possible impairment of its operating lease right-of-use assets and determined that they were ineffective because an aspect of these controls was not operating effectively. The firm concluded that this deficiency represented a significant deficiency primarily based on its conclusion that the remaining aspect of these controls was operating effectively. The firm did not sufficiently evaluate whether this deficiency represented a material weakness because in its testing of this remaining aspect the firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain revenue forecasts that the issuer used in its analysis. (AS 2201.62) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 1 AS 2201 42 The issuer initiated and processed transactions related to revenue accounts receivable and inventory at several business units. The firm selected for testing an entity-level control that consisted of the issuer's review of quarterly financial information including revenue accounts receivable and inventory. The firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer initiated and processed transactions related to revenue accounts receivable and inventory at several business units. The firm selected for testing an entity-level control that consisted of the issuer's review of quarterly financial information including revenue accounts receivable and inventory. The firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer initiated and processed transactions related to revenue accounts receivable and inventory at several business units. The firm selected for testing an entity-level control that consisted of the issuer's review of quarterly financial information including revenue accounts receivable and inventory. The firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 1 AS 2201 44 The issuer initiated and processed transactions related to revenue accounts receivable and inventory at several business units. The firm selected for testing an entity-level control that consisted of the issuer's review of quarterly financial information including revenue accounts receivable and inventory. The firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer initiated and processed transactions related to revenue accounts receivable and inventory at several business units. The firm selected for testing an entity-level control that consisted of the issuer's review of quarterly financial information including revenue accounts receivable and inventory. The firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer initiated and processed transactions related to revenue accounts receivable and inventory at several business units. The firm selected for testing an entity-level control that consisted of the issuer's review of quarterly financial information including revenue accounts receivable and inventory. The firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 2 AS 2201 42 The issuer initiated and processed transactions related to revenue accounts receivable and inventory at several business units. The firm selected for testing an entity-level control that consisted of the issuer's review of quarterly financial information including revenue accounts receivable and inventory. The firm did not identify that this entity-level control was not designed to address an identified fraud risk. (AS 2201.42) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer initiated and processed transactions related to revenue accounts receivable and inventory at several business units. The firm selected for testing an entity-level control that consisted of the issuer's review of quarterly financial information including revenue accounts receivable and inventory. The firm did not identify that this entity-level control was not designed to address an identified fraud risk. (AS 2201.42) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The issuer initiated and processed transactions related to revenue accounts receivable and inventory at several business units. The firm selected for testing an entity-level control that consisted of the issuer's review of quarterly financial information including revenue accounts receivable and inventory. The firm did not identify that this entity-level control was not designed to address an identified fraud risk. (AS 2201.42) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 3 AS 2301 16 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 16 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 3 AS 2301 18 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 18 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 3 AS 2301 37 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 37 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 3 AS 2315 19 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 19 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 3 AS 2315 23 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 3 AS 2315 23A The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23A The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at certain of the issuer's business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 The firm used an issuer-prepared schedule in its substantive testing of certain of the issuer's revenue disclosures but did not perform any procedures to test or test any controls over the accuracy of this schedule. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 8 The firm did not perform any substantive procedures to test inventory at certain of the issuer's business units. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 6 AS 2310 28 To test accounts receivable at one of the issuer's business units the firm performed confirmation procedures for a sample of customer accounts. The firm did not maintain control over the confirmation requests sent to customers. (AS 2310.28) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 7 AS 2310 29 To test accounts receivable at one of the issuer's business units the firm performed confirmation procedures for a sample of customer accounts. The firm did not consider performing procedures to verify the source of responses that were returned by email. (AS 2310.29) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. The firm selected for testing two entity-level controls that consisted of the issuer's review of financial information including revenue and inventory. For one of these controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. The firm selected for testing two entity-level controls that consisted of the issuer's review of financial information including revenue and inventory. For one of these controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. The firm selected for testing two entity-level controls that consisted of the issuer's review of financial information including revenue and inventory. For one of these controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. The firm selected for testing two entity-level controls that consisted of the issuer's review of financial information including revenue and inventory. For one of these controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. The firm selected for testing two entity-level controls that consisted of the issuer's review of financial information including revenue and inventory. For the other control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. The firm selected for testing two entity-level controls that consisted of the issuer's review of financial information including revenue and inventory. For the other control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. The firm selected for testing two entity-level controls that consisted of the issuer's review of financial information including revenue and inventory. For the other control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. The firm selected for testing two entity-level controls that consisted of the issuer's review of financial information including revenue and inventory. For the other control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 With respect to certain business units that were subject to less extensive audit procedures the firm did not perform any substantive procedures to test revenue and inventory for these business units. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 With respect to certain business units that were subject to less extensive audit procedures the firm did not perform any substantive procedures to test revenue and inventory for these business units. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 8 With respect to inventory at certain business units that were subject to more extensive audit procedures the firm did not perform any substantive procedures to test the existence of this inventory. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an information-technology (IT) system to process and record transactions related to revenue at one segment. In its testing of controls over this revenue the firm tested an IT-dependent manual control that used data and reports generated or maintained by this system. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) discussed below the firm's testing of this IT-dependent manual control was not sufficient. (AS 2201.46) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer identified segregation of duties conflicts related to individuals who had the ability to both develop and implement changes to this system and implemented controls to monitor these conflicts. The firm identified and tested these controls but did not identify that the individuals that the issuer identified as having the segregation of duties conflicts also had administrative access to the tool that the control owners used to monitor the conflicts. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer identified segregation of duties conflicts related to individuals who had the ability to both develop and implement changes to this system and implemented controls to monitor these conflicts. The firm identified and tested these controls but did not identify that the individuals that the issuer identified as having the segregation of duties conflicts also had administrative access to the tool that the control owners used to monitor the conflicts. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer identified segregation of duties conflicts related to individuals who had the ability to both develop and implement changes to this system and implemented controls to monitor these conflicts. The firm did not identify and test any controls over the accuracy and completeness of the reports generated by the tool that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's long-lived assets and operating lease right-of-use assets for possible impairment at year end beyond reading an issuer-prepared checklist and inquiring of management. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's long-lived assets and operating lease right-of-use assets for possible impairment at year end beyond reading an issuer-prepared checklist and inquiring of management. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Accounts Receivable Significant Risk 1 AS 2301 8 The firm did not evaluate certain evidence that indicated that the accounts receivable from one of the issuer's customers may not be fully collectible. (AS 2301.08 and. 11; AS 2810.03) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Accounts Receivable Significant Risk 1 AS 2301 11 The firm did not evaluate certain evidence that indicated that the accounts receivable from one of the issuer's customers may not be fully collectible. (AS 2301.08 and. 11; AS 2810.03) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Accounts Receivable Significant Risk 1 AS 2810 3 The firm did not evaluate certain evidence that indicated that the accounts receivable from one of the issuer's customers may not be fully collectible. (AS 2301.08 and. 11; AS 2810.03) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A J No ICFR audit only Audits with a single deficiency Inventory 1 AS 2201 39 Certain of the issuer's inventory was subject to cycle counts and the issuer's cycle-count program required this inventory to be counted at specific frequencies during the year. The firm did not identify and test any controls that addressed whether each inventory item was counted with sufficient frequency in accordance with the issuer's cycle-count program. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A K No Financial statement audit only Audits with a single deficiency Intangible Assets 1 AS 2301 8 During the year the issuer identified events indicating that the carrying value of its finite-lived intangible assets may not be recoverable and performed impairment analyses as of various interim dates and at year end. Starting in the second quarter the issuer determined that its impairment analysis should be performed using a single asset group. The firm did not perform any procedures beyond reading an issuer-prepared memorandum to evaluate whether the issuer's change to a single asset group was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A L No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 270 Interim Reporting related to the aggregate effect of a year-end adjustment that the issuer recorded in the fourth quarter. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A L No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 270 Interim Reporting related to the aggregate effect of a year-end adjustment that the issuer recorded in the fourth quarter. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 2415 3 The firm did not evaluate certain evidence related to conditions and events that existed at or had occurred prior to the issuance of the financial statements that indicated that the issuer may not have the ability to continue as a going concern including the issuer's disclosure that substantial doubt had been raised. (AS 2415.03; AS 2810.03) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 2810 3 The firm did not evaluate certain evidence related to conditions and events that existed at or had occurred prior to the issuance of the financial statements that indicated that the issuer may not have the ability to continue as a going concern including the issuer's disclosure that substantial doubt had been raised. (AS 2415.03; AS 2810.03) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A N No Financial statement audit only Audits with a single deficiency Equity 1 AS 2810 30 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The firm did not identify and evaluate the issuer's omission of required disclosures under FASB ASC Topic 718 Compensation-Stock Compensation related to the employee's requisite service period for certain of the issuer's stock-based compensation plans and the issuer's policy for recognizing forfeitures. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A N No Financial statement audit only Audits with a single deficiency Equity 1 AS 2810 31 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The firm did not identify and evaluate the issuer's omission of required disclosures under FASB ASC Topic 718 Compensation-Stock Compensation related to the employee's requisite service period for certain of the issuer's stock-based compensation plans and the issuer's policy for recognizing forfeitures. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Statement of Cash Flows 1 AS 2810 17 The firm identified that the issuer's net presentation of proceeds from borrowings and the repayments of certain debt was not in conformity with FASB ASC Topic 230 Statement of Cash Flows. The firm did not sufficiently evaluate the effect of this presentation because its assessment was limited to concluding that this presentation would not have a material effect on the financial statements without performing a quantitative analysis of the gross presentation. (AS 2810.17 .30 and .31) Unrelated to our review the issuer reevaluated this presentation and determined that it should be corrected. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this presentation in a subsequent filing. Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Statement of Cash Flows 1 AS 2810 30 The firm identified that the issuer's net presentation of proceeds from borrowings and the repayments of certain debt was not in conformity with FASB ASC Topic 230 Statement of Cash Flows. The firm did not sufficiently evaluate the effect of this presentation because its assessment was limited to concluding that this presentation would not have a material effect on the financial statements without performing a quantitative analysis of the gross presentation. (AS 2810.17 .30 and .31) Unrelated to our review the issuer reevaluated this presentation and determined that it should be corrected. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this presentation in a subsequent filing. Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Statement of Cash Flows 1 AS 2810 31 The firm identified that the issuer's net presentation of proceeds from borrowings and the repayments of certain debt was not in conformity with FASB ASC Topic 230 Statement of Cash Flows. The firm did not sufficiently evaluate the effect of this presentation because its assessment was limited to concluding that this presentation would not have a material effect on the financial statements without performing a quantitative analysis of the gross presentation. (AS 2810.17 .30 and .31) Unrelated to our review the issuer reevaluated this presentation and determined that it should be corrected. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this presentation in a subsequent filing. Triennially Inspected 444 Assure CPA, LLC 2023 United States 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mineral Reserves Significant Risk 1 AS 1105 A8a The issuer employed specialists to develop the estimated quantity of mineral reserves. The following deficiency wase identified: •The firm did not test the accuracy and completeness of certain issuer-produced data used by the company's specialists. (AS 1105.A8a) Triennially Inspected 444 Assure CPA, LLC 2023 United States 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mineral Reserves Significant Risk 2 AS 1105 A8a The issuer employed specialists to develop the estimated quantity of mineral reserves. The following deficiency wase identified: •The firm did not evaluate the relevance and reliability of certain data from external sources used by the company's specialists. (AS 1105.A8a) Triennially Inspected 444 Assure CPA, LLC 2023 United States 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mineral Reserves Significant Risk 3 AS 1105 A8b The issuer employed specialists to develop the estimated quantity of mineral reserves. The following deficiency wase identified: •The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists or the issuer. (AS 1105.A8b; AS 2501.16) Triennially Inspected 444 Assure CPA, LLC 2023 United States 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mineral Reserves Significant Risk 3 AS 2501 16 The issuer employed specialists to develop the estimated quantity of mineral reserves. The following deficiency wase identified: •The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists or the issuer. (AS 1105.A8b; AS 2501.16) Triennially Inspected 444 Assure CPA, LLC 2023 United States 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mineral Reserves Significant Risk 4 AS 1105 A8c The issuer employed specialists to develop the estimated quantity of mineral reserves. The following deficiency wase identified: • The firm did not perform procedures to evaluate whether the methods used by the company's specialists were appropriate under the circumstances. (AS 1105.A8c) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investments 1 AS 2201 39 The firm did not identify and test controls over the existence of investments. (AS 2201.39) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Capital Share Transactions 2 AS 2201 39 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • This service organization used a sub-service organization to provide an accounting system that calculated gains and losses. The controls for the sub-service organization were not addressed in the service auditor's report. The firm did not perform procedures to obtain an understanding of or test any relevant controls at the sub-service organization. (AS 2201.39 and .B19) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investments 2 AS 2201 39 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • This service organization used a sub-service organization to provide an accounting system that calculated gains and losses. The controls for the sub-service organization were not addressed in the service auditor's report. The firm did not perform procedures to obtain an understanding of or test any relevant controls at the sub-service organization. (AS 2201.39 and .B19) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Capital Share Transactions 2 AS 2201 B19 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • This service organization used a sub-service organization to provide an accounting system that calculated gains and losses. The controls for the sub-service organization were not addressed in the service auditor's report. The firm did not perform procedures to obtain an understanding of or test any relevant controls at the sub-service organization. (AS 2201.39 and .B19) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investments 2 AS 2201 B19 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • This service organization used a sub-service organization to provide an accounting system that calculated gains and losses. The controls for the sub-service organization were not addressed in the service auditor's report. The firm did not perform procedures to obtain an understanding of or test any relevant controls at the sub-service organization. (AS 2201.39 and .B19) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Capital Share Transactions 3 AS 2201 42 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs). For the identified CUECs the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investments 3 AS 2201 42 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs). For the identified CUECs the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Capital Share Transactions 3 AS 2201 44 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs). For the identified CUECs the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investments 3 AS 2201 44 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs). For the identified CUECs the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Capital Share Transactions 3 AS 2201 B22 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs). For the identified CUECs the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investments 3 AS 2201 B22 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs). For the identified CUECs the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Capital Share Transactions 4 AS 2201 39 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • The firm did not identify and test any CUECs over the accuracy and completeness of certain data that the service auditor's report described as being necessary. (AS 2201.39) Triennially Inspected 445 Tait, Weller & Baker, LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investments 4 AS 2201 39 The issuer used a service organization to process and record transactions related to investments and capital share transactions. The following deficiency was identified: • The firm did not identify and test any CUECs over the accuracy and completeness of certain data that the service auditor's report described as being necessary. (AS 2201.39) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of certain data. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44). Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of certain data. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44). Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate Significant Risk 2 AS 2201 39 The firm did not identify and test any controls over certain data that was not subject to this control. (AS 2201.39) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 3 AS 2201 39 The firm did not identify and test any relevant controls that addressed the risks of material misstatement related to a significant account. (AS 2201.39) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 4 AS 2305 16 The firm performed substantive analytical procedures to test this significant account. The following deficiency was identified: • The firm used certain system-generated data to develop its expectations but did not perform any procedures to test or identify and test any controls over the accuracy and completeness of this data. (AS 2305.16) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 5 AS 2301 16 The firm performed substantive analytical procedures to test this significant account. The following deficiency was identified: • The firm performed these analytical procedures using established thresholds for investigating differences based on a level of control reliance that was not supported. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 5 AS 2301 18 The firm performed substantive analytical procedures to test this significant account. The following deficiency was identified: • The firm performed these analytical procedures using established thresholds for investigating differences based on a level of control reliance that was not supported. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 5 AS 2301 37 The firm performed substantive analytical procedures to test this significant account. The following deficiency was identified: • The firm performed these analytical procedures using established thresholds for investigating differences based on a level of control reliance that was not supported. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 5 AS 2305 20 The firm performed substantive analytical procedures to test this significant account. The following deficiency was identified: • The firm performed these analytical procedures using established thresholds for investigating differences based on a level of control reliance that was not supported. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of certain data used in the determination of certain revenue. (AS 2201.39) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm also used this data to substantively test this revenue. The firm did not perform any procedures to test or (as discussed above) identify and test any controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not perform any procedures to test the accuracy of certain revenue disclosures in the issuer's financial statements. (AS 2301.08) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Certain Liabilities 1 AS 1105 A8b The issuer engaged a specialist to determine the fair value of certain liabilities using an assumption developed by the specialist. The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumption developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 726 Whitley Penn LLP 2023 United States 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Certain Liabilities 1 AS 2501 16B The issuer engaged a specialist to determine the fair value of certain liabilities using an assumption developed by the specialist. The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumption developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 1104 Deloitte Touche Tohmatsu 2023 Hong Kong Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 1 AS 2201 39 The issuer derives revenue through consolidated VIEs including their subsidiaries and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The following deficiency was identified: • The firm did not identify and test any controls over the issuer's review of the legal opinion prepared by the company's specialist which described uncertainties regarding the interpretation and application of current laws and regulations related to the structure of the VIEs and evaluation of the effect of such uncertainties on its ability to consolidate the VIEs. (AS 2201.39) Triennially Inspected 1104 Deloitte Touche Tohmatsu 2023 Hong Kong Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 2301 8 The issuer derives revenue through consolidated VIEs including their subsidiaries and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The following deficiency was identified: • The firm did not perform substantive procedures to evaluate the nature of the uncertainties described in the legal opinion prepared by the company's specialist and perform procedures to address the risks associated with those uncertainties. (AS 2301.08) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 39 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: • The firm did not identify and test any controls over the satisfaction of a performance obligation which determined the point in time in which the related revenue should be recognized. (AS 2201.39) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 39 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The firm selected for testing a control that consisted of the issuer's review and approval of certain revenue-related transactions. The firm did not identify and test any controls over the accuracy and completeness of certain system-generated data used in the operation of the control. (AS 2201.39) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2201 42 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2201 44 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2201 46 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The firm selected for testing controls over certain revenue and related accounts that consisted of the configuration of certain IT systems to automatically (1) update the order status (2) calculate and allocate revenue and (3) update order payment information. The firm used a “test of one” approach to test these controls but did not perform procedures beyond inquiry to evaluate whether the tested configurations were applied consistently across each processing alternative to support the use of such an approach. (AS 2201.46) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2201 42 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The firm selected for testing a control that consisted of the issuer's review of the revenue recognition system logic. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2201 44 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The firm selected for testing a control that consisted of the issuer's review of the revenue recognition system logic. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2201 42 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The firm selected for testing a control that consisted of the issuer's review and approval of a revenue-related calculation. As a result of the deficiencies in the firm's testing of certain controls discussed above the firm did not perform sufficient procedures to test the accuracy and completeness of certain information used in the operation of this control. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2201 44 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The firm selected for testing a control that consisted of the issuer's review and approval of a revenue-related calculation. As a result of the deficiencies in the firm's testing of certain controls discussed above the firm did not perform sufficient procedures to test the accuracy and completeness of certain information used in the operation of this control. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 1105 10 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The firm did not perform procedures to test or test any controls over the completeness and/or accuracy of certain system-generated data used in its substantive testing of revenue and related accounts. (AS 1105.10) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 8 AS 2301 16 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 8 AS 2301 18 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2301 37 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2315 19 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2315 23 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2315 23A The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts and recognized revenue as the respective performance obligations were satisfied. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 9 AS 2201 39 The issuer derives revenue through a consolidated variable interest entity and its subsidiaries (“VIE”) and relies on contractual arrangements with the VIE and its shareholders to control the business operations of the consolidated VIE. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIE including the validity and enforceability of contractual arrangements with the VIE and its shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: • The firm did not identify and test any controls over the issuer's review of the legal opinion prepared by the company's specialist which described uncertainties regarding the interpretation and application of current laws and regulations related to the structure of the VIE and evaluation of the effect of such uncertainties on its ability to consolidate the VIE. (AS 2201.39) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 10 AS 1105 A10 The issuer derives revenue through a consolidated variable interest entity and its subsidiaries (“VIE”) and relies on contractual arrangements with the VIE and its shareholders to control the business operations of the consolidated VIE. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIE including the validity and enforceability of contractual arrangements with the VIE and its shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: • The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIE because it did not (1) evaluate the nature of the uncertainties described in the legal opinion prepared by the company's specialist (2) evaluate the effect of a restriction included in the legal opinion prepared by the company's specialist on the use of the opinion and (3) perform additional procedures to address the risks associated with those uncertainties and the effect of the restriction. (AS 1105.A9 and .A10) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 10 AS 1105 A9 The issuer derives revenue through a consolidated variable interest entity and its subsidiaries (“VIE”) and relies on contractual arrangements with the VIE and its shareholders to control the business operations of the consolidated VIE. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIE including the validity and enforceability of contractual arrangements with the VIE and its shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: • The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIE because it did not (1) evaluate the nature of the uncertainties described in the legal opinion prepared by the company's specialist (2) evaluate the effect of a restriction included in the legal opinion prepared by the company's specialist on the use of the opinion and (3) perform additional procedures to address the risks associated with those uncertainties and the effect of the restriction. (AS 1105.A9 and .A10) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Short-term Investments 11 AS 2201 42 The firm selected for testing a control over short-term investments that consisted of the issuer's review of the fair value calculation of the investments including the expected rate of return. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Short-term Investments 11 AS 2201 44 The firm selected for testing a control over short-term investments that consisted of the issuer's review of the fair value calculation of the investments including the expected rate of return. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used multiple IT systems to initiate process and report transactions related to certain revenue and related accounts and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 46 The issuer used multiple IT systems to initiate process and report transactions related to certain revenue and related accounts and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 1105 10 With respect to change management: • The firm selected for testing change management controls that consisted of management's review and approval of requests for access including privileged-level access to application data files and databases. The firm did not however identify and test any controls over the appropriateness of changes made directly to the financial data within such application data files and databases. (AS 2201.39) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 39 With respect to change management: • The firm selected for testing change management controls that consisted of management's review and approval of requests for access including privileged-level access to application data files and databases. The firm did not however identify and test any controls over the appropriateness of changes made directly to the financial data within such application data files and databases. (AS 2201.39) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 1105 10 With respect to change management: • The firm selected for testing another change management control that consisted of the testing and approval of changes made to the structure of databases and relationships between data prior to their migration into the production environment. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections to test this control. (AS 1105.10) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2201 39 With respect to change management: • The firm selected for testing another change management control that consisted of the testing and approval of changes made to the structure of databases and relationships between data prior to their migration into the production environment. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections to test this control. (AS 1105.10) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 16 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2301 16 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 18 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2301 18 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 37 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2301 37 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 19 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2315 19 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2315 23 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23A As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2315 23A As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 1105 10 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The firm used certain system-generated data to substantively test revenue and related accounts and inventory but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 1105 10 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The firm used certain system-generated data to substantively test revenue and related accounts and inventory but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2305 16 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The firm performed substantive analytical procedures as part of its testing of certain revenue. The firm used certain system-generated data to develop its expectations but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 2305.16) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2305 16 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: • The firm performed substantive analytical procedures as part of its testing of certain revenue. The firm used certain system-generated data to develop its expectations but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 2305.16) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 42 The issuer used an IT system to initiate process and record certain inventory and inventory-related transactions and deployed a separate instance of the system at a majority of its warehouses. Changes to this system were first deployed to some warehouses for purposes of pilot testing after which the changes were deployed to the remaining warehouses. The following deficiency was identified: • The firm selected for testing controls over inventory that consisted of the configuration of the IT system to automatically (1) calculate daily inventory cycle count tasks and (2) verify inventory receipts and shipments. The firm did not test the design and operating effectiveness of these controls in instances of the legacy (or unmodified) version of the IT system or perform procedures beyond inquiry to evaluate whether the tested configurations were consistently designed and applied in all instances across the system. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 44 The issuer used an IT system to initiate process and record certain inventory and inventory-related transactions and deployed a separate instance of the system at a majority of its warehouses. Changes to this system were first deployed to some warehouses for purposes of pilot testing after which the changes were deployed to the remaining warehouses. The following deficiency was identified: • The firm selected for testing controls over inventory that consisted of the configuration of the IT system to automatically (1) calculate daily inventory cycle count tasks and (2) verify inventory receipts and shipments. The firm did not test the design and operating effectiveness of these controls in instances of the legacy (or unmodified) version of the IT system or perform procedures beyond inquiry to evaluate whether the tested configurations were consistently designed and applied in all instances across the system. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2201 46 The issuer used an IT system to initiate process and record certain inventory and inventory-related transactions and deployed a separate instance of the system at a majority of its warehouses. Changes to this system were first deployed to some warehouses for purposes of pilot testing after which the changes were deployed to the remaining warehouses. The following deficiency was identified: • The firm selected for testing an IT-dependent manual control over inventory that consisted of the performance of periodic cycle counts which used information generated by one of the automated controls discussed above. The accuracy and completeness of this information depended on the effective operation of this automated control. As a result of the deficiency in the firm's testing of this automated control as discussed above the firm's testing of this IT- dependent manual control was not sufficient. (AS 2201.46) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2510 11 The issuer used an IT system to initiate process and record certain inventory and inventory-related transactions and deployed a separate instance of the system at a majority of its warehouses. Changes to this system were first deployed to some warehouses for purposes of pilot testing after which the changes were deployed to the remaining warehouses. The following deficiency was identified: • The firm did not obtain sufficient appropriate audit evidence with regard to the issuer's inventory cycle-count procedures over certain inventory. Specifically as a result of the deficiencies in the firm's testing of the automated and IT-dependent manual controls as discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle- count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items during the year. (AS 2510.11) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 10 AS 2201 39 The issuer derives revenue through consolidated VIEs including their subsidiaries and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiencies were identified: • The firm did not identify and test any controls over the issuer's review of the legal opinion prepared by the company's specialist which described uncertainties regarding the interpretation and application of current laws and regulations related to the structure of the VIEs and evaluation of the effect of such uncertainties on its ability to consolidate the VIEs. (AS 2201.39) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 11 AS 1105 A10 The issuer derives revenue through consolidated VIEs including their subsidiaries and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiencies were identified: • The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not evaluate the nature of the uncertainties described in the legal opinion prepared by the company's specialist and perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 11 AS 1105 A9 The issuer derives revenue through consolidated VIEs including their subsidiaries and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiencies were identified: • The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not evaluate the nature of the uncertainties described in the legal opinion prepared by the company's specialist and perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A C No ICFR audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing a control over certain revenue that consisted of the issuer's review of an accounting analysis to ensure that revenue was appropriately recognized. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1113 Deloitte Touche Tohmatsu Certified Public Accountants LLP 2023 China Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A C No ICFR audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing a control over certain revenue that consisted of the issuer's review of an accounting analysis to ensure that revenue was appropriately recognized. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived assets 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to long-lived assets and revenue including two instances of its enterprise resource planning (“ERP”) system. In its testing of controls over long-lived assets and revenue the firm tested various automated controls over long-lived assets and IT-dependent manual controls over revenue that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to long-lived assets and revenue including two instances of its enterprise resource planning (“ERP”) system. In its testing of controls over long-lived assets and revenue the firm tested various automated controls over long-lived assets and IT-dependent manual controls over revenue that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived assets 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to long-lived assets and revenue including two instances of its enterprise resource planning (“ERP”) system. In its testing of controls over long-lived assets and revenue the firm tested various automated controls over long-lived assets and IT-dependent manual controls over revenue that used data and reports generated or maintained by certain of these IT systems. • With respect to change management the firm selected for testing a control that consisted of the issuer's testing and approval of application changes before their migration into the production environment. The firm did not test the design and operating effectiveness of this control over one of the instances of the issuer's ERP system. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to long-lived assets and revenue including two instances of its enterprise resource planning (“ERP”) system. In its testing of controls over long-lived assets and revenue the firm tested various automated controls over long-lived assets and IT-dependent manual controls over revenue that used data and reports generated or maintained by certain of these IT systems. • With respect to change management the firm selected for testing a control that consisted of the issuer's testing and approval of application changes before their migration into the production environment. The firm did not test the design and operating effectiveness of this control over one of the instances of the issuer's ERP system. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived assets 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to long-lived assets and revenue including two instances of its enterprise resource planning (“ERP”) system. In its testing of controls over long-lived assets and revenue the firm tested various automated controls over long-lived assets and IT-dependent manual controls over revenue that used data and reports generated or maintained by certain of these IT systems. • With respect to change management the firm selected for testing a control that consisted of the issuer's testing and approval of application changes before their migration into the production environment. The firm did not test the design and operating effectiveness of this control over one of the instances of the issuer's ERP system. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to long-lived assets and revenue including two instances of its enterprise resource planning (“ERP”) system. In its testing of controls over long-lived assets and revenue the firm tested various automated controls over long-lived assets and IT-dependent manual controls over revenue that used data and reports generated or maintained by certain of these IT systems. • With respect to change management the firm selected for testing a control that consisted of the issuer's testing and approval of application changes before their migration into the production environment. The firm did not test the design and operating effectiveness of this control over one of the instances of the issuer's ERP system. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived assets 3 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to long-lived assets and revenue including two instances of its enterprise resource planning (“ERP”) system. In its testing of controls over long-lived assets and revenue the firm tested various automated controls over long-lived assets and IT-dependent manual controls over revenue that used data and reports generated or maintained by certain of these IT systems. • With respect to logical access the firm selected for testing controls that consisted of password configurations and the periodic review of user access. The firm did not test the design and operating effectiveness of these controls over one of the instances of the issuer's ERP system. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to long-lived assets and revenue including two instances of its enterprise resource planning (“ERP”) system. In its testing of controls over long-lived assets and revenue the firm tested various automated controls over long-lived assets and IT-dependent manual controls over revenue that used data and reports generated or maintained by certain of these IT systems. • With respect to logical access the firm selected for testing controls that consisted of password configurations and the periodic review of user access. The firm did not test the design and operating effectiveness of these controls over one of the instances of the issuer's ERP system. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived assets 3 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to long-lived assets and revenue including two instances of its enterprise resource planning (“ERP”) system. In its testing of controls over long-lived assets and revenue the firm tested various automated controls over long-lived assets and IT-dependent manual controls over revenue that used data and reports generated or maintained by certain of these IT systems. • With respect to logical access the firm selected for testing controls that consisted of password configurations and the periodic review of user access. The firm did not test the design and operating effectiveness of these controls over one of the instances of the issuer's ERP system. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to long-lived assets and revenue including two instances of its enterprise resource planning (“ERP”) system. In its testing of controls over long-lived assets and revenue the firm tested various automated controls over long-lived assets and IT-dependent manual controls over revenue that used data and reports generated or maintained by certain of these IT systems. • With respect to logical access the firm selected for testing controls that consisted of password configurations and the periodic review of user access. The firm did not test the design and operating effectiveness of these controls over one of the instances of the issuer's ERP system. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 42 For long-lived assets which were affected by the audit deficiency discussed above related to change management the following additional deficiency was identified: The firm selected for testing certain automated controls over the purchase of long-lived assets that consisted of the (1) matching of invoices approved purchase orders and receiving/inspection reports related to acquired long-lived assets (2) recording of liabilities through unbilled payables for all goods and services received through the system and (3) approval of purchase orders in accordance with an approved authorization matrix. The firm did not test the design and operating effectiveness of these controls over one of the instances of the issuer's ERP system. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 44 For long-lived assets which were affected by the audit deficiency discussed above related to change management the following additional deficiency was identified: The firm selected for testing certain automated controls over the purchase of long-lived assets that consisted of the (1) matching of invoices approved purchase orders and receiving/inspection reports related to acquired long-lived assets (2) recording of liabilities through unbilled payables for all goods and services received through the system and (3) approval of purchase orders in accordance with an approved authorization matrix. The firm did not test the design and operating effectiveness of these controls over one of the instances of the issuer's ERP system. (AS 2201.42 and .44) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 24 For revenue which was affected by the audit deficiencies discussed above related to change management and logical access the following additional deficiency was identified: The firm's approach for testing revenue included performing tests of details for a sample of revenue transactions. The firm did not perform sufficient procedures to verify that each individual revenue transaction had an opportunity to be selected for testing because it did not establish a basis to support the sampling interval used to select transactions for testing and as a result did not select a sample that could be expected to be representative of the population. (AS 2315.24) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm selected for testing certain controls over revenue that consisted of (1) the issuer's verification of certain information used to recognize revenue (2) customer approval of draft invoices (3) management's review and approval of revenue accruals and (4) management's approval of invoice adjustments. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of these controls. (AS 2201.39) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm used certain information in its substantive testing of revenue but did not test or (as discussed above) test controls over the accuracy and completeness of this information. (AS 1105.10) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 4 The firm used certain information in its testing of revenue that was obtained by the issuer from its customers but it did not perform any procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Triennially Inspected 1161 Navarro Amper & Co. 2022 Philippines Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 6 The firm used certain information in its testing of revenue that was obtained by the issuer from its customers but it did not perform any procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Triennially Inspected 1208 Deloitte LLP 2023 Canada Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm's approach for substantively testing certain revenue was to test the issuer's process. To substantively test this revenue the firm performed tests of details over a sample of revenue transactions including recalculating the revenue and deferred revenue for the selected transactions. The following deficiency was identified: • The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain information it used to substantively test the revenue transactions. (AS 1105.10) Triennially Inspected 1208 Deloitte LLP 2023 Canada Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's approach for substantively testing certain revenue was to test the issuer's process. To substantively test this revenue the firm performed tests of details over a sample of revenue transactions including recalculating the revenue and deferred revenue for the selected transactions. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate whether the revenue transactions were recorded in the proper period because it did not consider the appropriateness of the delivery dates used to recognize the revenue. (AS 2301.08 and .13) Triennially Inspected 1208 Deloitte LLP 2023 Canada Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's approach for substantively testing certain revenue was to test the issuer's process. To substantively test this revenue the firm performed tests of details over a sample of revenue transactions including recalculating the revenue and deferred revenue for the selected transactions. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate whether the revenue transactions were recorded in the proper period because it did not consider the appropriateness of the delivery dates used to recognize the revenue. (AS 2301.08 and .13) Triennially Inspected 1208 Deloitte LLP 2023 Canada Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm's approach for substantively testing certain revenue was to test the issuer's process. To substantively test this revenue the firm performed tests of details over a sample of revenue transactions including recalculating the revenue and deferred revenue for the selected transactions. The following deficiency was identified: • The firm did not compare the recalculated revenue and deferred revenue to the issuer's general ledger for the revenue transactions selected for testing. (AS 2301.08 and .13) Triennially Inspected 1208 Deloitte LLP 2023 Canada Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm's approach for substantively testing certain revenue was to test the issuer's process. To substantively test this revenue the firm performed tests of details over a sample of revenue transactions including recalculating the revenue and deferred revenue for the selected transactions. The following deficiency was identified: • The firm did not compare the recalculated revenue and deferred revenue to the issuer's general ledger for the revenue transactions selected for testing. (AS 2301.08 and .13) Triennially Inspected 1208 Deloitte LLP 2023 Canada Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2501 16 The firm's approach for substantively testing certain revenue was to test the issuer's process. To substantively test this revenue the firm performed tests of details over a sample of revenue transactions including recalculating the revenue and deferred revenue for the selected transactions. The following deficiency was identified: • The firm did not evaluate the reasonableness of a significant assumption used to estimate the amount of revenue to recognize. (AS 2501.16) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 42 The issuer determined that it had certain reporting units including one reporting unit that consisted of two components (“Reporting Unit”). The issuer performed a quantitative assessment to test goodwill for impairment at the Reporting Unit and the firm's approach for substantively testing this assessment was to test the issuer's process. The following deficiency was identified: • The firm selected for testing a control that consisted of the issuer's review of the determination of the reporting units. The firm did not test an aspect of this control that addressed the considerations for the aggregation of the two components into one reporting unit including the similarity of the economic characteristics of the components and various qualitative factors as required by FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2201.42 and .44) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 44 The issuer determined that it had certain reporting units including one reporting unit that consisted of two components (“Reporting Unit”). The issuer performed a quantitative assessment to test goodwill for impairment at the Reporting Unit and the firm's approach for substantively testing this assessment was to test the issuer's process. The following deficiency was identified: • The firm selected for testing a control that consisted of the issuer's review of the determination of the reporting units. The firm did not test an aspect of this control that addressed the considerations for the aggregation of the two components into one reporting unit including the similarity of the economic characteristics of the components and various qualitative factors as required by FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2201.42 and .44) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2201 42 The issuer determined that it had certain reporting units including one reporting unit that consisted of two components (“Reporting Unit”). The issuer performed a quantitative assessment to test goodwill for impairment at the Reporting Unit and the firm's approach for substantively testing this assessment was to test the issuer's process. The following deficiency was identified: • The firm selected for testing another control that consisted of the issuer's review of the reasonableness of significant assumptions used in the quantitative assessment of goodwill. The firm did not evaluate the specific review procedures the control owner performed to evaluate the reasonableness of the projected amounts for revenue growth and certain costs used in this assessment. (AS 2201.42 and .44) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2201 44 The issuer determined that it had certain reporting units including one reporting unit that consisted of two components (“Reporting Unit”). The issuer performed a quantitative assessment to test goodwill for impairment at the Reporting Unit and the firm's approach for substantively testing this assessment was to test the issuer's process. The following deficiency was identified: • The firm selected for testing another control that consisted of the issuer's review of the reasonableness of significant assumptions used in the quantitative assessment of goodwill. The firm did not evaluate the specific review procedures the control owner performed to evaluate the reasonableness of the projected amounts for revenue growth and certain costs used in this assessment. (AS 2201.42 and .44) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 2301 8 The issuer determined that it had certain reporting units including one reporting unit that consisted of two components (“Reporting Unit”). The issuer performed a quantitative assessment to test goodwill for impairment at the Reporting Unit and the firm's approach for substantively testing this assessment was to test the issuer's process. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate whether the issuer identified the reporting units in conformity with FASB ASC Topic 350 because it did not perform any procedures to evaluate the similarities in the economic characteristics of the components and the various qualitative factors considered by the issuer when determining whether the two components should be aggregated into one reporting unit. (AS 2301.08 and .11) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 3 AS 2301 11 The issuer determined that it had certain reporting units including one reporting unit that consisted of two components (“Reporting Unit”). The issuer performed a quantitative assessment to test goodwill for impairment at the Reporting Unit and the firm's approach for substantively testing this assessment was to test the issuer's process. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate whether the issuer identified the reporting units in conformity with FASB ASC Topic 350 because it did not perform any procedures to evaluate the similarities in the economic characteristics of the components and the various qualitative factors considered by the issuer when determining whether the two components should be aggregated into one reporting unit. (AS 2301.08 and .11) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 4 AS 2501 16 The issuer determined that it had certain reporting units including one reporting unit that consisted of two components (“Reporting Unit”). The issuer performed a quantitative assessment to test goodwill for impairment at the Reporting Unit and the firm's approach for substantively testing this assessment was to test the issuer's process. The following deficiency was identified: • The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions related to revenue growth rates used in its quantitative assessment of goodwill at the Reporting Unit including consideration of the recent declines in the Reporting Unit's revenue growth rate. (AS 2501.16) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 5 AS 2501 17 The issuer determined that it had certain reporting units including one reporting unit that consisted of two components (“Reporting Unit”). The issuer performed a quantitative assessment to test goodwill for impairment at the Reporting Unit and the firm's approach for substantively testing this assessment was to test the issuer's process. The following deficiency was identified: • The firm did not perform sufficient procedures to evaluate the reasonableness of the significant assumptions related to the revenue growth rates and certain costs for the Reporting Unit because it did not take into account beyond reading the issuer's overall business plan the issuer's ability to carry out its intended courses of action. (AS 2501.17) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 6 AS 2501 16 The issuer determined that it had certain reporting units including one reporting unit that consisted of two components (“Reporting Unit”). The issuer performed a quantitative assessment to test goodwill for impairment at the Reporting Unit and the firm's approach for substantively testing this assessment was to test the issuer's process. The following deficiency was identified: • For one component within the Reporting Unit the firm did not evaluate whether the significant assumptions the issuer used in its quantitative assessment were consistent with the issuer's historical and recent experience taking into account changes in conditions and events affecting the issuer beyond observing that the assumptions were directionally consistent with the issuer's overall business plan and strategy. (AS 2501.16 and .17) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 6 AS 2501 17 The issuer determined that it had certain reporting units including one reporting unit that consisted of two components (“Reporting Unit”). The issuer performed a quantitative assessment to test goodwill for impairment at the Reporting Unit and the firm's approach for substantively testing this assessment was to test the issuer's process. The following deficiency was identified: • For one component within the Reporting Unit the firm did not evaluate whether the significant assumptions the issuer used in its quantitative assessment were consistent with the issuer's historical and recent experience taking into account changes in conditions and events affecting the issuer beyond observing that the assumptions were directionally consistent with the issuer's overall business plan and strategy. (AS 2501.16 and .17) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 7 AS 1105 A10 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the validity and enforceability of contractual arrangements with the issuer's consolidated VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not evaluate the nature of uncertainties described in the legal opinion prepared by the company's specialist and perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 7 AS 1105 A9 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the validity and enforceability of contractual arrangements with the issuer's consolidated VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not evaluate the nature of uncertainties described in the legal opinion prepared by the company's specialist and perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A B Yes ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm did not identify and test any controls over the accuracy of information that the issuer used to record certain revenue. (AS 2201.39) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A B Yes ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 39 The firm did not identify and test any controls over the existence of inventory held at customers' warehouses. (AS 2201.39) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Variable Interest Entities 1 AS 1105 A10 The issuer derives revenue through a consolidated VIE and relies on contractual arrangements with the VIE and its shareholders to control the business operations of the consolidated VIE. The issuer engaged an external specialist to provide a legal opinion regarding the validity and enforceability of contractual arrangements with the issuer's consolidated VIE and its shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIE because it did not evaluate the nature of uncertainties described in the legal opinion prepared by the company's specialist and perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1408 Ernst & Young Hua Ming LLP 2023 China Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Variable Interest Entities 1 AS 1105 A9 The issuer derives revenue through a consolidated VIE and relies on contractual arrangements with the VIE and its shareholders to control the business operations of the consolidated VIE. The issuer engaged an external specialist to provide a legal opinion regarding the validity and enforceability of contractual arrangements with the issuer's consolidated VIE and its shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIE because it did not evaluate the nature of uncertainties described in the legal opinion prepared by the company's specialist and perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1409 Ernst & Young 2023 Hong Kong Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 46 The issuer used an information technology (IT) system to initiate process and/or record transactions related to certain revenue and related accounts. In its testing of controls over a revenue-related account the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1409 Ernst & Young 2023 Hong Kong Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 44 With respect to change management: The firm selected for testing change management controls over this IT system that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The firm did not perform sufficient procedures to test the operating effectiveness of these controls because it limited its selection of changes for testing to a population of changes that were initiated during the period under audit without considering changes initiated outside of the period under audit but made within the period under audit. (AS 2201.44) Triennially Inspected 1409 Ernst & Young 2023 Hong Kong Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient substantive procedures to test a revenue-related account because it did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of certain system-generated data that it used to substantively test the account balance. (AS 1105.10) Triennially Inspected 1409 Ernst & Young 2023 Hong Kong Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2201 44 The firm selected for testing a control over certain revenue that consisted of the issuer's inspection of source documents that were used to record the revenue. The firm did not perform sufficient procedures to test the operating effectiveness of this control because it did not test an aspect of the control involving the issuer's inspection of certain of these source documents. (AS 2201.44) Triennially Inspected 1409 Ernst & Young 2023 Hong Kong Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2301 8 The firm did not perform procedures to test a revenue-related account beyond (1) comparing the account balance at the end of the current year to the account balance at the end of the prior year (2) testing the clerical accuracy of a report the issuer used to calculate the account balance (3) recalculating the account balance using the same information that the issuer used to calculate the balance and (4) reconciling the account balance to the general ledger. (AS 2301.08) Triennially Inspected 1409 Ernst & Young 2023 Hong Kong Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 6 AS 2201 42 The firm identified and tested certain controls over related party transactions. The following deficiency was identified: • The firm selected for testing a control that consisted of the issuer's review of contracts with suppliers to determine if they were with a related party. The firm did not evaluate the specific review procedures that the control owner performed to assess whether contracts were with a related party. (AS 2201 .42 and .44) Triennially Inspected 1409 Ernst & Young 2023 Hong Kong Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 6 AS 2201 44 The firm identified and tested certain controls over related party transactions. The following deficiency was identified: • The firm selected for testing a control that consisted of the issuer's review of contracts with suppliers to determine if they were with a related party. The firm did not evaluate the specific review procedures that the control owner performed to assess whether contracts were with a related party. (AS 2201 .42 and .44) Triennially Inspected 1409 Ernst & Young 2023 Hong Kong Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 7 AS 2201 39 The firm identified and tested certain controls over related party transactions. The following deficiency was identified: • For all contracts that were identified as contracts with related parties the firm did not identify and test any controls that addressed whether the transactions under these contracts were included in the issuer's related party disclosures. (AS 2201.39) Triennially Inspected 1409 Ernst & Young 2023 Hong Kong Ernst & Young Global Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 8 AS 2201 39 The firm identified and tested certain controls over related party transactions. The following deficiency was identified: • The firm selected for testing a control that consisted of the issuer's comparison of related party transactions to a list of related parties prepared by the issuer's legal department. The firm did not identify and test any controls over the completeness of the list of related parties that the control owner used in the operation of this control. (AS 2201.39) Triennially Inspected 1133 Deloitte Bedrijfsrevisoren / Réviseurs d’Entreprises BV/SRL 2023 Belgium Deloitte Touche Tohmatsu Limited 2024-04-26T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing controls that consisted of the issuer's review of revenue cut-off and credit balance refunds and write-offs. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1133 Deloitte Bedrijfsrevisoren / Réviseurs d’Entreprises BV/SRL 2023 Belgium Deloitte Touche Tohmatsu Limited 2024-04-26T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing controls that consisted of the issuer's review of revenue cut-off and credit balance refunds and write-offs. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1133 Deloitte Bedrijfsrevisoren / Réviseurs d’Entreprises BV/SRL 2023 Belgium Deloitte Touche Tohmatsu Limited 2024-04-26T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Journal Entries Significant Risk 2 AS 2201 39 The firm selected for testing a control that consisted of management's review of manual journal entries. The firm did not identify and test any controls over the accuracy and completeness of certain data and reports that the control owners used in the operation of this control. (AS 2201.39) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 1 AS 2101 11 The issuer held receivables at numerous business units. The firm performed procedures to test the existence and valuation of receivables at select business units including sending positive confirmation requests to customers for a sample of receivables using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The following deficiency was identified: ?In determining the extent to which audit procedures should be performed at certain business units the firm did not evaluate whether (1) specific risks of material misstatement existed at these business units and (2) the risks of material misstatement the firm identified for the business units subject to audit procedures also applied to these business units such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.B10) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 1 AS 2101 12 The issuer held receivables at numerous business units. The firm performed procedures to test the existence and valuation of receivables at select business units including sending positive confirmation requests to customers for a sample of receivables using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The following deficiency was identified: ?In determining the extent to which audit procedures should be performed at certain business units the firm did not evaluate whether (1) specific risks of material misstatement existed at these business units and (2) the risks of material misstatement the firm identified for the business units subject to audit procedures also applied to these business units such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.B10) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 1 AS 2201 B10 The issuer held receivables at numerous business units. The firm performed procedures to test the existence and valuation of receivables at select business units including sending positive confirmation requests to customers for a sample of receivables using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The following deficiency was identified: ?In determining the extent to which audit procedures should be performed at certain business units the firm did not evaluate whether (1) specific risks of material misstatement existed at these business units and (2) the risks of material misstatement the firm identified for the business units subject to audit procedures also applied to these business units such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.B10) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 2 AS 2310 31 The issuer held receivables at numerous business units. The firm performed procedures to test the existence and valuation of receivables at select business units including sending positive confirmation requests to customers for a sample of receivables using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The following deficiency was identified: ? For positive confirmation requests for which the firm did not receive a response the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the receivables were accurate as of the confirmation date. (AS 2310.31) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 3 AS 2315 16 The issuer held receivables at numerous business units. The firm performed procedures to test the existence and valuation of receivables at select business units including sending positive confirmation requests to customers for a sample of receivables using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The following deficiency was identified: ? For certain business units the sample size the firm used was too small to provide sufficient appropriate audit evidence over the receivables because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 3 AS 2315 19 The issuer held receivables at numerous business units. The firm performed procedures to test the existence and valuation of receivables at select business units including sending positive confirmation requests to customers for a sample of receivables using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The following deficiency was identified: ? For certain business units the sample size the firm used was too small to provide sufficient appropriate audit evidence over the receivables because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 3 AS 2315 23 The issuer held receivables at numerous business units. The firm performed procedures to test the existence and valuation of receivables at select business units including sending positive confirmation requests to customers for a sample of receivables using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The following deficiency was identified: ? For certain business units the sample size the firm used was too small to provide sufficient appropriate audit evidence over the receivables because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 3 AS 2315 23A The issuer held receivables at numerous business units. The firm performed procedures to test the existence and valuation of receivables at select business units including sending positive confirmation requests to customers for a sample of receivables using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The following deficiency was identified: ? For certain business units the sample size the firm used was too small to provide sufficient appropriate audit evidence over the receivables because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimates 4 AS 1105 A8b The issuer engaged a specialist to develop certain significant assumptions that the issuer considered in determining a significant estimate. The firm's approach for substantively testing the estimate was to test the issuer's process. The following deficiency was identified: ? The firm did not perform any procedures to evaluate the reasonableness of certain assumptions the specialist and issuer developed that the specialist used to develop the significant assumptions the issuer considered in determining the estimate. (AS 1105.A8b; AS 2501.16) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimates 4 AS 2501 16 The issuer engaged a specialist to develop certain significant assumptions that the issuer considered in determining a significant estimate. The firm's approach for substantively testing the estimate was to test the issuer's process. The following deficiency was identified: ? The firm did not perform any procedures to evaluate the reasonableness of certain assumptions the specialist and issuer developed that the specialist used to develop the significant assumptions the issuer considered in determining the estimate. (AS 1105.A8b; AS 2501.16) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimates 5 AS 1105 A8a The issuer engaged a specialist to develop certain significant assumptions that the issuer considered in determining a significant estimate. The firm's approach for substantively testing the estimate was to test the issuer's process. The following deficiency was identified: ? The firm did not perform any procedures to test the accuracy and completeness of company-produced data and evaluate the relevance and reliability of certain other data from sources external to the issuer that the specialist used to develop the significant assumptions the issuer considered in determining the estimate. (AS 1105.A8a) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 10 The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. To test this data the firm selected a sample of cash receipts and compared the amounts to statements generated from the issuer's information technology application used to initiate bank transfers and control its bank accounts. The firm did not perform procedures to test or test any controls over the accuracy and completeness of the system-generated statements that it used to test the cash receipts data. (AS 1105.10) Triennially Inspected 1251 EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft 2022 Germany Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cash 2 AS 2201 39 The firm selected for testing a control over the existence of cash that consisted of the reconciliation of cash accounts and the review and investigation of significant reconciling and/or unusual items. The firm did not identify and test any controls over the accuracy and completeness of system-generated statements used in the operation of this control. (AS 2201.39) Triennially Inspected 1367 Ernst & Young S.A. 2023 Luxembourg Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 46 The issuer used an information technology (IT) system to process and record transactions including those related to long-lived assets. In its testing over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of IT general controls the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1367 Ernst & Young S.A. 2023 Luxembourg Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 42 The issuer used an information technology (IT) system to process and record transactions including those related to long-lived assets. In its testing over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. ? The firm selected for testing a control over user access that consisted of the validation by the owner or owner's representative of access requests prior to the creation and modification of user access rights. The firm did not test the aspect of the control related to the modification of user access rights to the system. (AS 2201.42 and .44) Triennially Inspected 1367 Ernst & Young S.A. 2023 Luxembourg Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 44 The issuer used an information technology (IT) system to process and record transactions including those related to long-lived assets. In its testing over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. ? The firm selected for testing a control over user access that consisted of the validation by the owner or owner's representative of access requests prior to the creation and modification of user access rights. The firm did not test the aspect of the control related to the modification of user access rights to the system. (AS 2201.42 and .44) Triennially Inspected 1367 Ernst & Young S.A. 2023 Luxembourg Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 42 The issuer used an information technology (IT) system to process and record transactions including those related to long-lived assets. In its testing over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. · The firm selected for testing another control over user access that consisted of the periodic review and validation of the appropriateness of the access rights granted to users. The firm did not evaluate the specific review procedures that the control owner performed to determine whether the role(s) and related functions assigned to each user were appropriate. (AS 2201.42 and .44) Triennially Inspected 1367 Ernst & Young S.A. 2023 Luxembourg Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 44 The issuer used an information technology (IT) system to process and record transactions including those related to long-lived assets. In its testing over long-lived assets the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. · The firm selected for testing another control over user access that consisted of the periodic review and validation of the appropriateness of the access rights granted to users. The firm did not evaluate the specific review procedures that the control owner performed to determine whether the role(s) and related functions assigned to each user were appropriate. (AS 2201.42 and .44) Triennially Inspected 1367 Ernst & Young S.A. 2023 Luxembourg Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 42 The firm selected for testing a configurable IT application control over certain revenue that consisted of the issuer's revenue system automatically pulling prices from a validated contract and blocking manual price changes at the order level. The firm did not test the aspect of the control related to the recording of sales revenue to ensure that the price used to record such revenue was based on the contract price within the issuer's revenue system. (AS 2201.42 and .44) Triennially Inspected 1367 Ernst & Young S.A. 2023 Luxembourg Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 44 The firm selected for testing a configurable IT application control over certain revenue that consisted of the issuer's revenue system automatically pulling prices from a validated contract and blocking manual price changes at the order level. The firm did not test the aspect of the control related to the recording of sales revenue to ensure that the price used to record such revenue was based on the contract price within the issuer's revenue system. (AS 2201.42 and .44) Triennially Inspected 1367 Ernst & Young S.A. 2023 Luxembourg Ernst & Young Global Limited 2024-04-26T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Goodwill Significant Risk 1 AS 2501 10 The firm's approach for substantively testing the impairment of goodwill was to test the issuer's process. The firm did not sufficiently evaluate whether the method the issuer used to perform its impairment analyses was in conformity with the applicable financial reporting framework including the requirements of International Accounting Standard 36 Impairment of Assets (“IAS 36”) because the firm did not evaluate whether the period of cash flow projections the issuer used to evaluate goodwill for impairment was in accordance with IAS 36. (AS 2501.10) Triennially Inspected 2485 Simon & Edward, LLP 2023 United States 2024-04-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Discontinued Operations 1 AS 2810 30 The firm did not identify and evaluate that the issuer did not present the results of discontinued operations as a separate component of income in the issuer's statements of operations as required by FASB ASC Topic 205 Presentation of Financial Statements. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting for discontinued operations and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 2485 Simon & Edward, LLP 2023 United States 2024-04-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Discontinued Operations 1 AS 2810 31 The firm did not identify and evaluate that the issuer did not present the results of discontinued operations as a separate component of income in the issuer's statements of operations as required by FASB ASC Topic 205 Presentation of Financial Statements. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting for discontinued operations and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 2485 Simon & Edward, LLP 2023 United States 2024-04-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Discontinued Operations 2 AS 2810 30 the firm did not identify and evaluate that the issuer did not present certain assets and liabilities related to discontinued operations as current in the balance sheet after it committed to complete the sale of these assets within the next year as required by FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting for discontinued operations and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 2485 Simon & Edward, LLP 2023 United States 2024-04-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Discontinued Operations 2 AS 2810 31 the firm did not identify and evaluate that the issuer did not present certain assets and liabilities related to discontinued operations as current in the balance sheet after it committed to complete the sale of these assets within the next year as required by FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting for discontinued operations and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 2485 Simon & Edward, LLP 2023 United States 2024-04-26T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 1245 Salles, Sainz - Grant Thornton, S.C. 2023 Mexico Grant Thornton International Limited 2024-03-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2501 10 The issuer determined that it had a single cash-generating unit (“CGU”) for purposes of evaluating intangible and long-lived assets for possible impairment and used a discounted cash flow method to determine the recoverable amount of this CGU in its annual impairment analysis. The firm's approach for substantively testing the impairment of an intangible asset was to review and test the issuer's process. The following deficiency was identified: · The firm did not sufficiently evaluate whether the method the issuer used to determine the recoverable amount of the CGU was in conformity with the applicable financial reporting framework including the requirements of International Accounting Standard (IAS) 36 Impairment of Assets because it did not evaluate whether the issuer's use of a single CGU to evaluate the intangible asset for possible impairment was appropriate and in accordance with IAS 36. (AS 2501.10) Triennially Inspected 1245 Salles, Sainz - Grant Thornton, S.C. 2023 Mexico Grant Thornton International Limited 2024-03-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2501 16 The issuer determined that it had a single cash-generating unit (“CGU”) for purposes of evaluating intangible and long-lived assets for possible impairment and used a discounted cash flow method to determine the recoverable amount of this CGU in its annual impairment analysis. The firm's approach for substantively testing the impairment of an intangible asset was to review and test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used by the issuer to determine the recoverable amount of the CGU including the Issuer's intent and ability to carry out those assumptions. (AS 2501.16 and .17) Triennially Inspected 1245 Salles, Sainz - Grant Thornton, S.C. 2023 Mexico Grant Thornton International Limited 2024-03-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2501 17 The issuer determined that it had a single cash-generating unit (“CGU”) for purposes of evaluating intangible and long-lived assets for possible impairment and used a discounted cash flow method to determine the recoverable amount of this CGU in its annual impairment analysis. The firm's approach for substantively testing the impairment of an intangible asset was to review and test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used by the issuer to determine the recoverable amount of the CGU including the Issuer's intent and ability to carry out those assumptions. (AS 2501.16 and .17) Triennially Inspected 1245 Salles, Sainz - Grant Thornton, S.C. 2023 Mexico Grant Thornton International Limited 2024-03-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 3 AS 2810 30 The firm did not identify and evaluate a departure from IFRS related to an error in the issuer's disclosure of the intangible asset within its impairment footnote in accordance with IAS 1 Presentation of Financial Statements. (AS 2810.30 and .31) Triennially Inspected 1245 Salles, Sainz - Grant Thornton, S.C. 2023 Mexico Grant Thornton International Limited 2024-03-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 3 AS 2810 31 The firm did not identify and evaluate a departure from IFRS related to an error in the issuer's disclosure of the intangible asset within its impairment footnote in accordance with IAS 1 Presentation of Financial Statements. (AS 2810.30 and .31) Triennially Inspected 1245 Salles, Sainz - Grant Thornton, S.C. 2023 Mexico Grant Thornton International Limited 2024-03-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2301 8 The firm did not perform procedures to evaluate whether there were indicators of potential impairment for certain long-lived assets and right of use assets beyond reading the issuer's impairment policy. (AS 2301.08) Triennially Inspected 1245 Salles, Sainz - Grant Thornton, S.C. 2023 Mexico Grant Thornton International Limited 2024-03-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Right of Use Assets 4 AS 2301 8 The firm did not perform procedures to evaluate whether there were indicators of potential impairment for certain long-lived assets and right of use assets beyond reading the issuer's impairment policy. (AS 2301.08) Triennially Inspected 1245 Salles, Sainz - Grant Thornton, S.C. 2023 Mexico Grant Thornton International Limited 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with a single deficiency Accruals and Other Liabilities 1 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed this area and identified the deficiency below. The firm was instructed by the principal auditor to perform certain procedures to test various inputs including certain rates used by the issuer in the determination of a liability. The firm did not perform procedures to test the accuracy of these rates beyond comparing them to information provided by either the issuer or principal auditor. (AS 2301.08) Triennially Inspected 1245 Salles, Sainz - Grant Thornton, S.C. 2023 Mexico Grant Thornton International Limited 2024-03-29T00:00:00 Part I.A C Yes ICFR audit only Audits with a single deficiency Control Deficiencies 1 AS 2201 62 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The firm was instructed by the principal auditor to test certain controls evaluate the severity of identified control deficiencies and communicate any deficiencies to the principal auditor upon identification. The firm did not evaluate the severity of identified control deficiencies to determine whether the deficiencies in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and test any controls that address whether the relevant revenue recognition criteria were met prior to recognizing revenue. (AS 2201.39) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not (1) perform substantive procedures to evaluate whether the relevant revenue recognition criteria had been met prior to recognizing revenue and (2) perform any substantive procedures to address certain fraud risks. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not (1) perform substantive procedures to evaluate whether the relevant revenue recognition criteria had been met prior to recognizing revenue and (2) perform any substantive procedures to address certain fraud risks. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions Significant Risk 3 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and test any controls over the issuer's (1) identification of related parties and relationships and (2) accounting for and disclosure of related party transactions. (AS 2201.39) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions Significant Risk 4 AS 2410 14 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform any substantive procedures to evaluate whether the issuer had properly identified its related parties and relationships and transactions with related parties. Further the firm did not perform any substantive procedures to evaluate whether related party transactions were properly accounted for and disclosed in the issuer's financial statements. (AS 2410.14 and .17) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions Significant Risk 4 AS 2410 17 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform any substantive procedures to evaluate whether the issuer had properly identified its related parties and relationships and transactions with related parties. Further the firm did not perform any substantive procedures to evaluate whether related party transactions were properly accounted for and disclosed in the issuer's financial statements. (AS 2410.14 and .17) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 5 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer engaged an external specialist to develop an estimate related to this significant account. The firm did not identify and test any controls over the assumptions used by the company's specialist. (AS 2201.39) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 6 AS 2501 10 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing this estimate was to test the issuer's process and the firm engaged another external specialist to perform a review of the company's specialist's report. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to an aspect of the issuer's methodology that was used to develop the estimate. (AS 2501.10) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 7 AS 1105 A8b The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing this estimate was to test the issuer's process and the firm engaged another external specialist to perform a review of the company's specialist's report. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of the assumptions developed by the issuer and by the company's specialist including evaluating a significant difference between one of the assumptions and a significant assumption used by the issuer in another estimate tested. (AS 1105.A8b; AS 2501.16) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 7 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing this estimate was to test the issuer's process and the firm engaged another external specialist to perform a review of the company's specialist's report. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of the assumptions developed by the issuer and by the company's specialist including evaluating a significant difference between one of the assumptions and a significant assumption used by the issuer in another estimate tested. (AS 1105.A8b; AS 2501.16) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 8 AS 1210 9 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing this estimate was to test the issuer's process and the firm engaged another external specialist to perform a review of the company's specialist's report. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not perform additional procedures or request the auditor-engaged specialist perform additional procedures to address the disclaimer in the auditor-engaged specialist's report. (AS 1210.09 and .12) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 8 AS 1210 12 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing this estimate was to test the issuer's process and the firm engaged another external specialist to perform a review of the company's specialist's report. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the auditor-engaged specialist's work provided sufficient appropriate audit evidence because it did not perform additional procedures or request the auditor-engaged specialist perform additional procedures to address the disclaimer in the auditor-engaged specialist's report. (AS 1210.09 and .12) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 9 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and test any controls over certain attributes related to this significant account. (AS 2201.39) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting Process and Journal Entries Fraud Risk 10 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and test any controls over journal entries and other adjustments made in the period-end financial reporting process. (AS 2201.39) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting Process and Journal Entries Fraud Risk 11 AS 2301 41 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform any substantive procedures to examine material adjustments made during the course of preparing the financial statements. (AS 2301.41) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting Process and Journal Entries Fraud Risk 12 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm identified fraud criteria to identify and select journal entries and other adjustments for testing and obtained a listing of journal entries that met the criteria. The firm did not perform any procedures to test the completeness of the listing of journal entries it used to identify journal entries that met the criteria. (AS 1105.10) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting Process and Journal Entries Fraud Risk 13 AS 2401 61 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not sufficiently test the journal entries that met the identified fraud risk criteria for evidence of possible material misstatement due to fraud because it limited its procedures to certain entries without having an appropriate rationale for limiting its testing to those journal entries. Further the firm did not examine the underlying support for those entries it selected for testing. (AS 2401.61) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies ITGCs 14 AS 2201 62 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm identified deficiencies related to ITGCs for several of the issuer's information systems but did not evaluate the severity of these deficiencies to determine whether the deficiencies individually or in combination were material weaknesses. (AS 2201.62) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recognized several types of revenue. With respect to two types of revenue the firm did not perform any procedures to evaluate whether the methods the issuer used to recognize this revenue were in conformity with GAAP. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recognized several types of revenue. With respect to two types of revenue the firm did not perform any procedures to evaluate whether the methods the issuer used to recognize this revenue were in conformity with GAAP. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform sufficient procedures to evaluate whether the issuer had satisfied its performance obligations prior to recognizing these two types of revenue because it limited its procedures to reviewing certain external information and/or testing that the issuer had received cash. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform sufficient procedures to evaluate whether the issuer had satisfied its performance obligations prior to recognizing these two types of revenue because it limited its procedures to reviewing certain external information and/or testing that the issuer had received cash. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to these two types of revenue and another type of revenue the firm did not perform procedures to evaluate whether the issuer met certain other revenue recognition criteria prior to recognizing revenue. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to these two types of revenue and another type of revenue the firm did not perform procedures to evaluate whether the issuer met certain other revenue recognition criteria prior to recognizing revenue. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 1105 A8a The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer engaged an external specialist to determine the fair values of certain long-lived assets. The firm used an auditor-engaged specialist to perform reviews of the company's specialist's valuation reports. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of data the company's specialist obtained from external sources and used to develop the fair values. (AS 1105.A8a) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 1105 A8b The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer engaged an external specialist to determine the fair values of certain long-lived assets. The firm used an auditor-engaged specialist to perform reviews of the company's specialist's valuation reports. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions developed by the issuer and the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer engaged an external specialist to determine the fair values of certain long-lived assets. The firm used an auditor-engaged specialist to perform reviews of the company's specialist's valuation reports. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions developed by the issuer and the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 A8c The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer engaged an external specialist to determine the fair values of certain long-lived assets. The firm used an auditor-engaged specialist to perform reviews of the company's specialist's valuation reports. The following deficiency was identified: · The firm did not perform any procedures to evaluate whether the methods used by the company's specialist to develop the fair values were appropriate under the circumstances taking into account the requirements of GAAP. (AS 1105.A8c) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 1210 9 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer engaged an external specialist to determine the fair values of certain long-lived assets. The firm used an auditor-engaged specialist to perform reviews of the company's specialist's valuation reports. The following deficiency was identified: · The firm did not perform any additional procedures or request the auditor-engaged specialist perform additional procedures to address the disclaimers and limitations included in the auditor-engaged specialist's reports that affected the firm's use of the reports. (AS 1210.09 and .12) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 1210 12 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer engaged an external specialist to determine the fair values of certain long-lived assets. The firm used an auditor-engaged specialist to perform reviews of the company's specialist's valuation reports. The following deficiency was identified: · The firm did not perform any additional procedures or request the auditor-engaged specialist perform additional procedures to address the disclaimers and limitations included in the auditor-engaged specialist's reports that affected the firm's use of the reports. (AS 1210.09 and .12) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Cash Fraud Risk 8 AS 2310 28 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm used an external digital confirmation platform to confirm certain cash but did not perform any procedures to support its reliance on this digital platform's ability to maintain control over the confirmation requests and responses. (AS 2310.28) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 9 AS 2401 61 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm identified characteristics of potentially fraudulent entries or adjustments for testing but did not determine whether any journal entries met those characteristics and instead limited its testing to haphazardly selected journal entries. (AS 2401.61) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 10 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform sufficient procedures to test the completeness of the population of journal entries it used to select journal entries for testing because it did not identify unexplained differences between the general ledger balances it used to test the completeness and the general ledger balances that were included in the financial statements. (AS 1105.10) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Subsequent Events 11 AS 2801 12 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform auditing procedures beyond reviewing disbursements for certain components with respect to the period after the balance-sheet date for purpose of ascertaining the occurrence of subsequent events that may require adjustment or disclosure. (AS 2801.12) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 12 AS 2810 17 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm identified uncorrected misstatements but did not evaluate whether the uncorrected misstatements were material individually or in combination with other misstatements including the effects of the uncorrected misstatements on the specific accounts and disclosures involved and the effects of the misstatements identified related to the prior year on the current year financial statements. (AS 2810.17 and .18) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 12 AS 2810 18 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm identified uncorrected misstatements but did not evaluate whether the uncorrected misstatements were material individually or in combination with other misstatements including the effects of the uncorrected misstatements on the specific accounts and disclosures involved and the effects of the misstatements identified related to the prior year on the current year financial statements. (AS 2810.17 and .18) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 1 AS 1105 4 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported certain assets. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain information it obtained from external sources and used in its substantive procedures beyond obtaining information about the source's reputation and regulatory compliance. (AS 1105.04 and .06) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 1 AS 1105 6 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported certain assets. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain information it obtained from external sources and used in its substantive procedures beyond obtaining information about the source's reputation and regulatory compliance. (AS 1105.04 and .06) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 2 AS 1105 4 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported certain assets. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of other information it obtained from external sources and used in its substantive procedures. (AS 1105.04 and .06) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 2 AS 1105 6 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported certain assets. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of other information it obtained from external sources and used in its substantive procedures. (AS 1105.04 and .06) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 3 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported certain assets. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over these assets. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 3 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported certain assets. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over these assets. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 4 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported certain assets. The following deficiency was identified: · The firm did not perform any procedures to evaluate the appropriateness of the issuer's classification of these assets. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Fraud Risk 4 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported certain assets. The following deficiency was identified: · The firm did not perform any procedures to evaluate the appropriateness of the issuer's classification of these assets. (AS 2301.08 and .13) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2810 30 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and evaluate departures from GAAP related to the issuer's omission of disclosures related to revenue. (AS 2810.30 and .31) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2810 31 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and evaluate departures from GAAP related to the issuer's omission of disclosures related to revenue. (AS 2810.30 and .31) Triennially Inspected 2769 Centurion ZD CPA & Co. 2023 Hong Kong 2024-03-29T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2401 58 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 410 Weaver and Tidwell, L.L.P. 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties Significant Risk 1 AS 1105 A8b The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions. (AS 1105.A8b; AS 2501.16) Triennially Inspected 410 Weaver and Tidwell, L.L.P. 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties Significant Risk 1 AS 2501 16 The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions. (AS 1105.A8b; AS 2501.16) Triennially Inspected 410 Weaver and Tidwell, L.L.P. 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties Significant Risk 2 AS 1105 A8a The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The following deficiency was identified: · The firm did not perform procedures to test the accuracy and completeness of certain data provided by the issuer and used by the company's specialist to develop the estimate. (AS 1105.A8a) Triennially Inspected 410 Weaver and Tidwell, L.L.P. 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties Significant Risk 3 AS 1105 A8a The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain information from sources external to the issuer that the company's specialist used to develop the estimate. (AS 1105.A8a) Triennially Inspected 410 Weaver and Tidwell, L.L.P. 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties Significant Risk 4 AS 1105 A8c The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The following deficiency was identified: · The firm did not perform procedures to evaluate whether certain of the methods used by the company's specialist in the development of the estimates were appropriate under the circumstances. (AS 1105.A8c) Triennially Inspected 410 Weaver and Tidwell, L.L.P. 2023 United States 2024-03-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue-Related Account 1 AS 2301 8 The firm did not perform any procedures to test a revenue-related account. (AS 2301.08) Triennially Inspected 410 Weaver and Tidwell, L.L.P. 2023 United States 2024-03-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Leases 2 AS 2301 8 The firm did not perform procedures to test the accuracy and completeness of certain disclosures related to operating leases. (AS 2301.08) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The issuer recognized revenue from multiple sources. The following deficiency was identified: · To test certain revenue the firm selected transactions from a report the issuer prepared and recalculated the related revenue using the key terms underlying the selected transactions as reflected in the report. The firm did not perform any procedures to test the (1) occurrence of the selected transactions and (2) accuracy of the key terms underlying those transactions that the firm used to recalculate the related revenue. (AS 2301.08) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The issuer recognized revenue from multiple sources. The following deficiency was identified: · The firm did not perform any procedures to test certain other revenue. (AS 2301.08) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accruals and Other Liabilities 3 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of information it obtained from the issuer's website and used to test the valuation of certain liabilities and an unrealized gain. (AS 1105.04 and .06) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Unrealized Gain 3 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of information it obtained from the issuer's website and used to test the valuation of certain liabilities and an unrealized gain. (AS 1105.04 and .06) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accruals and Other Liabilities 3 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of information it obtained from the issuer's website and used to test the valuation of certain liabilities and an unrealized gain. (AS 1105.04 and .06) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Unrealized Gain 3 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of information it obtained from the issuer's website and used to test the valuation of certain liabilities and an unrealized gain. (AS 1105.04 and .06) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient procedures to test the selected journal entries because it did not examine the underlying support for the entries and instead limited its procedures to reading the journal entry descriptions. (AS 2401.61) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a revenue-related disclosure required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a revenue-related disclosure required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 8 The firm did not perform procedures to test certain revenue beyond determining for a sample of revenue transactions that a contract existed between the issuer and the respective clients and agreeing the respective amounts recorded to invoices the issuer generated. (AS 2301.08) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable and Related Assets 3 AS 2315 16 The sample size the firm used in its substantive procedures to test certain receivables and related assets was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable and Related Assets 3 AS 2315 19 The sample size the firm used in its substantive procedures to test certain receivables and related assets was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable and Related Assets 3 AS 2315 23 The sample size the firm used in its substantive procedures to test certain receivables and related assets was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable and Related Assets 3 AS 2315 23A The sample size the firm used in its substantive procedures to test certain receivables and related assets was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer operated an e-commerce platform. The following deficiency was identified: · The firm selected for testing a control over revenue that consisted of the issuer's review and approval of third-party invoices including the performance of certain two-way and three-way matches between those invoices and documents and/or information produced by the issuer. The firm did not test the aspects of the control related to the two-way and three-way matches. (AS 2201.42 and .44) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer operated an e-commerce platform. The following deficiency was identified: · The firm selected for testing a control over revenue that consisted of the issuer's review and approval of third-party invoices including the performance of certain two-way and three-way matches between those invoices and documents and/or information produced by the issuer. The firm did not test the aspects of the control related to the two-way and three-way matches. (AS 2201.42 and .44) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2023 Israel Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 68 The issuer operated an e-commerce platform. The following deficiency was identified: · The firm selected for testing another control over revenue that consisted of the issuer's review and approval of certain changes the issuer made to data in its system that affected revenue recognition. The firm identified a deficiency in the design and operating effectiveness of this control. The firm identified and tested a compensating control that it believed would mitigate the deficiency. The firm did not identify that the other control did not address the appropriateness of changes made by authorized personnel. (AS 2201.68) Triennially Inspected 1522 Ernst & Young Audit S.A.S. 2023 Colombia Ernst & Young Global Limited 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Debt 1 AS 2301 8 The firm did not perform procedures to evaluate the issuer's presentation and disclosure of the current and non-current portions of debt beyond obtaining and reviewing a checklist prepared by management. (AS 2301.08) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. To test revenue the firm selected revenue transactions that exceeded a monetary threshold. The following deficiency was identified: · For the selected transactions the firm did not perform any substantive procedures to test whether the issuer's performance obligations had been satisfied when revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. To test revenue the firm selected revenue transactions that exceeded a monetary threshold. The following deficiency was identified: · For the selected transactions the firm did not perform any substantive procedures to test whether the issuer's performance obligations had been satisfied when revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 27 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. To test revenue the firm selected revenue transactions that exceeded a monetary threshold. The following deficiency was identified: · The firm did not perform any procedures to test the remaining revenue transactions. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. To test revenue the firm selected revenue transactions that exceeded a monetary threshold. The following deficiency was identified: · The firm did not perform any procedures to test the remaining revenue transactions. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. To test revenue the firm selected revenue transactions that exceeded a monetary threshold. The following deficiency was identified: · The firm did not perform any procedures to test the remaining revenue transactions. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 30 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures related to revenue that were required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 31 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures related to revenue that were required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 4 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer issued convertible debt during the current and prior years. The following deficiency was identified: · The firm did not perform any procedures to evaluate the issuer's equity classification of and accounting for (1) warrants and (2) embedded conversion options associated with certain convertible debt. (AS 2301.08 and .11) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 4 AS 2301 11 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer issued convertible debt during the current and prior years. The following deficiency was identified: · The firm did not perform any procedures to evaluate the issuer's equity classification of and accounting for (1) warrants and (2) embedded conversion options associated with certain convertible debt. (AS 2301.08 and .11) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 5 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer issued convertible debt during the current and prior years. The following deficiency was identified: · The firm did not perform any procedures to test the intrinsic value of the beneficial conversion feature associated with certain convertible debt at the date of issuance. (AS 2301.08 and .11) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 5 AS 2301 11 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer issued convertible debt during the current and prior years. The following deficiency was identified: · The firm did not perform any procedures to test the intrinsic value of the beneficial conversion feature associated with certain convertible debt at the date of issuance. (AS 2301.08 and .11) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 6 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer issued convertible debt during the current and prior years. The following deficiency was identified: · The firm did not perform any procedures to test the amortization of debt discount associated with certain convertible debt. (AS 2301.08 and .11) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 6 AS 2301 11 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer issued convertible debt during the current and prior years. The following deficiency was identified: · The firm did not perform any procedures to test the amortization of debt discount associated with certain convertible debt. (AS 2301.08 and .11) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 7 AS 2810 30 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer issued convertible debt during the current and prior years. The following deficiency was identified: · The firm did not identify and evaluate errors related to convertible debt in the issuer's consolidated statement of shareholders' deficit and consolidated statement of cash flows. (AS 2810.30 and .31) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 7 AS 2810 31 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer issued convertible debt during the current and prior years. The following deficiency was identified: · The firm did not identify and evaluate errors related to convertible debt in the issuer's consolidated statement of shareholders' deficit and consolidated statement of cash flows. (AS 2810.30 and .31) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 8 AS 2810 30 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer issued convertible debt during the current and prior years. The following deficiency was identified: · The firm did not identify and evaluate errors in the issuer's convertible debt disclosures. (AS 2810.30 and .31) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 8 AS 2810 31 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer issued convertible debt during the current and prior years. The following deficiency was identified: · The firm did not identify and evaluate errors in the issuer's convertible debt disclosures. (AS 2810.30 and .31) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 9 AS 2310 28 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. To test convertible debt the firm's substantive procedures included confirmation of the balances. The following deficiency was identified: · The issuer sent the confirmation requests on behalf of the firm. The firm did not maintain control of the confirmation requests through direct communication with the intended recipients of the confirmation requests. (AS 2310.28) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 10 AS 2310 29 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. To test convertible debt the firm's substantive procedures included confirmation of the balances. The following deficiency was identified: · The firm received electronic responses to certain confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 11 AS 2310 31 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. To test convertible debt the firm's substantive procedures included confirmation of the balances. The following deficiency was identified: · For certain of the confirmation requests that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the convertible debt were accurate as of the confirmation date. (AS 2310.31) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 12 AS 2310 31 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. To test convertible debt the firm's substantive procedures included confirmation of the balances. The following deficiency was identified: · For certain other confirmation requests that were not returned the firm did not perform alternative procedures. (AS 2310.31) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 13 AS 2501 10 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer reported derivative liabilities at fair value. The firm's approach for testing the fair value of the derivative liabilities was to test the issuer's process. The following deficiency was identified: · The firm did not evaluate whether the model the issuer used to develop the fair value was in conformity with the applicable financial reporting framework and appropriate for the nature of the related account. (AS 2501.10) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 14 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The issuer reported derivative liabilities at fair value. The firm's approach for testing the fair value of the derivative liabilities was to test the issuer's process. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of a significant assumption developed by the issuer. (AS 2501.16) Triennially Inspected 1939 Raul Carrega, CPA 2023 United States 2024-03-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 15 AS 2401 61 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify the deficiencies below. The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform sufficient procedures to test whether revenue was recognized in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not evaluate whether contracts were negotiated as a package with a single commercial objective where the amount of consideration to be paid in one contract depended on the price or performance of the other contract or whether goods and services promised in each contract were a single performance obligation when the contracts were entered into at or near the same time with the same customer. (AS 2301.08 and .13) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform sufficient procedures to test whether revenue was recognized in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not evaluate whether contracts were negotiated as a package with a single commercial objective where the amount of consideration to be paid in one contract depended on the price or performance of the other contract or whether goods and services promised in each contract were a single performance obligation when the contracts were entered into at or near the same time with the same customer. (AS 2301.08 and .13) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm did not perform sufficient procedures to test whether revenue was recognized in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not perform procedures to test or test any controls over the completeness and accuracy of the data used in the issuer's revenue analysis. (AS 1105.10) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm did not test the completeness of the population of changes made to various application systems that the firm used to evaluate change controls. (AS 1105.10) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 39 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm did not identify and test any controls over the completeness of the population of program code changes the control operators used in the performance of the controls. (AS 2201.39) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm did not test user access provisioning controls over applications that supported revenue accounting. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm did not test user access provisioning controls over applications that supported revenue accounting. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 42 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm did not evaluate the design of a periodic access review control. (AS 2201.42) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 39 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm did not test any controls over the accuracy and completeness of the user profile reports used to perform the periodic access review control. (AS 2201.39) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 62 The firm did not perform sufficient procedures to evaluate and test various controls in the revenue cycle because it did not: · Evaluate the severity of identified control deficiencies to determine whether the deficiencies in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 39 The firm did not perform sufficient procedures to evaluate and test various controls in the revenue cycle because it did not: · Identify and test controls over the accuracy and completeness of reports that control owners used in the operation of the controls. (AS 2201.39) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 42 The firm did not perform sufficient procedures to evaluate and test various controls in the revenue cycle because it did not: · Evaluate the review procedures the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 44 The firm did not perform sufficient procedures to evaluate and test various controls in the revenue cycle because it did not: · Evaluate the review procedures the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 11 AS 2201 39 The firm did not perform sufficient procedures to evaluate and test various controls in the revenue cycle because it did not: · Identify and test controls over the upload of data into certain of the issuer's applications or over the calculation of standalone selling price. (AS 2201.39) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing described above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 13 AS 2201 42 The firm did not perform procedures to test the design and operating effectiveness of a control over the issuer-specific accounting considerations related to the adoption of new accounting pronouncements. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 13 AS 2201 44 The firm did not perform procedures to test the design and operating effectiveness of a control over the issuer-specific accounting considerations related to the adoption of new accounting pronouncements. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 14 AS 2201 42 The firm identified for testing four review controls over the issuance and repurchase of debt instruments. The firm did not evaluate the review procedures the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 14 AS 2201 44 The firm identified for testing four review controls over the issuance and repurchase of debt instruments. The firm did not evaluate the review procedures the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 15 AS 2301 8 For certain debt repurchased during the year the firm did not perform any procedures to test the number of debt holders and aggregate principal amount of the repurchased debt and the fair value of consideration paid to the debt holders upon repurchase. (AS 2301.08; AS 2501.07) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 15 AS 2501 7 For certain debt repurchased during the year the firm did not perform any procedures to test the number of debt holders and aggregate principal amount of the repurchased debt and the fair value of consideration paid to the debt holders upon repurchase. (AS 2301.08; AS 2501.07) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For product revenue the firm did not evaluate the shipping terms to assess whether it was appropriate to recognize revenue upon shipment. (AS 2301.08 and .13) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For product revenue the firm did not evaluate the shipping terms to assess whether it was appropriate to recognize revenue upon shipment. (AS 2301.08 and .13) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For service revenue the firm did not evaluate whether (1) performance obligations were appropriately identified (2) the allocation of revenue between performance obligations was appropriate and (3) performance obligations were satisfied. (AS 2301.08 and .13) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For service revenue the firm did not evaluate whether (1) performance obligations were appropriately identified (2) the allocation of revenue between performance obligations was appropriate and (3) performance obligations were satisfied. (AS 2301.08 and .13) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2301 8 The firm did not perform any procedures to test unbilled accounts receivable balances. (AS 2301.08) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 1105 10 The firm did not perform any procedures to test or test any controls over the accuracy of the accounts receivable aging reports and the accuracy and completeness of data related to payments collected by the issuer subsequent to year end which were used in its audit procedures. (AS 1105.10) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2501 7 The issuer entered into an agreement to acquire the assets and liabilities of an entity. The firm did not perform sufficient procedures to test the acquisition because it did not: · Test the valuation of common stock issued in connection with the acquisition. (AS 2501.07) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2301 8 The issuer entered into an agreement to acquire the assets and liabilities of an entity. The firm did not perform sufficient procedures to test the acquisition because it did not: · Test the existence completeness and valuation of the assets acquired and liabilities assumed as of the acquisition date. (AS 2301.08; AS 2501.07) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2501 7 The issuer entered into an agreement to acquire the assets and liabilities of an entity. The firm did not perform sufficient procedures to test the acquisition because it did not: · Test the existence completeness and valuation of the assets acquired and liabilities assumed as of the acquisition date. (AS 2301.08; AS 2501.07) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2301 8 The issuer entered into an agreement to acquire the assets and liabilities of an entity. The firm did not perform sufficient procedures to test the acquisition because it did not: · Perform any procedures to determine whether the issuer had identified all separately identifiable tangible and intangible assets acquired that required recognition as of the acquisition date. (AS 2301.08) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 2501 7 The issuer entered into an agreement to acquire the assets and liabilities of an entity. The firm did not perform sufficient procedures to test the acquisition because it did not: · Test the fair value of the earn-out liability as of the acquisition date and at year end beyond reading an issuer-prepared memorandum. (AS 2501.07) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 9 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain required disclosures related to major classes of assets acquired and liabilities assumed in accordance with FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 9 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain required disclosures related to major classes of assets acquired and liabilities assumed in accordance with FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 10 AS 2315 26 The issuer maintains inventory at multiple locations and performs physical inventory counts at year end. The following deficiencies were identified: · For one location the firm did not (1) project the misstated results of its sample to the items from which the sample was selected and (2) consider the nature and cause of misstatements identified in the sample of items tested to determine whether there could be additional errors. (AS 2315.26 and .27) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 10 AS 2315 27 The issuer maintains inventory at multiple locations and performs physical inventory counts at year end. The following deficiencies were identified: · For one location the firm did not (1) project the misstated results of its sample to the items from which the sample was selected and (2) consider the nature and cause of misstatements identified in the sample of items tested to determine whether there could be additional errors. (AS 2315.26 and .27) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 11 AS 2510 9 The issuer maintains inventory at multiple locations and performs physical inventory counts at year end. The following deficiencies were identified: · For another location the firm's counts identified a significant number of misstatements and the firm determined the issuer had not performed a year-end physical inventory count. The issuer then performed a physical inventory count ('subsequent count'). The firm did not perform any testing of the subsequent count or any other procedures to determine the effectiveness of the method used by the issuer to perform the subsequent count and the reliance that could be placed upon the issuer's representations of quantities and physical condition of inventories at that location. (AS 2510.09) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 12 AS 2501 7 The firm did not perform sufficient procedures to test the valuation of inventories because it did not: · Perform any procedures to evaluate whether inventory was measured at the lower of cost or net realizable value at certain locations. (AS 2501.07) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 13 AS 1105 10 The firm did not perform sufficient procedures to test the valuation of inventories because it did not: · Perform any procedures to test or test any controls over the accuracy and completeness of the bill of materials reports. (AS 1105.10) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 14 AS 2301 8 The firm did not perform sufficient procedures to test the valuation of inventories because it did not: · Perform sufficient procedures to test the material costs in work-in-process (WIP) finished goods (FG) and raw materials because it did not perform any procedures to test certain sampled items and limited its procedures for certain other sampled items to comparing the items to a prior-year inventory listing. (AS 2301.08) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 15 AS 1105 10 The firm did not perform sufficient procedures to test the valuation of inventories because it did not: · Perform any procedures to test or test any control over the accuracy and completeness of the number of labor hours used by the issuer to determine the labor costs allocated to WIP and FG. (AS 1105.10) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 16 AS 2501 7 The firm did not perform sufficient procedures to test the valuation of inventories because it did not: · Perform substantive procedures to test the allocation of overhead costs and the percentage of completion estimate beyond recalculation and inquiry of management. (AS 2501.07) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 17 AS 2501 7 The firm did not perform sufficient procedures to test the valuation of inventories because it did not: · Perform procedures to test the inventory reserve beyond comparing the year-end inventory reserve balance to the prior year amount. (AS 2501.07) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 18 AS 2301 8 The firm did not test shipping terms of inventory purchased from a foreign supplier for inventory received subsequent to year end. (AS 2301.08) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Debt 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to a related party note payable that was not presented on the face of the balance sheet in accordance with FASB ASC Subtopic 235-10-S99 Notes to Financial Statements — Overall — SEC Materials. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 577 Stowe & Degon LLC 2022 United States 2024-02-22T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Debt 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to a related party note payable that was not presented on the face of the balance sheet in accordance with FASB ASC Subtopic 235-10-S99 Notes to Financial Statements — Overall — SEC Materials. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 1216 KPMG 2023 Panama KPMG International Cooperative 2024-02-22T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing certain controls over revenue that consisted of (1) the reconciliation of billing data from a system-generated report from the issuer's general ledger system to the issuer's billing system and (2) management's review of certain unresolved reconciling items from the reconciliation of data from another system to the issuer's billing system. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of these controls. (AS 2201.39) Triennially Inspected 1216 KPMG 2023 Panama KPMG International Cooperative 2024-02-22T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 8 The firm did not perform procedures to substantively test certain accounts receivable beyond examining the related customer invoice prepared by the issuer. (AS 2301.08) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 27 To test certain revenue the firm selected transactions from certain months during the year. The firm did not perform procedures beyond performing year-end cut-off procedures to test the population of sales transactions from the remaining months. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 To test certain revenue the firm selected transactions from certain months during the year. The firm did not perform procedures beyond performing year-end cut-off procedures to test the population of sales transactions from the remaining months. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 To test certain revenue the firm selected transactions from certain months during the year. The firm did not perform procedures beyond performing year-end cut-off procedures to test the population of sales transactions from the remaining months. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 16 The sample sizes the firm used in its substantive procedures to test certain other revenue were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 19 The sample sizes the firm used in its substantive procedures to test certain other revenue were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23 The sample sizes the firm used in its substantive procedures to test certain other revenue were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23A The sample sizes the firm used in its substantive procedures to test certain other revenue were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 1105 27 To test accounts receivable at one of the issuer's components the firm performed confirmation procedures for a sample of balances at an interim date. The firm obtained a rollforward of accounts receivable from the interim date to year end and selected transactions that exceeded a monetary threshold to test. The firm did not perform procedures to test the remaining population of transactions. (AS 1105.27; AS 2301.08) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2301 8 To test accounts receivable at one of the issuer's components the firm performed confirmation procedures for a sample of balances at an interim date. The firm obtained a rollforward of accounts receivable from the interim date to year end and selected transactions that exceeded a monetary threshold to test. The firm did not perform procedures to test the remaining population of transactions. (AS 1105.27; AS 2301.08) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 1105 10 To test accounts receivable at one of the issuer's components the firm performed confirmation procedures for a sample of balances at an interim date. The firm obtained a rollforward of accounts receivable from the interim date to year end and selected transactions that exceeded a monetary threshold to test. To test the related allowance for doubtful accounts the firm developed an independent expectation of the estimate. The firm did not perform procedures to test or in the alternative test any controls over the accuracy and completeness of certain data it used to develop its independent expectation. (AS 1105.10) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 1105 27 To test accounts receivable at a second component and certain accounts receivable at a third component the firm selected balances for testing that exceeded a monetary threshold. The firm did not perform procedures to test the remaining population of accounts receivable. (AS 1105.27; AS 2301.08) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 2301 8 To test accounts receivable at a second component and certain accounts receivable at a third component the firm selected balances for testing that exceeded a monetary threshold. The firm did not perform procedures to test the remaining population of accounts receivable. (AS 1105.27; AS 2301.08) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 6 AS 1105 27 To test certain other accounts receivable at the third component the firm selected balances for testing at an interim date that exceeded a monetary threshold. The firm did not perform procedures to test the remaining population of accounts receivable. Further the firm did not perform procedures to extend its conclusion from the interim date to year end. (AS 1105.27; AS 2301.08 and .45) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 6 AS 2301 8 To test certain other accounts receivable at the third component the firm selected balances for testing at an interim date that exceeded a monetary threshold. The firm did not perform procedures to test the remaining population of accounts receivable. Further the firm did not perform procedures to extend its conclusion from the interim date to year end. (AS 1105.27; AS 2301.08 and .45) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 6 AS 2301 45 To test certain other accounts receivable at the third component the firm selected balances for testing at an interim date that exceeded a monetary threshold. The firm did not perform procedures to test the remaining population of accounts receivable. Further the firm did not perform procedures to extend its conclusion from the interim date to year end. (AS 1105.27; AS 2301.08 and .45) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 1105 10 The firm did not perform procedures to test or test any controls over the accuracy of certain data that it used to test the allowance for doubtful accounts at the second and third components. (AS 1105.10) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 1105 A1 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 1105 A10 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 1105 A2 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 1105 A3 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 1105 A4 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 1105 A5 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 1105 A6 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 1105 A7 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 1105 A8 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 1105 A9 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2023 Mexico 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 8 AS 2501 7 The issuer engaged a specialist to determine the valuation of certain inventory. The firm did not perform substantive procedures to test the reserve for this inventory beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5036 Assurance Dimensions 2023 United States 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 16 The firm selected transactions to test revenue using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over revenue because the firm's other procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .17 .23 and .23A) Triennially Inspected 5036 Assurance Dimensions 2023 United States 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 17 The firm selected transactions to test revenue using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over revenue because the firm's other procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .17 .23 and .23A) Triennially Inspected 5036 Assurance Dimensions 2023 United States 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 23 The firm selected transactions to test revenue using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over revenue because the firm's other procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .17 .23 and .23A) Triennially Inspected 5036 Assurance Dimensions 2023 United States 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 23A The firm selected transactions to test revenue using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over revenue because the firm's other procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .17 .23 and .23A) Triennially Inspected 5036 Assurance Dimensions 2023 United States 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Operating Expenses 2 AS 2301 8 The firm did not perform any substantive procedures to test certain operating expenses. (AS 2301.08) Triennially Inspected 5036 Assurance Dimensions 2023 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 1 AS 2401 61 The firm obtained the issuer's population of journal entries for certain subsidiaries and used it to identify journal entries that met a subset of its fraud criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to one journal entry without having an appropriate rationale for limiting its testing to that journal entry. (AS 2401.61) Triennially Inspected 5036 Assurance Dimensions 2023 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm obtained the issuer's population of journal entries for certain subsidiaries and used it to identify journal entries that met a subset of its fraud criteria. The firm did not perform procedures to identify journal entries and other adjustments that met its other fraud criteria and test those journal entries and adjustments that met these criteria. (AS 2401.61) Triennially Inspected 5036 Assurance Dimensions 2023 United States 2024-02-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 For the subsidiaries not included in the journal entry population described above the firm did not perform any procedures to identify and select journal entries and other adjustments for testing without having an appropriate basis for excluding those subsidiaries. (AS 2401.61) Triennially Inspected 6642 Antares Professional Corporation 2023 Canada 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1105 A8a The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired certain businesses and engaged a specialist to assist in determining the fair value of consideration for the acquisitions and certain acquired assets. The firm used an auditor-engaged specialist to assist it with testing the fair value of the consideration for the acquisitions. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform procedures to evaluate the relevance of certain external data the company's specialist used to develop significant assumptions. (AS 1105.A8a; AS 1210.09 and .12) Triennially Inspected 6642 Antares Professional Corporation 2023 Canada 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1210 9 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired certain businesses and engaged a specialist to assist in determining the fair value of consideration for the acquisitions and certain acquired assets. The firm used an auditor-engaged specialist to assist it with testing the fair value of the consideration for the acquisitions. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform procedures to evaluate the relevance of certain external data the company's specialist used to develop significant assumptions. (AS 1105.A8a; AS 1210.09 and .12) Triennially Inspected 6642 Antares Professional Corporation 2023 Canada 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1210 12 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired certain businesses and engaged a specialist to assist in determining the fair value of consideration for the acquisitions and certain acquired assets. The firm used an auditor-engaged specialist to assist it with testing the fair value of the consideration for the acquisitions. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform procedures to evaluate the relevance of certain external data the company's specialist used to develop significant assumptions. (AS 1105.A8a; AS 1210.09 and .12) Triennially Inspected 6642 Antares Professional Corporation 2023 Canada 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8b The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired certain businesses and engaged a specialist to assist in determining the fair value of consideration for the acquisitions and certain acquired assets. The firm used an auditor-engaged specialist to assist it with testing the fair value of the consideration for the acquisitions. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions because it limited its procedures to evaluating the consistency of the assumptions with industry information. Further the firm did not evaluate significant differences between the assumptions and the industry information. (AS 1105.A8b) Triennially Inspected 6642 Antares Professional Corporation 2023 Canada 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Fraud Risk 3 AS 2310 31 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm sent positive confirmation requests to certain customers. The following deficiencies were identified: · The firm did not perform alternative procedures for certain positive confirmation requests for which it did not receive a response. (AS 2310.31) Unrelated to our review the issuer reevaluated its accounting for accounts receivable and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6642 Antares Professional Corporation 2023 Canada 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2310 33 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm sent positive confirmation requests to certain customers. The following deficiencies were identified: · For certain confirmations that were returned with exceptions the firm did not evaluate the nature of those exceptions. Further for certain other confirmations that were returned with exceptions the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that recorded amounts of accounts receivable existed and were accurate at the confirmation date. (AS 2310.33) Unrelated to our review the issuer reevaluated its accounting for accounts receivable and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6642 Antares Professional Corporation 2023 Canada 2024-02-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 61 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its procedures to those journal entries. Further the firm did not examine the underlying support for the selected journal entries and instead limited its procedures to obtaining the details of the journal entries reading the journal entry descriptions and/or inquiring of management. (AS 2401.61) Triennially Inspected 41 RubinBrown LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 The firm identified characteristics of potentially fraudulent entries or adjustments for testing but did not determine whether any journal entries met those characteristics and instead limited its testing to haphazardly selected journal entries. (AS 2401.61) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 42 The issuer used certain qualitative factors to determine the qualitative component of the ALL. The firm selected for testing a review control over certain data used in the calculation of the qualitative reserve. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 44 The issuer used certain qualitative factors to determine the qualitative component of the ALL. The firm selected for testing a review control over certain data used in the calculation of the qualitative reserve. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2201 42 Loan risk grades were an important input in estimating the issuer's ALL. The firm selected for testing a control designed to validate loan risk grades assigned by the issuer to certain categories of loans. The control included the review of loan risk grades by the issuer's external loan reviewer (ELR). The following deficiencies were identified: · The firm did not evaluate the review procedures that the control owners performed to evaluate the appropriateness of the issuer's loan grades. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2201 44 Loan risk grades were an important input in estimating the issuer's ALL. The firm selected for testing a control designed to validate loan risk grades assigned by the issuer to certain categories of loans. The control included the review of loan risk grades by the issuer's external loan reviewer (ELR). The following deficiencies were identified: · The firm did not evaluate the review procedures that the control owners performed to evaluate the appropriateness of the issuer's loan grades. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 3 AS 2201 39 Loan risk grades were an important input in estimating the issuer's ALL. The firm selected for testing a control designed to validate loan risk grades assigned by the issuer to certain categories of loans. The control included the review of loan risk grades by the issuer's external loan reviewer (ELR). The following deficiencies were identified: · The ELR reviewed loan risk grades as of an interim date. The firm did not identify and test any controls over the loans that were subject to review by the ELR from the interim date to the issuer's year end. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2201 39 Loan risk grades were an important input in estimating the issuer's ALL. The firm selected for testing a control designed to validate loan risk grades assigned by the issuer to certain categories of loans. The control included the review of loan risk grades by the issuer's external loan reviewer (ELR). The following deficiencies were identified: · The firm did not identify and test any controls over the reasonableness of loan risk grades for loans that were not subject to this control. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 5 AS 2201 42 On a periodic basis the issuer evaluates potential problem loans. The firm selected for testing a control that included the review of potential problem loans. The following deficiencies were identified: · The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 5 AS 2201 44 On a periodic basis the issuer evaluates potential problem loans. The firm selected for testing a control that included the review of potential problem loans. The following deficiencies were identified: · The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2201 39 On a periodic basis the issuer evaluates potential problem loans. The firm selected for testing a control that included the review of potential problem loans. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of reports used by the control owners. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 7 AS 2201 39 The issuer's ALL included loans individually evaluated for impairment. The firm did not identify and test any controls over the reasonableness of the fair value of the collateral used in the loan impairment calculation for certain individually evaluated loans. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 8 AS 2501 16 The firm's approach for substantively testing the qualitative component of the ALL was to review and test the issuer's process. The firm did not perform procedures to evaluate whether the issuer had a reasonable basis for the significant assumptions related to basis point qualitative factors used to determine the qualitative component of the ALL beyond obtaining and reading an issuer-prepared narrative. (AS 2501.16) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 9 AS 1105 4 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because although it determined it needed additional evidence for valuation reports that were significantly aged it limited its procedures to inquiry and obtaining information from external sources without evaluating the relevance and reliability of that information. (AS 1105.04 .06 and .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 9 AS 1105 6 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because although it determined it needed additional evidence for valuation reports that were significantly aged it limited its procedures to inquiry and obtaining information from external sources without evaluating the relevance and reliability of that information. (AS 1105.04 .06 and .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 9 AS 1105 A10 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because although it determined it needed additional evidence for valuation reports that were significantly aged it limited its procedures to inquiry and obtaining information from external sources without evaluating the relevance and reliability of that information. (AS 1105.04 .06 and .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 9 AS 2501 7 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because although it determined it needed additional evidence for valuation reports that were significantly aged it limited its procedures to inquiry and obtaining information from external sources without evaluating the relevance and reliability of that information. (AS 1105.04 .06 and .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 1105 A1 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 1105 A10 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 1105 A2 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 1105 A3 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 1105 A4 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 1105 A5 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 1105 A6 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 1105 A7 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 1105 A8 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 1105 A9 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 2501 7 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the fair value of collateral based on the company's specialists' valuation reports that it selected for testing because it did not perform further procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 11 AS 2501 22 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm's approach to test the fair value of the collateral based on the issuer's internal model it selected for testing was to develop an independent expectation. The firm did not perform any procedures to demonstrate it had a reasonable basis for the assumptions used (AS 2501.22) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 12 AS 1105 4 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm's approach to test the fair value of the collateral based on the issuer's internal model it selected for testing was to develop an independent expectation. The firm did not perform any procedures to evaluate the relevance and reliability of certain information it obtained from an external source that it used to develop its independent expectation. (AS 1105.04 and .06) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 12 AS 1105 6 The issuer also reported a component of the ALL related to loans individually evaluated for impairment of which certain loans were considered collateral dependent and the impairment was determined based on the fair value of the collateral less estimated costs to sell. The issuer engaged a specialist to determine the fair value of certain collateral and for the remaining collateral the issuer used an automated valuation model to determine the fair value. The following deficiencies were identified: · The firm's approach to test the fair value of the collateral based on the issuer's internal model it selected for testing was to develop an independent expectation. The firm did not perform any procedures to evaluate the relevance and reliability of certain information it obtained from an external source that it used to develop its independent expectation. (AS 1105.04 and .06) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 13 AS 2201 39 The issuer's deposit liability transactions included certain deposits processed through information systems that were outside of the issuer's core deposit liability system. The firm did not identify and test any controls over deposit transactions initiated outside of the issuer's core deposit system. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 14 AS 2201 42 The firm selected for testing a control over deposit liability reconciliations. The firm did not evaluate the specific review procedures that the control owners performed to determine whether reconciling items were appropriately resolved. (AS 2201.42 and 44) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 14 AS 2201 44 The firm selected for testing a control over deposit liability reconciliations. The firm did not evaluate the specific review procedures that the control owners performed to determine whether reconciling items were appropriately resolved. (AS 2201.42 and 44) Triennially Inspected 286 Eide Bailly LLP 2023 United States 2024-01-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 15 AS 2401 61 The firm identified journal entries that met certain fraud criteria. The firm judgmentally selected certain of those journal entries for testing without having an appropriate basis for limiting its testing to these journal entries. Further for journal entries meeting one of the identified fraud criteria the firm did not select any of the entries for testing. (AS 2401.61) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 1105 4 The issuer recognized revenue from different sources. For one source of revenue the following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of external information it used to test revenue and accounts receivable. (AS 1105.04 and .06) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 1105 6 The issuer recognized revenue from different sources. For one source of revenue the following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of external information it used to test revenue and accounts receivable. (AS 1105.04 and .06) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2501 7 The issuer recognized revenue from different sources. For one source of revenue the following deficiencies were identified: · The firm did not perform any procedures to test an estimate related to revenue. (AS 2501.07) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2301 8 The issuer recognized revenue from different sources. For one source of revenue the following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer was acting as either a principal or agent for certain revenue. (AS 2301.08 and .13) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2301 13 The issuer recognized revenue from different sources. For one source of revenue the following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer was acting as either a principal or agent for certain revenue. (AS 2301.08 and .13) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2501 7 The issuer recognized revenue from different sources. For one source of revenue the following deficiencies were identified: · The firm did not perform any substantive procedures to test the allowance for doubtful accounts. (AS 2501.07) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 1105 10 For another source of revenue the firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of a system-generated report it used to test the issuer's satisfaction of a performance obligation. (AS 1105.10) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2301 41 The firm did not perform any substantive procedures to examine material adjustments the issuer made to both sources of revenue during the course of preparing the financial statements. (AS 2301.41) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2501 7 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not test the fair value of shares transferred to the sellers as part of the consideration related to the business combination. (AS 2501.07) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 2301 8 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not evaluate whether the issuer should have recognized certain intangible assets acquired. (AS 2301.08) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 9 AS 2501 7 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not test the fair value of contingent consideration at the acquisition date and yearend. (AS 2501.07) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 2810 30 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 2810 31 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 11 AS 1105 4 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reliability of external information used to test accounts receivable at the acquisition date. (AS 1105.04 and .06) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 11 AS 1105 6 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reliability of external information used to test accounts receivable at the acquisition date. (AS 1105.04 and .06) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 12 AS 2501 7 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of accounts receivable at the acquisition date beyond observing the subsequent collection rate through year-end. (AS 2501.07) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 13 AS 2315 16 During the year the issuer acquired a business. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test accounts receivable at the acquisition date was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 13 AS 2315 23 During the year the issuer acquired a business. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test accounts receivable at the acquisition date was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 13 AS 2315 23A During the year the issuer acquired a business. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test accounts receivable at the acquisition date was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 14 AS 2301 8 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to test the completeness of accrued liabilities at the acquisition date. (AS 2301.08) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any substantive procedures to test whether the issuer satisfied its performance obligations before revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any substantive procedures to test whether the issuer satisfied its performance obligations before revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 606 Grassi & Co., CPAs, P.C. 2023 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2023 Peru PricewaterhouseCoopers International Limited 2023-12-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The issuer determined the fair value of investment securities using a price vector which was based on prices obtained from multiple pricing vendors. The firm obtained the service auditor's report for the issuer's primary pricing vendor ('service auditor's report') which contained a qualified opinion due to certain control deficiencies identified by the service auditor. The following deficiencies were identified with respect to the firm's testing of controls related to investment securities: · The firm identified and selected for testing a complementary user entity control (CUEC) over the valuation of investment securities that the service auditor's report described as necessary. The CEUC consisted of the issuer's review of the reasonableness of certain investment prices in the price vector. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the price differences identified for further investigation to conclude on the reasonableness of the price vector. (AS 2201.42 .44 and .B22) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2023 Peru PricewaterhouseCoopers International Limited 2023-12-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The issuer determined the fair value of investment securities using a price vector which was based on prices obtained from multiple pricing vendors. The firm obtained the service auditor's report for the issuer's primary pricing vendor ('service auditor's report') which contained a qualified opinion due to certain control deficiencies identified by the service auditor. The following deficiencies were identified with respect to the firm's testing of controls related to investment securities: · The firm identified and selected for testing a complementary user entity control (CUEC) over the valuation of investment securities that the service auditor's report described as necessary. The CEUC consisted of the issuer's review of the reasonableness of certain investment prices in the price vector. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the price differences identified for further investigation to conclude on the reasonableness of the price vector. (AS 2201.42 .44 and .B22) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2023 Peru PricewaterhouseCoopers International Limited 2023-12-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 B22 The issuer determined the fair value of investment securities using a price vector which was based on prices obtained from multiple pricing vendors. The firm obtained the service auditor's report for the issuer's primary pricing vendor ('service auditor's report') which contained a qualified opinion due to certain control deficiencies identified by the service auditor. The following deficiencies were identified with respect to the firm's testing of controls related to investment securities: · The firm identified and selected for testing a complementary user entity control (CUEC) over the valuation of investment securities that the service auditor's report described as necessary. The CEUC consisted of the issuer's review of the reasonableness of certain investment prices in the price vector. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the price differences identified for further investigation to conclude on the reasonableness of the price vector. (AS 2201.42 .44 and .B22) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2023 Peru PricewaterhouseCoopers International Limited 2023-12-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investment Securities 2 AS 2201 42 The issuer determined the fair value of investment securities using a price vector which was based on prices obtained from multiple pricing vendors. The firm obtained the service auditor's report for the issuer's primary pricing vendor ('service auditor's report') which contained a qualified opinion due to certain control deficiencies identified by the service auditor. The following deficiencies were identified with respect to the firm's testing of controls related to investment securities: · The firm selected for testing another control over the valuation of investment securities that consisted of the issuer's review of the daily variation of certain prices in the price vector. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the price variances identified for further investigation to conclude on the reasonableness of the price vector. (AS 2201.42 and .44) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2023 Peru PricewaterhouseCoopers International Limited 2023-12-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investment Securities 2 AS 2201 44 The issuer determined the fair value of investment securities using a price vector which was based on prices obtained from multiple pricing vendors. The firm obtained the service auditor's report for the issuer's primary pricing vendor ('service auditor's report') which contained a qualified opinion due to certain control deficiencies identified by the service auditor. The following deficiencies were identified with respect to the firm's testing of controls related to investment securities: · The firm selected for testing another control over the valuation of investment securities that consisted of the issuer's review of the daily variation of certain prices in the price vector. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the price variances identified for further investigation to conclude on the reasonableness of the price vector. (AS 2201.42 and .44) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2023 Peru PricewaterhouseCoopers International Limited 2023-12-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investment Securities 3 AS 2201 42 The issuer determined the fair value of investment securities using a price vector which was based on prices obtained from multiple pricing vendors. The firm obtained the service auditor's report for the issuer's primary pricing vendor ('service auditor's report') which contained a qualified opinion due to certain control deficiencies identified by the service auditor. The following deficiencies were identified with respect to the firm's testing of controls related to investment securities: · The firm selected for testing another control over the valuation of investment securities that consisted of the issuer's review of the service auditor's report to evaluate the vendor's controls and their effects on the services provided to the issuer. The firm did not evaluate the specific review procedures that the control owner performed to determine the effects of the qualified opinion in the service auditor's report and the reliability of the prices provided by the vendor. (AS 2201.42 and .44) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2023 Peru PricewaterhouseCoopers International Limited 2023-12-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investment Securities 3 AS 2201 44 The issuer determined the fair value of investment securities using a price vector which was based on prices obtained from multiple pricing vendors. The firm obtained the service auditor's report for the issuer's primary pricing vendor ('service auditor's report') which contained a qualified opinion due to certain control deficiencies identified by the service auditor. The following deficiencies were identified with respect to the firm's testing of controls related to investment securities: · The firm selected for testing another control over the valuation of investment securities that consisted of the issuer's review of the service auditor's report to evaluate the vendor's controls and their effects on the services provided to the issuer. The firm did not evaluate the specific review procedures that the control owner performed to determine the effects of the qualified opinion in the service auditor's report and the reliability of the prices provided by the vendor. (AS 2201.42 and .44) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform sufficient procedures to test certain revenue because it did not evaluate whether (i) the agreement was a modification to an existing contract or whether it was appropriate to account for it as a separate contract and (ii) certain payments received from an external party represented consideration payable to a customer. Further the firm did not sufficiently evaluate whether the timing of revenue recognition was appropriate because it did not evaluate certain information that indicated the issuer (i) may not be entitled to any consideration and (ii) had not satisfied the performance obligation. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform sufficient procedures to test certain revenue because it did not evaluate whether (i) the agreement was a modification to an existing contract or whether it was appropriate to account for it as a separate contract and (ii) certain payments received from an external party represented consideration payable to a customer. Further the firm did not sufficiently evaluate whether the timing of revenue recognition was appropriate because it did not evaluate certain information that indicated the issuer (i) may not be entitled to any consideration and (ii) had not satisfied the performance obligation. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 3 The firm did not perform sufficient procedures to test certain revenue because it did not evaluate whether (i) the agreement was a modification to an existing contract or whether it was appropriate to account for it as a separate contract and (ii) certain payments received from an external party represented consideration payable to a customer. Further the firm did not sufficiently evaluate whether the timing of revenue recognition was appropriate because it did not evaluate certain information that indicated the issuer (i) may not be entitled to any consideration and (ii) had not satisfied the performance obligation. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm selected a sample of transactions to test certain other revenue. The firm did not perform any substantive procedures to test the transfer of control for these transactions. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm selected a sample of transactions to test certain other revenue. The firm did not perform any substantive procedures to test the transfer of control for these transactions. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2401 67 The firm did not evaluate the business purpose (or lack thereof) of certain revenue and revenue-related transactions including whether they may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets given certain facts regarding the transactions. (AS 2401.67) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's incorrect presentation of an asset as a long-lived asset on the balance sheet. (AS 2810.30 and .31) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's incorrect presentation of an asset as a long-lived asset on the balance sheet. (AS 2810.30 and .31) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2301 8 For certain long-lived assets the firm did not perform any procedures to evaluate whether the assets were impaired. (AS 2301.08 and .11) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2301 11 For certain long-lived assets the firm did not perform any procedures to evaluate whether the assets were impaired. (AS 2301.08 and .11) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 4 For certain other long-lived assets the firm did not perform sufficient procedures to evaluate whether there were impairment indicators because it limited its procedures to inquiry of management and using market data without evaluating the relevance and reliability of this data. Further the firm did not perform any procedures to address contrary evidence of which it was aware. (AS 2301.08 and .11; AS 1105.04 and .06; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 6 For certain other long-lived assets the firm did not perform sufficient procedures to evaluate whether there were impairment indicators because it limited its procedures to inquiry of management and using market data without evaluating the relevance and reliability of this data. Further the firm did not perform any procedures to address contrary evidence of which it was aware. (AS 2301.08 and .11; AS 1105.04 and .06; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 2301 8 For certain other long-lived assets the firm did not perform sufficient procedures to evaluate whether there were impairment indicators because it limited its procedures to inquiry of management and using market data without evaluating the relevance and reliability of this data. Further the firm did not perform any procedures to address contrary evidence of which it was aware. (AS 2301.08 and .11; AS 1105.04 and .06; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 2301 11 For certain other long-lived assets the firm did not perform sufficient procedures to evaluate whether there were impairment indicators because it limited its procedures to inquiry of management and using market data without evaluating the relevance and reliability of this data. Further the firm did not perform any procedures to address contrary evidence of which it was aware. (AS 2301.08 and .11; AS 1105.04 and .06; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 2810 3 For certain other long-lived assets the firm did not perform sufficient procedures to evaluate whether there were impairment indicators because it limited its procedures to inquiry of management and using market data without evaluating the relevance and reliability of this data. Further the firm did not perform any procedures to address contrary evidence of which it was aware. (AS 2301.08 and .11; AS 1105.04 and .06; AS 2810.03) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 1105 A8b The issuer engaged an external specialist to assist in the valuation of certain other long-lived assets. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 1105 4 The issuer engaged an external specialist to assist in the valuation of certain other long-lived assets. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it limited its procedures to comparing the assumption to various external information. Further the firm did not evaluate the relevance and reliability of the information. (AS 1105.04 .06 and .A8b) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 1105 6 The issuer engaged an external specialist to assist in the valuation of certain other long-lived assets. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it limited its procedures to comparing the assumption to various external information. Further the firm did not evaluate the relevance and reliability of the information. (AS 1105.04 .06 and .A8b) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 1105 A8b The issuer engaged an external specialist to assist in the valuation of certain other long-lived assets. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it limited its procedures to comparing the assumption to various external information. Further the firm did not evaluate the relevance and reliability of the information. (AS 1105.04 .06 and .A8b) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A8a The issuer engaged an external specialist to assist in the valuation of certain other long-lived assets. The following deficiencies were identified: · The firm did not test the accuracy and completeness of the data provided by the issuer to the specialist beyond comparing the data to other issuer provided information. (AS 1105.A8a) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1105 A9 The issuer engaged an external specialist to assist in the valuation of certain other long-lived assets. The following deficiencies were identified: · The firm did not perform procedures to evaluate the relevance and reliability of the company's specialist valuation report and whether the specialist's findings support or contradict the valuation of certain long-lived assets because it did not identify and evaluate that the valuation report was prepared to assess valuation at a date other than year end. (AS 1105.A9) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 11 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's inaccurate disclosure related to the accounting for and presentation and disclosure of impairment. (AS 2810.30 and .31) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 11 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's inaccurate disclosure related to the accounting for and presentation and disclosure of impairment. (AS 2810.30 and .31) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 12 AS 2810 30 The issuer capitalized interest related to certain projects. The firm did not identify and evaluate departures from GAAP related to the issuer's capitalization of interest for one project that was substantially complete and ready for its intended use and for another project for which activities necessary to get the asset ready for its intended use were not in progress in accordance with FASB ASC Topic 835 Interest. (AS 2810.30) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Disclosure 13 AS 2301 8 The firm did not perform any procedures to test a significant disclosure. (AS 2301.08) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform sufficient procedures to test certain revenue because the firm did not evaluate (i) whether the sales contracts included multiple performance obligations and (ii) whether revenue was recognized after the point in time at which control was transferred to the customer. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform sufficient procedures to test certain revenue because the firm did not evaluate (i) whether the sales contracts included multiple performance obligations and (ii) whether revenue was recognized after the point in time at which control was transferred to the customer. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform any procedures to evaluate whether the issuer's sales contracts met the criteria for application of the practical expedient relating to the remaining performance obligations disclosure. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform any procedures to evaluate whether the issuer's sales contracts met the criteria for application of the practical expedient relating to the remaining performance obligations disclosure. (AS 2301.08 and .13) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 3 AS 2301 8 The issuer held a majority ownership in a limited partnership and reported the valuation of this investment based on investee financial results including audited financial statements that were prepared using different accounting principles. The following deficiencies were identified: · The firm did not evaluate whether the issuer's accounting for this investment was appropriate. (AS 2301.08 and .11) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 3 AS 2301 11 The issuer held a majority ownership in a limited partnership and reported the valuation of this investment based on investee financial results including audited financial statements that were prepared using different accounting principles. The following deficiencies were identified: · The firm did not evaluate whether the issuer's accounting for this investment was appropriate. (AS 2301.08 and .11) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 4 AS 1105 B1 The issuer held a majority ownership in a limited partnership and reported the valuation of this investment based on investee financial results including audited financial statements that were prepared using different accounting principles. The following deficiencies were identified: · The firm did not obtain sufficient appropriate audit evidence for the investee's financial statements prepared using different accounting principles because it did not perform procedures to obtain evidence related to significant differences in accounting principles. (AS 1105.B1 and .B2) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 4 AS 1105 B2 The issuer held a majority ownership in a limited partnership and reported the valuation of this investment based on investee financial results including audited financial statements that were prepared using different accounting principles. The following deficiencies were identified: · The firm did not obtain sufficient appropriate audit evidence for the investee's financial statements prepared using different accounting principles because it did not perform procedures to obtain evidence related to significant differences in accounting principles. (AS 1105.B1 and .B2) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 5 AS 2810 30 The issuer held a majority ownership in a limited partnership and reported the valuation of this investment based on investee financial results including audited financial statements that were prepared using different accounting principles. The following deficiencies were identified: · The firm did not identify and evaluate departures from GAAP related to this investment. (AS 2810.30 and .31) Triennially Inspected 2388 Wei, Wei & Co., LLP 2022 United States 2023-12-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Significant Risk 5 AS 2810 31 The issuer held a majority ownership in a limited partnership and reported the valuation of this investment based on investee financial results including audited financial statements that were prepared using different accounting principles. The following deficiencies were identified: · The firm did not identify and evaluate departures from GAAP related to this investment. (AS 2810.30 and .31) Triennially Inspected 6686 PWR CPA LLP 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2301 8 The issuer identified certain impairment indicators and performed an assessment of intangible assets for impairment at year-end. The firm did not perform sufficient substantive procedures to evaluate the issuer's conclusions regarding these potential indicators of impairment as its procedures were limited to inquiry of management reading a memorandum and other information prepared by the issuer reviewing unsigned memoranda of understanding related to the intangible assets and obtaining legal confirmations regarding any potential litigation related to the intangible assets. Further although the firm identified a potential indicator that was excluded from the issuer's assessment the firm inappropriately concluded that it was not applicable and did not evaluate how the issuer considered it in its assessment. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6686 PWR CPA LLP 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2301 11 The issuer identified certain impairment indicators and performed an assessment of intangible assets for impairment at year-end. The firm did not perform sufficient substantive procedures to evaluate the issuer's conclusions regarding these potential indicators of impairment as its procedures were limited to inquiry of management reading a memorandum and other information prepared by the issuer reviewing unsigned memoranda of understanding related to the intangible assets and obtaining legal confirmations regarding any potential litigation related to the intangible assets. Further although the firm identified a potential indicator that was excluded from the issuer's assessment the firm inappropriately concluded that it was not applicable and did not evaluate how the issuer considered it in its assessment. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6686 PWR CPA LLP 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2810 3 The issuer identified certain impairment indicators and performed an assessment of intangible assets for impairment at year-end. The firm did not perform sufficient substantive procedures to evaluate the issuer's conclusions regarding these potential indicators of impairment as its procedures were limited to inquiry of management reading a memorandum and other information prepared by the issuer reviewing unsigned memoranda of understanding related to the intangible assets and obtaining legal confirmations regarding any potential litigation related to the intangible assets. Further although the firm identified a potential indicator that was excluded from the issuer's assessment the firm inappropriately concluded that it was not applicable and did not evaluate how the issuer considered it in its assessment. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6686 PWR CPA LLP 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 2410 17 The firm did not identify and evaluate departures from GAAP related to the issuer's related party transactions. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6686 PWR CPA LLP 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's related party transactions. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6686 PWR CPA LLP 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's related party transactions. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6686 PWR CPA LLP 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 The firm did not consider the characteristics of potentially fraudulent journal entries when identifying and selecting journal entries for testing at one of the issuer's components and instead haphazardly selected entries for testing. Further the firm did not perform sufficient procedures to test certain of the selected journal entries because it did not examine the underlying support for the entries and limited its procedures to inquiry of management for one of these entries. (AS 2401.61) Triennially Inspected 6686 PWR CPA LLP 2023 United States 2023-12-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing at another one of the issuer's components without having an appropriate rationale for excluding that component. (AS 2401.61) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 4 During the year the issuer acquired multiple businesses and determined the fair values of certain acquired intangible assets using forecasted cash flows and related assumptions. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process. With respect to three of the acquired businesses the following deficiency identified: · The firm's procedures to evaluate the reasonableness of the forecasted revenue growth rates for the first two years of the forecast period consisted of comparing these rates to forecasted industry data and historical financial information of the acquired businesses. For two of the acquired businesses the firm did not perform any procedures to evaluate the reliability of the historical financial information. (AS 1105.04 and .06) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 6 During the year the issuer acquired multiple businesses and determined the fair values of certain acquired intangible assets using forecasted cash flows and related assumptions. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process. With respect to three of the acquired businesses the following deficiency identified: · The firm's procedures to evaluate the reasonableness of the forecasted revenue growth rates for the first two years of the forecast period consisted of comparing these rates to forecasted industry data and historical financial information of the acquired businesses. For two of the acquired businesses the firm did not perform any procedures to evaluate the reliability of the historical financial information. (AS 1105.04 and .06) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2501 16 During the year the issuer acquired multiple businesses and determined the fair values of certain acquired intangible assets using forecasted cash flows and related assumptions. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process. With respect to three of the acquired businesses the following deficiency identified: · The firm's procedures to evaluate the reasonableness of the forecasted revenue growth rates for the first two years of the forecast period consisted of comparing these rates to forecasted industry data and historical financial information of the acquired businesses. For one of the acquired businesses the firm did not evaluate a significant difference between the industry data and the issuer's forecasted revenue growth rate for the second year of the forecast period. (AS 2501.16). Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2501 16 During the year the issuer acquired multiple businesses and determined the fair values of certain acquired intangible assets using forecasted cash flows and related assumptions. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process. With respect to three of the acquired businesses the following deficiency identified: · For all three acquired businesses the firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of the revenue growth rates for the remaining years of the forecasted period and another significant assumption. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2301 8 During the year the issuer acquired multiple businesses and determined the fair values of certain acquired intangible assets using forecasted cash flows and related assumptions. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process. With respect to three of the acquired businesses the following deficiency identified: · For certain of the acquired businesses the firm did not perform any substantive procedures to test certain other assets acquired and liabilities assumed. (AS 2301.08; AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2501 7 During the year the issuer acquired multiple businesses and determined the fair values of certain acquired intangible assets using forecasted cash flows and related assumptions. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process. With respect to three of the acquired businesses the following deficiency identified: · For certain of the acquired businesses the firm did not perform any substantive procedures to test certain other assets acquired and liabilities assumed. (AS 2301.08; AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 5 AS 2301 8 During the year the issuer acquired multiple businesses and determined the fair values of certain acquired intangible assets using forecasted cash flows and related assumptions. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process. With respect to another acquired business the following deficiency was identified: · The issuer initially recorded a liability for contingent consideration related to this acquired business but reclassified this contingent consideration from a liability to equity prior to year end. The firm did not sufficiently evaluate whether this reclassification was appropriate because its procedures were limited to inquiring of management and reading a memorandum prepared by the issuer. (AS 2301.08) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 6 AS 2501 7 During the year the issuer acquired multiple businesses and determined the fair values of certain acquired intangible assets using forecasted cash flows and related assumptions. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process. With respect to another acquired business the following deficiency was identified: · The issuer assumed liabilities related to warrants as a result of this acquisition and recorded a gain related to the change in the fair values of these liabilities between the acquisition date and year end. The firm did not sufficiently test this gain because it did not perform any procedures to evaluate the reasonableness of the fair values of these liabilities recorded at the acquisition date. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 2810 30 During the year the issuer acquired multiple businesses and determined the fair values of certain acquired intangible assets using forecasted cash flows and related assumptions. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process. With respect to another acquired business the following deficiency was identified: · The firm did not identify and evaluate a misstatement in the issuer's disclosure related to the valuation of the acquired net assets that was required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 2810 31 During the year the issuer acquired multiple businesses and determined the fair values of certain acquired intangible assets using forecasted cash flows and related assumptions. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process. With respect to another acquired business the following deficiency was identified: · The firm did not identify and evaluate a misstatement in the issuer's disclosure related to the valuation of the acquired net assets that was required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 8 AS 1105 4 The issuer used information it obtained from an external party to record revenue for services provided to its customers. The firm obtained this information from the issuer and used it in its substantive procedures to test this revenue but did not perform any procedures to evaluate the reliability of the information beyond validating that the issuer had not made any changes to the information after obtaining it from the external party. (AS 1105.04 and .06) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 8 AS 1105 6 The issuer used information it obtained from an external party to record revenue for services provided to its customers. The firm obtained this information from the issuer and used it in its substantive procedures to test this revenue but did not perform any procedures to evaluate the reliability of the information beyond validating that the issuer had not made any changes to the information after obtaining it from the external party. (AS 1105.04 and .06) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 9 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a list of all journal entries that met the criteria. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2501 7 During the year the issuer acquired a business. The issuer assumed a liability related to warrants as a result of this acquisition and engaged a specialist to determine the fair values of these warrants. The firm did not perform any procedures to test the fair values of the warrants beyond reading the specialist's report. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2810 30 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2810 31 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 2501 16 During the year the issuer acquired multiple other businesses. The issuer engaged specialists to determine the fair values of the acquired intangible assets using forecasted cash flows provided by the issuer and related assumptions developed by the specialists. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions that the company's specialists used. The following deficiency was identified: · The firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of certain significant assumptions developed by the issuer for periods beyond the first year of the forecasted cash flows. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1105 A8b During the year the issuer acquired multiple other businesses. The issuer engaged specialists to determine the fair values of the acquired intangible assets using forecasted cash flows provided by the issuer and related assumptions developed by the specialists. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions that the company's specialists used. The following deficiency was identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialists because its procedures were limited to inquiring of management and reading an issuer-prepared memorandum and the valuation reports that were prepared by the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1201 C6 During the year the issuer acquired multiple other businesses. The issuer engaged specialists to determine the fair values of the acquired intangible assets using forecasted cash flows provided by the issuer and related assumptions developed by the specialists. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions that the company's specialists used. The following deficiency was identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialists because its procedures were limited to inquiring of management and reading an issuer-prepared memorandum and the valuation reports that were prepared by the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1201 C7 During the year the issuer acquired multiple other businesses. The issuer engaged specialists to determine the fair values of the acquired intangible assets using forecasted cash flows provided by the issuer and related assumptions developed by the specialists. The firm's approach for substantively testing the fair values of the acquired intangible assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions that the company's specialists used. The following deficiency was identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialists because its procedures were limited to inquiring of management and reading an issuer-prepared memorandum and the valuation reports that were prepared by the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 The issuer recorded certain revenue based on data in an electronic environment that were tracked and provided by a service organization. The firm used certain information produced by this service organization in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 13 The issuer recorded certain revenue based on data in an electronic environment that were tracked and provided by a service organization. The firm used certain information produced by this service organization in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a list of all journal entries that met the criteria. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1201 C6 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. During the year the issuer acquired multiple businesses and engaged a specialist to determine the fair value of the acquired intangible assets for each acquisition. The firm's approach for substantively testing the fair value of the acquired intangible assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions that the company's specialist used including the forecasted cash flows developed by the issuer. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the reasonableness of the forecasted cash flows. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1201 C7 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. During the year the issuer acquired multiple businesses and engaged a specialist to determine the fair value of the acquired intangible assets for each acquisition. The firm's approach for substantively testing the fair value of the acquired intangible assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions that the company's specialist used including the forecasted cash flows developed by the issuer. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the reasonableness of the forecasted cash flows. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. During the year the issuer acquired multiple businesses and engaged a specialist to determine the fair value of the acquired intangible assets for each acquisition. The firm's approach for substantively testing the fair value of the acquired intangible assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions that the company's specialist used including the forecasted cash flows developed by the issuer. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the reasonableness of the forecasted cash flows. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. For two of the acquired businesses the firm did not perform any procedures to test the remaining assets acquired and liabilities assumed. (AS 2301.08; AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2501 7 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. For two of the acquired businesses the firm did not perform any procedures to test the remaining assets acquired and liabilities assumed. (AS 2301.08; AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The firm did not perform any procedures to evaluate whether the issuer's contracts with its customers included any terms that could have had an effect on revenue recognition. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The firm did not perform any procedures to evaluate whether the issuer's contracts with its customers included any terms that could have had an effect on revenue recognition. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Expenses 4 AS 2315 16 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The firm's sample for testing expenses related to share-based compensation was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Expenses 4 AS 2315 19 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The firm's sample for testing expenses related to share-based compensation was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Expenses 4 AS 2315 23 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The firm's sample for testing expenses related to share-based compensation was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Expenses 4 AS 2315 23A The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The firm's sample for testing expenses related to share-based compensation was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Expenses 5 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The firm did not perform any procedures to test certain other expenses beyond (1) comparing the current-year balance to the prior-year balance and (2) tracing certain balances in the general ledger to issuer-prepared reports. (AS 2301.08) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2201 42 The firm selected for testing a control that included a review of the forecasted cash flows and related assumptions that the issuer used in its assessment of its intangible assets for impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the cash flows and related assumptions. (AS 2201.42 and .44) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2201 44 The firm selected for testing a control that included a review of the forecasted cash flows and related assumptions that the issuer used in its assessment of its intangible assets for impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the cash flows and related assumptions. (AS 2201.42 and .44) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 2501 16 The firm's approach for substantively testing these intangible assets for possible impairment was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of the issuer's forecasted cash flows beyond reading an issuer-prepared memorandum. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm selected for testing controls over the existence of certain inventory held by external parties that the issuer used to manufacture its products. The firm did not identify and test any controls over the accuracy and completeness of the reports that the issuer obtained from the external parties and used in the operation of these controls. (AS 2201.39) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a list of all journal entries that met the criteria. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1105 A8a The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions that the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not (1) sufficiently evaluate whether the methods that the company's specialist used were appropriate because it did not evaluate whether the data and significant assumptions used were appropriately applied (2) evaluate whether certain significant assumptions developed by the company's specialist were consistent with other relevant information and whether external data that the company's specialist used to develop one of these significant assumptions were relevant and reliable and (3) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company and used by the company's specialist. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1105 A8b The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions that the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not (1) sufficiently evaluate whether the methods that the company's specialist used were appropriate because it did not evaluate whether the data and significant assumptions used were appropriately applied (2) evaluate whether certain significant assumptions developed by the company's specialist were consistent with other relevant information and whether external data that the company's specialist used to develop one of these significant assumptions were relevant and reliable and (3) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company and used by the company's specialist. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1105 A8c The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions that the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not (1) sufficiently evaluate whether the methods that the company's specialist used were appropriate because it did not evaluate whether the data and significant assumptions used were appropriately applied (2) evaluate whether certain significant assumptions developed by the company's specialist were consistent with other relevant information and whether external data that the company's specialist used to develop one of these significant assumptions were relevant and reliable and (3) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company and used by the company's specialist. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1201 C6 The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions that the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not (1) sufficiently evaluate whether the methods that the company's specialist used were appropriate because it did not evaluate whether the data and significant assumptions used were appropriately applied (2) evaluate whether certain significant assumptions developed by the company's specialist were consistent with other relevant information and whether external data that the company's specialist used to develop one of these significant assumptions were relevant and reliable and (3) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company and used by the company's specialist. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1201 C7 The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions that the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not (1) sufficiently evaluate whether the methods that the company's specialist used were appropriate because it did not evaluate whether the data and significant assumptions used were appropriately applied (2) evaluate whether certain significant assumptions developed by the company's specialist were consistent with other relevant information and whether external data that the company's specialist used to develop one of these significant assumptions were relevant and reliable and (3) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company and used by the company's specialist. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 2501 16 The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions that the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not (1) sufficiently evaluate whether the methods that the company's specialist used were appropriate because it did not evaluate whether the data and significant assumptions used were appropriately applied (2) evaluate whether certain significant assumptions developed by the company's specialist were consistent with other relevant information and whether external data that the company's specialist used to develop one of these significant assumptions were relevant and reliable and (3) perform any procedures to evaluate the reasonableness of a significant assumption developed by the company and used by the company's specialist. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The issuer recorded revenue based on data in an electronic environment that were tracked and provided by external parties. The firm used these data in its substantive testing of revenue but did not perform any procedures to evaluate the reliability of these data. (AS 1105.04 and 06) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The issuer recorded revenue based on data in an electronic environment that were tracked and provided by external parties. The firm used these data in its substantive testing of revenue but did not perform any procedures to evaluate the reliability of these data. (AS 1105.04 and 06) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For certain revenue the issuer used third-party platforms to provide services to its customers. The firm did not perform any procedures to evaluate whether the issuer met certain revenue recognition criteria to satisfy the performance obligation for these services before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For certain revenue the issuer used third-party platforms to provide services to its customers. The firm did not perform any procedures to evaluate whether the issuer met certain revenue recognition criteria to satisfy the performance obligation for these services before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1105 A8b The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not (1) sufficiently evaluate whether certain methods that the company's specialist used were appropriate because it did not evaluate whether the data and significant assumptions used were appropriately applied and (2) perform any procedures to evaluate the reasonableness of certain significant assumptions that the company's specialist developed. (AS 1105.A8b and .A8c; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1105 A8c The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not (1) sufficiently evaluate whether certain methods that the company's specialist used were appropriate because it did not evaluate whether the data and significant assumptions used were appropriately applied and (2) perform any procedures to evaluate the reasonableness of certain significant assumptions that the company's specialist developed. (AS 1105.A8b and .A8c; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1201 C6 The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not (1) sufficiently evaluate whether certain methods that the company's specialist used were appropriate because it did not evaluate whether the data and significant assumptions used were appropriately applied and (2) perform any procedures to evaluate the reasonableness of certain significant assumptions that the company's specialist developed. (AS 1105.A8b and .A8c; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1201 C7 The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not (1) sufficiently evaluate whether certain methods that the company's specialist used were appropriate because it did not evaluate whether the data and significant assumptions used were appropriately applied and (2) perform any procedures to evaluate the reasonableness of certain significant assumptions that the company's specialist developed. (AS 1105.A8b and .A8c; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1105 A8a The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the company's specialist because it did not identify that the auditor-employed specialist did not evaluate whether this assumption was consistent with relevant information and whether external data that the company's specialist used to develop this assumption were relevant and reliable. (AS 1105. A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1105 A8b The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the company's specialist because it did not identify that the auditor-employed specialist did not evaluate whether this assumption was consistent with relevant information and whether external data that the company's specialist used to develop this assumption were relevant and reliable. (AS 1105. A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1201 C6 The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the company's specialist because it did not identify that the auditor-employed specialist did not evaluate whether this assumption was consistent with relevant information and whether external data that the company's specialist used to develop this assumption were relevant and reliable. (AS 1105. A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1201 C7 The issuer engaged a specialist to determine the fair value of its warrants. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the company's specialist because it did not identify that the auditor-employed specialist did not evaluate whether this assumption was consistent with relevant information and whether external data that the company's specialist used to develop this assumption were relevant and reliable. (AS 1105. A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Business Combinations Significant Risk 1 AS 2810 30 During the year the issuer acquired a business. The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Business Combinations Significant Risk 1 AS 2810 31 During the year the issuer acquired a business. The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A K No Financial statement audit only Audits with a single deficiency Warrants Significant Risk 1 AS 2810 30 The firm did not identify and evaluate a misstatement in a disclosure required under FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A K No Financial statement audit only Audits with a single deficiency Warrants Significant Risk 1 AS 2810 31 The firm did not identify and evaluate a misstatement in a disclosure required under FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2022 United States 2023-12-20T00:00:00 Part I.A L No Financial statement audit only Audits with a single deficiency Warrants Significant Risk 1 AS 2501 7 During the year the issuer acquired a business. The issuer assumed a liability related to certain warrants as a result of this acquisition and recorded a gain related to the change in the fair value of this liability between the acquisition date and year end. The firm did not sufficiently test this gain because it did not perform any procedures to evaluate the reasonableness of the fair value of the liability recorded at the acquisition date beyond reading the valuation report that was prepared by the company's specialist. (AS 2501.07) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 1 AS 2201 42 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the forecasted cash flows used in its going concern evaluation. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) the reasonableness of the forecasted revenue and gross margin assumptions and (2) whether any potential payments related to the guarantee should have been included in the forecasted cash flows. (AS 2201.42 and .44) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 1 AS 2201 44 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the forecasted cash flows used in its going concern evaluation. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) the reasonableness of the forecasted revenue and gross margin assumptions and (2) whether any potential payments related to the guarantee should have been included in the forecasted cash flows. (AS 2201.42 and .44) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 2 AS 1105 4 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · In evaluating the reasonableness of the forecasted cash flows the firm did not perform any procedures beyond inquiring of management to evaluate significant differences between the forecasted revenue for the first two months of the forecast and the actual results for this same period. (AS 1105.04 and .06; AS 2415.03) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 2 AS 1105 6 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · In evaluating the reasonableness of the forecasted cash flows the firm did not perform any procedures beyond inquiring of management to evaluate significant differences between the forecasted revenue for the first two months of the forecast and the actual results for this same period. (AS 1105.04 and .06; AS 2415.03) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 2 AS 2415 3 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · In evaluating the reasonableness of the forecasted cash flows the firm did not perform any procedures beyond inquiring of management to evaluate significant differences between the forecasted revenue for the first two months of the forecast and the actual results for this same period. (AS 1105.04 and .06; AS 2415.03) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 3 AS 1105 4 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · In evaluating the reasonableness of the forecasted cash flows the firm did not perform any procedures to evaluate whether the issuer's exclusion of any potential payments related to the guarantee from the forecasted cash flows was appropriate. (AS 1105.04 and .06; AS 2415.03) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 3 AS 1105 6 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · In evaluating the reasonableness of the forecasted cash flows the firm did not perform any procedures to evaluate whether the issuer's exclusion of any potential payments related to the guarantee from the forecasted cash flows was appropriate. (AS 1105.04 and .06; AS 2415.03) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 3 AS 2415 3 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · In evaluating the reasonableness of the forecasted cash flows the firm did not perform any procedures to evaluate whether the issuer's exclusion of any potential payments related to the guarantee from the forecasted cash flows was appropriate. (AS 1105.04 and .06; AS 2415.03) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 4 AS 2201 42 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its subsequent events disclosures. The firm did not evaluate the specific review procedures that the control owners performed to assess whether these disclosures were in conformity with GAAP. (AS 2201.42 and .44) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 4 AS 2201 44 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its subsequent events disclosures. The firm did not evaluate the specific review procedures that the control owners performed to assess whether these disclosures were in conformity with GAAP. (AS 2201.42 and .44) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Going Concern Significant Risk 5 AS 2301 8 The issuer used forecasted cash flows that it developed using various assumptions including forecasted revenue and gross margins in its evaluation of its ability to continue as a going concern. Subsequent to year end but prior to the issuance of the financial statements the issuer entered into a debt agreement that included a guarantee that required it to make payments to holders of this debt if certain criteria were met. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer should have included information related to the potential payments related to the guarantee in its subsequent events disclosures. (AS 2301.08) In connection with our review the issuer reevaluated whether any potential guaranteed payments should have been included in its evaluation of its ability to continue as a going concern and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over its going concern evaluation and subsequent events disclosures and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report to include these additional material weaknesses. Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Goodwill 6 AS 2201 42 The issuer performed its annual analysis of goodwill for potential impairment as of an interim date. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's quarterly assessment of qualitative and quantitative factors to determine whether indicators of potential impairment of goodwill existed. The firm did not identify that this control was not designed to identify and evaluate certain qualitative indicators of potential impairment. (AS 2201.42) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Goodwill 7 AS 2201 44 The issuer performed its annual analysis of goodwill for potential impairment as of an interim date. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's quarterly assessment of qualitative and quantitative factors to determine whether indicators of potential impairment of goodwill existed. In testing the operating effectiveness of this control at year end the firm did not evaluate the specific review procedures that the control owner performed to evaluate certain indicators of potential impairment. (AS 2201.44) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Goodwill 8 AS 2301 8 The issuer performed its annual analysis of goodwill for potential impairment as of an interim date. The following deficiencies were identified: · The firm did not evaluate certain indicators of potential impairment that existed at year end for one of the issuer's reporting units. (AS 2301.08; AS 2810.03) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Goodwill 8 AS 2810 3 The issuer performed its annual analysis of goodwill for potential impairment as of an interim date. The following deficiencies were identified: · The firm did not evaluate certain indicators of potential impairment that existed at year end for one of the issuer's reporting units. (AS 2301.08; AS 2810.03) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 1105 10 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The firm selected for testing a control over change management for this revenue system but did not perform any procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to this system. (AS 1105.10) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The firm selected for testing a control over change management for this revenue system but did not perform any procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to this system. (AS 1105.10) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 46 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The firm selected for testing certain automated and IT-dependent manual controls over this revenue and the related deferred revenue. The firm's approach to testing these controls depended on effective IT general controls (ITGCs) including controls over change management. As a result of the deficiency in the firm's testing of the control discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The firm selected for testing certain automated and IT-dependent manual controls over this revenue and the related deferred revenue. The firm's approach to testing these controls depended on effective IT general controls (ITGCs) including controls over change management. As a result of the deficiency in the firm's testing of the control discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 16 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 18 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 37 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 19 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 23 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 23A The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer used an internally developed information-technology (IT) system to calculate the amount of revenue and the related deferred revenue to be recorded for certain revenue transactions. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2810 30 During the year the issuer recorded revenue as a result of a change in accounting estimate related to certain revenue that was previously deferred. The firm did not identify and evaluate the issuer's omission of disclosures related to this change in estimate that were required under FASB ASC Topic 250 Accounting Changes and Error Corrections. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2810 30 During the year the issuer recorded revenue as a result of a change in accounting estimate related to certain revenue that was previously deferred. The firm did not identify and evaluate the issuer's omission of disclosures related to this change in estimate that were required under FASB ASC Topic 250 Accounting Changes and Error Corrections. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2810 31 During the year the issuer recorded revenue as a result of a change in accounting estimate related to certain revenue that was previously deferred. The firm did not identify and evaluate the issuer's omission of disclosures related to this change in estimate that were required under FASB ASC Topic 250 Accounting Changes and Error Corrections. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2810 31 During the year the issuer recorded revenue as a result of a change in accounting estimate related to certain revenue that was previously deferred. The firm did not identify and evaluate the issuer's omission of disclosures related to this change in estimate that were required under FASB ASC Topic 250 Accounting Changes and Error Corrections. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized revenue based on contractual rates and hours incurred for services provided to its customers and the firm selected a sample of these revenue transactions by business unit for testing. The following deficiencies were identified: · For revenue for two business units the firm did not perform any procedures to test the contractual rates and hours incurred. (AS 2301.08 and .13) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized revenue based on contractual rates and hours incurred for services provided to its customers and the firm selected a sample of these revenue transactions by business unit for testing. The following deficiencies were identified: · For revenue for two business units the firm did not perform any procedures to test the contractual rates and hours incurred. (AS 2301.08 and .13) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer recognized revenue based on contractual rates and hours incurred for services provided to its customers and the firm selected a sample of these revenue transactions by business unit for testing. The following deficiencies were identified: · For revenue for another business unit the firm used contractual rate and service hour information from one of the issuer's systems in its testing but did not perform any procedures to test or test any controls over the accuracy of the contractual rates and the accuracy and completeness of the service hours. (AS 1105.10) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The issuer recognized revenue based on contractual rates and hours incurred for services provided to its customers and the firm selected a sample of these revenue transactions by business unit for testing. The following deficiencies were identified: · For revenue for two other business units the firm used service hour information from another of the issuer's systems in its testing but did not perform any procedures to test or test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The issuer recognized revenue based on contractual rates and hours incurred for services provided to its customers and the firm selected a sample of these revenue transactions by business unit for testing. The following deficiencies were identified: · For revenue for one business unit the firm did not perform any procedures to test the contractual rates. (AS 2301.08) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2301 8 The issuer determined that certain of its derivative contracts qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging and recorded revenue for transactions related to these contracts. The firm did not perform any procedures to evaluate whether the issuer's accounting for these contracts including the revenue recognized was appropriate. (AS 2301.08) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2301 8 The issuer determined that certain of its derivative contracts qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging and recorded revenue for transactions related to these contracts. The firm did not perform any procedures to evaluate whether the issuer's accounting for these contracts including the revenue recognized was appropriate. (AS 2301.08) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer disclosed the amount of revenue assigned to each of its reportable segments. The firm selected for testing an automated control that used information from the issuer's general ledger to assign revenue to each reportable segment in the issuer's financial reporting system. The firm did not evaluate beyond inquiring of management whether this control was designed to assign revenue related to a business acquired during the year to the appropriate reportable segments. (AS 2201.42) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The firm used the assigned revenue amounts from the issuer's financial reporting system in its substantive testing of this disclosure but did not test or sufficiently test the control over the appropriateness of the revenue assigned to the reportable segments. (AS 1105.10) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Revenue 1 AS 2201 42 The firm selected for testing a control that included the issuer's review of its revenue disclosures. The firm did not test the aspect of this control related to the control owner's review of the accuracy and completeness of the issuer-prepared schedules used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control that included the issuer's review of its revenue disclosures. The firm did not test the aspect of this control related to the control owner's review of the accuracy and completeness of the issuer-prepared schedules used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Revenue 1 AS 2201 44 The firm selected for testing a control that included the issuer's review of its revenue disclosures. The firm did not test the aspect of this control related to the control owner's review of the accuracy and completeness of the issuer-prepared schedules used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control that included the issuer's review of its revenue disclosures. The firm did not test the aspect of this control related to the control owner's review of the accuracy and completeness of the issuer-prepared schedules used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Revenue 2 AS 1105 10 The firm used these issuer-prepared schedules in its substantive testing of certain revenue disclosures. The firm did not perform any procedures to test or sufficiently test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm used these issuer-prepared schedules in its substantive testing of certain revenue disclosures. The firm did not perform any procedures to test or sufficiently test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Revenue 3 AS 2101 11 During the year the issuer acquired a business. The firm excluded from the scope of its financial statement audit the post-acquisition revenue and cost of revenue for this acquired business but did not evaluate certain factors that were relevant to the assessment of the risks of material misstatement associated with these accounts including the materiality of this revenue and cost of revenue and the complexity of the issuer's contracts with its customers. (AS 2101.11 and .12) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2101 11 During the year the issuer acquired a business. The firm excluded from the scope of its financial statement audit the post-acquisition revenue and cost of revenue for this acquired business but did not evaluate certain factors that were relevant to the assessment of the risks of material misstatement associated with these accounts including the materiality of this revenue and cost of revenue and the complexity of the issuer's contracts with its customers. (AS 2101.11 and .12) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Revenue 3 AS 2101 12 During the year the issuer acquired a business. The firm excluded from the scope of its financial statement audit the post-acquisition revenue and cost of revenue for this acquired business but did not evaluate certain factors that were relevant to the assessment of the risks of material misstatement associated with these accounts including the materiality of this revenue and cost of revenue and the complexity of the issuer's contracts with its customers. (AS 2101.11 and .12) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2101 12 During the year the issuer acquired a business. The firm excluded from the scope of its financial statement audit the post-acquisition revenue and cost of revenue for this acquired business but did not evaluate certain factors that were relevant to the assessment of the risks of material misstatement associated with these accounts including the materiality of this revenue and cost of revenue and the complexity of the issuer's contracts with its customers. (AS 2101.11 and .12) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 39 The issuer used a service organization to estimate the quantitative component of the ACL. The firm obtained a service auditor's report and identified a complementary user control that the service auditor's report described as necessary. The firm did not perform any procedures to evaluate whether the issuer had implemented this control. (AS 2201.39 and .B22) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 B22 The issuer used a service organization to estimate the quantitative component of the ACL. The firm obtained a service auditor's report and identified a complementary user control that the service auditor's report described as necessary. The firm did not perform any procedures to evaluate whether the issuer had implemented this control. (AS 2201.39 and .B22) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 2201 42 The issuer placed items in deposit suspense or certain cash accounts when the items required further evaluation. The firm selected for testing controls that included reviews of the reconciling items in these accounts. The firm did not evaluate the specific review procedures that the control owners performed to assess whether items that had been cleared from these accounts had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 2201 44 The issuer placed items in deposit suspense or certain cash accounts when the items required further evaluation. The firm selected for testing controls that included reviews of the reconciling items in these accounts. The firm did not evaluate the specific review procedures that the control owners performed to assess whether items that had been cleared from these accounts had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 3 AS 2301 8 To substantively test deposit liabilities the firm tested certain deposit suspense and cash account reconciliations. The firm did not perform any substantive procedures to evaluate whether items that the issuer had cleared from these accounts had been appropriately resolved. (AS 2301.08) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 1105 10 The issuer used an internally developed information-technology (IT) system to process certain revenue and the related deferred revenue. The firm selected for testing a control over change management for this revenue system but did not perform any procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to this system. (AS 1105.10) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer used an internally developed information-technology (IT) system to process certain revenue and the related deferred revenue. The firm selected for testing a control over change management for this revenue system but did not perform any procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to this system. (AS 1105.10) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 46 The firm selected for testing certain automated and IT-dependent manual controls over this revenue and the related deferred revenue. The firm's approach to testing these controls depended on effective IT general controls (ITGCs) including controls over change management. As a result of the deficiency in the firm's testing of the control discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The firm selected for testing certain automated and IT-dependent manual controls over this revenue and the related deferred revenue. The firm's approach to testing these controls depended on effective IT general controls (ITGCs) including controls over change management. As a result of the deficiency in the firm's testing of the control discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 16 The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 18 The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 37 The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 19 The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 23 The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 23A The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample sizes the firm used in its substantive procedures to test this revenue and the related deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accrued Liability 1 AS 2201 39 The issuer recorded an estimated liability for deferred compensation expense related to certain of its employees. The firm did not identify and test any controls over this liability. (AS 2201.39) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accrued Liability 2 AS 2501 7 The firm did not perform any substantive procedures to test the issuer's estimate for this liability. (AS 2501.07) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The firm did not identify and test any controls over the observability of the pricing inputs at the individual instrument level that the issuer used to determine the categorization of certain of its investment securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. (AS 2201.39) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these investment securities within the fair value hierarchy beyond tracing the balances that were disclosed for each category to an issuer-prepared analysis. (AS 2301.08) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer performed cycle counts of certain inventory. The firm selected for testing a control that consisted of the issuer's review of the cycle-count results. The firm did not evaluate whether this control was designed to address whether this inventory was counted with sufficient frequency in accordance with the issuer's cycle-count policy. (AS 2201.42) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2510 11 Due to the deficiency discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 1 AS 2201 39 The issuer placed items in deposit suspense accounts when the items required further evaluation. The firm selected for testing a control that consisted of the issuer's reconciliation of these deposit suspense accounts. The firm did not identify and test any controls over the accuracy and completeness of the system-generated reports used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 1105 10 The firm used these system-generated reports in its substantive testing of deposit liabilities but did not perform any procedures to test or test any controls over the accuracy and completeness of these reports. (AS 1105.10) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A L Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm did not identify and test any controls over in-transit inventory for one of the issuer's business units. (AS 2201.39) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A L Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 8 The firm did not perform any substantive procedures to test this inventory. (AS 2301.08) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A M No ICFR audit only Audits with multiple deficiencies Real Estate Investment Properties 1 AS 2201 42 The firm selected for testing two controls over the issuer's review of the reasonableness of the fair values of acquired real estate investment properties. The firm did not evaluate the specific review procedures that the control owner performed to determine whether all items that required investigation had been identified. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A M No ICFR audit only Audits with multiple deficiencies Real Estate Investment Properties 1 AS 2201 44 The firm selected for testing two controls over the issuer's review of the reasonableness of the fair values of acquired real estate investment properties. The firm did not evaluate the specific review procedures that the control owner performed to determine whether all items that required investigation had been identified. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A N No Financial statement audit only Audits with a single deficiency Income Taxes 1 AS 2810 30 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 740 Income Taxes. The firm did not obtain sufficient appropriate audit evidence to support its opinion on the issuer's financial statements. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A N No Financial statement audit only Audits with a single deficiency Income Taxes 1 AS 2810 31 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 740 Income Taxes. The firm did not obtain sufficient appropriate audit evidence to support its opinion on the issuer's financial statements. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Business Combination 1 AS 2501 7 During the year the issuer acquired a business. The firm did not perform any substantive procedures to test the fair values of the assets acquired and the liabilities assumed. (AS 2501.07) Annually Inspected 185 KPMG LLP 2022 United States KPMG International Cooperative 2023-12-20T00:00:00 Part I.A P No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2501 16 The issuer recognized revenue from a contract over time using an input method based on labor hours incurred. The firm did not perform any substantive procedures to evaluate the reasonableness of the estimated labor hours to complete this contract at year end beyond inquiring of management and for a sample of employees confirming their labor hours budgeted for the contract as of year end. (AS 2501.16) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Account Significant Risk 1 AS 2301 8 The firm did not evaluate whether the issuer complied with certain aspects of GAAP in recording the balances within the significant account. (AS 2301.08 and .11) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Account Significant Risk 1 AS 2301 11 The firm did not evaluate whether the issuer complied with certain aspects of GAAP in recording the balances within the significant account. (AS 2301.08 and .11) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Account Significant Risk 2 AS 1105 4 The firm did not perform any procedures to evaluate the relevance and reliability of external information it used to test certain balances in the significant account. (AS 1105.04 and .06) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Account Significant Risk 2 AS 1105 6 The firm did not perform any procedures to evaluate the relevance and reliability of external information it used to test certain balances in the significant account. (AS 1105.04 and .06) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 2301 8 The issuer reported certain assets and performed an evaluation of whether the assets were impaired. The following deficiencies were identified: · The firm did not perform any procedures to establish whether the issuer had control of the assets. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 1105 4 The issuer reported certain assets and performed an evaluation of whether the assets were impaired. The following deficiencies were identified: · The firm did not perform any procedures to test the reliability of external information it used to test these assets. (AS 1105.04 and .06) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 1105 6 The issuer reported certain assets and performed an evaluation of whether the assets were impaired. The following deficiencies were identified: · The firm did not perform any procedures to test the reliability of external information it used to test these assets. (AS 1105.04 and .06) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 5 AS 2501 7 The issuer reported certain assets and performed an evaluation of whether the assets were impaired. The following deficiencies were identified: · The firm did not perform procedures to test the issuer's impairment analysis beyond testing its clerical accuracy. (AS 2501.07) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 6 AS 2501 7 The issuer reported certain other assets. The following deficiencies were identified: · The firm did not perform any procedures to test the recoverability of these assets. (AS 2501.07) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 7 AS 2301 8 The issuer reported certain other assets. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the presentation of these assets. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 8 AS 2301 8 The issuer reported certain other assets. The following deficiencies were identified: · The firm did not perform any procedures to test certain disclosures related to these assets. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions Significant Risk 9 AS 2301 8 During the year the issuer issued equity instruments. The firm did not perform procedures to test certain of these issuances beyond comparing the number of shares to the purchase agreements. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions Significant Risk 10 AS 2301 8 During the current and prior years the issuer granted stock options that vested based on a calculation. The firm did not perform any procedures to test the calculation that the issuer used to record stock-based compensation expense related to stock options that vested during the year. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 11 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 1 AS 2301 8 The firm did not perform substantive procedures to test the debt beyond recalculating the balance based on an agreement that specified that the balance was past due. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Expenses 2 AS 2301 8 The firm did not perform substantive procedures to test certain expenses beyond comparing the amounts to bank statements. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2301 8 The firm did not perform any procedures to evaluate whether the issuer appropriately accounted for certain expenses. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Expenses 2 AS 2301 8 For the remaining types of expenses the firm selected items for testing from all types of expenses except for one. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain selected expenses beyond comparing the amounts to a bank statement. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Expenses 3 AS 2301 8 For the remaining types of expenses the firm selected items for testing from all types of expenses except for one. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer appropriately accounted for certain of the selected expenses. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Expenses 4 AS 2301 8 For the remaining types of expenses the firm selected items for testing from all types of expenses except for one. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the one type of expense for which it did not select any items for testing. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Expenses 5 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's adjustment to expenses. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Planning Materiality 1 AS 2105 6 The firm did not establish a materiality level for the financial statements as a whole and determine the related amount of tolerable misstatement. (AS 2105.06 and .08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Planning Materiality 1 AS 2105 8 The firm did not establish a materiality level for the financial statements as a whole and determine the related amount of tolerable misstatement. (AS 2105.06 and .08) Triennially Inspected 366 MaughanSullivan LLC 2023 United States 2023-12-11T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Common Stock 2 AS 2301 8 The issuer recorded the issuance of common stock in exchange for services rendered. The firm did not sufficiently evaluate whether the issuer's use of the share price on the date of issuance to measure stock-based compensation was in conformity with FASB ASC Topic 718 Compensation - Stock Compensation because it did not evaluate whether there was an active market for the issuer's shares. (AS 2301.08) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2501 7 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform substantive procedures to test the valuation of certain investment securities held within various investment funds beyond comparing their net asset value to pricing information obtained from the respective investment fund's website. (AS 2501.07) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 2 AS 2601 14 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach to testing participant and employer contributions included reliance on controls and the use of data and reports from two service organizations which (1) processed and recorded participant and employer contributions and (2) processed payroll and record-related participant data. The following deficiencies were identified: · The firm did not test the design and operating effectiveness of certain complementary user controls related to the processing and recording of participant and employer contributions as identified in the service auditor's reports beyond inquiry of management. Further the firm did not evaluate whether certain other complementary user controls as identified in the service auditor's reports were relevant in addressing the risks of material misstatement related to participant and employer contributions. (AS 2601.14) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 3 AS 2301 16 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach to testing participant and employer contributions included reliance on controls and the use of data and reports from two service organizations which (1) processed and recorded participant and employer contributions and (2) processed payroll and record-related participant data. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test participant and employer contributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 3 AS 2301 18 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach to testing participant and employer contributions included reliance on controls and the use of data and reports from two service organizations which (1) processed and recorded participant and employer contributions and (2) processed payroll and record-related participant data. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test participant and employer contributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 3 AS 2301 37 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach to testing participant and employer contributions included reliance on controls and the use of data and reports from two service organizations which (1) processed and recorded participant and employer contributions and (2) processed payroll and record-related participant data. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test participant and employer contributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 3 AS 2315 19 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach to testing participant and employer contributions included reliance on controls and the use of data and reports from two service organizations which (1) processed and recorded participant and employer contributions and (2) processed payroll and record-related participant data. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test participant and employer contributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 3 AS 2315 23 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach to testing participant and employer contributions included reliance on controls and the use of data and reports from two service organizations which (1) processed and recorded participant and employer contributions and (2) processed payroll and record-related participant data. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test participant and employer contributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 3 AS 2315 23A The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach to testing participant and employer contributions included reliance on controls and the use of data and reports from two service organizations which (1) processed and recorded participant and employer contributions and (2) processed payroll and record-related participant data. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test participant and employer contributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 4 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach to testing participant and employer contributions included reliance on controls and the use of data and reports from two service organizations which (1) processed and recorded participant and employer contributions and (2) processed payroll and record-related participant data. The following deficiencies were identified: · The firm used certain data produced by one of the plan sponsor's service organizations in testing participant and employer contributions. The firm did not perform any procedures that addressed the accuracy and completeness of this data. (AS 2301.08) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2315 16 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. To test the valuation of a certain type of investment securities the firm selected a sample of investments for testing. The sample size the firm used in its substantive test of details was too small to provide sufficient appropriate audit evidence because the firm did not take into account the characteristics of the population in determining its sample size. (AS 2315.16 .23 and .23A) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2315 23 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. To test the valuation of a certain type of investment securities the firm selected a sample of investments for testing. The sample size the firm used in its substantive test of details was too small to provide sufficient appropriate audit evidence because the firm did not take into account the characteristics of the population in determining its sample size. (AS 2315.16 .23 and .23A) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2315 23A The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. To test the valuation of a certain type of investment securities the firm selected a sample of investments for testing. The sample size the firm used in its substantive test of details was too small to provide sufficient appropriate audit evidence because the firm did not take into account the characteristics of the population in determining its sample size. (AS 2315.16 .23 and .23A) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 2 AS 2501 7 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm did not perform substantive procedures to test the valuation of certain other types of investment securities held within various investment funds beyond (1) for certain securities comparing their net asset value to pricing information obtained from the respective investment fund's website and (2) for other securities comparing their fair value or net asset value to the trustee or custodian statements. (AS 2501.07) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2501 7 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm did not perform substantive procedures to test the valuation of certain investment securities held within various investment funds beyond comparing their fair value or net asset value to the trustee statements. (AS 2501.07) Triennially Inspected 715 Vasquez & Company LLP 2023 United States 2023-12-11T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2501 7 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm did not perform substantive procedures to test the valuation of certain investment securities held within various investment funds beyond comparing their net asset value to pricing information obtained from the respective investment fund's website. (AS 2501.07) Triennially Inspected 1021 KPMG AG Wirtschaftspruefungsgesellschaft 2022 Germany KPMG International Cooperative 2023-12-11T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 44 The firm tested automated controls over certain of the issuer's revenue in a non-production information technology (IT) environment rather than in the production IT environment that the issuer used to record revenue. The firm did not perform sufficient procedures to test these automated controls because the firm did not perform procedures to determine whether the issuer's non-production IT environment was identical to the issuer's production IT environment until several months after its testing of the controls. (AS 2201.44) Triennially Inspected 1402 Grant Thornton 2022 Ireland Grant Thornton International Limited 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm did not perform procedures to test or test any controls over the accuracy of certain data used in its substantive testing of the issuer's revenue disclosures. (AS 1105.10) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. In its testing of controls over these accounts the firm tested an IT-dependent manual control that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of this IT-dependent control was not sufficient. (AS 2201.46) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. In its testing of controls over these accounts the firm tested an IT-dependent manual control that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of this IT-dependent control was not sufficient. (AS 2201.46) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. With respect to user access the following deficiencies were identified: · The firm selected for testing a user access control over this IT system that consisted of management's review and approval of user access requests. The firm did not perform procedures to test an aspect of this control related to the assignment of user access rights. (AS 2201.42 and .44) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. With respect to user access the following deficiencies were identified: · The firm selected for testing a user access control over this IT system that consisted of management's review and approval of user access requests. The firm did not perform procedures to test an aspect of this control related to the assignment of user access rights. (AS 2201.42 and .44) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. With respect to user access the following deficiencies were identified: · The firm selected for testing a user access control over this IT system that consisted of management's review and approval of user access requests. The firm did not perform procedures to test an aspect of this control related to the assignment of user access rights. (AS 2201.42 and .44) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. With respect to user access the following deficiencies were identified: · The firm selected for testing a user access control over this IT system that consisted of management's review and approval of user access requests. The firm did not perform procedures to test an aspect of this control related to the assignment of user access rights. (AS 2201.42 and .44) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 1105 10 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. With respect to user access the following deficiencies were identified: · The firm selected for testing a user access control over this IT system that consisted of management's review and approval of user access requests. The firm did not perform procedures to test or test controls over the completeness of the population of user access requests from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. With respect to user access the following deficiencies were identified: · The firm selected for testing a user access control over this IT system that consisted of management's review and approval of user access requests. The firm did not perform procedures to test or test controls over the completeness of the population of user access requests from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. With respect to user access the following deficiencies were identified: · The firm selected for testing another user access control over this IT system that consisted of the issuer's periodic monitoring of user access rights for appropriateness. The firm did not perform any procedures to (1) evaluate whether it was appropriate for the control to exclude certain users from monitoring and (2) test an aspect of this control that addressed whether the role and related functions assigned to each user were appropriate. (AS 2201.42 and .44) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. With respect to user access the following deficiencies were identified: · The firm selected for testing another user access control over this IT system that consisted of the issuer's periodic monitoring of user access rights for appropriateness. The firm did not perform any procedures to (1) evaluate whether it was appropriate for the control to exclude certain users from monitoring and (2) test an aspect of this control that addressed whether the role and related functions assigned to each user were appropriate. (AS 2201.42 and .44) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. With respect to user access the following deficiencies were identified: · The firm selected for testing another user access control over this IT system that consisted of the issuer's periodic monitoring of user access rights for appropriateness. The firm did not perform any procedures to (1) evaluate whether it was appropriate for the control to exclude certain users from monitoring and (2) test an aspect of this control that addressed whether the role and related functions assigned to each user were appropriate. (AS 2201.42 and .44) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record certain transactions related to revenue and accounts receivable. With respect to user access the following deficiencies were identified: · The firm selected for testing another user access control over this IT system that consisted of the issuer's periodic monitoring of user access rights for appropriateness. The firm did not perform any procedures to (1) evaluate whether it was appropriate for the control to exclude certain users from monitoring and (2) test an aspect of this control that addressed whether the role and related functions assigned to each user were appropriate. (AS 2201.42 and .44) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 The firm selected for testing two controls that consisted of the issuer's review of invoices and contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to assess whether certain revenue generated from these contracts was recorded in the appropriate period. (AS 2201.42 and .44) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 The firm selected for testing two controls that consisted of the issuer's review of invoices and contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to assess whether certain revenue generated from these contracts was recorded in the appropriate period. (AS 2201.42 and .44) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 8 The firm did not perform sufficient substantive procedures to test revenue because the firm did not evaluate whether certain revenue selected for testing was recorded in the appropriate period. (AS 2301.08 and .13) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 13 The firm did not perform sufficient substantive procedures to test revenue because the firm did not evaluate whether certain revenue selected for testing was recorded in the appropriate period. (AS 2301.08 and .13) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 39 The firm did not identify and test any controls over the valuation of accounts receivable. (AS 2201.39) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 1105 4 The firm did not perform sufficient procedures to test the valuation of accounts receivable because it used certain information obtained from external sources in its substantive testing of receivables and did not perform any procedures to evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Triennially Inspected 1704 Ernst & Young et Autres 2022 France Ernst & Young Global Limited 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 1105 6 The firm did not perform sufficient procedures to test the valuation of accounts receivable because it used certain information obtained from external sources in its substantive testing of receivables and did not perform any procedures to evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Triennially Inspected 2706 BDO Audit S.A. 2022 Colombia BDO International Limited 2023-12-11T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2510 9 The firm did not perform any procedures to test the existence of certain inventory. (AS 2510.09) Triennially Inspected 2706 BDO Audit S.A. 2022 Colombia BDO International Limited 2023-12-11T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2301 8 The firm did not perform sufficient procedures to test the inventory unit costs because its procedures were limited to recalculating the unit costs based on inventory quantity and costing information provided by the issuer and/or comparing certain unit costs to those provided by the issuer. (AS 2301.08 and .11) Triennially Inspected 2706 BDO Audit S.A. 2022 Colombia BDO International Limited 2023-12-11T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2301 11 The firm did not perform sufficient procedures to test the inventory unit costs because its procedures were limited to recalculating the unit costs based on inventory quantity and costing information provided by the issuer and/or comparing certain unit costs to those provided by the issuer. (AS 2301.08 and .11) Triennially Inspected 2706 BDO Audit S.A. 2022 Colombia BDO International Limited 2023-12-11T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2301 8 The firm did not test whether the variances between the issuer's unit cost calculations and the actual costs incurred during the year were appropriately capitalized to inventory or expensed to cost of sales. (AS 2301.08 and .11) Triennially Inspected 2706 BDO Audit S.A. 2022 Colombia BDO International Limited 2023-12-11T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2301 11 The firm did not test whether the variances between the issuer's unit cost calculations and the actual costs incurred during the year were appropriately capitalized to inventory or expensed to cost of sales. (AS 2301.08 and .11) Triennially Inspected 2706 BDO Audit S.A. 2022 Colombia BDO International Limited 2023-12-11T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 1105 10 The firm's approach for testing inventory reserve was to review and test management's process. The firm did not test the accuracy and completeness of certain data used by the issuer to estimate the inventory reserve. (AS 1105.10) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of the information it obtained from external sources that it used to test certain revenue. (AS 1105.04 and .06) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of the information it obtained from external sources that it used to test certain revenue. (AS 1105.04 and .06) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform any procedures to evaluate the terms and conditions of an agreement for certain revenue. (AS 2301.08 and .13) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform any procedures to evaluate the terms and conditions of an agreement for certain revenue. (AS 2301.08 and .13) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not perform any procedures to test the appropriateness of the amount of revenue recognized. (AS 2301.08 and .13) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm did not perform any procedures to test the appropriateness of the amount of revenue recognized. (AS 2301.08 and .13) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 1105 4 The firm did not perform sufficient procedures to test the estimated useful lives assigned to the issuer's property and equipment because it limited its procedures to comparing the useful lives to information from an external source. Further the firm did not evaluate the relevance and reliability of the information. (AS 1105.04 and .06; AS 2501.07) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 1105 6 The firm did not perform sufficient procedures to test the estimated useful lives assigned to the issuer's property and equipment because it limited its procedures to comparing the useful lives to information from an external source. Further the firm did not evaluate the relevance and reliability of the information. (AS 1105.04 and .06; AS 2501.07) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2501 7 The firm did not perform sufficient procedures to test the estimated useful lives assigned to the issuer's property and equipment because it limited its procedures to comparing the useful lives to information from an external source. Further the firm did not evaluate the relevance and reliability of the information. (AS 1105.04 and .06; AS 2501.07) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 2301 8 The firm did not perform procedures to evaluate the issuer's conclusion that there were no indicators of potential impairment even though the firm was aware that such conditions existed. (AS 2301.08; AS 2810.03) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 2810 3 The firm did not perform procedures to evaluate the issuer's conclusion that there were no indicators of potential impairment even though the firm was aware that such conditions existed. (AS 2301.08; AS 2810.03) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether the issuer recognized an acquisition in accordance with FASB ASC Topic 805 Business Combinations because it did not evaluate whether the assets acquired and liabilities assumed met the definition of a business. (AS 2301.08 and .11) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2301 11 The firm did not perform sufficient procedures to evaluate whether the issuer recognized an acquisition in accordance with FASB ASC Topic 805 Business Combinations because it did not evaluate whether the assets acquired and liabilities assumed met the definition of a business. (AS 2301.08 and .11) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 10 The firm did not perform sufficient procedures to test the fair value of certain liabilities assumed because it did not perform any procedures to test or test any controls over the accuracy and completeness of a report used in its testing. (AS 1105.10) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2301 8 The firm did not perform any substantive procedures over the amount of certain liabilities assumed. (AS 2301.08) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Stock-Based Compensation Significant Risk 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the incorrect calculation of stock-based compensation expense. (AS 2810.30 and .31) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Stock-Based Compensation Significant Risk 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the incorrect calculation of stock-based compensation expense. (AS 2810.30 and .31) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2501 7 The firm selected a sample of revenue transactions for testing. The firm did not perform any substantive procedures to test estimates used to recognize revenue and related accounts for certain of these transactions. (AS 2501.07) Triennially Inspected 2738 M&K CPAS, PLLC 2022 United States 2023-12-11T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 The firm identified fraud criteria for journal entries. The firm did not apply the criteria to the entire population of journal entries to identify all journal entries that met the criteria. Further the firm limited its testing of journal entries to a haphazard selection. (AS 2401.61) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized several types of revenue. The following deficiencies were identified: · For one type of revenue the firm selected a sample of transactions for testing. The firm did not perform procedures to test whether revenue was appropriately recognized for the sampled transactions beyond obtaining issuer-produced sales orders. (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized several types of revenue. The following deficiencies were identified: · For one type of revenue the firm selected a sample of transactions for testing. The firm did not perform procedures to test whether revenue was appropriately recognized for the sampled transactions beyond obtaining issuer-produced sales orders. (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized several types of revenue. The following deficiencies were identified: · For a second type of revenue the firm did not evaluate the appropriateness of the issuer's identification of performance obligations. (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized several types of revenue. The following deficiencies were identified: · For a second type of revenue the firm did not evaluate the appropriateness of the issuer's identification of performance obligations. (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer recognized several types of revenue. The following deficiencies were identified: · For the second type of revenue the firm selected a sample of transactions for testing. The firm did not perform procedures to test whether revenue was appropriately recognized for the sampled transactions beyond obtaining cash receipts. (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The issuer recognized several types of revenue. The following deficiencies were identified: · For the second type of revenue the firm selected a sample of transactions for testing. The firm did not perform procedures to test whether revenue was appropriately recognized for the sampled transactions beyond obtaining cash receipts. (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The issuer recognized several types of revenue. The following deficiencies were identified: · For a third type of revenue the firm did not perform procedures to evaluate whether the issuer had satisfied its performance obligations beyond obtaining cash receipts for certain transactions. (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The issuer recognized several types of revenue. The following deficiencies were identified: · For a third type of revenue the firm did not perform procedures to evaluate whether the issuer had satisfied its performance obligations beyond obtaining cash receipts for certain transactions. (AS 2301.08 and .13) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Financial Statement Presentation and Disclosures 5 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's presentation and disclosure of a significant transaction. (AS 2810.30 and .31) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Financial Statement Presentation and Disclosures 5 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's presentation and disclosure of a significant transaction. (AS 2810.30 and .31) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 6 AS 2410 17 During the year the issuer entered into several transactions with a related party. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the presentation and disclosure of one of these transactions because it did not evaluate audit evidence that indicated that the nature of the transaction was contradictory to the issuer's presentation and disclosure in its financial statements. (AS 2410.17; AS 2810.03) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 6 AS 2810 3 During the year the issuer entered into several transactions with a related party. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the presentation and disclosure of one of these transactions because it did not evaluate audit evidence that indicated that the nature of the transaction was contradictory to the issuer's presentation and disclosure in its financial statements. (AS 2410.17; AS 2810.03) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2401 67 During the year the issuer entered into several transactions with a related party. The following deficiencies were identified: · The firm did not evaluate whether the business purpose (or lack thereof) of certain of these transactions indicated that they may have been entered into to engage in fraudulent financial reporting or to conceal misappropriation of assets given certain facts regarding the transactions. (AS 2401.67) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 8 AS 2405 7 During the year the issuer entered into several transactions with a related party. The following deficiencies were identified: · The firm did not take any action in response to information regarding certain transactions that indicated possible illegal acts. (AS 2405.07 and .10) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 8 AS 2405 10 During the year the issuer entered into several transactions with a related party. The following deficiencies were identified: · The firm did not take any action in response to information regarding certain transactions that indicated possible illegal acts. (AS 2405.07 and .10) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2501 7 The firm did not perform substantive procedures to test an estimate related to revenue beyond recalculating the amount. (AS 2501.07) Triennially Inspected 2851 KCCW Accountancy Corp. 2022 United States 2023-12-11T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Receivable 2 AS 2410 12 The issuer reported a loan receivable from a related party. The firm did not perform procedures to evaluate the financial capability of this related party. (AS 2410.12) Triennially Inspected 6108 Michael Gillespie & Associates, PLLC 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 2301 8 The issuer made certain payments to a third-party shortly before year-end to acquire an asset that was reported on its balance sheet. The firm did not perform sufficient procedures to test the existence and presentation and disclosure of the asset because it did not evaluate whether ownership of the asset had transferred to the issuer prior to year-end and whether the asset was properly presented and disclosed in the issuer's financial statements. (AS 2301.08) Triennially Inspected 6524 T.E. Lott and Company, A Professional Association 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2601 14 The firm's approach to testing loans and the ALL included reliance on certain controls. The issuer used a service organization to process and record transactions related to loans and this loan information was used in the firm's procedures to test loans and the ALL. The firm did not perform procedures beyond inquiring of management to test complementary user controls over loans identified in the service auditor's report. (AS 2601.14) Triennially Inspected 6524 T.E. Lott and Company, A Professional Association 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Loans 1 AS 2601 14 The firm's approach to testing loans and the ALL included reliance on certain controls. The issuer used a service organization to process and record transactions related to loans and this loan information was used in the firm's procedures to test loans and the ALL. The firm did not perform procedures beyond inquiring of management to test complementary user controls over loans identified in the service auditor's report. (AS 2601.14) Triennially Inspected 6524 T.E. Lott and Company, A Professional Association 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 1105 27 The issuer's ALL consisted of a qualitative component and an unallocated reserve component. The firm's approach for substantively testing the ALL was to both test the issuer's process and develop an independent expectation of the estimate. The following deficiencies were identified: · The firm used the issuer's loan grades in its independent expectation. The firm selected loans that met specific criteria to test the loan's assigned grade. The firm did not perform procedures to test loan grades for the remaining population of loans. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 6524 T.E. Lott and Company, A Professional Association 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2301 8 The issuer's ALL consisted of a qualitative component and an unallocated reserve component. The firm's approach for substantively testing the ALL was to both test the issuer's process and develop an independent expectation of the estimate. The following deficiencies were identified: · The firm used the issuer's loan grades in its independent expectation. The firm selected loans that met specific criteria to test the loan's assigned grade. The firm did not perform procedures to test loan grades for the remaining population of loans. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 6524 T.E. Lott and Company, A Professional Association 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2301 11 The issuer's ALL consisted of a qualitative component and an unallocated reserve component. The firm's approach for substantively testing the ALL was to both test the issuer's process and develop an independent expectation of the estimate. The following deficiencies were identified: · The firm used the issuer's loan grades in its independent expectation. The firm selected loans that met specific criteria to test the loan's assigned grade. The firm did not perform procedures to test loan grades for the remaining population of loans. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 6524 T.E. Lott and Company, A Professional Association 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 3 AS 2501 16 The issuer's ALL consisted of a qualitative component and an unallocated reserve component. The firm's approach for substantively testing the ALL was to both test the issuer's process and develop an independent expectation of the estimate. The following deficiencies were identified: · The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions it used to develop the qualitative component. (AS 2501.16) Triennially Inspected 6524 T.E. Lott and Company, A Professional Association 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2501 16 The issuer's ALL consisted of a qualitative component and an unallocated reserve component. The firm's approach for substantively testing the ALL was to both test the issuer's process and develop an independent expectation of the estimate. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant assumptions the issuer used to develop the unallocated reserve component. (AS 2501.16) Triennially Inspected 6524 T.E. Lott and Company, A Professional Association 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 5 AS 1105 4 The issuer's ALL consisted of a qualitative component and an unallocated reserve component. The firm's approach for substantively testing the ALL was to both test the issuer's process and develop an independent expectation of the estimate. The following deficiencies were identified: · The firm did not evaluate the relevance of external information it used to develop its independent expectation. (AS 1105.04 and .06) Triennially Inspected 6524 T.E. Lott and Company, A Professional Association 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 5 AS 1105 6 The issuer's ALL consisted of a qualitative component and an unallocated reserve component. The firm's approach for substantively testing the ALL was to both test the issuer's process and develop an independent expectation of the estimate. The following deficiencies were identified: · The firm did not evaluate the relevance of external information it used to develop its independent expectation. (AS 1105.04 and .06) Triennially Inspected 6524 T.E. Lott and Company, A Professional Association 2023 United States 2023-12-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2501 22 The issuer's ALL consisted of a qualitative component and an unallocated reserve component. The firm's approach for substantively testing the ALL was to both test the issuer's process and develop an independent expectation of the estimate. The following deficiencies were identified: · The firm did not perform procedures to demonstrate it had a reasonable basis for certain assumptions it used to develop its independent expectation. (AS 2501.22) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 1 AS 2201 42 The firm selected for testing a control over the review of goodwill and intangible assets for impairment. The firm did not evaluate the review procedures that the control owners performed to evaluate the reasonableness of certain assumptions the issuer used in its impairment analysis. (AS 2201.42 and .44) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 1 AS 2201 44 The firm selected for testing a control over the review of goodwill and intangible assets for impairment. The firm did not evaluate the review procedures that the control owners performed to evaluate the reasonableness of certain assumptions the issuer used in its impairment analysis. (AS 2201.42 and .44) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 2 AS 1105 4 The issuer engaged an external specialist to perform an impairment evaluation for certain goodwill and intangible assets as of year end. The firm's approach for substantively testing the goodwill and intangible assets impairment evaluation was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain external information it used in its substantive procedures. (AS 1105.04 and .06) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 2 AS 1105 6 The issuer engaged an external specialist to perform an impairment evaluation for certain goodwill and intangible assets as of year end. The firm's approach for substantively testing the goodwill and intangible assets impairment evaluation was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain external information it used in its substantive procedures. (AS 1105.04 and .06) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 3 AS 2501 16 The issuer engaged an external specialist to perform an impairment evaluation for certain goodwill and intangible assets as of year end. The firm's approach for substantively testing the goodwill and intangible assets impairment evaluation was to test the issuer's process. The following deficiencies were identified: · The firm did not evaluate whether the issuer had a reasonable basis for certain significant assumptions related to revenue projections it developed that were used by the company's specialist including taking into account the issuer's intent and ability to carry out those projections. (AS 2501.16 and .17) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 3 AS 2501 17 The issuer engaged an external specialist to perform an impairment evaluation for certain goodwill and intangible assets as of year end. The firm's approach for substantively testing the goodwill and intangible assets impairment evaluation was to test the issuer's process. The following deficiencies were identified: · The firm did not evaluate whether the issuer had a reasonable basis for certain significant assumptions related to revenue projections it developed that were used by the company's specialist including taking into account the issuer's intent and ability to carry out those projections. (AS 2501.16 and .17) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 4 AS 2501 16 The issuer engaged an external specialist to perform an impairment evaluation for certain goodwill and intangible assets as of year end. The firm's approach for substantively testing the goodwill and intangible assets impairment evaluation was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures beyond inquiry to evaluate the reasonableness of certain other significant assumptions the issuer developed that were used by the company's specialist. (AS 2501.16) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 5 AS 2201 62 The firm identified control deficiencies during its testing of internal controls. The firm did not evaluate the severity of certain of these control deficiencies to determine whether the deficiencies individually or in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 27 To substantively test revenue the firm selected revenue transactions for testing that exceeded a monetary threshold. The firm did not perform sufficient procedures to test the remaining population of revenue transactions as its testing was limited to comparing prior year revenues to current year amounts. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 To substantively test revenue the firm selected revenue transactions for testing that exceeded a monetary threshold. The firm did not perform sufficient procedures to test the remaining population of revenue transactions as its testing was limited to comparing prior year revenues to current year amounts. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 To substantively test revenue the firm selected revenue transactions for testing that exceeded a monetary threshold. The firm did not perform sufficient procedures to test the remaining population of revenue transactions as its testing was limited to comparing prior year revenues to current year amounts. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2201 42 The firm selected for testing a control that consisted of the review of journal entries. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) the appropriateness of the journal entries and (2) whether the journal entries had been approved in accordance with the issuer's process to support appropriate segregation of duties related to journal entry initiation review and posting. (AS 2201.42 and .44) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2201 44 The firm selected for testing a control that consisted of the review of journal entries. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) the appropriateness of the journal entries and (2) whether the journal entries had been approved in accordance with the issuer's process to support appropriate segregation of duties related to journal entry initiation review and posting. (AS 2201.42 and .44) Triennially Inspected 6651 Kreit & Chiu CPA LLP 2023 United States 2023-12-11T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 The firm identified characteristics of potentially fraudulent entries or adjustments for testing. However the firm did not determine whether any journal entries met those characteristics and instead limited its testing to haphazardly selected journal entries. (AS 2401.61) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For certain IT systems the firm selected for testing controls that included the issuer's review of changes to these IT systems. For certain of these IT systems the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not determine whether the control owners possessed the necessary competence to perform these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For certain IT systems the firm selected for testing controls that included the issuer's review of changes to these IT systems. For certain of these IT systems the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not determine whether the control owners possessed the necessary competence to perform these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For certain IT systems the firm selected for testing controls that included the issuer's review of changes to these IT systems. For certain of these IT systems the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not determine whether the control owners possessed the necessary competence to perform these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For certain IT systems the firm selected for testing controls that included the issuer's review of changes to these IT systems. For certain of these IT systems the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not determine whether the control owners possessed the necessary competence to perform these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For certain IT systems the firm selected for testing controls that included the issuer's review of changes to these IT systems. For certain of these IT systems the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not determine whether the control owners possessed the necessary competence to perform these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For certain IT systems the firm selected for testing controls that included the issuer's review of changes to these IT systems. For certain of these IT systems the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not determine whether the control owners possessed the necessary competence to perform these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For certain IT systems the firm selected for testing controls that included the issuer's review of changes to these IT systems. For certain of these IT systems the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not determine whether the control owners possessed the necessary competence to perform these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For certain IT systems the firm selected for testing controls that included the issuer's review of changes to these IT systems. For certain of these IT systems the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not determine whether the control owners possessed the necessary competence to perform these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For another IT system the firm selected for testing controls over change management but did not perform procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 3 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For another IT system the firm selected for testing controls over change management but did not perform procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For another IT system the firm selected for testing controls over change management but did not perform procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to change management: · For another IT system the firm selected for testing controls over change management but did not perform procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The issuer used tools to manage user access to certain IT systems. The firm selected for testing controls over user access for these IT systems but did not test whether user access to certain of these IT systems was appropriately granted based on the permissions defined in these tools. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 4 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The issuer used tools to manage user access to certain IT systems. The firm selected for testing controls over user access for these IT systems but did not test whether user access to certain of these IT systems was appropriately granted based on the permissions defined in these tools. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The issuer used tools to manage user access to certain IT systems. The firm selected for testing controls over user access for these IT systems but did not test whether user access to certain of these IT systems was appropriately granted based on the permissions defined in these tools. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The issuer used tools to manage user access to certain IT systems. The firm selected for testing controls over user access for these IT systems but did not test whether user access to certain of these IT systems was appropriately granted based on the permissions defined in these tools. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The firm selected for testing controls that included the issuer's review of administrative access to certain tools the issuer used to manage access to certain IT systems. The firm did not perform procedures to assess the control owners' (1) determination of whether administrative access to these tools was appropriate and (2) evaluation of certain users' access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 5 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The firm selected for testing controls that included the issuer's review of administrative access to certain tools the issuer used to manage access to certain IT systems. The firm did not perform procedures to assess the control owners' (1) determination of whether administrative access to these tools was appropriate and (2) evaluation of certain users' access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The firm selected for testing controls that included the issuer's review of administrative access to certain tools the issuer used to manage access to certain IT systems. The firm did not perform procedures to assess the control owners' (1) determination of whether administrative access to these tools was appropriate and (2) evaluation of certain users' access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The firm selected for testing controls that included the issuer's review of administrative access to certain tools the issuer used to manage access to certain IT systems. The firm did not perform procedures to assess the control owners' (1) determination of whether administrative access to these tools was appropriate and (2) evaluation of certain users' access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The firm selected for testing controls that included the issuer's review of administrative access to certain tools the issuer used to manage access to certain IT systems. The firm did not perform procedures to assess the control owners' (1) determination of whether administrative access to these tools was appropriate and (2) evaluation of certain users' access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 5 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The firm selected for testing controls that included the issuer's review of administrative access to certain tools the issuer used to manage access to certain IT systems. The firm did not perform procedures to assess the control owners' (1) determination of whether administrative access to these tools was appropriate and (2) evaluation of certain users' access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The firm selected for testing controls that included the issuer's review of administrative access to certain tools the issuer used to manage access to certain IT systems. The firm did not perform procedures to assess the control owners' (1) determination of whether administrative access to these tools was appropriate and (2) evaluation of certain users' access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to revenue and the related accounts receivable investment securities and cash. With respect to user access: · The firm selected for testing controls that included the issuer's review of administrative access to certain tools the issuer used to manage access to certain IT systems. The firm did not perform procedures to assess the control owners' (1) determination of whether administrative access to these tools was appropriate and (2) evaluation of certain users' access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 The firm selected for testing certain automated controls that the issuer used to process and record revenue transactions. The firm did not sufficiently test these controls because the firm did not test whether these controls were designed to address and/or operated as designed for each relevant processing alternative. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 42 The firm selected for testing certain automated controls that the issuer used to process and record revenue transactions. The firm did not sufficiently test these controls because the firm did not test whether these controls were designed to address and/or operated as designed for each relevant processing alternative. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 The firm selected for testing certain automated controls that the issuer used to process and record revenue transactions. The firm did not sufficiently test these controls because the firm did not test whether these controls were designed to address and/or operated as designed for each relevant processing alternative. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 44 The firm selected for testing certain automated controls that the issuer used to process and record revenue transactions. The firm did not sufficiently test these controls because the firm did not test whether these controls were designed to address and/or operated as designed for each relevant processing alternative. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 39 The firm selected for testing certain other controls that the issuer used to process and record revenue transactions. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 39 The firm selected for testing certain other controls that the issuer used to process and record revenue transactions. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls or (2) in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls or (2) in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 18 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 18 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 37 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 37 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 19 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 19 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 23 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 23 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 23A As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 23A As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue and the related accounts receivable as follows: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used an IT system to retain certain data related to revenue and deferred revenue. The firm tested certain IT-dependent manual controls that used data from this IT system. As a result of the deficiencies in the firm's testing of controls the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an IT system to retain certain data related to revenue and deferred revenue. The firm tested certain IT-dependent manual controls that used data from this IT system. As a result of the deficiencies in the firm's testing of controls the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 39 The issuer used an IT system to retain certain data related to revenue and deferred revenue. The firm did not identify and test any controls that addressed the risk that inappropriate changes could be made to the data in this IT system. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used an IT system to retain certain data related to revenue and deferred revenue. The firm did not identify and test any controls that addressed the risk that inappropriate changes could be made to the data in this IT system. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 42 The issuer used an IT system to retain certain data related to revenue and deferred revenue. The firm selected for testing a control that included the issuer's review of the configuration of the tool the issuer used to transfer data into this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess the configuration of this tool. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer used an IT system to retain certain data related to revenue and deferred revenue. The firm selected for testing a control that included the issuer's review of the configuration of the tool the issuer used to transfer data into this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess the configuration of this tool. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 44 The issuer used an IT system to retain certain data related to revenue and deferred revenue. The firm selected for testing a control that included the issuer's review of the configuration of the tool the issuer used to transfer data into this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess the configuration of this tool. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used an IT system to retain certain data related to revenue and deferred revenue. The firm selected for testing a control that included the issuer's review of the configuration of the tool the issuer used to transfer data into this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess the configuration of this tool. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2201 42 The issuer used an IT system to retain certain data related to revenue and deferred revenue. The firm selected for testing a control that included the issuer's review of the configuration of the tool the issuer used to transfer data into this IT system. In evaluating the design of this control the firm did not assess whether the issuer's review occurred with sufficient frequency to address the risks of material misstatement. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The issuer used an IT system to retain certain data related to revenue and deferred revenue. The firm selected for testing a control that included the issuer's review of the configuration of the tool the issuer used to transfer data into this IT system. In evaluating the design of this control the firm did not assess whether the issuer's review occurred with sufficient frequency to address the risks of material misstatement. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 1105 10 For certain revenue and deferred revenue the firm did not perform procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 For certain revenue and deferred revenue the firm did not perform procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2305 16 For certain revenue and deferred revenue the firm did not perform procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2305 16 For certain revenue and deferred revenue the firm did not perform procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 1105 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The firm performed substantive procedures to test the accuracy of certain issuer-produced data the firm used in its testing of the relative standalone selling prices. The sample sizes the firm used in these substantive procedures were smaller than the ones the firm determined necessary to provide sufficient appropriate audit evidence. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The firm performed substantive procedures to test the accuracy of certain issuer-produced data the firm used in its testing of the relative standalone selling prices. The sample sizes the firm used in these substantive procedures were smaller than the ones the firm determined necessary to provide sufficient appropriate audit evidence. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2201 39 The issuer recognized certain of this revenue based on the date when electronic delivery occurred. The firm did not identify and test any controls over the accuracy of these delivery dates. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 39 The issuer recognized certain of this revenue based on the date when electronic delivery occurred. The firm did not identify and test any controls over the accuracy of these delivery dates. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 With respect to three of the issuer's business units the following deficiency was identified: The firm's testing of certain automated controls over revenue and accounts receivable was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 With respect to three of the issuer's business units the following deficiency was identified: The firm's testing of certain automated controls over revenue and accounts receivable was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 For two of these business units the firm selected for testing a control that included the issuer's reviews of adjustments to the contract prices that were used to recognize revenue. The following deficiency was identified: · For the first business unit when evaluating the design of the control the firm did not evaluate (1) the criteria the control owners used to identify items for follow-up and (2) the number of items the control owner reviewed to assess whether it was sufficient to address the risk of material misstatement. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 For two of these business units the firm selected for testing a control that included the issuer's reviews of adjustments to the contract prices that were used to recognize revenue. The following deficiency was identified: · For the first business unit when evaluating the design of the control the firm did not evaluate (1) the criteria the control owners used to identify items for follow-up and (2) the number of items the control owner reviewed to assess whether it was sufficient to address the risk of material misstatement. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 For two of these business units the firm selected for testing a control that included the issuer's reviews of adjustments to the contract prices that were used to recognize revenue. The following deficiency was identified: · For the second business unit the firm did not identify and test any controls over the completeness of the report the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 For two of these business units the firm selected for testing a control that included the issuer's reviews of adjustments to the contract prices that were used to recognize revenue. The following deficiency was identified: · For the second business unit the firm did not identify and test any controls over the completeness of the report the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 10 For two of these business units the firm selected for testing controls over contract pricing but did not perform any substantive procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 For two of these business units the firm selected for testing controls over contract pricing but did not perform any substantive procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 1105 10 The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's tests of details of certain data underlying the analysis. The sample sizes the firm used in certain of these tests of details were smaller than the ones the firm determined necessary for these procedures. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 10 The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's tests of details of certain data underlying the analysis. The sample sizes the firm used in certain of these tests of details were smaller than the ones the firm determined necessary for these procedures. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The issuer used multiple IT systems to initiate process and record transactions related to this inventory. In its testing of controls over this account the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The firm did not identify and test any controls that addressed the risk that unauthorized changes were made to the databases that supported certain of these systems. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to this inventory. In its testing of controls over this account the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The firm did not identify and test any controls that addressed the risk that unauthorized changes were made to the databases that supported certain of these systems. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm selected for testing controls over the transfers of data between certain of the issuer's inventory systems and the general ledger. The firm did not identify and test any controls over the accuracy and completeness of certain reports used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 46 The firm selected for testing certain automated controls over this inventory. The firm's testing of only one instance of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this inventory as follows: · The firm's substantive procedures to test this inventory included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 18 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this inventory as follows: · The firm's substantive procedures to test this inventory included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 37 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this inventory as follows: · The firm's substantive procedures to test this inventory included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2305 20 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this inventory as follows: · The firm's substantive procedures to test this inventory included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this inventory as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2305 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this inventory as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 7 AS 2201 42 The issuer used cash-flow forecasts to evaluate whether any impairment indicators existed for certain long-lived assets. The firm selected for testing two controls that consisted of the issuer's reviews of (1) the methodology it used to prepare these cash-flow forecasts and (2) certain of these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain assumptions the issuer used in these cash-flow forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 7 AS 2201 44 The issuer used cash-flow forecasts to evaluate whether any impairment indicators existed for certain long-lived assets. The firm selected for testing two controls that consisted of the issuer's reviews of (1) the methodology it used to prepare these cash-flow forecasts and (2) certain of these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain assumptions the issuer used in these cash-flow forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 8 AS 2201 42 The issuer used cash-flow forecasts to evaluate whether any impairment indicators existed for certain long-lived assets. The firm selected for testing two controls that consisted of the issuer's reviews of (1) the methodology it used to prepare these cash-flow forecasts and (2) certain of these cash-flow forecasts. When evaluating the design of the second control the firm did not evaluate the number of items the control owner reviewed to assess whether it was sufficient to address the risks of material misstatement. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 39 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The issuer recognized certain of this revenue using contractual rates input into the system the issuer used to recognize revenue. The firm did not identify and test any controls over the accuracy of these contractual rates. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The issuer recognized certain of this revenue using contractual rates input into the system the issuer used to recognize revenue. The firm did not identify and test any controls over the accuracy of these contractual rates. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 44 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing a control over the automated calculation of certain of this revenue. The firm did not test whether this control operated as designed for each relevant processing alternative. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing a control over the automated calculation of certain of this revenue. The firm did not test whether this control operated as designed for each relevant processing alternative. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 42 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing controls related to the issuer's allocation of certain transactions between this revenue and the related deferred revenue. For two of these controls the firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of this allocation. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing controls related to the issuer's allocation of certain transactions between this revenue and the related deferred revenue. For two of these controls the firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of this allocation. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 44 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing controls related to the issuer's allocation of certain transactions between this revenue and the related deferred revenue. For two of these controls the firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of this allocation. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing controls related to the issuer's allocation of certain transactions between this revenue and the related deferred revenue. For two of these controls the firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of this allocation. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2201 39 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing controls related to the issuer's allocation of certain transactions between this revenue and the related deferred revenue. For a third control the firm did not identify and test any controls over the accuracy and completeness of certain data that the control owner used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing controls related to the issuer's allocation of certain transactions between this revenue and the related deferred revenue. For a third control the firm did not identify and test any controls over the accuracy and completeness of certain data that the control owner used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 1105 10 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm's approach for substantively testing this revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The firm did not sufficiently test this underlying data because for certain cash selections the firm did not evaluate whether the cash receipts related to this revenue. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm's approach for substantively testing this revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The firm did not sufficiently test this underlying data because for certain cash selections the firm did not evaluate whether the cash receipts related to this revenue. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2201 39 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's reviews of this revenue and the related deferred revenue. The firm did not identify and test any controls over the accuracy of certain data and reports that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's reviews of this revenue and the related deferred revenue. The firm did not identify and test any controls over the accuracy of certain data and reports that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2301 16 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 16 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2301 18 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 18 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2301 37 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 37 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2315 19 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 19 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2315 23 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 23 With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2315 23A With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 23A With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The sample size that the firm used in certain of its substantive procedures to test this deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 8 AS 1105 10 For these two types of deferred revenue the firm used certain reports in its substantive testing but did not perform any procedures to test or test any controls over the accuracy of these reports. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2305 20 With respect to a third type of revenue the firm's substantive procedures included performing substantive analytical procedures. The threshold that the firm established to investigate differences was too high to identify misstatements that could be material either individually or in the aggregate. (AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2305 21 With respect to a third type of revenue the firm's substantive procedures included performing substantive analytical procedures. The firm identified certain differences in excess of the firm's established threshold but did not obtain any evidential matter to corroborate the differences. (AS 2305.21) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and the related accounts receivable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and the related accounts receivable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and the related accounts receivable. · The firm selected for testing controls that consisted of the issuer's reviews of new user access and changes made to its production environment for these IT systems. The number of items the firm selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and the related accounts receivable. · The firm selected for testing controls that consisted of the issuer's reviews of new user access and changes made to its production environment for these IT systems. The number of items the firm selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and the related accounts receivable. · The firm selected for testing a control over the periodic review of user access for each of these IT systems. The firm did not identify and test any controls over the accuracy and completeness of certain information included in manually prepared spreadsheets that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and the related accounts receivable. · The firm selected for testing a control over the periodic review of user access for each of these IT systems. The firm did not identify and test any controls over the accuracy and completeness of certain information included in manually prepared spreadsheets that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 46 The firm's testing of certain automated controls over this revenue and accounts receivable was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 46 The firm's testing of certain automated controls over this revenue and accounts receivable was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 For certain revenue which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing controls over certain of this revenue that consisted of the issuer's reviews of financial results. The firm did not evaluate whether the design of these controls was sufficiently precise to detect material misstatements. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 For certain revenue which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing three IT-dependent manual controls over the processing of certain customer orders and invoices. For two of these controls the firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 46 For certain revenue which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing three IT-dependent manual controls over the processing of certain customer orders and invoices. For the third control the firm's testing of controls over the accuracy and completeness of a report used in the operation of this control using a sample of only one instance was not sufficient because the firm did not test whether changes to configurations within these controls were subject to effective ITGCs over these IT systems. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 1105 10 For certain revenue which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm did not test or test any controls over the completeness of the system-generated reports that it used to make selections for testing certain controls over this revenue. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2301 45 The firm performed substantive procedures to test certain revenue as of an interim date. The firm did not perform sufficient procedures to extend its conclusions from the interim date to year end because it did not (1) compare relevant information about this revenue at the interim date with comparable information at year end to identify amounts that appear unusual and investigate such amounts and (2) perform audit procedures to test the remaining period beyond performing a correlation analysis without testing the underlying data used in this analysis. (AS 2301.45) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 39 For certain revenue and the related deferred revenue the firm did not identify and test any controls over certain data that the issuer used to determine whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For certain revenue and the related deferred revenue the firm did not identify and test any controls over certain data that the issuer used to determine whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 1105 10 The firm's approach for substantively testing this revenue and the related deferred revenue included performing a software-assisted analysis to test the relationships among revenue accounts receivable deferred revenue and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The sample the firm tested for the second half of the year was smaller than the one the firm determined necessary for these procedures. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm's approach for substantively testing this revenue and the related deferred revenue included performing a software-assisted analysis to test the relationships among revenue accounts receivable deferred revenue and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The sample the firm tested for the second half of the year was smaller than the one the firm determined necessary for these procedures. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 1105 10 The firm used issuer-produced delivery data in its substantive testing of certain other revenue and the related deferred revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The firm used issuer-produced delivery data in its substantive testing of certain other revenue and the related deferred revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 1 AS 2201 42 The issuer used an IT system to process and record transactions related to inventory and debt. The firm selected for testing a control that consisted of the issuer's reviews of instances where administrative access was granted that allowed the issuer's IT personnel to make changes to this system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for certain instances selected for testing. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer used an IT system to process and record transactions related to inventory and debt. The firm selected for testing a control that consisted of the issuer's reviews of instances where administrative access was granted that allowed the issuer's IT personnel to make changes to this system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for certain instances selected for testing. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 1 AS 2201 44 The issuer used an IT system to process and record transactions related to inventory and debt. The firm selected for testing a control that consisted of the issuer's reviews of instances where administrative access was granted that allowed the issuer's IT personnel to make changes to this system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for certain instances selected for testing. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer used an IT system to process and record transactions related to inventory and debt. The firm selected for testing a control that consisted of the issuer's reviews of instances where administrative access was granted that allowed the issuer's IT personnel to make changes to this system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for certain instances selected for testing. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 2 AS 2201 46 The issuer used an IT system to process and record transactions related to inventory and debt. The firm selected for testing a control that consisted of the issuer's reviews of instances where administrative access was granted that allowed the issuer's IT personnel to make changes to this system. The number of instances selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 46 The issuer used an IT system to process and record transactions related to inventory and debt. The firm selected for testing a control that consisted of the issuer's reviews of instances where administrative access was granted that allowed the issuer's IT personnel to make changes to this system. The number of instances selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 3 AS 2201 46 In its testing of controls over this inventory and debt the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of ITGCs discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 46 In its testing of controls over this inventory and debt the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of ITGCs discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The issuer performed cycle counts of certain inventory held at one of its warehouses. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether all of this inventory was assigned a frequency to be counted. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 The issuer performed cycle counts of certain inventory held at one of its warehouses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review and approval of count frequencies that had been assigned to this inventory. The firm did not identify and test any controls that addressed whether these approved count frequencies were entered into the system accurately and completely. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The issuer performed cycle counts of certain inventory held at one of its warehouses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review and approval of count frequencies that had been assigned to this inventory. The firm did not identify and test any controls over the accuracy and completeness of certain system-generated reports used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 42 The issuer performed cycle counts of certain inventory held at one of its warehouses. The following deficiencies were identified: · The firm selected for testing an automated control over the selection of items for cycle counting this inventory. The firm did not test whether the system was appropriately configured to achieve the frequency schedule established by management. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 44 The issuer performed cycle counts of certain inventory held at one of its warehouses. The following deficiencies were identified: · The firm selected for testing an automated control over the selection of items for cycle counting this inventory. The firm did not test whether the system was appropriately configured to achieve the frequency schedule established by management. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2201 39 The firm selected for testing a control that included the issuer's cycle-count procedures for certain inventory held at other locations. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2510 11 As a result of the firm's control testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for certain inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2301 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2301 18 As a result of the firm's control testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2301 37 As a result of the firm's control testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2315 19 As a result of the firm's control testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2315 23 As a result of the firm's control testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2315 23A As a result of the firm's control testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 11 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 12 AS 2301 8 The firm's substantive procedures to test the unit cost of certain inventory included selecting a sample of inventory items for testing. For certain items in its sample the firm did not perform any procedures to test the cost of the raw materials included in the unit costs. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of revenue including the estimated costs to complete. The firm did not identify and test any controls over the accuracy and/or completeness of certain data that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiencies were identified: · The firm used certain data in its substantive testing of revenue but did not perform any procedures to test or test any controls over the accuracy and/or completeness of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 16 The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiencies were identified: · The firm's sample size for testing revenue was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23 The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiencies were identified: · The firm's sample size for testing revenue was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23A The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiencies were identified: · The firm's sample size for testing revenue was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The firm selected for testing certain automated controls that the issuer used to process and record transactions related to revenue deferred revenue and accounts receivable. The firm did not sufficiently test these controls because the firm did not test the programming of these controls or perform other procedures that would have provided sufficient appropriate evidence that these controls were designed and operating effectively. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The firm selected for testing certain automated controls that the issuer used to process and record transactions related to revenue deferred revenue and accounts receivable. The firm did not sufficiently test these controls because the firm did not test the programming of these controls or perform other procedures that would have provided sufficient appropriate evidence that these controls were designed and operating effectively. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The firm selected for testing certain automated controls that the issuer used to process and record transactions related to revenue deferred revenue and accounts receivable. The firm did not sufficiently test these controls because the firm did not test the programming of these controls or perform other procedures that would have provided sufficient appropriate evidence that these controls were designed and operating effectively. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The firm selected for testing certain automated controls that the issuer used to process and record transactions related to revenue deferred revenue and accounts receivable. For certain of these controls the firm did not test whether these controls operated as designed for each relevant processing alternative. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 44 The firm selected for testing certain automated controls that the issuer used to process and record transactions related to revenue deferred revenue and accounts receivable. For certain of these controls the firm did not test whether these controls operated as designed for each relevant processing alternative. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing certain automated controls that the issuer used to process and record transactions related to revenue deferred revenue and accounts receivable. For certain of these controls the firm did not test whether these controls operated as designed for each relevant processing alternative. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 2201 42 During the year the issuer acquired a business. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair values of assets acquired and liabilities assumed including the assumptions and data the issuer used. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the fair values of certain tangible assets acquired and liabilities assumed and (2) the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 2201 44 During the year the issuer acquired a business. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair values of assets acquired and liabilities assumed including the assumptions and data the issuer used. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the fair values of certain tangible assets acquired and liabilities assumed and (2) the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 4 AS 2201 42 During the year the issuer acquired a business. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair values of assets acquired and liabilities assumed including the assumptions and data the issuer used. The firm did not test the aspects of one of these controls that addressed the accuracy and completeness of certain of these data. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 4 AS 2201 44 During the year the issuer acquired a business. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair values of assets acquired and liabilities assumed including the assumptions and data the issuer used. The firm did not test the aspects of one of these controls that addressed the accuracy and completeness of certain of these data. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 5 AS 2501 16 During the year the issuer acquired a business. The following deficiency was identified: · The firm's approach for substantively testing the fair values of these acquired intangible assets was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of certain of the significant assumptions the issuer used because the firm did not evaluate whether these assumptions were consistent with certain industry factors and the issuer's historical experience. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 6 AS 1105 A8a During the year the issuer acquired a business. The following deficiency was identified: · The firm's approach for substantively testing the fair values of these acquired intangible assets was to test the issuer's process. The firm did not perform any procedures to test the accuracy and completeness of certain issuer-produced data that the company's specialist used to determine the fair value of certain of these acquired intangible assets. (AS 1105.A8a) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of capitalized cost variances for certain inventory. The firm did not identify and test any controls over the accuracy of certain data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2501 16 During the year the issuer acquired multiple businesses and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The firm's approach for substantively testing the valuation of these acquired intangible assets was to test the issuer's process. The following deficiency was identified: · For one of these acquired intangible assets the firm did not evaluate the reasonableness of a significant assumption that the issuer used in these cash-flow forecasts. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 A8a During the year the issuer acquired multiple businesses and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The firm's approach for substantively testing the valuation of these acquired intangible assets was to test the issuer's process. The following deficiency was identified: · For another of these acquired intangible assets the firm did not test the accuracy and completeness of certain issuer-produced data that a company's specialist used to develop a significant assumption that was used in these cash-flow forecasts. (AS 1105.A8a) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2315 16 The firm's substantive procedures to test certain acquired deferred revenue consisted of selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2315 23 The firm's substantive procedures to test certain acquired deferred revenue consisted of selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2315 23A The firm's substantive procedures to test certain acquired deferred revenue consisted of selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 30 The firm did not identify and evaluate that the issuer's omission of the disclosure of revenue recognized from contracts with customers separately from its other sources of revenue was not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosure of revenue recognized from contracts with customers and determined a disclosure was omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this omission in a subsequent filing. Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 31 The firm did not identify and evaluate that the issuer's omission of the disclosure of revenue recognized from contracts with customers separately from its other sources of revenue was not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosure of revenue recognized from contracts with customers and determined a disclosure was omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this omission in a subsequent filing. Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to revenue and inventory at one of the issuer's locations. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm selected for testing an ITGC that consisted of the issuer's review of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owner performed to determine which of these changes required approval prior to implementation into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to revenue and inventory at one of the issuer's locations. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm selected for testing an ITGC that consisted of the issuer's review of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owner performed to determine which of these changes required approval prior to implementation into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to revenue and inventory at one of the issuer's locations. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm selected for testing an ITGC that consisted of the issuer's review of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owner performed to determine which of these changes required approval prior to implementation into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to revenue and inventory at one of the issuer's locations. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm selected for testing an ITGC that consisted of the issuer's review of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owner performed to determine which of these changes required approval prior to implementation into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 46 The issuer used an IT system to initiate process and record transactions related to revenue and inventory at one of the issuer's locations. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm selected for testing an ITGC that consisted of the issuer's review of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owner performed to determine which of these changes required approval prior to implementation into the production environment. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer used an IT system to initiate process and record transactions related to revenue and inventory at one of the issuer's locations. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm selected for testing an ITGC that consisted of the issuer's review of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owner performed to determine which of these changes required approval prior to implementation into the production environment. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer used multiple IT systems to initiate process and record transactions related to revenue at certain of the issuer's locations. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of certain price and quantity information that was entered into these IT systems and used to generate customer invoices and recognize revenue. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The issuer used multiple IT systems to initiate process and record transactions related to revenue at certain of the issuer's locations. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review and approval of changes to prices maintained in these IT systems. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of certain of these price changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The issuer used multiple IT systems to initiate process and record transactions related to revenue at certain of the issuer's locations. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review and approval of changes to prices maintained in these IT systems. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of certain of these price changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to revenue at certain of the issuer's locations. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review and approval of changes to prices maintained in these IT systems. The number of price changes the firm selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to revenue at certain of the issuer's locations. The following deficiencies were identified: · For certain of these locations the firm selected for testing an automated control over the generation of customer invoices. The firm did not test the programming of this automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 16 The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 18 The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 37 The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 19 The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 23 The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 23A The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 8 The issuer recorded revenue at certain of the issuer's locations net of customer discounts rebates and other deductions. The following deficiencies were identified: · For certain of these locations the firm did not perform any substantive procedures to test these sales deductions. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2305 16 The issuer recorded revenue at certain of the issuer's locations net of customer discounts rebates and other deductions. The following deficiencies were identified: · For another of these locations the firm's substantive procedures to test these sales deductions consisted of substantive analytical procedures. The firm used data to develop its expectations but did not test or test any controls over the accuracy and completeness of certain of these data. (AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2305 21 The issuer recorded revenue at certain of the issuer's locations net of customer discounts rebates and other deductions. The following deficiencies were identified: · For another of these locations the firm's substantive procedures to test these sales deductions consisted of substantive analytical procedures. The firm identified differences in excess of the firm's established threshold but did not evaluate these differences beyond inquiring of management. (AS 2305.21) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 For certain revenue the issuer used a service organization to fulfill certain customer orders and the remaining customer orders were fulfilled by the issuer. The issuer recognized this revenue based on the date when delivery occurred. The following deficiency was identified: · The firm did not identify and test any controls over these delivery dates. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 B19 For certain revenue the issuer used a service organization to fulfill certain customer orders and the remaining customer orders were fulfilled by the issuer. The issuer recognized this revenue based on the date when delivery occurred. The following deficiency was identified: · The firm did not identify and test any controls over these delivery dates. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For certain revenue the issuer used a service organization to fulfill certain customer orders and the remaining customer orders were fulfilled by the issuer. The issuer recognized this revenue based on the date when delivery occurred. The following deficiency was identified: · The firm used these delivery dates in certain of its substantive procedures to test this revenue. The firm did not perform substantive procedures to test these delivery dates beyond comparing the dates to system-generated reports. (AS 2301.08 and .13) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For certain revenue the issuer used a service organization to fulfill certain customer orders and the remaining customer orders were fulfilled by the issuer. The issuer recognized this revenue based on the date when delivery occurred. The following deficiency was identified: · The firm used these delivery dates in certain of its substantive procedures to test this revenue. The firm did not perform substantive procedures to test these delivery dates beyond comparing the dates to system-generated reports. (AS 2301.08 and .13) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 42 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using qualitative factors. With respect to one of these qualitative factors the following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's reviews of the ACL including an assessment of this qualitative factor for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the significant assumptions the issuer used to develop this qualitative factor. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 44 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using qualitative factors. With respect to one of these qualitative factors the following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's reviews of the ACL including an assessment of this qualitative factor for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the significant assumptions the issuer used to develop this qualitative factor. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 2 AS 2501 16 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using qualitative factors. With respect to one of these qualitative factors the following deficiency was identified: · The firm's approach for substantively testing the ACL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions the issuer used to develop this qualitative factor. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 3 AS 2315 16 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample size was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 3 AS 2315 23 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample size was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 3 AS 2315 23A The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample size was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer recorded its investment securities and related disclosures based on data it obtained from a service organization. The firm selected for testing controls that included the issuer's comparisons of its recorded investment securities to these data. The firm did not identify and test any controls over the accuracy and completeness of these data. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these securities within the fair value hierarchy set forth in FASB ASC Topic 820 Fair Value Measurement. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2301 45 For investment securities tested at an interim date the firm did not perform any procedures to extend its conclusions from the interim date to year end. (AS 2301.45) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer recognized certain revenue based on rates automatically applied to various transaction types and volumes. The firm selected for testing a control that consisted of the issuer's reviews of changes to these rates. The firm did not test the aspect of this control that addressed whether all applicable rate changes were made and appropriately applied to the corresponding transaction types and volumes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer recognized certain revenue based on rates automatically applied to various transaction types and volumes. The firm selected for testing a control that consisted of the issuer's reviews of changes to these rates. The firm did not test the aspect of this control that addressed whether all applicable rate changes were made and appropriately applied to the corresponding transaction types and volumes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A Q No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 42 During the year the issuer acquired a business. The issuer accounted for an acquired investment using the equity method and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiency was identified: · The firm selected for testing controls over the accounting for this business combination which included the issuer's review of assumptions used in these cash-flow forecasts. The firm did not evaluate the specific review procedures the control owner performed to assess (1) the appropriateness of the accounting for this investment and certain acquired assets and (2) the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A Q No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 44 During the year the issuer acquired a business. The issuer accounted for an acquired investment using the equity method and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiency was identified: · The firm selected for testing controls over the accounting for this business combination which included the issuer's review of assumptions used in these cash-flow forecasts. The firm did not evaluate the specific review procedures the control owner performed to assess (1) the appropriateness of the accounting for this investment and certain acquired assets and (2) the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A Q No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2501 16 During the year the issuer acquired a business. The issuer accounted for an acquired investment using the equity method and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiency was identified: · The firm's approach for substantively testing the valuation of these acquired intangible assets was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used in these cash-flow forecasts. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A Q No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 2301 8 During the year the issuer acquired a business. The issuer accounted for an acquired investment using the equity method and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiency was identified: · The firm did not perform any procedures to evaluate whether the accounting for this acquired investment and certain acquired assets was in conformity with FASB ASC Topic 323 Investments – Equity Method and Joint Ventures and FASB ASC Topic 970 Real Estate – General. Further the firm did not perform any substantive procedures to test the existence of these acquired assets. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A R No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 1 AS 2201 62 During the year the issuer identified misstatements in its accounting for certain leases and control deficiencies associated with these misstatements. The following audit deficiency was identified: · The firm did not evaluate the severity of these control deficiencies individually or in combination to determine whether they represented a material weakness. (AS 2201.62) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A R No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 1105 10 During the year the issuer identified misstatements in its accounting for certain leases and control deficiencies associated with these misstatements. The following audit deficiency was identified: · The firm performed substantive procedures to test certain of these misstatements but did not test or test any controls over the completeness of the lease data that the issuer used to calculate these misstatements. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A R No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test leases were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A R No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test leases were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A R No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test leases were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A R No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test leases were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A R No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test leases were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A R No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test leases were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A S No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 1 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The issuer used store-level operating results to evaluate whether any impairment indicators existed for its operating lease right-of-use assets and to perform an impairment analysis. The following deficiency was identified: · The firm selected for testing a control that included the issuer's reviews of the accuracy and completeness of these operating results and this impairment analysis. When evaluating the design of this control the firm did not evaluate the number of items the control owner reviewed to assess whether it was sufficient to address the risks of material misstatement. Further the firm did not identify that the control owner did not assess whether these operating results were accurately entered into this impairment analysis. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A S No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The issuer used store-level operating results to evaluate whether any impairment indicators existed for its operating lease right-of-use assets and to perform an impairment analysis. The following deficiency was identified: · The firm used these operating results in its substantive testing of the potential impairment of these lease right-of-use assets but did not perform any procedures to test or sufficiently test controls over the accuracy and completeness of these operating results. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A T No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 42 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiency was identified: · The firm selected for testing a control that included the issuer's review of assumptions used in these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A T No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 44 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiency was identified: · The firm selected for testing a control that included the issuer's review of assumptions used in these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A T No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2501 16 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiency was identified: · The firm's approach for substantively testing the valuation of these acquired intangible assets was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions used in these cash-flow forecasts because its procedures were limited to inquiring of management and for one of these assumptions comparing the current-year forecasted results to actual results. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A U No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 1 AS 2201 42 During the year the issuer entered into and disclosed transactions with related parties. The issuer conducted surveys of directors and officers of the company in determining its related parties and relationships and transactions with related parties. The following deficiency was identified: · The firm selected for testing controls that included the issuer's reviews of these surveys and its related party listing. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) whether related parties were properly identified and evaluated and (2) the completeness of certain information used in the operation of these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A U No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 1 AS 2201 44 During the year the issuer entered into and disclosed transactions with related parties. The issuer conducted surveys of directors and officers of the company in determining its related parties and relationships and transactions with related parties. The following deficiency was identified: · The firm selected for testing controls that included the issuer's reviews of these surveys and its related party listing. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) whether related parties were properly identified and evaluated and (2) the completeness of certain information used in the operation of these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A U No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 2 AS 2201 44 During the year the issuer entered into and disclosed transactions with related parties. The issuer conducted surveys of directors and officers of the company in determining its related parties and relationships and transactions with related parties. The following deficiency was identified: · The firm selected for testing controls that included the issuer's reviews of these surveys and its related party listing. In testing the operating effectiveness of these controls the firm did not evaluate whether the control owner identified and addressed certain differences between the issuer's survey results and its related party listing. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A U No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 3 AS 2410 14 During the year the issuer entered into and disclosed transactions with related parties. The issuer conducted surveys of directors and officers of the company in determining its related parties and relationships and transactions with related parties. The following deficiency was identified: · The firm did not sufficiently evaluate whether the issuer had properly identified and evaluated its related parties and relationships and transactions with related parties because the firm did not take into account whether the issuer had evaluated certain information including differences between its survey results and related party listing. (AS 2410.14) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A V No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 30 During the audit the firm did not identify and evaluate that the issuer's accounting for certain transactions as revenue was not in conformity with FASB ASC Topic 840 Leases. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these transactions and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A W No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 13 The issuer recognized one type of revenue from arrangements with related parties that provided for the reimbursement of certain costs that the issuer incurred. The firm identified a fraud risk related to the issuer's allocation of costs to these arrangements. For these costs the firm did not perform a test of details to address this fraud risk. (AS 2301.13) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A X No Financial statement audit only Audits with a single deficiency Leases 1 AS 2810 30 During the year the issuer entered into an amendment to an existing lease agreement. The firm did not identify and evaluate that the issuer's accounting for this lease amendment was not in conformity with FASB ASC Topic 842 Leases. (AS 2810.30) Annually Inspected 42 Ernst & Young LLP 2022 United States Ernst & Young Global Limited 2023-12-08T00:00:00 Part I.A Y No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 1105 10 The issuer recognized certain revenue from contracts based on labor hours recorded in the issuer's time system. The firm used these labor hours in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of these labor hours. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 1 AS 2201 39 The firm did not identify and test any controls that addressed the valuation of certain right-of-use assets. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2301 8 The firm did not perform any substantive procedures to test the valuation of these right-of-use assets. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 3 AS 2810 30 During the year the issuer entered into various lease transactions. The firm did not identify and evaluate the issuer's omission of certain disclosures related to these transactions that were required under FASB ASC Topic 842 Leases. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 3 AS 2810 31 During the year the issuer entered into various lease transactions. The firm did not identify and evaluate the issuer's omission of certain disclosures related to these transactions that were required under FASB ASC Topic 842 Leases. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 2201 39 The firm did not identify and test any controls over the issuer's determination of the reporting units that it used in its annual goodwill impairment analysis. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 2301 8 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's determination of the reporting units used in its goodwill impairment analysis. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 2201 42 The firm selected for testing two controls that included the issuer's review of the valuation methods and the underlying assumptions used in its goodwill impairment analysis. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the appropriateness of the valuation methods and the reasonableness of the underlying assumptions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 2201 44 The firm selected for testing two controls that included the issuer's review of the valuation methods and the underlying assumptions used in its goodwill impairment analysis. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the appropriateness of the valuation methods and the reasonableness of the underlying assumptions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 7 AS 2201 39 The firm selected for testing two controls that included the issuer's review of the valuation methods and the underlying assumptions used in its goodwill impairment analysis. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of these controls. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 8 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of its analysis to evaluate its ability to continue as a going concern. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 8 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of its analysis to evaluate its ability to continue as a going concern. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 9 AS 1105 4 The issuer used forecasted financial information to assess its ability to comply with a contractual debt covenant as part of its evaluation of its ability to continue as a going concern. The firm did not evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 9 AS 1105 6 The issuer used forecasted financial information to assess its ability to comply with a contractual debt covenant as part of its evaluation of its ability to continue as a going concern. The firm did not evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer's contracts with customers included standard and nonstandard terms. The firm's substantive procedures included an evaluation of the terms for a sample of the issuer's contracts with customers. The firm did not evaluate the nonstandard contract terms included in these contracts and whether these terms could have had an effect on revenue recognition. (AS 2301.08 and. 13) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer's contracts with customers included standard and nonstandard terms. The firm's substantive procedures included an evaluation of the terms for a sample of the issuer's contracts with customers. The firm did not evaluate the nonstandard contract terms included in these contracts and whether these terms could have had an effect on revenue recognition. (AS 2301.08 and. 13) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer recognized revenue based on inputs that included billing rates and labor hours incurred. The firm used certain labor hour information in its substantive testing of revenue. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer recognized revenue based on inputs that included billing rates and labor hours incurred. The firm used certain labor hour information in its substantive testing of revenue. For certain revenue the firm did not perform any procedures to test the billing rates that the issuer used to record revenue. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The issuer recognized revenue based on inputs that included billing rates and labor hours incurred. The firm used certain labor hour information in its substantive testing of revenue. For certain revenue the firm did not perform any procedures to test the billing rates that the issuer used to record revenue. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2501 7 The issuer recognized certain of its revenue from contracts based on its estimated progress toward complete satisfaction of its performance obligations. The firm selected for testing a sample of these contracts but it did not perform any substantive procedures to test the issuer's estimated progress. (AS 2501.07) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 The firm did not perform any procedures to test certain of the issuer's revenue disclosures. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a disclosure that was required under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a disclosure that was required under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 4 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The issuer developed forecasted cash flows using historical financial data from the acquired businesses to determine the fair values of certain acquired intangible assets and assumed liabilities. The firm did not perform any procedures to evaluate the reliability of the historical financial data beyond tracing this data to unaudited financial information. (AS 1105.04 and .06) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 6 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The issuer developed forecasted cash flows using historical financial data from the acquired businesses to determine the fair values of certain acquired intangible assets and assumed liabilities. The firm did not perform any procedures to evaluate the reliability of the historical financial data beyond tracing this data to unaudited financial information. (AS 1105.04 and .06) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 8 AS 2501 16 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The issuer developed forecasted cash flows using historical financial data from the acquired businesses to determine the fair values of certain acquired intangible assets and assumed liabilities. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions that the issuer used to develop the forecasted cash flows. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 9 AS 2810 30 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures that were required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 9 AS 2810 31 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures that were required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 For two business units the firm selected for testing two controls that included the issuer's review of the accuracy of pricing information used to record revenue. The firm did not identify and test any controls over the accuracy and completeness of certain pricing information that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 68 For a third business unit the firm identified a control deficiency related to the issuer's review of the accuracy of pricing information used to record revenue. For a fourth business unit the firm identified a significant deficiency related to change management over an information-technology (IT) system that the issuer used to manage customer pricing and process revenue transactions. The firm identified and tested a compensating control that it believed mitigated these deficiencies but did not identify that this control was not designed to address the risks of material misstatement related to inaccurate pricing information and inappropriate changes made to the issuer's IT system. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 16 The sample sizes the firm used in its substantive procedures to test revenue for three of the business units discussed above were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 18 The sample sizes the firm used in its substantive procedures to test revenue for three of the business units discussed above were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 37 The sample sizes the firm used in its substantive procedures to test revenue for three of the business units discussed above were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 19 The sample sizes the firm used in its substantive procedures to test revenue for three of the business units discussed above were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23 The sample sizes the firm used in its substantive procedures to test revenue for three of the business units discussed above were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23A The sample sizes the firm used in its substantive procedures to test revenue for three of the business units discussed above were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2101 11 With respect to revenue for certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units and (2) whether the risks of material misstatement including a fraud risk related to certain revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2101 12 With respect to revenue for certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units and (2) whether the risks of material misstatement including a fraud risk related to certain revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 With respect to revenue for certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue for these business units (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 39 With respect to revenue for certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not identify and test any controls over the issuer's revenue for certain of these business units. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 42 With respect to revenue for certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · For the remainder of these business units the firm selected for testing a control that consisted of the issuer's reconciliation of revenue recorded to cash receipts. The firm did not evaluate the specific review procedures that the control owners performed to evaluate exceptions identified during the operation of the control. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 44 With respect to revenue for certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · For the remainder of these business units the firm selected for testing a control that consisted of the issuer's reconciliation of revenue recorded to cash receipts. The firm did not evaluate the specific review procedures that the control owners performed to evaluate exceptions identified during the operation of the control. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 42 With respect to revenue for certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · For the remainder of these business units the firm selected for testing a control that consisted of the issuer's reconciliation of revenue recorded to cash receipts. The firm did not identify that this control was not designed to address revenue for which payment had not been collected by the issuer. (AS 2201.42) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer recognized certain of its revenue from customer contracts based on costs incurred to date relative to total estimated costs to complete these contracts. The issuer used certain significant assumptions to estimate the costs to complete these contracts. The following deficiencies were identified: · The firm selected for testing certain controls that included reviews of the total estimated costs to complete these contracts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the significant assumptions used to estimate the total costs to complete the contracts. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer recognized certain of its revenue from customer contracts based on costs incurred to date relative to total estimated costs to complete these contracts. The issuer used certain significant assumptions to estimate the costs to complete these contracts. The following deficiencies were identified: · The firm selected for testing certain controls that included reviews of the total estimated costs to complete these contracts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the significant assumptions used to estimate the total costs to complete the contracts. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2501 16 The issuer recognized certain of its revenue from customer contracts based on costs incurred to date relative to total estimated costs to complete these contracts. The issuer used certain significant assumptions to estimate the costs to complete these contracts. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of these significant assumptions. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 42 With respect to the issuer's disclosures related to revenue the following deficiencies were identified: · The firm selected for testing certain controls that included a review of the issuer's revenue disclosures. The firm did not evaluate the specific review procedures that the control owner performed to evaluate whether these disclosures were presented in conformity with GAAP. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 44 With respect to the issuer's disclosures related to revenue the following deficiencies were identified: · The firm selected for testing certain controls that included a review of the issuer's revenue disclosures. The firm did not evaluate the specific review procedures that the control owner performed to evaluate whether these disclosures were presented in conformity with GAAP. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 30 With respect to the issuer's disclosures related to revenue the following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain revenue disclosures that were required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 31 With respect to the issuer's disclosures related to revenue the following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain revenue disclosures that were required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2810 30 With respect to the issuer's disclosures related to revenue the following deficiencies were identified: · The firm did not evaluate the significance of the issuer's omission of another required revenue disclosure that the firm identified through its substantive procedures. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2810 31 With respect to the issuer's disclosures related to revenue the following deficiencies were identified: · The firm did not evaluate the significance of the issuer's omission of another required revenue disclosure that the firm identified through its substantive procedures. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2810 17 With respect to the issuer's disclosures related to revenue the following deficiencies were identified: · The firm identified a misstatement in a required disclosure under FASB ASC Topic 606 related to the issuer's remaining performance obligations. The firm did not appropriately evaluate whether this uncorrected misstatement was material because the firm understated its projected misstatement. (AS 2810.17) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2101 11 The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to revenue and inventory for these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units and (2) whether the risks of material misstatement including a fraud risk related to certain revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2101 11 The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to revenue and inventory for these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units and (2) whether the risks of material misstatement including a fraud risk related to certain revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2101 12 The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to revenue and inventory for these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units and (2) whether the risks of material misstatement including a fraud risk related to certain revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2101 12 The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to revenue and inventory for these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units and (2) whether the risks of material misstatement including a fraud risk related to certain revenue that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to revenue and inventory for these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue and inventory for these business units the firm selected for testing two controls (“budget controls”) that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparison of the business unit budgets to actual results. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to revenue and inventory for these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue and inventory for these business units the firm selected for testing two controls (“budget controls”) that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparison of the business unit budgets to actual results. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to revenue and inventory for these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue and inventory for these business units the firm selected for testing two controls (“budget controls”) that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparison of the business unit budgets to actual results. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to revenue and inventory for these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue and inventory for these business units the firm selected for testing two controls (“budget controls”) that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparison of the business unit budgets to actual results. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to revenue and inventory for these business units the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and inventory for these business units. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to revenue and inventory for these business units the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and inventory for these business units. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 68 The firm identified significant deficiencies related to certain IT systems that the issuer used to record revenue and inventory transactions for two of the issuer's business units that were subject to more extensive audit procedures. The firm identified the budget controls as compensating controls that it believed would mitigate these deficiencies identified but did not sufficiently test these controls. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 68 The firm identified significant deficiencies related to certain IT systems that the issuer used to record revenue and inventory transactions for two of the issuer's business units that were subject to more extensive audit procedures. The firm identified the budget controls as compensating controls that it believed would mitigate these deficiencies identified but did not sufficiently test these controls. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The issuer recognized revenue based on contracts with customers that included standard and nonstandard terms. The firm did not identify and test any controls over the issuer's identification and evaluation of contract terms other than pricing that could affect revenue recognition. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's substantive procedures included an evaluation of the terms for a sample of the issuer's contracts with customers. The firm did not evaluate the nonstandard contract terms included in these contracts and whether these terms could have had an effect on revenue recognition. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's substantive procedures included an evaluation of the terms for a sample of the issuer's contracts with customers. The firm did not evaluate the nonstandard contract terms included in these contracts and whether these terms could have had an effect on revenue recognition. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 For certain of the issuer's revenue the firm did not identify and test any controls that addressed whether the issuer satisfied its performance obligation before recognizing revenue. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 10 The firm's internal inspection program inspected this audit and reviewed one of these areas but did not identify the deficiencies below. The issuer recognized revenue from contracts that included multiple performance obligations and allocated the total transaction price to the separate performance obligations based on relative standalone selling prices (SSPs). The issuer used various methods to determine the SSPs for each of the performance obligations. The firm did not evaluate certain evidence that suggested that the issuer's methods to determine the SSPs and the resulting allocation of the transaction price to the separate performance obligations may not be appropriate. (AS 2501.10; AS 2810.03) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 3 The firm's internal inspection program inspected this audit and reviewed one of these areas but did not identify the deficiencies below. The issuer recognized revenue from contracts that included multiple performance obligations and allocated the total transaction price to the separate performance obligations based on relative standalone selling prices (SSPs). The issuer used various methods to determine the SSPs for each of the performance obligations. The firm did not evaluate certain evidence that suggested that the issuer's methods to determine the SSPs and the resulting allocation of the transaction price to the separate performance obligations may not be appropriate. (AS 2501.10; AS 2810.03) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm's substantive procedures to test certain of the issuer's revenue disclosures consisted of tracing the amounts disclosed to schedules prepared by the issuer. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of these issuer-prepared schedules. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Stock-Based Compensation 3 AS 1105 10 The firm's substantive procedures to test the issuer's stock-based compensation disclosures consisted of tracing the amounts disclosed to a report generated from one of the issuer's IT systems. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of this report. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 16 The firm's sample for testing certain revenue was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population including the expected size and frequency of misstatements. (AS 2315.16 .19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 19 The firm's sample for testing certain revenue was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population including the expected size and frequency of misstatements. (AS 2315.16 .19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 23 The firm's sample for testing certain revenue was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population including the expected size and frequency of misstatements. (AS 2315.16 .19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 23A The firm's sample for testing certain revenue was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population including the expected size and frequency of misstatements. (AS 2315.16 .19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2022 United States Grant Thornton International Limited 2023-12-08T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm's substantive procedures to test certain of the issuer's revenue disclosures consisted of tracing the amounts disclosed to schedules prepared by the issuer. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of these issuer-prepared schedules. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The issuer used multiple service organizations to host and/or maintain information technology (IT) systems that the issuer used to initiate process and record transactions related to this revenue. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The issuer used multiple service organizations to host and/or maintain information technology (IT) systems that the issuer used to initiate process and record transactions related to this revenue. · The firm selected for testing complementary user controls that consisted of the issuer's reviews of user access to these IT systems. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted access continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The issuer used multiple service organizations to host and/or maintain information technology (IT) systems that the issuer used to initiate process and record transactions related to this revenue. · The firm selected for testing complementary user controls that consisted of the issuer's reviews of user access to these IT systems. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted access continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 B22 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The issuer used multiple service organizations to host and/or maintain information technology (IT) systems that the issuer used to initiate process and record transactions related to this revenue. · The firm selected for testing complementary user controls that consisted of the issuer's reviews of user access to these IT systems. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted access continued to be appropriate. (AS 2201.42 .44 and .B22) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The issuer used multiple service organizations to host and/or maintain information technology (IT) systems that the issuer used to initiate process and record transactions related to this revenue. · The firm selected for testing certain other controls over user access but did not perform procedures to test or test any controls over the accuracy and completeness of certain information that the firm used in its testing. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The firm did not identify and test any controls over the accuracy and completeness of certain information that the issuer used to process and record this revenue. Further the firm did not identify and test any controls that addressed whether the performance obligation was satisfied before this revenue was recognized. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 16 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 18 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 37 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 19 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23A The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 2201 42 The issuer determined the fair values of certain acquired assets using cash-flow forecasts. The following deficiency was identified: · The firm selected for testing a control that included the issuer's review of assumptions used in these cash flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 2201 44 The issuer determined the fair values of certain acquired assets using cash-flow forecasts. The following deficiency was identified: · The firm selected for testing a control that included the issuer's review of assumptions used in these cash flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 2201 39 The issuer determined the fair values of certain acquired assets using cash-flow forecasts. The following deficiency was identified: · The firm selected for testing a control that included the issuer's review of assumptions used in these cash flow forecasts. The firm did not identify and test any controls over the accuracy and completeness of certain issuer-produced reports used in the operation of the control. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 1105 10 The issuer determined the fair values of certain acquired assets using cash-flow forecasts. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced reports used to develop certain assumptions that were used to determine these fair values. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 1101 6 The issuer determined the fair values of certain acquired assets using cash-flow forecasts. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions the issuer used because the firm did not evaluate (1) the relevance and reliability of certain market information it used and (2) whether these assumptions were consistent with certain industry factors and existing market information. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 1105 4 The issuer determined the fair values of certain acquired assets using cash-flow forecasts. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions the issuer used because the firm did not evaluate (1) the relevance and reliability of certain market information it used and (2) whether these assumptions were consistent with certain industry factors and existing market information. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 2501 16 The issuer determined the fair values of certain acquired assets using cash-flow forecasts. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions the issuer used because the firm did not evaluate (1) the relevance and reliability of certain market information it used and (2) whether these assumptions were consistent with certain industry factors and existing market information. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 10 AS 2501 16 The issuer determined the fair values of certain acquired assets using cash-flow forecasts. The following deficiency was identified: · The firm did not evaluate the reasonableness of the useful lives assigned to certain of the acquired assets including evaluating significant differences between the useful lives assigned to these assets and the cash flow forecast periods used to determine their fair values. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 11 AS 2501 16 The issuer determined the fair values of certain other assets of the acquired business based on two previously completed acquisitions. The firm did not sufficiently evaluate whether the issuer had a reasonable basis for the significant assumptions the issuer used because the firm did not evaluate whether these previous acquisitions were comparable to this acquired business. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Stock-Based Compensation 1 AS 2810 30 During the audit the firm did not identify and evaluate that the issuer's accounting for compensation expense associated with certain equity awards was not in conformity with FASB ASC Topic 718 Compensation – Stock Compensation. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for compensation expense related to these equity awards and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2501 16 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For certain acquired intangible assets the firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer including evaluating significant differences between the useful lives assigned to these intangible assets and the cash flow forecast periods used to determine their fair values. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1101 6 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For certain acquired intangible assets the firm did not perform any procedures to evaluate the relevance and reliability of certain information that the issuer used to develop certain of these assumptions. (AS 1105.04 and .06) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 4 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For certain acquired intangible assets the firm did not perform any procedures to evaluate the relevance and reliability of certain information that the issuer used to develop certain of these assumptions. (AS 1105.04 and .06) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2501 7 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For firm did not perform procedures to test the fair values of certain tangible assets acquired and liabilities assumed beyond reading an issuer-prepared memorandum. (AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A1 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain other acquired tangible assets the firm used a company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of this specialist. (AS 1105.A1-.A9; AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A2 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain other acquired tangible assets the firm used a company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of this specialist. (AS 1105.A1-.A9; AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A3 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain other acquired tangible assets the firm used a company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of this specialist. (AS 1105.A1-.A9; AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A4 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain other acquired tangible assets the firm used a company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of this specialist. (AS 1105.A1-.A9; AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A5 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain other acquired tangible assets the firm used a company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of this specialist. (AS 1105.A1-.A9; AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A6 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain other acquired tangible assets the firm used a company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of this specialist. (AS 1105.A1-.A9; AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A7 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain other acquired tangible assets the firm used a company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of this specialist. (AS 1105.A1-.A9; AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A8 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain other acquired tangible assets the firm used a company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of this specialist. (AS 1105.A1-.A9; AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A9 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain other acquired tangible assets the firm used a company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of this specialist. (AS 1105.A1-.A9; AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 2501 7 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain other acquired tangible assets the firm used a company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of this specialist. (AS 1105.A1-.A9; AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 2301 8 During the year the issuer acquired multiple businesses and engaged specialists to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For two of these business combinations the firm did not perform any procedures to test whether any deferred tax liabilities should have been recognized in connection with the business combinations. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 1105 A8a The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · For certain acquired intangible assets the firm did not identify that the auditor-employed specialist did not perform any procedures to (1) evaluate certain of the significant assumptions that were developed by one of the company's specialists and used to determine the fair values of these acquired assets and (2) test the accuracy and completeness of certain issuer-produced data that were used by this specialist to develop these significant assumptions. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 1105 A8b The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · For certain acquired intangible assets the firm did not identify that the auditor-employed specialist did not perform any procedures to (1) evaluate certain of the significant assumptions that were developed by one of the company's specialists and used to determine the fair values of these acquired assets and (2) test the accuracy and completeness of certain issuer-produced data that were used by this specialist to develop these significant assumptions. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 1201 C6 The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · For certain acquired intangible assets the firm did not identify that the auditor-employed specialist did not perform any procedures to (1) evaluate certain of the significant assumptions that were developed by one of the company's specialists and used to determine the fair values of these acquired assets and (2) test the accuracy and completeness of certain issuer-produced data that were used by this specialist to develop these significant assumptions. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 1201 C7 The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · For certain acquired intangible assets the firm did not identify that the auditor-employed specialist did not perform any procedures to (1) evaluate certain of the significant assumptions that were developed by one of the company's specialists and used to determine the fair values of these acquired assets and (2) test the accuracy and completeness of certain issuer-produced data that were used by this specialist to develop these significant assumptions. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 1105 A10 The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · For one of these business combinations the firm did not identify that the auditor-employed specialist did not sufficiently evaluate the relevance and reliability of this company's specialist's work because it did not identify inconsistencies between the measurement of the enterprise fair value estimated by this specialist compared to the fair value of the consideration transferred by the issuer. (AS 1105.A9 and .A10; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 1105 A9 The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · For one of these business combinations the firm did not identify that the auditor-employed specialist did not sufficiently evaluate the relevance and reliability of this company's specialist's work because it did not identify inconsistencies between the measurement of the enterprise fair value estimated by this specialist compared to the fair value of the consideration transferred by the issuer. (AS 1105.A9 and .A10; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 1201 C6 The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · For one of these business combinations the firm did not identify that the auditor-employed specialist did not sufficiently evaluate the relevance and reliability of this company's specialist's work because it did not identify inconsistencies between the measurement of the enterprise fair value estimated by this specialist compared to the fair value of the consideration transferred by the issuer. (AS 1105.A9 and .A10; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 1201 C7 The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · For one of these business combinations the firm did not identify that the auditor-employed specialist did not sufficiently evaluate the relevance and reliability of this company's specialist's work because it did not identify inconsistencies between the measurement of the enterprise fair value estimated by this specialist compared to the fair value of the consideration transferred by the issuer. (AS 1105.A9 and .A10; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 1105 4 The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · In testing the fair values of certain acquired tangible assets the firm did not identify that the auditor-employed specialist did not evaluate the relevance and/or reliability of certain external information used by another of the company's specialists or the auditor-employed specialist. (AS 1105.04 .06 and .A8a; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 1105 6 The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · In testing the fair values of certain acquired tangible assets the firm did not identify that the auditor-employed specialist did not evaluate the relevance and/or reliability of certain external information used by another of the company's specialists or the auditor-employed specialist. (AS 1105.04 .06 and .A8a; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 1201 C6 The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · In testing the fair values of certain acquired tangible assets the firm did not identify that the auditor-employed specialist did not evaluate the relevance and/or reliability of certain external information used by another of the company's specialists or the auditor-employed specialist. (AS 1105.04 .06 and .A8a; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 1201 C7 The firm used an auditor-employed specialist to assist it with testing the fair values of certain acquired assets which were determined by the company's specialists. The following deficiency was identified: · In testing the fair values of certain acquired tangible assets the firm did not identify that the auditor-employed specialist did not evaluate the relevance and/or reliability of certain external information used by another of the company's specialists or the auditor-employed specialist. (AS 1105.04 .06 and .A8a; AS 1201.C6 and .C7) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 68 The firm's internal inspection program inspected this audit and reviewed this area but did not identify certain of the deficiency below. The firm identified a control deficiency related to the issuer's lack of controls over amounts invoiced to customers. The firm identified various controls that it believed would compensate for this deficiency but did not identify that these controls did not address whether amounts invoiced to customers were accurate. (AS 2201.68) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed this area but did not identify certain of the deficiency below. The firm selected for testing various controls over revenue but did not identify and test any controls over the accuracy and completeness of certain system-generated data that were used in the operation of these controls. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed this area but did not identify certain of the deficiency below. For certain types of revenue the firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain system-generated data the firm used in its substantive testing. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 4 The firm's internal inspection program inspected this audit and reviewed this area but did not identify certain of the deficiency below. For certain types of revenue the firm used certain emails from the issuer's customers as audit evidence to test these types of revenue but did not perform any procedures to evaluate whether the information included in these emails was reliable. (AS 1105.04 and .06) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 6 The firm's internal inspection program inspected this audit and reviewed this area but did not identify certain of the deficiency below. For certain types of revenue the firm used certain emails from the issuer's customers as audit evidence to test these types of revenue but did not perform any procedures to evaluate whether the information included in these emails was reliable. (AS 1105.04 and .06) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed this area but did not identify certain of the deficiency below. For another type of revenue that included an estimate of variable consideration in the transaction price the following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of certain assumptions used to determine this estimate. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed this area but did not identify certain of the deficiency below. For another type of revenue that included an estimate of variable consideration in the transaction price the following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of certain assumptions used to determine this estimate. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed this area but did not identify certain of the deficiency below. For another type of revenue that included an estimate of variable consideration in the transaction price the following deficiency was identified: · The firm's approach for substantively testing this estimate was to test the issuer's process. The firm did not evaluate the reasonableness of certain of the significant assumptions that the issuer used to determine this estimate. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed this area but did not identify certain of the deficiency below. For another type of revenue that included an estimate of variable consideration in the transaction price the following deficiency was identified: · The firm's approach for substantively testing this estimate was to test the issuer's process. The firm did not test or test any controls over the accuracy and completeness of certain system-generated data that the issuer used to determine this estimate. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2315 24 The firm's internal inspection program inspected this audit and reviewed this area but did not identify certain of the deficiency below. For another type of revenue that included an estimate of variable consideration in the transaction price the following deficiency was identified: · The firm's procedures to test the occurrence of this revenue consisted of testing a sample of transactions from the last month of the year. The firm did not perform any procedures to test the remaining population of this revenue. (AS 2315.24) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's substantive procedures to test revenue included testing a sample of transactions. The firm did not perform any procedures to test whether the performance obligation was satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's substantive procedures to test revenue included testing a sample of transactions. The firm did not perform any procedures to test whether the performance obligation was satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The firm's substantive procedures to test revenue included testing a sample of transactions. The firm used information from the issuer and from external sources in its testing of certain of these transactions. The firm did not (1) test or test any controls over the accuracy and completeness of the issuer-produced information and (2) evaluate the reliability of the external information. (AS 1105.04 .06 and .10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The firm's substantive procedures to test revenue included testing a sample of transactions. The firm used information from the issuer and from external sources in its testing of certain of these transactions. The firm did not (1) test or test any controls over the accuracy and completeness of the issuer-produced information and (2) evaluate the reliability of the external information. (AS 1105.04 .06 and .10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm's substantive procedures to test revenue included testing a sample of transactions. The firm used information from the issuer and from external sources in its testing of certain of these transactions. The firm did not (1) test or test any controls over the accuracy and completeness of the issuer-produced information and (2) evaluate the reliability of the external information. (AS 1105.04 .06 and .10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 A8a During the year the issuer entered into a transaction and engaged a specialist to assist it in determining the fair value of a certain liability recorded in connection with the transaction. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of this liability was to test the issuer's process and the firm used an auditor-engaged specialist to assist it with evaluating the significant assumptions the company's specialist used. The firm did not identify that the auditor-engaged specialist did not (1) perform any procedures to evaluate the reasonableness of a significant assumption and (2) evaluate whether certain external data that the company's specialist used to develop this significant assumption were relevant or reliable. (AS 1105.A8a and .A8b; AS 1210.09 and .12) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 A8b During the year the issuer entered into a transaction and engaged a specialist to assist it in determining the fair value of a certain liability recorded in connection with the transaction. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of this liability was to test the issuer's process and the firm used an auditor-engaged specialist to assist it with evaluating the significant assumptions the company's specialist used. The firm did not identify that the auditor-engaged specialist did not (1) perform any procedures to evaluate the reasonableness of a significant assumption and (2) evaluate whether certain external data that the company's specialist used to develop this significant assumption were relevant or reliable. (AS 1105.A8a and .A8b; AS 1210.09 and .12) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1210 9 During the year the issuer entered into a transaction and engaged a specialist to assist it in determining the fair value of a certain liability recorded in connection with the transaction. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of this liability was to test the issuer's process and the firm used an auditor-engaged specialist to assist it with evaluating the significant assumptions the company's specialist used. The firm did not identify that the auditor-engaged specialist did not (1) perform any procedures to evaluate the reasonableness of a significant assumption and (2) evaluate whether certain external data that the company's specialist used to develop this significant assumption were relevant or reliable. (AS 1105.A8a and .A8b; AS 1210.09 and .12) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1210 12 During the year the issuer entered into a transaction and engaged a specialist to assist it in determining the fair value of a certain liability recorded in connection with the transaction. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of this liability was to test the issuer's process and the firm used an auditor-engaged specialist to assist it with evaluating the significant assumptions the company's specialist used. The firm did not identify that the auditor-engaged specialist did not (1) perform any procedures to evaluate the reasonableness of a significant assumption and (2) evaluate whether certain external data that the company's specialist used to develop this significant assumption were relevant or reliable. (AS 1105.A8a and .A8b; AS 1210.09 and .12) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2301 8 During the year the issuer entered into a transaction and engaged a specialist to assist it in determining the fair value of a certain liability recorded in connection with the transaction. The following deficiencies were identified: · The issuer recognized another liability in connection with this transaction. The firm did not evaluate whether the issuer appropriately assessed certain relevant information when it calculated this liability. (AS 2301.08 and .11) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2301 11 During the year the issuer entered into a transaction and engaged a specialist to assist it in determining the fair value of a certain liability recorded in connection with the transaction. The following deficiencies were identified: · The issuer recognized another liability in connection with this transaction. The firm did not evaluate whether the issuer appropriately assessed certain relevant information when it calculated this liability. (AS 2301.08 and .11) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's substantive procedures to test certain revenue included testing a sample of transactions. The firm did not perform any procedures to test whether the performance obligation was satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's substantive procedures to test certain revenue included testing a sample of transactions. The firm did not perform any procedures to test whether the performance obligation was satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm's substantive procedures to test certain revenue included testing a sample of transactions. The firm used certain issuer-produced data in these substantive procedures but did not test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2501 16 For certain inventory the firm's approach for substantively testing the reserve for excess and obsolete (E&O) inventory was to test the issuer's process. The firm did not evaluate the reasonableness of certain significant assumptions the issuer used to develop the E&O reserve. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2501 7 For certain inventory the firm's approach for substantively testing the reserve for excess and obsolete (E&O) inventory was to test the issuer's process. For certain other inventory the firm did not perform any procedures to test the E&O reserve. (AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 2301 8 The firm's substantive procedures to test the unit cost of certain manufactured inventory consisted of (1) selecting a sample of inventory items for testing and (2) performing substantive analytical procedures. The following deficiencies were identified: · For the items selected for testing the firm did not perform sufficient procedures to test the cost of the raw materials because its procedures were limited to comparing certain of these costs to system-generated reports. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 2305 13 The firm's substantive procedures to test the unit cost of certain manufactured inventory consisted of (1) selecting a sample of inventory items for testing and (2) performing substantive analytical procedures. The following deficiencies were identified: · For the substantive analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. Further the firm identified differences in excess of the firm's established threshold but did not evaluate certain of these differences beyond in some instances inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 2305 14 The firm's substantive procedures to test the unit cost of certain manufactured inventory consisted of (1) selecting a sample of inventory items for testing and (2) performing substantive analytical procedures. The following deficiencies were identified: · For the substantive analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. Further the firm identified differences in excess of the firm's established threshold but did not evaluate certain of these differences beyond in some instances inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 2305 21 The firm's substantive procedures to test the unit cost of certain manufactured inventory consisted of (1) selecting a sample of inventory items for testing and (2) performing substantive analytical procedures. The following deficiencies were identified: · For the substantive analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. Further the firm identified differences in excess of the firm's established threshold but did not evaluate certain of these differences beyond in some instances inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 1105 10 The firm's substantive procedures to test the reserve for excess and obsolete (E&O) inventory included selecting a sample of inventory items for testing. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain issuer-produced reports used in these substantive procedures. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2501 7 The firm's substantive procedures to test the reserve for excess and obsolete (E&O) inventory included selecting a sample of inventory items for testing. The following deficiencies were identified: · For certain of its selections the firm did not perform any procedures to test the sales forecast that the issuer used to develop the E&O reserve. (AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2501 7 The firm's substantive procedures to test the reserve for excess and obsolete (E&O) inventory included selecting a sample of inventory items for testing. The following deficiencies were identified: · For certain other selections the firm did not perform procedures beyond inquiring of management to test the issuer's conclusion that an E&O reserve was not necessary. (AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2510 14 The issuer held certain inventory at foreign external warehouses which represented a significant proportion of the issuer's total assets. The firm did not perform sufficient procedures to test the existence of this inventory because it limited its procedures to confirming the quantities of this inventory with the external warehouses. (AS 2510.14) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 1105 10 The firm's substantive procedures to test certain of the issuer's revenue disclosures consisted of tracing the amounts disclosed to schedules produced by the issuer. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of these issuer-produced schedules. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 2305 16 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The firm's substantive procedures to test two types of revenue and the deferred revenue related to one of these types of revenue consisted of performing substantive analytical procedures and tests of details. The following deficiency was identified: · For both types of revenue the firm used certain system-generated data or reports in its substantive analytical procedures but did not test or test any controls over the accuracy and/or completeness of these data or reports. (AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2305 16 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The firm's substantive procedures to test two types of revenue and the deferred revenue related to one of these types of revenue consisted of performing substantive analytical procedures and tests of details. The following deficiency was identified: · For both types of revenue the firm used certain system-generated data or reports in its substantive analytical procedures but did not test or test any controls over the accuracy and/or completeness of these data or reports. (AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 2 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The firm's substantive procedures to test two types of revenue and the deferred revenue related to one of these types of revenue consisted of performing substantive analytical procedures and tests of details. The following deficiency was identified: · For one of these types of revenue and the related deferred revenue the firm's tests of details included comparing amounts the issuer recorded to revenue and deferred revenue to cash receipts included in the issuer's bank statements. The firm did not perform any procedures to test certain reconciling items it identified in these comparisons. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The firm's substantive procedures to test two types of revenue and the deferred revenue related to one of these types of revenue consisted of performing substantive analytical procedures and tests of details. The following deficiency was identified: · For one of these types of revenue and the related deferred revenue the firm's tests of details included comparing amounts the issuer recorded to revenue and deferred revenue to cash receipts included in the issuer's bank statements. The firm did not perform any procedures to test certain reconciling items it identified in these comparisons. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 2 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The firm's substantive procedures to test two types of revenue and the deferred revenue related to one of these types of revenue consisted of performing substantive analytical procedures and tests of details. The following deficiency was identified: · For one of these types of revenue and the related deferred revenue the firm's tests of details included comparing amounts the issuer recorded to revenue and deferred revenue to cash receipts included in the issuer's bank statements. The firm did not perform any procedures to test certain reconciling items it identified in these comparisons. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The firm's substantive procedures to test two types of revenue and the deferred revenue related to one of these types of revenue consisted of performing substantive analytical procedures and tests of details. The following deficiency was identified: · For one of these types of revenue and the related deferred revenue the firm's tests of details included comparing amounts the issuer recorded to revenue and deferred revenue to cash receipts included in the issuer's bank statements. The firm did not perform any procedures to test certain reconciling items it identified in these comparisons. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Income Taxes 3 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The firm's approach for substantively testing the valuation allowance that the issuer recorded against its deferred tax assets was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions the issuer used to determine the valuation allowance beyond inquiring of management. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Income Taxes 4 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The firm did not perform any substantive procedures to test certain of the issuer's income tax disclosures. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 42 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using various qualitative factors. The following deficiency was identified: · The firm selected for testing controls that included the issuer's reviews of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these qualitative factors. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 44 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using various qualitative factors. The following deficiency was identified: · The firm selected for testing controls that included the issuer's reviews of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these qualitative factors. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2501 16 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using various qualitative factors. The following deficiency was identified: · The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not sufficiently evaluate whether the issuer had a reasonable basis for these qualitative factors because the firm's procedures were limited to (1) reading the issuer's ALL memorandum and (2) comparing the qualitative factors the issuer used to those used in prior periods. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Income Taxes Significant Risk 1 AS 2501 7 The firm did not perform any substantive procedures to test the valuation allowance that the issuer recorded against its deferred tax assets beyond inquiring of management. (AS 2501.07) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Income Taxes Significant Risk 2 AS 2301 8 The firm did not perform any substantive procedures to test certain deferred tax assets beyond comparing certain information from the supporting schedules that the issuer used to calculate these deferred tax assets to the general ledger. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2022 United States 2023-11-30T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses Significant Risk 1 AS 2501 16 For loans that were collectively evaluated for impairment the issuer determined the quantitative reserve component of the ALL using various assumptions. The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for certain significant assumptions beyond reading an issuer-prepared memorandum. (AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 42 During the year the issuer acquired a business and engaged a specialist to determine the fair value of the acquired loans. The company's specialist determined this fair value based on discounted cash flows it developed using various inputs and assumptions including expected credit losses loan risk ratings certain loan attributes and whether certain loans should be designated as purchased with credit deterioration. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the expected credit loss assumptions used to value the acquired loans but did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 44 During the year the issuer acquired a business and engaged a specialist to determine the fair value of the acquired loans. The company's specialist determined this fair value based on discounted cash flows it developed using various inputs and assumptions including expected credit losses loan risk ratings certain loan attributes and whether certain loans should be designated as purchased with credit deterioration. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the expected credit loss assumptions used to value the acquired loans but did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2201 39 During the year the issuer acquired a business and engaged a specialist to determine the fair value of the acquired loans. The company's specialist determined this fair value based on discounted cash flows it developed using various inputs and assumptions including expected credit losses loan risk ratings certain loan attributes and whether certain loans should be designated as purchased with credit deterioration. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the acquired loan information that the issuer provided to the company's specialist that the specialist used to determine the fair value of the acquired loans. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 2201 42 During the year the issuer acquired a business and engaged a specialist to determine the fair value of the acquired loans. The company's specialist determined this fair value based on discounted cash flows it developed using various inputs and assumptions including expected credit losses loan risk ratings certain loan attributes and whether certain loans should be designated as purchased with credit deterioration. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to certain acquired commercial loans. The firm did not evaluate whether the sample of loans that were reviewed was sufficient to address the risks of material misstatement presented by the different risk characteristics inherent in the population of these acquired commercial loans. (AS 2201.42) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 4 AS 2201 39 During the year the issuer acquired a business and engaged a specialist to determine the fair value of the acquired loans. The company's specialist determined this fair value based on discounted cash flows it developed using various inputs and assumptions including expected credit losses loan risk ratings certain loan attributes and whether certain loans should be designated as purchased with credit deterioration. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to certain acquired commercial loans. The firm did not identify and test any controls that addressed the reasonableness of the loan risk ratings assigned to certain other acquired commercial loans that were not subject to the loan risk rating review control. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 5 AS 2201 42 During the year the issuer acquired a business and engaged a specialist to determine the fair value of the acquired loans. The company's specialist determined this fair value based on discounted cash flows it developed using various inputs and assumptions including expected credit losses loan risk ratings certain loan attributes and whether certain loans should be designated as purchased with credit deterioration. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the accuracy and completeness of certain data related to the acquired loans but did not test the aspects of these controls that addressed the accuracy of certain loan attributes that the company's specialist used. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 5 AS 2201 44 During the year the issuer acquired a business and engaged a specialist to determine the fair value of the acquired loans. The company's specialist determined this fair value based on discounted cash flows it developed using various inputs and assumptions including expected credit losses loan risk ratings certain loan attributes and whether certain loans should be designated as purchased with credit deterioration. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the accuracy and completeness of certain data related to the acquired loans but did not test the aspects of these controls that addressed the accuracy of certain loan attributes that the company's specialist used. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 6 AS 2201 39 During the year the issuer acquired a business and engaged a specialist to determine the fair value of the acquired loans. The company's specialist determined this fair value based on discounted cash flows it developed using various inputs and assumptions including expected credit losses loan risk ratings certain loan attributes and whether certain loans should be designated as purchased with credit deterioration. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of acquired loans that were designated as purchased with credit deterioration. The firm did not identify and test any controls over the accuracy and completeness of the loan information that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 7 AS 2315 16 The issuer assigned a risk rating to each commercial loan. The loan risk rating was an important input (1) in estimating the ACL for commercial loans collectively assessed for impairment and (2) in determining the fair value of a certain type of commercial loans that the issuer reclassifies to available-for-sale (AFS) securities for financial reporting purposes. The firm's sample to test the reasonableness of the risk ratings for commercial loans including loans reclassified to AFS securities was too small because in determining its sample the firm did not consider certain characteristics of the loan population including whether the population of loans reclassified to AFS securities should have been tested separately. (AS 2315.16 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2315 16 The issuer assigned a risk rating to each commercial loan. The loan risk rating was an important input (1) in estimating the ACL for commercial loans collectively assessed for impairment and (2) in determining the fair value of a certain type of commercial loans that the issuer reclassifies to available-for-sale (AFS) securities for financial reporting purposes. The firm's sample to test the reasonableness of the risk ratings for commercial loans including loans reclassified to AFS securities was too small because in determining its sample the firm did not consider certain characteristics of the loan population including whether the population of loans reclassified to AFS securities should have been tested separately. (AS 2315.16 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 7 AS 2315 23 The issuer assigned a risk rating to each commercial loan. The loan risk rating was an important input (1) in estimating the ACL for commercial loans collectively assessed for impairment and (2) in determining the fair value of a certain type of commercial loans that the issuer reclassifies to available-for-sale (AFS) securities for financial reporting purposes. The firm's sample to test the reasonableness of the risk ratings for commercial loans including loans reclassified to AFS securities was too small because in determining its sample the firm did not consider certain characteristics of the loan population including whether the population of loans reclassified to AFS securities should have been tested separately. (AS 2315.16 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2315 23 The issuer assigned a risk rating to each commercial loan. The loan risk rating was an important input (1) in estimating the ACL for commercial loans collectively assessed for impairment and (2) in determining the fair value of a certain type of commercial loans that the issuer reclassifies to available-for-sale (AFS) securities for financial reporting purposes. The firm's sample to test the reasonableness of the risk ratings for commercial loans including loans reclassified to AFS securities was too small because in determining its sample the firm did not consider certain characteristics of the loan population including whether the population of loans reclassified to AFS securities should have been tested separately. (AS 2315.16 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 7 AS 2315 23A The issuer assigned a risk rating to each commercial loan. The loan risk rating was an important input (1) in estimating the ACL for commercial loans collectively assessed for impairment and (2) in determining the fair value of a certain type of commercial loans that the issuer reclassifies to available-for-sale (AFS) securities for financial reporting purposes. The firm's sample to test the reasonableness of the risk ratings for commercial loans including loans reclassified to AFS securities was too small because in determining its sample the firm did not consider certain characteristics of the loan population including whether the population of loans reclassified to AFS securities should have been tested separately. (AS 2315.16 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2315 23A The issuer assigned a risk rating to each commercial loan. The loan risk rating was an important input (1) in estimating the ACL for commercial loans collectively assessed for impairment and (2) in determining the fair value of a certain type of commercial loans that the issuer reclassifies to available-for-sale (AFS) securities for financial reporting purposes. The firm's sample to test the reasonableness of the risk ratings for commercial loans including loans reclassified to AFS securities was too small because in determining its sample the firm did not consider certain characteristics of the loan population including whether the population of loans reclassified to AFS securities should have been tested separately. (AS 2315.16 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 42 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned (“proved properties”) and properties that had no oil and gas reserves assigned (“unproved properties”). The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes and certain adjustment factors. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the future production volume assumptions used for unproved properties but did not evaluate the specific review procedures the control owner performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 44 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned (“proved properties”) and properties that had no oil and gas reserves assigned (“unproved properties”). The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes and certain adjustment factors. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the future production volume assumptions used for unproved properties but did not evaluate the specific review procedures the control owner performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned (“proved properties”) and properties that had no oil and gas reserves assigned (“unproved properties”). The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes and certain adjustment factors. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the significant future production volume assumptions the issuer used to determine the fair value for unproved properties because the firm's procedures were limited to comparing the future production volumes to the issuer's estimated future development costs by year and concluding that they were highly correlated. (AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2201 42 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned (“proved properties”) and properties that had no oil and gas reserves assigned (“unproved properties”). The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes and certain adjustment factors. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the adjustment factor assumptions used but did not evaluate whether the thresholds the control owner used to identify items for investigation were sufficiently precise to detect material misstatements. (AS 2201.42) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2501 16 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned (“proved properties”) and properties that had no oil and gas reserves assigned (“unproved properties”). The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes and certain adjustment factors. The following deficiencies were identified: · The firm did not evaluate whether the issuer had a reasonable basis for certain of the significant adjustment factor assumptions it used. (AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2201 39 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned (“proved properties”) and properties that had no oil and gas reserves assigned (“unproved properties”). The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes and certain adjustment factors. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether all of the acquired leases that were associated with oil and gas properties were recognized. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 6 AS 2301 8 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned (“proved properties”) and properties that had no oil and gas reserves assigned (“unproved properties”). The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes and certain adjustment factors. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether all of the acquired leases that were associated with unproved properties were recognized. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 7 AS 1105 10 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned (“proved properties”) and properties that had no oil and gas reserves assigned (“unproved properties”). The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes and certain adjustment factors. The following deficiencies were identified: · To test the acquired leases that were associated with unproved properties the firm made its selections from a report but did not test or test controls over the completeness of this report. (AS 1105.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 68 The issuer assigned a risk rating to each commercial loan. The loan risk rating was an important input in estimating the ACL for commercial loans collectively assessed for impairment. The following deficiencies were identified: · The firm identified a deficiency related to a control that consisted of the issuer's periodic review of loan risk ratings assigned to certain commercial loans. The firm tested various controls that it believed would compensate for this deficiency but did not identify that these controls did not address whether the risk ratings were reviewed and updated timely. (AS 2201.68) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2315 16 The issuer assigned a risk rating to each commercial loan. The loan risk rating was an important input in estimating the ACL for commercial loans collectively assessed for impairment. The following deficiencies were identified: · The firm's sample to test the reasonableness of the risk ratings for certain commercial loans was too small because in determining its sample the firm did not consider certain characteristics of the loan population. (AS 2315.16 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2315 23 The issuer assigned a risk rating to each commercial loan. The loan risk rating was an important input in estimating the ACL for commercial loans collectively assessed for impairment. The following deficiencies were identified: · The firm's sample to test the reasonableness of the risk ratings for certain commercial loans was too small because in determining its sample the firm did not consider certain characteristics of the loan population. (AS 2315.16 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2315 23A The issuer assigned a risk rating to each commercial loan. The loan risk rating was an important input in estimating the ACL for commercial loans collectively assessed for impairment. The following deficiencies were identified: · The firm's sample to test the reasonableness of the risk ratings for certain commercial loans was too small because in determining its sample the firm did not consider certain characteristics of the loan population. (AS 2315.16 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 1 AS 2101 11 The firm excluded from the scope of its audits certain accounts payable at certain of the issuer's business units. The firm did not evaluate whether the risks of material misstatement that the firm associated with accounts payable subject to audit procedures also applied to the excluded accounts payable. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 1 AS 2101 12 The firm excluded from the scope of its audits certain accounts payable at certain of the issuer's business units. The firm did not evaluate whether the risks of material misstatement that the firm associated with accounts payable subject to audit procedures also applied to the excluded accounts payable. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 1 AS 2201 B10 The firm excluded from the scope of its audits certain accounts payable at certain of the issuer's business units. The firm did not evaluate whether the risks of material misstatement that the firm associated with accounts payable subject to audit procedures also applied to the excluded accounts payable. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A E No ICFR audit only Audits with a single deficiency Inventory 1 AS 2201 42 Certain of the issuer's inventory was subject to cycle counts and the issuer used its inventory systems to determine the frequency with which the items should be counted by assigning a designation to each inventory item. The firm selected for testing a control that consisted of the issuer's cycle-count procedures. The firm did not test the aspects of this control that addressed whether each system assigned the appropriate designation to each inventory item the systems were properly configured to ensure that each inventory item was counted with sufficient frequency in accordance with the assigned designation and inventory counts were performed in accordance with the designated count frequency. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2022 United States PricewaterhouseCoopers International Limited 2023-11-30T00:00:00 Part I.A E No ICFR audit only Audits with a single deficiency Inventory 1 AS 2201 44 Certain of the issuer's inventory was subject to cycle counts and the issuer used its inventory systems to determine the frequency with which the items should be counted by assigning a designation to each inventory item. The firm selected for testing a control that consisted of the issuer's cycle-count procedures. The firm did not test the aspects of this control that addressed whether each system assigned the appropriate designation to each inventory item the systems were properly configured to ensure that each inventory item was counted with sufficient frequency in accordance with the assigned designation and inventory counts were performed in accordance with the designated count frequency. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Expenses 1 AS 2301 8 For one contractual arrangement the firm did not sufficiently evaluate whether the issuer's accounting for certain payments to a customer as expenses was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not evaluate whether these payments included variable consideration. (AS 2301.08) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Expenses 2 AS 2301 8 For a second contractual arrangement the firm did not evaluate whether the issuer's upfront recording of an advance cash payment for advertising services as an operating expense was in conformity with FASB ASC Topic 720 Other Expenses. (AS 2301.08) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Expenses 3 AS 2301 8 For the second contractual arrangement the issuer also issued equity awards for advertising services. The firm did not evaluate whether the issuer in conformity with FASB ASC Topic 718 Stock Compensation should have deferred and recognized these awards in the same manner as if the issuer had paid cash for these services. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Expenses 4 AS 2315 16 The firm did not sufficiently test expenses because when planning its sample for its test of details the firm did not consider the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Expenses 4 AS 2315 23 The firm did not sufficiently test expenses because when planning its sample for its test of details the firm did not consider the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Expenses 4 AS 2315 23A The firm did not sufficiently test expenses because when planning its sample for its test of details the firm did not consider the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Expenses 5 AS 2315 26 When testing the sample the firm selected the firm identified misstatements but did not (1) evaluate the nature and cause of the misstatements identified (2) project the misstatements to the remaining population of expenses and (3) evaluate whether the projected misstatements were material to the financial statements. (AS 2315.26 and .27; AS 2810.17) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Expenses 5 AS 2315 27 When testing the sample the firm selected the firm identified misstatements but did not (1) evaluate the nature and cause of the misstatements identified (2) project the misstatements to the remaining population of expenses and (3) evaluate whether the projected misstatements were material to the financial statements. (AS 2315.26 and .27; AS 2810.17) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Expenses 5 AS 2810 17 When testing the sample the firm selected the firm identified misstatements but did not (1) evaluate the nature and cause of the misstatements identified (2) project the misstatements to the remaining population of expenses and (3) evaluate whether the projected misstatements were material to the financial statements. (AS 2315.26 and .27; AS 2810.17) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used certain information technology (IT) systems to initiate process and/or record transactions related to revenue unbilled accounts receivable deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 46 The issuer used certain information technology (IT) systems to initiate process and/or record transactions related to revenue unbilled accounts receivable deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used certain information technology (IT) systems to initiate process and/or record transactions related to revenue unbilled accounts receivable deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used certain information technology (IT) systems to initiate process and/or record transactions related to revenue unbilled accounts receivable deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 1 AS 2201 46 The issuer used certain information technology (IT) systems to initiate process and/or record transactions related to revenue unbilled accounts receivable deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 44 With respect to change management: · The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to these IT systems. In its testing of the operating effectiveness of this control the firm did not test whether users with the ability to implement changes also had the ability to develop changes. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 2 AS 2201 44 With respect to change management: · The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to these IT systems. In its testing of the operating effectiveness of this control the firm did not test whether users with the ability to implement changes also had the ability to develop changes. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 With respect to change management: · The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to these IT systems. In its testing of the operating effectiveness of this control the firm did not test whether users with the ability to implement changes also had the ability to develop changes. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 With respect to change management: · The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to these IT systems. In its testing of the operating effectiveness of this control the firm did not test whether users with the ability to implement changes also had the ability to develop changes. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 2 AS 2201 44 With respect to change management: · The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to these IT systems. In its testing of the operating effectiveness of this control the firm did not test whether users with the ability to implement changes also had the ability to develop changes. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 1105 10 With respect to change management: · The firm selected for testing certain controls over change management for these IT systems but did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections for testing because it limited its procedures to testing the completeness of only one type of change. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 3 AS 1105 10 With respect to change management: · The firm selected for testing certain controls over change management for these IT systems but did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections for testing because it limited its procedures to testing the completeness of only one type of change. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 1105 10 With respect to change management: · The firm selected for testing certain controls over change management for these IT systems but did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections for testing because it limited its procedures to testing the completeness of only one type of change. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 With respect to change management: · The firm selected for testing certain controls over change management for these IT systems but did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections for testing because it limited its procedures to testing the completeness of only one type of change. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 3 AS 1105 10 With respect to change management: · The firm selected for testing certain controls over change management for these IT systems but did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections for testing because it limited its procedures to testing the completeness of only one type of change. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2201 44 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm excluded a certain type of user from its testing population. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 4 AS 2201 44 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm excluded a certain type of user from its testing population. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 44 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm excluded a certain type of user from its testing population. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm excluded a certain type of user from its testing population. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 4 AS 2201 44 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm excluded a certain type of user from its testing population. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2201 42 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm did not evaluate whether access was appropriately restricted beyond inquiring of management. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2201 42 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm did not evaluate whether access was appropriately restricted beyond inquiring of management. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 42 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm did not evaluate whether access was appropriately restricted beyond inquiring of management. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm did not evaluate whether access was appropriately restricted beyond inquiring of management. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 5 AS 2201 42 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm did not evaluate whether access was appropriately restricted beyond inquiring of management. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2201 44 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm did not evaluate whether access was appropriately restricted beyond inquiring of management. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2201 44 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm did not evaluate whether access was appropriately restricted beyond inquiring of management. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 44 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm did not evaluate whether access was appropriately restricted beyond inquiring of management. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm did not evaluate whether access was appropriately restricted beyond inquiring of management. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 5 AS 2201 44 With respect to user access: · The firm selected for testing certain controls over the restriction of access to these IT systems. In its testing of the operating effectiveness of one of these controls the firm did not evaluate whether access was appropriately restricted beyond inquiring of management. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2201 44 With respect to user access: · The firm selected for testing a control over the issuer's review of requested user access to these IT systems. In its testing of the operating effectiveness of this control the firm excluded a certain type of user from its testing population and instead replaced one of the users selected with one of the excluded type of users. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 6 AS 2201 44 With respect to user access: · The firm selected for testing a control over the issuer's review of requested user access to these IT systems. In its testing of the operating effectiveness of this control the firm excluded a certain type of user from its testing population and instead replaced one of the users selected with one of the excluded type of users. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 44 With respect to user access: · The firm selected for testing a control over the issuer's review of requested user access to these IT systems. In its testing of the operating effectiveness of this control the firm excluded a certain type of user from its testing population and instead replaced one of the users selected with one of the excluded type of users. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 44 With respect to user access: · The firm selected for testing a control over the issuer's review of requested user access to these IT systems. In its testing of the operating effectiveness of this control the firm excluded a certain type of user from its testing population and instead replaced one of the users selected with one of the excluded type of users. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 6 AS 2201 44 With respect to user access: · The firm selected for testing a control over the issuer's review of requested user access to these IT systems. In its testing of the operating effectiveness of this control the firm excluded a certain type of user from its testing population and instead replaced one of the users selected with one of the excluded type of users. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2201 44 With respect to user access: · The firm selected for testing a control over the issuer's periodic review of previously granted access to these IT systems. In its testing of operating effectiveness the firm did not test beyond inquiry the aspect of the control that addressed the accuracy and completeness of the reports used in the operation of the control. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 7 AS 2201 44 With respect to user access: · The firm selected for testing a control over the issuer's periodic review of previously granted access to these IT systems. In its testing of operating effectiveness the firm did not test beyond inquiry the aspect of the control that addressed the accuracy and completeness of the reports used in the operation of the control. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 44 With respect to user access: · The firm selected for testing a control over the issuer's periodic review of previously granted access to these IT systems. In its testing of operating effectiveness the firm did not test beyond inquiry the aspect of the control that addressed the accuracy and completeness of the reports used in the operation of the control. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 44 With respect to user access: · The firm selected for testing a control over the issuer's periodic review of previously granted access to these IT systems. In its testing of operating effectiveness the firm did not test beyond inquiry the aspect of the control that addressed the accuracy and completeness of the reports used in the operation of the control. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 7 AS 2201 44 With respect to user access: · The firm selected for testing a control over the issuer's periodic review of previously granted access to these IT systems. In its testing of operating effectiveness the firm did not test beyond inquiry the aspect of the control that addressed the accuracy and completeness of the reports used in the operation of the control. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 8 AS 1105 10 As a result of the firm's ITGC testing deficiencies for revenue unbilled accounts receivable and deferred revenue the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls or (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 1105 10 As a result of the firm's ITGC testing deficiencies for revenue unbilled accounts receivable and deferred revenue the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls or (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 8 AS 1105 10 As a result of the firm's ITGC testing deficiencies for revenue unbilled accounts receivable and deferred revenue the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls or (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 9 AS 2201 42 The firm selected for testing automated controls over the timing of revenue recognition the approval of sales discounts and the calculation of contract progress. The firm did not sufficiently test the design and operating effectiveness of these automated controls as it limited its testing to only certain scenarios without identifying and/or evaluating all relevant configurations. Further for one of these controls the firm tested an aspect of this control in the issuer's IT testing environment rather than in its production environment without performing any procedures to determine whether the testing environment was a complete replica of the production environment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 42 The firm selected for testing automated controls over the timing of revenue recognition the approval of sales discounts and the calculation of contract progress. The firm did not sufficiently test the design and operating effectiveness of these automated controls as it limited its testing to only certain scenarios without identifying and/or evaluating all relevant configurations. Further for one of these controls the firm tested an aspect of this control in the issuer's IT testing environment rather than in its production environment without performing any procedures to determine whether the testing environment was a complete replica of the production environment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 9 AS 2201 42 The firm selected for testing automated controls over the timing of revenue recognition the approval of sales discounts and the calculation of contract progress. The firm did not sufficiently test the design and operating effectiveness of these automated controls as it limited its testing to only certain scenarios without identifying and/or evaluating all relevant configurations. Further for one of these controls the firm tested an aspect of this control in the issuer's IT testing environment rather than in its production environment without performing any procedures to determine whether the testing environment was a complete replica of the production environment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 9 AS 2201 44 The firm selected for testing automated controls over the timing of revenue recognition the approval of sales discounts and the calculation of contract progress. The firm did not sufficiently test the design and operating effectiveness of these automated controls as it limited its testing to only certain scenarios without identifying and/or evaluating all relevant configurations. Further for one of these controls the firm tested an aspect of this control in the issuer's IT testing environment rather than in its production environment without performing any procedures to determine whether the testing environment was a complete replica of the production environment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 44 The firm selected for testing automated controls over the timing of revenue recognition the approval of sales discounts and the calculation of contract progress. The firm did not sufficiently test the design and operating effectiveness of these automated controls as it limited its testing to only certain scenarios without identifying and/or evaluating all relevant configurations. Further for one of these controls the firm tested an aspect of this control in the issuer's IT testing environment rather than in its production environment without performing any procedures to determine whether the testing environment was a complete replica of the production environment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 9 AS 2201 44 The firm selected for testing automated controls over the timing of revenue recognition the approval of sales discounts and the calculation of contract progress. The firm did not sufficiently test the design and operating effectiveness of these automated controls as it limited its testing to only certain scenarios without identifying and/or evaluating all relevant configurations. Further for one of these controls the firm tested an aspect of this control in the issuer's IT testing environment rather than in its production environment without performing any procedures to determine whether the testing environment was a complete replica of the production environment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 10 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm did not perform any substantive procedures to evaluate the reasonableness of the standalone selling prices that the issuer established. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm did not perform any substantive procedures to evaluate the reasonableness of the standalone selling prices that the issuer established. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 10 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm did not perform any substantive procedures to evaluate the reasonableness of the standalone selling prices that the issuer established. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 11 AS 2201 39 The firm selected for testing certain controls related to the issuer's review of the reserve for excess and obsolete inventory. The firm did not identify and test any controls over certain inputs used in the operation of these controls. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 12 AS 2201 42 The firm selected for testing automated controls over the recording of inventory upon receipt. The firm did not sufficiently test the design and operating effectiveness of these automated controls as it limited its testing to only certain scenarios without identifying and evaluating all relevant configurations. Further the firm tested these controls in the issuer's IT testing environment rather than in its production environment without performing any procedures to determine whether the testing environment was a complete replica of the production environment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 12 AS 2201 44 The firm selected for testing automated controls over the recording of inventory upon receipt. The firm did not sufficiently test the design and operating effectiveness of these automated controls as it limited its testing to only certain scenarios without identifying and evaluating all relevant configurations. Further the firm tested these controls in the issuer's IT testing environment rather than in its production environment without performing any procedures to determine whether the testing environment was a complete replica of the production environment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 13 AS 2201 42 The firm selected for testing an automated control over the timing and amount of cost of sales recognized. The firm did not test whether cost of sales was recognized (1) upon revenue recognition and (2) at standard cost. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 13 AS 2201 44 The firm selected for testing an automated control over the timing and amount of cost of sales recognized. The firm did not test whether cost of sales was recognized (1) upon revenue recognition and (2) at standard cost. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes Significant Risk 14 AS 2201 42 The firm selected for testing certain controls that consisted of the issuer's review of the income tax provision transfer-pricing reserves uncertain tax positions and tax disclosures. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes Significant Risk 14 AS 2201 44 The firm selected for testing certain controls that consisted of the issuer's review of the income tax provision transfer-pricing reserves uncertain tax positions and tax disclosures. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes Significant Risk 15 AS 2201 39 The firm did not identify and test any controls related to the issuer's evaluation of the potential effects of changes in tax rates tax laws and accounting standards. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes Significant Risk 16 AS 1105 10 The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain information produced by the issuer that the firm used in its substantive testing of the income tax provision. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer used several IT systems to initiate process and/or record transactions related to one type of revenue and the related accounts receivable. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used several IT systems to initiate process and/or record transactions related to one type of revenue and the related accounts receivable. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 68 The firm identified significant deficiencies in ITGCs for two of the issuer's IT systems related to individuals having inappropriate access to these systems. The firm identified and tested various compensating controls that it believed would mitigate these deficiencies. In performing its testing of the identified compensating controls the firm did not identify that the control owners used data and reports in the performance of these controls that were produced by the systems that were subject to these ITGC deficiencies. (AS 2201.68) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 68 The firm identified significant deficiencies in ITGCs for two of the issuer's IT systems related to individuals having inappropriate access to these systems. The firm identified and tested various compensating controls that it believed would mitigate these deficiencies. In performing its testing of the identified compensating controls the firm did not identify that the control owners used data and reports in the performance of these controls that were produced by the systems that were subject to these ITGC deficiencies. (AS 2201.68) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 For another IT system the firm did not identify and test any controls that addressed the risk that inappropriate changes could be made to the reports maintained in this system. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 For another IT system the firm did not identify and test any controls that addressed the risk that inappropriate changes could be made to the reports maintained in this system. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data and reports it used in its substantive testing for this revenue and the related accounts receivable. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data and reports it used in its substantive testing for this revenue and the related accounts receivable. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 For this type of revenue the issuer entered into arrangements where it could either be acting in the capacity of a principal or an agent and as a result would record revenue on either a gross or net basis. The following additional deficiencies were identified: · For one business unit the firm selected for testing a control that included the issuer's review of changes to prices in the issuer's IT system for existing customers. The firm did not evaluate the specific review procedures that the control owner performed to assess the accuracy of these price changes. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 For this type of revenue the issuer entered into arrangements where it could either be acting in the capacity of a principal or an agent and as a result would record revenue on either a gross or net basis. The following additional deficiencies were identified: · For one business unit the firm selected for testing a control that included the issuer's review of changes to prices in the issuer's IT system for existing customers. The firm did not evaluate the specific review procedures that the control owner performed to assess the accuracy of these price changes. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 39 For this type of revenue the issuer entered into arrangements where it could either be acting in the capacity of a principal or an agent and as a result would record revenue on either a gross or net basis. The following additional deficiencies were identified: · The firm did not identify and test any controls that addressed whether the issuer was acting as a principal or an agent in these arrangements. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 39 For this type of revenue the issuer entered into arrangements where it could either be acting in the capacity of a principal or an agent and as a result would record revenue on either a gross or net basis. The following additional deficiencies were identified: · The issuer used point-of-sale systems to accumulate and transmit transaction data to certain of the issuer's IT systems and recorded revenue based on these data. The firm did not identify and test any controls that addressed the accuracy and completeness of these data. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2301 8 For this type of revenue the issuer entered into arrangements where it could either be acting in the capacity of a principal or an agent and as a result would record revenue on either a gross or net basis. The following additional deficiencies were identified: · The firm's substantive procedures to test this revenue included testing a sample of revenue transactions. For the transactions selected for testing the firm did not evaluate whether the issuer was acting as a principal or as an agent for this revenue. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2301 13 For this type of revenue the issuer entered into arrangements where it could either be acting in the capacity of a principal or an agent and as a result would record revenue on either a gross or net basis. The following additional deficiencies were identified: · The firm's substantive procedures to test this revenue included testing a sample of revenue transactions. For the transactions selected for testing the firm did not evaluate whether the issuer was acting as a principal or as an agent for this revenue. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 1105 10 For this type of revenue the issuer entered into arrangements where it could either be acting in the capacity of a principal or an agent and as a result would record revenue on either a gross or net basis. The following additional deficiencies were identified: · The firm used transaction data from the issuer's point-of-sale systems in its substantive testing. For one business unit the firm did not sufficiently test the accuracy and completeness of these data because the firm (1) did not select its sample from the full population and (2) for most of its selections limited its procedures to comparing the data to reports generated from the same transmitted data. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 1105 10 For this type of revenue the issuer entered into arrangements where it could either be acting in the capacity of a principal or an agent and as a result would record revenue on either a gross or net basis. The following additional deficiencies were identified: · The firm used transaction data from the issuer's point-of-sale systems in its substantive testing. For one business unit the firm did not perform any procedures to test or identify and test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 11 AS 2201 39 For two types of revenue one of which was affected by other audit deficiencies certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following additional deficiencies were identified: · The firm did not identify and test any controls that addressed the estimate of the standalone selling prices of the performance obligations. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2201 39 For two types of revenue one of which was affected by other audit deficiencies certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following additional deficiencies were identified: · For certain contracts the firm did not identify and test any controls that addressed whether the allocation of the transaction price to the separate performance obligations was based on the standalone selling prices. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 13 AS 2501 10 For two types of revenue one of which was affected by other audit deficiencies certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following additional deficiencies were identified: · The firm did not evaluate whether the methods that the issuer used to estimate the standalone selling prices were in conformity with FASB ASC Topic 606 because the firm did not evaluate whether the issuer's methods maximized the use of observable inputs. (AS 2501.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 14 AS 1105 10 For two types of revenue one of which was affected by other audit deficiencies certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following additional deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the completeness of the information the issuer used to estimate the standalone selling prices. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 15 AS 2301 8 For two types of revenue one of which was affected by other audit deficiencies certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following additional deficiencies were identified: · For certain contracts the firm did not perform any substantive procedures to test whether the allocation of the transaction price was based on standalone selling prices. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 15 AS 2301 13 For two types of revenue one of which was affected by other audit deficiencies certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following additional deficiencies were identified: · For certain contracts the firm did not perform any substantive procedures to test whether the allocation of the transaction price was based on standalone selling prices. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2201 42 The firm selected for testing a control over the issuer's review of the accounting treatment for one-time or unusual transactions. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the conclusions reached regarding the accounting treatment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 16 AS 2201 42 The firm selected for testing a control over the issuer's review of the accounting treatment for one-time or unusual transactions. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the conclusions reached regarding the accounting treatment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2201 44 The firm selected for testing a control over the issuer's review of the accounting treatment for one-time or unusual transactions. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the conclusions reached regarding the accounting treatment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 16 AS 2201 44 The firm selected for testing a control over the issuer's review of the accounting treatment for one-time or unusual transactions. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the conclusions reached regarding the accounting treatment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 For one type of revenue the firm selected for testing controls that consisted of the issuer's review of (1) invoices and revenue journal entries and (2) the related accounts receivable reconciliation. The firm did not identify and test any controls over the accuracy and completeness of certain reports that were used in the operation of these controls. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 39 For one type of revenue the firm selected for testing controls that consisted of the issuer's review of (1) invoices and revenue journal entries and (2) the related accounts receivable reconciliation. The firm did not identify and test any controls over the accuracy and completeness of certain reports that were used in the operation of these controls. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The following deficiencies were identified for another type of revenue: · The firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2201 39 The following deficiencies were identified for another type of revenue: · The firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 8 The following deficiencies were identified for another type of revenue: · The firm did not perform any substantive procedures to test (1) whether the performance obligation was satisfied before revenue was recognized and (2) the completeness of this revenue for the first three quarters of the year. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 8 The following deficiencies were identified for another type of revenue: · The firm did not perform any substantive procedures to test (1) whether the performance obligation was satisfied before revenue was recognized and (2) the completeness of this revenue for the first three quarters of the year. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 16 The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 16 The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 18 The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 18 The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 37 The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 37 The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 19 The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 19 The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23 The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 23 The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23A The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 23A The sample sizes the firm used in its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 2201 39 The issuer engaged a specialist to perform an assessment of goodwill and certain intangible assets for possible impairment. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the (1) reasonableness of a significant assumption developed by the company's specialist and (2) relevance and reliability of certain external information used by the company's specialist in developing another significant assumption. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over goodwill and these intangible assets and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 5 AS 2201 39 The issuer engaged a specialist to perform an assessment of goodwill and certain intangible assets for possible impairment. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the (1) reasonableness of a significant assumption developed by the company's specialist and (2) relevance and reliability of certain external information used by the company's specialist in developing another significant assumption. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over goodwill and these intangible assets and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 2201 42 The issuer engaged a specialist to perform an assessment of goodwill and certain intangible assets for possible impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of certain other significant assumptions developed by the company's specialist or developed by the issuer. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these significant assumptions. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over goodwill and these intangible assets and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 6 AS 2201 42 The issuer engaged a specialist to perform an assessment of goodwill and certain intangible assets for possible impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of certain other significant assumptions developed by the company's specialist or developed by the issuer. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these significant assumptions. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over goodwill and these intangible assets and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 2201 44 The issuer engaged a specialist to perform an assessment of goodwill and certain intangible assets for possible impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of certain other significant assumptions developed by the company's specialist or developed by the issuer. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these significant assumptions. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over goodwill and these intangible assets and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 6 AS 2201 44 The issuer engaged a specialist to perform an assessment of goodwill and certain intangible assets for possible impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of certain other significant assumptions developed by the company's specialist or developed by the issuer. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these significant assumptions. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over goodwill and these intangible assets and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 7 AS 1105 A8b The firm's approach to evaluate these intangible assets for possible impairment was to test the issuer's process. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Unrelated to our review the issuer reevaluated its accounting for these assets and concluded that misstatements existed that had not been previously identified. The issuer corrected these misstatements in a subsequent filing. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 7 AS 2501 16 The firm's approach to evaluate these intangible assets for possible impairment was to test the issuer's process. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Unrelated to our review the issuer reevaluated its accounting for these assets and concluded that misstatements existed that had not been previously identified. The issuer corrected these misstatements in a subsequent filing. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 8 AS 1105 A8b The firm's approach to evaluate these intangible assets for possible impairment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the company's specialist because it did not evaluate whether these assumptions were consistent with existing market information. (AS 1105.A8b) Unrelated to our review the issuer reevaluated its accounting for these assets and concluded that misstatements existed that had not been previously identified. The issuer corrected these misstatements in a subsequent filing. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 9 AS 1105 A8b The firm's approach to evaluate these intangible assets for possible impairment was to test the issuer's process. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of certain external information used by the company's specialist in developing another significant assumption. (AS 1105.A8a) Unrelated to our review the issuer reevaluated its accounting for these assets and concluded that misstatements existed that had not been previously identified. The issuer corrected these misstatements in a subsequent filing. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 10 AS 2201 39 During the year the issuer restructured certain of its debt and recorded an extinguishment loss. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the (1) restructured debt and (2) issuer's fair value disclosures for debt were measured in conformity with FASB ASC Topic 820 Fair Value Measurement. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 11 AS 2501 21 During the year the issuer restructured certain of its debt and recorded an extinguishment loss. The following deficiencies were identified: · The firm's approach to substantively test the fair value of the restructured debt was to develop an independent expectation of the estimate. In developing its expectation the firm did not take into account certain requirements of FASB ASC Topic 820. (AS 2501.21) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 12 AS 2501 7 During the year the issuer restructured certain of its debt and recorded an extinguishment loss. The following deficiencies were identified: · The firm did not perform any procedures to test the issuer's fair value disclosures for debt. (AS 2501.07) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The issuer used an IT system to initiate process and record transactions related to revenue and inventory. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test controls that addressed whether the level of access provided to users was appropriate. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The issuer used an IT system to initiate process and record transactions related to revenue and inventory. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test controls that addressed whether the level of access provided to users was appropriate. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 46 The issuer used an IT system to initiate process and record transactions related to revenue and inventory. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiency in the firm's testing of ITGCs the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 46 The issuer used an IT system to initiate process and record transactions related to revenue and inventory. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiency in the firm's testing of ITGCs the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm selected for testing certain controls that consisted of the issuer's review of the (1) allocation of labor and overhead costs to inventory and (2) reserve for excess and obsolete inventory. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of these controls. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of standard costing for inventory items with cost increases. In evaluating the design of this control the firm did not assess the effect of the issuer excluding decreases in costs on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 42 The firm selected for testing a control that consisted of the automated recording of inventory at standard cost and the issuer's review of variances between actual and standard costs. The firm did not test the automated aspect of this control. Further the firm did not evaluate the review procedures that the control owner performed related to the review of variances including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 44 The firm selected for testing a control that consisted of the automated recording of inventory at standard cost and the issuer's review of variances between actual and standard costs. The firm did not test the automated aspect of this control. Further the firm did not evaluate the review procedures that the control owner performed related to the review of variances including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the classification of inventory between raw materials work-in-process and finished goods. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the classification of inventory between raw materials work-in-process and finished goods. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 1105 10 The firm did not perform procedures to test or test any controls over the completeness of a system-generated report that the firm used (1) to make its selections to test a control over the recording of inventory upon receipt and (2) in its substantive testing of inventory cut-off. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 8 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired intangible assets and the provision for contingent consideration to be paid to the seller. The firm's approach for substantively testing the fair values of the acquired intangible assets was to develop independent expectations of the estimates. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer which were also used by the firm in developing its independent expectations. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 9 AS 1105 10 During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired intangible assets and the provision for contingent consideration to be paid to the seller. The firm's approach for substantively testing the fair values of the acquired intangible assets was to develop independent expectations of the estimates. The following deficiencies were identified: · The firm did not test or test any controls over the accuracy and/or completeness of certain data produced by the issuer and used by the firm in developing its independent expectations. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 10 AS 2501 22 During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired intangible assets and the provision for contingent consideration to be paid to the seller. The firm's approach for substantively testing the fair values of the acquired intangible assets was to develop independent expectations of the estimates. The following deficiencies were identified: · The firm did not perform procedures to demonstrate it had a reasonable basis for certain assumptions it independently derived. (AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 11 AS 2501 22 During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired intangible assets and the provision for contingent consideration to be paid to the seller. The firm's approach for substantively testing the fair values of the acquired intangible assets was to develop independent expectations of the estimates. The following deficiencies were identified: · For two of the acquired intangible assets the firm did not perform sufficient procedures to demonstrate it had a reasonable basis for an assumption it independently derived because the data it used to develop this assumption included unrelated data. (AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 12 AS 1105 4 During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired intangible assets and the provision for contingent consideration to be paid to the seller. The firm's approach for substantively testing the fair values of the acquired intangible assets was to develop independent expectations of the estimates. The following deficiencies were identified: · For two of the acquired intangible assets the firm did not evaluate the relevance of certain external data it used to develop its independent expectations. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 12 AS 1105 6 During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired intangible assets and the provision for contingent consideration to be paid to the seller. The firm's approach for substantively testing the fair values of the acquired intangible assets was to develop independent expectations of the estimates. The following deficiencies were identified: · For two of the acquired intangible assets the firm did not evaluate the relevance of certain external data it used to develop its independent expectations. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 13 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired intangible assets and the provision for contingent consideration to be paid to the seller. The firm's approach for substantively testing the fair values of the acquired intangible assets was to develop independent expectations of the estimates. The following deficiencies were identified: · For one of the acquired intangible assets the firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist which the firm used in developing its independent expectation of this estimate. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate the (1) relevance and reliability of external data that the company's specialist used to develop this assumption and (2) reasonableness of this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 13 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired intangible assets and the provision for contingent consideration to be paid to the seller. The firm's approach for substantively testing the fair values of the acquired intangible assets was to develop independent expectations of the estimates. The following deficiencies were identified: · For one of the acquired intangible assets the firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist which the firm used in developing its independent expectation of this estimate. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate the (1) relevance and reliability of external data that the company's specialist used to develop this assumption and (2) reasonableness of this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 13 AS 1201 C6 During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired intangible assets and the provision for contingent consideration to be paid to the seller. The firm's approach for substantively testing the fair values of the acquired intangible assets was to develop independent expectations of the estimates. The following deficiencies were identified: · For one of the acquired intangible assets the firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist which the firm used in developing its independent expectation of this estimate. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate the (1) relevance and reliability of external data that the company's specialist used to develop this assumption and (2) reasonableness of this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 13 AS 1201 C7 During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired intangible assets and the provision for contingent consideration to be paid to the seller. The firm's approach for substantively testing the fair values of the acquired intangible assets was to develop independent expectations of the estimates. The following deficiencies were identified: · For one of the acquired intangible assets the firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist which the firm used in developing its independent expectation of this estimate. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate the (1) relevance and reliability of external data that the company's specialist used to develop this assumption and (2) reasonableness of this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 14 AS 2301 8 The firm did not evaluate whether in conformity with FASB ASC Topic 805 Business Combinations a separately identifiable intangible asset existed related to an agreement that was executed as part of the acquisition. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 15 AS 2501 16 The firm's approach for substantively testing the fair value of the contingent consideration to be paid to the sellers was to review and test the issuer's process. The firm's approach for evaluating the reasonableness of certain of the issuer's assumptions was to develop independent expectations of those assumptions. The firm did not compare the issuer's assumptions to these independent expectations which were affected by the audit deficiencies discussed above. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 1 AS 2201 39 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. The issuer recognized certain revenue from one of its business units over time based on units completed to date relative to total contractual units. The firm did not identify and test any controls that addressed whether certain requirements of FASB ASC Topic 606 had been met in determining revenue recognition. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 2 AS 2301 8 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. The firm did not perform sufficient substantive procedures to evaluate whether certain of this revenue was appropriately recognized because the firm only reviewed one customer change order. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 3 AS 2201 39 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For the unbilled portion of this revenue the following additional deficiencies were identified: · The firm did not identify and test any controls that addressed the accuracy of this revenue. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 4 AS 2201 42 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For the unbilled portion of this revenue the following additional deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of revenue journal entries and related support. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 4 AS 2201 44 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For the unbilled portion of this revenue the following additional deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of revenue journal entries and related support. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 5 AS 2201 42 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For the unbilled portion of this revenue the following additional deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of revenue journal entries and related support. The firm did not test the aspect of this control that addressed the accuracy and completeness of certain information used to record revenue. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 5 AS 2201 44 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For the unbilled portion of this revenue the following additional deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of revenue journal entries and related support. The firm did not test the aspect of this control that addressed the accuracy and completeness of certain information used to record revenue. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2201 42 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For the unbilled portion of this revenue the following additional deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of contract setup within the issuer's IT system. The firm did not test the aspect of this control that addressed the accuracy of contractual units and rates. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2201 44 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For the unbilled portion of this revenue the following additional deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of contract setup within the issuer's IT system. The firm did not test the aspect of this control that addressed the accuracy of contractual units and rates. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 7 AS 2301 8 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For the unbilled portion of this revenue the following additional deficiencies were identified: · The firm did not perform any procedures to test the completeness of this revenue. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 8 AS 2201 42 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For another business unit the issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete these contracts. Certain of this revenue included revenue from contract modifications that had not yet been approved by customers. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of revenue recognition for certain contracts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 8 AS 2201 44 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For another business unit the issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete these contracts. Certain of this revenue included revenue from contract modifications that had not yet been approved by customers. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of revenue recognition for certain contracts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 9 AS 2201 42 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For another business unit the issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete these contracts. Certain of this revenue included revenue from contract modifications that had not yet been approved by customers. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of revenue recognition for modified contracts. The firm did not test the design of the aspects of this control related to unapproved contract modifications. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 10 AS 2301 8 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For another business unit the issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete these contracts. Certain of this revenue included revenue from contract modifications that had not yet been approved by customers. The following deficiencies were identified: · The firm did not perform procedures to evaluate whether unapproved contract modifications were accounted for in conformity with FASB ASC Topic 606. (AS 2301.08 and .11) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 10 AS 2301 11 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For another business unit the issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete these contracts. Certain of this revenue included revenue from contract modifications that had not yet been approved by customers. The following deficiencies were identified: · The firm did not perform procedures to evaluate whether unapproved contract modifications were accounted for in conformity with FASB ASC Topic 606. (AS 2301.08 and .11) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 11 AS 1105 A8a The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For another business unit the issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete these contracts. Certain of this revenue included revenue from contract modifications that had not yet been approved by customers. The following deficiencies were identified: · The issuer engaged a specialist to assist it in estimating the amount of revenue to be recognized from certain unapproved contract modifications using various significant assumptions. The firm did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist or by the issuer (2) test the accuracy and completeness of information produced by the issuer that was used by the company's specialist and (3) evaluate whether the methods used by the company's specialist were appropriate under the circumstances. (AS 1105.A8a-c; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 11 AS 1105 A8b The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For another business unit the issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete these contracts. Certain of this revenue included revenue from contract modifications that had not yet been approved by customers. The following deficiencies were identified: · The issuer engaged a specialist to assist it in estimating the amount of revenue to be recognized from certain unapproved contract modifications using various significant assumptions. The firm did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist or by the issuer (2) test the accuracy and completeness of information produced by the issuer that was used by the company's specialist and (3) evaluate whether the methods used by the company's specialist were appropriate under the circumstances. (AS 1105.A8a-c; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 11 AS 1105 A8c The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For another business unit the issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete these contracts. Certain of this revenue included revenue from contract modifications that had not yet been approved by customers. The following deficiencies were identified: · The issuer engaged a specialist to assist it in estimating the amount of revenue to be recognized from certain unapproved contract modifications using various significant assumptions. The firm did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist or by the issuer (2) test the accuracy and completeness of information produced by the issuer that was used by the company's specialist and (3) evaluate whether the methods used by the company's specialist were appropriate under the circumstances. (AS 1105.A8a-c; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 11 AS 2501 16 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For another business unit the issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete these contracts. Certain of this revenue included revenue from contract modifications that had not yet been approved by customers. The following deficiencies were identified: · The issuer engaged a specialist to assist it in estimating the amount of revenue to be recognized from certain unapproved contract modifications using various significant assumptions. The firm did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist or by the issuer (2) test the accuracy and completeness of information produced by the issuer that was used by the company's specialist and (3) evaluate whether the methods used by the company's specialist were appropriate under the circumstances. (AS 1105.A8a-c; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 12 AS 2201 39 The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. The firm selected for testing controls that consisted of the issuer's reviews of allowances for accounts related to certain revenue. The firm did not identify and test any controls over the accuracy of certain reports used in the operation of these controls. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 13 AS 2301 16 The sample sizes the firm used in its substantive procedures to test certain revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 13 AS 2301 18 The sample sizes the firm used in its substantive procedures to test certain revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 13 AS 2301 37 The sample sizes the firm used in its substantive procedures to test certain revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 13 AS 2315 19 The sample sizes the firm used in its substantive procedures to test certain revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 13 AS 2315 23 The sample sizes the firm used in its substantive procedures to test certain revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 13 AS 2315 23A The sample sizes the firm used in its substantive procedures to test certain revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 14 AS 2201 39 The firm did not identify and test any controls that addressed whether the issuer's fair value disclosures for certain debt were measured in conformity with FASB ASC Topic 820. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 15 AS 2501 7 The firm did not perform any substantive procedures to test the issuer's fair value disclosures for this debt. (AS 2501.07) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 16 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 820 related to the categorization of certain of this debt within the fair value hierarchy. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosure related to this debt and determined that a disclosure was omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this omission in a subsequent filing. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 16 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 820 related to the categorization of certain of this debt within the fair value hierarchy. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosure related to this debt and determined that a disclosure was omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this omission in a subsequent filing. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 For one business unit the issuer recognized several types of revenue. The following deficiencies were identified: · For one type of revenue the firm selected for testing various automated controls over the processing of certain orders through the issuer's IT systems. The firm's testing of each of these automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test whether changes to configurations within these controls were subject to effective ITGCs over these IT systems. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 For one business unit the issuer recognized several types of revenue. The following deficiencies were identified: · For one type of revenue the firm selected for testing various automated controls over the processing of certain orders through the issuer's IT systems. The firm's testing of each of these automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test whether changes to configurations within these controls were subject to effective ITGCs over these IT systems. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 For one business unit the issuer recognized several types of revenue. The following deficiencies were identified: · For a second type of revenue the firm selected for testing a control that included the issuer's evaluation of whether delivery and installation were a single performance obligation. The firm did not test this aspect of the control. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 For one business unit the issuer recognized several types of revenue. The following deficiencies were identified: · For a second type of revenue the firm selected for testing a control that included the issuer's evaluation of whether delivery and installation were a single performance obligation. The firm did not test this aspect of the control. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 For one business unit the issuer recognized several types of revenue. The following deficiencies were identified: · For a second type of revenue the firm selected for testing a control that included the issuer's evaluation of whether delivery and installation were a single performance obligation. The firm did not test this aspect of the control. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 For one business unit the issuer recognized several types of revenue. The following deficiencies were identified: · For a second type of revenue the firm selected for testing a control that included the issuer's evaluation of whether delivery and installation were a single performance obligation. The firm did not test this aspect of the control. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 For one business unit the issuer recognized several types of revenue. The following deficiencies were identified: · For a second type of revenue the firm selected for testing a control that included the issuer's evaluation of whether delivery and installation were a single performance obligation. The firm did not identify and test any controls that addressed the risk that other performance obligations existed that would affect whether revenue was appropriately recognized. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 For one business unit the issuer recognized several types of revenue. The following deficiencies were identified: · For a second type of revenue the firm selected for testing a control that included the issuer's evaluation of whether delivery and installation were a single performance obligation. The firm did not identify and test any controls that addressed the risk that other performance obligations existed that would affect whether revenue was appropriately recognized. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 39 For one business unit the issuer recognized several types of revenue. The following deficiencies were identified: · For both types of revenue the firm did not identify and test any controls that addressed whether the quantities the issuer invoiced represented the quantities ordered by the customers. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 39 For one business unit the issuer recognized several types of revenue. The following deficiencies were identified: · For both types of revenue the firm did not identify and test any controls that addressed whether the quantities the issuer invoiced represented the quantities ordered by the customers. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 42 For another business unit the firm selected for testing a control over the transfer of data from the revenue system to the general ledger. The firm did not test the automated aspect of this control that addressed the completeness of the data transferred. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 For another business unit the firm selected for testing a control over the transfer of data from the revenue system to the general ledger. The firm did not test the automated aspect of this control that addressed the completeness of the data transferred. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 44 For another business unit the firm selected for testing a control over the transfer of data from the revenue system to the general ledger. The firm did not test the automated aspect of this control that addressed the completeness of the data transferred. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 For another business unit the firm selected for testing a control over the transfer of data from the revenue system to the general ledger. The firm did not test the automated aspect of this control that addressed the completeness of the data transferred. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Equity 7 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the fair value measurements of redeemable noncontrolling interests. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the earnings multiples used in determining the fair values. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Equity 7 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the fair value measurements of redeemable noncontrolling interests. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the earnings multiples used in determining the fair values. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Equity 8 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of the fair value measurements of redeemable noncontrolling interests. The firm did not identify and test any controls over the accuracy and completeness of the historical earnings multiples that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Equity 9 AS 2810 17 The firm identified the issuer's omission of a required disclosure under FASB ASC Topic 820 related to the earnings multiples used in the fair value measurements of redeemable noncontrolling interests. The firm did not sufficiently evaluate the effect of this omission because it limited its assessment to asserting that including the omitted disclosure would not change a financial statement user's decision. (AS 2810.17 .30 and .31) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Equity 9 AS 2810 30 The firm identified the issuer's omission of a required disclosure under FASB ASC Topic 820 related to the earnings multiples used in the fair value measurements of redeemable noncontrolling interests. The firm did not sufficiently evaluate the effect of this omission because it limited its assessment to asserting that including the omitted disclosure would not change a financial statement user's decision. (AS 2810.17 .30 and .31) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Equity 9 AS 2810 31 The firm identified the issuer's omission of a required disclosure under FASB ASC Topic 820 related to the earnings multiples used in the fair value measurements of redeemable noncontrolling interests. The firm did not sufficiently evaluate the effect of this omission because it limited its assessment to asserting that including the omitted disclosure would not change a financial statement user's decision. (AS 2810.17 .30 and .31) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 1105 A8c During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 1105 A8c During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 1 AS 1105 A8c During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2315 16 During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 2315 16 During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 1 AS 2315 16 During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2315 23 During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 2315 23 During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 1 AS 2315 23 During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2315 23A During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 2315 23A During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 1 AS 2315 23A During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 1105.A8c; AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 1105 A8c During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. For one category of these assets the firm did not evaluate whether the data and significant assumptions were appropriately applied to the complete population of these assets. (AS 1105.A8c) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1105 A8c During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. For one category of these assets the firm did not evaluate whether the data and significant assumptions were appropriately applied to the complete population of these assets. (AS 1105.A8c) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 2 AS 1105 A8c During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · In evaluating the company's specialist's methods to determine these fair values as of the acquisition date the firm selected a sample of assets to evaluate whether the data and significant assumptions were appropriately applied. For one category of these assets the firm did not evaluate whether the data and significant assumptions were appropriately applied to the complete population of these assets. (AS 1105.A8c) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · For these acquired assets and the related liabilities as of the acquisition date the firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist beyond comparing these assumptions to assumptions the issuer used in the prior year. (AS 1105.A8b) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · For these acquired assets and the related liabilities as of the acquisition date the firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist beyond comparing these assumptions to assumptions the issuer used in the prior year. (AS 1105.A8b) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 3 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · For these acquired assets and the related liabilities as of the acquisition date the firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist beyond comparing these assumptions to assumptions the issuer used in the prior year. (AS 1105.A8b) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · The issuer used a service organization to process and record transactions related to certain of these assets and the related liabilities which was the source of certain data used by the company's specialist. The firm's approach to testing these data upon acquisition and year end included reliance on controls at the service organization. The firm did not perform procedures to test or test the operating effectiveness of certain complimentary user controls over these data that were identified in the service auditor's report. (AS 1105.A8a; AS 2601.14) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 4 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · The issuer used a service organization to process and record transactions related to certain of these assets and the related liabilities which was the source of certain data used by the company's specialist. The firm's approach to testing these data upon acquisition and year end included reliance on controls at the service organization. The firm did not perform procedures to test or test the operating effectiveness of certain complimentary user controls over these data that were identified in the service auditor's report. (AS 1105.A8a; AS 2601.14) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 4 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · The issuer used a service organization to process and record transactions related to certain of these assets and the related liabilities which was the source of certain data used by the company's specialist. The firm's approach to testing these data upon acquisition and year end included reliance on controls at the service organization. The firm did not perform procedures to test or test the operating effectiveness of certain complimentary user controls over these data that were identified in the service auditor's report. (AS 1105.A8a; AS 2601.14) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2601 14 During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · The issuer used a service organization to process and record transactions related to certain of these assets and the related liabilities which was the source of certain data used by the company's specialist. The firm's approach to testing these data upon acquisition and year end included reliance on controls at the service organization. The firm did not perform procedures to test or test the operating effectiveness of certain complimentary user controls over these data that were identified in the service auditor's report. (AS 1105.A8a; AS 2601.14) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 4 AS 2601 14 During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · The issuer used a service organization to process and record transactions related to certain of these assets and the related liabilities which was the source of certain data used by the company's specialist. The firm's approach to testing these data upon acquisition and year end included reliance on controls at the service organization. The firm did not perform procedures to test or test the operating effectiveness of certain complimentary user controls over these data that were identified in the service auditor's report. (AS 1105.A8a; AS 2601.14) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 4 AS 2601 14 During the year the issuer acquired a business and engaged a specialist to assist in determining the fair values of certain acquired assets and the related liabilities as of the acquisition date using various significant assumptions. This specialist also assisted the issuer in determining the fair values at year end. The following deficiencies were identified: · The issuer used a service organization to process and record transactions related to certain of these assets and the related liabilities which was the source of certain data used by the company's specialist. The firm's approach to testing these data upon acquisition and year end included reliance on controls at the service organization. The firm did not perform procedures to test or test the operating effectiveness of certain complimentary user controls over these data that were identified in the service auditor's report. (AS 1105.A8a; AS 2601.14) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2310 31 For a sample of certain acquired assets as of the acquisition date and at year end the firm sent positive confirmation requests. For the confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts were accurate as of the confirmation date. (AS 2310.31) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 5 AS 2310 31 For a sample of certain acquired assets as of the acquisition date and at year end the firm sent positive confirmation requests. For the confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts were accurate as of the confirmation date. (AS 2310.31) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 5 AS 2310 31 For a sample of certain acquired assets as of the acquisition date and at year end the firm sent positive confirmation requests. For the confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts were accurate as of the confirmation date. (AS 2310.31) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 1105 A8a The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 6 AS 1105 A8a The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 6 AS 1105 A8a The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 1105 A8b The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 6 AS 1105 A8b The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 6 AS 1105 A8b The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 1210 9 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 6 AS 1210 9 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 6 AS 1210 9 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 1210 12 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 6 AS 1210 12 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 6 AS 1210 12 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2501 16 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 6 AS 2501 16 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 6 AS 2501 16 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the (1) reasonableness of significant assumptions developed by the company's specialist or by the issuer and (2) relevance and reliability of certain external data used by the company's specialist. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 1105 10 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy or completeness of certain issuer-produced data used by the issuer to estimate the discount rates that the company's specialist used to estimate the fair values of one category of these assets and the related liabilities. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 7 AS 1105 10 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy or completeness of certain issuer-produced data used by the issuer to estimate the discount rates that the company's specialist used to estimate the fair values of one category of these assets and the related liabilities. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 7 AS 1105 10 The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy or completeness of certain issuer-produced data used by the issuer to estimate the discount rates that the company's specialist used to estimate the fair values of one category of these assets and the related liabilities. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 1105 A8c The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not sufficiently evaluate the appropriateness of the methods used by the company's specialist for this category of these assets and the related liabilities because it did not evaluate whether certain other information used was relevant to the estimate. (AS 1105.A8c) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 8 AS 1105 A8c The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not sufficiently evaluate the appropriateness of the methods used by the company's specialist for this category of these assets and the related liabilities because it did not evaluate whether certain other information used was relevant to the estimate. (AS 1105.A8c) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 8 AS 1105 A8c The firm used an auditor-engaged specialist to assist it with testing the fair values of certain assets and the related liabilities at year end which were determined by one of the company's specialists. The following deficiencies were identified: · The firm did not sufficiently evaluate the appropriateness of the methods used by the company's specialist for this category of these assets and the related liabilities because it did not evaluate whether certain other information used was relevant to the estimate. (AS 1105.A8c) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 9 AS 2501 16 During the year the issuer acquired two businesses. The firm did not perform any procedures to evaluate the reasonableness of certain significant issuer-developed assumptions that were used by another of the company's specialists to determine the fair values of acquired intangible assets as of the acquisition date and at year end. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Intangible Assets 9 AS 2501 16 During the year the issuer acquired two businesses. The firm did not perform any procedures to evaluate the reasonableness of certain significant issuer-developed assumptions that were used by another of the company's specialists to determine the fair values of acquired intangible assets as of the acquisition date and at year end. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 1105 10 The firm used system-generated data and reports in its testing of revenue. The following deficiencies were identified: · The extent of the firm's procedures to test the accuracy of certain of these system-generated reports was not sufficient because when calculating its sample size the firm did not take into account an identified significant deficiency over ITGCs for this system. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 1105 10 The firm used system-generated data and reports in its testing of revenue. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of one of these reports and certain other system-generated data certain of which the firm used in developing its expectations for substantive analytical procedures beyond observing the issuer generate this report. (AS 1105.10; AS 2305.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2305 16 The firm used system-generated data and reports in its testing of revenue. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of one of these reports and certain other system-generated data certain of which the firm used in developing its expectations for substantive analytical procedures beyond observing the issuer generate this report. (AS 1105.10; AS 2305.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 8 The issuer's contractual arrangements offered certain discounts primarily consisting of rebates and other deductions. For one type of revenue the issuer recorded these discounts as an expense. The firm did not evaluate whether the issuer's accounting for these discounts was in conformity with FASB ASC Topic 606. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 1105 4 The issuer performed a quantitative assessment of the possible impairment of goodwill. To determine the fair value of the reporting unit the issuer developed cash-flow forecasts using various significant assumptions. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of certain industry information it used in evaluating the reasonableness of certain significant assumptions. (AS 1105.04 and 06) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 4 AS 1105 6 The issuer performed a quantitative assessment of the possible impairment of goodwill. To determine the fair value of the reporting unit the issuer developed cash-flow forecasts using various significant assumptions. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of certain industry information it used in evaluating the reasonableness of certain significant assumptions. (AS 1105.04 and 06) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 2501 16 The issuer performed a quantitative assessment of the possible impairment of goodwill. To determine the fair value of the reporting unit the issuer developed cash-flow forecasts using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the significant assumptions related to revenue growth rates because it did not evaluate significant differences between these assumptions and industry information and historical experience. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 6 AS 2501 16 The issuer performed a quantitative assessment of the possible impairment of goodwill. To determine the fair value of the reporting unit the issuer developed cash-flow forecasts using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions because it did not take into account (1) certain contractual restrictions or (2) the issuer's written plans or other relevant documentation that could affect the issuer's ability to carry out its planned actions. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 6 AS 2501 17 The issuer performed a quantitative assessment of the possible impairment of goodwill. To determine the fair value of the reporting unit the issuer developed cash-flow forecasts using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions because it did not take into account (1) certain contractual restrictions or (2) the issuer's written plans or other relevant documentation that could affect the issuer's ability to carry out its planned actions. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 The firm identified a control deficiency related to the issuer's review of changes to prices maintained in the issuer's general ledger. The firm identified and tested various controls that it believed would mitigate this deficiency. The firm did not identify that these compensating controls did not address the risk of material misstatement related to inaccurate price changes. (AS 2201.68) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 For one type of revenue the firm did not identify and test any controls that addressed the risk related to the completeness and accuracy of data transferred from the issuer's revenue system to the general ledger. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 39 The firm did not identify and test any controls that addressed the issuer's presentation of deferred revenue. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2810 30 The firm did not identify and evaluate that the issuer's presentation of certain deferred revenue was not in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2810 31 The firm did not identify and evaluate that the issuer's presentation of certain deferred revenue was not in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 68 The issuer recognized revenue from two of its business units based in part on labor hours recorded in a timekeeping system hosted by a service organization. The following deficiencies were identified: · The firm was unable to obtain a service auditor's report regarding the effectiveness of the service organization's controls for the year under audit. The firm identified and tested various compensating controls that it believed would mitigate its inability to obtain a service auditor's report. The firm did not identify that the control owners used labor hours in the performance of these compensating controls that were obtained from this timekeeping system. (AS 2201.68) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 1105 10 The issuer recognized revenue from two of its business units based in part on labor hours recorded in a timekeeping system hosted by a service organization. The following deficiencies were identified: · The firm used labor hours from this timekeeping system in its testing of this revenue and related accounts. The firm did not perform any procedures to test or sufficiently test controls over the accuracy and completeness of these labor hours. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 1105 10 During the year the issuer acquired a business and the firm used labor hours from another timekeeping system in its testing of (1) contract assets acquired and liabilities assumed and (2) the acquired business' revenue and related accounts. The firm did not perform any procedures to test or test controls over the accuracy and completeness of these labor hours. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 1105 10 During the year the issuer acquired a business and the firm used labor hours from another timekeeping system in its testing of (1) contract assets acquired and liabilities assumed and (2) the acquired business' revenue and related accounts. The firm did not perform any procedures to test or test controls over the accuracy and completeness of these labor hours. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Other Income 1 AS 2201 39 During the year the issuer sold several of its business units and recorded divestiture gains. The following deficiencies were identified: · The firm did not identify and test any controls over the calculation of the divestiture gains. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Other Income 2 AS 1105 10 During the year the issuer sold several of its business units and recorded divestiture gains. The following deficiencies were identified: · For certain divestitures the firm used information produced by the issuer in its testing of the divestiture gains but did not perform any procedures to test or test any controls over the accuracy and completeness of certain of this information. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The firm performed procedures to test the accuracy of certain issuer-prepared data the firm used in its testing of the relative standalone selling prices. The extent of these procedures was not sufficient because the firm calculated its samples of items to test assuming a control reliance strategy but did not take into account that one of the controls the firm relied upon was ineffective. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 1105 10 The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The issuer produced certain information that was (1) used in the firm's testing of revenue and lease operating expenses and (2) provided to the company's specialist. The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of this information. (AS 1105.10 and .A8a) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 1 AS 1105 10 The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The issuer produced certain information that was (1) used in the firm's testing of revenue and lease operating expenses and (2) provided to the company's specialist. The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of this information. (AS 1105.10 and .A8a) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The issuer produced certain information that was (1) used in the firm's testing of revenue and lease operating expenses and (2) provided to the company's specialist. The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of this information. (AS 1105.10 and .A8a) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 1105 A8a The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The issuer produced certain information that was (1) used in the firm's testing of revenue and lease operating expenses and (2) provided to the company's specialist. The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of this information. (AS 1105.10 and .A8a) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 1 AS 1105 A8a The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The issuer produced certain information that was (1) used in the firm's testing of revenue and lease operating expenses and (2) provided to the company's specialist. The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of this information. (AS 1105.10 and .A8a) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 A8a The issuer used a specialist to estimate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned. The issuer produced certain information that was (1) used in the firm's testing of revenue and lease operating expenses and (2) provided to the company's specialist. The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of this information. (AS 1105.10 and .A8a) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Leases 2 AS 1105 4 The firm used certain information produced by a related party in its testing of revenue and lease operating expenses but did not perform any procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 4 The firm used certain information produced by a related party in its testing of revenue and lease operating expenses but did not perform any procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Leases 2 AS 1105 6 The firm used certain information produced by a related party in its testing of revenue and lease operating expenses but did not perform any procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 6 The firm used certain information produced by a related party in its testing of revenue and lease operating expenses but did not perform any procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties Fraud Risk 3 AS 1105 A8a The company's specialist used certain other information provided by related parties of the issuer and an external source to estimate the issuer's oil and gas reserves. The following deficiencies were identified: · The firm's procedures to evaluate the relevance and reliability of the information provided by related parties were not sufficient because (1) it did not evaluate whether this information was relevant to the measurement objective and (2) when determining the number of items to test the firm did not take into account the source of the information. (AS 1105.A8a) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties Fraud Risk 4 AS 1105 A8a The company's specialist used certain other information provided by related parties of the issuer and an external source to estimate the issuer's oil and gas reserves. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of the information provided by the external source. (AS 1105.A8a) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. With respect to revenue at one business unit the firm did not perform any substantive procedures to evaluate the reasonableness of the standalone selling prices that the issuer used. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2101 11 With respect to certain revenue at the remaining business units (“other revenue”) the firm did not evaluate whether the risks of material misstatement that the firm associated with certain revenue at the first business unit that was subject to more extensive audit procedures also applied to this other revenue. (AS 2101.11 and .12) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2101 12 With respect to certain revenue at the remaining business units (“other revenue”) the firm did not evaluate whether the risks of material misstatement that the firm associated with certain revenue at the first business unit that was subject to more extensive audit procedures also applied to this other revenue. (AS 2101.11 and .12) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2501 16 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to revenue growth rates for the forecast period. The following deficiencies were identified: · For certain years within the forecast period the firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not (1) evaluate significant differences between the issuer's forecasted rates and industry growth information it used to support these rates (2) evaluate whether these forecasted rates were consistent with the issuer's historical and recent experience and (3) take into account the issuer's ability to achieve these forecasted rates. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2501 17 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to revenue growth rates for the forecast period. The following deficiencies were identified: · For certain years within the forecast period the firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not (1) evaluate significant differences between the issuer's forecasted rates and industry growth information it used to support these rates (2) evaluate whether these forecasted rates were consistent with the issuer's historical and recent experience and (3) take into account the issuer's ability to achieve these forecasted rates. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2501 16 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to revenue growth rates for the forecast period. The following deficiencies were identified: · For the remaining years within the forecast period the firm did not perform any procedures to evaluate the reasonableness of the forecasted revenue growth rates. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 1105 4 During the year the issuer issued warrants that were recorded as equity and engaged a specialist to determine the fair values of these warrants. The firm's approach for substantively testing the fair values of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) evaluate external data the auditor-employed specialist used to develop an independent expectation of one significant assumption and (2) identify that the auditor-employed specialist did not perform any procedures to evaluate certain of the other significant assumptions. (AS 1105.04 .06 and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 1105 6 During the year the issuer issued warrants that were recorded as equity and engaged a specialist to determine the fair values of these warrants. The firm's approach for substantively testing the fair values of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) evaluate external data the auditor-employed specialist used to develop an independent expectation of one significant assumption and (2) identify that the auditor-employed specialist did not perform any procedures to evaluate certain of the other significant assumptions. (AS 1105.04 .06 and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 1105 A8b During the year the issuer issued warrants that were recorded as equity and engaged a specialist to determine the fair values of these warrants. The firm's approach for substantively testing the fair values of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) evaluate external data the auditor-employed specialist used to develop an independent expectation of one significant assumption and (2) identify that the auditor-employed specialist did not perform any procedures to evaluate certain of the other significant assumptions. (AS 1105.04 .06 and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 1201 C6 During the year the issuer issued warrants that were recorded as equity and engaged a specialist to determine the fair values of these warrants. The firm's approach for substantively testing the fair values of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) evaluate external data the auditor-employed specialist used to develop an independent expectation of one significant assumption and (2) identify that the auditor-employed specialist did not perform any procedures to evaluate certain of the other significant assumptions. (AS 1105.04 .06 and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 1201 C7 During the year the issuer issued warrants that were recorded as equity and engaged a specialist to determine the fair values of these warrants. The firm's approach for substantively testing the fair values of these warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) evaluate external data the auditor-employed specialist used to develop an independent expectation of one significant assumption and (2) identify that the auditor-employed specialist did not perform any procedures to evaluate certain of the other significant assumptions. (AS 1105.04 .06 and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8b During the year the issuer also issued warrants that were recorded as liabilities and engaged a specialist to determine the fair values of these warrants. The firm did not sufficiently evaluate the reasonableness of the significant assumptions used to value these warrants at year end because its procedures were limited to reading a memorandum prepared by the company's specialist and inquiring of management regarding changes in assumptions from the original issuance date. (AS 1105.A8b) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A Q No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm selected for testing a control that consisted of the issuer's review of its assessment of long-lived assets for possible impairment including the underlying cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of excluding certain costs from these cash-flow forecasts. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A Q No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm selected for testing a control that consisted of the issuer's review of its assessment of long-lived assets for possible impairment including the underlying cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of excluding certain costs from these cash-flow forecasts. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A Q No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm selected for testing a control that consisted of the issuer's review of its assessment of long-lived assets for possible impairment including the underlying cash-flow forecasts. The firm did not identify and test any controls over the accuracy of certain data that were used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 30 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 606 related to the disaggregation of revenue. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this error in a subsequent filing by revising the disclosure. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 31 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 606 related to the disaggregation of revenue. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this error in a subsequent filing by revising the disclosure. Annually Inspected 243 BDO USA, P.C. 2022 United States BDO International Limited 2023-11-28T00:00:00 Part I.A S No Financial statement audit only Audits with a single deficiency Inventory 1 AS 1105 10 The firm performed procedures to test the accuracy and completeness of certain system-generated reports that the issuer used to estimate the reserve for excess and obsolete inventory. The extent of these procedures was not sufficient because the firm used the incorrect amount to calculate its samples of items to test from these reports. (AS 1105.10) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 For certain revenue the firm did not identify and evaluate that the issuer's determination that it was acting as an agent was not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 related to how the issuer recognized this revenue. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting and disclosures for this revenue and concluded that material misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K indicating that its previously issued financial statements should not be relied on and corrected these misstatements in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 related to how the issuer recognized this revenue. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting and disclosures for this revenue and concluded that material misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K indicating that its previously issued financial statements should not be relied on and corrected these misstatements in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment 3 AS 2401 67 During the year the issuer invested in an entity. The following deficiency was identified: · The firm did not evaluate whether the business purpose (or lack thereof) of this investment indicated that it may have been entered into to engage in fraudulent financial reporting given certain facts regarding this investment. (AS 2401.67) Unrelated to our review the issuer reevaluated its accounting for this investment and concluded that a material misstatement existed that had not been previously identified. The issuer corrected this misstatement in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment 4 AS 2301 8 During the year the issuer invested in an entity. The following deficiency was identified: · The firm did not evaluate whether the issuer's accounting for this investment was in conformity with certain requirements of GAAP. (AS 2301.08) Unrelated to our review the issuer reevaluated its accounting for this investment and concluded that a material misstatement existed that had not been previously identified. The issuer corrected this misstatement in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment 5 AS 2810 30 During the year the issuer invested in an entity. The following deficiency was identified: · The firm did not identify and evaluate that the issuer's presentation of this investment within the statement of cash flows was not in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for this investment and concluded that a material misstatement existed that had not been previously identified. The issuer corrected this misstatement in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment 5 AS 2810 31 During the year the issuer invested in an entity. The following deficiency was identified: · The firm did not identify and evaluate that the issuer's presentation of this investment within the statement of cash flows was not in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for this investment and concluded that a material misstatement existed that had not been previously identified. The issuer corrected this misstatement in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 6 AS 2301 8 The firm did not perform sufficient procedures to evaluate the issuer's presentation of an investment and certain intangible assets as current assets because it did not evaluate the issuer's intent to consume all or a portion of these assets within one year from the balance sheet date. (AS 2301.08) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment 6 AS 2301 8 The firm did not perform sufficient procedures to evaluate the issuer's presentation of an investment and certain intangible assets as current assets because it did not evaluate the issuer's intent to consume all or a portion of these assets within one year from the balance sheet date. (AS 2301.08) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 7 AS 2810 30 The firm did not identify and evaluate that the method the issuer used to estimate the impairment of certain intangible assets was not in conformity with FASB ASC Topic 350 Intangible Assets Goodwill and Other. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these assets and concluded that material misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K indicating that its previously issued financial statements should not be relied on and corrected these misstatements in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2501 16 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · The firm did not perform procedures beyond inquiry of management to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8b During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement of certain acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1201 C6 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement of certain acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1201 C7 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement of certain acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 A10 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For one of these business combinations the firm did not sufficiently evaluate the relevance and reliability of the company's specialist's work because it did not identify and evaluate inconsistencies between the measurement of or significant assumptions used in the enterprise fair value estimated by the company's specialist compared to both (1) the fair value of the consideration transferred by the issuer and (2) certain significant assumptions developed by the company's specialist. (AS 1105.A9 and .A10) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 A9 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For one of these business combinations the firm did not sufficiently evaluate the relevance and reliability of the company's specialist's work because it did not identify and evaluate inconsistencies between the measurement of or significant assumptions used in the enterprise fair value estimated by the company's specialist compared to both (1) the fair value of the consideration transferred by the issuer and (2) certain significant assumptions developed by the company's specialist. (AS 1105.A9 and .A10) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2301 8 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For one of these business combinations the fair value measurement of acquired customer relationships resulted in a negative balance and the issuer concluded that an associated intangible asset did not exist. The firm did not evaluate whether the negative fair value represented future contract losses and should have been recorded as an assumed liability in conformity with FASB ASC Topic 805 Business Combinations. (AS 2301.08) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A8c The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not identify that the auditor-engaged specialist did not sufficiently evaluate whether the valuation method used by the company's specialist was appropriate under the circumstances because it did not consider the highest and best use of the acquired asset. (AS 1105.A8c; AS 1210.09 and .12) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1210 9 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not identify that the auditor-engaged specialist did not sufficiently evaluate whether the valuation method used by the company's specialist was appropriate under the circumstances because it did not consider the highest and best use of the acquired asset. (AS 1105.A8c; AS 1210.09 and .12) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1210 12 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not identify that the auditor-engaged specialist did not sufficiently evaluate whether the valuation method used by the company's specialist was appropriate under the circumstances because it did not consider the highest and best use of the acquired asset. (AS 1105.A8c; AS 1210.09 and .12) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1105 A8b The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · When testing the issuer's process the firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1210.09 and .12) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1210 9 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · When testing the issuer's process the firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1210.09 and .12) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1210 12 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · When testing the issuer's process the firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist. (AS 1105.A8b; AS 1210.09 and .12) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 1210 9 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not evaluate whether the auditor-engaged specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1210.09 and .12; AS 2501.25) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 1210 12 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not evaluate whether the auditor-engaged specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1210.09 and .12; AS 2501.25) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 2501 25 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not evaluate whether the auditor-engaged specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1210.09 and .12; AS 2501.25) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 1105 4 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not perform any procedures to evaluate the relevance and reliability of certain information used by the auditor-engaged specialist to develop its independent expectation. (AS 1105.04 and .06; AS 1210.09 and .12) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 1105 6 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not perform any procedures to evaluate the relevance and reliability of certain information used by the auditor-engaged specialist to develop its independent expectation. (AS 1105.04 and .06; AS 1210.09 and .12) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 1210 9 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not perform any procedures to evaluate the relevance and reliability of certain information used by the auditor-engaged specialist to develop its independent expectation. (AS 1105.04 and .06; AS 1210.09 and .12) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 1210 12 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not perform any procedures to evaluate the relevance and reliability of certain information used by the auditor-engaged specialist to develop its independent expectation. (AS 1105.04 and .06; AS 1210.09 and .12) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 2810 30 The firm used an auditor-engaged specialist to assist it with testing the fair value of an acquired asset which was determined by the company's specialist. The auditor-engaged specialist's approach consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value as a range. The following deficiency was identified · The firm did not identify and evaluate that the issuer incorrectly recorded the fair value of the acquired asset determined by the company's specialist. (AS 2810.30) In connection with our review the issuer reevaluated its accounting for this asset and determined that an error existed that had not been previously identified. The issuer corrected this error in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets 10 AS 2810 30 The firm did not identify and evaluate that the method the issuer used to estimate the impairment of certain intangible assets was not in conformity with FASB ASC Topic 350. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these assets and concluded that misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K indicating that its previously issued financial statements should not be relied on and corrected these misstatements in a subsequent filing. Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets 11 AS 2810 30 The firm did not identify and evaluate that the issuer's omission of certain disclosures for assets measured at fair value on a nonrecurring basis was not in conformity with FASB ASC Topic 820 Fair Value Measurements. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets 11 AS 2810 31 The firm did not identify and evaluate that the issuer's omission of certain disclosures for assets measured at fair value on a nonrecurring basis was not in conformity with FASB ASC Topic 820 Fair Value Measurements. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets 12 AS 2301 8 The firm did not perform sufficient procedures to evaluate the issuer's presentation of certain intangible assets as current assets because it did not evaluate the issuer's intent to consume all or a portion of these assets within one year from the balance sheet date. (AS 2301.08) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1105 A8b During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For certain acquired assets in these business combinations the firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer including evaluating significant differences between the useful lives assigned to these assets and the cash flow forecast periods used to determine their fair values. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2501 16 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For certain acquired assets in these business combinations the firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer including evaluating significant differences between the useful lives assigned to these assets and the cash flow forecast periods used to determine their fair values. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8b During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For two of these business combinations the firm used an auditor-employed specialist to evaluate another significant assumption developed by the company's specialist and used in the measurement of these acquired assets. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1201 C6 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For two of these business combinations the firm used an auditor-employed specialist to evaluate another significant assumption developed by the company's specialist and used in the measurement of these acquired assets. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1201 C7 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For two of these business combinations the firm used an auditor-employed specialist to evaluate another significant assumption developed by the company's specialist and used in the measurement of these acquired assets. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 A8b During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For one of these business combinations the firm used an auditor-engaged specialist to assist it with testing the fair value of another acquired asset which was determined by the company's specialist. The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the reasonableness of the significant assumptions developed by the company's specialist. (AS 1105.A8b; AS 1210.09 and .12) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1210 9 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For one of these business combinations the firm used an auditor-engaged specialist to assist it with testing the fair value of another acquired asset which was determined by the company's specialist. The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the reasonableness of the significant assumptions developed by the company's specialist. (AS 1105.A8b; AS 1210.09 and .12) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1210 12 During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For one of these business combinations the firm used an auditor-engaged specialist to assist it with testing the fair value of another acquired asset which was determined by the company's specialist. The firm did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the reasonableness of the significant assumptions developed by the company's specialist. (AS 1105.A8b; AS 1210.09 and .12) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1105 A8a During the year the issuer acquired multiple businesses and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For one of these business combinations the firm used an auditor-engaged specialist to assist it with testing the fair value of another acquired asset which was determined by the company's specialist. The firm did not perform any procedures to evaluate the relevance and reliability of certain information used by the company's specialist in determining the fair value of this asset. (AS 1105.A8a) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 2501 7 For certain business combinations the firm did not perform any procedures to test the fair values of certain other acquired assets. (AS 2501.07) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 2301 8 For two business combinations the firm did not perform any procedures to test the existence of certain of these assets upon acquisition. (AS 2301.08) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 7 AS 2501 16 For two business combinations the firm's approach for substantively testing the fair values of the provisions for contingent consideration to be paid to the sellers was to develop independent expectations of the estimates using an auditor-employed specialist. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer which were also used by the firm to develop its independent expectations. (AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 8 AS 2810 13 For two business combinations the firm's approach for substantively testing the fair values of the provisions for contingent consideration to be paid to the sellers was to develop independent expectations of the estimates using an auditor-employed specialist. The following deficiency was identified: · For one of these business combinations the firm did not evaluate a significant difference between the firm's independent expectation and the issuer's recorded contingent consideration. (AS 2810.13) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 1105 A8b For two business combinations the firm's approach for substantively testing the fair values of the provisions for contingent consideration to be paid to the sellers was to develop independent expectations of the estimates using an auditor-employed specialist. The following deficiency was identified: · For the other business combination the firm used the auditor-employed specialist to evaluate a significant assumption developed by the company's specialist which was also used by the firm to develop its independent expectation. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 1201 C6 For two business combinations the firm's approach for substantively testing the fair values of the provisions for contingent consideration to be paid to the sellers was to develop independent expectations of the estimates using an auditor-employed specialist. The following deficiency was identified: · For the other business combination the firm used the auditor-employed specialist to evaluate a significant assumption developed by the company's specialist which was also used by the firm to develop its independent expectation. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 9 AS 1201 C7 For two business combinations the firm's approach for substantively testing the fair values of the provisions for contingent consideration to be paid to the sellers was to develop independent expectations of the estimates using an auditor-employed specialist. The following deficiency was identified: · For the other business combination the firm used the auditor-employed specialist to evaluate a significant assumption developed by the company's specialist which was also used by the firm to develop its independent expectation. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 10 AS 2810 30 For certain business combinations the firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 and FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 10 AS 2810 31 For certain business combinations the firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 and FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For two types of revenue the firm did not evaluate whether the issuer was acting as a principal or as an agent. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For two types of revenue the firm did not evaluate whether the issuer was acting as a principal or as an agent. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For one of these types of revenue and another type the issuer recognized revenue based on electronic activity. The firm used activity information produced by certain of the issuer's service organizations in its substantive testing of this revenue but did not perform any procedures to test the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For one of these types of revenue and another type the issuer recognized revenue based on electronic activity. The firm used activity information produced by certain of the issuer's service organizations in its substantive testing of this revenue but did not perform any procedures to test the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Going Concern 3 AS 1105 4 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated by management's plans. The firm did not sufficiently test the reliability of the issuer's operating forecast that the firm used in its evaluation of management's plans. The firm compared the forecast to the issuer's results for the two months subsequent to year end and an issuer-prepared sensitivity analysis but did not evaluate the significant differences it identified. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Going Concern 3 AS 1105 6 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated by management's plans. The firm did not sufficiently test the reliability of the issuer's operating forecast that the firm used in its evaluation of management's plans. The firm compared the forecast to the issuer's results for the two months subsequent to year end and an issuer-prepared sensitivity analysis but did not evaluate the significant differences it identified. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Going Concern 3 AS 2415 3 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated by management's plans. The firm did not sufficiently test the reliability of the issuer's operating forecast that the firm used in its evaluation of management's plans. The firm compared the forecast to the issuer's results for the two months subsequent to year end and an issuer-prepared sensitivity analysis but did not evaluate the significant differences it identified. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Going Concern 3 AS 2415 8 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated by management's plans. The firm did not sufficiently test the reliability of the issuer's operating forecast that the firm used in its evaluation of management's plans. The firm compared the forecast to the issuer's results for the two months subsequent to year end and an issuer-prepared sensitivity analysis but did not evaluate the significant differences it identified. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Going Concern 3 AS 2415 9 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated by management's plans. The firm did not sufficiently test the reliability of the issuer's operating forecast that the firm used in its evaluation of management's plans. The firm compared the forecast to the issuer's results for the two months subsequent to year end and an issuer-prepared sensitivity analysis but did not evaluate the significant differences it identified. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Stock-Based Compensation 4 AS 2501 16 During the year the issuer granted stock options to certain employees. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions the issuer used to estimate the fair value of these stock options. (AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For one type of revenue the firm did not perform any substantive procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For one type of revenue the firm did not perform any substantive procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 For this same type of revenue the firm did not identify and evaluate misstatements related to contract assets under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 31 For this same type of revenue the firm did not identify and evaluate misstatements related to contract assets under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 19 For another type of revenue the firm selected for testing an automated control over the initiation processing and recording of revenue transactions in order to rely on the accuracy and completeness of certain issuer-produced information that the firm used in its substantive testing. The firm did not sufficiently test the configuration of this control as it limited its testing to only certain scenarios without addressing the risks of material misstatement associated with the untested scenarios. (AS 2301.19 and .21) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 21 For another type of revenue the firm selected for testing an automated control over the initiation processing and recording of revenue transactions in order to rely on the accuracy and completeness of certain issuer-produced information that the firm used in its substantive testing. The firm did not sufficiently test the configuration of this control as it limited its testing to only certain scenarios without addressing the risks of material misstatement associated with the untested scenarios. (AS 2301.19 and .21) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2501 7 During the year the issuer acquired several businesses. For one business combination the following deficiency was identified: · The firm did not perform any procedures to test the fair value of assets acquired and liabilities assumed. (AS 2501.07) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations 5 AS 2301 8 During the year the issuer acquired several businesses. For one business combination the following deficiency was identified: · The firm did not perform procedures to (1) evaluate the issuer's accounting for certain warrants issued in connection with the acquisition as equity; (2) test beyond recalculation the conversion ratio of equity instruments of the acquired company to equity instruments of the acquiror; and (3) test transaction costs incurred. (AS 2301.08) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations 6 AS 2810 30 For two business combinations the firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 820 related to certain assets acquired and a liability assumed. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations 6 AS 2810 31 For two business combinations the firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 820 related to certain assets acquired and a liability assumed. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 1105 4 The issuer recorded certain revenue based on information provided by its customers. In the firm's substantive testing of this revenue the firm used this information but did not evaluate its reliability. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 1105 6 The issuer recorded certain revenue based on information provided by its customers. In the firm's substantive testing of this revenue the firm used this information but did not evaluate its reliability. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset 2 AS 1105 10 The issuer capitalized certain labor costs associated with the development of an asset. The firm used labor hours in its substantive testing of this asset but did not perform any procedures to test or test any controls over the accuracy and completeness of these labor hours. (AS 1105.10) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not identify and evaluate the issuer's (1) misstatement in and (2) omission of certain disclosures related to the disaggregation of revenue that are required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 31 The firm did not identify and evaluate the issuer's (1) misstatement in and (2) omission of certain disclosures related to the disaggregation of revenue that are required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 10 The firm used reports produced by the issuer in its substantive procedures to test (1) the reserve for excess and obsolete inventory and (2) whether finished goods inventory was recorded at the lower of cost or net realizable value. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of these reports. (AS 1105.10) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of acquired intangible assets using various significant assumptions. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of acquired intangible assets using various significant assumptions. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1201 C6 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of acquired intangible assets using various significant assumptions. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1201 C7 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of acquired intangible assets using various significant assumptions. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 2301 8 The firm did not evaluate whether in conformity with FASB ASC Topic 805 a separately identifiable intangible asset existed related to the retail customer base of the acquired business. (AS 2301.08) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1105 4 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the issuer because it did not (1) evaluate the relevance and reliability of certain market information it used and (2) take into account whether these assumptions were consistent with the issuer's intent and ability to carry out its plans. (AS 1105.04 and .06; AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1105 6 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the issuer because it did not (1) evaluate the relevance and reliability of certain market information it used and (2) take into account whether these assumptions were consistent with the issuer's intent and ability to carry out its plans. (AS 1105.04 and .06; AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the issuer because it did not (1) evaluate the relevance and reliability of certain market information it used and (2) take into account whether these assumptions were consistent with the issuer's intent and ability to carry out its plans. (AS 1105.04 and .06; AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2501 17 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the issuer because it did not (1) evaluate the relevance and reliability of certain market information it used and (2) take into account whether these assumptions were consistent with the issuer's intent and ability to carry out its plans. (AS 1105.04 and .06; AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to evaluate the reasonableness of certain other significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105. A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to evaluate the reasonableness of certain other significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105. A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 2301 8 The firm did not evaluate whether in conformity with FASB ASC Topic 805 separately identifiable intangible assets existed related to the existing customer base and trade names of the acquired business. (AS 2301.08) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 and FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 and FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the issuer because it did not evaluate a significant difference between this assumption and the issuer's recent experience. (AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1201 C6 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1201 C7 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate this assumption. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions. The following deficiency was identified: · The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain other significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions. The following deficiency was identified: · The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain other significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 and FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 and FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · For certain acquired intangible assets the firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A10 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain acquired assets the firm used the company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of the company's specialist. (AS 1105.A6-.A10; AS 2501.07) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A6 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain acquired assets the firm used the company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of the company's specialist. (AS 1105.A6-.A10; AS 2501.07) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A7 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain acquired assets the firm used the company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of the company's specialist. (AS 1105.A6-.A10; AS 2501.07) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A8 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain acquired assets the firm used the company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of the company's specialist. (AS 1105.A6-.A10; AS 2501.07) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A9 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain acquired assets the firm used the company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of the company's specialist. (AS 1105.A6-.A10; AS 2501.07) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2501 7 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiency was identified: · In its testing of the fair values of certain acquired assets the firm used the company's specialist's valuation report as audit evidence without performing procedures to evaluate the work of the company's specialist. (AS 1105.A6-.A10; AS 2501.07) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2301 8 The firm did not perform procedures to test certain other assets acquired and liabilities assumed beyond tracing these amounts to the general ledger of the acquired business. (AS 2301.08; AS 2501.07) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2501 7 The firm did not perform procedures to test certain other assets acquired and liabilities assumed beyond tracing these amounts to the general ledger of the acquired business. (AS 2301.08; AS 2501.07) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2810 30 The firm did not identify and evaluate the issuer's (1) omission of and (2) misstatements in certain disclosures required under FASB ASC Topic 805 and/or FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2810 31 The firm did not identify and evaluate the issuer's (1) omission of and (2) misstatements in certain disclosures required under FASB ASC Topic 805 and/or FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the issuer because it did not (1) take into account the issuer's intent and ability to carry out these assumptions (2) take into account changes in conditions or events affecting the issuer and/or (3) evaluate significant differences between the assumptions and the issuer's historical financial information. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2501 17 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the issuer because it did not (1) take into account the issuer's intent and ability to carry out these assumptions (2) take into account changes in conditions or events affecting the issuer and/or (3) evaluate significant differences between the assumptions and the issuer's historical financial information. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain other significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain other significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 1105 10 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not test the accuracy and completeness of historical financial information produced by the issuer that (1) the firm used in evaluating the reasonableness of certain of these assumptions developed by the issuer and (2) was used by the company's specialist to develop another of these assumptions. (AS 1105.10 and .A8a) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of an acquired intangible asset using various significant assumptions. The following deficiency was identified: · The firm did not test the accuracy and completeness of historical financial information produced by the issuer that (1) the firm used in evaluating the reasonableness of certain of these assumptions developed by the issuer and (2) was used by the company's specialist to develop another of these assumptions. (AS 1105.10 and .A8a) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 8 The issuer recognized certain revenue based on electronic activity. The firm used activity information produced by certain of the issuer's service organizations in its substantive testing of this revenue but did not perform any procedures to test the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 13 The issuer recognized certain revenue based on electronic activity. The firm used activity information produced by certain of the issuer's service organizations in its substantive testing of this revenue but did not perform any procedures to test the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A N No Financial statement audit only Audits with a single deficiency Intangible Assets 1 AS 2501 16 The issuer evaluated its intangible assets for possible impairment using various significant assumptions it developed based on the issuer's planned course of action. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not (1) evaluate whether the issuer had a reasonable basis for these assumptions and (2) take into account changes in conditions or events affecting the issuer. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for these assumptions but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's recent experience. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2022 United States 2023-11-28T00:00:00 Part I.A N No Financial statement audit only Audits with a single deficiency Intangible Assets 1 AS 2501 17 The issuer evaluated its intangible assets for possible impairment using various significant assumptions it developed based on the issuer's planned course of action. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not (1) evaluate whether the issuer had a reasonable basis for these assumptions and (2) take into account changes in conditions or events affecting the issuer. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for these assumptions but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's recent experience. (AS 2501.16 and .17) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 1 AS 2501 16 The issuer determined the qualitative component of the ALL by applying basis points to each qualitative factor. The firm's approach for substantively testing the qualitative component was to test the issuer's process and develop an independent expectation. The following deficiencies were identified: · The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions related to the basis points used. (AS 2501.16) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 2 AS 1105 4 The issuer determined the qualitative component of the ALL by applying basis points to each qualitative factor. The firm's approach for substantively testing the qualitative component was to test the issuer's process and develop an independent expectation. The following deficiencies were identified: · The firm did not evaluate the relevance of external information it used to develop its independent expectation. (AS 1105.04 and .06) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 2 AS 1105 6 The issuer determined the qualitative component of the ALL by applying basis points to each qualitative factor. The firm's approach for substantively testing the qualitative component was to test the issuer's process and develop an independent expectation. The following deficiencies were identified: · The firm did not evaluate the relevance of external information it used to develop its independent expectation. (AS 1105.04 and .06) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 3 AS 2501 22 The issuer determined the qualitative component of the ALL by applying basis points to each qualitative factor. The firm's approach for substantively testing the qualitative component was to test the issuer's process and develop an independent expectation. The following deficiencies were identified: · The firm did not perform procedures to demonstrate it had a reasonable basis for the assumptions it used to develop its independent expectation. (AS 2501.22) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 4 AS 2501 25 The issuer determined the qualitative component of the ALL by applying basis points to each qualitative factor. The firm's approach for substantively testing the qualitative component was to test the issuer's process and develop an independent expectation. The following deficiencies were identified: · The firm did not perform any procedures to demonstrate that the range it used for its independent expectation encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 2501.25) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 5 AS 2501 16 The issuer also reported an unallocated component of the ALL. The firm did not evaluate the reasonableness of the significant assumptions the issuer used to develop this component. (AS 2501.16) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Loans 6 AS 2315 19 The firm used confirmations to test the existence of loans. The sample size did not provide sufficient appropriate audit evidence because it was based on a level of reliance on other substantive procedures that was not supported given the nature and scope of those other substantive procedures. (AS 2315.19 .23 and .23A) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Loans 6 AS 2315 23 The firm used confirmations to test the existence of loans. The sample size did not provide sufficient appropriate audit evidence because it was based on a level of reliance on other substantive procedures that was not supported given the nature and scope of those other substantive procedures. (AS 2315.19 .23 and .23A) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Loans 6 AS 2315 23A The firm used confirmations to test the existence of loans. The sample size did not provide sufficient appropriate audit evidence because it was based on a level of reliance on other substantive procedures that was not supported given the nature and scope of those other substantive procedures. (AS 2315.19 .23 and .23A) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Loans 7 AS 2310 20 The firm used negative confirmations to substantively test the existence of certain types of loans. The firm's use of negative confirmations did not reduce audit risk to an acceptable level because the population of such loans was not comprised of a large number of small balances. (AS 2310.20) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain data it used in substantively testing revenue. (AS 1105.10) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 2 AS 2301 8 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not evaluate how the issuer considered contrary evidence included in the firm's work papers in reaching its conclusion in the qualitative assessment. (AS 2301.08; AS 2810.03) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 2 AS 2810 3 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not evaluate how the issuer considered contrary evidence included in the firm's work papers in reaching its conclusion in the qualitative assessment. (AS 2301.08; AS 2810.03) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 3 AS 1105 4 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not evaluate the reliability of information from an external source that the issuer used in the qualitative assessment. (AS 1105.04 and .06) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 3 AS 1105 6 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not evaluate the reliability of information from an external source that the issuer used in the qualitative assessment. (AS 1105.04 and .06) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 1105 A1 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 1105 A10 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 1105 A2 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 1105 A3 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 1105 A4 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 1105 A5 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 1105 A6 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 1105 A7 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 1105 A8 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 1105 A9 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 4 AS 2501 7 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The issuer prepared a qualitative assessment of impairment of the investee and the related new entity. As part of the qualitative assessment the issuer engaged a valuation specialist to calculate the values of the investment and related new entity. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the company's specialist report to test the valuation of the investment and related new entity. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 5 AS 1105 B4 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The following deficiency was identified related to the firm's testing of the investment and the related new entity: · The issuer reported the valuation of the investee and new entity based on investee financial results including unaudited financial statements. The firm did not evaluate whether the differences between the issuer's carrying amount of its investment in the investee and new entity and the issuer's underlying equity in the net assets of the investee and the new entity were in conformity with FASB ASC Topic 323 Investments-Equity Method and Joint Ventures. (AS 1105.B4) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 6 AS 2410 17 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The following deficiency was identified related to the firm's testing of the investment and the related new entity: · The firm did not identify and evaluate departures from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 323 and FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 6 AS 2810 30 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The following deficiency was identified related to the firm's testing of the investment and the related new entity: · The firm did not identify and evaluate departures from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 323 and FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 6 AS 2810 31 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The following deficiency was identified related to the firm's testing of the investment and the related new entity: · The firm did not identify and evaluate departures from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 323 and FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 281 Nichols, Cauley & Associates, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Method Investments 7 AS 2401 67 The issuer held equity-method investments with various investees. During the year the majority shareholder of one of the investees created a new entity in which the issuer also acquired a percentage of ownership. The following deficiency was identified related to the firm's testing of the investment and the related new entity: · The firm did not evaluate the business purpose (or lack thereof) of the transaction to create the new entity including whether it may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets given certain facts regarding the transaction. (AS 2401.67) Triennially Inspected 400 Hacker, Johnson & Smith PA 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2501 7 The issuer reported investment securities. The firm sent a confirmation to the trustee and the response was returned by email. The following deficiencies were identified: · The firm did not perform any procedures to test the fair value of investment securities. (AS 2501.07) Triennially Inspected 400 Hacker, Johnson & Smith PA 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 2 AS 2301 8 The issuer reported investment securities. The firm sent a confirmation to the trustee and the response was returned by email. The following deficiencies were identified: · The firm did not evaluate whether the issuer's presentation of investment securities was in conformity with GAAP including consideration of contrary evidence included in the firm's work papers. (AS 2301.08; AS 2810.03) Triennially Inspected 400 Hacker, Johnson & Smith PA 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 2 AS 2810 3 The issuer reported investment securities. The firm sent a confirmation to the trustee and the response was returned by email. The following deficiencies were identified: · The firm did not evaluate whether the issuer's presentation of investment securities was in conformity with GAAP including consideration of contrary evidence included in the firm's work papers. (AS 2301.08; AS 2810.03) Triennially Inspected 400 Hacker, Johnson & Smith PA 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 3 AS 2810 30 The issuer reported investment securities. The firm sent a confirmation to the trustee and the response was returned by email. The following deficiencies were identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's omission of certain required disclosures related to these securities. (AS 2810.30 and .31) Triennially Inspected 400 Hacker, Johnson & Smith PA 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 3 AS 2810 31 The issuer reported investment securities. The firm sent a confirmation to the trustee and the response was returned by email. The following deficiencies were identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's omission of certain required disclosures related to these securities. (AS 2810.30 and .31) Triennially Inspected 400 Hacker, Johnson & Smith PA 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 4 AS 2310 29 The issuer reported investment securities. The firm sent a confirmation to the trustee and the response was returned by email. The following deficiencies were identified: · The firm did not consider performing procedures to address the risks associated with the electronic response received from the trustee such as verifying the source and contents of the confirmation response. (AS 2310.29) Triennially Inspected 400 Hacker, Johnson & Smith PA 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 5 AS 1105 A8b The issuer engaged an external specialist to determine the fair value of certain liabilities. The firm did not perform procedures to evaluate the reasonableness of a significant assumption developed and used by the company's specialist. (AS 1105.A8b) Triennially Inspected 400 Hacker, Johnson & Smith PA 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 447 Castaing, Hussey & Lolan, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 1 AS 2501 16 The issuer calculated the qualitative component of the allowance for loan losses by applying basis points to each qualitative factor. The firm's approach for substantively testing the qualitative component was to test the issuer's process. The firm did not evaluate the reasonableness of significant assumptions used by the issuer to develop this component. (AS 2501.16) Triennially Inspected 669 Mauldin & Jenkins, LLC 2023 United States 2023-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm did not evaluate the reasonableness of certain significant assumptions used by the issuer to develop the qualitative component of the allowance for loan losses. (AS 2501.16) Triennially Inspected 1025 KPMG Inc 2023 South Africa KPMG International Cooperative 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 39 The issuer engaged external engineering consultants (“company's specialists”) to review and evaluate the mineral reserves and resources estimates prepared by management which were then used in the development of a life-of-mine (LOM) plan for each site. The company's specialists evaluated the estimated mineral reserves and resources using various methods which included the use of financial and non-financial information data and assumptions that were provided by or obtained from the issuer other specialists and/or external sources. The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the evaluation of the LOM plans and reserves estimates by the company's specialists which were then used in the issuer's depreciation expense calculations the following deficiencies were identified: · The firm did not identify and test any controls over the (1) accuracy and completeness of the non-financial data prepared by the issuer (2) relevance and reliability of the non-financial information obtained by the company's specialists (3) reasonableness of the non-financial assumptions and (4) appropriateness of the methods used by the company's specialists. (AS 2201.39) Triennially Inspected 1025 KPMG Inc 2023 South Africa KPMG International Cooperative 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 1105 A8a The issuer engaged external engineering consultants (“company's specialists”) to review and evaluate the mineral reserves and resources estimates prepared by management which were then used in the development of a life-of-mine (LOM) plan for each site. The company's specialists evaluated the estimated mineral reserves and resources using various methods which included the use of financial and non-financial information data and assumptions that were provided by or obtained from the issuer other specialists and/or external sources. The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the evaluation of the LOM plans and reserves estimates by the company's specialists which were then used in the issuer's depreciation expense calculations the following deficiencies were identified: · The firm did not perform any procedures to test the accuracy and completeness of the non-financial data prepared by the Issuer and evaluate the relevance and reliability of the non-financial information obtained and used by the company's specialists. (AS 1105.A8a) Triennially Inspected 1025 KPMG Inc 2023 South Africa KPMG International Cooperative 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 1105 A8b The issuer engaged external engineering consultants (“company's specialists”) to review and evaluate the mineral reserves and resources estimates prepared by management which were then used in the development of a life-of-mine (LOM) plan for each site. The company's specialists evaluated the estimated mineral reserves and resources using various methods which included the use of financial and non-financial information data and assumptions that were provided by or obtained from the issuer other specialists and/or external sources. The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the evaluation of the LOM plans and reserves estimates by the company's specialists which were then used in the issuer's depreciation expense calculations the following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of significant assumptions used by the company's specialists. (AS 2501.16; AS 1105.A8b) Triennially Inspected 1025 KPMG Inc 2023 South Africa KPMG International Cooperative 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2501 16 The issuer engaged external engineering consultants (“company's specialists”) to review and evaluate the mineral reserves and resources estimates prepared by management which were then used in the development of a life-of-mine (LOM) plan for each site. The company's specialists evaluated the estimated mineral reserves and resources using various methods which included the use of financial and non-financial information data and assumptions that were provided by or obtained from the issuer other specialists and/or external sources. The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the evaluation of the LOM plans and reserves estimates by the company's specialists which were then used in the issuer's depreciation expense calculations the following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of significant assumptions used by the company's specialists. (AS 2501.16; AS 1105.A8b) Triennially Inspected 1025 KPMG Inc 2023 South Africa KPMG International Cooperative 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 1105 A8c The issuer engaged external engineering consultants (“company's specialists”) to review and evaluate the mineral reserves and resources estimates prepared by management which were then used in the development of a life-of-mine (LOM) plan for each site. The company's specialists evaluated the estimated mineral reserves and resources using various methods which included the use of financial and non-financial information data and assumptions that were provided by or obtained from the issuer other specialists and/or external sources. The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the evaluation of the LOM plans and reserves estimates by the company's specialists which were then used in the issuer's depreciation expense calculations the following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the methods used by the company's specialists were appropriate under the circumstances. (AS 1105.A8c) Triennially Inspected 3083 ASA & Associates LLP 2023 India 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used certain data to recognize certain revenue. The firm did not identify and test controls over the accuracy and completeness of this data. (AS 2201.39) Triennially Inspected 3083 ASA & Associates LLP 2023 India 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used certain data to recognize certain revenue. The firm used this data to substantively test certain revenue. The firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of this data as discussed above. (AS 1105.10) Triennially Inspected 3083 ASA & Associates LLP 2023 India 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash and Cash Equivalents 3 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control that consisted of the issuer's review of bank reconciliations. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 3083 ASA & Associates LLP 2023 India 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash and Cash Equivalents 3 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control that consisted of the issuer's review of bank reconciliations. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 46 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). With respect to change management: The firm selected for testing a change management control over certain IT systems that consisted of the recording of non-emergency changes in the issuer's ticketing system and the review and approval of such changes. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). With respect to developer access: The firm did not identify and test any controls over the ability of developers to develop and migrate changes to the production environment for certain IT systems. (AS 2201.39) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). With respect to the firm's testing of other controls including automated and IT-dependent manual controls over the recognition of certain revenue which were affected by the audit deficiencies related to change management and developer access the following additional deficiencies were identified: · For certain controls the firm did not identify and test any controls over the accuracy and completeness of data and reports generated by various IT systems that the control owners used in the operation of the controls. (AS 2201.39) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). With respect to the firm's testing of other controls including automated and IT-dependent manual controls over the recognition of certain revenue which were affected by the audit deficiencies related to change management and developer access the following additional deficiencies were identified: · For certain controls the firm did not perform procedures to test or test any controls over the completeness of the populations from which it made its selections for testing. (AS 1105.10) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 6 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). With respect to the firm's testing of other controls including automated and IT-dependent manual controls over the recognition of certain revenue which were affected by the audit deficiencies related to change management and developer access the following additional deficiencies were identified: · For certain controls the firm did not test controls over the completeness of data and reports generated by various IT systems that were used in the operation of the controls beyond comparing information from these reports to data from the same reports and/or reviewing emails retained by the control owners. (AS 2201.42 and .44) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 6 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). With respect to the firm's testing of other controls including automated and IT-dependent manual controls over the recognition of certain revenue which were affected by the audit deficiencies related to change management and developer access the following additional deficiencies were identified: · For certain controls the firm did not test controls over the completeness of data and reports generated by various IT systems that were used in the operation of the controls beyond comparing information from these reports to data from the same reports and/or reviewing emails retained by the control owners. (AS 2201.42 and .44) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 7 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm used system-generated data to substantively test certain revenue but did not test or sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. The firm did not perform procedures beyond inquiry of management to evaluate the reasonableness of the significant assumptions used by the issuer to evaluate long-lived assets for impairment. (AS 2501.16) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 9 AS 2401 61 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm identified manual journal entries that met certain fraud criteria. The firm did not select any of the manual journal entries and other adjustments for testing that met the identified fraud criteria. (AS 2401.61) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2301 8 The firm did not perform sufficient substantive procedures to test the existence of accounts receivable because for certain receivables selected for testing the firm limited its procedures to comparing the customer's name date and amount of the receivable to the corresponding tax invoice which was based on sales data provided by the component. (AS 2301.08) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2310 34 The firm did not request the confirmation of accounts receivable or document how it overcame the presumption to perform confirmation procedures. (AS 2310.34 and .35) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2310 35 The firm did not request the confirmation of accounts receivable or document how it overcame the presumption to perform confirmation procedures. (AS 2310.34 and .35) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2510 9 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm's observation procedures at the selected locations were not suitable because the firm did not perform any substantive procedures to (1) investigate certain variances identified between the firm's test counts and the component's inventory records; (2) compare certain quantities of inventory measured by the firm to the component's inventory records; and (3) test inventory cut-off at one location. Therefore these observations did not provide sufficient evidence of the quantity of inventory at these locations. (AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 A1 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 A10 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 A2 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 A3 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 A4 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 A5 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 A6 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 A7 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 A8 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 A9 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2510 9 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform substantive procedures to test the density and volume conversion factors used to determine the inventory quantity for certain items selected for testing beyond obtaining the factors from the company's specialists. Further the firm did not perform any procedures to use the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2510.09) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2315 16 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The test intervening transactions between the dates of its observation procedures and year-end the firm selected a sample of transactions related to the purchase and sale of inventory which represented approximately 86% and 28% of total inflows and outflows respectively of the total inventory movement. The samples the firm used to test the inventory movement did not provide sufficient appropriate audit evidence because in planning the samples the firm did not consider the characteristics of the entire population of inventory inflows and outflows and how differences in those characteristics would affect the determination of the number of separate inflow and outflow samples. (AS 2315.16 .23 and .23A) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2315 23 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The test intervening transactions between the dates of its observation procedures and year-end the firm selected a sample of transactions related to the purchase and sale of inventory which represented approximately 86% and 28% of total inflows and outflows respectively of the total inventory movement. The samples the firm used to test the inventory movement did not provide sufficient appropriate audit evidence because in planning the samples the firm did not consider the characteristics of the entire population of inventory inflows and outflows and how differences in those characteristics would affect the determination of the number of separate inflow and outflow samples. (AS 2315.16 .23 and .23A) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2315 23A The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The test intervening transactions between the dates of its observation procedures and year-end the firm selected a sample of transactions related to the purchase and sale of inventory which represented approximately 86% and 28% of total inflows and outflows respectively of the total inventory movement. The samples the firm used to test the inventory movement did not provide sufficient appropriate audit evidence because in planning the samples the firm did not consider the characteristics of the entire population of inventory inflows and outflows and how differences in those characteristics would affect the determination of the number of separate inflow and outflow samples. (AS 2315.16 .23 and .23A) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2510 12 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to test the intervening transactions it selected for testing because the firm's procedures were limited to agreeing certain information related to the transactions to data provided by the component. (AS 2510.12) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 2510 12 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform any procedures to reconcile the quantities of certain inventory items counted at one location to the quantities of those items in the inventory schedule used to roll the results of the firm's observation procedures forward to year-end. (AS 2510.12) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 8 AS 2510 14 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the existence of inventory held at a third-party warehouse. (AS 2510.14) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 9 AS 2301 8 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the cost of raw materials inventory. (AS 2301.08) Triennially Inspected 5485 BDO RCS Auditores Independentes Sociedade Simples Ltda. 2022 Brazil BDO International Limited 2023-11-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Inventory 10 AS 1105 10 The component relied on a specialist that it employed for the measurement of the density of certain inventory and engaged an external specialist to assist in the measurement of the stock volume of certain inventory which were used to calculate the inventory quantity. To test the existence of inventory the firm observed the component's physical inventory counts at select locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using a system-generated report provided by the component. To test the valuation of inventory the firm used certain other system generated reports provided by the component. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the completeness and/or accuracy of certain data or reports used in its substantive testing of inventory. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 42 The issuer recognized revenue from a customer contract over time based on costs incurred to date relative to total estimated costs to complete the contract. The issuer used forecasted labor hours in determining the estimated costs to complete the contract. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of the forecasted labor hours. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the total forecasted labor hours. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 44 The issuer recognized revenue from a customer contract over time based on costs incurred to date relative to total estimated costs to complete the contract. The issuer used forecasted labor hours in determining the estimated costs to complete the contract. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of the forecasted labor hours. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the total forecasted labor hours. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2501 7 The issuer recognized revenue from a customer contract over time based on costs incurred to date relative to total estimated costs to complete the contract. The issuer used forecasted labor hours in determining the estimated costs to complete the contract. The following deficiencies were identified: · The firm did not sufficiently test the estimated costs to complete the contract because it did not perform any substantive procedures beyond inquiring of issuer personnel to test the total forecasted labor hours. (AS 2501.07) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The issuer performed cycle counts of certain inventory held at various locations. The firm selected for testing a control that included the issuer's reviews of the cycle-count results. The firm did not identify and test any controls over the accuracy and completeness of certain reports that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2510 11 Due to the deficiency discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 39 The firm did not identify and test any controls over the capitalization of interest costs associated with the construction of certain long-lived assets. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over the capitalization of these interest costs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 The firm did not perform any substantive procedures to test the capitalization of interest costs associated with the construction of certain long-lived assets. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets and Depreciation Expense 1 AS 2201 39 The firm did not identify and test any controls over long-lived assets and depreciation expense. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets and Depreciation Expense 2 AS 2301 8 The firm did not perform any substantive procedures to test long-lived assets and depreciation expense. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 1 AS 2201 39 The issuer held investments in multiple entities and determined that certain of these were variable interest entities (VIEs). The following deficiencies were identified: · The firm did not identify and test any controls related to the issuer's evaluation of whether these VIEs should be consolidated. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 2301 8 The issuer held investments in multiple entities and determined that certain of these were variable interest entities (VIEs). The following deficiencies were identified: · The firm did not perform any substantive procedures beyond reading certain agreements and inquiring of management to evaluate whether these VIEs should be consolidated. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 39 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable and performed an impairment analysis. The following deficiencies were identified: · The firm did not identify and test any controls related to the issuer's evaluation of long-lived assets for possible impairment. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable and performed an impairment analysis. The following deficiencies were identified: · The firm did not perform any substantive procedures to test long-lived assets for possible impairment. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2305 16 The firm's substantive procedures to test certain other revenue consisted of performing substantive analytical procedures. The firm did not accurately calculate its expected revenue and the recorded revenue amounts used in these analytical procedures. Further the threshold that the firm established to investigate differences was too high to identify misstatements that could be material either individually or in the aggregate. (AS 2305.16 and .20) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2305 20 The firm's substantive procedures to test certain other revenue consisted of performing substantive analytical procedures. The firm did not accurately calculate its expected revenue and the recorded revenue amounts used in these analytical procedures. Further the threshold that the firm established to investigate differences was too high to identify misstatements that could be material either individually or in the aggregate. (AS 2305.16 and .20) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of the underlying data. The firm did not sufficiently test the accuracy of the underlying data because the firm did not (1) identify and test any controls or (2) inspect any supporting documentation or perform other procedures to evaluate the appropriateness of the data. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2022 United States Deloitte Touche Tohmatsu Limited 2023-11-07T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Significant Transaction 1 AS 2501 16 During the year the issuer entered into a significant transaction. In connection with this transaction the issuer terminated a previous arrangement and as a result recognized a loss. The firm did not evaluate the reasonableness of a significant assumption the issuer used to estimate the loss that it recognized. (AS 2501.16) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 42 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth and improved gross margins. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the significant assumptions it used to determine the fair value of this asset. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the revenue growth rate and gross margin assumptions. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 44 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth and improved gross margins. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the significant assumptions it used to determine the fair value of this asset. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the revenue growth rate and gross margin assumptions. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth and improved gross margins. The following deficiencies were identified: · With respect to both the revenue growth rate and gross margin assumptions the firm did not sufficiently evaluate whether these assumptions were consistent with certain information including certain industry factors or the issuer's historical and recent experience because it did not evaluate the significant differences between these assumptions and that information. Further the firm did not take into account the issuer's ability to achieve the forecasted revenue growth and gross margins. (AS 2501.16 and .17) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 17 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth and improved gross margins. The following deficiencies were identified: · With respect to both the revenue growth rate and gross margin assumptions the firm did not sufficiently evaluate whether these assumptions were consistent with certain information including certain industry factors or the issuer's historical and recent experience because it did not evaluate the significant differences between these assumptions and that information. Further the firm did not take into account the issuer's ability to achieve the forecasted revenue growth and gross margins. (AS 2501.16 and .17) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1105 10 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth and improved gross margins. The following deficiencies were identified: · With respect to the revenue growth rate assumptions the firm used information produced by the issuer and information from external sources including industry data and growth rates for comparable companies to evaluate the reasonableness of these assumptions. The firm did not perform any procedures to test or in the alternative test any controls over the accuracy and completeness of certain information produced by the issuer. (AS 1105.10) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1105 4 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth and improved gross margins. The following deficiencies were identified: · With respect to the revenue growth rate assumptions the firm used information produced by the issuer and information from external sources including industry data and growth rates for comparable companies to evaluate the reasonableness of these assumptions. The firm did not evaluate the relevance and reliability of certain industry data and the relevance of the growth rates for the comparable companies. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1105 6 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth and improved gross margins. The following deficiencies were identified: · With respect to the revenue growth rate assumptions the firm used information produced by the issuer and information from external sources including industry data and growth rates for comparable companies to evaluate the reasonableness of these assumptions. The firm did not evaluate the relevance and reliability of certain industry data and the relevance of the growth rates for the comparable companies. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer recognized certain revenue based on the daily market price of a commodity that the issuer obtained from a service organization. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's investigation of daily price variances that exceeded a certain threshold. The firm did not evaluate whether the threshold the control owner used to investigate variances was sufficiently precise to detect misstatements that could be material. (AS 2201.42) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The issuer recognized certain revenue based on the daily market price of a commodity that the issuer obtained from a service organization. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's investigation of daily price variances that exceeded a certain threshold. The firm did not perform any procedures to obtain evidence regarding the service organization's controls for the year under audit. (AS 2201.39 and .B19) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 B19 The issuer recognized certain revenue based on the daily market price of a commodity that the issuer obtained from a service organization. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's investigation of daily price variances that exceeded a certain threshold. The firm did not perform any procedures to obtain evidence regarding the service organization's controls for the year under audit. (AS 2201.39 and .B19) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 4 The issuer recognized certain revenue based on the daily market price of a commodity that the issuer obtained from a service organization. The following deficiencies were identified: · The firm obtained the service organization's pricing information from the issuer and used it in its substantive testing of this revenue but did not perform any procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 6 The issuer recognized certain revenue based on the daily market price of a commodity that the issuer obtained from a service organization. The following deficiencies were identified: · The firm obtained the service organization's pricing information from the issuer and used it in its substantive testing of this revenue but did not perform any procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 44 During the year the issuer acquired multiple businesses and engaged a specialist to assist in the determination of the fair values of certain assets acquired using forecasted cash flows and other assumptions. The following deficiencies were identified: · The firm selected for testing a control over the valuation of the assets acquired and liabilities assumed that included the reviews of the assumptions the issuer and the company's specialist used in these forecasted cash flows and other assumptions used to determine these fair values. In its testing of the operating effectiveness of this control the firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of a significant assumption for one of the business combinations selected for testing. (AS 2201.44) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1201 C6 During the year the issuer acquired multiple businesses and engaged a specialist to assist in the determination of the fair values of certain assets acquired using forecasted cash flows and other assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair values of certain acquired assets was to test the issuer's process. The firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. For certain of these assets the firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not perform any procedures beyond reading the valuation report that was prepared by the company's specialist to evaluate certain significant assumptions developed by the issuer. (AS 1201. C6 and .C7; AS 2501.16) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1201 C7 During the year the issuer acquired multiple businesses and engaged a specialist to assist in the determination of the fair values of certain assets acquired using forecasted cash flows and other assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair values of certain acquired assets was to test the issuer's process. The firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. For certain of these assets the firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not perform any procedures beyond reading the valuation report that was prepared by the company's specialist to evaluate certain significant assumptions developed by the issuer. (AS 1201. C6 and .C7; AS 2501.16) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired multiple businesses and engaged a specialist to assist in the determination of the fair values of certain assets acquired using forecasted cash flows and other assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair values of certain acquired assets was to test the issuer's process. The firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. For certain of these assets the firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not perform any procedures beyond reading the valuation report that was prepared by the company's specialist to evaluate certain significant assumptions developed by the issuer. (AS 1201. C6 and .C7; AS 2501.16) Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2810 30 During the year the issuer acquired a business. The firm did not identify and evaluate that the issuer's accounting for a provision for contingent payments to the sellers as equity and the omission of required disclosures related to this provision were not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting and disclosures for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 49 RSM US LLP 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2810 31 During the year the issuer acquired a business. The firm did not identify and evaluate that the issuer's accounting for a provision for contingent payments to the sellers as equity and the omission of required disclosures related to this provision were not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting and disclosures for this business combination and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer recognized revenue when customer invoices were generated based on shipment information that was entered into the issuer's systems. The firm did not identify and test any controls that addressed whether customer invoices were associated with valid customer orders and shipments. Further the firm did not identify and test any controls that addressed whether the performance obligation had been satisfied when revenue was recognized. (AS 2201.39) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm selected for testing a control that consisted of the issuer's review and approval of certain revenue deductions. The firm did not test or test any controls over the accuracy and completeness of the system-generated report that it used to select its samples for testing this control. (AS 1105.10) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm selected for testing controls over inventory but did not identify and test any controls over the accuracy and completeness of certain system-generated data or reports that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm did not identify and test any controls that addressed whether the unit costs the issuer used to record inventory were based on the standard material labor and overhead rates that the issuer had determined. (AS 2201.39) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 16 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 18 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 37 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2315 19 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2315 23 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2315 23A The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm did not perform procedures to test or sufficiently test controls over the accuracy and completeness of a system-generated report that it used in its substantive testing of inventory. (AS 1105.10) Annually Inspected 173 Crowe LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm's substantive procedures to test the unit cost of certain inventory included selecting a sample of items for testing. The firm did not perform sufficient procedures to test the labor and overhead costs of the selected items because the firm did not test the labor and overhead rates the issuer had determined beyond reviewing the nature of the cost types that the issuer used to calculate the overhead rates. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer used an information-technology (IT) system to process and record transactions related to revenue and inventory. The firm selected for testing controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used an information-technology (IT) system to process and record transactions related to revenue and inventory. The firm selected for testing controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer used an information-technology (IT) system to process and record transactions related to revenue and inventory. The firm selected for testing controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used an information-technology (IT) system to process and record transactions related to revenue and inventory. The firm selected for testing controls over the issuer's granting and monitoring of user access to this system but did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 46 The firm selected for testing certain automated and IT-dependent manual controls over revenue and inventory. The firm's approach to testing the accuracy and completeness of the data used in these controls depended on effective IT general controls including controls over user access. As a result of the deficiency in the firm's testing of the controls the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The firm selected for testing certain automated and IT-dependent manual controls over revenue and inventory. The firm's approach to testing the accuracy and completeness of the data used in these controls depended on effective IT general controls including controls over user access. As a result of the deficiency in the firm's testing of the controls the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The firm selected for testing certain automated and IT-dependent manual controls over revenue and inventory. The firm's approach to testing the accuracy and completeness of the data used in these controls depended on effective IT general controls including controls over user access. As a result of the deficiency in the firm's testing of the controls the firm's testing of the automated controls was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing certain automated and IT-dependent manual controls over revenue and inventory. The firm's approach to testing the accuracy and completeness of the data used in these controls depended on effective IT general controls including controls over user access. As a result of the deficiency in the firm's testing of the controls the firm's testing of the automated controls was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The firm selected for testing certain automated and IT-dependent manual controls over revenue and inventory. The firm's approach to testing the accuracy and completeness of the data used in these controls depended on effective IT general controls including controls over user access. As a result of the deficiency in the firm's testing of the controls the firm's testing of the automated controls was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing certain automated and IT-dependent manual controls over revenue and inventory. The firm's approach to testing the accuracy and completeness of the data used in these controls depended on effective IT general controls including controls over user access. As a result of the deficiency in the firm's testing of the controls the firm's testing of the automated controls was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 For certain automated controls over revenue the firm tested a sample of one transaction for each control in the issuer's IT testing environment rather than in its production environment. The firm's testing of certain of these controls was not sufficient because the firm did not perform any procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.44)For certain automated controls over revenue the firm tested a sample of one transaction for each control in the issuer's IT testing environment rather than in its production environment. The firm's testing of certain of these controls was not sufficient because the firm did not perform any procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.44) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2310 28 For two business units the issuer held certain inventory at locations owned by external parties. The firm performed confirmation procedures to test the existence of this inventory but did not maintain control over the confirmation requests because the issuer sent the requests. (AS 2310.28) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 For certain inventory at another business unit the firm did not identify and test any controls over the issuer's process to record costs related to this inventory including the calculation of variances between standard and actual costs. (AS 2201.39) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 7 AS 2101 11 The firm excluded from the scope of its financial statement and ICFR audits cash related to certain business units but did not evaluate certain factors that were relevant to the assessment of the risks of material misstatement associated with this cash including the materiality of the recorded cash balances and the location of certain of these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 7 AS 2101 12 The firm excluded from the scope of its financial statement and ICFR audits cash related to certain business units but did not evaluate certain factors that were relevant to the assessment of the risks of material misstatement associated with this cash including the materiality of the recorded cash balances and the location of certain of these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 7 AS 2201 B10 The firm excluded from the scope of its financial statement and ICFR audits cash related to certain business units but did not evaluate certain factors that were relevant to the assessment of the risks of material misstatement associated with this cash including the materiality of the recorded cash balances and the location of certain of these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Liability Fraud Risk 1 AS 2501 22 The issuer recorded an estimated liability for certain known and expected losses. The firm's approach for substantively testing this liability was to develop an independent expectation. The firm developed its expectation primarily based on historical losses that included (1) various loss information produced from certain of the issuer's IT systems and (2) a recorded accrual for certain known losses. The following deficiencies were identified: · The firm did not perform any procedures to determine whether it had a reasonable basis for using historical losses to estimate losses for the current year. (AS 2501.22) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Liability Fraud Risk 2 AS 1105 10 The issuer recorded an estimated liability for certain known and expected losses. The firm's approach for substantively testing this liability was to develop an independent expectation. The firm developed its expectation primarily based on historical losses that included (1) various loss information produced from certain of the issuer's IT systems and (2) a recorded accrual for certain known losses. The following deficiencies were identified: · The firm did not perform any substantive procedures to test or test any controls over the completeness of certain of the loss information used in its expectation. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Liability Fraud Risk 3 AS 1105 10 The issuer recorded an estimated liability for certain known and expected losses. The firm's approach for substantively testing this liability was to develop an independent expectation. The firm developed its expectation primarily based on historical losses that included (1) various loss information produced from certain of the issuer's IT systems and (2) a recorded accrual for certain known losses. The following deficiencies were identified: · The firm did not sufficiently test the accuracy of this information because it did not subject certain types of losses to testing. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Liability Fraud Risk 4 AS 1105 4 The issuer recorded an estimated liability for certain known and expected losses. The firm's approach for substantively testing this liability was to develop an independent expectation. The firm developed its expectation primarily based on historical losses that included (1) various loss information produced from certain of the issuer's IT systems and (2) a recorded accrual for certain known losses. The following deficiencies were identified: · The firm did not perform any procedures to test the reliability of the recorded accrual used in its expectation. (AS 1105.04 and .06) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Liability Fraud Risk 4 AS 1105 6 The issuer recorded an estimated liability for certain known and expected losses. The firm's approach for substantively testing this liability was to develop an independent expectation. The firm developed its expectation primarily based on historical losses that included (1) various loss information produced from certain of the issuer's IT systems and (2) a recorded accrual for certain known losses. The following deficiencies were identified: · The firm did not perform any procedures to test the reliability of the recorded accrual used in its expectation. (AS 1105.04 and .06) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2301 8 The issuer's process related to revenue was highly automated with transactions being initiated processed and recorded by numerous information-technology (IT) systems. The issuer identified a material weakness related to ineffective IT general controls over certain IT systems. For the sample of revenue transactions that the firm selected for testing the firm did not perform any procedures to test whether certain information that the issuer used to record revenue was appropriate beyond comparing it to information that was generated by and maintained in certain of the issuer's systems that were affected by the material weakness. (AS 2301.08)The issuer's process related to revenue was highly automated with transactions being initiated processed and recorded by numerous information-technology (IT) systems. The issuer identified a material weakness related to ineffective IT general controls over certain IT systems. For the sample of revenue transactions that the firm selected for testing the firm did not perform any procedures to test whether certain information that the issuer used to record revenue was appropriate beyond comparing it to information that was generated by and maintained in certain of the issuer's systems that were affected by the material weakness. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 For three types of revenue the firm used certain system-generated information in its substantive testing of revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For two other types of revenue the issuer recorded revenue based on information provided by an external service provider. The firm used this information in its substantive testing of this revenue but did not perform any procedures to test the accuracy and completeness of this information. (AS 2301.08) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 1 AS 2501 16 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to one investment the firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions the company's specialist used to estimate the fair value. (AS 2501.16) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 2 AS 1105 A8b The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a second investment the firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist because it did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the reasonableness of these assumptions. (AS 1105.A8b; AS 1210.09 and .12) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 2 AS 1210 9 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a second investment the firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist because it did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the reasonableness of these assumptions. (AS 1105.A8b; AS 1210.09 and .12) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 2 AS 1210 12 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a second investment the firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist because it did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the reasonableness of these assumptions. (AS 1105.A8b; AS 1210.09 and .12) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 3 AS 1105 4 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a second investment the auditor-engaged specialist did not sufficiently evaluate the reasonableness of another significant assumption because it did not (1) evaluate the relevance of certain external information used in its testing; (2) evaluate whether this assumption was consistent with the issuer's objectives strategies and related business risks; and (3) take into account the issuer's intent and ability to carry out its plans. (AS 1105.04 .06 and .A8b; AS 1210.09 and .12; AS 2501.17) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 3 AS 1105 6 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a second investment the auditor-engaged specialist did not sufficiently evaluate the reasonableness of another significant assumption because it did not (1) evaluate the relevance of certain external information used in its testing; (2) evaluate whether this assumption was consistent with the issuer's objectives strategies and related business risks; and (3) take into account the issuer's intent and ability to carry out its plans. (AS 1105.04 .06 and .A8b; AS 1210.09 and .12; AS 2501.17) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 3 AS 1105 A8b The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a second investment the auditor-engaged specialist did not sufficiently evaluate the reasonableness of another significant assumption because it did not (1) evaluate the relevance of certain external information used in its testing; (2) evaluate whether this assumption was consistent with the issuer's objectives strategies and related business risks; and (3) take into account the issuer's intent and ability to carry out its plans. (AS 1105.04 .06 and .A8b; AS 1210.09 and .12; AS 2501.17) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 3 AS 1210 9 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a second investment the auditor-engaged specialist did not sufficiently evaluate the reasonableness of another significant assumption because it did not (1) evaluate the relevance of certain external information used in its testing; (2) evaluate whether this assumption was consistent with the issuer's objectives strategies and related business risks; and (3) take into account the issuer's intent and ability to carry out its plans. (AS 1105.04 .06 and .A8b; AS 1210.09 and .12; AS 2501.17) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 3 AS 1210 12 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a second investment the auditor-engaged specialist did not sufficiently evaluate the reasonableness of another significant assumption because it did not (1) evaluate the relevance of certain external information used in its testing; (2) evaluate whether this assumption was consistent with the issuer's objectives strategies and related business risks; and (3) take into account the issuer's intent and ability to carry out its plans. (AS 1105.04 .06 and .A8b; AS 1210.09 and .12; AS 2501.17) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 3 AS 2501 17 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a second investment the auditor-engaged specialist did not sufficiently evaluate the reasonableness of another significant assumption because it did not (1) evaluate the relevance of certain external information used in its testing; (2) evaluate whether this assumption was consistent with the issuer's objectives strategies and related business risks; and (3) take into account the issuer's intent and ability to carry out its plans. (AS 1105.04 .06 and .A8b; AS 1210.09 and .12; AS 2501.17) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 4 AS 1210 9 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a third investment the firm did not perform sufficient procedures to test estimates that the company's specialist used to determine the investment's fair value because it did not identify that the auditor-engaged specialist did not perform any procedures with respect to the work the company's specialist performed. (AS 1210.09 and .12; AS 2501.07) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 4 AS 1210 12 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a third investment the firm did not perform sufficient procedures to test estimates that the company's specialist used to determine the investment's fair value because it did not identify that the auditor-engaged specialist did not perform any procedures with respect to the work the company's specialist performed. (AS 1210.09 and .12; AS 2501.07) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 4 AS 2501 7 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to a third investment the firm did not perform sufficient procedures to test estimates that the company's specialist used to determine the investment's fair value because it did not identify that the auditor-engaged specialist did not perform any procedures with respect to the work the company's specialist performed. (AS 1210.09 and .12; AS 2501.07) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 5 AS 1105 A8b The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to two other investments the firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialists because it did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the relevance and reliability of certain data the company's specialists used to develop these assumptions. (AS 1105.A8a; AS 1210.09 and .12) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 5 AS 1210 9 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to two other investments the firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialists because it did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the relevance and reliability of certain data the company's specialists used to develop these assumptions. (AS 1105.A8a; AS 1210.09 and .12) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 5 AS 1210 12 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to two other investments the firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialists because it did not identify that the auditor-engaged specialist did not perform any procedures to evaluate the relevance and reliability of certain data the company's specialists used to develop these assumptions. (AS 1105.A8a; AS 1210.09 and .12) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 6 AS 1105 A8b The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to two other investments the firm did not identify that the auditor-engaged specialist did not (1) sufficiently evaluate the reasonableness of certain of these assumptions because it did not evaluate the significant differences between the assumptions and the industry information it obtained or (2) perform any procedures to evaluate the reasonableness of the remainder of these assumptions. (AS 1105.A8b; AS 1210.09 and .12) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 6 AS 1210 9 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to two other investments the firm did not identify that the auditor-engaged specialist did not (1) sufficiently evaluate the reasonableness of certain of these assumptions because it did not evaluate the significant differences between the assumptions and the industry information it obtained or (2) perform any procedures to evaluate the reasonableness of the remainder of these assumptions. (AS 1105.A8b; AS 1210.09 and .12) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 6 AS 1210 12 The issuer reported certain equity investments and engaged specialists to estimate the fair value of these investments. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate certain significant assumptions the company's specialists used. The following deficiencies were identified: · With respect to two other investments the firm did not identify that the auditor-engaged specialist did not (1) sufficiently evaluate the reasonableness of certain of these assumptions because it did not evaluate the significant differences between the assumptions and the industry information it obtained or (2) perform any procedures to evaluate the reasonableness of the remainder of these assumptions. (AS 1105.A8b; AS 1210.09 and .12) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 1 AS 1105 A8a The issuer reported certain equity investments and engaged a specialist to estimate the fair value of these investments. The company's specialist used the investees' financial results in estimating the fair value. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions developed by the company's specialist. The firm did not sufficiently test the fair value of these investments as follows: · For certain of these significant assumptions the firm did not identify that the auditor-employed specialist did not (1) evaluate the reasonableness of these assumptions and (2) sufficiently evaluate the relevance of certain data from external sources the company's specialist used to develop these assumptions because the auditor-employed specialist did not evaluate the differences between these data and the issuer's investments. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 1 AS 1105 A8b The issuer reported certain equity investments and engaged a specialist to estimate the fair value of these investments. The company's specialist used the investees' financial results in estimating the fair value. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions developed by the company's specialist. The firm did not sufficiently test the fair value of these investments as follows: · For certain of these significant assumptions the firm did not identify that the auditor-employed specialist did not (1) evaluate the reasonableness of these assumptions and (2) sufficiently evaluate the relevance of certain data from external sources the company's specialist used to develop these assumptions because the auditor-employed specialist did not evaluate the differences between these data and the issuer's investments. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 1 AS 1201 C6 The issuer reported certain equity investments and engaged a specialist to estimate the fair value of these investments. The company's specialist used the investees' financial results in estimating the fair value. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions developed by the company's specialist. The firm did not sufficiently test the fair value of these investments as follows: · For certain of these significant assumptions the firm did not identify that the auditor-employed specialist did not (1) evaluate the reasonableness of these assumptions and (2) sufficiently evaluate the relevance of certain data from external sources the company's specialist used to develop these assumptions because the auditor-employed specialist did not evaluate the differences between these data and the issuer's investments. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 1 AS 1201 C7 The issuer reported certain equity investments and engaged a specialist to estimate the fair value of these investments. The company's specialist used the investees' financial results in estimating the fair value. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions developed by the company's specialist. The firm did not sufficiently test the fair value of these investments as follows: · For certain of these significant assumptions the firm did not identify that the auditor-employed specialist did not (1) evaluate the reasonableness of these assumptions and (2) sufficiently evaluate the relevance of certain data from external sources the company's specialist used to develop these assumptions because the auditor-employed specialist did not evaluate the differences between these data and the issuer's investments. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 2 AS 1105 B1 The issuer reported certain equity investments and engaged a specialist to estimate the fair value of these investments. The company's specialist used the investees' financial results in estimating the fair value. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions developed by the company's specialist. The firm did not sufficiently test the fair value of these investments as follows: · The firm did not sufficiently evaluate the investees' financial results it used as audit evidence because it did not (1) perform procedures to address the difference in year ends for certain of the investees and (2) apply or request that another auditor apply appropriate auditing procedures to the unaudited financial statements for certain other investees. (AS 1105.B1 - .B3) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 2 AS 1105 B2 The issuer reported certain equity investments and engaged a specialist to estimate the fair value of these investments. The company's specialist used the investees' financial results in estimating the fair value. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions developed by the company's specialist. The firm did not sufficiently test the fair value of these investments as follows: · The firm did not sufficiently evaluate the investees' financial results it used as audit evidence because it did not (1) perform procedures to address the difference in year ends for certain of the investees and (2) apply or request that another auditor apply appropriate auditing procedures to the unaudited financial statements for certain other investees. (AS 1105.B1 - .B3) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 2 AS 1105 B3 The issuer reported certain equity investments and engaged a specialist to estimate the fair value of these investments. The company's specialist used the investees' financial results in estimating the fair value. The firm's approach for substantively testing the fair value of these investments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions developed by the company's specialist. The firm did not sufficiently test the fair value of these investments as follows: · The firm did not sufficiently evaluate the investees' financial results it used as audit evidence because it did not (1) perform procedures to address the difference in year ends for certain of the investees and (2) apply or request that another auditor apply appropriate auditing procedures to the unaudited financial statements for certain other investees. (AS 1105.B1 - .B3) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 1 AS 1105 4 The firm's approach for substantively testing the fair value of certain equity investments was to develop an independent expectation of the estimates using the work of an auditor-employed specialist. The firm did not perform sufficient procedures to test the fair value of these equity investments as follows: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to evaluate the relevance of non-industry specific data from external sources it used to develop certain assumptions because the auditor-employed specialist did not evaluate the differences between using non-industry specific data and industry-specific data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 1 AS 1105 6 The firm's approach for substantively testing the fair value of certain equity investments was to develop an independent expectation of the estimates using the work of an auditor-employed specialist. The firm did not perform sufficient procedures to test the fair value of these equity investments as follows: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to evaluate the relevance of non-industry specific data from external sources it used to develop certain assumptions because the auditor-employed specialist did not evaluate the differences between using non-industry specific data and industry-specific data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 1 AS 1201 C6 The firm's approach for substantively testing the fair value of certain equity investments was to develop an independent expectation of the estimates using the work of an auditor-employed specialist. The firm did not perform sufficient procedures to test the fair value of these equity investments as follows: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to evaluate the relevance of non-industry specific data from external sources it used to develop certain assumptions because the auditor-employed specialist did not evaluate the differences between using non-industry specific data and industry-specific data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 1 AS 1201 C7 The firm's approach for substantively testing the fair value of certain equity investments was to develop an independent expectation of the estimates using the work of an auditor-employed specialist. The firm did not perform sufficient procedures to test the fair value of these equity investments as follows: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to evaluate the relevance of non-industry specific data from external sources it used to develop certain assumptions because the auditor-employed specialist did not evaluate the differences between using non-industry specific data and industry-specific data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 2 AS 1201 C6 The firm's approach for substantively testing the fair value of certain equity investments was to develop an independent expectation of the estimates using the work of an auditor-employed specialist. The firm did not perform sufficient procedures to test the fair value of these equity investments as follows: · The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for certain other assumptions it developed. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 2 AS 1201 C7 The firm's approach for substantively testing the fair value of certain equity investments was to develop an independent expectation of the estimates using the work of an auditor-employed specialist. The firm did not perform sufficient procedures to test the fair value of these equity investments as follows: · The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for certain other assumptions it developed. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Investments Fraud Risk 2 AS 2501 22 The firm's approach for substantively testing the fair value of certain equity investments was to develop an independent expectation of the estimates using the work of an auditor-employed specialist. The firm did not perform sufficient procedures to test the fair value of these equity investments as follows: · The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for certain other assumptions it developed. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Investments 1 AS 2810 30 The firm identified that the issuer's categorization of certain investments within the fair value hierarchy was not in conformity with FASB ASC Topic 820 Fair Value Measurement. The firm did not appropriately evaluate the effect of this GAAP departure on the issuer's financial statements. (AS 2810.30 and .31) Annually Inspected 925 Cohen & Company, Ltd. 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Investments 1 AS 2810 31 The firm identified that the issuer's categorization of certain investments within the fair value hierarchy was not in conformity with FASB ASC Topic 820 Fair Value Measurement. The firm did not appropriately evaluate the effect of this GAAP departure on the issuer's financial statements. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 8 The firm did not perform substantive procedures to test certain revenue beyond comparing it to the issuer's information system. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 13 The firm did not perform substantive procedures to test certain revenue beyond comparing it to the issuer's information system. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2301 8 The firm did not perform substantive procedures to test a second type of revenue beyond obtaining evidence that the issuer received cash for certain transactions. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2301 13 The firm did not perform substantive procedures to test a second type of revenue beyond obtaining evidence that the issuer received cash for certain transactions. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2301 8 For a third type of revenue the firm selected certain revenue transactions for testing. The firm did not perform substantive procedures to test those revenue transactions beyond obtaining evidence that the issuer received cash for the transactions. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2301 13 For a third type of revenue the firm selected certain revenue transactions for testing. The firm did not perform substantive procedures to test those revenue transactions beyond obtaining evidence that the issuer received cash for the transactions. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2301 8 The firm did not perform any substantive procedures to test certain receivables related to revenue. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2501 7 The firm did not perform any substantive procedures to test the issuer's allowance for doubtful accounts. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2301 8 The firm did not perform any substantive procedures to test liabilities related to revenue. (AS 2301.08) Unrelated to our review the issuer reevaluated its accounting for the allowance for doubtful accounts certain receivables related to revenue and liabilities related to revenue and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements. Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 A1 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 A10 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 A2 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 A3 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 A4 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 A5 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 A6 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 A7 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 A8 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 1105 A9 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 7 AS 2501 7 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair value of these assets and the contingent consideration beyond obtaining and reading the company's specialists' reports. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 8 AS 2301 8 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the existence of the other assets acquired and the completeness of the liabilities assumed. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 9 AS 2501 7 During the year the issuer acquired certain businesses and engaged specialists to determine the fair value of certain assets and contingent consideration at the acquisition date. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the fair value of the other assets acquired and the liabilities assumed. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether (1) the work was performed and documented (2) the objectives of the procedures were achieved and (3) the results of the work support the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether (1) the work was performed and documented (2) the objectives of the procedures were achieved and (3) the results of the work support the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform substantive procedures to test revenue beyond comparing certain transactions to issuer-prepared documentation and cash receipts. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform substantive procedures to test revenue beyond comparing certain transactions to issuer-prepared documentation and cash receipts. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2301 8 During the year the issuer acquired certain businesses. The firm did not perform substantive procedures to test the acquisitions beyond testing the valuation of stock that was issued in connection with the acquisitions. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Debt 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the issuer's accounting for and presentation of convertible notes payable including warrants were in conformity with relevant GAAP. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 2301 8 The issuer settled certain debt by issuing shares. The firm did not perform any substantive procedures to test this transaction. (AS 2301.08) Unrelated to our review the issuer reevaluated its (1) accounting for and presentation of convertible notes payable including warrants and (2) accounting for the settlement of debt and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements. Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 1105 A1 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 1105 A10 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 1105 A2 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 1105 A3 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 1105 A4 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 1105 A5 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 1105 A6 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 1105 A7 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 1105 A8 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 1105 A9 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Income 3 AS 2301 8 The issuer recognized other income as a result of cancelling certain accrued expenses due to the expiration of the statute of limitations on such liabilities. The issuer engaged external counsel (“company's specialist”) to evaluate these claims under the local law. The firm did not perform substantive procedures to test other income beyond obtaining and reading the legal letters from the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 1 AS 2410 12 The firm did not perform any substantive procedures to test related party transactions. (AS 2410.12) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 1105 A1 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 1105 A10 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 1105 A2 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 1105 A3 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 1105 A4 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 1105 A5 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 1105 A6 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 1105 A7 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 1105 A8 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 1105 A9 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 2405 10 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Fraud Risk 2 AS 2405 11 The firm identified that certain related party transactions may have been illegal acts and communicated the potential illegal acts to the issuer's Board of Directors. The issuer's Board of Directors engaged legal counsel (“company's specialist”) to evaluate these matters. The firm did not perform sufficient procedures to determine whether illegal acts had occurred because it limited its procedures to obtaining and reading a legal letter from the company's specialist and did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2405.10 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Certain Income Statement Transactions 3 AS 2301 8 The firm did not perform substantive procedures to test certain income statement transactions beyond obtaining and reading a legal agreement. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Investment Securities 4 AS 2301 8 The firm did not perform substantive procedures to test investment securities beyond comparing the balance to the brokerage statement obtained from the issuer. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Planning Materiality 1 AS 2105 6 The firm did not establish a materiality level for the financial statements as a whole that was appropriate in light of the particular circumstances and consideration of the relevant factors because the firm established separate materiality levels for balance sheet accounts and income statement accounts. (AS 2105.06) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 2 AS 2301 8 The firm did not perform substantive procedures to test certain liabilities beyond obtaining the issuer's schedules and recalculating certain amounts. (AS 2301.08 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Certain Liabilities Significant Risk 2 AS 2301 11 The firm did not perform substantive procedures to test certain liabilities beyond obtaining the issuer's schedules and recalculating certain amounts. (AS 2301.08 and .11) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 2301 8 The issuer reported certain assets. The following deficiencies were identified: · The firm did not perform any substantive procedures to establish that the issuer had control and ownership of these assets. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 2301 8 The issuer reported certain assets. The following deficiencies were identified: · The firm did not perform substantive procedures to test the existence valuation and completeness of these assets beyond tracing quantities and prices to schedules provided by the issuer. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 2810 3 The issuer reported certain assets. The following deficiencies were identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's disclosure that these assets were current assets and the issuer's classification of them as non-current assets on the balance sheet. (AS 2810.03 .30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 2810 30 The issuer reported certain assets. The following deficiencies were identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's disclosure that these assets were current assets and the issuer's classification of them as non-current assets on the balance sheet. (AS 2810.03 .30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 2810 31 The issuer reported certain assets. The following deficiencies were identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's disclosure that these assets were current assets and the issuer's classification of them as non-current assets on the balance sheet. (AS 2810.03 .30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2810 30 The issuer reported certain assets. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the accounting policies for these assets that were required by FASB ASC Topic 235 Notes to the Financial Statements. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2810 31 The issuer reported certain assets. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the accounting policies for these assets that were required by FASB ASC Topic 235 Notes to the Financial Statements. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Certain Assets 5 AS 2301 8 The issuer reported certain assets. The following deficiencies were identified: · The firm did not evaluate whether the issuer's presentation of these assets was in conformity with GAAP. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 6 AS 2301 8 The firm did not perform substantive procedures to test revenue beyond comparing it to a schedule provided by the issuer. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 7 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to the accounting policies for revenue recognition that were required by FASB ASC Topic 235. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 7 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to the accounting policies for revenue recognition that were required by FASB ASC Topic 235. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Related Party Transactions Significant Risk 8 AS 2410 12 The firm did not perform substantive procedures to test a related party payable beyond inquiry and confirming the amount with the related party who was an executive officer of the issuer. (AS 2410.12) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 A1 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 A10 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 A2 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 A3 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 A4 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 A5 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 A6 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 A7 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 A8 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 A9 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2301 8 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test certain acquisitions beyond obtaining and reading the issuer's accounting memorandum and the valuation reports prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A1 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A10 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A2 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A3 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A4 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A5 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A6 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A7 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A8 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1105 A9 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2301 8 During the year the issuer acquired several businesses and engaged a specialist to determine the fair value of the acquired intangible assets and goodwill at the acquisition dates. The following deficiencies were identified: · The firm did not perform substantive procedures to test another acquisition beyond obtaining and reading the purchase agreement settlement statement and valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 3 AS 2301 8 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the convertible notes beyond obtaining and reading certain legal agreements including not evaluating whether the issuer's accounting for and presentation of the convertible notes and related derivative liability were in accordance with FASB ASC Topic 470 Debt and FASB ASC Topic 815 Derivatives and Hedging. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 1105 A1 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 1105 A10 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 1105 A2 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 1105 A3 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 1105 A4 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 1105 A5 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 1105 A6 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 1105 A7 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 1105 A8 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 1105 A9 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 4 AS 2501 7 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform substantive procedures to test the valuation of the derivative liability as of the issuance date beyond obtaining and reading the company's specialist's valuation report. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 5 AS 2501 7 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the valuation of the derivative liability at year end and the unrealized gain on the derivative liability for the year. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 6 AS 2810 30 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the inputs and quantitative information about significant unobservable inputs used to measure the fair value of the derivative liability that were required by FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Notes and a Derivative Liability 6 AS 2810 31 During the year the issuer issued convertible notes and recorded a derivative liability related to the notes. The issuer engaged a specialist to determine the fair value of the derivative liability on the issuance date. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the inputs and quantitative information about significant unobservable inputs used to measure the fair value of the derivative liability that were required by FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm performed procedures to test one revenue transaction. The firm did not perform substantive procedures to test the remaining revenue transactions beyond tracing them to cash receipts and for certain of these transactions to certain fee information provided by customers for which the firm traced the underlying fee rates to customer contracts. Further the firm did not perform any procedures to evaluate certain evidence included in the work papers that indicated the issuer may have recognized revenue on the cash basis of accounting. (AS 2301.08 and .13; AS 2810.03) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm performed procedures to test one revenue transaction. The firm did not perform substantive procedures to test the remaining revenue transactions beyond tracing them to cash receipts and for certain of these transactions to certain fee information provided by customers for which the firm traced the underlying fee rates to customer contracts. Further the firm did not perform any procedures to evaluate certain evidence included in the work papers that indicated the issuer may have recognized revenue on the cash basis of accounting. (AS 2301.08 and .13; AS 2810.03) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 3 The firm performed procedures to test one revenue transaction. The firm did not perform substantive procedures to test the remaining revenue transactions beyond tracing them to cash receipts and for certain of these transactions to certain fee information provided by customers for which the firm traced the underlying fee rates to customer contracts. Further the firm did not perform any procedures to evaluate certain evidence included in the work papers that indicated the issuer may have recognized revenue on the cash basis of accounting. (AS 2301.08 and .13; AS 2810.03) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to the amount of revenue recognized in the current year from performance obligations satisfied (or partially satisfied) in previous years that were required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to the amount of revenue recognized in the current year from performance obligations satisfied (or partially satisfied) in previous years that were required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Investment 3 AS 2301 8 The firm did not perform any substantive procedures to test an investment. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Variable Interest Entities 4 AS 2301 8 The firm did not perform substantive procedures to test the issuer's consolidation of VIEs beyond obtaining and reading an issuer memorandum. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm selected key item transactions for testing revenue. The firm did not perform substantive procedures to test those transactions beyond comparing them to invoices. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm selected key item transactions for testing revenue. The firm did not perform substantive procedures to test those transactions beyond comparing them to invoices. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 27 The firm selected key item transactions for testing revenue. The firm did not perform any substantive procedures to test the remaining population of revenue transactions. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm selected key item transactions for testing revenue. The firm did not perform any substantive procedures to test the remaining population of revenue transactions. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm selected key item transactions for testing revenue. The firm did not perform any substantive procedures to test the remaining population of revenue transactions. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2301 8 The firm selected an account receivable for testing but did not perform substantive procedures to test it beyond comparing it to invoices. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2501 7 The firm selected an account receivable for testing but did not perform any substantive procedures to test whether the account receivable was fully collectible. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2301 8 The firm did not perform substantive procedures to test inventory beyond comparing the balance to an issuer-produced report. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Cash 1 AS 2301 8 The firm did not perform substantive procedures to test cash beyond comparing the amount to a copy of the bank statement obtained from the issuer. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A1 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A10 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A2 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A3 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A4 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A5 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A6 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A7 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A9 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 2501 7 The issuer engaged a specialist to determine the fair value of certain warrants at year end. The firm did not perform substantive procedures to test the fair value of these warrants beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 3 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to the inputs and quantitative information about significant unobservable inputs used to measure the fair value of these warrants that were required by FASB ASC Topic 820 Fair Value Measurements. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 3 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to the inputs and quantitative information about significant unobservable inputs used to measure the fair value of these warrants that were required by FASB ASC Topic 820 Fair Value Measurements. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2301 8 The firm did not perform substantive procedures to test the excess or obsolete inventory reserve and inventory that had been written off during the year beyond obtaining and reading an issuer memorandum. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2501 7 The firm did not perform substantive procedures to test the excess or obsolete inventory reserve and inventory that had been written off during the year beyond obtaining and reading an issuer memorandum. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 2301 8 The issuer reported convertible debt agreements that included embedded conversion options; the issuer accounted for these options as derivative liabilities. The firm's approach for substantively testing the fair value of the derivative liabilities was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the issuer's accounting for the conversion options embedded in the convertible debt agreements as derivative liabilities was in conformity with FASB ASC Topic 815 Derivative and Hedging Activities. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Derivatives 3 AS 1105 4 The issuer reported convertible debt agreements that included embedded conversion options; the issuer accounted for these options as derivative liabilities. The firm's approach for substantively testing the fair value of the derivative liabilities was to test the issuer's process. The following deficiencies were identified: · The firm did not evaluate the reliability of certain data the issuer used to determine the fair value of the derivative liabilities. (AS 1105.04 and .06) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Derivatives 3 AS 1105 6 The issuer reported convertible debt agreements that included embedded conversion options; the issuer accounted for these options as derivative liabilities. The firm's approach for substantively testing the fair value of the derivative liabilities was to test the issuer's process. The following deficiencies were identified: · The firm did not evaluate the reliability of certain data the issuer used to determine the fair value of the derivative liabilities. (AS 1105.04 and .06) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Derivatives 4 AS 2501 10 The issuer reported convertible debt agreements that included embedded conversion options; the issuer accounted for these options as derivative liabilities. The firm's approach for substantively testing the fair value of the derivative liabilities was to test the issuer's process. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate whether the method used by the issuer to develop the fair value of the derivative liabilities was in conformity with the requirements of GAAP and appropriate for the nature of the account including whether the data was appropriately used and significant assumptions were appropriately applied under GAAP because the firm did not test the formulas embedded in the issuer's schedules to determine whether they produced substantially the same result as the model the issuer purportedly used. (AS 2501.10) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Derivatives 5 AS 2810 30 The issuer reported convertible debt agreements that included embedded conversion options; the issuer accounted for these options as derivative liabilities. The firm's approach for substantively testing the fair value of the derivative liabilities was to test the issuer's process. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the inputs and quantitative information about the significant unobservable inputs used to measure the fair value of the derivative liabilities that were required by FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Derivatives 5 AS 2810 31 The issuer reported convertible debt agreements that included embedded conversion options; the issuer accounted for these options as derivative liabilities. The firm's approach for substantively testing the fair value of the derivative liabilities was to test the issuer's process. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the inputs and quantitative information about the significant unobservable inputs used to measure the fair value of the derivative liabilities that were required by FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Expenses 6 AS 2315 16 To test certain expenses the firm selected a sample of transactions. The sample size the firm used in this substantive procedure was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Expenses 6 AS 2315 19 To test certain expenses the firm selected a sample of transactions. The sample size the firm used in this substantive procedure was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Expenses 6 AS 2315 23 To test certain expenses the firm selected a sample of transactions. The sample size the firm used in this substantive procedure was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Expenses 6 AS 2315 23A To test certain expenses the firm selected a sample of transactions. The sample size the firm used in this substantive procedure was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2022 United States 2023-11-07T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Expenses 7 AS 2301 8 The firm did not perform substantive procedures to test payroll expense beyond comparing it to issuer-provided payroll reports prepared by an external party and tax filings. (AS 2301.08) Triennially Inspected 223 Farber Hass Hurley LLP 2023 United States 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes Significant Risk 1 AS 2201 39 The firm did not identify and test any controls over the determination and valuation of certain deferred tax assets. (AS 2201.39) Unrelated to our review the issuer reevaluated its accounting for income taxes and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over income taxes and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 223 Farber Hass Hurley LLP 2023 United States 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes Significant Risk 2 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's reporting of certain deferred tax assets that should have been written off and recognized as income tax expense in accordance with FASB ASC Topic 740 Income Taxes. (AS 2810.30 and .31) Triennially Inspected 223 Farber Hass Hurley LLP 2023 United States 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes Significant Risk 2 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's reporting of certain deferred tax assets that should have been written off and recognized as income tax expense in accordance with FASB ASC Topic 740 Income Taxes. (AS 2810.30 and .31) Triennially Inspected 869 McConnell & Jones, LLP 2023 United States 2023-10-26T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm selected for testing a control over revenue that consisted of the issuer's review of the financial statements of certain subsidiaries. The firm did not evaluate the specific review procedures that the control owner performed to evaluate whether the amounts recognized as revenue at these subsidiaries were appropriate. (AS 2201.42 and .44) Triennially Inspected 869 McConnell & Jones, LLP 2023 United States 2023-10-26T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm selected for testing a control over revenue that consisted of the issuer's review of the financial statements of certain subsidiaries. The firm did not evaluate the specific review procedures that the control owner performed to evaluate whether the amounts recognized as revenue at these subsidiaries were appropriate. (AS 2201.42 and .44) Triennially Inspected 869 McConnell & Jones, LLP 2023 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2501 7 The firm did not perform substantive procedures to test the valuation of certain investment securities held within various investment funds beyond comparing their net asset value to the trustee statements. (AS 2501.07) Triennially Inspected 1120 PricewaterhouseCoopers Oy 2022 Finland PricewaterhouseCoopers International Limited 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Financial Reporting and Close 1 AS 2820 7 On two separate occasions subsequent to the issuance of the firm's audit report the issuer retrospectively changed its accounting principles related to the accounting treatment of certain transactions which resulted in their reclassification in the financial statements that the firm had previously audited. On both of these occasions the firm was re-engaged to audit the reclassified amounts and reissue its audit report. The firm evaluated these changes to the issuer's accounting principles determined that they were in conformity with IFRS and reissued its audit report. The firm did not evaluate whether the issuer justified that these alternative accounting principles were preferable. (AS 2820.07) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2501 21 The firm's approach for substantively testing the issuer's impairment analysis for certain long-lived assets was to develop an independent expectation. The following deficiencies were identified: - The firm did not take into account (1) the requirements of certain elements of the applicable financial framework and (2) its understanding of the issuer's process so that its independent expectation considered the factors relevant to the estimate. (AS 2501.21) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2501 22 The firm's approach for substantively testing the issuer's impairment analysis for certain long-lived assets was to develop an independent expectation. The following deficiencies were identified: - The firm did not perform any procedures beyond inquiring of management to demonstrate that it had a reasonable basis for certain of its assumptions used in its independent expectation. (AS 2501.22) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of a departure from the issuer's applicable financial reporting framework related to the issuer's omission of certain required disclosures. (AS 2810.30 and 2810.31) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of a departure from the issuer's applicable financial reporting framework related to the issuer's omission of certain required disclosures. (AS 2810.30 and 2810.31) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2810 30 During the year the issuer reclassified certain long-lived assets due to a change in the intended use of these assets. The firm did not evaluate whether the reclassification met all of the requirements in accordance with the issuer's applicable financial reporting framework. (AS 2810.30) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 2810 30 The firm did not evaluate whether the issuer measured its allowance for doubtful accounts receivable ('allowance') using a probability-weighted amount that was determined by evaluating a range of possible outcomes as required by the issuer's applicable financial reporting framework. (AS 2810.30) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 6 AS 2501 16 With respect to Accounts Receivable the firm's approach for substantively testing the allowance was to review and test the issuer's process. The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop the allowance. (AS 2501.16) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill 1 AS 2501 22 The firm's approach for substantively testing the issuer's goodwill impairment analyses for certain reporting units was to develop independent expectations. The firm did not perform any procedures to demonstrate that it had a reasonable basis for certain assumptions that it used in its independent expectations. (AS 2501.22) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill 2 AS 2810 30 The firm's approach for substantively testing the issuer's goodwill impairment analyses for certain reporting units was to develop independent expectations. The firm did not identify and evaluate the significance to the financial statements of a departure from GAAP related to the issuer's omission of disclosures with respect to goodwill as required by FASB ASC Topic 350 Intangibles — Goodwill and Other. (AS 2810.30 and .31) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill 2 AS 2810 31 The firm's approach for substantively testing the issuer's goodwill impairment analyses for certain reporting units was to develop independent expectations. The firm did not identify and evaluate the significance to the financial statements of a departure from GAAP related to the issuer's omission of disclosures with respect to goodwill as required by FASB ASC Topic 350 Intangibles — Goodwill and Other. (AS 2810.30 and .31) Triennially Inspected 1171 WWC, P.C. 2021 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 3 AS 2301 8 The firm did not perform sufficient procedures to test the issuer's investment securities at year end because its procedures to test these securities were limited to (1) inspecting certain bank statements at interim dates for transfer activity from the issuer's cash account to its investment account and (2) reading the investment contract. (AS 2301.08) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an information technology (IT) system to process certain transactions related to revenue. In its testing of controls over revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 With respect to user access: · The firm selected for testing a control that consisted of the annual review of user access. The firm did not identify and test any controls over the completeness of the user access listing used in the operation of the control. (AS 2201.39) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 With respect to user access: · The firm selected for testing a control that consisted of the annual review of user access. The firm did not test an aspect of the control related to the role and functions assigned to users. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 With respect to user access: · The firm selected for testing a control that consisted of the annual review of user access. The firm did not test an aspect of the control related to the role and functions assigned to users. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 With respect to user access: · The firm selected for testing another control that consisted of the review of new and modified user access tickets. The firm did not perform sufficient procedures to test the completeness of the user access list from which it made its selections to test this control because it did not (1) evaluate whether the user access list was a customizable report and (2) test any customization used to generate the user access list. (AS 1105.10) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of new and modified contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of (1) the performance obligations identified and (2) the standalone selling price used to allocate revenue to separate performance obligations. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of new and modified contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of (1) the performance obligations identified and (2) the standalone selling price used to allocate revenue to separate performance obligations. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 8 The firm did not perform any substantive procedures to (1) evaluate the reasonableness of the performance obligations identified and (2) test the standalone selling price used to allocate revenue to separate performance obligations. (AS 2301.08) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing two controls that consisted of the component's review of contracts including the review of new and modified contracts for appropriate revenue recognition. For one control the firm did not identify and test any controls over the completeness of the new and modified contract data used in the operation of the control. (AS 2201.39) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing two controls that consisted of the component's review of contracts including the review of new and modified contracts for appropriate revenue recognition. For one control the firm did not identify and test any controls over the completeness of the new and modified contract data used in the operation of the control. (AS 2201.39) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing two controls that consisted of the component's review of contracts including the review of new and modified contracts for appropriate revenue recognition. The firm did not (1) evaluate the specific review procedures that the control owner performed to assess the appropriateness of revenue recognition and (2) test an aspect of the control over the accuracy of the report used in the operation of the control. (AS 2201.42 and .44)) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing two controls that consisted of the component's review of contracts including the review of new and modified contracts for appropriate revenue recognition. The firm did not (1) evaluate the specific review procedures that the control owner performed to assess the appropriateness of revenue recognition and (2) test an aspect of the control over the accuracy of the report used in the operation of the control. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing two controls that consisted of the component's review of contracts including the review of new and modified contracts for appropriate revenue recognition. The firm did not (1) evaluate the specific review procedures that the control owner performed to assess the appropriateness of revenue recognition and (2) test an aspect of the control over the accuracy of the report used in the operation of the control. (AS 2201.42 and .44)) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing two controls that consisted of the component's review of contracts including the review of new and modified contracts for appropriate revenue recognition. The firm did not (1) evaluate the specific review procedures that the control owner performed to assess the appropriateness of revenue recognition and (2) test an aspect of the control over the accuracy of the report used in the operation of the control. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 1105 10 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing two controls that consisted of the component's review of contracts including the review of new and modified contracts for appropriate revenue recognition. For the other control the firm did not test or test any controls over the completeness of the contract listing from which it made its selections to test the control. (AS 1105.10) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing two controls that consisted of the component's review of contracts including the review of new and modified contracts for appropriate revenue recognition. For the other control the firm did not test or test any controls over the completeness of the contract listing from which it made its selections to test the control. (AS 1105.10) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 39 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of invoices. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the control. (AS 2201.39) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 39 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of invoices. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the control. (AS 2201.39) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 44 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of manual journal entries. The firm did not sufficiently test the operating effectiveness of this control because it made its selections to test the control from an incomplete population of journal entries. (AS 2201.44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of manual journal entries. The firm did not sufficiently test the operating effectiveness of this control because it made its selections to test the control from an incomplete population of journal entries. (AS 2201.44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 39 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of manual journal entries. The firm did not identify and test any controls over the component's recording of the manual journal entries in the general ledger. (AS 2201.39) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 39 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of manual journal entries. The firm did not identify and test any controls over the component's recording of the manual journal entries in the general ledger. (AS 2201.39) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 42 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of financial information. The firm did not evaluate the review procedures that the control owners performed to identify items for follow up. Further the firm did not sufficiently evaluate whether items identified for follow up were appropriately resolved because it limited its testing to one item. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 42 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of financial information. The firm did not evaluate the review procedures that the control owners performed to identify items for follow up. Further the firm did not sufficiently evaluate whether items identified for follow up were appropriately resolved because it limited its testing to one item. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 44 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of financial information. The firm did not evaluate the review procedures that the control owners performed to identify items for follow up. Further the firm did not sufficiently evaluate whether items identified for follow up were appropriately resolved because it limited its testing to one item. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 44 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of financial information. The firm did not evaluate the review procedures that the control owners performed to identify items for follow up. Further the firm did not sufficiently evaluate whether items identified for follow up were appropriately resolved because it limited its testing to one item. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2201 44 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of gross receivables. The firm did not sufficiently test the operating effectiveness of the control because it did not test an aspect of the control related to certain receivables. (AS 2201.44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 44 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of gross receivables. The firm did not sufficiently test the operating effectiveness of the control because it did not test an aspect of the control related to certain receivables. (AS 2201.44) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2201 39 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of gross receivables. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the control. (AS 2201.39) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 39 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm selected for testing a control that consisted of the component's review of gross receivables. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the control. (AS 2201.39) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 10 AS 2301 8 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the appropriateness of certain revenue recognized for new and modified customer contracts. (AS 2301.08) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2301 8 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the appropriateness of certain revenue recognized for new and modified customer contracts. (AS 2301.08) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 11 AS 2301 8 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm did not perform any substantive procedures to test the underlying revenue transactions for revenue with no relationship to accounts receivable. (AS 2301.08) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 11 AS 2301 8 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm did not perform any substantive procedures to test the underlying revenue transactions for revenue with no relationship to accounts receivable. (AS 2301.08) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 12 AS 2301 8 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2301 8 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 12 AS 2301 13 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2301 13 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 13 AS 1105 10 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm used certain data to substantively test accounts receivable but did not test or (as discussed above) test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 13 AS 1105 10 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The firm used certain data to substantively test accounts receivable but did not test or (as discussed above) test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 14 AS 2301 16 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2301 16 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 14 AS 2301 18 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2301 18 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 14 AS 2301 37 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2301 37 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 14 AS 2315 19 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2315 19 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 14 AS 2315 23 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2315 23 A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 14 AS 2315 23A A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2315 23A A component of the issuer (“component”) entered into contracts with customers in which revenue was recognized over time based on the extent of progress towards completion of the performance obligation. The following deficiency was identified: · The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Other Liabilities 15 AS 2201 39 The firm did not identify and test any controls over certain other liabilities for the component. (AS 2201.39) Triennially Inspected 1263 Ernst & Young LLP 2022 Canada Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Other Liabilities 16 AS 2301 8 The firm did not perform any substantive procedures to test certain other liabilities. (AS 2301.08) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The firm selected for testing controls over accounts receivable at five of the issuer's locations including certain automated and manual controls related to the matching of cash receipts to the corresponding invoices and application of the receipts to the correct accounts receivable balances. For four of these locations the issuer changed from a manual cash application control to an automated cash application control during the first quarter of the year. The automated control included a manual element that used system-generated reports to identify investigate and apply cash receipts that were not automatically processed. The following deficiency was identified: · For four locations the firm did not perform sufficient procedures to test the automated control because the firm did not (1) evaluate whether the control was configurable or programmable within the system and (2) perform procedures to test the configuration or program of the control as applicable. Further the firm did not test each relevant scenario of the automated control to ensure the system processed transactions as designed. (AS 2201.42 and 44) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The firm selected for testing controls over accounts receivable at five of the issuer's locations including certain automated and manual controls related to the matching of cash receipts to the corresponding invoices and application of the receipts to the correct accounts receivable balances. For four of these locations the issuer changed from a manual cash application control to an automated cash application control during the first quarter of the year. The automated control included a manual element that used system-generated reports to identify investigate and apply cash receipts that were not automatically processed. The following deficiency was identified: · For four locations the firm did not perform sufficient procedures to test the automated control because the firm did not (1) evaluate whether the control was configurable or programmable within the system and (2) perform procedures to test the configuration or program of the control as applicable. Further the firm did not test each relevant scenario of the automated control to ensure the system processed transactions as designed. (AS 2201.42 and 44) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The firm selected for testing controls over accounts receivable at five of the issuer's locations including certain automated and manual controls related to the matching of cash receipts to the corresponding invoices and application of the receipts to the correct accounts receivable balances. For four of these locations the issuer changed from a manual cash application control to an automated cash application control during the first quarter of the year. The automated control included a manual element that used system-generated reports to identify investigate and apply cash receipts that were not automatically processed. The following deficiency was identified: · For four locations the firm did not perform any procedures to test the manual element of the control when cash receipts were not automatically applied. (AS 2201.39) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The firm selected for testing controls over accounts receivable at five of the issuer's locations including certain automated and manual controls related to the matching of cash receipts to the corresponding invoices and application of the receipts to the correct accounts receivable balances. For four of these locations the issuer changed from a manual cash application control to an automated cash application control during the first quarter of the year. The automated control included a manual element that used system-generated reports to identify investigate and apply cash receipts that were not automatically processed. The following deficiency was identified: · For one location the firm did not identify and test any controls that addressed whether cash receipts were matched to corresponding invoices and applied to the correct accounts receivable balances. (AS 2201.39) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 16 The firm's procedures to test the existence and valuation of accounts receivable at these five locations included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures and placing reliance on controls. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach (AS 2315.16 .19 .23 and .23A). Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 19 The firm's procedures to test the existence and valuation of accounts receivable at these five locations included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures and placing reliance on controls. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach (AS 2315.16 .19 .23 and .23A). Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23 The firm's procedures to test the existence and valuation of accounts receivable at these five locations included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures and placing reliance on controls. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach (AS 2315.16 .19 .23 and .23A). Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23A The firm's procedures to test the existence and valuation of accounts receivable at these five locations included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures and placing reliance on controls. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach (AS 2315.16 .19 .23 and .23A). Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2301 16 The firm's procedures to test the existence and valuation of accounts receivable at these five locations included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures and placing reliance on controls. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the procedures performed to test accounts receivable were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2301 18 The firm's procedures to test the existence and valuation of accounts receivable at these five locations included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures and placing reliance on controls. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the procedures performed to test accounts receivable were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2301 37 The firm's procedures to test the existence and valuation of accounts receivable at these five locations included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures and placing reliance on controls. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the procedures performed to test accounts receivable were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 19 The firm's procedures to test the existence and valuation of accounts receivable at these five locations included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures and placing reliance on controls. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the procedures performed to test accounts receivable were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 23 The firm's procedures to test the existence and valuation of accounts receivable at these five locations included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures and placing reliance on controls. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the procedures performed to test accounts receivable were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 23A The firm's procedures to test the existence and valuation of accounts receivable at these five locations included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures and placing reliance on controls. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the procedures performed to test accounts receivable were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer entered into contracts with customers and recognized revenue based on the contractual terms of each contract entered into its accounting system. The issuer also prepared credit notes for adjustments to revenue. The following deficiency was identified: · The firm selected for testing a control over revenue that consisted of management's review of a selection of customer contracts including their respective contractual terms. The firm did not sufficiently evaluate the specific review procedures that the control owner performed to review the contractual terms of the selected contracts because the firm's procedures were limited to management's review of only one term within the contracts. (AS 2201.42 and .44) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer entered into contracts with customers and recognized revenue based on the contractual terms of each contract entered into its accounting system. The issuer also prepared credit notes for adjustments to revenue. The following deficiency was identified: · The firm selected for testing a control over revenue that consisted of management's review of a selection of customer contracts including their respective contractual terms. The firm did not sufficiently evaluate the specific review procedures that the control owner performed to review the contractual terms of the selected contracts because the firm's procedures were limited to management's review of only one term within the contracts. (AS 2201.42 and .44) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 48 The issuer entered into contracts with customers and recognized revenue based on the contractual terms of each contract entered into its accounting system. The issuer also prepared credit notes for adjustments to revenue. The following deficiency was identified: · The firm selected for testing a control over revenue that consisted of management's review of a selection of customer contracts including their respective contractual terms. The firm identified deviations in the operation of this control but did not determine the effect of these deviations on the operating effectiveness of the control. (AS 2201.48) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer entered into contracts with customers and recognized revenue based on the contractual terms of each contract entered into its accounting system. The issuer also prepared credit notes for adjustments to revenue. The following deficiency was identified: · The firm did not identify and test any controls over the entry of contract information including contractual terms into the accounting system that were used to recognize revenue. (AS 2201.39) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 48 The issuer entered into contracts with customers and recognized revenue based on the contractual terms of each contract entered into its accounting system. The issuer also prepared credit notes for adjustments to revenue. The following deficiency was identified: · The firm selected for testing another control over revenue that consisted of management's review of credit notes. The firm identified deviations in the operation of this control but did not determine the effect of these deviations on the operating effectiveness of the control. (AS 2201.48) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 16 The firm's procedures to test the existence and valuation of accounts receivable included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 19 The firm's procedures to test the existence and valuation of accounts receivable included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 23 The firm's procedures to test the existence and valuation of accounts receivable included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1433 Ernst & Young AB 2022 Sweden Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 23A The firm's procedures to test the existence and valuation of accounts receivable included selecting a sample of customer invoices for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over accounts receivable because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1460 Ernst & Young AG 2022 Switzerland Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The principal auditor instructed the firm to test a control that consisted of the issuer's quarterly review of the gross margin by product for certain revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1460 Ernst & Young AG 2022 Switzerland Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The principal auditor instructed the firm to test a control that consisted of the issuer's quarterly review of the gross margin by product for certain revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1460 Ernst & Young AG 2022 Switzerland Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The principal auditor instructed the firm to test a control that consisted of the issuer's quarterly review of the gross margin by product for certain revenue. The number of quarters selected for testing did not provide sufficient appropriate audit evidence because the firm did not test the number of quarters that it determined necessary. (AS 2201.46) Triennially Inspected 1460 Ernst & Young AG 2022 Switzerland Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 16 The firm's procedures to test the valuation of certain inventory included selecting a sample of inventory items for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over this inventory because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1460 Ernst & Young AG 2022 Switzerland Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 19 The firm's procedures to test the valuation of certain inventory included selecting a sample of inventory items for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over this inventory because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1460 Ernst & Young AG 2022 Switzerland Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23 The firm's procedures to test the valuation of certain inventory included selecting a sample of inventory items for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over this inventory because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 1460 Ernst & Young AG 2022 Switzerland Ernst & Young Global Limited 2023-10-26T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23A The firm's procedures to test the valuation of certain inventory included selecting a sample of inventory items for testing using a sampling approach that was based on obtaining a certain level of audit evidence from its other substantive procedures. The sample size the firm used was too small to provide sufficient appropriate audit evidence over this inventory because the firm's other substantive procedures did not provide the level of substantive evidence needed to support its sampling approach. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1101 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1105 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 10 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2110 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2301 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2401 57 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2410 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2415 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2805 5 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 30 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 31 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures and an independence memorandum. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1101 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1105 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 10 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2105 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2110 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2301 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2401 57 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2410 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2415 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 5 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 30 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a preliminary material level certain risk assessment procedures confirmation of a related party transaction and confirmation of shareholder listings. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members until after the report release date to evaluate whether with respect to the significant or fraud risks the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05; AS 1215.15) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members until after the report release date to evaluate whether with respect to the significant or fraud risks the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05; AS 1215.15) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1215 15 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members until after the report release date to evaluate whether with respect to the significant or fraud risks the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05; AS 1215.15) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2810 30 During the year the issuer acquired a business. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer (1) not measuring the acquisition consideration as of the acquisition date and (2) allocating the purchase price using the book value of assets acquired and liabilities assumed which was not in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for the business combination and concluded that a material misstatement existed related to the measurement of the acquisition consideration that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2810 30 During the year the issuer acquired a business. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures that are required by FASB ASC Topic 805. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for the business combination and concluded that a material misstatement existed related to the measurement of the acquisition consideration that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2810 31 During the year the issuer acquired a business. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures that are required by FASB ASC Topic 805. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for the business combination and concluded that a material misstatement existed related to the measurement of the acquisition consideration that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2301 8 During the year the issuer acquired a business. The following deficiency was identified: · The firm did not perform any substantive procedures to determine whether the issuer identified and recorded all assets acquired. (AS 2301.08) Unrelated to our review the issuer reevaluated its accounting for the business combination and concluded that a material misstatement existed related to the measurement of the acquisition consideration that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members until after the report release date to evaluate whether with respect to substantially all of the auditing procedures the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05; AS 1215.15) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members until after the report release date to evaluate whether with respect to substantially all of the auditing procedures the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05; AS 1215.15) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1215 15 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members until after the report release date to evaluate whether with respect to substantially all of the auditing procedures the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05; AS 1215.15) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the performance obligations were satisfied before certain revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 6117 Heaton & Company, PLLC 2022 United States 2023-10-26T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform any substantive procedures to evaluate whether the performance obligations were satisfied before certain revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 6359 Fontanella Associates LLC CPA & Consulting Firm 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 16 The issuer determined the qualitative component of the ALL by applying basis points for qualitative factors to each loan type. The firm's approach for substantively testing the qualitative component was to test the issuer's process. The following deficiency was identified: · The firm did not evaluate the reasonableness of the significant assumptions the issuer used to develop this component. (AS 2501.16) Triennially Inspected 6359 Fontanella Associates LLC CPA & Consulting Firm 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 1105 10 The issuer determined the qualitative component of the ALL by applying basis points for qualitative factors to each loan type. The firm's approach for substantively testing the qualitative component was to test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures to test the accuracy and/or completeness of reports from the issuer's systems that the firm used in its substantive procedures. (AS 1105.10) Triennially Inspected 6359 Fontanella Associates LLC CPA & Consulting Firm 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Loans 3 AS 1105 4 The firm did not perform any procedures to evaluate the relevance and reliability of data from an external source that it used in its substantive procedures to test loans. (AS 1105.04 and .06) Triennially Inspected 6359 Fontanella Associates LLC CPA & Consulting Firm 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Loans 3 AS 1105 6 The firm did not perform any procedures to evaluate the relevance and reliability of data from an external source that it used in its substantive procedures to test loans. (AS 1105.04 and .06) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2301 8 The issuer had multiple subsidiaries. During the year the issuer entered into a certain type of transaction through one of its subsidiaries. The following deficiency was identified: · The firm did not evaluate whether the issuer's accounting for the transactions was appropriate. (AS 2301.08) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 1105 4 The issuer had multiple subsidiaries. During the year the issuer entered into a certain type of transaction through one of its subsidiaries. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain information it used as audit evidence including taking into account the issuer's circumstances and other relevant conditions. (AS 1105.04 and .06; AS 2501.29) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 1105 6 The issuer had multiple subsidiaries. During the year the issuer entered into a certain type of transaction through one of its subsidiaries. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain information it used as audit evidence including taking into account the issuer's circumstances and other relevant conditions. (AS 1105.04 and .06; AS 2501.29) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2501 29 The issuer had multiple subsidiaries. During the year the issuer entered into a certain type of transaction through one of its subsidiaries. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain information it used as audit evidence including taking into account the issuer's circumstances and other relevant conditions. (AS 1105.04 and .06; AS 2501.29) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2405 10 The issuer had multiple subsidiaries. During the year the issuer entered into a certain type of transaction through one of its subsidiaries. The following deficiency was identified: · The firm did not evaluate whether the nature of these transactions required the firm to take any action in response to certain information regarding this transaction that indicated a possible illegal act. (AS 2405.10) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2401 67 The issuer had multiple subsidiaries. During the year the issuer entered into a certain type of transaction through one of its subsidiaries. The following deficiency was identified: · The firm did not evaluate whether the business purpose (or lack thereof) of these transactions indicated that the transactions may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets. (AS 2401.67) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment 5 AS 2301 8 The firm did not perform sufficient procedures to evaluate the issuer's qualitative assessment of potential impairment indicators to test the valuation of an investment because the firm did not address certain inconsistencies in the issuer's assessment. (AS 2301.08) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment 6 AS 2401 67 In addition the firm did not evaluate whether the business purpose (or lack thereof) of the investment transaction indicated that it may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets. (AS 2401.67) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2401 61 For certain subsidiaries the firm did not perform any procedures to identify and select journal entries and other adjustments for testing for evidence of possible material misstatement due to fraud without having an appropriate basis for excluding those subsidiaries. (AS 2401.61) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm did not perform procedures to evaluate whether the recognition of revenue and related disclosures regarding the number of performance obligations in the financial statements were in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm did not perform procedures to evaluate whether the recognition of revenue and related disclosures regarding the number of performance obligations in the financial statements were in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 6413 ZH CPA, LLC 2023 United States 2023-10-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 31 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 1 AS 2410 17 The issuer converted preferred stock held by a related party into common stock subsequent to year end. The firm did not identify and evaluate a departure from GAAP related to the issuer recording the conversion of the preferred stock in the current year. (AS 2410.17; AS 2810.30 and 31) In connection with our review the issuer reevaluated its accounting for the conversion of preferred stock and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 1 AS 2810 30 The issuer converted preferred stock held by a related party into common stock subsequent to year end. The firm did not identify and evaluate a departure from GAAP related to the issuer recording the conversion of the preferred stock in the current year. (AS 2410.17; AS 2810.30 and 31) In connection with our review the issuer reevaluated its accounting for the conversion of preferred stock and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 1 AS 2810 31 The issuer converted preferred stock held by a related party into common stock subsequent to year end. The firm did not identify and evaluate a departure from GAAP related to the issuer recording the conversion of the preferred stock in the current year. (AS 2410.17; AS 2810.30 and 31) In connection with our review the issuer reevaluated its accounting for the conversion of preferred stock and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 2 AS 2410 17 The firm did not perform any substantive procedures to test the disclosures related to the conversion terms of this preferred stock. (AS 2410.17) Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 3 AS 2410 17 In connection with our review the issuer reevaluated its disclosure for this related party transaction and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of required disclosure of a related party transaction in conformity with FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 3 AS 2810 30 In connection with our review the issuer reevaluated its disclosure for this related party transaction and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of required disclosure of a related party transaction in conformity with FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 3 AS 2810 31 In connection with our review the issuer reevaluated its disclosure for this related party transaction and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of required disclosure of a related party transaction in conformity with FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 4 AS 2410 17 The issuer issued common stock to related parties in exchange for certain services. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's determination of the grant date for the issuance of certain common stock. (AS 2410.17) Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 5 AS 2410 17 The issuer issued common stock to related parties in exchange for certain services. The following deficiency was identified: · The firm did not evaluate whether the related compensation expense was recorded in the appropriate period at the appropriate amount. (AS 2410.17) Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 6 AS 2410 12 The issuer issued common stock to related parties in exchange for certain services. The following deficiency was identified: · The firm did not perform procedures to test certain other stock-based compensation expense beyond obtaining approval of the issuance of the underlying common stock and testing the mathematical accuracy of the issuer's calculation of this expense. (AS 2410.12) Triennially Inspected 6631 Qi CPA LLC 2023 United States 2023-10-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions Fraud Risk 7 AS 2410 12 The issuer settled all debts from prior related parties as part of a stock purchase agreement and recognized a gain on the forgiveness of these debts. The firm did not perform procedures to test this transaction beyond obtaining the executed stock purchase agreement and the journal entry. (AS 2410.12) Triennially Inspected 273 Prager Metis CPAs, LLC 2022 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The engagement partner did not sufficiently review the work of engagement team members to evaluate whether the work was performed and documented the objectives of the procedures were achieved and the results of the work supported the conclusions reached because the engagement partner did not clear all review notes. Further the engagement partner reviewed audit programs in which certain steps (1) were signed off as having been completed when the related procedures were not documented in the work papers or (2) were inappropriately identified as being not applicable and thus not performed. (AS 1201.05) Triennially Inspected 273 Prager Metis CPAs, LLC 2022 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Financial Reporting Process Fraud Risk 2 AS 2301 41 The firm did not reconcile the financial statements with the underlying accounting records and examine material adjustments made during the course of preparing the financial statements. (AS 2301.41) Triennially Inspected 273 Prager Metis CPAs, LLC 2022 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 3 AS 2301 8 The firm did not evaluate the appropriateness of the issuer's presentation of certain accounts related to revenue. (AS 2301.08 and .11) Triennially Inspected 273 Prager Metis CPAs, LLC 2022 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 3 AS 2301 11 The firm did not evaluate the appropriateness of the issuer's presentation of certain accounts related to revenue. (AS 2301.08 and .11) Triennially Inspected 273 Prager Metis CPAs, LLC 2022 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 4 AS 2810 30 The firm did not identify and evaluate a GAAP departure related to the issuer's omission of certain disclosures related to revenue as required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 273 Prager Metis CPAs, LLC 2022 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 4 AS 2810 31 The firm did not identify and evaluate a GAAP departure related to the issuer's omission of certain disclosures related to revenue as required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 273 Prager Metis CPAs, LLC 2022 United States 2023-10-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Preferred Stock 1 AS 2301 8 The firm did not evaluate whether the issuer's classification of certain preferred stock as permanent equity was in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity and FASB ASC Topic 815 Derivatives and Hedging given the issuer did not have enough authorized and unissued shares available to satisfy its obligations to issue shares of common stock upon exercise and the conversion of financial instruments. (AS 2301.08 Triennially Inspected 694 Hoberman & Lesser, CPA's, LLP 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 1 AS 1105 A8a The issuer engaged a specialist to determine the fair value of certain assets and liabilities using assumptions developed by the issuer and specialist. The firm's approach for substantively testing the fair value of these assets and liabilities was to test the issuer's process. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reliability of certain information the company's specialist used to develop certain significant assumptions. (AS 1105.A8a) Triennially Inspected 694 Hoberman & Lesser, CPA's, LLP 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 2 AS 1105 A8b The issuer engaged a specialist to determine the fair value of certain assets and liabilities using assumptions developed by the issuer and specialist. The firm's approach for substantively testing the fair value of these assets and liabilities was to test the issuer's process. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of certain significant assumptions developed and used by the company's specialist. (AS 1105.A8b) Triennially Inspected 694 Hoberman & Lesser, CPA's, LLP 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 3 AS 2501 16 The issuer engaged a specialist to determine the fair value of certain assets and liabilities using assumptions developed by the issuer and specialist. The firm's approach for substantively testing the fair value of these assets and liabilities was to test the issuer's process. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 2501.16) Triennially Inspected 694 Hoberman & Lesser, CPA's, LLP 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 4 AS 1105 A8a The issuer engaged a specialist to determine the fair value of certain assets and liabilities using assumptions developed by the issuer and specialist. The firm's approach for substantively testing the fair value of these assets and liabilities was to test the issuer's process. The following deficiency was identified: · The firm did not perform any substantive procedures to test the accuracy and completeness of certain issuer-produced information the company's specialist used to develop a significant assumption. (AS 1105.A8a) Triennially Inspected 694 Hoberman & Lesser, CPA's, LLP 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 5 AS 2501 7 The firm did not perform substantive procedures beyond inquiry to test the fair value of certain other assets and liabilities. (AS 2501.07) Triennially Inspected 694 Hoberman & Lesser, CPA's, LLP 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 6 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of required disclosures related to certain assets and liabilities. (AS 2810.30 and .31) Triennially Inspected 694 Hoberman & Lesser, CPA's, LLP 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities Significant Risk 6 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of required disclosures related to certain assets and liabilities. (AS 2810.30 and .31) Triennially Inspected 694 Hoberman & Lesser, CPA's, LLP 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy and completeness of certain system-generated data that it used to test certain revenue. (AS 1105.10) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 39 The firm selected for testing controls that consisted of the issuer's reviews of (1) additions to property plant and equipment (PP&E) and whether those costs were allocated to the appropriate project within the issuer's accounting system and (2) PP&E write-offs and whether those write-offs were appropriately supported and approved. The firm did not identify and test any controls over the completeness of the system-generated reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test additions to and write-offs of PP&E were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test additions to and write-offs of PP&E were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test additions to and write-offs of PP&E were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test additions to and write-offs of PP&E were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test additions to and write-offs of PP&E were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test additions to and write-offs of PP&E were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 30 The firm did not identify and evaluate a departure from IFRS related to the issuer's use of (1) post-tax future cash flows and a post-tax discount rate (2) future cash flows that included cash flows of certain forecasted divestments and (3) for the cash-generating units ('CGUs') of one segment estimated future cash flows occurring subsequent to the expiration of lease contracts that were not reasonably certain of being renewed to estimate the value-in-use ('VIU') of its CGUs to evaluate long-lived assets for impairment which was not in conformity with International Accounting Standard 36 Impairment of Assets. (AS 2810.30) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 39 The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the inputs methods and assumptions used in the issuer's VIU and depreciation and amortization rate calculations for one of its segments the following additional deficiency was identified: · The firm selected for testing controls that consisted of the issuer's reviews of certain issuer-produced data and assumptions used by a (1) company-employed specialist to develop certain inputs and (2) company-engaged specialist to evaluate certain of those inputs. The firm did not identify and test any controls over the completeness of certain reports and the accuracy and completeness of certain other reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2201 39 The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the inputs methods and assumptions used in the issuer's VIU and depreciation and amortization rate calculations for one of its segments the following additional deficiency was identified: · The firm did not identify and test any controls over the (1) accuracy and completeness of certain issuer-produced data (2) reasonableness of certain assumptions and (3) appropriateness of the methods used by the (1) company-employed specialist to develop certain inputs and (2) company-engaged specialist to evaluate certain of those inputs. (AS 2201.39) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2301 8 The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the inputs methods and assumptions used in the issuer's VIU and depreciation and amortization rate calculations for one of its segments the following additional deficiency was identified: · The firm did not perform procedures beyond inquiry of management to evaluate the appropriateness of an input including taking into consideration the issuer's ability to carry out its stated intentions. (AS 2301.08) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 7 AS 1105 A8a The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the inputs methods and assumptions used in the issuer's VIU and depreciation and amortization rate calculations for one of its segments the following additional deficiency was identified: · The firm did not test the accuracy and completeness of certain issuer-produced data used by the (1) company-employed specialist to develop certain inputs and (2) company-engaged specialist to evaluate certain of those inputs. (AS 1105.A8a) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 8 AS 1105 A8b The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the inputs methods and assumptions used in the issuer's VIU and depreciation and amortization rate calculations for one of its segments the following additional deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of significant assumptions used by the (1) company-employed specialist to develop certain inputs and (2) company-engaged specialist to evaluate certain of those inputs. (AS 2501.16; AS 1105.A8b) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 8 AS 2501 16 The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the inputs methods and assumptions used in the issuer's VIU and depreciation and amortization rate calculations for one of its segments the following additional deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of significant assumptions used by the (1) company-employed specialist to develop certain inputs and (2) company-engaged specialist to evaluate certain of those inputs. (AS 2501.16; AS 1105.A8b) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 1105 A8c The firm's approach for substantively testing the valuation of long-lived assets was to test the issuer's process. With respect to the inputs methods and assumptions used in the issuer's VIU and depreciation and amortization rate calculations for one of its segments the following additional deficiency was identified: · The firm did not evaluate whether the methods used by the (1) company-employed specialist to develop certain inputs and (2) company-engaged specialist to evaluate certain of those inputs were appropriate under the circumstances taking into consideration the requirements of IFRS. (AS 1105.A8c) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 42 The issuer recognized certain revenue upon delivery of the sold product to the customer. Pursuant to the customer contracts the quantity of products sold and delivered was measured using measuring equipment at the issuer's locations. The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's evaluation of the equipment used to measure inventory quantity on hand and inventory quantity delivered to each customer to determine whether it was appropriately maintained and operating correctly. The firm did not evaluate the specific review procedures that the control owners performed to determine whether the equipment was accurately measuring the quantity of products delivered to each customer. (AS 2201.42 and .44) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 44 The issuer recognized certain revenue upon delivery of the sold product to the customer. Pursuant to the customer contracts the quantity of products sold and delivered was measured using measuring equipment at the issuer's locations. The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's evaluation of the equipment used to measure inventory quantity on hand and inventory quantity delivered to each customer to determine whether it was appropriately maintained and operating correctly. The firm did not evaluate the specific review procedures that the control owners performed to determine whether the equipment was accurately measuring the quantity of products delivered to each customer. (AS 2201.42 and .44) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2201 39 The issuer recognized certain revenue upon delivery of the sold product to the customer. Pursuant to the customer contracts the quantity of products sold and delivered was measured using measuring equipment at the issuer's locations. The following deficiency was identified: · The firm selected for testing another control that consisted of management's review of the reconciliation of the quantity of products sold in the revenue system to the quantity of products delivered in the issuer's inventory management system. The firm did not identify and test any controls over the accuracy and completeness of the system-generated reports used in the operation of this control. (AS 2201.39) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes Ltda. 2022 Brazil KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1401 Mazars LLP 2022 United Kingdom 2023-10-16T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm selected revenue transactions for testing. The following deficiency was identified: · The firm did not perform any procedures to test or test any controls over the completeness of the listing from which revenue transactions were selected for testing. (AS 1105.10) Triennially Inspected 1401 Mazars LLP 2022 United Kingdom 2023-10-16T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm selected revenue transactions for testing. The following deficiency was identified: · The firm did not perform procedures to evaluate whether (1) performance obligations were appropriately identified (2) the allocation of revenue between performance obligations was appropriate and (3) appropriate amounts were deferred. (AS 2301.08 and .13) Triennially Inspected 1401 Mazars LLP 2022 United Kingdom 2023-10-16T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm selected revenue transactions for testing. The following deficiency was identified: · The firm did not perform procedures to evaluate whether (1) performance obligations were appropriately identified (2) the allocation of revenue between performance obligations was appropriate and (3) appropriate amounts were deferred. (AS 2301.08 and .13) Triennially Inspected 1401 Mazars LLP 2022 United Kingdom 2023-10-16T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not sufficiently test the completeness of deferred revenue because the firm selected transactions for testing from items recorded as deferred revenue. (AS 2301.08 and .13) Triennially Inspected 1401 Mazars LLP 2022 United Kingdom 2023-10-16T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm did not sufficiently test the completeness of deferred revenue because the firm selected transactions for testing from items recorded as deferred revenue. (AS 2301.08 and .13) Triennially Inspected 1401 Mazars LLP 2022 United Kingdom 2023-10-16T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2301 8 The firm did not evaluate whether the accounting for inventory was in conformity with GAAP including whether capitalizable costs were allocated to ending inventory in conformity with FASB ASC Subtopic 330-10-30 Inventory — Overall — Initial Measurement. (AS 2301.08) Triennially Inspected 1401 Mazars LLP 2022 United Kingdom 2023-10-16T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2301 8 The firm did not perform any procedures beyond inquiry of management to test the existence of certain inventory held in offsite locations. (AS 2301.08) Triennially Inspected 1467 EY Bedrijfsrevisoren BV 2022 Belgium Ernst & Young Global Limited 2023-10-16T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm's approach for substantively testing revenue consisted primarily of performing software-assisted analyses to test the relationships among revenue deferred revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The firm did not perform sufficient procedures to test the accuracy and completeness of this data because the sample sizes the firm used to test the data were smaller than the sample sizes the firm determined necessary for these procedures. (AS 1105.10) Triennially Inspected 1467 EY Bedrijfsrevisoren BV 2022 Belgium Ernst & Young Global Limited 2023-10-16T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2301 8 The issuer's accounts receivable included certain credit balances that were reclassified as liabilities of the issuer. The firm did not perform any substantive procedures to obtain an understanding of the nature of certain of these credit balances and evaluate whether they represented valid obligations of the issuer. (AS 2301.08) Triennially Inspected 5070 KPMG SAS 2022 Colombia KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 1201 C6 The issuer reported certain investment securities at fair value and classified them as Level 1 and Level 2 securities in the fair value hierarchy in accordance with IFRS 13 Fair Value Measurement. The firm's approach for substantively testing the classification of these securities was to use an auditor-employed specialist to evaluate the appropriateness of the issuer's methodology for determining the fair value hierarchy levels and develop an independent expectation of the securities that were classified as Level 1. The firm did not sufficiently test the classification of these securities because it did not identify that the auditor-employed specialist did not compare its independent expectation to the securities that the issuer classified as Level 1 and evaluate the differences. (AS 1201.C6 and .C7; AS 2501.26; AS 2810.13) Triennially Inspected 5070 KPMG SAS 2022 Colombia KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 1201 C7 The issuer reported certain investment securities at fair value and classified them as Level 1 and Level 2 securities in the fair value hierarchy in accordance with IFRS 13 Fair Value Measurement. The firm's approach for substantively testing the classification of these securities was to use an auditor-employed specialist to evaluate the appropriateness of the issuer's methodology for determining the fair value hierarchy levels and develop an independent expectation of the securities that were classified as Level 1. The firm did not sufficiently test the classification of these securities because it did not identify that the auditor-employed specialist did not compare its independent expectation to the securities that the issuer classified as Level 1 and evaluate the differences. (AS 1201.C6 and .C7; AS 2501.26; AS 2810.13) Triennially Inspected 5070 KPMG SAS 2022 Colombia KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2501 26 The issuer reported certain investment securities at fair value and classified them as Level 1 and Level 2 securities in the fair value hierarchy in accordance with IFRS 13 Fair Value Measurement. The firm's approach for substantively testing the classification of these securities was to use an auditor-employed specialist to evaluate the appropriateness of the issuer's methodology for determining the fair value hierarchy levels and develop an independent expectation of the securities that were classified as Level 1. The firm did not sufficiently test the classification of these securities because it did not identify that the auditor-employed specialist did not compare its independent expectation to the securities that the issuer classified as Level 1 and evaluate the differences. (AS 1201.C6 and .C7; AS 2501.26; AS 2810.13) Triennially Inspected 5070 KPMG SAS 2022 Colombia KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2810 13 The issuer reported certain investment securities at fair value and classified them as Level 1 and Level 2 securities in the fair value hierarchy in accordance with IFRS 13 Fair Value Measurement. The firm's approach for substantively testing the classification of these securities was to use an auditor-employed specialist to evaluate the appropriateness of the issuer's methodology for determining the fair value hierarchy levels and develop an independent expectation of the securities that were classified as Level 1. The firm did not sufficiently test the classification of these securities because it did not identify that the auditor-employed specialist did not compare its independent expectation to the securities that the issuer classified as Level 1 and evaluate the differences. (AS 1201.C6 and .C7; AS 2501.26; AS 2810.13) Triennially Inspected 5070 KPMG SAS 2022 Colombia KPMG International Cooperative 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 2 AS 2301 8 The issuer reported certain investment securities at fair value and classified them as Level 1 and Level 2 securities in the fair value hierarchy in accordance with IFRS 13 Fair Value Measurement. The firm's approach for substantively testing the classification of these securities was to use an auditor-employed specialist to evaluate the appropriateness of the issuer's methodology for determining the fair value hierarchy levels and develop an independent expectation of the securities that were classified as Level 1. The firm did not perform any procedures to evaluate whether any of the securities classified as Level 2 should have been classified as Level 3. (AS 2301.08) Triennially Inspected 5567 Carter & Company, CPA, LLC 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accruals and Other Liabilities 1 AS 2301 8 The firm did not perform procedures to test the completeness of accruals and other liabilities and expenses beyond reviewing an issuer prepared report of balance sheet transactions that occurred subsequent to the issuer's year end for unusual transactions. (AS 2301.08) Triennially Inspected 5567 Carter & Company, CPA, LLC 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2301 8 The firm did not perform procedures to test the completeness of accruals and other liabilities and expenses beyond reviewing an issuer prepared report of balance sheet transactions that occurred subsequent to the issuer's year end for unusual transactions. (AS 2301.08) Triennially Inspected 5567 Carter & Company, CPA, LLC 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 6271 Wojeski & Company CPAs, P.C. 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not evaluate the terms and conditions of agreements related to certain revenue to determine if the revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 6271 Wojeski & Company CPAs, P.C. 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not evaluate the terms and conditions of agreements related to certain revenue to determine if the revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 6271 Wojeski & Company CPAs, P.C. 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform any procedures to evaluate whether the issuer's revenue was recognized in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Triennially Inspected 6271 Wojeski & Company CPAs, P.C. 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform any procedures to evaluate whether the issuer's revenue was recognized in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Triennially Inspected 6271 Wojeski & Company CPAs, P.C. 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of external information it used to test revenue. (AS 1105.04 and .06) Triennially Inspected 6271 Wojeski & Company CPAs, P.C. 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of external information it used to test revenue. (AS 1105.04 and .06) Triennially Inspected 6271 Wojeski & Company CPAs, P.C. 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 606. (AS 2810.30 and .31 Triennially Inspected 6271 Wojeski & Company CPAs, P.C. 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 606. (AS 2810.30 and .31 Triennially Inspected 6271 Wojeski & Company CPAs, P.C. 2023 United States 2023-10-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Income Taxes 5 AS 2501 16 The firm did not perform procedures beyond inquiry and reading the issuer's analysis to evaluate the reasonableness of the significant assumptions the issuer used to determine the valuation of deferred income taxes including evaluating a significant difference between one of the significant assumptions and a similar projection in the issuer's budget. (AS 2501.16) Triennially Inspected 314 Meaden & Moore, Ltd. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Asset Significant Risk 1 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing the fair value of a significant asset was to test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 2501.16) Triennially Inspected 314 Meaden & Moore, Ltd. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Asset Significant Risk 2 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing the fair value of a significant asset was to test the issuer's process. The following deficiency was identified: · The firm did not perform substantive procedures beyond inquiry to evaluate whether the issuer had a reasonable basis for another significant assumption developed by the issuer. (AS 2501.16) Triennially Inspected 314 Meaden & Moore, Ltd. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Asset Significant Risk 3 AS 1105 4 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing the fair value of a significant asset was to test the issuer's process. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate another significant assumption the issuer used. The firm did not sufficiently evaluate the reasonableness of that significant assumption because it did not identify that the auditor-employed specialist (1) limited its procedures to evaluate the reasonableness of the significant assumption to inquiry and comparison to external data and (2) did not evaluate the relevance and reliability of the external data. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 314 Meaden & Moore, Ltd. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Asset Significant Risk 3 AS 1105 6 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing the fair value of a significant asset was to test the issuer's process. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate another significant assumption the issuer used. The firm did not sufficiently evaluate the reasonableness of that significant assumption because it did not identify that the auditor-employed specialist (1) limited its procedures to evaluate the reasonableness of the significant assumption to inquiry and comparison to external data and (2) did not evaluate the relevance and reliability of the external data. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 314 Meaden & Moore, Ltd. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Asset Significant Risk 3 AS 1201 C6 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing the fair value of a significant asset was to test the issuer's process. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate another significant assumption the issuer used. The firm did not sufficiently evaluate the reasonableness of that significant assumption because it did not identify that the auditor-employed specialist (1) limited its procedures to evaluate the reasonableness of the significant assumption to inquiry and comparison to external data and (2) did not evaluate the relevance and reliability of the external data. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 314 Meaden & Moore, Ltd. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Asset Significant Risk 3 AS 1201 C7 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing the fair value of a significant asset was to test the issuer's process. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate another significant assumption the issuer used. The firm did not sufficiently evaluate the reasonableness of that significant assumption because it did not identify that the auditor-employed specialist (1) limited its procedures to evaluate the reasonableness of the significant assumption to inquiry and comparison to external data and (2) did not evaluate the relevance and reliability of the external data. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 314 Meaden & Moore, Ltd. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Asset Significant Risk 3 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm's approach for substantively testing the fair value of a significant asset was to test the issuer's process. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate another significant assumption the issuer used. The firm did not sufficiently evaluate the reasonableness of that significant assumption because it did not identify that the auditor-employed specialist (1) limited its procedures to evaluate the reasonableness of the significant assumption to inquiry and comparison to external data and (2) did not evaluate the relevance and reliability of the external data. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 314 Meaden & Moore, Ltd. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Operating Expenses 4 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used service organizations to process payroll expense and recorded this expense based on information provided by the service organizations. The firm did not perform procedures to test certain of these payroll expenses beyond comparing the amounts to the service organization reports and/or issuer-prepared documents. (AS 2301.08) Triennially Inspected 314 Meaden & Moore, Ltd. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Operating Expenses 5 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform any substantive procedures to test certain other operating expenses. (AS 2301.08) Triennially Inspected 536 Morison Cogen LLP 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 536 Morison Cogen LLP 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any substantive procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 536 Morison Cogen LLP 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The firm did not perform any procedures to evaluate the relevance and reliability of the external information it used to test revenue. (AS 1105.04 and .06) Triennially Inspected 536 Morison Cogen LLP 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The firm did not perform any procedures to evaluate the relevance and reliability of the external information it used to test revenue. (AS 1105.04 and .06) Triennially Inspected 536 Morison Cogen LLP 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2510 14 The issuer held certain inventory at external warehouses. The firm did not perform sufficient procedures to test the existence of this inventory because it limited its procedures to confirming the quantities of this inventory with the external warehouses. (AS 2510.14) Triennially Inspected 536 Morison Cogen LLP 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2501 7 The issuer reported a reserve for excess and obsolete inventory. The firm did not perform procedures to test this reserve beyond performing recalculations of certain amounts. (AS 2501.07) Triennially Inspected 536 Morison Cogen LLP 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 536 Morison Cogen LLP 2023 United States 2023-09-28T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Common Stock 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the fair market value of common stock issued for (1) private placement shares and (2) commitment shares. The firm did not test the operating effectiveness of this control for commitment shares. (AS 2201.44) Triennially Inspected 536 Morison Cogen LLP 2023 United States 2023-09-28T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Common Stock 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of equity schedules. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 536 Morison Cogen LLP 2023 United States 2023-09-28T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Common Stock 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of equity schedules. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 The issuer recognized revenue from finance leases. The firm did not identify and evaluate a departure from IFRS related to the issuer's exclusion of the present value of the exercise price of purchase options in determining the lease payments as required by IFRS 16 Leases. (AS 2810.30) In connection with our review the issuer reevaluated its accounting for revenue from finance leases and determined a misstatement existed that had not been previously identified. The issuer did not file an amended Form 20-F or Form 6-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the prior-period financial statements. Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 The firm did not identify and evaluate a departure from IFRS related to the issuer's incorrect disclosure that all proceeds from government grants were included in vehicle sales revenue when certain of those proceeds were included in finance lease revenue. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures regarding government grants and determined that misstatements existed in disclosures that had not been previously identified. The issuer did not file an amended Form 20-F or Form 6-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the disclosures. Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 31 The firm did not identify and evaluate a departure from IFRS related to the issuer's incorrect disclosure that all proceeds from government grants were included in vehicle sales revenue when certain of those proceeds were included in finance lease revenue. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures regarding government grants and determined that misstatements existed in disclosures that had not been previously identified. The issuer did not file an amended Form 20-F or Form 6-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the disclosures. Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not perform procedures to evaluate the disclosures of vouchers from government programs as 'government grants' that may have suggested that the 'grants' were for the economic benefit of the issuer and that IAS 20 Accounting for Government Grants and Disclosure of Government Assistance was applicable. (AS 2301.08) In connection with our review the issuer reevaluated its disclosures regarding government grants and determined that misstatements existed in disclosures that had not been previously identified. The issuer did not file an amended Form 20-F or Form 6-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the disclosures. Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Accounts Fraud Risk 4 AS 2301 8 The firm did not perform sufficient procedures to test revenue recognized based on vouchers from government programs because it did not obtain evidence that these vouchers were approved by the government or received by the issuer. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The firm did not perform sufficient procedures to test revenue recognized based on vouchers from government programs because it did not obtain evidence that these vouchers were approved by the government or received by the issuer. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Accounts Fraud Risk 4 AS 2301 13 The firm did not perform sufficient procedures to test revenue recognized based on vouchers from government programs because it did not obtain evidence that these vouchers were approved by the government or received by the issuer. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The firm did not perform sufficient procedures to test revenue recognized based on vouchers from government programs because it did not obtain evidence that these vouchers were approved by the government or received by the issuer. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Accounts Fraud Risk 5 AS 2301 8 The firm did not perform procedures to test the market interest rate used to determine the present value of lease payments beyond comparing it to the rate used by the issuer in the prior year. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 The firm did not perform procedures to test the market interest rate used to determine the present value of lease payments beyond comparing it to the rate used by the issuer in the prior year. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Accounts Fraud Risk 5 AS 2301 13 The firm did not perform procedures to test the market interest rate used to determine the present value of lease payments beyond comparing it to the rate used by the issuer in the prior year. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 13 The firm did not perform procedures to test the market interest rate used to determine the present value of lease payments beyond comparing it to the rate used by the issuer in the prior year. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Accounts Fraud Risk 6 AS 2301 8 The firm did not perform procedures to test the installation dates for certain of the leases entered into during the year. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 8 The firm did not perform procedures to test the installation dates for certain of the leases entered into during the year. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Accounts Fraud Risk 6 AS 2301 13 The firm did not perform procedures to test the installation dates for certain of the leases entered into during the year. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 13 The firm did not perform procedures to test the installation dates for certain of the leases entered into during the year. (AS 2301.08 and .13) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Accounts Fraud Risk 7 AS 2301 8 In its testing of vehicle sales revenue the firm obtained evidence that certain vehicles may not have been delivered until after year end. The firm did not evaluate this evidence beyond concluding that it was shortly after year end. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2301 8 In its testing of vehicle sales revenue the firm obtained evidence that certain vehicles may not have been delivered until after year end. The firm did not evaluate this evidence beyond concluding that it was shortly after year end. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Accounts Fraud Risk 7 AS 2301 13 In its testing of vehicle sales revenue the firm obtained evidence that certain vehicles may not have been delivered until after year end. The firm did not evaluate this evidence beyond concluding that it was shortly after year end. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2301 13 In its testing of vehicle sales revenue the firm obtained evidence that certain vehicles may not have been delivered until after year end. The firm did not evaluate this evidence beyond concluding that it was shortly after year end. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Accounts Fraud Risk 7 AS 2810 3 In its testing of vehicle sales revenue the firm obtained evidence that certain vehicles may not have been delivered until after year end. The firm did not evaluate this evidence beyond concluding that it was shortly after year end. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2810 3 In its testing of vehicle sales revenue the firm obtained evidence that certain vehicles may not have been delivered until after year end. The firm did not evaluate this evidence beyond concluding that it was shortly after year end. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 8 AS 2310 29 To substantively test inventory the firm rolled forward the inventory balance from prior year and performed procedures to test the activity during the year including confirming purchases of inventory. The firm received an electronic response to one of its confirmation requests related to the purchase of inventory that was received from a different email address than the contact email address included in the issuer's contracts with the vendor. The firm did not consider performing procedures to verify the source of the response. (AS 2310.29) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 9 AS 2301 8 To substantively test inventory the firm rolled forward the inventory balance from prior year and performed procedures to test the activity during the year including confirming purchases of inventory. The firm did not test the accuracy of the cost of certain inventory that was sold during the year. (AS 2301.08) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 10 AS 2301 8 Outside custodians held certain of the issuer's inventory. The firm did not perform sufficient procedures to test the existence of this inventory because it limited its procedures to the roll forward described above and positive confirmation requests with the outside custodians. Further the firm did not perform procedures to compare the quantities of inventory included in the confirmation responses to the quantities in the issuer's records. (AS 2301.08; AS 2510.14) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 10 AS 2510 14 Outside custodians held certain of the issuer's inventory. The firm did not perform sufficient procedures to test the existence of this inventory because it limited its procedures to the roll forward described above and positive confirmation requests with the outside custodians. Further the firm did not perform procedures to compare the quantities of inventory included in the confirmation responses to the quantities in the issuer's records. (AS 2301.08; AS 2510.14) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 11 AS 2301 8 The firm did not perform sufficient procedures to test whether one type of inventory was stated at the lower of cost or net realizable value because the firm did not consider estimated costs of completion and estimated costs necessary to make the sale. (AS 2301.08) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 12 AS 2301 8 For a second type of inventory the firm did not perform procedures to test whether the inventory was stated at the lower of cost or net realizable value beyond concluding that although the inventory had not yet been sold it expected the sales price to be higher than similar inventory given it was physically bigger. (AS 2301.08) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 13 AS 2301 8 With respect to a third type of inventory in testing whether the inventory was stated at the lower of cost or net realizable value the firm did not (1) test the accuracy of the cost of the inventory beyond comparing it to the amounts relieved from inventory as part of its roll forward procedures described above (2) evaluate the effect of differences in asset types beyond consideration of physical size on the selling prices used in its analysis and (3) evaluate the ongoing availability of vouchers from government programs in its determination of the selling prices used in its analysis. (AS 2301.08) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 Other Non-PCAOB Standards The issuer recognized certain revenue on the percentage-of-completion basis. To test this revenue the firm selected a sample of open projects. For the selected open projects the firm did not perform procedures beyond obtaining issuer-produced documentation to test the transaction price at contract inception. (CAS 330.6) Triennially Inspected 1462 Crowe MacKay LLP 2022 Canada 2023-09-28T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2501 10 The firm's approach for substantively testing the fair value of investment securities was to test the issuer's process. The firm used a pricing tool it developed to recalculate the fair value of certain investment securities. The firm did not test the functionality of this pricing tool. (AS 2501.10) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 1 AS 1105 A9 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not identify that one of the valuation reports prepared by the company's specialist was used for a different purpose than its stated intention and evaluate its use for that purpose. (AS 1105.A9) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 2 AS 2301 8 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform substantive procedures to determine whether the issuer identified and recorded all aspects of the transactions. (AS 2301.08 and .11) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 2 AS 2301 11 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform substantive procedures to determine whether the issuer identified and recorded all aspects of the transactions. (AS 2301.08 and .11) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 3 AS 2501 7 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform substantive procedures to test certain estimates related to these transactions beyond testing the mathematical accuracy of the issuer's documentation. (AS 2501.07) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 4 AS 1105 A8b During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 5 AS 1105 A8a During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the relevance and reliability of certain data used by the company's specialist. (AS 1105.A8a) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 6 AS 1105 4 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate certain other significant assumptions used by the company's specialist. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any substantive procedures to evaluate the reasonableness of significant assumptions developed by the company's specialist and significant assumptions developed by the issuer (2) evaluate whether external data that the company's specialist used to develop certain significant assumptions were relevant and reliable and (3) evaluate the relevance and reliability of data it used in its procedures. (AS 1105.04 .06 .A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 6 AS 1105 6 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate certain other significant assumptions used by the company's specialist. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any substantive procedures to evaluate the reasonableness of significant assumptions developed by the company's specialist and significant assumptions developed by the issuer (2) evaluate whether external data that the company's specialist used to develop certain significant assumptions were relevant and reliable and (3) evaluate the relevance and reliability of data it used in its procedures. (AS 1105.04 .06 .A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 6 AS 1105 A8a During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate certain other significant assumptions used by the company's specialist. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any substantive procedures to evaluate the reasonableness of significant assumptions developed by the company's specialist and significant assumptions developed by the issuer (2) evaluate whether external data that the company's specialist used to develop certain significant assumptions were relevant and reliable and (3) evaluate the relevance and reliability of data it used in its procedures. (AS 1105.04 .06 .A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 6 AS 1105 A8b During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate certain other significant assumptions used by the company's specialist. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any substantive procedures to evaluate the reasonableness of significant assumptions developed by the company's specialist and significant assumptions developed by the issuer (2) evaluate whether external data that the company's specialist used to develop certain significant assumptions were relevant and reliable and (3) evaluate the relevance and reliability of data it used in its procedures. (AS 1105.04 .06 .A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 6 AS 1201 C6 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate certain other significant assumptions used by the company's specialist. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any substantive procedures to evaluate the reasonableness of significant assumptions developed by the company's specialist and significant assumptions developed by the issuer (2) evaluate whether external data that the company's specialist used to develop certain significant assumptions were relevant and reliable and (3) evaluate the relevance and reliability of data it used in its procedures. (AS 1105.04 .06 .A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 6 AS 1201 C7 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate certain other significant assumptions used by the company's specialist. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any substantive procedures to evaluate the reasonableness of significant assumptions developed by the company's specialist and significant assumptions developed by the issuer (2) evaluate whether external data that the company's specialist used to develop certain significant assumptions were relevant and reliable and (3) evaluate the relevance and reliability of data it used in its procedures. (AS 1105.04 .06 .A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 6 AS 2501 16 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm used an auditor-employed specialist to evaluate certain other significant assumptions used by the company's specialist. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any substantive procedures to evaluate the reasonableness of significant assumptions developed by the company's specialist and significant assumptions developed by the issuer (2) evaluate whether external data that the company's specialist used to develop certain significant assumptions were relevant and reliable and (3) evaluate the relevance and reliability of data it used in its procedures. (AS 1105.04 .06 .A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 7 AS 2301 8 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform any substantive procedures to test the fair value of certain other accounts and whether they were appropriately recorded in accordance with GAAP. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 7 AS 2301 11 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform any substantive procedures to test the fair value of certain other accounts and whether they were appropriately recorded in accordance with GAAP. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 7 AS 2501 7 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform any substantive procedures to test the fair value of certain other accounts and whether they were appropriately recorded in accordance with GAAP. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 8 AS 2810 30 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's omission of certain required disclosures. (AS 2810.30 and .31) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions Significant Risk 8 AS 2810 31 During the year the issuer entered into several significant transactions and engaged a specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not identify and evaluate a GAAP departure related to the issuer's omission of certain required disclosures. (AS 2810.30 and .31) Triennially Inspected 2952 T R CHADHA & CO LLP 2022 India 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 9 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1105 A8a During the year the issuer acquired a business and engaged a valuation specialist to determine the fair value of the acquired intangible assets. The firm's approach for substantively testing the fair value of acquired intangible assets was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of the significant assumptions because it did not identify that the auditor-engaged specialist did not (1) perform procedures beyond inquiry of the company's specialist to evaluate the reasonableness of the significant assumptions that were developed by the issuer and the company's specialist and (2) evaluate the relevance and reliability of the external data that the company's specialist used to develop certain assumptions. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1105 A8b During the year the issuer acquired a business and engaged a valuation specialist to determine the fair value of the acquired intangible assets. The firm's approach for substantively testing the fair value of acquired intangible assets was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of the significant assumptions because it did not identify that the auditor-engaged specialist did not (1) perform procedures beyond inquiry of the company's specialist to evaluate the reasonableness of the significant assumptions that were developed by the issuer and the company's specialist and (2) evaluate the relevance and reliability of the external data that the company's specialist used to develop certain assumptions. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1210 9 During the year the issuer acquired a business and engaged a valuation specialist to determine the fair value of the acquired intangible assets. The firm's approach for substantively testing the fair value of acquired intangible assets was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of the significant assumptions because it did not identify that the auditor-engaged specialist did not (1) perform procedures beyond inquiry of the company's specialist to evaluate the reasonableness of the significant assumptions that were developed by the issuer and the company's specialist and (2) evaluate the relevance and reliability of the external data that the company's specialist used to develop certain assumptions. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1210 12 During the year the issuer acquired a business and engaged a valuation specialist to determine the fair value of the acquired intangible assets. The firm's approach for substantively testing the fair value of acquired intangible assets was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of the significant assumptions because it did not identify that the auditor-engaged specialist did not (1) perform procedures beyond inquiry of the company's specialist to evaluate the reasonableness of the significant assumptions that were developed by the issuer and the company's specialist and (2) evaluate the relevance and reliability of the external data that the company's specialist used to develop certain assumptions. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2501 16 During the year the issuer acquired a business and engaged a valuation specialist to determine the fair value of the acquired intangible assets. The firm's approach for substantively testing the fair value of acquired intangible assets was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of the significant assumptions because it did not identify that the auditor-engaged specialist did not (1) perform procedures beyond inquiry of the company's specialist to evaluate the reasonableness of the significant assumptions that were developed by the issuer and the company's specialist and (2) evaluate the relevance and reliability of the external data that the company's specialist used to develop certain assumptions. (AS 1105.A8a and .A8b; AS 1210.09 and .12; AS 2501.16) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures related to revenue required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures related to revenue required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not evaluate the accuracy of the issuer's disclosure regarding the timing of when certain revenue was recognized including consideration of contrary evidence included in the firm's audit work papers. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not evaluate the accuracy of the issuer's disclosure regarding the timing of when certain revenue was recognized including consideration of contrary evidence included in the firm's audit work papers. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 3 The firm did not evaluate the accuracy of the issuer's disclosure regarding the timing of when certain revenue was recognized including consideration of contrary evidence included in the firm's audit work papers. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not evaluate whether a promised good related to this revenue was a separate performance obligation. (AS 2301.08 and .13) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2023 United States 2023-09-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm did not evaluate whether a promised good related to this revenue was a separate performance obligation. (AS 2301.08 and .13) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Testing Controls 1 AS 2201 39 The firm did not identify and test any controls to support its opinion on the effectiveness of ICFR. (AS 2201.39) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Testing Controls 2 AS 2201 72 The firm did not identify and address inconsistencies between the firm's unqualified opinion on ICFR and management's report on ICFR which identified multiple material weaknesses. (AS 2201.72 .73 and .C2) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Testing Controls 2 AS 2201 73 The firm did not identify and address inconsistencies between the firm's unqualified opinion on ICFR and management's report on ICFR which identified multiple material weaknesses. (AS 2201.72 .73 and .C2) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Testing Controls 2 AS 2201 C2 The firm did not identify and address inconsistencies between the firm's unqualified opinion on ICFR and management's report on ICFR which identified multiple material weaknesses. (AS 2201.72 .73 and .C2) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm did not perform any procedures to test revenue beyond documenting invoices were checked for total revenue. (AS 2301.08) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The firm did not evaluate (1) whether the issuer was recognizing revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers and (2) whether the revenue disclosures were accurate in light of certain information documented in the firm's work papers. (AS 2301.08) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 5 AS 2301 8 The firm did not perform any procedures to test debt and a related transaction beyond obtaining agreements and performing recalculations of certain amounts. (AS 2301.08) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 6 AS 2301 8 The firm did not perform any procedures to test a significant transaction. (AS 2301.08) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 7 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the transaction. (AS 2810.30 and .31) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 7 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the transaction. (AS 2810.30 and .31) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fraud Procedures 8 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fraud Procedures 9 AS 2401 67 The firm identified certain transactions that did not appear to have a clear business purpose or evidence of proper authorization. The firm did not evaluate whether the business purpose (or lack thereof) indicated that these transactions may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets. (AS 2401.67) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Testing Controls 1 AS 2201 39 The firm did not identify and test any controls to support its opinion on the effectiveness of ICFR. (AS 2201. 39) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Testing Controls 2 AS 2201 72 In addition the firm did not identify and address inconsistencies between the firm's unqualified opinion on ICFR and management's report on ICFR which identified multiple material weaknesses. (AS 2201.72 .73 and .C2) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Testing Controls 2 AS 2201 73 In addition the firm did not identify and address inconsistencies between the firm's unqualified opinion on ICFR and management's report on ICFR which identified multiple material weaknesses. (AS 2201.72 .73 and .C2) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Testing Controls 2 AS 2201 C2 In addition the firm did not identify and address inconsistencies between the firm's unqualified opinion on ICFR and management's report on ICFR which identified multiple material weaknesses. (AS 2201.72 .73 and .C2) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 8 The firm did not perform any procedures to test revenue recognition beyond documenting invoices were checked for certain revenue transactions. (AS 2301.08 and .11) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 11 The firm did not perform any procedures to test revenue recognition beyond documenting invoices were checked for certain revenue transactions. (AS 2301.08 and .11) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2810 30 In addition the firm did not identify and evaluate a departure from GAAP related to the omission of certain disclosures required by FASB ASC Topic 235 Notes to Financial Statements and FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2810 31 In addition the firm did not identify and evaluate a departure from GAAP related to the omission of certain disclosures required by FASB ASC Topic 235 Notes to Financial Statements and FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 5 AS 2315 16 The firm's substantive procedures to test the existence and valuation of certain assets consisted of testing a sample of items. The firm did not perform sufficient procedures to test these assets because it (1) did not establish a basis to support the number of items selected in its sample as it did not appropriately take into account the relevant factors including the tolerable misstatement for the population allowable risk of incorrect acceptance and the characteristics of the population; (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 5 AS 2315 19 The firm's substantive procedures to test the existence and valuation of certain assets consisted of testing a sample of items. The firm did not perform sufficient procedures to test these assets because it (1) did not establish a basis to support the number of items selected in its sample as it did not appropriately take into account the relevant factors including the tolerable misstatement for the population allowable risk of incorrect acceptance and the characteristics of the population; (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 5 AS 2315 23 The firm's substantive procedures to test the existence and valuation of certain assets consisted of testing a sample of items. The firm did not perform sufficient procedures to test these assets because it (1) did not establish a basis to support the number of items selected in its sample as it did not appropriately take into account the relevant factors including the tolerable misstatement for the population allowable risk of incorrect acceptance and the characteristics of the population; (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 5 AS 2315 23A The firm's substantive procedures to test the existence and valuation of certain assets consisted of testing a sample of items. The firm did not perform sufficient procedures to test these assets because it (1) did not establish a basis to support the number of items selected in its sample as it did not appropriately take into account the relevant factors including the tolerable misstatement for the population allowable risk of incorrect acceptance and the characteristics of the population; (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 6 AS 1105 10 The firm's substantive procedures to test the existence and valuation of certain assets consisted of testing a sample of items. The firm did not perform sufficient procedures to test these assets because it did not test the completeness of the issuer-prepared report from which the sampled items were selected (AS 1105.10) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 7 AS 1105 4 The firm did not evaluate the relevance and reliability of information from external sources used to test the valuation of the assets. (AS 1105.04 and.06) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 7 AS 1105 6 The firm did not evaluate the relevance and reliability of information from external sources used to test the valuation of the assets. (AS 1105.04 and.06) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 8 AS 2301 8 In addition the issuer recognized income related to the valuation of the assets. The firm did not perform any procedures to evaluate whether the recognition of the income was appropriate. (AS 2301.08) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 9 AS 2301 8 The firm did not perform any procedures to test whether the issuer's presentation and disclosure of the assets were in conformity with GAAP including not identifying and evaluating a departure from GAAP related to the issuer's omission of a required disclosure related to these assets. (AS 2301.08; AS 2810.30 and .31) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 9 AS 2810 30 The firm did not perform any procedures to test whether the issuer's presentation and disclosure of the assets were in conformity with GAAP including not identifying and evaluating a departure from GAAP related to the issuer's omission of a required disclosure related to these assets. (AS 2301.08; AS 2810.30 and .31) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 9 AS 2810 31 The firm did not perform any procedures to test whether the issuer's presentation and disclosure of the assets were in conformity with GAAP including not identifying and evaluating a departure from GAAP related to the issuer's omission of a required disclosure related to these assets. (AS 2301.08; AS 2810.30 and .31) Triennially Inspected 3313 Yusufali & Associates, LLC 2022 United States 2023-09-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Fraud Procedures Fraud Risk 10 AS 2401 58 The firm did not (1) perform any procedures to obtain an understanding of the entity's financial reporting process and the controls over journal entries and other adjustments and (2) identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Planning 1 AS 2101 8 The firm did not establish an overall audit strategy and develop an audit plan that provided a reasonable basis for its audit opinion on the issuer's financial statements. (AS 2101.08 and .10) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Planning 1 AS 2101 10 The firm did not establish an overall audit strategy and develop an audit plan that provided a reasonable basis for its audit opinion on the issuer's financial statements. (AS 2101.08 and .10) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Planning 2 AS 2105 6 The firm did not establish a materiality level for the financial statements as a whole and determine the related amount of tolerable misstatement. (AS 2105.06 and .08) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Planning 2 AS 2105 8 The firm did not establish a materiality level for the financial statements as a whole and determine the related amount of tolerable misstatement. (AS 2105.06 and .08) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 3 AS 1105 4 The firm did not complete all necessary auditing procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 3 AS 1201 5 The firm did not complete all necessary auditing procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 4 AS 1105 4 The firm's work papers did not contain sufficient information to support its opinion or to enable an experienced auditor having no previous connection with the engagement to understand the nature timing extent and results of the procedures performed evidence obtained and conclusions reached. (AS 1105.04; AS 1215.06) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 4 AS 1215 6 The firm's work papers did not contain sufficient information to support its opinion or to enable an experienced auditor having no previous connection with the engagement to understand the nature timing extent and results of the procedures performed evidence obtained and conclusions reached. (AS 1105.04; AS 1215.06) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2810 30 The issuer disclosed that it recognized revenue from contracts with multiple customers in compliance with FASB ASC Topic 605 Revenue Recognition. The firm's substantive procedures to test revenue included testing certain transactions and customer contracts. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's application of FASB ASC Topic 605 which was superseded by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2810 31 The issuer disclosed that it recognized revenue from contracts with multiple customers in compliance with FASB ASC Topic 605 Revenue Recognition. The firm's substantive procedures to test revenue included testing certain transactions and customer contracts. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's application of FASB ASC Topic 605 which was superseded by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2301 8 The issuer disclosed that it recognized revenue from contracts with multiple customers in compliance with FASB ASC Topic 605 Revenue Recognition. The firm's substantive procedures to test revenue included testing certain transactions and customer contracts. The following deficiency was identified: · The firm did not perform substantive procedures to test selected transactions beyond obtaining the related invoice from the issuer. (AS 2301.08) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 7 AS 2301 8 The issuer disclosed that it recognized revenue from contracts with multiple customers in compliance with FASB ASC Topic 605 Revenue Recognition. The firm's substantive procedures to test revenue included testing certain transactions and customer contracts. The following deficiency was identified: · The firm did not perform any substantive procedures to test revenue cut-off. (AS 2301.08) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2501 7 The firm did not perform any procedures to test the issuer's conclusion not to record an allowance for doubtful accounts. (AS 2501.07) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 9 AS 2410 14 The issuer disclosed that it had no related party transactions or balances. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified its related parties and relationships and transactions with related parties because the firm did not evaluate information gathered during the audit to determine whether certain entities were related parties. (AS 2410.14) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 10 AS 2410 17 The issuer disclosed that it had no related party transactions or balances. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; 2810.30 and .31) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 10 AS 2810 30 The issuer disclosed that it had no related party transactions or balances. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; 2810.30 and .31) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 10 AS 2810 31 The issuer disclosed that it had no related party transactions or balances. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; 2810.30 and .31) Triennially Inspected 3826 James Pai CPA PLLC 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 11 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 5828 SRCO Professional Corporation 2023 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For certain revenue the firm did not perform any substantive procedures to test whether the performance obligations had been satisfied when revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 5828 SRCO Professional Corporation 2023 Canada 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For certain revenue the firm did not perform any substantive procedures to test whether the performance obligations had been satisfied when revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures related to revenue. (AS 2810.30 and .31) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures related to revenue. (AS 2810.30 and .31) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's recognition of revenue. (AS 2301.08 and .13) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's recognition of revenue. (AS 2301.08 and .13) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 4 The firm did not perform procedures to evaluate the relevance and/or reliability of certain information it used as audit evidence in testing revenue. (AS 1105.04 and .06) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 6 The firm did not perform procedures to evaluate the relevance and/or reliability of certain information it used as audit evidence in testing revenue. (AS 1105.04 and .06) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2401 67 The firm did not evaluate the business purpose (or lack thereof) of the revenue transactions including whether they may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets given certain facts regarding the transactions. (AS 2401.67) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 5 AS 2301 8 The firm did not perform substantive procedures beyond comparing the account balance to the amount reported in the prior year to test the completeness and valuation of a significant account. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 5 AS 2301 11 The firm did not perform substantive procedures beyond comparing the account balance to the amount reported in the prior year to test the completeness and valuation of a significant account. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 5 AS 2501 7 The firm did not perform substantive procedures beyond comparing the account balance to the amount reported in the prior year to test the completeness and valuation of a significant account. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the risk of management override. (AS 2401.58) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Asset 1 AS 2501 21 The firm's approach for substantively testing an intangible asset for impairment was to develop an independent expectation of the fair value of the asset. The firm did not take into account the requirements of the applicable financial framework so that the firm's independent expectation considered the factors relevant to the estimate. (AS 2501.21) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the risk of management override. (AS 2401.58) Triennially Inspected 6501 Halperin Ilanit CPA 2022 Israel 2023-09-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 1 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the risk of management override. (AS 2401.58) Triennially Inspected 6717 SS Accounting and Auditing Inc. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 27 To test certain revenue the firm selected revenue transactions that met specific criteria to evaluate whether the revenue was appropriately recognized. The firm did not perform any substantive procedures to test the remaining population of revenue transactions from this revenue source. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6717 SS Accounting and Auditing Inc. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 To test certain revenue the firm selected revenue transactions that met specific criteria to evaluate whether the revenue was appropriately recognized. The firm did not perform any substantive procedures to test the remaining population of revenue transactions from this revenue source. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6717 SS Accounting and Auditing Inc. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 To test certain revenue the firm selected revenue transactions that met specific criteria to evaluate whether the revenue was appropriately recognized. The firm did not perform any substantive procedures to test the remaining population of revenue transactions from this revenue source. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6717 SS Accounting and Auditing Inc. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2510 12 The firm observed physical inventory counts on various dates subsequent to year end. The firm did not perform procedures to test intervening transactions between the issuer's year end and the dates of its inventory observations beyond testing the purchase activity for one location. (AS 2510.12) Triennially Inspected 6717 SS Accounting and Auditing Inc. 2023 United States 2023-09-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 For certain subsidiaries the firm did not perform any procedures to identify and select journal entries and other adjustments for testing without having an appropriate basis for excluding those subsidiaries. (AS 2401.61) Triennially Inspected 170 KMJ Corbin & Company LLP 2023 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer engaged a specialist to determine the fair value of certain assets using assumptions developed by the issuer and the specialist. The firm's approach for substantively testing the fair value of these assets was to test the issuer's process. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because the firm did not evaluate whether the issuer had a reasonable basis for the assumptions. (AS 2501.16) Triennially Inspected 170 KMJ Corbin & Company LLP 2023 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer engaged a specialist to determine the fair value of certain assets using assumptions developed by the issuer and the specialist. The firm's approach for substantively testing the fair value of these assets was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of another significant assumption developed by the issuer. (AS 2501.16) Triennially Inspected 170 KMJ Corbin & Company LLP 2023 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 1105 A8b The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer engaged a specialist to determine the fair value of certain assets using assumptions developed by the issuer and the specialist. The firm's approach for substantively testing the fair value of these assets was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of certain significant assumptions developed by the specialist. (AS 1105.A8b) Triennially Inspected 170 KMJ Corbin & Company LLP 2023 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 4 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer engaged a specialist to determine the fair value of certain assets using assumptions developed by the issuer and the specialist. The firm's approach for substantively testing the fair value of these assets was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the accuracy and completeness of certain information the issuer used to develop a significant assumption. (AS 1105.10) Triennially Inspected 170 KMJ Corbin & Company LLP 2023 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 5 AS 1105 A8a The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer engaged a specialist to determine the fair value of certain assets using assumptions developed by the issuer and the specialist. The firm's approach for substantively testing the fair value of these assets was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the accuracy and completeness of information the specialist used to determine the fair value of certain assets. (AS 1105.A8a) Triennially Inspected 262 Johnson Lambert  LLP 2023 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain aspects of the data that the firm used in its substantive testing of a significant account. (AS 1105.10) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 1 AS 2201 46 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. As a result of the following deficiencies in the firm's testing of the CUECs the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. As a result of the following deficiencies in the firm's testing of the CUECs the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 2 AS 2201 42 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm selected for testing a control that included the periodic review of user access. The firm did not evaluate the specific review procedures that the control owners performed to determine whether access granted was and continued to be appropriate. (AS 2201.42 .44 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm selected for testing a control that included the periodic review of user access. The firm did not evaluate the specific review procedures that the control owners performed to determine whether access granted was and continued to be appropriate. (AS 2201.42 .44 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm selected for testing a control that included the periodic review of user access. The firm did not evaluate the specific review procedures that the control owners performed to determine whether access granted was and continued to be appropriate. (AS 2201.42 .44 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 2 AS 2201 44 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm selected for testing a control that included the periodic review of user access. The firm did not evaluate the specific review procedures that the control owners performed to determine whether access granted was and continued to be appropriate. (AS 2201.42 .44 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 2 AS 2201 B22 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm selected for testing a control that included the periodic review of user access. The firm did not evaluate the specific review procedures that the control owners performed to determine whether access granted was and continued to be appropriate. (AS 2201.42 .44 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 B22 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm selected for testing a control that included the periodic review of user access. The firm did not evaluate the specific review procedures that the control owners performed to determine whether access granted was and continued to be appropriate. (AS 2201.42 .44 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 3 AS 2201 39 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm did not identify and test any controls over change management that addressed changes to automated controls or system-generated reports. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm did not identify and test any controls over change management that addressed changes to automated controls or system-generated reports. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 3 AS 2201 B22 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm did not identify and test any controls over change management that addressed changes to automated controls or system-generated reports. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 B22 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm did not identify and test any controls over change management that addressed changes to automated controls or system-generated reports. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 4 AS 2201 39 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm did not identify and test any controls over the accuracy and completeness of the asset acquisitions recorded into this IT system. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 39 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm did not identify and test any controls over the accuracy and completeness of the asset acquisitions recorded into this IT system. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 4 AS 2201 B22 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm did not identify and test any controls over the accuracy and completeness of the asset acquisitions recorded into this IT system. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 B22 The issuer used an information-technology (IT) system that was hosted by a service organization to initiate process and record transactions related to (1) revenue and (2) rental properties. In its testing of controls over these accounts the firm selected for testing various automated and IT-dependent manual controls that used data and reports generated by this IT system. The firm obtained the service auditor's report and identified for testing certain complementary user entity controls (CUECs) that the service auditor's report described as necessary. · The firm did not identify and test any controls over the accuracy and completeness of the asset acquisitions recorded into this IT system. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 5 AS 2201 46 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. As a result of the following deficiencies in the firm's testing of CUECs the firm's testing of this automated control was not sufficient. (AS 2201.46) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 46 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. As a result of the following deficiencies in the firm's testing of CUECs the firm's testing of this automated control was not sufficient. (AS 2201.46) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 6 AS 2201 39 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over user access that addressed newly hired and terminated employees. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 39 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over user access that addressed newly hired and terminated employees. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 6 AS 2201 B22 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over user access that addressed newly hired and terminated employees. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 B22 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over user access that addressed newly hired and terminated employees. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 7 AS 2201 39 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over change management. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 39 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over change management. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 7 AS 2201 B22 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over change management. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 B22 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over change management. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 8 AS 2201 39 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over the accuracy and completeness of the data uploaded into this IT system. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 39 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over the accuracy and completeness of the data uploaded into this IT system. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 8 AS 2201 B22 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over the accuracy and completeness of the data uploaded into this IT system. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 B22 The issuer also used an IT system that was hosted by a service organization to perform account reconciliations using data manually uploaded from the IT system discussed above. The firm selected for testing the automated control over these account reconciliations. · The firm did not identify and test any controls over the accuracy and completeness of the data uploaded into this IT system. (AS 2201.39 and .B22) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 42 The firm selected for testing a control over the review of revenue by property. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 44 The firm selected for testing a control over the review of revenue by property. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 39 The firm selected for testing a control over the review of revenue by property. The firm did not identify and test any controls over the accuracy and completeness of certain issuer-prepared information used in the operation of this control. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 11 AS 2201 39 The firm did not identify and test any controls over the recognition of the amount of straight-line rent and related revenue. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2201 39 The firm selected for testing a control over the review of lease classifications. The firm did not identify and test any controls over the accuracy of certain issuer-prepared information used in the operation of this control. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 13 AS 2201 39 The firm did not identify and test any controls over the calculation of depreciation expense. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 14 AS 2201 42 The firm selected for testing controls over the review of the acquisition of rental properties and the evaluation of impairment. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 14 AS 2201 44 The firm selected for testing controls over the review of the acquisition of rental properties and the evaluation of impairment. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 15 AS 2201 39 The firm selected for testing controls over the review of the acquisition of rental properties and the evaluation of impairment. The firm did not identify and test any controls over the accuracy and completeness of certain issuer-prepared information used in the operation of these controls. (AS 2201.39) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 16 AS 2301 8 During the year the issuer acquired certain rental properties that it accounted for as asset acquisitions. The issuer allocated the purchase price in each acquisition primarily to land and buildings. The following deficiency were identified: · The firm did not perform substantive procedures beyond obtaining and reading an issuer memorandum to evaluate the appropriateness of the issuer's accounting for these transactions. (AS 2301.08) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 17 AS 2301 8 During the year the issuer acquired certain rental properties that it accounted for as asset acquisitions. The issuer allocated the purchase price in each acquisition primarily to land and buildings. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the issuer's conclusions that these acquisitions did not result in any intangible assets. (AS 2301.08) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 18 AS 2501 10 During the year the issuer acquired certain rental properties that it accounted for as asset acquisitions. The issuer allocated the purchase price in each acquisition primarily to land and buildings. The following deficiency was identified: · The firm did not evaluate whether the method used by the issuer to allocate the purchase price and estimate the fair value for the acquired land and buildings was in conformity with the requirements of the applicable reporting framework and appropriate for the nature of the account taking into account the firm's understanding of the issuer and its environment. (AS 2501.10) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 19 AS 1105 4 During the year the issuer acquired certain rental properties that it accounted for as asset acquisitions. The issuer allocated the purchase price in each acquisition primarily to land and buildings. The following deficiency was identified: · The firm did not evaluate the relevance and reliability of information that was used to determine the fair value of the acquired land and buildings. (AS 1105.04 and .06) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 19 AS 1105 6 During the year the issuer acquired certain rental properties that it accounted for as asset acquisitions. The issuer allocated the purchase price in each acquisition primarily to land and buildings. The following deficiency was identified: · The firm did not evaluate the relevance and reliability of information that was used to determine the fair value of the acquired land and buildings. (AS 1105.04 and .06) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 20 AS 1105 10 The issuer performed certain quantitative analyses to evaluate whether there were events or changes in circumstances that indicated that its rental properties' carrying values may not be recoverable. The following deficiency was identified: · The firm did not perform substantive procedures to test the accuracy of certain data the issuer used in these analyses. (AS 1105.10) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 21 AS 2501 16 The issuer performed certain quantitative analyses to evaluate whether there were events or changes in circumstances that indicated that its rental properties' carrying values may not be recoverable. The following deficiency was identified: · The firm did not perform substantive procedures to evaluate the reasonableness of certain significant assumptions that the issuer used in these analyses beyond comparing them to the assumptions used in the prior year analyses. (AS 2501.16) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Rental Properties 22 AS 2501 16 The issuer performed certain quantitative analyses to evaluate whether there were events or changes in circumstances that indicated that its rental properties' carrying values may not be recoverable. The following deficiency was identified: · The firm did not perform substantive procedures to evaluate the reasonableness of certain other significant assumptions beyond comparing certain information used in the issuer's analyses to determine these assumptions to an external source. (AS 2501.16) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 1105 A8a The issuer engaged an external specialist to determine the fair value of certain assets. The company's specialist used discounted cash flow models in its valuation. The following deficiency was identified: · The firm did not evaluate the relevance and/or reliability of certain data from sources external to the issuer that the company's specialist used to develop significant assumptions. (AS 1105.A8a) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 1105 A8b The issuer engaged an external specialist to determine the fair value of certain assets. The company's specialist used discounted cash flow models in its valuation. The following deficiency was identified: · The firm did not perform substantive procedures to evaluate the reasonableness of significant assumptions related to the time periods that were developed by the company's specialist and used in the discounted cash flow models beyond comparing them to certain issuer documentation that indicated shorter time periods and concluding that the shorter time periods were more conservative. (AS 1105.A8b) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 1105 A8b The issuer engaged an external specialist to determine the fair value of certain assets. The company's specialist used discounted cash flow models in its valuation. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of certain other significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2501 16 The issuer engaged an external specialist to determine the fair value of certain assets. The company's specialist used discounted cash flow models in its valuation. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumptions developed by the issuer. (AS 2501.16) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 5 AS 2501 7 The firm did not perform any procedures to test an estimate related to these assets including consideration of certain contrary evidence that was included in the firm's work papers. (AS 2501.07; AS 2810.03) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 5 AS 2810 3 The firm did not perform any procedures to test an estimate related to these assets including consideration of certain contrary evidence that was included in the firm's work papers. (AS 2501.07; AS 2810.03) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 6 AS 1105 27 To test certain other assets the firm selected balances that exceeded a monetary threshold and then selected one item for each of the selected balances for testing. The firm did not perform procedures to test the remaining population. (AS 1105.27; AS 2301.08) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 6 AS 2301 8 To test certain other assets the firm selected balances that exceeded a monetary threshold and then selected one item for each of the selected balances for testing. The firm did not perform procedures to test the remaining population. (AS 1105.27; AS 2301.08) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 7 AS 2501 7 The firm did not perform any substantive procedures to test an estimate related to these assets. (AS 2501.07) Triennially Inspected 539 Clark Schaefer Hackett & Co. 2023 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 1105 27 The firm did not perform sufficient procedures to test the valuation of certain investment securities because it limited its selections to the population selected by the issuer's management and did not perform any procedures to test the valuation of the remaining population of investment securities. (AS 1105.27; AS 2301.08) Triennially Inspected 539 Clark Schaefer Hackett & Co. 2023 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2301 8 The firm did not perform sufficient procedures to test the valuation of certain investment securities because it limited its selections to the population selected by the issuer's management and did not perform any procedures to test the valuation of the remaining population of investment securities. (AS 1105.27; AS 2301.08) Triennially Inspected 539 Clark Schaefer Hackett & Co. 2023 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 2 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether the issuer's disclosures of investment securities was in conformity with FASB ASC Topic 962 Plan Accounting because it did not evaluate the appropriateness of the issuer's aggregation of certain securities within the disclosures. (AS 2301.08) Triennially Inspected 782 Farmer, Fuqua & Huff, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer presented as a component of revenue in its statement of operations a material transaction that was of an unusual nature and infrequent occurrence. FASB ASC Topic 220 Income Statement requires such events or transactions to be reported as a separate component of income from continuing operations. The firm did not perform any procedures to evaluate the appropriateness of the issuer's presentation of such transactions as a component of revenue. (AS 2301.08 and .13) Triennially Inspected 782 Farmer, Fuqua & Huff, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer presented as a component of revenue in its statement of operations a material transaction that was of an unusual nature and infrequent occurrence. FASB ASC Topic 220 Income Statement requires such events or transactions to be reported as a separate component of income from continuing operations. The firm did not perform any procedures to evaluate the appropriateness of the issuer's presentation of such transactions as a component of revenue. (AS 2301.08 and .13) Triennially Inspected 782 Farmer, Fuqua & Huff, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2301 8 The firm did not perform sufficient procedures to test certain accounts receivable outstanding longer than a year as it limited its procedures to tracing the balances to its prior year audit work papers. (AS 2301.08) Triennially Inspected 782 Farmer, Fuqua & Huff, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2301 8 The firm did not perform sufficient procedures to test certain accounts receivable outstanding less than one year as it limited its procedures to tracing transactions to statements produced by the party owing the funds which were provided by the issuer. (AS 2301.08) Triennially Inspected 782 Farmer, Fuqua & Huff, P.C. 2022 United States 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Equity-Related Transactions 1 AS 2501 7 The firm did not perform any procedures to test the valuation of certain share-based payment transactions. (AS 2501.07) Triennially Inspected 854 Sensiba LLP 2023 United States 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities Significant Risk 1 AS 2501 7 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm did not perform substantive procedures to test the net asset value of certain investment securities beyond comparing the securities' net asset value to pricing information obtained from an affiliate of both the manager of the funds and the record keeper. (AS 2501.07) Triennially Inspected 1081 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 2022 Denmark PricewaterhouseCoopers International Limited 2023-09-14T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 30 The principal auditor instructed the firm to identify likely sources of potential misstatement ('LSPMs') and evaluate the design and operating effectiveness of specific controls related to the inventory process ('inventory controls') to ensure that the controls were designed and implemented to address the LSPMs identified by the firm and the risk of misstatement identified by the principal auditor for each relevant assertion. The following deficiency was identified: · The firm did not perform procedures to determine the LSPMs related to the inventory process and therefore did not have a basis to evaluate whether the inventory controls tested sufficiently addressed the assessed risk of misstatement for each relevant assertion and were appropriately designed and implemented to address the likely sources of potential misstatement that may have existed. (AS 2201.30 .39 .42 and .44) Triennially Inspected 1081 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 2022 Denmark PricewaterhouseCoopers International Limited 2023-09-14T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The principal auditor instructed the firm to identify likely sources of potential misstatement ('LSPMs') and evaluate the design and operating effectiveness of specific controls related to the inventory process ('inventory controls') to ensure that the controls were designed and implemented to address the LSPMs identified by the firm and the risk of misstatement identified by the principal auditor for each relevant assertion. The following deficiency was identified: · The firm did not perform procedures to determine the LSPMs related to the inventory process and therefore did not have a basis to evaluate whether the inventory controls tested sufficiently addressed the assessed risk of misstatement for each relevant assertion and were appropriately designed and implemented to address the likely sources of potential misstatement that may have existed. (AS 2201.30 .39 .42 and .44) Triennially Inspected 1081 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 2022 Denmark PricewaterhouseCoopers International Limited 2023-09-14T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The principal auditor instructed the firm to identify likely sources of potential misstatement ('LSPMs') and evaluate the design and operating effectiveness of specific controls related to the inventory process ('inventory controls') to ensure that the controls were designed and implemented to address the LSPMs identified by the firm and the risk of misstatement identified by the principal auditor for each relevant assertion. The following deficiency was identified: · The firm did not perform procedures to determine the LSPMs related to the inventory process and therefore did not have a basis to evaluate whether the inventory controls tested sufficiently addressed the assessed risk of misstatement for each relevant assertion and were appropriately designed and implemented to address the likely sources of potential misstatement that may have existed. (AS 2201.30 .39 .42 and .44) Triennially Inspected 1081 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 2022 Denmark PricewaterhouseCoopers International Limited 2023-09-14T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The principal auditor instructed the firm to identify likely sources of potential misstatement ('LSPMs') and evaluate the design and operating effectiveness of specific controls related to the inventory process ('inventory controls') to ensure that the controls were designed and implemented to address the LSPMs identified by the firm and the risk of misstatement identified by the principal auditor for each relevant assertion. The following deficiency was identified: · The firm did not perform procedures to determine the LSPMs related to the inventory process and therefore did not have a basis to evaluate whether the inventory controls tested sufficiently addressed the assessed risk of misstatement for each relevant assertion and were appropriately designed and implemented to address the likely sources of potential misstatement that may have existed. (AS 2201.30 .39 .42 and .44) Triennially Inspected 1081 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 2022 Denmark PricewaterhouseCoopers International Limited 2023-09-14T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 1105 10 The principal auditor instructed the firm to identify likely sources of potential misstatement ('LSPMs') and evaluate the design and operating effectiveness of specific controls related to the inventory process ('inventory controls') to ensure that the controls were designed and implemented to address the LSPMs identified by the firm and the risk of misstatement identified by the principal auditor for each relevant assertion. The following deficiency was identified: · For certain of the inventory controls tested the firm did not perform procedures to test or test any controls over the accuracy and completeness of a system-generated report and other data provided by management which were used by the firm to test the controls. (AS 1105.10) Triennially Inspected 1081 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 2022 Denmark PricewaterhouseCoopers International Limited 2023-09-14T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2310 29 The principal auditor also instructed the firm to substantively test inventory. To test the existence of inventory the firm confirmed certain inventory quantities held in a public warehouse and observed the issuer's physical inventory counts at other locations including verifying the weight of select inventory items using the issuer's scales and obtaining certificates of scale calibration from management. The following deficiency was identified: · The firm received an electronic response to a positive confirmation request sent to the warehouse that held the inventory. The firm did not perform procedures to address the risks associated with the electronic response such as verifying the source and contents of the response. (AS 2310.29) Triennially Inspected 1081 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 2022 Denmark PricewaterhouseCoopers International Limited 2023-09-14T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2510 9 The principal auditor also instructed the firm to substantively test inventory. To test the existence of inventory the firm confirmed certain inventory quantities held in a public warehouse and observed the issuer's physical inventory counts at other locations including verifying the weight of select inventory items using the issuer's scales and obtaining certificates of scale calibration from management. The following deficiency was identified: · The firm's observation procedures at the other locations were not suitable because the firm did not perform procedures to match the scale calibration certificates obtained from management to the specific scales used by the firm to weigh the selected items of inventory. (AS 2510.09) Triennially Inspected 1757 EY Godkendt Revisionspartnerselskab 2022 Denmark Ernst & Young Global Limited 2023-09-14T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Derivatives 1 AS 2201 46 The issuer used eight information-technology (IT) applications to initiate process and record transactions related to revenue trade receivables and derivatives. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and/or reports generated or maintained by certain of these IT applications. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1757 EY Godkendt Revisionspartnerselskab 2022 Denmark Ernst & Young Global Limited 2023-09-14T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The issuer used eight information-technology (IT) applications to initiate process and record transactions related to revenue trade receivables and derivatives. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and/or reports generated or maintained by certain of these IT applications. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1757 EY Godkendt Revisionspartnerselskab 2022 Denmark Ernst & Young Global Limited 2023-09-14T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Trade Receivables 1 AS 2201 46 The issuer used eight information-technology (IT) applications to initiate process and record transactions related to revenue trade receivables and derivatives. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and/or reports generated or maintained by certain of these IT applications. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1757 EY Godkendt Revisionspartnerselskab 2022 Denmark Ernst & Young Global Limited 2023-09-14T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Derivatives 2 AS 2201 44 With respect to change management: The firm selected for testing certain change management controls over the eight IT applications discussed above that consisted of the documentation review testing and approval of changes prior to their implementation into production. In addition all changes made in the production environment were to be recorded in a ticketing system. For certain instances tested the firm did not perform procedures to test the operating effectiveness of these change management controls beyond verifying the existence of a change ticket recorded in the issuer's ticketing system. (AS 2201.44) Triennially Inspected 1757 EY Godkendt Revisionspartnerselskab 2022 Denmark Ernst & Young Global Limited 2023-09-14T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 With respect to change management: The firm selected for testing certain change management controls over the eight IT applications discussed above that consisted of the documentation review testing and approval of changes prior to their implementation into production. In addition all changes made in the production environment were to be recorded in a ticketing system. For certain instances tested the firm did not perform procedures to test the operating effectiveness of these change management controls beyond verifying the existence of a change ticket recorded in the issuer's ticketing system. (AS 2201.44) Triennially Inspected 1757 EY Godkendt Revisionspartnerselskab 2022 Denmark Ernst & Young Global Limited 2023-09-14T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Trade Receivables 2 AS 2201 44 With respect to change management: The firm selected for testing certain change management controls over the eight IT applications discussed above that consisted of the documentation review testing and approval of changes prior to their implementation into production. In addition all changes made in the production environment were to be recorded in a ticketing system. For certain instances tested the firm did not perform procedures to test the operating effectiveness of these change management controls beyond verifying the existence of a change ticket recorded in the issuer's ticketing system. (AS 2201.44) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 1 AS 2410 12a During the year the issuer entered into a settlement agreement ('Settlement Agreement') with a related party ('Related Party A') in which the issuer returned rights related to software to Related Party A and Related Party A cancelled the issuer's remaining debt for the issuer's initial purchase of the software. Subsequent to this Settlement Agreement and after the issuer returned its rights to the software the issuer sold the software to another related party ('Related Party B') in exchange for other assets and a loan receivable. Subsequent to this transaction the issuer engaged in another transaction with Related Party A ('Subsequent Transaction') in which the issuer paid Related Party A other assets in exchange for cancellation of debt. The following deficiency was identified: · The firm did not evaluate whether the terms and other information about the transactions were consistent with inquiries and other audit evidence about the business purpose (or lack thereof) of the transactions. (AS 2410.12a) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 2 AS 2401 67 During the year the issuer entered into a settlement agreement ('Settlement Agreement') with a related party ('Related Party A') in which the issuer returned rights related to software to Related Party A and Related Party A cancelled the issuer's remaining debt for the issuer's initial purchase of the software. Subsequent to this Settlement Agreement and after the issuer returned its rights to the software the issuer sold the software to another related party ('Related Party B') in exchange for other assets and a loan receivable. Subsequent to this transaction the issuer engaged in another transaction with Related Party A ('Subsequent Transaction') in which the issuer paid Related Party A other assets in exchange for cancellation of debt. The following deficiency was identified: · The firm did not evaluate whether the business purpose (or lack thereof) indicated that the transactions may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets. (AS 2401.67) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 3 AS 2301 8 During the year the issuer entered into a settlement agreement ('Settlement Agreement') with a related party ('Related Party A') in which the issuer returned rights related to software to Related Party A and Related Party A cancelled the issuer's remaining debt for the issuer's initial purchase of the software. Subsequent to this Settlement Agreement and after the issuer returned its rights to the software the issuer sold the software to another related party ('Related Party B') in exchange for other assets and a loan receivable. Subsequent to this transaction the issuer engaged in another transaction with Related Party A ('Subsequent Transaction') in which the issuer paid Related Party A other assets in exchange for cancellation of debt. The following deficiency was identified: · The firm did not perform any procedures to determine whether the issuer had ownership of or other rights to sell the software to Related Party B. (AS 2301.08; AS 2410.11) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 3 AS 2410 11 During the year the issuer entered into a settlement agreement ('Settlement Agreement') with a related party ('Related Party A') in which the issuer returned rights related to software to Related Party A and Related Party A cancelled the issuer's remaining debt for the issuer's initial purchase of the software. Subsequent to this Settlement Agreement and after the issuer returned its rights to the software the issuer sold the software to another related party ('Related Party B') in exchange for other assets and a loan receivable. Subsequent to this transaction the issuer engaged in another transaction with Related Party A ('Subsequent Transaction') in which the issuer paid Related Party A other assets in exchange for cancellation of debt. The following deficiency was identified: · The firm did not perform any procedures to determine whether the issuer had ownership of or other rights to sell the software to Related Party B. (AS 2301.08; AS 2410.11) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 4 AS 2410 12d During the year the issuer entered into a settlement agreement ('Settlement Agreement') with a related party ('Related Party A') in which the issuer returned rights related to software to Related Party A and Related Party A cancelled the issuer's remaining debt for the issuer's initial purchase of the software. Subsequent to this Settlement Agreement and after the issuer returned its rights to the software the issuer sold the software to another related party ('Related Party B') in exchange for other assets and a loan receivable. Subsequent to this transaction the issuer engaged in another transaction with Related Party A ('Subsequent Transaction') in which the issuer paid Related Party A other assets in exchange for cancellation of debt. The following deficiency was identified: · The firm did not perform any procedures to evaluate the financial capability of Related Party B with respect to the loan receivable. (AS 2410.12d) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 5 AS 2301 8 During the year the issuer entered into a settlement agreement ('Settlement Agreement') with a related party ('Related Party A') in which the issuer returned rights related to software to Related Party A and Related Party A cancelled the issuer's remaining debt for the issuer's initial purchase of the software. Subsequent to this Settlement Agreement and after the issuer returned its rights to the software the issuer sold the software to another related party ('Related Party B') in exchange for other assets and a loan receivable. Subsequent to this transaction the issuer engaged in another transaction with Related Party A ('Subsequent Transaction') in which the issuer paid Related Party A other assets in exchange for cancellation of debt. The following deficiency was identified: · The firm did not perform any procedures to determine whether the debt cancellation in the Subsequent Transaction had been previously cancelled under the Settlement Agreement. (AS 2301.08; AS 2410.11) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 5 AS 2410 11 During the year the issuer entered into a settlement agreement ('Settlement Agreement') with a related party ('Related Party A') in which the issuer returned rights related to software to Related Party A and Related Party A cancelled the issuer's remaining debt for the issuer's initial purchase of the software. Subsequent to this Settlement Agreement and after the issuer returned its rights to the software the issuer sold the software to another related party ('Related Party B') in exchange for other assets and a loan receivable. Subsequent to this transaction the issuer engaged in another transaction with Related Party A ('Subsequent Transaction') in which the issuer paid Related Party A other assets in exchange for cancellation of debt. The following deficiency was identified: · The firm did not perform any procedures to determine whether the debt cancellation in the Subsequent Transaction had been previously cancelled under the Settlement Agreement. (AS 2301.08; AS 2410.11) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 6 AS 2410 12a During the prior year the issuer sold certain assets to Related Party A in return for the cancellation of debt. In addition in the prior year Related Party A transferred these assets to another related party ('Related Party C') as settlement of debt. During the current year the issuer repurchased these assets from Related Party C for the issuance of preferred shares which were recorded as an expense. The issuer did not assign a book value to these assets. The following deficiency was identified: · The firm did not evaluate whether the terms and other information about the transaction were consistent with inquiries and other audit evidence about the business purpose (or lack thereof) of the transactions. (AS 2410.12a) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 7 AS 2401 67 During the prior year the issuer sold certain assets to Related Party A in return for the cancellation of debt. In addition in the prior year Related Party A transferred these assets to another related party ('Related Party C') as settlement of debt. During the current year the issuer repurchased these assets from Related Party C for the issuance of preferred shares which were recorded as an expense. The issuer did not assign a book value to these assets. The following deficiency was identified: · The firm did not evaluate whether the business purpose (or lack thereof) indicated that the transactions may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets. (AS 2401.67) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 8 AS 2301 8 During the prior year the issuer sold certain assets to Related Party A in return for the cancellation of debt. In addition in the prior year Related Party A transferred these assets to another related party ('Related Party C') as settlement of debt. During the current year the issuer repurchased these assets from Related Party C for the issuance of preferred shares which were recorded as an expense. The issuer did not assign a book value to these assets. The following deficiency was identified: · The firm did not perform any procedures to test the existence and valuation of the acquired assets. (AS 2301.08; AS 2410.11) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Related Party Transactions 8 AS 2410 11 During the prior year the issuer sold certain assets to Related Party A in return for the cancellation of debt. In addition in the prior year Related Party A transferred these assets to another related party ('Related Party C') as settlement of debt. During the current year the issuer repurchased these assets from Related Party C for the issuance of preferred shares which were recorded as an expense. The issuer did not assign a book value to these assets. The following deficiency was identified: · The firm did not perform any procedures to test the existence and valuation of the acquired assets. (AS 2301.08; AS 2410.11) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 9 AS 2301 8 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not perform any substantive procedures to establish that the issuer had control over these other assets to support its rights and obligations. (AS 2301.08 and .11; AS 2410.11) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 9 AS 2301 11 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not perform any substantive procedures to establish that the issuer had control over these other assets to support its rights and obligations. (AS 2301.08 and .11; AS 2410.11) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 9 AS 2410 11 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not perform any substantive procedures to establish that the issuer had control over these other assets to support its rights and obligations. (AS 2301.08 and .11; AS 2410.11) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 10 AS 1105 4 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reliability of information from a related party and data from an external provider that it used to test the existence of these other assets. (AS 1105.04 and .06) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 10 AS 1105 6 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reliability of information from a related party and data from an external provider that it used to test the existence of these other assets. (AS 1105.04 and .06) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 11 AS 1105 4 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reliability of pricing information that it used to test the valuation of these other assets. (AS 1105.04 and .06) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 11 AS 1105 6 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reliability of pricing information that it used to test the valuation of these other assets. (AS 1105.04 and .06) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 12 AS 2810 30 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not identify and evaluate a GAAP departure related to the issuer presenting Other Assets B as indefinite lived intangible assets while also carrying them at fair value. (AS 2810.30) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 13 AS 2301 8 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not evaluate whether the issuer's accounting for its other assets as (1) intangible assets and (2) as current or non-current assets was appropriate and in conformity with GAAP. (AS 2301.08 and .11) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 13 AS 2301 11 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not evaluate whether the issuer's accounting for its other assets as (1) intangible assets and (2) as current or non-current assets was appropriate and in conformity with GAAP. (AS 2301.08 and .11) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 14 AS 2410 17 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not evaluate whether the issuer's recording of revenue for the transfer of Other Assets A to a related party qualified as a transaction with a customer in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2410.17; AS 2810.03) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Other Assets Significant Risk 14 AS 2810 3 During the year the issuer acquired other assets from Related Party B ('Other Assets A') and recorded them as non-current intangible assets. The issuer subsequently disposed of the majority of Other Assets A in exchange primarily for the settlement of related party debt. The issuer presented this disposal as revenue and cost of sales. In addition the issuer acquired additional other assets ('Other Assets B') from a customer for services rendered and recorded them as current intangible assets. The following deficiency was identified: · The firm did not evaluate whether the issuer's recording of revenue for the transfer of Other Assets A to a related party qualified as a transaction with a customer in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2410.17; AS 2810.03) In connection with our review the issuer reevaluated the accounting for the transfer of Other Assets A as revenue and cost of sales and determined that a misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the accounting. Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Preferred Shares 15 AS 2301 8 During the year the issuer issued preferred shares and recorded them within stockholder's equity. The firm did not evaluate whether the issuer's accounting for and presentation of the issuance of these preferred shares was in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity and FASB ASC Topic 820 Fair Value Measurement. (AS 2301.08) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Preferred Shares 16 AS 1105 A8b The issuer engaged an external specialist to determine the fair value of the preferred shares. The following deficiency was identified: · The firm did not evaluate the reasonableness of the significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Preferred Shares 17 AS 1105 A8c The issuer engaged an external specialist to determine the fair value of the preferred shares. The following deficiency was identified: · The firm did not evaluate the appropriateness of the methods the company's specialist used to determine the fair value. (AS 1105.A8c) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Preferred Shares 18 AS 1105 A10 The issuer engaged an external specialist to determine the fair value of the preferred shares. The following deficiency was identified: · The firm did not identify and evaluate the effect on the fair value determination of certain inconsistencies related to the rights of the preferred shares between the company's specialist report the disclosures in the financial statements and the issuer's Amended Articles of Incorporation. (AS 1105.A9c and .A10) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Preferred Shares 18 AS 1105 A9c The issuer engaged an external specialist to determine the fair value of the preferred shares. The following deficiency was identified: · The firm did not identify and evaluate the effect on the fair value determination of certain inconsistencies related to the rights of the preferred shares between the company's specialist report the disclosures in the financial statements and the issuer's Amended Articles of Incorporation. (AS 1105.A9c and .A10) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Preferred Shares 19 AS 2301 8 The firm did not perform any procedures to test the issuer's financial statement disclosures regarding certain of the rights related to the preferred shares including consideration of the differences between the company's specialist's report the disclosures and the issuer's Amended Articles of Incorporation. (AS 2301.08; AS 2810.03) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Preferred Shares 19 AS 2810 3 The firm did not perform any procedures to test the issuer's financial statement disclosures regarding certain of the rights related to the preferred shares including consideration of the differences between the company's specialist's report the disclosures and the issuer's Amended Articles of Incorporation. (AS 2301.08; AS 2810.03) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 1 AS 2301 8 During the year the issuer issued convertible notes with warrants. The issuer engaged an external specialist to determine the standalone fair values of the convertible notes and warrants to determine the allocation of proceeds and recording of debt and equity associated with the transaction. The following deficiency was identified: · The firm did not evaluate whether the issuer's accounting for the convertible notes was in conformity with GAAP including whether (1) the conversion options should have been bifurcated and accounted for as derivatives in conformity with FASB ASC Topic 815 Derivatives and Hedging or (2) the convertible notes should have been separated into a liability component and the embedded conversion option in conformity with FASB ASC Topic 470 Debt. (AS 2301.08) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 1105 A8b During the year the issuer issued convertible notes with warrants. The issuer engaged an external specialist to determine the standalone fair values of the convertible notes and warrants to determine the allocation of proceeds and recording of debt and equity associated with the transaction. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumptions developed by the company's specialist to determine the fair values of the convertible notes and warrants. (AS 1105.A8b) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 3 AS 1105 A8c During the year the issuer issued convertible notes with warrants. The issuer engaged an external specialist to determine the standalone fair values of the convertible notes and warrants to determine the allocation of proceeds and recording of debt and equity associated with the transaction. The following deficiency was identified: · The firm did not perform any substantive procedures to evaluate whether the method used by the company's specialist to determine the fair values of the convertible notes and warrants was appropriate in the circumstances taking into account the requirements of the applicable financial reporting framework. (AS 1105.A8c) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 4 AS 2301 8 Subsequent to the issuance of the convertible notes with warrants the issuer also issued shares of common stock to the noteholder. The following deficiency was identified: · The firm did not perform substantive procedures beyond obtaining a copy of the securities purchase agreement to test the issuance of the shares to the noteholder. (AS 2301.08) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 5 AS 2301 8 Subsequent to the issuance of the convertible notes with warrants the issuer also issued shares of common stock to the noteholder. The following deficiency was identified: · The firm did not evaluate an apparent discrepancy between the statement of stockholders' equity and the issuer's footnote disclosures regarding the issuance of these shares. (AS 2301.08) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Assets Significant Risk 1 AS 2301 8 During the year the issuer changed the accounting and presentation of an asset from one asset class to another. The firm did not perform procedures to evaluate whether this change was appropriate including consideration of contrary evidence that indicated that the asset may not have met the criteria for the new classification. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Assets Significant Risk 1 AS 2301 11 During the year the issuer changed the accounting and presentation of an asset from one asset class to another. The firm did not perform procedures to evaluate whether this change was appropriate including consideration of contrary evidence that indicated that the asset may not have met the criteria for the new classification. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Assets Significant Risk 1 AS 2810 3 During the year the issuer changed the accounting and presentation of an asset from one asset class to another. The firm did not perform procedures to evaluate whether this change was appropriate including consideration of contrary evidence that indicated that the asset may not have met the criteria for the new classification. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Assets Significant Risk 2 AS 2301 8 During the year the issuer changed the accounting and presentation of an asset from one asset class to another. The firm did not perform procedures to evaluate whether this change in classification was appropriately presented and disclosed in conformity with FASB ASC Topic 205 Presentation of Financial Statements. (AS 2301.08 and .11) Triennially Inspected 6629 WEINSTEIN INTERNATIONAL CPA 2022 Israel 2023-09-14T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Other Assets Significant Risk 2 AS 2301 11 During the year the issuer changed the accounting and presentation of an asset from one asset class to another. The firm did not perform procedures to evaluate whether this change in classification was appropriately presented and disclosed in conformity with FASB ASC Topic 205 Presentation of Financial Statements. (AS 2301.08 and .11) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2301 8 During the year the issuer entered into agreements to jointly develop certain products and recorded the amounts paid in connection with these agreements as finite-lived intangible assets. The firm did not evaluate whether the issuer's capitalization of these costs met the requirements of FASB ASC Topic 730 Research and Development. (AS 2301.08) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2501 7 During the year the issuer entered into agreements to jointly develop certain products and recorded the amounts paid in connection with these agreements as finite-lived intangible assets. The firm did not perform procedures beyond inquiry to test the useful life established for these assets. (AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Related Transactions 3 AS 2501 10 During the year the issuer granted shares to non-employees for services. The firm's approach for substantively testing the fair value of these shares was to test the issuer's process. The firm did not evaluate whether the method used by the issuer to develop the fair value of these shares was (1) in conformity with the requirements of GAAP including FASB ASC Topic 820 Fair Value Measurement and (2) appropriate for the nature of the related account taking into account the firm's understanding of the issuer and its environment. (AS 2501.10) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2022 United States 2023-08-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of the resulting noncontrolling interest and goodwill. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of certain information used by the company's specialist to determine the fair value of these accounts. (AS 1105.A8a) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2022 United States 2023-08-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 A10 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of the resulting noncontrolling interest and goodwill. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of the work of the company's specialist because it did not identify that (1) certain information in the company specialist's valuation report was inconsistent with a disclosure in the issuer's financial statements and (2) the company's specialist report was not final even though the issuer disclosed that it had completed its valuation of the accounts. (AS 1105.A9 and .A10) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2022 United States 2023-08-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 A9 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair value of the resulting noncontrolling interest and goodwill. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of the work of the company's specialist because it did not identify that (1) certain information in the company specialist's valuation report was inconsistent with a disclosure in the issuer's financial statements and (2) the company's specialist report was not final even though the issuer disclosed that it had completed its valuation of the accounts. (AS 1105.A9 and .A10) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2022 United States 2023-08-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 1 AS 2501 7 The issuer reported derivative liabilities at fair value. The firm did not perform any procedures beyond inquiry of management and testing certain inputs used in the calculation to test the fair value of the derivative liabilities. (AS 2501.07) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2022 United States 2023-08-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm did not select journal entries and other adjustments that met its identified fraud characteristics for testing. (AS 2401.61) Triennially Inspected 297 ADKF, P.C. 2023 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Accounts Receivable Fraud Risk 1 AS 2310 29 The firm received electronic responses to its accounts receivable confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 1808 GBQ Partners LLC 2023 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2305 21 To test certain costs related to inventory the firm performed a substantive analytical procedure and developed a percentage as its expectation. The firm compared its expectation to the actual percentage and applied the percentage difference to the wrong amount. As a result the firm did not identify and evaluate a significant difference between its expectation and the actual amount. (AS 2305.21) Triennially Inspected 3984 Velasquez, Mazuelos y Asociados Sociedad Civil de Responsabilidad Limitada 2022 Peru Deloitte Touche Tohmatsu Limited 2023-08-24T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 42 During the year the issuer identified events indicating that the carrying value of one of its long-lived assets may not be recoverable and performed an impairment analysis. The firm selected for testing a control that included the issuer's review of the impairment calculation. The firm did not evaluate the specific review procedures that the control owners performed to assess the completeness of the asset's carrying value used in the impairment calculation. (AS 2201.42 and .44) Triennially Inspected 3984 Velasquez, Mazuelos y Asociados Sociedad Civil de Responsabilidad Limitada 2022 Peru Deloitte Touche Tohmatsu Limited 2023-08-24T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 44 During the year the issuer identified events indicating that the carrying value of one of its long-lived assets may not be recoverable and performed an impairment analysis. The firm selected for testing a control that included the issuer's review of the impairment calculation. The firm did not evaluate the specific review procedures that the control owners performed to assess the completeness of the asset's carrying value used in the impairment calculation. (AS 2201.42 and .44) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 Prior to the report release date the firm did not complete all necessary auditing procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the performance and review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1215.15) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1215 15 Prior to the report release date the firm did not complete all necessary auditing procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the performance and review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1215.15) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction 2 AS 2301 8 The issuer engaged in a significant transaction. The firm did not perform any procedures to evaluate whether the transaction was accounted for in conformity with GAAP. (AS 2301.08) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not perform any procedures to evaluate whether certain transactions were appropriately presented as revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm did not perform any procedures to evaluate whether certain transactions were appropriately presented as revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 4 AS 2310 28 To test certain significant accounts the firm's substantive procedures included confirmation of the balances. The issuer sent the confirmation request on behalf of the firm and received the response directly from the recipient of the request. The firm did not maintain control of the confirmation request and response through direct communication with the intended recipient of the confirmation request. (AS 2310.28) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 5 AS 2501 7 To test certain significant accounts the firm's substantive procedures included confirmation of the balances. The issuer sent the confirmation request on behalf of the firm and received the response directly from the recipient of the request. For one of these significant accounts the firm did not perform substantive procedures beyond comparing the amount to the confirmation to test the valuation of the account. (AS 2501.07) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 6 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's presentation of a significant account. (AS 2810.30 and .31) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts Fraud Risk 6 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's presentation of a significant account. (AS 2810.30 and .31) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2401 61 The firm did not select journal entries and other adjustments for testing. (AS 2401.61) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 Prior to the report release date the firm did not complete all necessary auditing procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the performance and review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1215.15) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1215 15 Prior to the report release date the firm did not complete all necessary auditing procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the performance and review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1215.15) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Transaction 2 AS 2301 8 The issuer engaged in a significant transaction. The firm did not perform any procedures to evaluate whether the transaction was accounted for in conformity with GAAP. (AS 2301.08) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2301 8 The firm did not perform any procedures to test the appropriateness of the capitalization of certain costs to long-lived assets. (AS 2301.08) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 The firm did not select journal entries and other adjustments for testing. (AS 2401.61) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 Prior to the report release date the firm did not complete all necessary auditing procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the performance and review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1215.15) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1215 15 Prior to the report release date the firm did not complete all necessary auditing procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the performance and review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1215.15) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 For one of the issuer's subsidiaries the firm did not perform any procedures to identify and select journal entries and other adjustments for testing without having an appropriate basis for excluding that subsidiary. (AS 2401.61) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 For another of the issuer's subsidiaries the firm identified journal entries that met certain criteria for testing. The firm did not examine the underlying support for the journal entries and instead limited its procedures to inquiry of management. (AS 2401.61) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 10 The firm's substantive procedures at year end to test certain inventory included performing physical inventory count procedures using a report obtained from the issuer. The firm did not perform any procedures to test the completeness of the report. (AS 1105.10) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2301 8 The firm's substantive procedures at year end to test certain inventory included performing physical inventory count procedures using a report obtained from the issuer. The firm did not perform procedures beyond inquiry and observation of the physical condition of inventory to test the price of this inventory and the related reserve. (AS 2301.08; AS 2501.07) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2501 7 The firm's substantive procedures at year end to test certain inventory included performing physical inventory count procedures using a report obtained from the issuer. The firm did not perform procedures beyond inquiry and observation of the physical condition of inventory to test the price of this inventory and the related reserve. (AS 2301.08; AS 2501.07) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2022 United States 2023-08-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2301 8 The issuer wrote off certain other inventory at year end. The firm did not perform any procedures to evaluate this write-off. (AS 2301.08) Triennially Inspected 171 Horne LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 1 AS 2501 16 The issuer's general reserve of the ALL included a qualitative reserve component that was determined by applying basis points to each of the identified qualitative factors and applying the average of those rates to each loan segment. The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions related to the basis points and for its selection of assumptions from a range of potential assumptions. (AS 2501.16) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's substantive procedures to test revenue included testing a selection of revenue transactions and performing year-end cut-off procedures. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer recognized revenue in accordance with FASB ASC 606 Revenue from Contracts with Customers (FASB ASC 606) because it did not perform procedures to evaluate whether (1) customers agreed to the price and quantity for certain revenue transactions selected for testing and (2) a customer contract met the five criteria described in FASB ASC 606 to qualify as such. (AS 2301.08 and .13) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's substantive procedures to test revenue included testing a selection of revenue transactions and performing year-end cut-off procedures. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer recognized revenue in accordance with FASB ASC 606 Revenue from Contracts with Customers (FASB ASC 606) because it did not perform procedures to evaluate whether (1) customers agreed to the price and quantity for certain revenue transactions selected for testing and (2) a customer contract met the five criteria described in FASB ASC 606 to qualify as such. (AS 2301.08 and .13) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's substantive procedures to test revenue included testing a selection of revenue transactions and performing year-end cut-off procedures. The following deficiency was identified: · The firm did not perform sufficient procedures to test revenue cut-off because the firm did not consider contrary evidence related to certain revenue transactions selected for testing which indicated that the revenue may not have been recognized in the correct period. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's substantive procedures to test revenue included testing a selection of revenue transactions and performing year-end cut-off procedures. The following deficiency was identified: · The firm did not perform sufficient procedures to test revenue cut-off because the firm did not consider contrary evidence related to certain revenue transactions selected for testing which indicated that the revenue may not have been recognized in the correct period. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 3 The firm's substantive procedures to test revenue included testing a selection of revenue transactions and performing year-end cut-off procedures. The following deficiency was identified: · The firm did not perform sufficient procedures to test revenue cut-off because the firm did not consider contrary evidence related to certain revenue transactions selected for testing which indicated that the revenue may not have been recognized in the correct period. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm's substantive procedures to test revenue included testing a selection of revenue transactions and performing year-end cut-off procedures. The following deficiency was identified: · The firm did not perform any substantive procedures to test product returns. (AS 2301.08 and .13) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm's substantive procedures to test revenue included testing a selection of revenue transactions and performing year-end cut-off procedures. The following deficiency was identified: · The firm did not perform any substantive procedures to test product returns. (AS 2301.08 and .13) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 7 The firm did not perform procedures to test certain intangible assets for impairment beyond comparing the book value of the assets to the corresponding revenue stream for the current year. (AS 2501.07) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 5 AS 1105 10 The firm did not perform procedures to test or test any controls over the accuracy and completeness of the revenue streams used in its impairment testing of these intangible assets. (AS 1105.10) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 6 AS 2810 10 The firm identified uncorrected misstatements in the current year audit. The firm did not accumulate certain uncorrected misstatements related to revenue and cost of goods sold including the firm's best estimate of the total misstatement in the related accounts and disclosures tested and evaluate whether they were material individually or in combination with other misstatements. (AS 2810.10 .12 and .17) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 6 AS 2810 12 The firm identified uncorrected misstatements in the current year audit. The firm did not accumulate certain uncorrected misstatements related to revenue and cost of goods sold including the firm's best estimate of the total misstatement in the related accounts and disclosures tested and evaluate whether they were material individually or in combination with other misstatements. (AS 2810.10 .12 and .17) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 6 AS 2810 17 The firm identified uncorrected misstatements in the current year audit. The firm did not accumulate certain uncorrected misstatements related to revenue and cost of goods sold including the firm's best estimate of the total misstatement in the related accounts and disclosures tested and evaluate whether they were material individually or in combination with other misstatements. (AS 2810.10 .12 and .17) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 1 AS 2501 7 The firm did not perform any substantive procedures to test the allowance for doubtful accounts. (AS 2501.07) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Financial Reporting and Close Significant Risk 2 AS 2301 8 The firm did not perform any procedures to test an adjustment recorded by the issuer during the financial reporting and close process. (AS 2301.08 and .11) Triennially Inspected 287 Liggett & Webb, P.A. 2022 United States 2023-08-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Financial Reporting and Close Significant Risk 2 AS 2301 11 The firm did not perform any procedures to test an adjustment recorded by the issuer during the financial reporting and close process. (AS 2301.08 and .11) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 42 The issuer generated certain revenues from the sale of products licenses and royalties collaborations and grants. The following deficiency was identified: · The firm selected for testing controls over the issuer's review of revenue and related accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 44 The issuer generated certain revenues from the sale of products licenses and royalties collaborations and grants. The following deficiency was identified: · The firm selected for testing controls over the issuer's review of revenue and related accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 2 AS 2201 42 The issuer generated certain revenues from the sale of products licenses and royalties collaborations and grants. The following deficiency was identified: · The firm selected for testing a control over the issuer's review of the accounting treatment for certain revenue contracts to address a fraud risk associated with the related revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not evaluate whether this control was designed to address the fraud risk it identified. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 2 AS 2201 44 The issuer generated certain revenues from the sale of products licenses and royalties collaborations and grants. The following deficiency was identified: · The firm selected for testing a control over the issuer's review of the accounting treatment for certain revenue contracts to address a fraud risk associated with the related revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not evaluate whether this control was designed to address the fraud risk it identified. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 3 AS 2201 39 The issuer used a service organization to initiate and process certain of its revenue transactions related to the sale of products. The firm did not perform any procedures to evaluate whether the issuer implemented the appropriate complementary user controls as described in the service auditor's report. (AS 2201.39 and .B22) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 3 AS 2201 B22 The issuer used a service organization to initiate and process certain of its revenue transactions related to the sale of products. The firm did not perform any procedures to evaluate whether the issuer implemented the appropriate complementary user controls as described in the service auditor's report. (AS 2201.39 and .B22) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 4 AS 2201 39 The issuer used another service organization to ship the products and record these transactions. The firm did not perform any procedures to obtain evidence regarding the controls over the activities performed by this service organization. (AS 2201.39 and .B19) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 4 AS 2201 B19 The issuer used another service organization to ship the products and record these transactions. The firm did not perform any procedures to obtain evidence regarding the controls over the activities performed by this service organization. (AS 2201.39 and .B19) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 2201 42 During the year the issuer acquired several businesses. The firm selected for testing controls that included the issuer's review of the business combinations. The firm did not evaluate the specific review procedures that the control owners performed over the appropriateness of the accounting treatment the fair value of the acquired intangible assets and the allocation of the purchase price. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 2201 44 During the year the issuer acquired several businesses. The firm selected for testing controls that included the issuer's review of the business combinations. The firm did not evaluate the specific review procedures that the control owners performed over the appropriateness of the accounting treatment the fair value of the acquired intangible assets and the allocation of the purchase price. (AS 2201.42 and .44) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1105 A8b The firm's approach for substantively testing the fair value of the intangible assets and goodwill was to test the issuer's process and the firm engaged an external specialist to evaluate the reasonableness of the assumptions developed by the company's specialist and the appropriateness of the methods used by the company's specialist. The firm did not sufficiently test the fair value of the intangible assets and goodwill because it did not identify that the auditor-engaged specialist did not evaluate (1) the reasonableness of the significant assumptions and (2) whether the method(s) used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework. (AS 1105.A8b and .A8c; AS 1210.09 and .12) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1105 A8c The firm's approach for substantively testing the fair value of the intangible assets and goodwill was to test the issuer's process and the firm engaged an external specialist to evaluate the reasonableness of the assumptions developed by the company's specialist and the appropriateness of the methods used by the company's specialist. The firm did not sufficiently test the fair value of the intangible assets and goodwill because it did not identify that the auditor-engaged specialist did not evaluate (1) the reasonableness of the significant assumptions and (2) whether the method(s) used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework. (AS 1105.A8b and .A8c; AS 1210.09 and .12) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1210 9 The firm's approach for substantively testing the fair value of the intangible assets and goodwill was to test the issuer's process and the firm engaged an external specialist to evaluate the reasonableness of the assumptions developed by the company's specialist and the appropriateness of the methods used by the company's specialist. The firm did not sufficiently test the fair value of the intangible assets and goodwill because it did not identify that the auditor-engaged specialist did not evaluate (1) the reasonableness of the significant assumptions and (2) whether the method(s) used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework. (AS 1105.A8b and .A8c; AS 1210.09 and .12) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1210 12 The firm's approach for substantively testing the fair value of the intangible assets and goodwill was to test the issuer's process and the firm engaged an external specialist to evaluate the reasonableness of the assumptions developed by the company's specialist and the appropriateness of the methods used by the company's specialist. The firm did not sufficiently test the fair value of the intangible assets and goodwill because it did not identify that the auditor-engaged specialist did not evaluate (1) the reasonableness of the significant assumptions and (2) whether the method(s) used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework. (AS 1105.A8b and .A8c; AS 1210.09 and .12) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 8 During the year the issuer recorded revenue net of sales discounts. The firm did not perform any substantive procedures to test sales discounts including the related disclosures. (AS 2301.08 and .13) Triennially Inspected 324 Macias Gini & O'Connell LLP 2022 United States 2023-08-10T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2301 13 During the year the issuer recorded revenue net of sales discounts. The firm did not perform any substantive procedures to test sales discounts including the related disclosures. (AS 2301.08 and .13) Triennially Inspected 673 Richey, May & Co., LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Expenses and Related Reimbursements 1 AS 2810 30 The firm did not sufficiently evaluate a GAAP departure related to the issuer's failure to accrue certain unpaid expenses and related reimbursements receivable at year end in conformity with FASB ASC Topic 946 Financial Services—Investment Companies. Specifically the firm identified multiple unpaid expenses that were not recorded by the issuer at year end. The firm documented that such expenses would be reimbursed and therefore would not impact the issuer's net asset value. The firm did not evaluate the effect of the misstatements in relation to the specific accounts and disclosures involved. (AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2022 United States 2023-08-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Expenses and Related Reimbursements 1 AS 2810 31 The firm did not sufficiently evaluate a GAAP departure related to the issuer's failure to accrue certain unpaid expenses and related reimbursements receivable at year end in conformity with FASB ASC Topic 946 Financial Services—Investment Companies. Specifically the firm identified multiple unpaid expenses that were not recorded by the issuer at year end. The firm documented that such expenses would be reimbursed and therefore would not impact the issuer's net asset value. The firm did not evaluate the effect of the misstatements in relation to the specific accounts and disclosures involved. (AS 2810.30 and .31) Triennially Inspected 6706 TPS Thayer LLC 2022 United States 2023-08-10T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Journal Entries 1 AS 2201 42 The firm selected for testing a control that included the review of journal entries. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 6706 TPS Thayer LLC 2022 United States 2023-08-10T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Journal Entries 1 AS 2201 44 The firm selected for testing a control that included the review of journal entries. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 677 Cherry Bekaert LLC 2022 United States 2023-08-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity Fraud Risk 1 AS 2501 16 The firm's approach for substantively testing the fair value of preferred stock issued during the year by the issuer in certain transactions was to develop an independent expectation. The firm used certain of the issuer's assumptions in developing its expectation. The firm did not perform procedures beyond obtaining the issuer's analyses to evaluate these significant assumptions. (AS 2501.16) Triennially Inspected 794 Hancock Askew & Co., LLP 2022 United States 2023-08-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The following deficiencies were identified with respect to the firm's testing of revenue: · The firm did not perform sufficient procedures to evaluate whether the issuer appropriately recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because the firm did not evaluate whether the transactions were an exchange for a good or service that was an output of the issuer's ordinary activities. (AS 2301.08 and .13) Triennially Inspected 794 Hancock Askew & Co., LLP 2022 United States 2023-08-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The following deficiencies were identified with respect to the firm's testing of revenue: · The firm did not perform sufficient procedures to evaluate whether the issuer appropriately recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because the firm did not evaluate whether the transactions were an exchange for a good or service that was an output of the issuer's ordinary activities. (AS 2301.08 and .13) Triennially Inspected 794 Hancock Askew & Co., LLP 2022 United States 2023-08-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The following deficiencies were identified with respect to the firm's testing of revenue: · With respect to revenue disclosures the firm did not evaluate whether the disclosures about the issuer's agreements under which they recorded revenue were an accurate description of the nature of the contractual arrangements entered into by the issuer and the counterparties to the contracts. (AS 2301.08 and .13) Triennially Inspected 794 Hancock Askew & Co., LLP 2022 United States 2023-08-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The following deficiencies were identified with respect to the firm's testing of revenue: · With respect to revenue disclosures the firm did not evaluate whether the disclosures about the issuer's agreements under which they recorded revenue were an accurate description of the nature of the contractual arrangements entered into by the issuer and the counterparties to the contracts. (AS 2301.08 and .13) Triennially Inspected 794 Hancock Askew & Co., LLP 2022 United States 2023-08-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2301 8 With respect to certain finite-lived intangible assets the firm did not perform sufficient procedures to evaluate whether the assets were appropriately accounted for in conformity with FASB ASC Topic 350 Intangibles—Goodwill and Other. Specifically the firm did not evaluate the appropriateness of (1) the classification of the assets as finite-lived intangible assets and (2) the useful lives assigned to the assets when no contractual term was present including the amortization expense recorded thereafter. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 794 Hancock Askew & Co., LLP 2022 United States 2023-08-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2301 11 With respect to certain finite-lived intangible assets the firm did not perform sufficient procedures to evaluate whether the assets were appropriately accounted for in conformity with FASB ASC Topic 350 Intangibles—Goodwill and Other. Specifically the firm did not evaluate the appropriateness of (1) the classification of the assets as finite-lived intangible assets and (2) the useful lives assigned to the assets when no contractual term was present including the amortization expense recorded thereafter. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 794 Hancock Askew & Co., LLP 2022 United States 2023-08-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2810 3 With respect to certain finite-lived intangible assets the firm did not perform sufficient procedures to evaluate whether the assets were appropriately accounted for in conformity with FASB ASC Topic 350 Intangibles—Goodwill and Other. Specifically the firm did not evaluate the appropriateness of (1) the classification of the assets as finite-lived intangible assets and (2) the useful lives assigned to the assets when no contractual term was present including the amortization expense recorded thereafter. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 794 Hancock Askew & Co., LLP 2022 United States 2023-08-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2301 8 The issuer reported certain assets that were held by an outside party. The firm did not perform sufficient procedures to test the issuer's rights to these assets because it limited its procedures to confirmation review of the issuer's transaction detail and observation of the issuer logging in to an account with the outside party. (AS 2301.08) Triennially Inspected 1098 Deloitte Anjin LLC 2022 South Korea Deloitte Touche Tohmatsu Limited 2023-08-01T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 42 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue. The firm selected for testing a control that consisted of the issuer's review and approval of the allocated sales incentives. The firm did not evaluate the specific review procedures that the control owner performed to assess the accuracy of the calculated sales incentives. (AS 2201.42 and .44) Triennially Inspected 1098 Deloitte Anjin LLC 2022 South Korea Deloitte Touche Tohmatsu Limited 2023-08-01T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 44 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue. The firm selected for testing a control that consisted of the issuer's review and approval of the allocated sales incentives. The firm did not evaluate the specific review procedures that the control owner performed to assess the accuracy of the calculated sales incentives. (AS 2201.42 and .44) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 1 AS 2201 46 The issuer used seven information-technology (IT) systems to initiate process and record transactions related to certain revenue and the related accounts receivable and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used seven information-technology (IT) systems to initiate process and record transactions related to certain revenue and the related accounts receivable and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The issuer used seven information-technology (IT) systems to initiate process and record transactions related to certain revenue and the related accounts receivable and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 2 AS 2201 48 With respect to change management: The firm selected for testing a change management control over all seven IT systems that consisted of the documentation testing and approval of changes prior to their implementation into production and all changes made in the production environment were to be recorded in a ticketing system. The following deficiency was identified: · For one IT system the firm did not evaluate the effect of the issuer's exclusion of a known change to a system report that did not have a ticket on the firm's conclusions regarding the design and operating effectiveness of this control. (AS 2201.48) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 48 With respect to change management: The firm selected for testing a change management control over all seven IT systems that consisted of the documentation testing and approval of changes prior to their implementation into production and all changes made in the production environment were to be recorded in a ticketing system. The following deficiency was identified: · For one IT system the firm did not evaluate the effect of the issuer's exclusion of a known change to a system report that did not have a ticket on the firm's conclusions regarding the design and operating effectiveness of this control. (AS 2201.48) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 48 With respect to change management: The firm selected for testing a change management control over all seven IT systems that consisted of the documentation testing and approval of changes prior to their implementation into production and all changes made in the production environment were to be recorded in a ticketing system. The following deficiency was identified: · For one IT system the firm did not evaluate the effect of the issuer's exclusion of a known change to a system report that did not have a ticket on the firm's conclusions regarding the design and operating effectiveness of this control. (AS 2201.48) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 3 AS 1105 10 With respect to change management: The firm selected for testing a change management control over all seven IT systems that consisted of the documentation testing and approval of changes prior to their implementation into production and all changes made in the production environment were to be recorded in a ticketing system. The following deficiency was identified: · For all seven IT systems the firm did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections because for a seven-month interim period the firm obtained tickets for a sample of changes from certain IT systems but did not verify that they were included in the population and the firm did not perform any procedures to test completeness of the population subsequent to the interim period. Further the firm did not (1) sufficiently evaluate a known change that did not have a ticket and whether other changes could have been made without a ticket and (2) evaluate another known change to a report that had a ticket but was excluded from the population. (AS 1105.10; AS 2810.03) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 1105 10 With respect to change management: The firm selected for testing a change management control over all seven IT systems that consisted of the documentation testing and approval of changes prior to their implementation into production and all changes made in the production environment were to be recorded in a ticketing system. The following deficiency was identified: · For all seven IT systems the firm did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections because for a seven-month interim period the firm obtained tickets for a sample of changes from certain IT systems but did not verify that they were included in the population and the firm did not perform any procedures to test completeness of the population subsequent to the interim period. Further the firm did not (1) sufficiently evaluate a known change that did not have a ticket and whether other changes could have been made without a ticket and (2) evaluate another known change to a report that had a ticket but was excluded from the population. (AS 1105.10; AS 2810.03) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 With respect to change management: The firm selected for testing a change management control over all seven IT systems that consisted of the documentation testing and approval of changes prior to their implementation into production and all changes made in the production environment were to be recorded in a ticketing system. The following deficiency was identified: · For all seven IT systems the firm did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections because for a seven-month interim period the firm obtained tickets for a sample of changes from certain IT systems but did not verify that they were included in the population and the firm did not perform any procedures to test completeness of the population subsequent to the interim period. Further the firm did not (1) sufficiently evaluate a known change that did not have a ticket and whether other changes could have been made without a ticket and (2) evaluate another known change to a report that had a ticket but was excluded from the population. (AS 1105.10; AS 2810.03) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 3 AS 2810 3 With respect to change management: The firm selected for testing a change management control over all seven IT systems that consisted of the documentation testing and approval of changes prior to their implementation into production and all changes made in the production environment were to be recorded in a ticketing system. The following deficiency was identified: · For all seven IT systems the firm did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections because for a seven-month interim period the firm obtained tickets for a sample of changes from certain IT systems but did not verify that they were included in the population and the firm did not perform any procedures to test completeness of the population subsequent to the interim period. Further the firm did not (1) sufficiently evaluate a known change that did not have a ticket and whether other changes could have been made without a ticket and (2) evaluate another known change to a report that had a ticket but was excluded from the population. (AS 1105.10; AS 2810.03) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2810 3 With respect to change management: The firm selected for testing a change management control over all seven IT systems that consisted of the documentation testing and approval of changes prior to their implementation into production and all changes made in the production environment were to be recorded in a ticketing system. The following deficiency was identified: · For all seven IT systems the firm did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections because for a seven-month interim period the firm obtained tickets for a sample of changes from certain IT systems but did not verify that they were included in the population and the firm did not perform any procedures to test completeness of the population subsequent to the interim period. Further the firm did not (1) sufficiently evaluate a known change that did not have a ticket and whether other changes could have been made without a ticket and (2) evaluate another known change to a report that had a ticket but was excluded from the population. (AS 1105.10; AS 2810.03) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 3 With respect to change management: The firm selected for testing a change management control over all seven IT systems that consisted of the documentation testing and approval of changes prior to their implementation into production and all changes made in the production environment were to be recorded in a ticketing system. The following deficiency was identified: · For all seven IT systems the firm did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections because for a seven-month interim period the firm obtained tickets for a sample of changes from certain IT systems but did not verify that they were included in the population and the firm did not perform any procedures to test completeness of the population subsequent to the interim period. Further the firm did not (1) sufficiently evaluate a known change that did not have a ticket and whether other changes could have been made without a ticket and (2) evaluate another known change to a report that had a ticket but was excluded from the population. (AS 1105.10; AS 2810.03) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 4 AS 2301 16 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 16 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 4 AS 2301 18 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 18 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 18 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 4 AS 2301 37 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 37 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 37 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 4 AS 2315 19 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 19 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 4 AS 2315 23 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 23 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 4 AS 2315 23A As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 23A As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test the existence and valuation of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Account Receivable 5 AS 1105 10 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm did not perform any substantive procedures to test or as discussed above with respect to change management sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used to substantively test certain deferred revenue. (AS 1105.10) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 1105 10 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm did not perform any substantive procedures to test or as discussed above with respect to change management sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used to substantively test certain deferred revenue. (AS 1105.10) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 1105 10 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm did not perform any substantive procedures to test or as discussed above with respect to change management sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used to substantively test certain deferred revenue. (AS 1105.10) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 42 For certain revenue the firm selected for testing a control that consisted of the reconciliation of data used to recognize revenue between two IT applications. The firm did not evaluate the specific review procedures that the control owner performed to investigate and resolve certain reconciling differences identified during the performance of the control. (AS 2201.42 and .44) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 44 For certain revenue the firm selected for testing a control that consisted of the reconciliation of data used to recognize revenue between two IT applications. The firm did not evaluate the specific review procedures that the control owner performed to investigate and resolve certain reconciling differences identified during the performance of the control. (AS 2201.42 and .44) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 39 For certain revenue the firm selected for testing a control that consisted of the reconciliation of data used to recognize revenue between two IT applications. The firm did not identify and test any controls over the accuracy and completeness of a manually generated spreadsheet used in the operation of this control. (AS 2201.39) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 39 For certain other revenue the firm selected for testing a control that consisted of the reconciliation of data used to recognize revenue and the generation and review of a system-generated exception report. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 42 For certain other revenue the firm selected for testing a control that consisted of the reconciliation of data used to recognize revenue between two other IT applications. The firm did not perform procedures to test an IT application control over the accuracy and completeness of a system-generated exception report used in the operation of this control beyond manually reperforming a reconciliation and evaluating the reasonableness of certain differences it had identified between the exceptions listed in the system-generated report and the exceptions identified in its independently prepared reconciliation. (AS 2201.42 and .44) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 44 For certain other revenue the firm selected for testing a control that consisted of the reconciliation of data used to recognize revenue between two other IT applications. The firm did not perform procedures to test an IT application control over the accuracy and completeness of a system-generated exception report used in the operation of this control beyond manually reperforming a reconciliation and evaluating the reasonableness of certain differences it had identified between the exceptions listed in the system-generated report and the exceptions identified in its independently prepared reconciliation. (AS 2201.42 and .44) Triennially Inspected 1435 Ernst & Young 2022 Australia Ernst & Young Global Limited 2023-08-01T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 1105 10 The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. To test this data the firm took a controls reliance approach. The firm selected for testing a control over the application of cash receipts from the bank statements to outstanding sales invoices that included the matching of unallocated cash receipts to the corresponding customer receivable accounts. The firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the population of transactions from which it made its selections to test this control. (AS 1105.10) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Transaction 1 AS 2401 67 During the year the issuer entered into a transaction. The firm did not evaluate whether the business purpose (or lack thereof) of this transaction indicated that it may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets given certain facts regarding the transaction. (AS 2401.67) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Transaction 2 AS 2405 10 During the year the issuer entered into a transaction. The firm did not take any action in response to a fact regarding this transaction that indicated a possible illegal act. (AS 2405.10) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 2301 8 During the year the issuer recorded an asset. The issuer engaged an external specialist to determine the fair value of this asset. The following deficiencies were identified: · The firm did not evaluate whether the issuer's accounting for this asset was in conformity with GAAP. (AS 2301.08 and .11) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 2301 11 During the year the issuer recorded an asset. The issuer engaged an external specialist to determine the fair value of this asset. The following deficiencies were identified: · The firm did not evaluate whether the issuer's accounting for this asset was in conformity with GAAP. (AS 2301.08 and .11) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 4 AS 1105 A8b During the year the issuer recorded an asset. The issuer engaged an external specialist to determine the fair value of this asset. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 5 AS 2501 16 During the year the issuer recorded an asset. The issuer engaged an external specialist to determine the fair value of this asset. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 2501.16) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 6 AS 1105 4 During the year the issuer recorded an asset. The issuer engaged an external specialist to determine the fair value of this asset. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate the reasonableness of certain other significant assumptions developed by the issuer because the firm did not evaluate the reliability of certain external information it used. (AS 1105.04 and .06) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 6 AS 1105 6 During the year the issuer recorded an asset. The issuer engaged an external specialist to determine the fair value of this asset. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate the reasonableness of certain other significant assumptions developed by the issuer because the firm did not evaluate the reliability of certain external information it used. (AS 1105.04 and .06) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 7 AS 2501 16 During the year the issuer recorded an asset. The issuer engaged an external specialist to determine the fair value of this asset. The following deficiencies were identified: · In evaluating the reasonableness of these significant assumptions the firm did not take into account the issuer's ability to carry out the actions necessary to meet the assumptions. (AS 2501.16 and .17) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 7 AS 2501 17 During the year the issuer recorded an asset. The issuer engaged an external specialist to determine the fair value of this asset. The following deficiencies were identified: · In evaluating the reasonableness of these significant assumptions the firm did not take into account the issuer's ability to carry out the actions necessary to meet the assumptions. (AS 2501.16 and .17) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 8 AS 2501 16 During the year the issuer also recorded certain other assets at fair value. The firm did not perform any substantive procedures to evaluate the reasonableness of the issuer's assumption used to determine the fair value. Further the firm did not evaluate the consistency of this assumption with market information it obtained. (AS 2501.16) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 8 The issuer recognized revenue from different sources. The following deficiencies were identified: · The firm did not evaluate whether certain arrangements in its contracts with customers represented performance obligations. (AS 2301.08 and .13) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 13 The issuer recognized revenue from different sources. The following deficiencies were identified: · The firm did not evaluate whether certain arrangements in its contracts with customers represented performance obligations. (AS 2301.08 and .13) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2301 8 The issuer recognized revenue from different sources. The following deficiencies were identified: · The firm did not evaluate the effect of certain sales terms and conditions on the transaction price. (AS 2301.08 and .13) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2301 13 The issuer recognized revenue from different sources. The following deficiencies were identified: · The firm did not evaluate the effect of certain sales terms and conditions on the transaction price. (AS 2301.08 and .13) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 11 AS 2301 8 The issuer recognized revenue from different sources. The following deficiencies were identified: · For certain revenue the firm did not evaluate whether the existence of certain arrangements or terms and conditions affected when performance obligations were satisfied. (AS 2301.08 and .13) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 11 AS 2301 13 The issuer recognized revenue from different sources. The following deficiencies were identified: · For certain revenue the firm did not evaluate whether the existence of certain arrangements or terms and conditions affected when performance obligations were satisfied. (AS 2301.08 and .13) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2301 8 The issuer recognized revenue from different sources. The following deficiencies were identified: · The firm did not perform procedures beyond completing a disclosure checklist to evaluate whether the disclosures in the financial statements met certain requirements of FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2301 13 The issuer recognized revenue from different sources. The following deficiencies were identified: · The firm did not perform procedures beyond completing a disclosure checklist to evaluate whether the disclosures in the financial statements met certain requirements of FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 13 AS 1105 4 The issuer recognized revenue from different sources. The following deficiencies were identified: · The firm used certain external information in its substantive procedures to test certain revenue but did not perform any procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 13 AS 1105 6 The issuer recognized revenue from different sources. The following deficiencies were identified: · The firm used certain external information in its substantive procedures to test certain revenue but did not perform any procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 14 AS 2301 13 The firm did not perform procedures to address a fraud risk related to the misappropriation of cash beyond (1) obtaining evidence that an individual who had incompatible duties performed a cash count at a date that was not at or near the end of the year in which a difference was identified and (2) obtaining cash logs which included certain transactions that did not appear to have a clear business purpose or evidence of proper authorization. (AS 2301.13; AS 2401.56) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 14 AS 2401 54 The firm did not perform procedures to address a fraud risk related to the misappropriation of cash beyond (1) obtaining evidence that an individual who had incompatible duties performed a cash count at a date that was not at or near the end of the year in which a difference was identified and (2) obtaining cash logs which included certain transactions that did not appear to have a clear business purpose or evidence of proper authorization. (AS 2301.13; AS 2401.56) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 15 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing for evidence of possible material misstatement due to fraud. (AS 2401.58) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Debt 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's misclassification of certain debt as non-current which was not in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) Triennially Inspected 454 L&L CPAS, PA 2022 United States 2023-07-13T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Debt 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's misclassification of certain debt as non-current which was not in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) Triennially Inspected 1350 PricewaterhouseCoopers Reviseurs d'Entreprites 2022 Belgium PricewaterhouseCoopers International Limited 2023-07-13T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of changes made to the inventory master file data that the issuer used to record inventory transactions. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1350 PricewaterhouseCoopers Reviseurs d'Entreprites 2022 Belgium PricewaterhouseCoopers International Limited 2023-07-13T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of changes made to the inventory master file data that the issuer used to record inventory transactions. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1350 PricewaterhouseCoopers Reviseurs d'Entreprites 2022 Belgium PricewaterhouseCoopers International Limited 2023-07-13T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 42 The firm selected for testing another control that consisted of the issuer's review of purchase price and other variances that the issuer used to value its inventories. The firm did not perform procedures to test the design and operating effectiveness of this control beyond inquiry of management. (AS 2201.42 and .44) Triennially Inspected 1350 PricewaterhouseCoopers Reviseurs d'Entreprites 2022 Belgium PricewaterhouseCoopers International Limited 2023-07-13T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 44 The firm selected for testing another control that consisted of the issuer's review of purchase price and other variances that the issuer used to value its inventories. The firm did not perform procedures to test the design and operating effectiveness of this control beyond inquiry of management. (AS 2201.42 and .44) Triennially Inspected 1350 PricewaterhouseCoopers Reviseurs d'Entreprites 2022 Belgium PricewaterhouseCoopers International Limited 2023-07-13T00:00:00 Part I.A B Yes ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm selected for testing a control that consisted of the issuer's review of changes made to customer master file data that the issuer used to record revenue transactions. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1350 PricewaterhouseCoopers Reviseurs d'Entreprites 2022 Belgium PricewaterhouseCoopers International Limited 2023-07-13T00:00:00 Part I.A B Yes ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiency below. The firm selected for testing a control that consisted of the issuer's review of changes made to customer master file data that the issuer used to record revenue transactions. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 2416 Grant Thornton Bharat LLP 2022 India Grant Thornton International Limited 2023-07-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of a review of customer contracts for proper revenue recognition including the identification and evaluation of terms and conditions in such contracts that affect the recognition of certain revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and 44) Triennially Inspected 2416 Grant Thornton Bharat LLP 2022 India Grant Thornton International Limited 2023-07-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of a review of customer contracts for proper revenue recognition including the identification and evaluation of terms and conditions in such contracts that affect the recognition of certain revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and 44) Triennially Inspected 2416 Grant Thornton Bharat LLP 2022 India Grant Thornton International Limited 2023-07-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2022 India Grant Thornton International Limited 2023-07-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2022 India Grant Thornton International Limited 2023-07-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2022 India Grant Thornton International Limited 2023-07-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2022 India Grant Thornton International Limited 2023-07-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2022 India Grant Thornton International Limited 2023-07-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2416 Grant Thornton Bharat LLP 2022 India Grant Thornton International Limited 2023-07-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 8 The firm did not perform sufficient substantive procedures to evaluate whether certain revenue was recognized in conformity with IFRS 15 Revenue from Contracts with Customers as it did not evaluate whether: · certain provisions in customer contracts represented distinct performance obligations and if so whether such performance obligations should be recognized at a point in time or over the relevant service period in accordance with IFRS 15; and · the issuer's allocation of transaction price to a series of performance obligations was in conformity with IFRS 15. (AS 2301.08 and .11) Triennially Inspected 2416 Grant Thornton Bharat LLP 2022 India Grant Thornton International Limited 2023-07-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 11 The firm did not perform sufficient substantive procedures to evaluate whether certain revenue was recognized in conformity with IFRS 15 Revenue from Contracts with Customers as it did not evaluate whether: · certain provisions in customer contracts represented distinct performance obligations and if so whether such performance obligations should be recognized at a point in time or over the relevant service period in accordance with IFRS 15; and · the issuer's allocation of transaction price to a series of performance obligations was in conformity with IFRS 15. (AS 2301.08 and .11) Triennially Inspected 3707 R & A CPAs, a professional corporation 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments 1 AS 2501 7 The firm did not perform substantive procedures to test the fair value of certain investments beyond (1) comparing the recorded fair value to record keeper's reports and (2) comparing the total balance and percentage of total investments for the type of investment to the prior year. (AS 2501.07) Triennially Inspected 3707 R & A CPAs, a professional corporation 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Contributions Fraud Risk 2 AS 1105 10 The firm selected a sample for testing of participant contributions and employer matching contributions. For all but one of the selections the firm did not perform any procedures to test or test any controls over the accuracy of the salary information in issuer-provided reports used in the firm's testing of contributions. (AS 1105.10) Triennially Inspected 5047 JLK Rosenberger, LLP 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2810 30 The firm did not evaluate a departure from GAAP related to the issuer's reporting in the statement of cash flows of the purchase and sale of investment securities that did not result in the payment or receipt of cash rather than the exclusion of such noncash transactions from the statement of cash flows in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Triennially Inspected 5047 JLK Rosenberger, LLP 2022 United States 2023-07-13T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2810 31 The firm did not evaluate a departure from GAAP related to the issuer's reporting in the statement of cash flows of the purchase and sale of investment securities that did not result in the payment or receipt of cash rather than the exclusion of such noncash transactions from the statement of cash flows in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Triennially Inspected 127 PKF O'Connor Davies, LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing a control over the review of revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 127 PKF O'Connor Davies, LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing a control over the review of revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 127 PKF O'Connor Davies, LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The firm selected for testing a control over the review of revenue. The firm did not identity and test any controls over the accuracy and completeness of data and reports used by the control owner in this control. (AS 2201.39) Triennially Inspected 127 PKF O'Connor Davies, LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 42 The firm selected for testing a control over the review of property and equipment. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of depreciation expense. (AS 2201.42 and .44) Triennially Inspected 127 PKF O'Connor Davies, LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 44 The firm selected for testing a control over the review of property and equipment. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of depreciation expense. (AS 2201.42 and .44) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 2201 39 The firm selected for testing a control that consisted of management's review of the impairment analysis of long-lived assets. The firm did not identify and test any controls over the accuracy and completeness of a report which included discounted cash flows used in the operation of this control. (AS 2201.39) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2201 39 The issuer engaged an independent qualified reserve engineer ('company's specialist') to estimate its oil and gas reserves ('reserve estimates') which were then used in the (1) calculation of depreciation depletion and amortization; (2) impairment analysis of long-lived assets; and (3) valuation of a business combination. The reserve estimates were also used in the operation of certain controls over the above activities that the firm selected for testing. The firm did not identify and test any controls over the (1) accuracy and completeness of information prepared by the issuer (2) relevance and reliability of data from external sources and (3) methods and assumptions; all of which were used by the company's specialist to develop the reserve estimates. (AS 2201.39) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2201 39 The issuer engaged an independent qualified reserve engineer ('company's specialist') to estimate its oil and gas reserves ('reserve estimates') which were then used in the (1) calculation of depreciation depletion and amortization; (2) impairment analysis of long-lived assets; and (3) valuation of a business combination. The reserve estimates were also used in the operation of certain controls over the above activities that the firm selected for testing. The firm did not identify and test any controls over the (1) accuracy and completeness of information prepared by the issuer (2) relevance and reliability of data from external sources and (3) methods and assumptions; all of which were used by the company's specialist to develop the reserve estimates. (AS 2201.39) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 A8a The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Test the accuracy and completeness of information prepared by the issuer and used by the company's specialist to develop the reserve estimates; (AS 1105.A8a) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 1105 A8a The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Test the accuracy and completeness of information prepared by the issuer and used by the company's specialist to develop the reserve estimates; (AS 1105.A8a) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 1105 A8a The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate the relevance and reliability of external data used by the company's specialist to develop the reserve estimates; (AS 1105.A8a) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 1105 A8a The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate the relevance and reliability of external data used by the company's specialist to develop the reserve estimates; (AS 1105.A8a) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 1105 A8b The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate the reasonableness of the assumptions developed by the company's specialist and used to develop the reserve estimates; (AS 1105.A8b) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 1105 A8b The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate the reasonableness of the assumptions developed by the company's specialist and used to develop the reserve estimates; (AS 1105.A8b) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 6 AS 1105 A8c The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate whether the methods used by the company's specialist to develop the reserve estimates were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework beyond inquiry of the methods used with the company's specialist. (AS 1105.A8c) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 A8c The firm's approach for substantively testing the reserve estimates was to test the issuer's process. The firm did not perform sufficient procedures to test the reserve estimates because the firm did not: · Evaluate whether the methods used by the company's specialist to develop the reserve estimates were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework beyond inquiry of the methods used with the company's specialist. (AS 1105.A8c) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 1105 27 To test certain revenue the firm selected contracts for testing that met specific criteria to evaluate whether the revenue was appropriately recognized based on the terms of those contracts. The firm did not perform any substantive procedures to test the remaining population of revenue transactions from this revenue source. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 8 To test certain revenue the firm selected contracts for testing that met specific criteria to evaluate whether the revenue was appropriately recognized based on the terms of those contracts. The firm did not perform any substantive procedures to test the remaining population of revenue transactions from this revenue source. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 11 To test certain revenue the firm selected contracts for testing that met specific criteria to evaluate whether the revenue was appropriately recognized based on the terms of those contracts. The firm did not perform any substantive procedures to test the remaining population of revenue transactions from this revenue source. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 1105 27 To test certain unbilled receivables and deferred revenue the firm selected for testing unbilled receivables and deferred revenue that met specific criteria to evaluate whether the balances tested were properly recorded. The firm did not perform any substantive procedures to test the remaining population of unbilled receivables and deferred revenue from this revenue source. (AS 1105.27; AS 2301.08) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Unbilled Receivables 2 AS 1105 27 To test certain unbilled receivables and deferred revenue the firm selected for testing unbilled receivables and deferred revenue that met specific criteria to evaluate whether the balances tested were properly recorded. The firm did not perform any substantive procedures to test the remaining population of unbilled receivables and deferred revenue from this revenue source. (AS 1105.27; AS 2301.08) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 2301 8 To test certain unbilled receivables and deferred revenue the firm selected for testing unbilled receivables and deferred revenue that met specific criteria to evaluate whether the balances tested were properly recorded. The firm did not perform any substantive procedures to test the remaining population of unbilled receivables and deferred revenue from this revenue source. (AS 1105.27; AS 2301.08) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Unbilled Receivables 2 AS 2301 8 To test certain unbilled receivables and deferred revenue the firm selected for testing unbilled receivables and deferred revenue that met specific criteria to evaluate whether the balances tested were properly recorded. The firm did not perform any substantive procedures to test the remaining population of unbilled receivables and deferred revenue from this revenue source. (AS 1105.27; AS 2301.08) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform sufficient procedures to test certain revenue because the firm did not perform any test of details to address the fraud risk related to the occurrence of revenue. (AS 2301.08 and .13) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform sufficient procedures to test certain revenue because the firm did not perform any test of details to address the fraud risk related to the occurrence of revenue. (AS 2301.08 and .13) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform any substantive procedures to test the occurrence of certain other revenue. (AS 2301.08) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A D Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2605 24 The firm used the work of internal audit to evaluate the operating effectiveness of certain inventory controls but did not evaluate the quality and effectiveness of the work performed by internal audit to test these controls. (AS 2605.24) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A D Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2510 9 To test the existence of raw materials inventory the firm observed the issuer's physical inventory counts at select locations. The firm did not perform sufficient procedures to test the existence of this inventory at year end because the firm's observation procedures were not suitable as the locations it selected for testing had no quantities of raw materials inventory on hand at the time of the observations. Therefore these observations did not provide any evidence of the quantity and physical condition of any raw materials inventory. (AS 2510.09) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A D Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 To test the existence of raw materials inventory the firm observed the issuer's physical inventory counts at select locations. The firm did not perform any substantive procedures to test the existence of the remaining population of raw materials inventory. (AS 2301.08) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A D Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2510 9 The firm did not perform any substantive procedures to test the existence of work-in-progress inventory. (AS 2510.09) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Deferred Revenue 1 AS 2315 16 To test the existence of deferred revenue the firm selected a sample of items for testing. The sample size the firm used in its substantive test of details was too small to provide sufficient appropriate audit evidence because the firm did not take into account the characteristics of the population in determining its sample size. (AS 2315.16 .23 and .23A) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Deferred Revenue 1 AS 2315 23 To test the existence of deferred revenue the firm selected a sample of items for testing. The sample size the firm used in its substantive test of details was too small to provide sufficient appropriate audit evidence because the firm did not take into account the characteristics of the population in determining its sample size. (AS 2315.16 .23 and .23A) Triennially Inspected 271 PricewaterhouseCoopers LLP 2022 Canada PricewaterhouseCoopers International Limited 2023-06-26T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Deferred Revenue 1 AS 2315 23A To test the existence of deferred revenue the firm selected a sample of items for testing. The sample size the firm used in its substantive test of details was too small to provide sufficient appropriate audit evidence because the firm did not take into account the characteristics of the population in determining its sample size. (AS 2315.16 .23 and .23A) Triennially Inspected 358 Schneider Downs & Co., Inc. 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2201 39 The firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Triennially Inspected 358 Schneider Downs & Co., Inc. 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2201 39 For one type of revenue the firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Triennially Inspected 549 Zwick CPA, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the recognition of revenue for a tax credit which was not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 549 Zwick CPA, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the recognition of revenue for a tax credit which was not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 549 Zwick CPA, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform sufficient substantive procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 because the firm did not evaluate all terms and conditions included in the issuer's contracts that could affect the recognition of revenue. (AS 2301.08 and .13) Triennially Inspected 549 Zwick CPA, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 30 The firm did not perform sufficient substantive procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 because the firm did not evaluate all terms and conditions included in the issuer's contracts that could affect the recognition of revenue. (AS 2301.08 and .13) Triennially Inspected 549 Zwick CPA, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 4 The firm did not perform any procedures to evaluate the relevance and reliability of information obtained from external sources that it used to test revenue. (AS 1105.04 and .06) Triennially Inspected 549 Zwick CPA, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 6 The firm did not perform any procedures to evaluate the relevance and reliability of information obtained from external sources that it used to test revenue. (AS 1105.04 and .06) Triennially Inspected 549 Zwick CPA, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 763 Maggart & Associates, P.C. 2022 United States 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 1 AS 1105 10 The issuer used an information-technology (IT) system to initiate process and record loan-related transactions. The firm did not perform any procedures to test the accuracy and completeness of the data that it used to test controls related to user access and change management over this IT system. (AS 1105.10) Triennially Inspected 763 Maggart & Associates, P.C. 2022 United States 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 2 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record loan-related transactions. The firm selected for testing a control over a review of user access rights for this IT system. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 763 Maggart & Associates, P.C. 2022 United States 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 2 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record loan-related transactions. The firm selected for testing a control over a review of user access rights for this IT system. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 763 Maggart & Associates, P.C. 2022 United States 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 3 AS 2201 42 The firm selected for testing a control over the review of the significant judgments and estimates used in the ALL. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 763 Maggart & Associates, P.C. 2022 United States 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 3 AS 2201 44 The firm selected for testing a control over the review of the significant judgments and estimates used in the ALL. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 763 Maggart & Associates, P.C. 2022 United States 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 4 AS 2201 46 The firm selected for testing a control over the review of the significant judgments and estimates used in the ALL. Due to the deficiencies in the firm's testing of IT general controls the firm did not sufficiently test controls over the accuracy and completeness of data and reports used in the operation of this control. (AS 2201.46) Triennially Inspected 763 Maggart & Associates, P.C. 2022 United States 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 5 AS 2201 42 The firm selected for testing a control that included the issuer's review of the assumptions used to determine the qualitative factors used to estimate the ALL for loans collectively evaluated for impairment. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the basis points applied to each of the qualitative factors. (AS 2201.42 and .44) Triennially Inspected 763 Maggart & Associates, P.C. 2022 United States 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 5 AS 2201 44 The firm selected for testing a control that included the issuer's review of the assumptions used to determine the qualitative factors used to estimate the ALL for loans collectively evaluated for impairment. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the basis points applied to each of the qualitative factors. (AS 2201.42 and .44) Triennially Inspected 763 Maggart & Associates, P.C. 2022 United States 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 6 AS 2501 16 For loans collectively evaluated for impairment the firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions related to the basis points used for the qualitative factors. (AS 2501.16) Triennially Inspected 1054 De Visser Gray LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 1 AS 2501 16 The firm did not evaluate beyond inquiry the reasonableness of certain significant assumptions used in the issuer's valuation of a significant account. (AS 2501.16) Triennially Inspected 1054 De Visser Gray LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 1105 27 To substantively test long-lived asset additions the firm selected additions for testing that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of long-lived asset additions. (AS 1105.27; AS 2301.08) Triennially Inspected 1054 De Visser Gray LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 To substantively test long-lived asset additions the firm selected additions for testing that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of long-lived asset additions. (AS 1105.27; AS 2301.08) Triennially Inspected 1054 De Visser Gray LLP 2022 Canada 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Exploration and Evaluation Assets Significant Risk 1 AS 2301 8 The firm did not evaluate whether an exploration and evaluation asset had been acquired and the title had been transferred to the issuer. (AS 2301.08) Triennially Inspected 1054 De Visser Gray LLP 2022 Canada 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Exploration and Evaluation Assets Significant Risk 2 AS 2301 8 The firm did not evaluate beyond inquiry the issuer's conclusion that there were no indicators of potential impairment for this asset even though there was evidence in the financial statements that an indicator of potential impairment existed. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 1054 De Visser Gray LLP 2022 Canada 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Exploration and Evaluation Assets Significant Risk 2 AS 2301 11 The firm did not evaluate beyond inquiry the issuer's conclusion that there were no indicators of potential impairment for this asset even though there was evidence in the financial statements that an indicator of potential impairment existed. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 1054 De Visser Gray LLP 2022 Canada 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Exploration and Evaluation Assets Significant Risk 2 AS 2810 3 The firm did not evaluate beyond inquiry the issuer's conclusion that there were no indicators of potential impairment for this asset even though there was evidence in the financial statements that an indicator of potential impairment existed. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 1054 De Visser Gray LLP 2022 Canada 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Exploration and Evaluation Assets Significant Risk 3 AS 2501 16 The issuer developed an assumption that it used to capitalize costs related to other exploration and evaluation assets. The firm did not evaluate whether the issuer had a reasonable basis for this significant assumption. (AS 2501.16) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized certain revenue based on an arrangement with an external party. The firm did not perform any procedures to evaluate whether the issuer's arrangement represented a contract with an identifiable customer in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized certain revenue based on an arrangement with an external party. The firm did not perform any procedures to evaluate whether the issuer's arrangement represented a contract with an identifiable customer in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The issuer recognized certain revenue based on an arrangement with an external party. The firm did not perform any procedures to evaluate the reliability of data the issuer used to record this revenue. (AS 1105.04 and .06) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The issuer recognized certain revenue based on an arrangement with an external party. The firm did not perform any procedures to evaluate the reliability of data the issuer used to record this revenue. (AS 1105.04 and .06) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not perform any procedures to test certain data used to recognize certain other revenue. (AS 2301.08 and .13) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm did not perform any procedures to test certain data used to recognize certain other revenue. (AS 2301.08 and .13) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Asset Acquisition Significant Risk 4 AS 2501 16 During the year the issuer completed an asset acquisition. The firm did not perform procedures beyond reading issuer-prepared documentation and inquiries of management to evaluate the reasonableness of certain significant assumptions the issuer used to determine the fair value of contingent consideration. (AS 2501.16) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used data generated by these IT systems. As a result of the deficiencies in the firm's testing of the controls over these IT systems the firm's testing of the IT-dependent manual control was not sufficient. (AS 2201.46) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used data generated by these IT systems. With respect to one of these IT systems: · The firm did not perform procedures beyond inquiry and reading the issuer's policies to test certain logical user access controls. (AS 2201.42 and .44) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used data generated by these IT systems. With respect to one of these IT systems: · The firm did not perform procedures beyond inquiry and reading the issuer's policies to test certain logical user access controls. (AS 2201.42 and .44) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used data generated by these IT systems. With respect to one of these IT systems: · The firm did not identify and test any controls related to IT operations. (AS 2201.39) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 39 The issuer used multiple information-technology (IT) systems to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used data generated by these IT systems. With respect to one of these IT systems: · The firm did not identify and test controls over program change management except for one control over the final approval of program changes. For this control the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.39 .42 and .44) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 42 The issuer used multiple information-technology (IT) systems to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used data generated by these IT systems. With respect to one of these IT systems: · The firm did not identify and test controls over program change management except for one control over the final approval of program changes. For this control the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.39 .42 and .44) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 44 The issuer used multiple information-technology (IT) systems to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used data generated by these IT systems. With respect to one of these IT systems: · The firm did not identify and test controls over program change management except for one control over the final approval of program changes. For this control the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.39 .42 and .44) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 The issuer used multiple information-technology (IT) systems to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used data generated by these IT systems. With respect to one of these IT systems: · The firm selected for testing a control over a review of an annual IT general controls assessment performed by the issuer's internal auditor. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 The issuer used multiple information-technology (IT) systems to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used data generated by these IT systems. With respect to one of these IT systems: · The firm selected for testing a control over a review of an annual IT general controls assessment performed by the issuer's internal auditor. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 39 With respect to a second IT system the firm did not identify and test any controls over the accuracy and completeness of data received from external sources that was processed by this IT system. (AS 2201.39) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 42 A third IT system was hosted by a service organization. The firm did not perform any procedures to test the design and operating effectiveness of complementary user controls the issuer implemented to address a stated control objective in the service auditor's report. (AS 2201.42 .44 and .B22) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 44 A third IT system was hosted by a service organization. The firm did not perform any procedures to test the design and operating effectiveness of complementary user controls the issuer implemented to address a stated control objective in the service auditor's report. (AS 2201.42 .44 and .B22) Triennially Inspected 1195 UHY LLP 2022 United States 2023-06-26T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 B22 A third IT system was hosted by a service organization. The firm did not perform any procedures to test the design and operating effectiveness of complementary user controls the issuer implemented to address a stated control objective in the service auditor's report. (AS 2201.42 .44 and .B22) Triennially Inspected 1415 Ernst & Young Limited Corp. 2022 Panama Ernst & Young Global Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used a service organization to process and record certain sales transactions based on data provided by the issuer. The firm did not identify and test any complementary user entity controls over the accuracy and completeness of the data provided to the service organization. (AS 2201.39 and .B22) Triennially Inspected 1415 Ernst & Young Limited Corp. 2022 Panama Ernst & Young Global Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 B22 The issuer used a service organization to process and record certain sales transactions based on data provided by the issuer. The firm did not identify and test any complementary user entity controls over the accuracy and completeness of the data provided to the service organization. (AS 2201.39 and .B22) Triennially Inspected 1415 Ernst & Young Limited Corp. 2022 Panama Ernst & Young Global Limited 2023-06-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm used certain system-generated data to substantively test certain revenue. The firm did not perform procedures to test or test any controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 2226 Warren Averett, LLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 16 To test certain revenue the firm selected a sample of items for testing. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining the sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 2226 Warren Averett, LLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 19 To test certain revenue the firm selected a sample of items for testing. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining the sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 2226 Warren Averett, LLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 23 To test certain revenue the firm selected a sample of items for testing. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining the sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 2226 Warren Averett, LLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 23A To test certain revenue the firm selected a sample of items for testing. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining the sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 2226 Warren Averett, LLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 17 To test certain revenue the firm selected a sample of items for testing. The following deficiencies were identified: · The firm drew its sample from a source that was not necessarily representative of the revenue recorded during the year. (AS 2315.17) Triennially Inspected 2226 Warren Averett, LLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not perform procedures to test the accuracy of certain data it used to test an adjustment to revenue beyond agreeing the data to the issuer's internal systems. (AS 2301.08 and .13) Triennially Inspected 2226 Warren Averett, LLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm did not perform procedures to test the accuracy of certain data it used to test an adjustment to revenue beyond agreeing the data to the issuer's internal systems. (AS 2301.08 and .13) Triennially Inspected 2226 Warren Averett, LLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 4 AS 1105 10 The issuer engaged specialists to estimate certain portions of a significant account. The following deficiencies were identified: · The firm did not perform procedures to test the accuracy of certain issuer-produced data that the company's specialist used in developing certain individual estimates beyond testing the accuracy of the data in the aggregate. (AS 1105.10) Triennially Inspected 2226 Warren Averett, LLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 5 AS 1105 A8b The issuer engaged specialists to estimate certain portions of a significant account. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of significant assumptions the company's specialist developed and used in developing one of the estimates. (AS 1105.A8b) Triennially Inspected 2226 Warren Averett, LLC 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 6 AS 1105 A8c The issuer engaged specialists to estimate certain portions of a significant account. The following deficiencies were identified: · For one of the estimates the firm did not perform any procedures to evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework. (AS 1105.A8c) Triennially Inspected 5348 Frost, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm selected for testing controls over existence and valuation of inventory that consisted of the issuer's reviews of inventory records average cost and amortization. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 5348 Frost, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing controls over existence and valuation of inventory that consisted of the issuer's reviews of inventory records average cost and amortization. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 5348 Frost, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer used two information technology (IT) systems to support the inventory process. Both IT systems were configured based on user roles and profiles which determined user access levels. The firm selected for testing access controls over the IT systems that consisted of the issuer's reviews of user access lists with roles and profiles. The firm did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether the granted access continued to be appropriate. (AS 2201.42 and .44) Triennially Inspected 5348 Frost, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 44 The issuer used two information technology (IT) systems to support the inventory process. Both IT systems were configured based on user roles and profiles which determined user access levels. The firm selected for testing access controls over the IT systems that consisted of the issuer's reviews of user access lists with roles and profiles. The firm did not evaluate the specific review procedures that the control owners performed to determine whether to grant access to users or whether the granted access continued to be appropriate. (AS 2201.42 and .44) Triennially Inspected 5348 Frost, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Inventory 3 AS 1105 10 The issuer used two information technology (IT) systems to support the inventory process. Both IT systems were configured based on user roles and profiles which determined user access levels. The firm selected for testing controls over the program changes for these IT systems. The firm did not test or test any controls over the accuracy and completeness of the population of IT systems program changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 5348 Frost, PLLC 2022 United States 2023-06-26T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Inventory 4 AS 2201 46 The firm selected for testing various IT-dependent manual controls that used data and reports generated by these IT systems. As a result of the deficiencies in the firm's testing of information technology general controls discussed above the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 280 Segment Reporting related to revenue from certain customers. (AS 2810.30 and .31) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of disclosures required by FASB ASC Topic 280 Segment Reporting related to revenue from certain customers. (AS 2810.30 and .31) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not identify obtain or evaluate the contractual arrangements between the issuer its customers and the external party. (AS 2301.08 and .13) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not identify obtain or evaluate the contractual arrangements between the issuer its customers and the external party. (AS 2301.08 and .13) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not evaluate whether it was appropriate for the issuer to recognize revenue subsequent to the expiration of its related license. (AS 2301.08 and .13) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not evaluate whether it was appropriate for the issuer to recognize revenue subsequent to the expiration of its related license. (AS 2301.08 and .13) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not perform any procedures to test whether revenue was recognized at the appropriate amount. (AS 2301.08 and .13) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not perform any procedures to test whether revenue was recognized at the appropriate amount. (AS 2301.08 and .13) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 1105 10 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the accuracy and completeness of information produced by the issuer that the firm used in its substantive procedures. (AS 1105.10) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 8 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether delivery had occurred. (AS 2301.08 and .13) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 13 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether delivery had occurred. (AS 2301.08 and .13) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 4 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not evaluate the reliability of certain external information that it used in its substantive procedures. (AS 1105.04 and .06) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 6 The issuer used an external party to assist in selling its products. In addition the issuer's license to sell certain products expired during the year. The following deficiencies were identified: · The firm did not evaluate the reliability of certain external information that it used in its substantive procedures. (AS 1105.04 and .06) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 8 AS 2310 34 To test accounts receivable the firm obtained evidence of subsequent cash receipts. The firm did not request the confirmation of accounts receivable or document how it overcame the presumption to perform confirmation procedures. (AS 2310.34 and .35) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 8 AS 2310 35 To test accounts receivable the firm obtained evidence of subsequent cash receipts. The firm did not request the confirmation of accounts receivable or document how it overcame the presumption to perform confirmation procedures. (AS 2310.34 and .35) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 9 AS 1105 4 To test accounts receivable the firm obtained evidence of subsequent cash receipts. The firm did not evaluate the reliability of the evidence of subsequent cash receipts. (AS 1105.04 and .06) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 9 AS 1105 6 To test accounts receivable the firm obtained evidence of subsequent cash receipts. The firm did not evaluate the reliability of the evidence of subsequent cash receipts. (AS 1105.04 and .06) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 2501 16 The issuer engaged a specialist to develop an accounting estimate that was used to determine the valuation of certain long-lived assets. The following deficiencies were identified: · The firm did not sufficiently evaluate a significant assumption developed by the issuer because it did not take into account the issuer's ability to carry out an action related to the assumption. (AS 2501.16 and .17) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 2501 17 The issuer engaged a specialist to develop an accounting estimate that was used to determine the valuation of certain long-lived assets. The following deficiencies were identified: · The firm did not sufficiently evaluate a significant assumption developed by the issuer because it did not take into account the issuer's ability to carry out an action related to the assumption. (AS 2501.16 and .17) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 11 AS 1105 A8c The issuer engaged a specialist to develop an accounting estimate that was used to determine the valuation of certain long-lived assets. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework. (AS 1105.A8c) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 12 AS 1105 A8a The issuer engaged a specialist to develop an accounting estimate that was used to determine the valuation of certain long-lived assets. The following deficiencies were identified: · The firm did not perform any procedures to test or test controls over the accuracy and completeness of certain data produced by the issuer and used by the company's specialist. (AS 1105.A8a) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 13 AS 1105 A8a The issuer engaged a specialist to develop an accounting estimate that was used to determine the valuation of certain long-lived assets. The following deficiencies were identified: · The firm did not perform procedures to evaluate the relevance and reliability of external data that was used by the company's specialist. (AS 1105.A8a) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 14 AS 2501 16 The issuer engaged a specialist to develop an accounting estimate that was used to determine the valuation of certain long-lived assets. The following deficiencies were identified: · The firm did not perform any procedures to evaluate certain other significant assumptions that were developed by the issuer. (AS 2501.16) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 2501 7 The firm did not perform any procedures beyond obtaining a memorandum to evaluate the issuer's conclusion that there were no impairment indicators related to certain other long-lived assets. (AS 2501.07) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash 1 AS 2310 28 The firm received a response to its cash confirmation request and included a scanned version of the response in the work papers. The firm did not maintain control over the confirmation response because the firm did not know how the response was received. (AS 2310.28) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 The issuer capitalized expenditures related to the development of a long-lived asset. The firm did not perform substantive procedures beyond inquiry to determine whether the expenditures qualified for capitalization as a long-lived asset. (AS 2301.08) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 2501 22 The issuer used a discounted cash flow analysis to test certain assets for impairment at year end. The firm's approach for substantively testing this analysis was to develop an independent expectation of the estimate which included developing overall assumptions for revenue that included several underlying assumptions. The following deficiencies were identified: · The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for an underlying assumption it developed because the firm obtained evidence that did not support the amount of the assumption. (AS 2501.22) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 2501 22 The issuer used a discounted cash flow analysis to test certain assets for impairment at year end. The firm's approach for substantively testing this analysis was to develop an independent expectation of the estimate which included developing overall assumptions for revenue that included several underlying assumptions. The following deficiencies were identified: · The firm did not perform any procedures to demonstrate it had a reasonable basis for a second underlying assumption it developed. (AS 2501.22) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 2501 22 The issuer used a discounted cash flow analysis to test certain assets for impairment at year end. The firm's approach for substantively testing this analysis was to develop an independent expectation of the estimate which included developing overall assumptions for revenue that included several underlying assumptions. The following deficiencies were identified: · The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for a third underlying assumption it developed because the firm limited its procedures to obtaining evidence that indicated its assumption may not have been accurate. (AS 2501.22) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 4 AS 1105 4 The issuer used a discounted cash flow analysis to test certain assets for impairment at year end. The firm's approach for substantively testing this analysis was to develop an independent expectation of the estimate which included developing overall assumptions for revenue that included several underlying assumptions. The following deficiencies were identified: · The firm did not perform procedures to evaluate the relevance of historical results of another company that it used to conclude that its overall assumptions for revenue were reasonable. (AS 1105.04 and .06) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 4 AS 1105 6 The issuer used a discounted cash flow analysis to test certain assets for impairment at year end. The firm's approach for substantively testing this analysis was to develop an independent expectation of the estimate which included developing overall assumptions for revenue that included several underlying assumptions. The following deficiencies were identified: · The firm did not perform procedures to evaluate the relevance of historical results of another company that it used to conclude that its overall assumptions for revenue were reasonable. (AS 1105.04 and .06) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 5 AS 1105 4 The firm developed certain other assumptions that it used in its independent expectation. The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for those assumptions because it used the historical results of another company to substantiate its assumptions without evaluating whether the historical results of the other company were relevant. (AS 1105.04 and .06; AS 2501.22) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 5 AS 1105 6 The firm developed certain other assumptions that it used in its independent expectation. The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for those assumptions because it used the historical results of another company to substantiate its assumptions without evaluating whether the historical results of the other company were relevant. (AS 1105.04 and .06; AS 2501.22) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 5 AS 2501 22 The firm developed certain other assumptions that it used in its independent expectation. The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for those assumptions because it used the historical results of another company to substantiate its assumptions without evaluating whether the historical results of the other company were relevant. (AS 1105.04 and .06; AS 2501.22) Triennially Inspected 6498 Harbourside CPA LLP 2022 Canada 2023-06-26T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Cash 6 AS 2310 29 The firm received an electronic response to one of its cash confirmation requests. The firm did not consider performing procedures to address the risks associated with the electronic response such as verifying the source and contents of the confirmation response. (AS 2310.29) Triennially Inspected 6673 Keith K Zhen CPA 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 1 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were (1) properly recorded and (2) recorded at the appropriate amount. (AS 2301.08 and .13) Triennially Inspected 6673 Keith K Zhen CPA 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 1 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were (1) properly recorded and (2) recorded at the appropriate amount. (AS 2301.08 and .13) Triennially Inspected 6673 Keith K Zhen CPA 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 2 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain other items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were recorded at the appropriate amount. (AS 2301.08 and .13) Triennially Inspected 6673 Keith K Zhen CPA 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 2 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain other items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were recorded at the appropriate amount. (AS 2301.08 and .13) Triennially Inspected 6673 Keith K Zhen CPA 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 3 AS 1105 27 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were (1) properly recorded and (2) recorded at the appropriate amount. (AS 2301.08 and .13) Triennially Inspected 6673 Keith K Zhen CPA 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 3 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · The firm did not perform procedures beyond performing certain procedures at year end to test the remaining population of items. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6673 Keith K Zhen CPA 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account Fraud Risk 3 AS 2301 13 The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · The firm did not perform procedures beyond performing certain procedures at year end to test the remaining population of items. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6673 Keith K Zhen CPA 2022 United States 2023-06-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 58 The firm did not perform procedures beyond scanning a listing of journal entries to identify and select journal entries and other adjustments for testing to address the risk of management override. (AS 2401.58) Triennially Inspected 27 PKF San Diego, LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Stock Compensation Significant Risk 1 AS 2810 30 The issuer recorded stock compensation expense on the vesting date rather than recognizing it ratably over the vesting period and incorrectly calculated forfeiture estimates for issued stock options by applying estimated forfeiture adjustments to vested stock options. The issuer's accounting for stock compensation was not in conformity with FASB ASC Topic 718 Compensation — Stock Compensation but the firm did not identify and evaluate this departure from GAAP. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for stock compensation and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 404 McNair, McLemore, Middlebrooks & Co., LLC 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 1 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer calculated the qualitative component of the allowance for loan losses (ALL) by applying basis points to each qualitative factor. The firm did not perform sufficient procedures to test the qualitative component of the ALL because the firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions related to the basis points used. (AS 2501.16) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm designed certain of its substantive procedures to test revenue as a dual-purpose test. The following deficiencies were identified: · The firm selected for testing as part of this dual-purpose test a control that consisted of the issuer's review of the shipping terms between the shipping documents and the issuer's revenue system. The firm did not evaluate whether this control was designed to achieve the desired audit objective for all relevant assertions given the control was limited to the review of the shipping terms. (AS 2301.13 .19 and .47) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 19 The firm designed certain of its substantive procedures to test revenue as a dual-purpose test. The following deficiencies were identified: · The firm selected for testing as part of this dual-purpose test a control that consisted of the issuer's review of the shipping terms between the shipping documents and the issuer's revenue system. The firm did not evaluate whether this control was designed to achieve the desired audit objective for all relevant assertions given the control was limited to the review of the shipping terms. (AS 2301.13 .19 and .47) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 47 The firm designed certain of its substantive procedures to test revenue as a dual-purpose test. The following deficiencies were identified: · The firm selected for testing as part of this dual-purpose test a control that consisted of the issuer's review of the shipping terms between the shipping documents and the issuer's revenue system. The firm did not evaluate whether this control was designed to achieve the desired audit objective for all relevant assertions given the control was limited to the review of the shipping terms. (AS 2301.13 .19 and .47) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 16 The firm designed certain of its substantive procedures to test revenue as a dual-purpose test. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not (1) take into account tolerable misstatement and the allowable risk of incorrect acceptance and (2) use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 19 The firm designed certain of its substantive procedures to test revenue as a dual-purpose test. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not (1) take into account tolerable misstatement and the allowable risk of incorrect acceptance and (2) use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23 The firm designed certain of its substantive procedures to test revenue as a dual-purpose test. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not (1) take into account tolerable misstatement and the allowable risk of incorrect acceptance and (2) use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 44 The firm designed certain of its substantive procedures to test revenue as a dual-purpose test. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not (1) take into account tolerable misstatement and the allowable risk of incorrect acceptance and (2) use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23A The firm designed certain of its substantive procedures to test revenue as a dual-purpose test. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not (1) take into account tolerable misstatement and the allowable risk of incorrect acceptance and (2) use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2510 11 The issuer performed cycle counts of inventory at one of its locations. The firm did not perform sufficient substantive procedures to test this inventory because the firm did not test the sampling methodology and selection parameters used by the issuer or perform other procedures to evaluate whether the issuer's cycle-count procedures were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 1105 10 The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain data and reports used in its substantive testing of inventory. (AS 1105.10) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 2501 16 The firm's approach for substantively testing the issuer's inventory reserve was to test the issuer's process. The firm did not perform any procedures beyond reading an issuer-prepared memorandum and inquiring of management to evaluate the reasonableness of the significant assumptions the issuer used to determine this reserve. (AS 2501.16) Triennially Inspected 1312 PricewaterhouseCoopers 2022 Ghana PricewaterhouseCoopers International Limited 2023-06-07T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 42 As instructed by the principal auditor the firm selected for testing a control that consisted of the review of a list of physical assets that were verified for existence. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1312 PricewaterhouseCoopers 2022 Ghana PricewaterhouseCoopers International Limited 2023-06-07T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 44 As instructed by the principal auditor the firm selected for testing a control that consisted of the review of a list of physical assets that were verified for existence. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the review of the qualitative or quantitative analysis based on the reporting unit used in the issuer's annual goodwill impairment assessment. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the review of the qualitative or quantitative analysis based on the reporting unit used in the issuer's annual goodwill impairment assessment. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2201 42 For certain locations the firm selected for testing a control that consisted of the review of journal entries. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the journal entries. (AS 2201.42 and .44) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2201 44 For certain locations the firm selected for testing a control that consisted of the review of journal entries. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the journal entries. (AS 2201.42 and .44) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2201 39 For certain other locations the firm did not identify and test any controls over the review of journal entries. (AS 2201.39) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 For certain locations the firm identified characteristics of potentially fraudulent entries or adjustments for testing but did not determine whether any journal entries met those characteristics and instead limited its testing to haphazardly selected journal entries. (AS 2401.61) Triennially Inspected 2468 Citrin Cooperman & Company, LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1105 A8b The issuer engaged a specialist to determine the fair value of certain warrants it reported as equity. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process. The firm did not evaluate the relevance of certain data the company's specialist used to develop a significant assumption. (AS 1105.A8a) Triennially Inspected 2468 Citrin Cooperman & Company, LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 1105 A8b The issuer engaged a specialist to determine the fair value of certain warrants it reported as equity. The firm's approach for substantively testing the fair value of these warrants was to test the issuer's process. The firm did not evaluate the reasonableness of certain significant assumptions that the company's specialist developed. (AS 1105.A8b) Triennially Inspected 2468 Citrin Cooperman & Company, LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 3 AS 2810 30 The firm did not identify and evaluate a GAAP departure related to the issuer's omission of certain disclosures required by FASB ASC Topic 820 Fair Value Measurement related to these warrants. (AS 2810.30 and .31) Triennially Inspected 2468 Citrin Cooperman & Company, LLP 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 3 AS 2810 31 The firm did not identify and evaluate a GAAP departure related to the issuer's omission of certain disclosures required by FASB ASC Topic 820 Fair Value Measurement related to these warrants. (AS 2810.30 and .31) Triennially Inspected 5341 Manohar Chowdhry & Associates 2022 India 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2315 25 To test the existence of inventory at a certain location the firm performed test counts on a sample of items. The firm was unable to count certain items. For certain other items the firm identified differences. The firm did not evaluate whether the inability to count certain items represented a misstatement and if so the potential effect on the evaluation of its sample. Further the firm did not (1) evaluate the nature and cause of the differences identified in its sample; (2) project the differences to the remaining inventory population; and (3) evaluate whether the projected differences were material to the financial statements. (AS 2315.25 .26 and .27) Triennially Inspected 5341 Manohar Chowdhry & Associates 2022 India 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2315 26 To test the existence of inventory at a certain location the firm performed test counts on a sample of items. The firm was unable to count certain items. For certain other items the firm identified differences. The firm did not evaluate whether the inability to count certain items represented a misstatement and if so the potential effect on the evaluation of its sample. Further the firm did not (1) evaluate the nature and cause of the differences identified in its sample; (2) project the differences to the remaining inventory population; and (3) evaluate whether the projected differences were material to the financial statements. (AS 2315.25 .26 and .27) Triennially Inspected 5341 Manohar Chowdhry & Associates 2022 India 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2315 27 To test the existence of inventory at a certain location the firm performed test counts on a sample of items. The firm was unable to count certain items. For certain other items the firm identified differences. The firm did not evaluate whether the inability to count certain items represented a misstatement and if so the potential effect on the evaluation of its sample. Further the firm did not (1) evaluate the nature and cause of the differences identified in its sample; (2) project the differences to the remaining inventory population; and (3) evaluate whether the projected differences were material to the financial statements. (AS 2315.25 .26 and .27) Triennially Inspected 5341 Manohar Chowdhry & Associates 2022 India 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 9 To test the existence of inventory at another location the firm performed a virtual observation of inventory but did not perform any test counts. (AS 2510.09) Triennially Inspected 5341 Manohar Chowdhry & Associates 2022 India 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 7 To test the existence of inventory at another location the firm did not perform substantive procedures beyond inquiry of management to evaluate whether an inventory reserve was warranted. (AS 2501.07) Triennially Inspected 5341 Manohar Chowdhry & Associates 2022 India 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Receivable 4 AS 2501 16 The issuer reported a certain receivable that was due from a counterparty. The firm did not perform substantive procedures to evaluate whether the issuer had a reasonable basis for concluding that the receivable was fully collectible beyond inspecting email communications between the issuer and the counterparty and inquiring with the counterparty. (AS 2501.16) Triennially Inspected 5525 Fruci & Associates II, PLLC 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform a substantive test of details over revenue. (AS 2301.08 and .13) Triennially Inspected 5525 Fruci & Associates II, PLLC 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform a substantive test of details over revenue. (AS 2301.08 and .13) Triennially Inspected 5525 Fruci & Associates II, PLLC 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 13 The firm's substantive analytical procedures over revenue were insufficient because: · The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships (AS 2305.13 and .14) Triennially Inspected 5525 Fruci & Associates II, PLLC 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 14 The firm's substantive analytical procedures over revenue were insufficient because: · The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships (AS 2305.13 and .14) Triennially Inspected 5525 Fruci & Associates II, PLLC 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2305 16 The firm's substantive analytical procedures over revenue were insufficient because: · The firm used certain system-generated sales data in its substantive analytical procedures but did not perform any procedures to test or test any controls over the accuracy and completeness of the data. (AS 2305.16) Triennially Inspected 5525 Fruci & Associates II, PLLC 2022 United States 2023-06-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 4 AS 2301 8 For a certain loan payable the firm did not perform sufficient procedures to test the existence valuation rights and obligations classification and related disclosures as the firm's procedures were limited to (1) preparing a roll forward noting no change in the balance (2) agreeing the loan balance at the beginning of the year to prior year financial statements audited by the predecessor auditor and (3) agreeing the ending balance to the trial balance. (AS 2301.08) Triennially Inspected 5525 Fruci & Associates II, PLLC 2022 United States 2023-06-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The firm did not perform procedures to evaluate the relevance and reliability of certain external data the issuer used to record revenue and that the firm used in its testing of revenue. (AS 1105.04 and .06) Triennially Inspected 5525 Fruci & Associates II, PLLC 2022 United States 2023-06-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The firm did not perform procedures to evaluate the relevance and reliability of certain external data the issuer used to record revenue and that the firm used in its testing of revenue. (AS 1105.04 and .06) Triennially Inspected 5525 Fruci & Associates II, PLLC 2022 United States 2023-06-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Fraud Risk 2 AS 2510 14 The firm did not perform sufficient procedures to test the existence of certain inventory located at external warehouses. Although the firm sent confirmations to the outside custodians no responses were received. The firm's alternative procedures were not sufficient because the firm limited its procedures to agreeing the total quantity of the inventory located at the warehouses to reports provided by the owner of the warehouses to the issuer. (AS 2510.14) Triennially Inspected 29 Sassetti LLC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 24 The firm's approach for testing revenue included selecting a sample of transactions from certain months during the year. The firm did not perform any substantive procedures to test the population of revenue in the remaining months of the year. (AS 2315.24) Triennially Inspected 29 Sassetti LLC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The firm's approach for testing revenue included selecting a sample of transactions from certain months during the year. The firm did not perform any substantive procedures to evaluate the reliability of information obtained from external sources that it used to test the transactions. (AS 1105.04 and .06) Triennially Inspected 29 Sassetti LLC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The firm's approach for testing revenue included selecting a sample of transactions from certain months during the year. The firm did not perform any substantive procedures to evaluate the reliability of information obtained from external sources that it used to test the transactions. (AS 1105.04 and .06) Triennially Inspected 298 Ham, Langston & Brezina, LLP 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer entered into contracts with certain customers which included terms and conditions specific to (1) minimum delivery amounts (2) pricing based on a market or index rate and/or (3) payment provisions in the event of default. The issuer recognized revenue from those contracts in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. The firm did not perform any procedures to evaluate whether these contracts should have instead been accounted for as derivative instruments in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 298 Ham, Langston & Brezina, LLP 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer entered into contracts with certain customers which included terms and conditions specific to (1) minimum delivery amounts (2) pricing based on a market or index rate and/or (3) payment provisions in the event of default. The issuer recognized revenue from those contracts in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. The firm did not perform any procedures to evaluate whether these contracts should have instead been accounted for as derivative instruments in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 298 Ham, Langston & Brezina, LLP 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 3 The issuer entered into contracts with certain customers which included terms and conditions specific to (1) minimum delivery amounts (2) pricing based on a market or index rate and/or (3) payment provisions in the event of default. The issuer recognized revenue from those contracts in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. The firm did not perform any procedures to evaluate whether these contracts should have instead been accounted for as derivative instruments in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 298 Ham, Langston & Brezina, LLP 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2501 7 The issuer identified certain impairment indicators during the year and prepared an undiscounted cash flow analysis to evaluate its long-lived assets for impairment. The firm did not perform procedures to test the issuer's evaluation of long-lived assets for impairment beyond obtaining and reading the issuer's undiscounted cash flow analysis and a memorandum prepared by the issuer related to its impairment assessment. (AS 2501.07) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 1 AS 2501 16 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For a portion of the estimate the firm did not perform sufficient procedures to evaluate the reasonableness of certain assumptions used by the issuer to develop the estimate because the firm did not evaluate whether the issuer had a reasonable basis for the assumptions used. (AS 2501.16) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 2 AS 1105 A1 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures with respect to the use of the work of the issuer's specialists as audit evidence. (AS 1105.A1—.A10) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 2 AS 1105 A10 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures with respect to the use of the work of the issuer's specialists as audit evidence. (AS 1105.A1—.A10) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 2 AS 1105 A2 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures with respect to the use of the work of the issuer's specialists as audit evidence. (AS 1105.A1—.A10) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 2 AS 1105 A3 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures with respect to the use of the work of the issuer's specialists as audit evidence. (AS 1105.A1—.A10) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 2 AS 1105 A4 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures with respect to the use of the work of the issuer's specialists as audit evidence. (AS 1105.A1—.A10) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 2 AS 1105 A5 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures with respect to the use of the work of the issuer's specialists as audit evidence. (AS 1105.A1—.A10) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 2 AS 1105 A6 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures with respect to the use of the work of the issuer's specialists as audit evidence. (AS 1105.A1—.A10) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 2 AS 1105 A7 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures with respect to the use of the work of the issuer's specialists as audit evidence. (AS 1105.A1—.A10) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 2 AS 1105 A8 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures with respect to the use of the work of the issuer's specialists as audit evidence. (AS 1105.A1—.A10) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 2 AS 1105 A9 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures with respect to the use of the work of the issuer's specialists as audit evidence. (AS 1105.A1—.A10) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 3 AS 1105 27 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures to test the remaining balance of the estimate. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 3 AS 2301 8 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures to test the remaining balance of the estimate. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies A Significant Estimate Fraud Risk 3 AS 2301 13 The firm's approach for substantively testing the significant estimate was to review and test management's process. The following deficiencies were identified: · For another portion of the estimate the firm performed procedures to evaluate the reasonableness of the estimate including the reasonableness of certain assumptions using specific items selected by the firm and information prepared by external specialists engaged by the issuer. The firm did not perform any procedures to test the remaining balance of the estimate. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 396 Postlethwaite & Netterville, APAC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 61 The firm did not select journal entries and other adjustments for testing. (AS 2401.61) Triennially Inspected 729 Widmer Roel PC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The issuer generated revenue through two types of transactions: Method A and Method B. The issuer calculated Method B revenue by multiplying the number of products delivered by the quarterly average price per product for Method A revenue which was provided to the issuer by an unrelated party. The following deficiencies were identified: · The firm did not evaluate the relevance of the quarterly average price per product for Method A revenue used to calculate Method B revenue as the Method A price was inconsistent with the stated Method B product pricing terms defined by an agreement between the issuer and the unrelated party. (AS 1105.04 and .06) Triennially Inspected 729 Widmer Roel PC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The issuer generated revenue through two types of transactions: Method A and Method B. The issuer calculated Method B revenue by multiplying the number of products delivered by the quarterly average price per product for Method A revenue which was provided to the issuer by an unrelated party. The following deficiencies were identified: · The firm did not evaluate the relevance of the quarterly average price per product for Method A revenue used to calculate Method B revenue as the Method A price was inconsistent with the stated Method B product pricing terms defined by an agreement between the issuer and the unrelated party. (AS 1105.04 and .06) Triennially Inspected 729 Widmer Roel PC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer generated revenue through two types of transactions: Method A and Method B. The issuer calculated Method B revenue by multiplying the number of products delivered by the quarterly average price per product for Method A revenue which was provided to the issuer by an unrelated party. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate whether the issuer's recognition of Method B revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because the firm did not evaluate whether Method B revenue which was substantially derived from nonmonetary exchanges had commercial substance. (AS 2301.08 and .13) Triennially Inspected 729 Widmer Roel PC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer generated revenue through two types of transactions: Method A and Method B. The issuer calculated Method B revenue by multiplying the number of products delivered by the quarterly average price per product for Method A revenue which was provided to the issuer by an unrelated party. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate whether the issuer's recognition of Method B revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because the firm did not evaluate whether Method B revenue which was substantially derived from nonmonetary exchanges had commercial substance. (AS 2301.08 and .13) Triennially Inspected 729 Widmer Roel PC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Investments Significant Risk 3 AS 2301 8 The firm did not perform substantive procedures to test an equity method investment's unaudited financial statements and capital account for the last four months of the year which was used by the issuer to determine the carrying value of its investment beyond comparing the equity method investment's net income for that period to the comparable period of the previous year and tracing distributions received during the period to bank statements. (AS 2301.08 and .11) Triennially Inspected 729 Widmer Roel PC 2022 United States 2023-05-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Investments Significant Risk 3 AS 2301 11 The firm did not perform substantive procedures to test an equity method investment's unaudited financial statements and capital account for the last four months of the year which was used by the issuer to determine the carrying value of its investment beyond comparing the equity method investment's net income for that period to the comparable period of the previous year and tracing distributions received during the period to bank statements. (AS 2301.08 and .11) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals significant Risk 1 AS 2201 46 The issuer used multiple information technology ('IT') systems and applications to process and record transactions including those related to revenue and certain accruals. In its testing over these accounts at two of the issuer's components the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). As a result of deficiencies in the firm's testing of ITGCs at these components the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple information technology ('IT') systems and applications to process and record transactions including those related to revenue and certain accruals. In its testing over these accounts at two of the issuer's components the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). As a result of deficiencies in the firm's testing of ITGCs at these components the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals significant Risk 2 AS 2201 42 The issuer used multiple information technology ('IT') systems and applications to process and record transactions including those related to revenue and certain accruals. In its testing over these accounts at two of the issuer's components the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). The firm selected for testing a control over developer access in which changes to certain applications were managed by corresponding change management tools. The firm did not evaluate whether (1) changes to the applications were managed only by each application's respective change management tool and (2) access to a user ID with the ability to migrate changes within the system was given to certain users that were not developers. Further the firm did not test whether other user groups or profiles within one change management tool had the ability to migrate changes within the systems managed by that tool. (AS 2201.42 and .44) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The issuer used multiple information technology ('IT') systems and applications to process and record transactions including those related to revenue and certain accruals. In its testing over these accounts at two of the issuer's components the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). The firm selected for testing a control over developer access in which changes to certain applications were managed by corresponding change management tools. The firm did not evaluate whether (1) changes to the applications were managed only by each application's respective change management tool and (2) access to a user ID with the ability to migrate changes within the system was given to certain users that were not developers. Further the firm did not test whether other user groups or profiles within one change management tool had the ability to migrate changes within the systems managed by that tool. (AS 2201.42 and .44) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals significant Risk 2 AS 2201 44 The issuer used multiple information technology ('IT') systems and applications to process and record transactions including those related to revenue and certain accruals. In its testing over these accounts at two of the issuer's components the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). The firm selected for testing a control over developer access in which changes to certain applications were managed by corresponding change management tools. The firm did not evaluate whether (1) changes to the applications were managed only by each application's respective change management tool and (2) access to a user ID with the ability to migrate changes within the system was given to certain users that were not developers. Further the firm did not test whether other user groups or profiles within one change management tool had the ability to migrate changes within the systems managed by that tool. (AS 2201.42 and .44) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The issuer used multiple information technology ('IT') systems and applications to process and record transactions including those related to revenue and certain accruals. In its testing over these accounts at two of the issuer's components the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). The firm selected for testing a control over developer access in which changes to certain applications were managed by corresponding change management tools. The firm did not evaluate whether (1) changes to the applications were managed only by each application's respective change management tool and (2) access to a user ID with the ability to migrate changes within the system was given to certain users that were not developers. Further the firm did not test whether other user groups or profiles within one change management tool had the ability to migrate changes within the systems managed by that tool. (AS 2201.42 and .44) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals significant Risk 3 AS 1105 10 The issuer used multiple information technology ('IT') systems and applications to process and record transactions including those related to revenue and certain accruals. In its testing over these accounts at two of the issuer's components the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). The firm selected for testing various change management controls over these IT systems. The firm did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections because the firm's procedures were limited to (1) observing the parameters used to extract data from the ticketing systems and (2) obtaining a usage report of shared user IDs with the ability to migrate changes from a tool without evaluating which applications were managed by the tool. (AS 1105.10) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The issuer used multiple information technology ('IT') systems and applications to process and record transactions including those related to revenue and certain accruals. In its testing over these accounts at two of the issuer's components the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). The firm selected for testing various change management controls over these IT systems. The firm did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections because the firm's procedures were limited to (1) observing the parameters used to extract data from the ticketing systems and (2) obtaining a usage report of shared user IDs with the ability to migrate changes from a tool without evaluating which applications were managed by the tool. (AS 1105.10) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals significant Risk 4 AS 2201 62 The issuer used multiple information technology ('IT') systems and applications to process and record transactions including those related to revenue and certain accruals. In its testing over these accounts at two of the issuer's components the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). The issuer identified an incident of unauthorized access to its IT systems and as a result determined that certain of its ITGCs were deficient. The firm did not evaluate the severity of these control deficiencies to determine whether the deficiencies in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 62 The issuer used multiple information technology ('IT') systems and applications to process and record transactions including those related to revenue and certain accruals. In its testing over these accounts at two of the issuer's components the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT systems that depended on effective IT general controls (ITGCs). The issuer identified an incident of unauthorized access to its IT systems and as a result determined that certain of its ITGCs were deficient. The firm did not evaluate the severity of these control deficiencies to determine whether the deficiencies in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals significant Risk 5 AS 1105 10 The firm did not perform any substantive procedures to test or sufficiently test controls over the accuracy and completeness of data produced by these IT systems that it used to test certain accruals. (AS 1105.10) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 1105 10 The firm did not perform any substantive procedures to test or sufficiently test controls over the accuracy and completeness of data produced by these IT systems that it used to test certain accruals. (AS 1105.10) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2401 61 The firm selected for testing manual journal entries meeting certain fraud criteria. The firm did not perform sufficient procedures to test these journal entries because it did not examine the underlying support for the entries. (AS 2401.61) Triennially Inspected 1009 KPMG AZSA LLC 2022 Japan KPMG International Cooperative 2023-05-25T00:00:00 Part I.A B Yes ICFR audit only Audits with a single deficiency Inventory 1 AS 2201 39 The firm did not identify and test any controls over the calculation of inventory cost. (AS 2201.39) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 1105 A8b The issuer engaged an external specialist to perform a quantitative assessment of goodwill for impairment at an interim date. The issuer also performed a qualitative assessment of goodwill for impairment at year-end and concluded that the performance of an additional quantitative assessment of goodwill was unnecessary. The firm's approach for substantively testing goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not perform substantive procedures beyond inquiry of management to evaluate the reasonableness of certain assumptions used by the specialist to perform the quantitative assessment of goodwill including taking into account the issuer's ability to carry out its stated intentions regarding the assumptions. (AS 2501.16 and .17; AS 1105.A8b) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2501 16 The issuer engaged an external specialist to perform a quantitative assessment of goodwill for impairment at an interim date. The issuer also performed a qualitative assessment of goodwill for impairment at year-end and concluded that the performance of an additional quantitative assessment of goodwill was unnecessary. The firm's approach for substantively testing goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not perform substantive procedures beyond inquiry of management to evaluate the reasonableness of certain assumptions used by the specialist to perform the quantitative assessment of goodwill including taking into account the issuer's ability to carry out its stated intentions regarding the assumptions. (AS 2501.16 and .17; AS 1105.A8b) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2501 17 The issuer engaged an external specialist to perform a quantitative assessment of goodwill for impairment at an interim date. The issuer also performed a qualitative assessment of goodwill for impairment at year-end and concluded that the performance of an additional quantitative assessment of goodwill was unnecessary. The firm's approach for substantively testing goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not perform substantive procedures beyond inquiry of management to evaluate the reasonableness of certain assumptions used by the specialist to perform the quantitative assessment of goodwill including taking into account the issuer's ability to carry out its stated intentions regarding the assumptions. (AS 2501.16 and .17; AS 1105.A8b) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2501 7 The issuer engaged an external specialist to perform a quantitative assessment of goodwill for impairment at an interim date. The issuer also performed a qualitative assessment of goodwill for impairment at year-end and concluded that the performance of an additional quantitative assessment of goodwill was unnecessary. The firm's approach for substantively testing goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether a quantitative assessment was required at year-end because it did not evaluate whether relevant events and circumstances were sufficient to offset unfavorable indicators of impairment. (AS 2501.07; AS 2810.03) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2810 3 The issuer engaged an external specialist to perform a quantitative assessment of goodwill for impairment at an interim date. The issuer also performed a qualitative assessment of goodwill for impairment at year-end and concluded that the performance of an additional quantitative assessment of goodwill was unnecessary. The firm's approach for substantively testing goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether a quantitative assessment was required at year-end because it did not evaluate whether relevant events and circumstances were sufficient to offset unfavorable indicators of impairment. (AS 2501.07; AS 2810.03) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 3 AS 2301 8 The issuer engaged an external specialist to perform a quantitative assessment of goodwill for impairment at an interim date. The issuer also performed a qualitative assessment of goodwill for impairment at year-end and concluded that the performance of an additional quantitative assessment of goodwill was unnecessary. The firm's approach for substantively testing goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not perform any substantive procedures to determine whether the issuer evaluated a portion of goodwill for impairment. (AS 2301.08 and .11) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 3 AS 2301 11 The issuer engaged an external specialist to perform a quantitative assessment of goodwill for impairment at an interim date. The issuer also performed a qualitative assessment of goodwill for impairment at year-end and concluded that the performance of an additional quantitative assessment of goodwill was unnecessary. The firm's approach for substantively testing goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not perform any substantive procedures to determine whether the issuer evaluated a portion of goodwill for impairment. (AS 2301.08 and .11) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2501 7 The issuer identified certain impairment indicators and performed a qualitative assessment of intangible assets for impairment at an interim date and at year-end. The firm did not perform substantive procedures beyond reading a memorandum prepared by the issuer to evaluate whether the issuer should have performed a quantitative assessment of intangible assets for impairment considering the existence of these unfavorable indicators of impairment. (AS 2501.07; AS 2810.03) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2810 3 The issuer identified certain impairment indicators and performed a qualitative assessment of intangible assets for impairment at an interim date and at year-end. The firm did not perform substantive procedures beyond reading a memorandum prepared by the issuer to evaluate whether the issuer should have performed a quantitative assessment of intangible assets for impairment considering the existence of these unfavorable indicators of impairment. (AS 2501.07; AS 2810.03) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 1105 10 The firm identified a significant deficiency related to a lack of review and approval of manual journal entries. To address the fraud risk the firm selected for testing manual journal entries meeting certain fraud criteria. The following deficiencies were identified: · The firm did not perform any procedures to test the completeness of the population of manual journal entries. (AS 1105.10) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 6 AS 2401 61 The firm identified a significant deficiency related to a lack of review and approval of manual journal entries. To address the fraud risk the firm selected for testing manual journal entries meeting certain fraud criteria. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the selected journal entries because it did not examine the underlying support for the entries and instead limited its procedures to reading the journal entry descriptions. (AS 2401.61) Triennially Inspected 200 Haskell & White LLP 2022 United States 2023-05-11T00:00:00 Part I.A B No ICFR audit only Audits with a single deficiency Leases 1 AS 2201 39 A service organization provided lease administration and accounting software services to the issuer using a lease application. An unrelated party entered all of the issuer's lease data and assumptions into the lease application and the issuer was responsible for the accuracy and completeness of such information. The firm selected for testing certain controls that consisted of the issuer's review of journal entries used to record lease activity and account reconciliations related to leases. The firm did not identify and test any controls over the accuracy and completeness of the lease information used in the operation of these controls. (AS 2201.39) Triennially Inspected 448 Kronick Kalada Berdy & Co, P.C. 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Significant Account Fraud Risk 1 AS 2315 16 The sample size used to test a significant account was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population including the expected size and frequency of misstatements. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 448 Kronick Kalada Berdy & Co, P.C. 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Significant Account Fraud Risk 1 AS 2315 19 The sample size used to test a significant account was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population including the expected size and frequency of misstatements. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 448 Kronick Kalada Berdy & Co, P.C. 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Significant Account Fraud Risk 1 AS 2315 23 The sample size used to test a significant account was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population including the expected size and frequency of misstatements. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 448 Kronick Kalada Berdy & Co, P.C. 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Significant Account Fraud Risk 1 AS 2315 23A The sample size used to test a significant account was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population including the expected size and frequency of misstatements. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 3686 Adeptus Partners LLC 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 1105 4 The firm did not perform any procedures to evaluate the relevance and/or reliability of data from various external sources that it used to test certain assets. (AS 1105.04 and .06) Triennially Inspected 3686 Adeptus Partners LLC 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 1105 6 The firm did not perform any procedures to evaluate the relevance and/or reliability of data from various external sources that it used to test certain assets. (AS 1105.04 and .06) Triennially Inspected 3686 Adeptus Partners LLC 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 2301 8 The firm did not perform any procedures to test the issuer's (1) ownership rights of these assets and (2) gain on the sale of these assets. (AS 2301.08 and .11) Triennially Inspected 3686 Adeptus Partners LLC 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 2301 11 The firm did not perform any procedures to test the issuer's (1) ownership rights of these assets and (2) gain on the sale of these assets. (AS 2301.08 and .11) Triennially Inspected 3686 Adeptus Partners LLC 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Liabilities 3 AS 2301 8 The firm did not perform any procedures to test certain other liabilities at year end beyond testing the receipt of assets related to these liabilities in prior years. Further the firm did not perform any procedures to test the accrued interest related to these liabilities. (AS 2301.08) Triennially Inspected 6519 JLKZ CPA LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 8 The issuer disclosed that it recognized revenue in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. For certain revenue transactions the firm did not (1) take into account certain contradictory audit evidence and (2) perform procedures to evaluate whether (a) performance obligations were appropriately identified (b) the determination of transaction prices was appropriate (c) the issuer was acting as either a principal or agent for goods or services and (d) it was appropriate to recognize revenue at a point in time or over time. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 6519 JLKZ CPA LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 13 The issuer disclosed that it recognized revenue in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. For certain revenue transactions the firm did not (1) take into account certain contradictory audit evidence and (2) perform procedures to evaluate whether (a) performance obligations were appropriately identified (b) the determination of transaction prices was appropriate (c) the issuer was acting as either a principal or agent for goods or services and (d) it was appropriate to recognize revenue at a point in time or over time. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 6519 JLKZ CPA LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2810 3 The issuer disclosed that it recognized revenue in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. For certain revenue transactions the firm did not (1) take into account certain contradictory audit evidence and (2) perform procedures to evaluate whether (a) performance obligations were appropriately identified (b) the determination of transaction prices was appropriate (c) the issuer was acting as either a principal or agent for goods or services and (d) it was appropriate to recognize revenue at a point in time or over time. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 6519 JLKZ CPA LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 1105 10 The issuer disclosed that it recognized revenue in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of data and reports produced by the issuer that the firm used in its testing of revenue. (AS 1105.10) Triennially Inspected 6519 JLKZ CPA LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2301 8 The firm did not perform any substantive procedures to test a portion of a revenue related account. (AS 2301.08) Triennially Inspected 6519 JLKZ CPA LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2301 8 The issuer held certain long-lived assets that were recorded at cost and reviewed by the issuer for indicators of potential impairment. The firm did not perform any substantive procedures to test the existence of these long-lived assets. (AS 2301.08) Triennially Inspected 6519 JLKZ CPA LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 1105 4 The issuer held certain long-lived assets that were recorded at cost and reviewed by the issuer for indicators of potential impairment. The firm did not sufficiently test the valuation of certain of these long-lived assets because the firm did not perform any procedures to evaluate the relevance and reliability of information used in the issuer's impairment assessment. (AS 1105.04 and .06) Triennially Inspected 6519 JLKZ CPA LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 1105 6 The issuer held certain long-lived assets that were recorded at cost and reviewed by the issuer for indicators of potential impairment. The firm did not sufficiently test the valuation of certain of these long-lived assets because the firm did not perform any procedures to evaluate the relevance and reliability of information used in the issuer's impairment assessment. (AS 1105.04 and .06) Triennially Inspected 6519 JLKZ CPA LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 6 AS 2301 41 The issuer recorded certain adjustments as part of its year-end financial reporting process. The firm did not perform any procedures to examine these adjustments. (AS 2301.41) Triennially Inspected 6519 JLKZ CPA LLP 2022 United States 2023-05-11T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 7 AS 2810 17 The firm identified uncorrected misstatements in the current year audit. The firm did not evaluate whether the uncorrected misstatements were material individually or in combination with other misstatements. (AS 2810.17) Triennially Inspected 367 SingerLewak LLP 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 1105 4 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm did not perform any substantive procedures to evaluate the reliability of information obtained from external sources that it used to test certain revenue and related accounts. (AS 1105.04 and .06) Triennially Inspected 367 SingerLewak LLP 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 1105 6 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm did not perform any substantive procedures to evaluate the reliability of information obtained from external sources that it used to test certain revenue and related accounts. (AS 1105.04 and .06) Triennially Inspected 367 SingerLewak LLP 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed this area but did not identify the deficiencies below. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of a report it used to test certain other revenue and related accounts. (AS 1105.10) Triennially Inspected 800 Smith & Howard, P.C. 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant Distributions 1 AS 2601 14 The firm's approach to testing participant distributions included reliance on controls and the use of data and reports from a service organization which processed and recorded participant distributions. The firm did not test the design and operating effectiveness of complementary user controls it selected for testing related to administration of access to electronic records and review of participant data and reports. In addition the firm did not evaluate whether certain other complementary user controls identified in the service auditor's report were relevant in addressing the risks of material misstatement related to participant distributions. (AS 2601.14) Triennially Inspected 800 Smith & Howard, P.C. 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant Distributions 2 AS 2301 16 The sample size the firm used in its substantive procedures to test participant distributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 800 Smith & Howard, P.C. 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant Distributions 2 AS 2301 18 The sample size the firm used in its substantive procedures to test participant distributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 800 Smith & Howard, P.C. 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant Distributions 2 AS 2301 37 The sample size the firm used in its substantive procedures to test participant distributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 800 Smith & Howard, P.C. 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant Distributions 2 AS 2315 19 The sample size the firm used in its substantive procedures to test participant distributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 800 Smith & Howard, P.C. 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant Distributions 2 AS 2315 23 The sample size the firm used in its substantive procedures to test participant distributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 800 Smith & Howard, P.C. 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant Distributions 2 AS 2315 23A The sample size the firm used in its substantive procedures to test participant distributions was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 800 Smith & Howard, P.C. 2022 United States 2023-04-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant Distributions 3 AS 2301 37 The firm used certain electronic participant data provided by the plan sponsor's service organization in testing participant distributions. The firm did not perform any procedures that addressed the accuracy and completeness of this data. (AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liabilities Fraud Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to (1) certain revenue and unearned revenue (2) certain liabilities and (3) long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to (1) certain revenue and unearned revenue (2) certain liabilities and (3) long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to (1) certain revenue and unearned revenue (2) certain liabilities and (3) long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unearned Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and/or record transactions related to (1) certain revenue and unearned revenue (2) certain liabilities and (3) long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liabilities Fraud Risk 2 AS 1105 10 With respect to change management: The firm selected for testing a change management control over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 1105 10 With respect to change management: The firm selected for testing a change management control over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 With respect to change management: The firm selected for testing a change management control over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unearned Revenue Fraud Risk 2 AS 1105 10 With respect to change management: The firm selected for testing a change management control over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liabilities Fraud Risk 3 AS 1105 10 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of the data from which it made its selections to test controls one and two. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 1105 10 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of the data from which it made its selections to test controls one and two. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of the data from which it made its selections to test controls one and two. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unearned Revenue Fraud Risk 3 AS 1105 10 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of the data from which it made its selections to test controls one and two. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liabilities Fraud Risk 4 AS 2201 46 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm also did not perform sufficient procedures to test the operating effectiveness of control two because its procedures were limited to testing one instance of the control's operation for each layer. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2201 46 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm also did not perform sufficient procedures to test the operating effectiveness of control two because its procedures were limited to testing one instance of the control's operation for each layer. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 46 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm also did not perform sufficient procedures to test the operating effectiveness of control two because its procedures were limited to testing one instance of the control's operation for each layer. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unearned Revenue Fraud Risk 4 AS 2201 46 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm also did not perform sufficient procedures to test the operating effectiveness of control two because its procedures were limited to testing one instance of the control's operation for each layer. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liabilities Fraud Risk 5 AS 2201 42 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform sufficient procedures to test control three because the firm did not perform procedures to understand the specific timing in which access was to be removed and test whether access was removed within this timeframe. (AS 2201.42 and .44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2201 42 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform sufficient procedures to test control three because the firm did not perform procedures to understand the specific timing in which access was to be removed and test whether access was removed within this timeframe. (AS 2201.42 and .44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform sufficient procedures to test control three because the firm did not perform procedures to understand the specific timing in which access was to be removed and test whether access was removed within this timeframe. (AS 2201.42 and .44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unearned Revenue Fraud Risk 5 AS 2201 42 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform sufficient procedures to test control three because the firm did not perform procedures to understand the specific timing in which access was to be removed and test whether access was removed within this timeframe. (AS 2201.42 and .44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liabilities Fraud Risk 5 AS 2201 44 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform sufficient procedures to test control three because the firm did not perform procedures to understand the specific timing in which access was to be removed and test whether access was removed within this timeframe. (AS 2201.42 and .44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2201 44 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform sufficient procedures to test control three because the firm did not perform procedures to understand the specific timing in which access was to be removed and test whether access was removed within this timeframe. (AS 2201.42 and .44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform sufficient procedures to test control three because the firm did not perform procedures to understand the specific timing in which access was to be removed and test whether access was removed within this timeframe. (AS 2201.42 and .44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unearned Revenue Fraud Risk 5 AS 2201 44 With respect to user access: The firm selected for testing user access controls over certain IT systems that consisted of (1) restricting access to implement program and/or configuration changes to authorized IT personnel with no development responsibilities (2) the approval of privileged system access for all layers based on the user's position and duties and (3) the removal of system access in a timely manner. The following deficiencies were identified: · The firm did not perform sufficient procedures to test control three because the firm did not perform procedures to understand the specific timing in which access was to be removed and test whether access was removed within this timeframe. (AS 2201.42 and .44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liabilities Fraud Risk 6 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of other user access controls for certain of the issuer's IT systems. The firm identified and tested controls that it believed would mitigate the deficiencies. The firm did not identify that these controls did not address the risks that (1) user access or privileged access may be granted to unauthorized users and (2) inappropriate access may be granted to users. Further the firm did not test the design and operating effectiveness of one compensating control for certain of these IT systems. (AS 2201.68) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of other user access controls for certain of the issuer's IT systems. The firm identified and tested controls that it believed would mitigate the deficiencies. The firm did not identify that these controls did not address the risks that (1) user access or privileged access may be granted to unauthorized users and (2) inappropriate access may be granted to users. Further the firm did not test the design and operating effectiveness of one compensating control for certain of these IT systems. (AS 2201.68) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of other user access controls for certain of the issuer's IT systems. The firm identified and tested controls that it believed would mitigate the deficiencies. The firm did not identify that these controls did not address the risks that (1) user access or privileged access may be granted to unauthorized users and (2) inappropriate access may be granted to users. Further the firm did not test the design and operating effectiveness of one compensating control for certain of these IT systems. (AS 2201.68) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unearned Revenue Fraud Risk 6 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of other user access controls for certain of the issuer's IT systems. The firm identified and tested controls that it believed would mitigate the deficiencies. The firm did not identify that these controls did not address the risks that (1) user access or privileged access may be granted to unauthorized users and (2) inappropriate access may be granted to users. Further the firm did not test the design and operating effectiveness of one compensating control for certain of these IT systems. (AS 2201.68) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liabilities Fraud Risk 7 AS 1105 10 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test certain liabilities unearned revenue and long-lived assets but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 1105 10 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test certain liabilities unearned revenue and long-lived assets but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test certain liabilities unearned revenue and long-lived assets but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unearned Revenue Fraud Risk 7 AS 1105 10 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test certain liabilities unearned revenue and long-lived assets but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Liabilities Fraud Risk 8 AS 2305 16 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm performed substantive analytical procedures as part of its testing of certain revenue. The firm used certain system-generated data to develop its expectations but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 2305.16) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 2305 16 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm performed substantive analytical procedures as part of its testing of certain revenue. The firm used certain system-generated data to develop its expectations but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 2305.16) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2305 16 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm performed substantive analytical procedures as part of its testing of certain revenue. The firm used certain system-generated data to develop its expectations but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 2305.16) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Unearned Revenue Fraud Risk 8 AS 2305 16 As a result of the firm's ITGC testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm performed substantive analytical procedures as part of its testing of certain revenue. The firm used certain system-generated data to develop its expectations but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 2305.16) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2201 44 With respect to Revenue which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · For certain revenue the firm selected for testing controls that consisted of the (1) reconciliation and review of certain data used to recognize revenue and (2) reconciliation and review of billed amounts prior to the recording of revenue. For the items selected for testing the firm did not test the management review aspects of these controls involving the review of (1) data used to recognize revenue and (2) billed amounts prior to the recording of revenue. (AS 2201.44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 55 With respect to Revenue which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The firm selected for testing other controls over certain revenue. The firm tested these controls through an interim date but did not perform any procedures to update the results of its testing from that interim date to year end. (AS 2201.55) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2305 16 With respect to Revenue which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The performed other substantive analytical procedures as part of its testing of certain revenue. The firm used data derived from the recorded amounts of revenue to develop its expectations but did not evaluate whether this data was sufficiently reliable for purposes of achieving its audit objectives. (AS 2305.16) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 12 AS 2201 42 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of an assessment of long-lived assets for potential impairment including the underlying cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the significant assumptions underlying these cash-flow forecasts. (AS 2201.42 and .44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 12 AS 2201 44 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of an assessment of long-lived assets for potential impairment including the underlying cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the significant assumptions underlying these cash-flow forecasts. (AS 2201.42 and .44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 13 AS 2201 55 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The firm selected for testing certain other IT-dependent manual controls over long-lived assets. The firm tested these controls through an interim date but did not perform any procedures to update the results of its testing from that interim date to year end. (AS 2201.55) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 14 AS 2501 10 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The firm's approach for substantively testing the impairment of certain long-lived assets was to test the issuer's process. The firm did not sufficiently evaluate whether the method the issuer used to perform its impairment analyses was in conformity with the applicable financial reporting framework including the requirements of International Accounting Standard 36 Impairment of Assets because the firm did not evaluate evidence that indicated whether the recoverable amount of the individual assets was estimable and available. (AS 2501.10; AS 2810.03) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 14 AS 2810 3 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The firm's approach for substantively testing the impairment of certain long-lived assets was to test the issuer's process. The firm did not sufficiently evaluate whether the method the issuer used to perform its impairment analyses was in conformity with the applicable financial reporting framework including the requirements of International Accounting Standard 36 Impairment of Assets because the firm did not evaluate evidence that indicated whether the recoverable amount of the individual assets was estimable and available. (AS 2501.10; AS 2810.03) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 1105 A1 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 1105 A10 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 1105 A2 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 1105 A3 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 1105 A4 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 1105 A5 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 1105 A6 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 1105 A7 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 1105 A8 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 1105 A9 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 15 AS 2501 7 With respect to Long-Lived Assets which was affected by the audit deficiencies related to change management and user access the following additional deficiencies were identified: · The issuer engaged a specialist to perform a quantitative assessment of certain long-lived assets for the purpose of determining whether the carrying amounts of those assets were recoverable as of the end of the prior year. The firm did not perform procedures to test the recoverable amounts of these long-lived assets as of the end of the current year beyond obtaining the issuer's impairment schedule and the valuation report prepared by the company's specialist in the prior year. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 16 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries from the listing of entries that met the fraud criteria without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Significant Risk 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Significant Risk 2 AS 1105 10 With respect to change management: The firm selected for testing a change management control over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 1105 10 With respect to change management: The firm selected for testing a change management control over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 1105 10 With respect to change management: The firm selected for testing a change management control over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Significant Risk 3 AS 1105 10 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test deferred revenue long-lived assets and certain revenue but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 1105 10 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test deferred revenue long-lived assets and certain revenue but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 1105 10 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test deferred revenue long-lived assets and certain revenue but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Significant Risk 4 AS 2305 16 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The firm performed substantive analytical procedures as part of its testing of certain revenue and depreciation expense. The firm used certain system-generated data to develop its expectations but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 2305.16) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2305 16 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The firm performed substantive analytical procedures as part of its testing of certain revenue and depreciation expense. The firm used certain system-generated data to develop its expectations but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 2305.16) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2305 16 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The firm performed substantive analytical procedures as part of its testing of certain revenue and depreciation expense. The firm used certain system-generated data to develop its expectations but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 2305.16) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Significant Risk 5 AS 2301 16 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2301 16 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2301 16 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Significant Risk 5 AS 2301 18 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2301 18 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2301 18 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Significant Risk 5 AS 2301 37 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2301 37 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2301 37 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Significant Risk 5 AS 2315 19 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2315 19 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2315 19 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Significant Risk 5 AS 2315 23 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2315 23 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2315 23 As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Significant Risk 5 AS 2315 23A As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2315 23A As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2315 23A As a result of the firm's ITGC testing deficiency discussed above the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue and long-lived assets was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2301 8 The principal auditor instructed the firm to perform specific substantive procedures to address the identified risks of material misstatement related to revenue. The firm did not perform sufficient substantive procedures to test revenue because the firm did not perform certain procedures for each transaction selected for testing and did not perform certain other procedures that it was instructed to perform. (AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 As instructed by the principal auditor the firm selected for testing controls that consisted of the performance of physical inventory counts a reconciliation of those counts to the inventory records and the adjustment of those records as appropriate. The firm did not perform sufficient procedures to test the operating effectiveness of these controls because the firm did not test the aspect of the control involving the performance of the physical inventory counts performed during the operation of these controls. (AS 2201.44) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 1 AS 2201 39 The issuer derives revenue through consolidated variable interest entities (VIEs) and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not identify and test any controls over the identification and monitoring of events requiring a reassessment of VIEs as a reconsideration event under FASB ASC Topic 810 Consolidation. (AS 2201.39) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 1105 A1 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 1105 A10 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 1105 A2 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 1105 A3 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 1105 A4 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 1105 A5 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 1105 A6 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 1105 A7 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 1105 A8 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 1105 A9 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1186 KPMG Huazhen LLP 2022 China KPMG International Cooperative 2023-03-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 2 AS 2301 8 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders. The firm did not perform substantive procedures to evaluate whether reconsideration events under FASB ASC Topic 810 had occurred requiring a reassessment of the VIEs beyond obtaining and reading the legal opinion prepared by the company's specialist. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 46 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 42 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The firm selected for testing controls over administrative access and monitoring but did not perform procedures beyond inquiry to test (1) certain of these controls and (2) an aspect of another of these controls. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 44 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The firm selected for testing controls over administrative access and monitoring but did not perform procedures beyond inquiry to test (1) certain of these controls and (2) an aspect of another of these controls. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2201 39 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The firm did not identify and test any controls over certain automated functionality related to change management and user access. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2201 42 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The firm selected for testing controls that included the issuer's review of whether access was appropriate for transferred employees. The firm did not evaluate the specific review procedures that the control owners performed to assess this access. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2201 44 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The firm selected for testing controls that included the issuer's review of whether access was appropriate for transferred employees. The firm did not evaluate the specific review procedures that the control owners performed to assess this access. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 1105 10 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to revenue and related accounts. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The firm selected for testing controls over change management and user access but for certain of these controls did not perform procedures beyond inquiry to test or test any controls over (1) the completeness of the population of items from which it made its selections for testing or (2) the accuracy of information the firm used in its testing. Further for another of these change management controls when testing the completeness of the population from which the firm made its selections for testing the firm did not test all relevant sources of changes. (AS 1105.10) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2201 46 With respect to the firm's testing of controls with an automated component: · The firm selected for testing various automated controls over certain revenue and related accounts. The firm's testing of these automated controls using a sample of only one instance of the controls' operation was not sufficient because the firm did not test the programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these automated controls were designed and operating effectively. (AS 2201.46) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2201 42 With respect to the firm's testing of controls with an automated component: · For one type of revenue the firm selected for testing a control that consisted of the automated calculation and recording of revenue and related accounts and a manual review of the accuracy of the data used in the operation of this control. The firm did not test the manual aspect of this control. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2201 44 With respect to the firm's testing of controls with an automated component: · For one type of revenue the firm selected for testing a control that consisted of the automated calculation and recording of revenue and related accounts and a manual review of the accuracy of the data used in the operation of this control. The firm did not test the manual aspect of this control. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 8 AS 2201 39 With respect to the firm's testing of controls with an automated component: · For certain revenue the firm did not identify and test any controls over certain inputs and assumptions used by the issuer to recognize revenue. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 9 AS 2201 44 The firm selected for testing controls over the automated transfer or reconciliation of data between systems. The following deficiencies were identified: · Certain of these controls included the manual resolution of any errors in this data transfer. The firm did not test the operating effectiveness of the manual aspect of these controls. (AS 2201.44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 10 AS 2201 39 The firm selected for testing controls over the automated transfer or reconciliation of data between systems. The following deficiencies were identified: · For certain other of these controls the firm did not identify and test any controls over the investigation and resolution of identified variances. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 11 AS 2201 46 The firm selected for testing controls over the automated transfer or reconciliation of data between systems. The following deficiencies were identified: · For certain of these controls which operated across multiple systems the firm's approach of testing one instance of the controls was based on an unsupported assumption that all systems were configured the same way. (AS 2201.46) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 12 AS 2201 42 With respect to the firm's testing of manual controls: · The firm selected for testing various controls related to the issuer's reviews of certain revenue and related accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 12 AS 2201 44 With respect to the firm's testing of manual controls: · The firm selected for testing various controls related to the issuer's reviews of certain revenue and related accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 13 AS 1105 10 With respect to the firm's testing of manual controls: · The firm selected for testing controls that consisted of the issuer's reviews of certain contracts. The firm did not perform procedures beyond inquiry to test or test any controls over the completeness of the population of contracts from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 14 AS 2201 39 With respect to the firm's testing of manual controls: · For certain other contracts the firm did not identify and test any controls that addressed whether relevant terms and conditions were identified and evaluated for appropriate revenue recognition. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 15 AS 2201 39 With respect to the firm's testing of manual controls: · For one type of revenue the firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 16 AS 2315 24 With respect to the firm's substantive testing: · The firm performed tests of details for a sample of certain revenue and related accounts. The firm did not perform any procedures to verify that each of the individual transactions from the respective revenue and related accounts had the opportunity to be selected for testing. (AS 2315.24) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 17 AS 2301 16 With respect to the firm's substantive testing: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 17 AS 2301 18 With respect to the firm's substantive testing: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 17 AS 2301 37 With respect to the firm's substantive testing: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 17 AS 2315 19 With respect to the firm's substantive testing: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 17 AS 2315 23 With respect to the firm's substantive testing: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 17 AS 2315 23A With respect to the firm's substantive testing: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 18 AS 2301 8 With respect to the firm's substantive testing: · For certain revenue the firm did not perform procedures to evaluate the validity of the inputs used by the issuer to recognize revenue beyond identifying the source of the inputs. Further the firm did not perform procedures to test the prices the issuer used to recognize this revenue beyond testing whether the price charged was below a maximum allowed price. (AS 2301.08 and .13) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 18 AS 2301 13 With respect to the firm's substantive testing: · For certain revenue the firm did not perform procedures to evaluate the validity of the inputs used by the issuer to recognize revenue beyond identifying the source of the inputs. Further the firm did not perform procedures to test the prices the issuer used to recognize this revenue beyond testing whether the price charged was below a maximum allowed price. (AS 2301.08 and .13) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 19 AS 2301 8 With respect to the firm's substantive testing: · For certain other revenue the firm did not test whether revenue was recognized in accordance with relevant contract terms and conditions. (AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 20 AS 2301 8 With respect to the firm's substantive testing: · For certain other revenue the firm obtained the issuer's revenue recognition schedule and recalculated a sample of items. The firm did not consider the different revenue recognition methods when recalculating its sample. (AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 21 AS 2301 8 With respect to the firm's substantive testing: · The firm did not perform any procedures to test certain related accounts. (AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 22 AS 1105 10 With respect to the firm's substantive testing: · The firm did not perform procedures to test or (as discussed above) sufficiently test controls over the accuracy and completeness of certain system-generated data or reports that (1) the firm used to make its selections for testing and (2) the firm used in its substantive testing. (AS 1105.10) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 23 AS 2201 42 The issuer engaged an external specialist to assist in developing an estimate of a related account. The firm selected for testing a control that consisted of the issuer's review of the estimate including the company's specialist's report. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 23 AS 2201 44 The issuer engaged an external specialist to assist in developing an estimate of a related account. The firm selected for testing a control that consisted of the issuer's review of the estimate including the company's specialist's report. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 24 AS 2201 39 The issuer engaged an external specialist to assist in developing an estimate of a related account. The firm selected for testing a control that consisted of the issuer's review of the estimate including the company's specialist's report. The firm did not identify and test any controls over the accuracy and completeness of certain data used in developing the estimate. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 1105 A1 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 1105 A10 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 1105 A2 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 1105 A3 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 1105 A4 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 1105 A5 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 1105 A6 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 1105 A7 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 1105 A8 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 1105 A9 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 25 AS 2501 7 The firm did not perform procedures to test the estimate beyond performing certain recalculations and obtaining the company's specialist report. Further the firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 26 AS 2201 42 The firm selected for testing controls that consisted of the issuer's review of the reasonableness of certain significant assumptions used by the issuer in developing an estimate related to this significant account. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 26 AS 2201 44 The firm selected for testing controls that consisted of the issuer's review of the reasonableness of certain significant assumptions used by the issuer in developing an estimate related to this significant account. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 27 AS 2501 16 The firm's approach for substantively testing the above estimate related to this significant account was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions because it did not evaluate whether the Issuer had a reasonable basis for the assumptions. Further in evaluating the reasonableness of these significant assumptions the firm did not take into account the issuer's ability to carry out its intended courses of action beyond observing that the assumptions were directionally consistent with the issuer's historical information and other information. (AS 2501.16 and .17) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 27 AS 2501 17 The firm's approach for substantively testing the above estimate related to this significant account was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions because it did not evaluate whether the Issuer had a reasonable basis for the assumptions. Further in evaluating the reasonableness of these significant assumptions the firm did not take into account the issuer's ability to carry out its intended courses of action beyond observing that the assumptions were directionally consistent with the issuer's historical information and other information. (AS 2501.16 and .17) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 28 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of an aspect of the accounting treatment for this significant account. The firm did not evaluate the specific review procedures that the control owner performed to evaluate whether the accounting treatment was in accordance with GAAP. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 28 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of an aspect of the accounting treatment for this significant account. The firm did not evaluate the specific review procedures that the control owner performed to evaluate whether the accounting treatment was in accordance with GAAP. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account Significant Risk 29 AS 2301 8 The firm did not perform any procedures to evaluate the issuer's conclusion that this aspect of the accounting treatment was in accordance with GAAP. (AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 30 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the initial accounting treatment of significant transactions. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 30 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the initial accounting treatment of significant transactions. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 31 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of the initial accounting treatment of significant transactions. The firm did not identify and test any controls over the review of the subsequent accounting treatment of these significant transactions. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 32 AS 2301 8 The firm did not perform procedures to test the issuer's conclusion regarding the subsequent accounting treatment of the significant transactions beyond reviewing contractual agreements and certain issuer information. (AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 1105 A1 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 1105 A10 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 1105 A2 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 1105 A3 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 1105 A4 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 1105 A5 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 1105 A6 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 1105 A7 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 1105 A8 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 1105 A9 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transactions 33 AS 2301 8 In performing procedures to evaluate the accounting treatment of these transactions the firm used the work of the company's specialist as audit evidence. The firm did not perform any procedures to use the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2301.08) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 42 The firm identified certain deficiencies in the control environment. The firm however did not consider the effect of these deficiencies in other areas of the audit in (1) forming conclusions about the design and operating effectiveness of the controls in those areas and (2) determining the level of control reliance used in the design of its substantive procedures in those areas. (AS 2201.42 .44 and .B6; AS 2301.34) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 42 The firm identified certain deficiencies in the control environment. The firm however did not consider the effect of these deficiencies in other areas of the audit in (1) forming conclusions about the design and operating effectiveness of the controls in those areas and (2) determining the level of control reliance used in the design of its substantive procedures in those areas. (AS 2201.42 .44 and .B6; AS 2301.34) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 44 The firm identified certain deficiencies in the control environment. The firm however did not consider the effect of these deficiencies in other areas of the audit in (1) forming conclusions about the design and operating effectiveness of the controls in those areas and (2) determining the level of control reliance used in the design of its substantive procedures in those areas. (AS 2201.42 .44 and .B6; AS 2301.34) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 44 The firm identified certain deficiencies in the control environment. The firm however did not consider the effect of these deficiencies in other areas of the audit in (1) forming conclusions about the design and operating effectiveness of the controls in those areas and (2) determining the level of control reliance used in the design of its substantive procedures in those areas. (AS 2201.42 .44 and .B6; AS 2301.34) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 B6 The firm identified certain deficiencies in the control environment. The firm however did not consider the effect of these deficiencies in other areas of the audit in (1) forming conclusions about the design and operating effectiveness of the controls in those areas and (2) determining the level of control reliance used in the design of its substantive procedures in those areas. (AS 2201.42 .44 and .B6; AS 2301.34) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 B6 The firm identified certain deficiencies in the control environment. The firm however did not consider the effect of these deficiencies in other areas of the audit in (1) forming conclusions about the design and operating effectiveness of the controls in those areas and (2) determining the level of control reliance used in the design of its substantive procedures in those areas. (AS 2201.42 .44 and .B6; AS 2301.34) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2301 34 The firm identified certain deficiencies in the control environment. The firm however did not consider the effect of these deficiencies in other areas of the audit in (1) forming conclusions about the design and operating effectiveness of the controls in those areas and (2) determining the level of control reliance used in the design of its substantive procedures in those areas. (AS 2201.42 .44 and .B6; AS 2301.34) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2301 34 The firm identified certain deficiencies in the control environment. The firm however did not consider the effect of these deficiencies in other areas of the audit in (1) forming conclusions about the design and operating effectiveness of the controls in those areas and (2) determining the level of control reliance used in the design of its substantive procedures in those areas. (AS 2201.42 .44 and .B6; AS 2301.34) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 42 The issuer recognized revenue at the time services were provided to its customers. The following deficiencies were identified: • The firm selected for testing controls that consisted of the issuer's verification with its customers of the services provided and amounts to be invoiced. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 44 The issuer recognized revenue at the time services were provided to its customers. The following deficiencies were identified: • The firm selected for testing controls that consisted of the issuer's verification with its customers of the services provided and amounts to be invoiced. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2201 39 The issuer recognized revenue at the time services were provided to its customers. The following deficiencies were identified: • The firm did not identify and test any controls over (1) the accuracy and completeness of reports generated from the issuer's IT systems and (2) the relevance and reliability of information obtained from external sources that the control owners used in the operation of these controls. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2201 39 The issuer recognized revenue at the time services were provided to its customers. The following deficiencies were identified: • The firm did not identify and test any controls over the application of cash receipts to customer accounts. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2301 8 To test revenue and related accounts the firm sent positive confirmation requests to the issuer's customers and performed certain other substantive procedures. The following deficiencies were identified: · For one response returned without exception in which the customer indicated its agreement to the amounts invoiced by the issuer during the year the firm did not perform any procedures to test whether the issuer had satisfied its performance obligations for the amounts invoiced. (AS 2301.08 and .13) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2301 13 To test revenue and related accounts the firm sent positive confirmation requests to the issuer's customers and performed certain other substantive procedures. The following deficiencies were identified: · For one response returned without exception in which the customer indicated its agreement to the amounts invoiced by the issuer during the year the firm did not perform any procedures to test whether the issuer had satisfied its performance obligations for the amounts invoiced. (AS 2301.08 and .13) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 1105 4 To test revenue and related accounts the firm sent positive confirmation requests to the issuer's customers and performed certain other substantive procedures. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of information obtained from external sources it used in its testing. (AS 1105.04 and .06) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 1105 6 To test revenue and related accounts the firm sent positive confirmation requests to the issuer's customers and performed certain other substantive procedures. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of information obtained from external sources it used in its testing. (AS 1105.04 and .06) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 1105 10 To test revenue and related accounts the firm sent positive confirmation requests to the issuer's customers and performed certain other substantive procedures. The following deficiencies were identified: · The firm did not perform procedures to test or (as discussed above) test any controls over the accuracy and completeness of reports generated from the issuer's IT systems that it used in its testing. (AS 1105.10) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 8 AS 2301 8 To test revenue and related accounts the firm sent positive confirmation requests to the issuer's customers and performed certain other substantive procedures. The following deficiencies were identified: · The firm did not perform any procedures to evaluate certain selected revenue transactions. (AS 2301.08 and .13) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 8 AS 2301 13 To test revenue and related accounts the firm sent positive confirmation requests to the issuer's customers and performed certain other substantive procedures. The following deficiencies were identified: · The firm did not perform any procedures to evaluate certain selected revenue transactions. (AS 2301.08 and .13) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 9 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 9 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 9 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 9 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 9 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 9 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 10 AS 2201 39 The firm did not identify and test any controls over the issuer's estimates of variable consideration included in the transaction price. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 11 AS 2501 7 The firm did not perform procedures to test the issuer's estimates of variable consideration that it expects to ultimately include in the transaction price beyond testing the amounts the issuer invoiced to its customers during the year. (AS 2501.07) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 12 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the method and certain significant assumptions that were used by the issuer to develop another estimate of a related account. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the appropriateness of the method and the reasonableness of certain significant assumptions that were used. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 12 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the method and certain significant assumptions that were used by the issuer to develop another estimate of a related account. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the appropriateness of the method and the reasonableness of certain significant assumptions that were used. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 13 AS 2501 10 The firm did not perform any procedures to evaluate whether the method used by the issuer to develop this other estimate was (1) in conformity with the requirements of the applicable financial reporting framework and (2) appropriate for the nature of the related account taking into account its understanding of the issuer and its environment. (AS 2501.10) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 14 AS 1105 4 The firm's approach for substantively testing certain significant assumptions related to this other estimate was to develop an expectation using model analyses and information provided by an auditor-employed specialist for comparison to the issuer's significant assumptions. The firm did not demonstrate that it had a reasonable basis for its expectation of the significant assumptions because it did not evaluate the relevance and reliability of certain external data obtained and used by the auditor-employed specialist in developing its expectations. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 14 AS 1105 6 The firm's approach for substantively testing certain significant assumptions related to this other estimate was to develop an expectation using model analyses and information provided by an auditor-employed specialist for comparison to the issuer's significant assumptions. The firm did not demonstrate that it had a reasonable basis for its expectation of the significant assumptions because it did not evaluate the relevance and reliability of certain external data obtained and used by the auditor-employed specialist in developing its expectations. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 14 AS 2501 16 The firm's approach for substantively testing certain significant assumptions related to this other estimate was to develop an expectation using model analyses and information provided by an auditor-employed specialist for comparison to the issuer's significant assumptions. The firm did not demonstrate that it had a reasonable basis for its expectation of the significant assumptions because it did not evaluate the relevance and reliability of certain external data obtained and used by the auditor-employed specialist in developing its expectations. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 15 AS 1201 C6 The firm's approach for substantively testing certain significant assumptions related to this other estimate was to develop an expectation using model analyses and information provided by an auditor-employed specialist for comparison to the issuer's significant assumptions. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because it did not perform procedures to address limitations set forth by the auditor-employed specialist. (AS 1201.C6 and .C7) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 15 AS 1201 C7 The firm's approach for substantively testing certain significant assumptions related to this other estimate was to develop an expectation using model analyses and information provided by an auditor-employed specialist for comparison to the issuer's significant assumptions. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because it did not perform procedures to address limitations set forth by the auditor-employed specialist. (AS 1201.C6 and .C7) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 16 AS 2201 42 The issuer performed a quantitative assessment to test its goodwill for impairment and engaged an external specialist to determine the fair value of its reporting units at year end. The firm selected for testing a control that consisted of the issuer's review of the significant assumptions that were developed and used by the company's specialist to determine the fair value of the issuer's reporting units. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of those significant assumptions. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 16 AS 2201 44 The issuer performed a quantitative assessment to test its goodwill for impairment and engaged an external specialist to determine the fair value of its reporting units at year end. The firm selected for testing a control that consisted of the issuer's review of the significant assumptions that were developed and used by the company's specialist to determine the fair value of the issuer's reporting units. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of those significant assumptions. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 17 AS 2201 39 The issuer performed a quantitative assessment to test its goodwill for impairment and engaged an external specialist to determine the fair value of its reporting units at year end. The firm selected for testing a control that consisted of the issuer's review of the significant assumptions that were developed and used by the company's specialist to determine the fair value of the issuer's reporting units. The firm did not identify and test any controls over the reasonableness of significant assumptions developed by the issuer that were used by the company's specialist to determine the fair value of the issuer's reporting units. (AS 2201.39) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 18 AS 2501 16 The firm's approach for substantively testing the issuer's quantitative goodwill assessment was to test the issuer's process. For one reporting unit the firm did not perform any procedures to evaluate whether the issuer had a reasonable basis for certain significant assumptions it developed. (AS 2501.16) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 19 AS 1105 A8a The firm's approach for substantively testing the issuer's quantitative goodwill assessment was to test the issuer's process. The following deficiencies were identified for another reporting unit: · The firm did not sufficiently evaluate the relevance of certain data used by the company's specialist to develop a significant assumption because the firm did not consider certain of the issuer's business objectives. (AS 1105.A8a) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 20 AS 1105 A8b The firm's approach for substantively testing the issuer's quantitative goodwill assessment was to test the issuer's process. The following deficiencies were identified for another reporting unit: · The firm did not perform any procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 21 AS 2401 61 The firm did not perform sufficient procedures to identify and select journal entries for testing to address the risks of management override identified by the firm because the firm did not use accurate information as the basis for the test. (AS 2401.61) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 1 AS 2201 46 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. As a result of deficiencies in the firm's testing of ITGCs for this application the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. As a result of deficiencies in the firm's testing of ITGCs for this application the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 2 AS 2201 42 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control that consisted of the issuer's review of segregation of duties. The firm did not evaluate the specific review procedures that the control owner performed to identify the population of individuals with administrative access. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control that consisted of the issuer's review of segregation of duties. The firm did not evaluate the specific review procedures that the control owner performed to identify the population of individuals with administrative access. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 2 AS 2201 44 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control that consisted of the issuer's review of segregation of duties. The firm did not evaluate the specific review procedures that the control owner performed to identify the population of individuals with administrative access. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control that consisted of the issuer's review of segregation of duties. The firm did not evaluate the specific review procedures that the control owner performed to identify the population of individuals with administrative access. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 3 AS 2201 42 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control that consisted of the issuer's review of user access. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control that consisted of the issuer's review of user access. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 3 AS 2201 44 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control that consisted of the issuer's review of user access. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control that consisted of the issuer's review of user access. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 4 AS 1105 10 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control that consisted of the issuer's review of user access. The firm did not perform procedures to test or test any controls over the completeness of the population of users with access to certain revenue transactions. (AS 1105.10) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control that consisted of the issuer's review of user access. The firm did not perform procedures to test or test any controls over the completeness of the population of users with access to certain revenue transactions. (AS 1105.10) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 5 AS 2201 48 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control over new modified and terminated user access. The firm identified deviations in the operation of this control but did not determine the effect of these deviations on the operating effectiveness of this control. (AS 2201.48) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 48 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control over new modified and terminated user access. The firm identified deviations in the operation of this control but did not determine the effect of these deviations on the operating effectiveness of this control. (AS 2201.48) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 6 AS 1105 10 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control over change management but did not perform procedures to test or test controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 10 The issuer used an IT application to process revenue and cost of sales transactions. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this application. The firm selected for testing a control over change management but did not perform procedures to test or test controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 7 AS 2201 42 The firm selected for testing certain controls that consisted of the issuer's review of revenue and cost of sales. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 42 The firm selected for testing certain controls that consisted of the issuer's review of revenue and cost of sales. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 7 AS 2201 44 The firm selected for testing certain controls that consisted of the issuer's review of revenue and cost of sales. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 44 The firm selected for testing certain controls that consisted of the issuer's review of revenue and cost of sales. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 8 AS 2201 42 The firm selected for testing a control that included the automated transfer of data between systems and the manual resolution of any errors in this data transfer. The firm did not test the manual aspect of this control. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 42 The firm selected for testing a control that included the automated transfer of data between systems and the manual resolution of any errors in this data transfer. The firm did not test the manual aspect of this control. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 8 AS 2201 44 The firm selected for testing a control that included the automated transfer of data between systems and the manual resolution of any errors in this data transfer. The firm did not test the manual aspect of this control. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 44 The firm selected for testing a control that included the automated transfer of data between systems and the manual resolution of any errors in this data transfer. The firm did not test the manual aspect of this control. (AS 2201.42 and .44) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 9 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 9 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 9 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 9 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 9 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cost of Sales 9 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and cost of sales were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Cash 10 AS 1105 9 The firm sent positive confirmation requests for cash. The firm did not identify certain conditions indicating that certain bank confirmation responses or parts thereof might not be authentic or might not have come from the purported source. As a result the firm did not perform additional audit procedures to respond to those conditions and evaluate their effect if any on the other aspects of the audit. (AS 1105.09) Triennially Inspected 1389 PricewaterhouseCoopers 2022 Hong Kong PricewaterhouseCoopers International Limited 2023-03-28T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 11 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because other than inquiries of management it limited its procedures to one journal entry without having an appropriate rationale for limiting its testing to that journal entry. (AS 2401.61) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 1105 10 The issuer operates a recreational vehicle (RV) resort and earns revenue from site rental fees. The issuer also earns revenue from other services and from retail sales from a general store and recreational vehicle parts store. To test site rental revenue the firm selected a sample from a system-generated arrival report for a dual-purpose test of controls and substantive procedures. The firm's procedures did not address whether revenue was recognized only when customers occupied spaces as the firm did not perform any procedures to test or test any controls over the accuracy and completeness of the check in and check out dates from the system-generated arrival report used in its testing. (AS 1105.10) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 16 The issuer operates a recreational vehicle (RV) resort and earns revenue from site rental fees. The issuer also earns revenue from other services and from retail sales from a general store and recreational vehicle parts store. To test site rental revenue the firm selected a sample from a system-generated arrival report for a dual-purpose test of controls and substantive procedures. The sample size used in its substantive procedures was too small to provide sufficient appropriate audit evidence because the firm used a sample size for control testing which did not take into account tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 19 The issuer operates a recreational vehicle (RV) resort and earns revenue from site rental fees. The issuer also earns revenue from other services and from retail sales from a general store and recreational vehicle parts store. To test site rental revenue the firm selected a sample from a system-generated arrival report for a dual-purpose test of controls and substantive procedures. The sample size used in its substantive procedures was too small to provide sufficient appropriate audit evidence because the firm used a sample size for control testing which did not take into account tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 23 The issuer operates a recreational vehicle (RV) resort and earns revenue from site rental fees. The issuer also earns revenue from other services and from retail sales from a general store and recreational vehicle parts store. To test site rental revenue the firm selected a sample from a system-generated arrival report for a dual-purpose test of controls and substantive procedures. The sample size used in its substantive procedures was too small to provide sufficient appropriate audit evidence because the firm used a sample size for control testing which did not take into account tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 44 The issuer operates a recreational vehicle (RV) resort and earns revenue from site rental fees. The issuer also earns revenue from other services and from retail sales from a general store and recreational vehicle parts store. To test site rental revenue the firm selected a sample from a system-generated arrival report for a dual-purpose test of controls and substantive procedures. The sample size used in its substantive procedures was too small to provide sufficient appropriate audit evidence because the firm used a sample size for control testing which did not take into account tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2315 23A The issuer operates a recreational vehicle (RV) resort and earns revenue from site rental fees. The issuer also earns revenue from other services and from retail sales from a general store and recreational vehicle parts store. To test site rental revenue the firm selected a sample from a system-generated arrival report for a dual-purpose test of controls and substantive procedures. The sample size used in its substantive procedures was too small to provide sufficient appropriate audit evidence because the firm used a sample size for control testing which did not take into account tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 .23A and .44) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 8 The issuer operates a recreational vehicle (RV) resort and earns revenue from site rental fees. The issuer also earns revenue from other services and from retail sales from a general store and recreational vehicle parts store. For revenue recognized from retail sales and one type of service the firm did not perform any substantive procedures to test this revenue. (AS 2301.08 and .11) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 3 AS 2301 11 The issuer operates a recreational vehicle (RV) resort and earns revenue from site rental fees. The issuer also earns revenue from other services and from retail sales from a general store and recreational vehicle parts store. For revenue recognized from retail sales and one type of service the firm did not perform any substantive procedures to test this revenue. (AS 2301.08 and .11) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 17 To test revenue the firm selected a sample of cash receipts from a journal of cash receipts. The following deficiencies were identified: · The firm drew its sample from the population of cash receipts that were not necessarily representative of revenue recorded during the year. (AS 2315.17) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 To test revenue the firm selected a sample of cash receipts from a journal of cash receipts. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the completeness of the journal of cash receipts. (AS 1105.10) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 To test revenue the firm selected a sample of cash receipts from a journal of cash receipts. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to test whether revenue was recognized in the appropriate period because it limited its testing to revenue transactions before the end of the year. (AS 2301.08 and .13) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 To test revenue the firm selected a sample of cash receipts from a journal of cash receipts. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to test whether revenue was recognized in the appropriate period because it limited its testing to revenue transactions before the end of the year. (AS 2301.08 and .13) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 To test revenue the firm selected a sample of cash receipts from a journal of cash receipts. The following deficiencies were identified: · The firm did not perform procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 To test revenue the firm selected a sample of cash receipts from a journal of cash receipts. The following deficiencies were identified: · The firm did not perform procedures to evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 5 AS 2301 8 The firm did not perform any procedures to evaluate whether debt was appropriately accounted for in conformity with generally accepted accounting principles. (AS 2301.08) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 6 AS 2310 31 To test the debt the firm sent positive confirmation requests to the noteholders. For certain positive confirmation requests for which it did not receive a response the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the debt was complete at year end. (AS 2310.31) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1201.05; AS 1215.15) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1201.05; AS 1215.15) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1215 15 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1201.05; AS 1215.15) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform procedures to evaluate whether the issuer recognized revenue in conformity with the relevant steps required under FASB ASC Topic 606. (AS 2301.08 and .13) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform procedures to evaluate whether the issuer recognized revenue in conformity with the relevant steps required under FASB ASC Topic 606. (AS 2301.08 and .13) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm did not perform sufficient substantive procedures to test whether revenue was recognized in the appropriate period because it limited its testing to revenue transactions before the end of the year. (AS 2301.08 and .13) Triennially Inspected 429 Louis Plung & Company, LLP 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm did not perform sufficient substantive procedures to test whether revenue was recognized in the appropriate period because it limited its testing to revenue transactions before the end of the year. (AS 2301.08 and .13) Triennially Inspected 1431 EY Servicios Profesionales de Auditoria y Asesorias Limitada 2022 Chile Ernst & Young Global Limited 2023-03-27T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables 1 AS 2201 39 The firm did not identify and test any controls over the existence and valuation of unbilled receivables. (AS 2201.39) Triennially Inspected 1431 EY Servicios Profesionales de Auditoria y Asesorias Limitada 2022 Chile Ernst & Young Global Limited 2023-03-27T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Receivables 2 AS 2301 8 The firm did not perform any substantive procedures to test the existence and valuation of unbilled receivables. (AS 2301.08) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1101 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1105 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 10 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2105 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2110 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2301 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2410 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2415 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2805 5 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 30 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 31 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements agreements and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain significant accounts and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1101 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1105 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 10 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2105 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2110 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2301 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2410 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2415 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2805 5 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 30 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6579 Jack Shama 2022 United States 2023-03-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 31 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to obtaining certain bank statements an excerpt of an agreement and issuer-prepared documents. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2410.03; AS 2415.03; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 1250 Pivot CPAs, P.A. 2022 United States 2023-03-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2301 8 The firm's substantive procedures to test the unit cost of certain inventory included selecting a sample of inventory items for testing. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether this inventory was recorded at the lower of cost or net realizable value. (AS 2301.08 and .11) Triennially Inspected 1250 Pivot CPAs, P.A. 2022 United States 2023-03-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2301 11 The firm's substantive procedures to test the unit cost of certain inventory included selecting a sample of inventory items for testing. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether this inventory was recorded at the lower of cost or net realizable value. (AS 2301.08 and .11) Triennially Inspected 1250 Pivot CPAs, P.A. 2022 United States 2023-03-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 10 The firm's substantive procedures to test the unit cost of certain inventory included selecting a sample of inventory items for testing. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain data and reports used in its substantive testing of this inventory. (AS 1105.10) Triennially Inspected 1250 Pivot CPAs, P.A. 2022 United States 2023-03-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2501 22 The firm's approach for substantively testing the reserve for excess and obsolete inventory was to develop an independent expectation as a range. The following deficiencies were identified: · The firm did not perform substantive procedures beyond inquiry to demonstrate that it had a reasonable basis for its assumption that certain items did not require a reserve including considering that the issuer recorded a reserve for this inventory during the financial reporting close process. (AS 2501.22; AS 2810.03) Triennially Inspected 1250 Pivot CPAs, P.A. 2022 United States 2023-03-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2810 3 The firm's approach for substantively testing the reserve for excess and obsolete inventory was to develop an independent expectation as a range. The following deficiencies were identified: · The firm did not perform substantive procedures beyond inquiry to demonstrate that it had a reasonable basis for its assumption that certain items did not require a reserve including considering that the issuer recorded a reserve for this inventory during the financial reporting close process. (AS 2501.22; AS 2810.03) Triennially Inspected 1250 Pivot CPAs, P.A. 2022 United States 2023-03-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2501 22 The firm's approach for substantively testing the reserve for excess and obsolete inventory was to develop an independent expectation as a range. The following deficiencies were identified: · The firm did not perform substantive procedures beyond inquiry to demonstrate that it had a reasonable basis for certain other assumptions. (AS 2501.22) Triennially Inspected 1250 Pivot CPAs, P.A. 2022 United States 2023-03-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 2501 25 The firm's approach for substantively testing the reserve for excess and obsolete inventory was to develop an independent expectation as a range. The following deficiencies were identified: · The firm did not perform any substantive procedures to demonstrate that its independent expectation as a range encompassed only reasonable outcomes and was supported by sufficient appropriate evidence. (AS 2501.25) Triennially Inspected 1250 Pivot CPAs, P.A. 2022 United States 2023-03-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 2501 26 The firm's approach for substantively testing the reserve for excess and obsolete inventory was to develop an independent expectation as a range. The following deficiencies were identified: · The firm did not perform procedures beyond inquiry to evaluate the difference between its independent expectation as a range and the issuer's recorded reserve. (AS 2501.26; AS 2810.13) Triennially Inspected 1250 Pivot CPAs, P.A. 2022 United States 2023-03-23T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 2810 13 The firm's approach for substantively testing the reserve for excess and obsolete inventory was to develop an independent expectation as a range. The following deficiencies were identified: · The firm did not perform procedures beyond inquiry to evaluate the difference between its independent expectation as a range and the issuer's recorded reserve. (AS 2501.26; AS 2810.13) Triennially Inspected 1410 KPMG 2022 Argentina KPMG International Cooperative 2023-03-23T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the estimated value of certain financial assets categorized as level 3 securities. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1410 KPMG 2022 Argentina KPMG International Cooperative 2023-03-23T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the estimated value of certain financial assets categorized as level 3 securities. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1410 KPMG 2022 Argentina KPMG International Cooperative 2023-03-23T00:00:00 Part I.A B Yes Financial statement audit only Audits with a single deficiency Cash and Cash Equivalents 1 AS 2301 8 The firm did not perform any substantive procedures to test certain cash equivalents. (AS 2301.08) Triennially Inspected 1295 BDO LLP 2021 United Kingdom BDO International Limited 2023-01-04T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 Inventory held by the component was subject to cycle-counting procedures. The firm did not identify and test any controls that addressed whether inventory items were counted with sufficient frequency in accordance with the component's cycle-count program. (AS 2201.39) Triennially Inspected 1295 BDO LLP 2021 United Kingdom BDO International Limited 2023-01-04T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2510 11 The firm did not perform any substantive procedures or sufficiently test controls to determine that the cycle-count procedures the component used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Triennially Inspected 1050 KPMG Bedrijfsrevisoren BV / KPMG Réviseurs d'Entreprises SRL 2021 Belgium KPMG International Cooperative 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not perform sufficient procedures to evaluate whether the issuer recognized revenue in conformity with certain aspects of International Financial Reporting Standard 15 Revenue from Contracts with Customers because the firm did not consider certain inputs that would have affected the recognition of revenue for certain sales transactions selected for testing. (AS 2810.30) Triennially Inspected 1050 KPMG Bedrijfsrevisoren BV / KPMG Réviseurs d'Entreprises SRL 2021 Belgium KPMG International Cooperative 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any substantive procedures to test certain other sales transactions. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform substantive procedures to test revenue beyond comparing it to prior year revenue and comparing certain revenue to the issuer's information system. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the issuer's revenue recognition policies were in accordance with GAAP. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Receivables 3 AS 2301 8 The firm did not perform substantive procedures to test certain receivables beyond comparing the balance to the sub-ledger. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Receivables 4 AS 2301 8 The firm did not perform substantive procedures to test certain other receivables beyond obtaining and reading memoranda from the issuer and a legal letter which did not include any conclusions with respect to these receivables. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 5 AS 2301 8 The firm did not perform any substantive procedures to test certain liabilities. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 6 AS 2410 14 The firm did not evaluate whether the issuer properly identified its related parties and relationships and transactions with related parties. Further the firm did not evaluate whether the related party transactions were properly accounted for and disclosed in the financial statements. (AS 2410.14 and .17) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 6 AS 2410 17 The firm did not evaluate whether the issuer properly identified its related parties and relationships and transactions with related parties. Further the firm did not evaluate whether the related party transactions were properly accounted for and disclosed in the financial statements. (AS 2410.14 and .17) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2410 17 The firm did not identify and appropriately address a GAAP departure related to the issuer's omission of a related party disclosure. (AS 2410.17) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2810 30 The firm did not identify and appropriately address a GAAP departure related to the issuer's omission of a related party disclosure. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2810 31 The firm did not identify and appropriately address a GAAP departure related to the issuer's omission of a related party disclosure. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 1 AS 2810 28 The firm identified journal entries and adjustments for testing. As part of its testing the firm documented that certain journal entry line items were not supported by proper documents and that certain of these journal entry line items did not have an appropriate business purpose. The firm did not evaluate whether the results of these procedures and other observations affected the assessment of fraud risks made throughout the audit and whether audit procedures should have been modified to respond to those risks. (AS 2810.28) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Gains on Discontinued Operations 2 AS 2301 8 The issuer reported gains from the sales of certain discontinued operations. The issuer reclassified certain amounts from equity to the gain on disposal. The firm did not perform substantive procedures beyond reviewing the issuer's accounting memorandum to test the reclassification of certain amounts from equity to the gain on disposal. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Gains on Discontinued Operations 3 AS 2301 8 The issuer reported gains from the sales of certain discontinued operations. The issuer reclassified certain amounts from equity to the gain on disposal. The firm did not perform sufficient procedures to test the assets liabilities and equity accounts included in the calculation of the gains on the sales because it limited its procedures to comparing the amounts to the respective general ledgers. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Gains on Discontinued Operations 4 AS 2810 30 The issuer reported gains from the sales of certain discontinued operations. The issuer reclassified certain amounts from equity to the gain on disposal. The firm did not identify and evaluate the significance to the financial statements of an error related to the issuer's use of an incorrect exchange rate at the date of certain of the sales to translate the assets liabilities and certain equity adjustments. (AS 2810.30) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Gains on Discontinued Operations 5 AS 2810 30 The issuer reported gains from the sales of certain discontinued operations. The issuer reclassified certain amounts from equity to the gain on disposal. The firm did not identify and evaluate the significance to the financial statements of errors in the disclosures of discontinued operations related to (1) an incorrect amount disclosed related to the gain on disposal for one sale and (2) the aggregation of the reclassification of certain equity adjustments for different discontinued operations within the gain on disposal for one sale. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Gains on Discontinued Operations 5 AS 2810 31 The issuer reported gains from the sales of certain discontinued operations. The issuer reclassified certain amounts from equity to the gain on disposal. The firm did not identify and evaluate the significance to the financial statements of errors in the disclosures of discontinued operations related to (1) an incorrect amount disclosed related to the gain on disposal for one sale and (2) the aggregation of the reclassification of certain equity adjustments for different discontinued operations within the gain on disposal for one sale. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the performance and review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1215.15) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1215 15 Prior to the report release date the firm did not complete all necessary audit procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm completed the performance and review of a significant number of auditing procedures after the report release date. (AS 1105.04; AS 1215.15) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets and goodwill at the acquisition date. The firm's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not perform sufficient substantive procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer because the firm limited its procedures to obtaining issuer-prepared documents. (AS 2501.16) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 10 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets and goodwill at the acquisition date. The firm's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not perform any substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of those documents. (AS 1105.10) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets and goodwill at the acquisition date. The firm's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not perform any substantive procedures to evaluate the reasonableness of other significant assumptions developed by the issuer. (AS 2501.16) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2301 8 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets and goodwill at the acquisition date. The firm's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not perform any substantive procedures to test the completeness existence and accuracy of the other assets acquired and liabilities assumed at the acquisition date. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2501 7 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets and goodwill at the acquisition date. The firm's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not perform any substantive procedures to test the fair value of the other assets acquired and liabilities assumed at the acquisition date. (AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 1 AS 2301 8 The firm did not perform substantive procedures to test whether the performance obligation had been satisfied when revenue was recognized beyond reviewing the issuer's internal invoices. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 2 AS 2301 8 The firm did not perform substantive procedures to evaluate the completeness of deferred revenue beyond obtaining the issuer's internal documentation of revenue recognized. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities 3 AS 1105 4 The issuer reported derivative liabilities at fair value. The firm's approach for substantively testing the fair value of the derivative liabilities was to test the issuer's process. The firm did not perform any substantive procedures to evaluate the relevance and/or reliability of certain data the issuer used to develop assumptions used in its determination of the fair value. (AS 1105.04 and .06) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities 3 AS 1105 6 The issuer reported derivative liabilities at fair value. The firm's approach for substantively testing the fair value of the derivative liabilities was to test the issuer's process. The firm did not perform any substantive procedures to evaluate the relevance and/or reliability of certain data the issuer used to develop assumptions used in its determination of the fair value. (AS 1105.04 and .06) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities 4 AS 2501 10 The issuer reported derivative liabilities at fair value. The firm's approach for substantively testing the fair value of the derivative liabilities was to test the issuer's process. The firm did not evaluate whether the method the issuer used to develop the fair value was in conformity with the applicable financial reporting framework including whether the data was appropriately used and significant assumptions appropriately applied and appropriate for the nature of the related account. (AS 2501.10) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Journal Entries 5 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Discontinued Operations 1 AS 2301 8 The issuer reported discontinued operations classified as held for sale at year end including intangible assets. The issuer recorded an adjustment to measure an intangible asset at fair value less cost to sell ('adjustment') and an impairment for certain other intangible assets during the year. The firm did not sufficiently evaluate whether the adjustment of the intangible asset subject to amortization was determined in conformity with FASB ASC Topic 360 Property Plant and Equipment because the firm did not evaluate that the issuer appeared to remeasure the valuation of this asset based on the fair value of the discontinued operations as opposed to a fair value estimate of this asset. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Discontinued Operations 2 AS 2301 8 The issuer reported discontinued operations classified as held for sale at year end including intangible assets. The issuer recorded an adjustment to measure an intangible asset at fair value less cost to sell ('adjustment') and an impairment for certain other intangible assets during the year. The firm did not sufficiently evaluate whether the impairment of certain intangible assets not subject to amortization was determined in conformity with FASB ASC Topic 350 Intangibles - Goodwill and Other because the firm did not evaluate that the issuer appeared to determine the impairment of these assets based on the fair value of the discontinued operations as opposed to a fair value estimate of these intangible assets. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Discontinued Operations 3 AS 2501 7 The issuer reported discontinued operations classified as held for sale at year end including intangible assets. The issuer recorded an adjustment to measure an intangible asset at fair value less cost to sell ('adjustment') and an impairment for certain other intangible assets during the year. The firm did not perform substantive procedures beyond reviewing an issuer-prepared memorandum and recalculating the amounts to test the adjustment and impairment. (AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2310 33 To test certain revenue the firm (1) confirmed certain revenue transactions and received two confirmations back with exceptions (2) selected revenue transactions above a threshold and a sample of transactions below that threshold for detail testing and (3) performed cut-off testing. The firm did not evaluate the nature of exceptions on the two returned confirmations. (AS 2310.33) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2315 16 To test certain revenue the firm (1) confirmed certain revenue transactions and received two confirmations back with exceptions (2) selected revenue transactions above a threshold and a sample of transactions below that threshold for detail testing and (3) performed cut-off testing. In determining its sample size for transactions below the threshold for detail testing the firm did not take into account the tolerable misstatement for the population and the allowable risk of incorrect acceptance. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2315 19 To test certain revenue the firm (1) confirmed certain revenue transactions and received two confirmations back with exceptions (2) selected revenue transactions above a threshold and a sample of transactions below that threshold for detail testing and (3) performed cut-off testing. In determining its sample size for transactions below the threshold for detail testing the firm did not take into account the tolerable misstatement for the population and the allowable risk of incorrect acceptance. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2315 23 To test certain revenue the firm (1) confirmed certain revenue transactions and received two confirmations back with exceptions (2) selected revenue transactions above a threshold and a sample of transactions below that threshold for detail testing and (3) performed cut-off testing. In determining its sample size for transactions below the threshold for detail testing the firm did not take into account the tolerable misstatement for the population and the allowable risk of incorrect acceptance. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2315 23A To test certain revenue the firm (1) confirmed certain revenue transactions and received two confirmations back with exceptions (2) selected revenue transactions above a threshold and a sample of transactions below that threshold for detail testing and (3) performed cut-off testing. In determining its sample size for transactions below the threshold for detail testing the firm did not take into account the tolerable misstatement for the population and the allowable risk of incorrect acceptance. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 6 AS 1105 10 To test certain revenue the firm (1) confirmed certain revenue transactions and received two confirmations back with exceptions (2) selected revenue transactions above a threshold and a sample of transactions below that threshold for detail testing and (3) performed cut-off testing. The firm did not sufficiently perform substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of issuer-prepared information the firm used in its substantive procedures because the firm limited its procedures comparing the issuer-prepared information to other issuer-provided information. (AS 1105.10) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 2301 8 The firm did not perform any substantive procedures to test the existence of accounts receivable. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 8 AS 2501 7 The firm did not perform any substantive procedures to test the valuation of accounts receivable. (AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 For the majority of certain revenue the issuer concluded that there was a single performance obligation. The firm did not perform sufficient procedures to evaluate whether certain services offered as part of those transactions represented separate performance obligations because the firm concluded they were not separate performance obligations since the issuer had not performed the services during the year and did not evaluate whether the issuer would perform the services as part of completing the transactions. (AS 2301.08; AS 2810.03) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 3 For the majority of certain revenue the issuer concluded that there was a single performance obligation. The firm did not perform sufficient procedures to evaluate whether certain services offered as part of those transactions represented separate performance obligations because the firm concluded they were not separate performance obligations since the issuer had not performed the services during the year and did not evaluate whether the issuer would perform the services as part of completing the transactions. (AS 2301.08; AS 2810.03) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 For the majority of certain revenue the issuer concluded that there was a single performance obligation. The firm did not sufficiently test the transaction price because it did not evaluate whether the promised consideration included a variable amount. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 8 For the majority of certain revenue the issuer concluded that there was a single performance obligation. The issuer identified one transaction with multiple performance obligations. The firm did not perform procedures to evaluate the allocation of the transaction price to the performance obligations. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2301 8 For certain other revenue the firm did not obtain an understanding of the specific terms and provisions of the contracts to evaluate whether the issuer appropriately recognized revenue. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A8c During the prior year the issuer acquired a controlling interest in a business and during the current year engaged a specialist to estimate the final fair value of the non-controlling interest. The firm did not evaluate whether the model the company's specialist used to determine the fair value was appropriate under the circumstances. (AS 1105.A8c) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 1105 A8b During the prior year the issuer acquired a controlling interest in a business and during the current year engaged a specialist to estimate the final fair value of the non-controlling interest. The firm did not evaluate the reasonableness of certain significant assumptions the company's specialist developed and used. (AS 1105.A8b) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 7 AS 2301 8 The issuer reported goodwill for several reporting units and recorded an impairment of goodwill for one of the reporting units during the year. The firm did not perform any substantive procedures to evaluate whether the issuer identified the reporting units in conformity with FASB ASC Topic 350. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 8 AS 2501 16 The issuer identified impairment indicators for an intangible asset and engaged a specialist to estimate the fair value of the asset. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process. The firm did not perform substantive procedures beyond inquiry to evaluate the reasonableness of certain significant assumptions the issuer developed that the company's specialist used. (AS 2501.16) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 9 AS 2501 16 The issuer identified impairment indicators for an intangible asset and engaged a specialist to estimate the fair value of the asset. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of another significant assumption developed by the issuer because it limited its procedures to inquiry and vouching an aspect of the assumption to support. (AS 2501.16) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 2301 8 The issuer reported right-of-use assets and lease liabilities. The issuer performed a recoverability test to determine whether these assets were impaired that included cash flows for years beyond the terms of the leases. The firm's approach for substantively testing the recoverability test was to test the issuer's process. The firm did not sufficiently evaluate whether any of the issuer's leases met the criteria for classification as finance leases in conformity with FASB ASC Topic 842 Leases because the firm did not perform procedures to determine whether (1) the lease term is for the major part of the remaining economic life of the underlying asset and (2) the present value of the of the lease payments exceeds substantially all of the fair value of the underlying asset. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Leases 2 AS 2501 16 The issuer reported right-of-use assets and lease liabilities. The issuer performed a recoverability test to determine whether these assets were impaired that included cash flows for years beyond the terms of the leases. The firm's approach for substantively testing the recoverability test was to test the issuer's process. The firm did not perform any substantive procedures to evaluate the reasonableness of the discount rate the issuer used to develop the estimate of lease liabilities. (AS 2501.16) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Leases 3 AS 2301 8 The issuer reported right-of-use assets and lease liabilities. The issuer performed a recoverability test to determine whether these assets were impaired that included cash flows for years beyond the terms of the leases. The firm's approach for substantively testing the recoverability test was to test the issuer's process. The firm did not perform any substantive procedures to determine whether the issuer developed the discount rate in conformity with FASB ASC Topic 842. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Leases 4 AS 2501 16 The issuer reported right-of-use assets and lease liabilities. The issuer performed a recoverability test to determine whether these assets were impaired that included cash flows for years beyond the terms of the leases. The firm's approach for substantively testing the recoverability test was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of cash flow projections used in the issuer's recoverability test because it did not take into account the issuer's ability to carry out the cash flow projections including its ability to generate cash flows for the years after the end of the terms of the leases. (AS 2501.16 and .17) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Leases 4 AS 2501 17 The issuer reported right-of-use assets and lease liabilities. The issuer performed a recoverability test to determine whether these assets were impaired that included cash flows for years beyond the terms of the leases. The firm's approach for substantively testing the recoverability test was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of cash flow projections used in the issuer's recoverability test because it did not take into account the issuer's ability to carry out the cash flow projections including its ability to generate cash flows for the years after the end of the terms of the leases. (AS 2501.16 and .17) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Leases 5 AS 1105 10 The issuer reported right-of-use assets and lease liabilities. The issuer performed a recoverability test to determine whether these assets were impaired that included cash flows for years beyond the terms of the leases. The firm's approach for substantively testing the recoverability test was to test the issuer's process. The firm did not perform sufficient procedures to test whether the issuer had identified all of the lease arrangements because it did not perform any procedures to test the completeness of the issuer's list of leases. (AS 1105.10) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2301 8 The issuer reported revenue from different types of services. The firm did not perform any substantive procedures to evaluate whether each type of service represented a separate performance obligation. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 8 The firm did not perform substantive procedures to test revenue in excess of billings beyond comparing the balance to the subsidiary ledger. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Goodwill 3 AS 1105 4 The issuer reported goodwill for several reporting units and performed a quantitative assessment of the impairment of goodwill for each reporting unit. The firm's approach for substantively testing the quantitative assessments was to test the issuer's process. The firm did not evaluate the reliability of data from external sources the issuer used to determine certain assumptions. (AS 1105.04 and .06) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Goodwill 3 AS 1105 6 The issuer reported goodwill for several reporting units and performed a quantitative assessment of the impairment of goodwill for each reporting unit. The firm's approach for substantively testing the quantitative assessments was to test the issuer's process. The firm did not evaluate the reliability of data from external sources the issuer used to determine certain assumptions. (AS 1105.04 and .06) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 2501 16 The issuer reported goodwill for several reporting units and performed a quantitative assessment of the impairment of goodwill for each reporting unit. The firm did not perform any substantive procedures to evaluate the reasonableness of certain assumptions developed by the issuer. (AS 2501.16) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 1 AS 2301 8 To test certain revenue the firm selected a sample of transactions. The firm did not perform substantive procedures to test whether the issuer satisfied its performance obligations for these transactions when revenue was recognized. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 2 AS 2301 8 To test certain revenue the firm selected a sample of transactions. The firm did not perform substantive procedures to test whether the issuer satisfied its performance obligations related to certain other revenue. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 3 AS 2301 8 The firm did not perform any substantive procedures to test a third type of revenue and the related deferred revenue. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 1105 A1 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 1105 A10 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 1105 A2 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 1105 A3 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 1105 A4 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 1105 A5 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 1105 A6 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 1105 A7 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 1105 A8 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 1105 A9 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 2501 7 The issuer engaged a specialist to perform a quantitative assessment of its goodwill. The firm did not perform substantive procedures to test the quantitative assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2301 8 The issuer performed an impairment analysis using one asset group of its long-lived assets. The firm did not evaluate whether the issuer appropriately determined that the one asset group represented the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets in conformity with FASB ASC Topic 360 because it did not consider that the issuer appeared to aggregate the undiscounted cash flows from different groups of assets in the analysis. (AS 2301.08; AS 2810.03) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2810 3 The issuer performed an impairment analysis using one asset group of its long-lived assets. The firm did not evaluate whether the issuer appropriately determined that the one asset group represented the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets in conformity with FASB ASC Topic 360 because it did not consider that the issuer appeared to aggregate the undiscounted cash flows from different groups of assets in the analysis. (AS 2301.08; AS 2810.03) Triennially Inspected 5041 B F Borgers CPA PC 2021 United States 2022-12-22T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2501 7 The issuer performed an impairment analysis using one asset group of its long-lived assets. The firm did not perform substantive procedures beyond reviewing the issuer's impairment analysis to test the valuation of the long-lived assets. (AS 2501.07) Triennially Inspected 5910 Yu Certified Public Accountant, P.C. 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2810 30 The firm did not perform any procedures to evaluate whether the issuer's disclosure of the credit quality of certain accounts receivable was in conformity with FASB ASC Topic 326 Financial Instruments — Credit Losses. (AS 2810.30 and .31) Triennially Inspected 5910 Yu Certified Public Accountant, P.C. 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2810 31 The firm did not perform any procedures to evaluate whether the issuer's disclosure of the credit quality of certain accounts receivable was in conformity with FASB ASC Topic 326 Financial Instruments — Credit Losses. (AS 2810.30 and .31) Triennially Inspected 5910 Yu Certified Public Accountant, P.C. 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2810 30 The firm did not perform procedures to evaluate whether the issuer's classification of certain accounts receivable as current assets was in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) Triennially Inspected 5910 Yu Certified Public Accountant, P.C. 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2810 31 The firm did not perform procedures to evaluate whether the issuer's classification of certain accounts receivable as current assets was in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) Triennially Inspected 5910 Yu Certified Public Accountant, P.C. 2021 United States 2022-12-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 3 AS 1105 A8c The issuer engaged a specialist to determine a current estimate of expected credit losses. The company's specialist determined expected credit losses by evaluating certain receivables on a collective (pool) basis. The firm did not perform sufficient procedures to evaluate whether this method was consistent with the requirements of FASB ASC Topic 326 because the firm did not consider certain specific risk characteristics of a receivable included in the pool including its size vintage and external credit rating. (AS 1105.A8c) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposits 1 AS 2201 68 The firm identified a deficiency in the design and operating effectiveness of a control over deposits that consisted of the reconciliation of in-process suspense and non-post deposit account balances from the deposit subsidiary ledger to the general ledger. The firm identified and tested controls that it believed would mitigate the deficiency. The firm did not identify that (1) the compensating controls tested did not address the in-process suspense and non-post reconciling items subject to the control and (2) one of the compensating controls was dependent on the effectiveness of the deficient control. (AS 2201.68) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposits 2 AS 2310 20 The firm used negative confirmations to substantively test the existence of deposits. This procedure did not provide sufficient appropriate audit evidence because it was based on a combined assessed level of inherent and control risk of low that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2310.20) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries 3 AS 2401 61 The firm identified a fraud risk related to the potential for management override of controls and determined that certain individuals could both initiate and record journal entries without any secondary review or approval. To address this fraud risk the firm identified journal entries that met certain criteria and haphazardly selected certain of those journal entries for testing without having a basis for its selection. For certain other journal entries that met these criteria the firm did not examine the underlying support for these entries and instead limited its procedures to inquiring of management and/or evaluating the journal entry descriptions. (AS 2401.61) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries 4 AS 2201 39 The firm identified a fraud risk related to the potential for management override of controls and determined that certain individuals could both initiate and record journal entries without any secondary review or approval. To address this fraud risk the firm identified journal entries that met certain criteria and haphazardly selected certain of those journal entries for testing without having a basis for its selection. The firm did not identify or test any controls over the recording of journal entries that would address the fraud risk identified. (AS 2201.39) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Control Deficiencies 5 AS 2201 62 The issuer's internal audit group identified certain deficiencies in the issuer's controls related to mortgage loans that it had selected for testing. The firm did not evaluate the severity of each control deficiency identified by internal audit to determine whether the deficiency individually or in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2501 16 The firm's approach for substantively testing revenue and related accounts was to review and test management's process. The following deficiencies were identified: - The firm did not perform sufficient procedures to evaluate the reasonableness of the assumptions used by the issuer to estimate revenue and related accounts because its procedures were limited to reading the memorandum prepared by the issuer and comparing certain assumptions to those used by the issuer in the previous year. (AS 2501.16) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 1105 10 The firm's approach for substantively testing revenue and related accounts was to review and test management's process. The following deficiencies were identified: - The firm did not perform any procedures to test or in the alternative test any controls over the accuracy and completeness of certain disaggregated information generated from the issuer's system and used to estimate revenue and related accounts. (AS 1105.10) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 16 The issuer's ALL included a general reserve which consisted primarily of a qualitative component. The firm's approach for substantively testing the ALL was to review and test management's process. The following deficiencies were identified: - The firm did not perform sufficient procedures to evaluate the reasonableness of certain assumptions used by the issuer to develop the qualitative component of the general reserve ('qualitative reserve') because the firm did not evaluate whether the issuer had a reasonable basis for the assumptions. (AS 2501.16) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 1105 10 The issuer's ALL included a general reserve which consisted primarily of a qualitative component. The firm's approach for substantively testing the ALL was to review and test management's process. The following deficiencies were identified: - The firm did not perform any procedures to test or in the alternative test any controls over the accuracy and completeness of certain historical loss information generated from the issuer's system and used to develop a portion of the qualitative reserve. (AS 1105.10) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A D No ICFR audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2201 42 The issuer's ALL included a general reserve which consisted of quantitative and qualitative components. The firm selected for testing a control that consisted of the issuer's review of the underlying data and primary calculations supporting an ALL analysis designed to assess the appropriateness of the quantitative and qualitative adjustments. The firm did not evaluate the specific review procedures that the control owner performed to (1) assess the appropriateness of the adjustments and (2) verify the accuracy and completeness of the data used in determining certain of the adjustments. (AS 2201.42 and .44) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A D No ICFR audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2201 44 The issuer's ALL included a general reserve which consisted of quantitative and qualitative components. The firm selected for testing a control that consisted of the issuer's review of the underlying data and primary calculations supporting an ALL analysis designed to assess the appropriateness of the quantitative and qualitative adjustments. The firm did not evaluate the specific review procedures that the control owner performed to (1) assess the appropriateness of the adjustments and (2) verify the accuracy and completeness of the data used in determining certain of the adjustments. (AS 2201.42 and .44) Triennially Inspected 686 FORVIS, LLP 2021 United States 2022-12-08T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Participant Distributions 1 AS 2601 14 The issuer used a service organization to process and record participant distributions. The firm's approach to substantively test participant distributions included reliance on controls including controls over the accuracy and completeness of certain information obtained from the service organization related to participant distributions. The firm did not perform any procedures to identify and test the operating effectiveness of complimentary user controls in place at the issuer related to participant distributions. (AS 2601.14) Triennially Inspected 1438 Ernst & Young LLP 2021 United Kingdom Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 The firm did not identify and test any controls over the occurrence of revenue. (AS 2201.39) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The firm selected for testing certain change management controls that consisted of (1) testing of changes in a test environment and (2) approval of these changes prior to their implementation into the production environment. The firm did not evaluate the procedures that the control owners performed to evaluate the appropriateness of certain types of changes made to the IT system or otherwise identify and test other controls to address the change management risks. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The firm selected for testing certain change management controls that consisted of (1) testing of changes in a test environment and (2) approval of these changes prior to their implementation into the production environment. The firm did not evaluate the procedures that the control owners performed to evaluate the appropriateness of certain types of changes made to the IT system or otherwise identify and test other controls to address the change management risks. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The firm selected for testing certain change management controls that consisted of (1) testing of changes in a test environment and (2) approval of these changes prior to their implementation into the production environment. The firm did not evaluate the procedures that the control owners performed to evaluate the appropriateness of certain types of changes made to the IT system or otherwise identify and test other controls to address the change management risks. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The firm selected for testing certain change management controls that consisted of (1) testing of changes in a test environment and (2) approval of these changes prior to their implementation into the production environment. The firm did not evaluate the procedures that the control owners performed to evaluate the appropriateness of certain types of changes made to the IT system or otherwise identify and test other controls to address the change management risks. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The firm selected for testing certain change management controls that consisted of (1) testing of changes in a test environment and (2) approval of these changes prior to their implementation into the production environment. The firm did not evaluate the procedures that the control owners performed to evaluate the appropriateness of certain types of changes made to the IT system or otherwise identify and test other controls to address the change management risks. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The firm selected for testing certain change management controls that consisted of (1) testing of changes in a test environment and (2) approval of these changes prior to their implementation into the production environment. The firm did not evaluate the procedures that the control owners performed to evaluate the appropriateness of certain types of changes made to the IT system or otherwise identify and test other controls to address the change management risks. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The issuer's IT personnel processed certain changes directly into the production environment of the IT system. The firm did not identify and test any controls over these direct changes. (AS 2201.39) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The issuer's IT personnel processed certain changes directly into the production environment of the IT system. The firm did not identify and test any controls over these direct changes. (AS 2201.39) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The issuer's IT personnel processed certain changes directly into the production environment of the IT system. The firm did not identify and test any controls over these direct changes. (AS 2201.39) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The firm's testing of certain automated controls over customer orders was not sufficient because the firm did not test changes made into the production environment of the IT system for those controls after the date of testing. (AS 2201.44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The firm's testing of certain automated controls over customer orders was not sufficient because the firm did not test changes made into the production environment of the IT system for those controls after the date of testing. (AS 2201.44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue accounts receivable and inventory. In its testing over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by the IT system. With respect to change management: - The firm's testing of certain automated controls over customer orders was not sufficient because the firm did not test changes made into the production environment of the IT system for those controls after the date of testing. (AS 2201.44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 39 For revenue and accounts receivable which were affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The issuer recognized certain revenue net of chargeback and rebate accruals. The chargeback and rebate accruals were based on inventory quantity and claims data transmitted from certain of the issuer's customers to its IT system through an electronic data interface (EDI). In its testing of controls over chargeback and rebate accruals the firm tested certain automated controls and IT-dependent manual controls that used this EDI data. The firm did not identify and test any controls over the accuracy and completeness of the inventory information received through EDI that was used in the operation of the controls. (AS 2201.39) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 For revenue and accounts receivable which were affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The issuer recognized certain revenue net of chargeback and rebate accruals. The chargeback and rebate accruals were based on inventory quantity and claims data transmitted from certain of the issuer's customers to its IT system through an electronic data interface (EDI). In its testing of controls over chargeback and rebate accruals the firm tested certain automated controls and IT-dependent manual controls that used this EDI data. The firm did not identify and test any controls over the accuracy and completeness of the inventory information received through EDI that was used in the operation of the controls. (AS 2201.39) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 For revenue and accounts receivable which were affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The issuer recognized certain revenue net of chargeback and rebate accruals. The chargeback and rebate accruals were based on inventory quantity and claims data transmitted from certain of the issuer's customers to its IT system through an electronic data interface (EDI). In its testing of controls over chargeback and rebate accruals the firm tested certain automated controls and IT-dependent manual controls that used this EDI data. The firm used a 'test of one' approach to test an automated control over the claims data but did not perform testing of ITGCs over the EDI to allow for the use of such an approach. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 42 For revenue and accounts receivable which were affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The issuer recognized certain revenue net of chargeback and rebate accruals. The chargeback and rebate accruals were based on inventory quantity and claims data transmitted from certain of the issuer's customers to its IT system through an electronic data interface (EDI). In its testing of controls over chargeback and rebate accruals the firm tested certain automated controls and IT-dependent manual controls that used this EDI data. The firm used a 'test of one' approach to test an automated control over the claims data but did not perform testing of ITGCs over the EDI to allow for the use of such an approach. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 For revenue and accounts receivable which were affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The issuer recognized certain revenue net of chargeback and rebate accruals. The chargeback and rebate accruals were based on inventory quantity and claims data transmitted from certain of the issuer's customers to its IT system through an electronic data interface (EDI). In its testing of controls over chargeback and rebate accruals the firm tested certain automated controls and IT-dependent manual controls that used this EDI data. The firm used a 'test of one' approach to test an automated control over the claims data but did not perform testing of ITGCs over the EDI to allow for the use of such an approach. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 44 For revenue and accounts receivable which were affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The issuer recognized certain revenue net of chargeback and rebate accruals. The chargeback and rebate accruals were based on inventory quantity and claims data transmitted from certain of the issuer's customers to its IT system through an electronic data interface (EDI). In its testing of controls over chargeback and rebate accruals the firm tested certain automated controls and IT-dependent manual controls that used this EDI data. The firm used a 'test of one' approach to test an automated control over the claims data but did not perform testing of ITGCs over the EDI to allow for the use of such an approach. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative identify and test any controls over the accuracy and completeness of data and reports obtained from the issuer's IT system that it used to test certain revenue. (AS 1105.10) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative identify and test any controls over the accuracy and completeness of data and reports obtained from the issuer's IT system that it used to test certain revenue. (AS 1105.10) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2301 16 The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 16 The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2301 18 The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 18 The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2301 37 The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 37 The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2315 19 The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 19 The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2315 23 The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 23 The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2315 23A The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 23A The sample sizes the firm used in its substantive procedures to test the existence of certain accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's IT control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2201 42 For inventory which was affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The firm selected for testing a control over inventory that consisted of the performance of physical inventory counts at certain locations by a third-party stock counter. The issuer designed the control to exclude a portion of inventory from those counts. In evaluating the design of the control the firm did not evaluate the effect of the issuer's exclusion of a portion of inventory from the physical counts on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2201 42 For inventory which was affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The firm selected for testing controls over certain inventory that consisted of the issuer's review of the monthly weighted average cost per unit as computed by the issuer's IT system through an automated control that was used to record the value of inventory. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the weighted average cost per unit. Further the firm did not test the configuration or programming of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2201 44 For inventory which was affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The firm selected for testing controls over certain inventory that consisted of the issuer's review of the monthly weighted average cost per unit as computed by the issuer's IT system through an automated control that was used to record the value of inventory. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the weighted average cost per unit. Further the firm did not test the configuration or programming of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 11 AS 2201 42 For inventory which was affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The firm selected for testing a control over the determination and recording of a slow-moving inventory provision for certain inventory which included an automated control that calculated the provision. The firm did not test the configuration or programming of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 11 AS 2201 44 For inventory which was affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The firm selected for testing a control over the determination and recording of a slow-moving inventory provision for certain inventory which included an automated control that calculated the provision. The firm did not test the configuration or programming of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 12 AS 2201 39 For inventory which was affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The firm selected for testing a control over the determination and recording of a slow-moving inventory provision for certain inventory which included an automated control that calculated the provision. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report that was used in the operation of this control. (AS 2201.39) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 13 AS 1105 10 For inventory which was affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The firm selected for testing a control over the determination and recording of a slow-moving inventory provision for certain inventory which included an automated control that calculated the provision. The firm did not perform any substantive procedures to test or in the alternative test controls over the accuracy of the system-generated report which it used to evaluate the reasonableness of the slow-moving inventory provision. (AS 1105.10) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 14 AS 2301 8 For inventory which was affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The firm did not perform any substantive procedures to test the cost of certain inventory including the allocation of direct labor and overhead costs beyond comparing the cost of the inventory at year end to cost of the inventory at the end of the prior year. (AS 2301.08) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 15 AS 1105 10 For inventory which was affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The firm did not perform any substantive procedures to test or with respect to change management to sufficiently test controls over the accuracy and completeness of information generated from the issuer's IT system that was used to substantively test the cost of certain inventory. (AS 1105.10) Triennially Inspected 1712 Ernst & Young Associates LLP 2021 India Ernst & Young Global Limited 2022-12-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 16 AS 2201 39 For inventory which was affected by the audit deficiencies related to change management the following additional deficiencies were identified: - The firm selected for testing a control over the determination and recording of an obsolescence provision for certain inventory that consisted of the issuer's review of a system-generated provision report and approval of related adjustments to inventory. The firm did not identify and test any controls over the (1) data input into the issuer's IT system and used to calculate the provision and (2) accuracy and completeness of the system-generated report that was used in the operation of the control. (AS 2201.39) Triennially Inspected 444 Assure CPA, LLC 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 With respect to Revenue other than the contract for one customer the firm did not perform substantive procedures to test the issuer's contracts with customers to evaluate revenue recognition. (AS 2301.08) Triennially Inspected 444 Assure CPA, LLC 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2501 16 The issuer evaluated the recovery of certain long-lived assets using an undiscounted cash flow model. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions. (AS 2501.16) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 1105 27 To substantively test the valuation of inventory the firm developed an independent expectation with respect to certain inventory. The following deficiencies were identified: - The firm did not perform any procedures to test the valuation of inventory that was not included in its independent expectation. (AS 1105.27; AS 2301.08) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2301 8 To substantively test the valuation of inventory the firm developed an independent expectation with respect to certain inventory. The following deficiencies were identified: - The firm did not perform any procedures to test the valuation of inventory that was not included in its independent expectation. (AS 1105.27; AS 2301.08) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 22 To substantively test the valuation of inventory the firm developed an independent expectation with respect to certain inventory. The following deficiencies were identified: - The firm did not perform any procedures to demonstrate it had a reasonable basis for certain assumptions it developed. (AS 2501.22) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 24 To substantively test the valuation of inventory the firm developed an independent expectation with respect to certain inventory. The following deficiencies were identified: - The firm did not perform procedures beyond inquiry to evaluate the reasonableness of certain assumptions it used that the issuer developed. (AS 2501.24) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 4 To substantively test the valuation of inventory the firm developed an independent expectation with respect to certain inventory. The following deficiencies were identified: - The firm did not perform any procedures to evaluate the relevance and reliability of certain assumptions it obtained from an external appraiser. (AS 1105.04 and .06; AS 2501.23) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 6 To substantively test the valuation of inventory the firm developed an independent expectation with respect to certain inventory. The following deficiencies were identified: - The firm did not perform any procedures to evaluate the relevance and reliability of certain assumptions it obtained from an external appraiser. (AS 1105.04 and .06; AS 2501.23) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2501 23 To substantively test the valuation of inventory the firm developed an independent expectation with respect to certain inventory. The following deficiencies were identified: - The firm did not perform any procedures to evaluate the relevance and reliability of certain assumptions it obtained from an external appraiser. (AS 1105.04 and .06; AS 2501.23) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2501 24 To substantively test the valuation of inventory the firm developed an independent expectation with respect to certain inventory. The following deficiencies were identified: - The firm did not perform any substantive procedures to test the completeness of certain data it used. (AS 2501.24) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Warrant Liability 1 AS 1105 4 The issuer reported a warrant liability. The firm's approach for substantively testing the fair value of this liability was to test the issuer's process. The firm did not evaluate the relevance of certain data the issuer used to develop a significant assumption. (AS 1105.04 and .06) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Warrant Liability 1 AS 1105 6 The issuer reported a warrant liability. The firm's approach for substantively testing the fair value of this liability was to test the issuer's process. The firm did not evaluate the relevance of certain data the issuer used to develop a significant assumption. (AS 1105.04 and .06) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Warrant Liability 2 AS 2501 16 The issuer reported a warrant liability. The firm's approach for substantively testing the fair value of this liability was to test the issuer's process. The firm did not evaluate whether this assumption was consistent with certain information including existing market information and historical and recent experience related to the issuer's stock taking into account changes in conditions and events affecting the issuer. (AS 2501.16) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 3 AS 1105 10 The issuer recorded (1) journal entries into the general ledger during the financial reporting period and (2) adjustments during the period end financial reporting process. The firm selected for testing journal entries and adjustments meeting certain fraud criteria. The following deficiencies were identified: - The firm did not perform any procedures to test the completeness of the population of adjustments. (AS 1105.10) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 1105 10 The issuer recorded (1) journal entries into the general ledger during the financial reporting period and (2) adjustments during the period end financial reporting process. The firm selected for testing journal entries and adjustments meeting certain fraud criteria. The following deficiencies were identified: - The firm did not perform sufficient procedures to test the completeness of the population of journal entries because it limited its procedures to observation of the issuer downloading the journal entries and rolling forward certain equity accounts. (AS 1105.10) Triennially Inspected 572 Weinberg & Company, P.A. 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 5 AS 2401 61 The issuer recorded (1) journal entries into the general ledger during the financial reporting period and (2) adjustments during the period end financial reporting process. The firm selected for testing journal entries and adjustments meeting certain fraud criteria. The following deficiencies were identified: - The firm did not perform sufficient procedures to test the selected journal entries and adjustments because it did not examine the underlying support for the entries. (AS 2401.61) Triennially Inspected 822 Michael T. Studer CPA P.C. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 1105 10 The firm selected a sample of transactions to test a significant account during certain months of the year. The following deficiencies were identified: - The firm did not test or in the alternative test any controls over the accuracy and completeness of certain issuer data and reports it used to test these transactions. (AS 1105.10) Triennially Inspected 822 Michael T. Studer CPA P.C. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 2315 16 The firm selected a sample of transactions to test a significant account during certain months of the year. The following deficiencies were identified: - The sample size the firm used in this procedure was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 822 Michael T. Studer CPA P.C. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 2315 19 The firm selected a sample of transactions to test a significant account during certain months of the year. The following deficiencies were identified: - The sample size the firm used in this procedure was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 822 Michael T. Studer CPA P.C. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 2315 23 The firm selected a sample of transactions to test a significant account during certain months of the year. The following deficiencies were identified: - The sample size the firm used in this procedure was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 822 Michael T. Studer CPA P.C. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 2315 23A The firm selected a sample of transactions to test a significant account during certain months of the year. The following deficiencies were identified: - The sample size the firm used in this procedure was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 822 Michael T. Studer CPA P.C. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 2301 8 The firm selected a sample of transactions to test a significant account during certain months of the year. The firm did not perform any substantive procedures to test whether the issuer appropriately recognized the transactions related to this significant account for the remaining months during the year. (AS 2301.08) Triennially Inspected 822 Michael T. Studer CPA P.C. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivable 4 AS 2410 12 The issuer concluded that a receivable from a related party was fully collectible at year end. The firm did not evaluate the financial capability of a related party with respect to the significant uncollected balance. (AS 2410.12) Triennially Inspected 822 Michael T. Studer CPA P.C. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivable 5 AS 2810 30 The issuer concluded that a receivable from a related party was fully collectible at year end. The firm did not perform substantive procedures to evaluate the appropriateness of the classification and presentation of this receivable. (AS 2810.30) Triennially Inspected 822 Michael T. Studer CPA P.C. 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 6 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 822 Michael T. Studer CPA P.C. 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Journal Entries 1 AS 2401 61 The firm identified journal entries and other adjustments for testing. The firm did not perform any procedures to test these journal entries and other adjustments. (AS 2401.61) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The issuer recognized certain revenue from transactions with related parties. The firm did not identify and appropriately address a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 850 Related Party Disclosures related to this revenue. (AS 2810.30 and .31) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 31 The issuer recognized certain revenue from transactions with related parties. The firm did not identify and appropriately address a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 850 Related Party Disclosures related to this revenue. (AS 2810.30 and .31) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2310 31 The firm sent a positive confirmation request to one of the issuer's customers for total revenue for the year and accounts receivable at year end. The customer did not respond to the aspect of the confirmation request related to revenue. The firm did not perform alternative procedures. (AS 2310.31) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 8 The firm did not perform any substantive procedures to test certain inputs used by the issuer to determine the cost of certain inventory. Further the firm did not perform sufficient substantive procedures to test the allocation of overhead costs to this inventory because it limited its procedures to comparing costs and production to the prior year without performing procedures to determine whether prior year costs and production would be representative of the current year. (AS 2301.08) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 10 For certain other inventory the firm did not perform any substantive procedures to test or in the alternative identify and test any controls over the accuracy and completeness of certain reports that it used in its inventory cost testing. (AS 1105.10) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 1105 A8b During the year the issuer identified indicators of possible impairment for certain long-lived assets and engaged a specialist to determine the fair values of these assets. The firm's approach for substantively testing the fair values of these assets was to test the issuer's process. The following deficiencies were identified: - For one asset group the firm did not evaluate whether the significant assumptions developed by the company's specialist were consistent with relevant information. (AS 1105.A8b) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 1105 A8b During the year the issuer identified indicators of possible impairment for certain long-lived assets and engaged a specialist to determine the fair values of these assets. The firm's approach for substantively testing the fair values of these assets was to test the issuer's process. The following deficiencies were identified: - For another asset group the firm did not perform any procedures to evaluate the reasonableness of the significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 1105 A8a During the year the issuer identified indicators of possible impairment for certain long-lived assets and engaged a specialist to determine the fair values of these assets. The firm's approach for substantively testing the fair values of these assets was to test the issuer's process. The following deficiencies were identified: - For both asset groups the firm did not test or in the alternative identify and test controls over the accuracy and completeness of certain issuer-produced data that the company's specialist used. (AS 1105.A8a) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash 4 AS 2810 3 The issuer reported certain cash at year end that included amounts held in banks located in another country that had restrictions on the convertibility and remittance of amounts outside this country. The firm received positive confirmations from financial institutions indicating that certain of these amounts consisted of term deposits with maturities beyond one year. The firm did not perform any procedures to evaluate whether the issuer properly classified these amounts as unrestricted cash and disclosed any restrictions in conformity with International Accounting Standard 7 Statement of Cash Flows. (AS 2810.03 .30 and .31) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash 4 AS 2810 30 The issuer reported certain cash at year end that included amounts held in banks located in another country that had restrictions on the convertibility and remittance of amounts outside this country. The firm received positive confirmations from financial institutions indicating that certain of these amounts consisted of term deposits with maturities beyond one year. The firm did not perform any procedures to evaluate whether the issuer properly classified these amounts as unrestricted cash and disclosed any restrictions in conformity with International Accounting Standard 7 Statement of Cash Flows. (AS 2810.03 .30 and .31) Triennially Inspected 995 Smythe LLP 2021 Canada 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash 4 AS 2810 31 The issuer reported certain cash at year end that included amounts held in banks located in another country that had restrictions on the convertibility and remittance of amounts outside this country. The firm received positive confirmations from financial institutions indicating that certain of these amounts consisted of term deposits with maturities beyond one year. The firm did not perform any procedures to evaluate whether the issuer properly classified these amounts as unrestricted cash and disclosed any restrictions in conformity with International Accounting Standard 7 Statement of Cash Flows. (AS 2810.03 .30 and .31) Triennially Inspected 1212 K. R. Margetson Ltd. 2021 Canada 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2810 30 The issuer entered into an agreement ('acquisition agreement') to acquire a license that granted it the rights to sell certain products and it recorded the license agreement ('license agreement') as an intangible asset. The acquisition and license agreements required the issuer to among other terms pay royalty fees on future net sales (with guaranteed minimum royalty fees) pay an external party for future advisory services and issue convertible preferred stock. The issuer recorded certain of the payments to the external party as part of accounting for the transaction. The firm did not evaluate whether the future royalty payments should have been recorded as part of accounting for the transaction in conformity with FASB ASC Topic 805 Business Combinations. In addition the firm did not evaluate whether it was appropriate to recognize certain of the payments to the external party as part of the accounting for the transaction and not recognize the remaining payments in conformity with FASB ASC Topic 805. (AS 2810.30) Triennially Inspected 1212 K. R. Margetson Ltd. 2021 Canada 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2501 10 The issuer entered into an agreement ('acquisition agreement') to acquire a license that granted it the rights to sell certain products and it recorded the license agreement ('license agreement') as an intangible asset. The acquisition and license agreements required the issuer to among other terms pay royalty fees on future net sales (with guaranteed minimum royalty fees) pay an external party for future advisory services and issue convertible preferred stock. The issuer recorded certain of the payments to the external party as part of accounting for the transaction. The firm's approach for substantively testing the valuation of the convertible preferred stock that was issued was to test the issuer's process. The firm did not evaluate whether the method used by the issuer to determine the value of the convertible preferred stock was appropriate. (AS 2501.10) Triennially Inspected 1212 K. R. Margetson Ltd. 2021 Canada 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 3 AS 2501 16 The issuer entered into an agreement ('acquisition agreement') to acquire a license that granted it the rights to sell certain products and it recorded the license agreement ('license agreement') as an intangible asset. The acquisition and license agreements required the issuer to among other terms pay royalty fees on future net sales (with guaranteed minimum royalty fees) pay an external party for future advisory services and issue convertible preferred stock. The issuer recorded certain of the payments to the external party as part of accounting for the transaction. The firm did not perform procedures to evaluate the reasonableness of a significant assumption the issuer used to determine the fair value of the convertible preferred stock. (AS 2501.16) Triennially Inspected 1284 MANCERA, S.C. 2021 Mexico Ernst & Young Global Limited 2022-12-01T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Inventory 1 AS 2301 8 The issuer's systems calculate inventory cost using various inputs. The firm did not perform any substantive procedures to test the inventory cost calculations. (AS 2301.08) Triennially Inspected 1317 Spielman Koenigsberg & Parker, LLP 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Participant Distributions 1 AS 2301 13 The firm identified a fraud risk related to participant distributions. The firm did not perform any substantive procedures to test participant distributions beyond comparing the total amount recorded by the issuer to an amount obtained from the issuer's benefit plan recordkeeper. (AS 2301.13) Triennially Inspected 3501 DBBMCKENNON 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2601 14 The issuer used a service organization to process and record revenue transactions. The firm's approach to substantively test revenue included reliance on controls including controls over the accuracy and completeness of transaction data that the issuer obtained from the service organization. The firm did not perform any procedures to test the operating effectiveness of complementary user controls in place at the issuer. (AS 2601.14) Triennially Inspected 3501 DBBMCKENNON 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2305 16 The firm's substantive procedures to test revenue included analytical procedures. The firm used the transaction data from the service organization to develop its expectations but did not perform any substantive procedures to test or in the alternative sufficiently test controls over (as discussed above) the accuracy and completeness of these data. (AS 2305.16) Triennially Inspected 3501 DBBMCKENNON 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 44 With respect to Revenue the firm designed certain of its substantive procedures as a dual-purpose test. The firm performed its substantive procedures using the sample size it determined for its control testing. This sample size was too small to provide sufficient appropriate audit evidence because the firm did not use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.44) Triennially Inspected 3501 DBBMCKENNON 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Liabilities 4 AS 2301 8 The issuer used data provided by service organizations to determine its estimate for one of its liabilities. The firm used certain of these data in its substantive procedures. The firm's approach to substantively test one component of this liability was to develop an independent expectation. The firm did not perform any procedures to test the accuracy and completeness of certain service organization data that it used to develop its independent expectation. (AS 2301.08) Triennially Inspected 3501 DBBMCKENNON 2021 United States 2022-12-01T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Liabilities 5 AS 2301 8 The issuer used data provided by service organizations to determine its estimate for one of its liabilities. The firm used certain of these data in its substantive procedures. The firm's approach to substantively test one component of this liability was to test the issuer's process. The firm did not perform any procedures to test the accuracy and completeness of certain service organization data that the issuer used to determine its estimate. (AS 2301.08) Triennially Inspected 3501 DBBMCKENNON 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform sufficient substantive procedures to test certain of the issuer's revenue because its procedures were limited to vouching a sample of sales transactions recorded by the issuer to the bill of sale for each transaction. (AS 2301.08) Triennially Inspected 3501 DBBMCKENNON 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The issuer recorded revenue based on completed delivery of products to its customers. The firm tested certain transactions prior to year end to determine whether the issuer recorded revenue in the appropriate period. The firm however did not perform any procedures to verify that delivery had occurred before revenue was recorded. (AS 2301.08) Triennially Inspected 3501 DBBMCKENNON 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 22 The firm's approach to substantively test the excess and obsolete inventory reserve was to develop an independent expectation. The firm did not perform any procedures to demonstrate that it had a reasonable basis for the assumptions used in its expectation. (AS 2501.22) Triennially Inspected 3501 DBBMCKENNON 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 10 The firm's approach to substantively test the excess and obsolete inventory reserve was to develop an independent expectation. The firm did not perform any procedures to test or in the alternative test any controls over the accuracy and completeness of a report generated from the issuer's inventory management system and used to develop its expectation. (AS 1105.10) Triennially Inspected 3501 DBBMCKENNON 2021 United States 2022-12-01T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2501 24 For certain excess inventory that the issuer determined did not require a reserve the firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of the issuer's forecasted usage of this inventory. (AS 2501.24) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For one IT system the firm selected for testing controls over managing changes to the production environment. The firm did not identify and test any controls over the accuracy and completeness of certain access logs used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For one IT system the firm selected for testing controls over managing changes to the production environment. The firm did not identify and test any controls over the accuracy and completeness of certain access logs used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For one IT system the firm selected for testing controls over managing changes to the production environment. The firm did not identify and test any controls over the accuracy and completeness of certain access logs used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For one IT system the firm selected for testing controls over managing changes to the production environment. The firm did not identify and test any controls over the accuracy and completeness of certain access logs used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For one IT system the firm selected for testing controls over managing changes to the production environment. The firm did not identify and test any controls that were designed to address the risk related to unapproved changes being made to this environment. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For one IT system the firm selected for testing controls over managing changes to the production environment. The firm did not identify and test any controls that were designed to address the risk related to unapproved changes being made to this environment. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For one IT system the firm selected for testing controls over managing changes to the production environment. The firm did not identify and test any controls that were designed to address the risk related to unapproved changes being made to this environment. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For one IT system the firm selected for testing controls over managing changes to the production environment. The firm did not identify and test any controls that were designed to address the risk related to unapproved changes being made to this environment. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For the other IT systems the firm selected for testing controls over change management but did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For the other IT systems the firm selected for testing controls over change management but did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For the other IT systems the firm selected for testing controls over change management but did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For the other IT systems the firm selected for testing controls over change management but did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · The firm did not identify and test any controls designed to address the risk related to unauthorized users having administrative access to certain tools the issuer used to manage changes to the production environments. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · The firm did not identify and test any controls designed to address the risk related to unauthorized users having administrative access to certain tools the issuer used to manage changes to the production environments. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · The firm did not identify and test any controls designed to address the risk related to unauthorized users having administrative access to certain tools the issuer used to manage changes to the production environments. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · The firm did not identify and test any controls designed to address the risk related to unauthorized users having administrative access to certain tools the issuer used to manage changes to the production environments. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to user access: · The firm selected for testing certain controls over user access for the issuer's IT systems. The firm did not identify and test any controls over the accuracy and completeness of the information the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to user access: · The firm selected for testing certain controls over user access for the issuer's IT systems. The firm did not identify and test any controls over the accuracy and completeness of the information the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to user access: · The firm selected for testing certain controls over user access for the issuer's IT systems. The firm did not identify and test any controls over the accuracy and completeness of the information the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to user access: · The firm selected for testing certain controls over user access for the issuer's IT systems. The firm did not identify and test any controls over the accuracy and completeness of the information the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to user access: · The firm selected for testing a control over privileged access in which certain control owners reviewed their own access. The firm did not evaluate whether this resulted in a lack of segregation of duties. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to user access: · The firm selected for testing a control over privileged access in which certain control owners reviewed their own access. The firm did not evaluate whether this resulted in a lack of segregation of duties. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to user access: · The firm selected for testing a control over privileged access in which certain control owners reviewed their own access. The firm did not evaluate whether this resulted in a lack of segregation of duties. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to two types of revenue and the related accounts receivable deferred revenue related to one of these types of revenue and/or investment securities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to user access: · The firm selected for testing a control over privileged access in which certain control owners reviewed their own access. The firm did not evaluate whether this resulted in a lack of segregation of duties. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain automated controls was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. Further the firm's testing of certain automated controls was not sufficient because its testing of certain aspects of the controls was limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 8 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain automated controls was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. Further the firm's testing of certain automated controls was not sufficient because its testing of certain aspects of the controls was limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain automated controls was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. Further the firm's testing of certain automated controls was not sufficient because its testing of certain aspects of the controls was limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain automated controls was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. Further the firm's testing of certain automated controls was not sufficient because its testing of certain aspects of the controls was limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 8 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain automated controls was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. Further the firm's testing of certain automated controls was not sufficient because its testing of certain aspects of the controls was limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain automated controls was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. Further the firm's testing of certain automated controls was not sufficient because its testing of certain aspects of the controls was limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 1105 10 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · For two automated controls the firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the lists from which it selected items for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 9 AS 1105 10 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · For two automated controls the firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the lists from which it selected items for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 1105 10 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · For two automated controls the firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the lists from which it selected items for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 10 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over customer set up modification and credit approval. The firm did not test the aspects of these controls related to the timing of approvals and the established credit limits. Further the firm's testing of the aspects of the controls related to possible override was not sufficient because the firm's procedures were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 10 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over customer set up modification and credit approval. The firm did not test the aspects of these controls related to the timing of approvals and the established credit limits. Further the firm's testing of the aspects of the controls related to possible override was not sufficient because the firm's procedures were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over customer set up modification and credit approval. The firm did not test the aspects of these controls related to the timing of approvals and the established credit limits. Further the firm's testing of the aspects of the controls related to possible override was not sufficient because the firm's procedures were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 10 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over customer set up modification and credit approval. The firm did not test the aspects of these controls related to the timing of approvals and the established credit limits. Further the firm's testing of the aspects of the controls related to possible override was not sufficient because the firm's procedures were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 10 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over customer set up modification and credit approval. The firm did not test the aspects of these controls related to the timing of approvals and the established credit limits. Further the firm's testing of the aspects of the controls related to possible override was not sufficient because the firm's procedures were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over customer set up modification and credit approval. The firm did not test the aspects of these controls related to the timing of approvals and the established credit limits. Further the firm's testing of the aspects of the controls related to possible override was not sufficient because the firm's procedures were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 11 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over contract approval and product delivery. The firm's testing of these controls was not sufficient because the firm's procedures did not address certain types of contract scenarios and delivery types. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 11 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over contract approval and product delivery. The firm's testing of these controls was not sufficient because the firm's procedures did not address certain types of contract scenarios and delivery types. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over contract approval and product delivery. The firm's testing of these controls was not sufficient because the firm's procedures did not address certain types of contract scenarios and delivery types. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 11 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over contract approval and product delivery. The firm's testing of these controls was not sufficient because the firm's procedures did not address certain types of contract scenarios and delivery types. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 11 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over contract approval and product delivery. The firm's testing of these controls was not sufficient because the firm's procedures did not address certain types of contract scenarios and delivery types. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing automated controls over contract approval and product delivery. The firm's testing of these controls was not sufficient because the firm's procedures did not address certain types of contract scenarios and delivery types. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 12 AS 2201 39 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing certain IT-dependent manual controls but did not identify and test any controls over the accuracy and completeness of certain data or reports that the control owners used in the operations of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 12 AS 2201 39 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing certain IT-dependent manual controls but did not identify and test any controls over the accuracy and completeness of certain data or reports that the control owners used in the operations of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2201 39 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm selected for testing certain IT-dependent manual controls but did not identify and test any controls over the accuracy and completeness of certain data or reports that the control owners used in the operations of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 13 AS 1105 10 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · For one control the firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the lists from which it selected items for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 13 AS 1105 10 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · For one control the firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the lists from which it selected items for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 13 AS 1105 10 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · For one control the firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the lists from which it selected items for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 14 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain other IT-dependent manual controls was not sufficient because it did not sufficiently test the queries or programming the issuer used to generate certain data or reports that the control owners used in the operations of these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 14 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain other IT-dependent manual controls was not sufficient because it did not sufficiently test the queries or programming the issuer used to generate certain data or reports that the control owners used in the operations of these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2201 42 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain other IT-dependent manual controls was not sufficient because it did not sufficiently test the queries or programming the issuer used to generate certain data or reports that the control owners used in the operations of these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 14 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain other IT-dependent manual controls was not sufficient because it did not sufficiently test the queries or programming the issuer used to generate certain data or reports that the control owners used in the operations of these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 14 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain other IT-dependent manual controls was not sufficient because it did not sufficiently test the queries or programming the issuer used to generate certain data or reports that the control owners used in the operations of these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · The firm's testing of certain other IT-dependent manual controls was not sufficient because it did not sufficiently test the queries or programming the issuer used to generate certain data or reports that the control owners used in the operations of these controls. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 15 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · For certain other IT-dependent manual controls the firm tested the accuracy and completeness of certain reports used in the operation of these controls in the issuer's IT testing environment rather than in the production environment. The firm's testing was not sufficient because the firm did not perform procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 15 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · For certain other IT-dependent manual controls the firm tested the accuracy and completeness of certain reports used in the operation of these controls in the issuer's IT testing environment rather than in the production environment. The firm's testing was not sufficient because the firm did not perform procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 15 AS 2201 44 For one type of revenue and the related deferred revenue which were affected by the audit deficiencies the following deficiencies related to the firm's testing of controls were identified: · For certain other IT-dependent manual controls the firm tested the accuracy and completeness of certain reports used in the operation of these controls in the issuer's IT testing environment rather than in the production environment. The firm's testing was not sufficient because the firm did not perform procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 16 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 16 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 16 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 16 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 16 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 16 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2305 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 16 AS 2305 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 16 AS 2305 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2305 20 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 16 AS 2305 20 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 16 AS 2305 20 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm's substantive procedures to test these accounts included analytical procedures. The firm used data from the issuer's systems to develop its expectations but did not test or sufficiently test controls over the accuracy and completeness of these data. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of controls. As a result the analytical procedures did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and 20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 17 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm performed substantive procedures to test certain arrangements with multiple performance obligations. The firm's testing of the reasonableness of the relative stand-alone selling prices the issuer used to allocate this revenue to the performance obligations was not sufficient because the firm did not test or sufficiently test controls over the accuracy and completeness of the data it used in its testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 17 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm performed substantive procedures to test certain arrangements with multiple performance obligations. The firm's testing of the reasonableness of the relative stand-alone selling prices the issuer used to allocate this revenue to the performance obligations was not sufficient because the firm did not test or sufficiently test controls over the accuracy and completeness of the data it used in its testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 17 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures for two types of revenue and the related accounts receivable and for deferred revenue related to one of these types of revenue as follows: · The firm performed substantive procedures to test certain arrangements with multiple performance obligations. The firm's testing of the reasonableness of the relative stand-alone selling prices the issuer used to allocate this revenue to the performance obligations was not sufficient because the firm did not test or sufficiently test controls over the accuracy and completeness of the data it used in its testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 18 AS 2305 16 For one of these two types of revenue the firm developed its expectation for one of its analytical procedures using data derived from the recorded amounts of revenue. The firm did not evaluate whether this data was sufficiently reliable for purposes of achieving its audit objectives. (AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 18 AS 2305 16 For one of these two types of revenue the firm developed its expectation for one of its analytical procedures using data derived from the recorded amounts of revenue. The firm did not evaluate whether this data was sufficiently reliable for purposes of achieving its audit objectives. (AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 18 AS 2305 16 For one of these two types of revenue the firm developed its expectation for one of its analytical procedures using data derived from the recorded amounts of revenue. The firm did not evaluate whether this data was sufficiently reliable for purposes of achieving its audit objectives. (AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 19 AS 2201 39 The issuer managed a portion of its investment securities portfolio and used external parties to manage the remaining portion. The issuer used one service organization to perform recordkeeping and processing of all investment transactions and a second service organization to maintain custody of the overall portfolio. With respect to the custodial service organization the firm obtained a service auditor's report and identified certain complementary user controls that the service auditor's report described as necessary. The firm did not perform any procedures to evaluate whether the issuer had implemented these controls. (AS 2201.39 and .B22) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 19 AS 2201 B22 The issuer managed a portion of its investment securities portfolio and used external parties to manage the remaining portion. The issuer used one service organization to perform recordkeeping and processing of all investment transactions and a second service organization to maintain custody of the overall portfolio. With respect to the custodial service organization the firm obtained a service auditor's report and identified certain complementary user controls that the service auditor's report described as necessary. The firm did not perform any procedures to evaluate whether the issuer had implemented these controls. (AS 2201.39 and .B22) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 20 AS 2201 39 The issuer managed a portion of its investment securities portfolio and used external parties to manage the remaining portion. The issuer used one service organization to perform recordkeeping and processing of all investment transactions and a second service organization to maintain custody of the overall portfolio. With respect to information received from the recordkeeping service provider the following deficiencies were identified: · The firm did not identify and test any controls over the relevance and reliability of the pricing information the issuer received from this service organization and used to record the fair values of the investment securities the issuer managed. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 21 AS 2201 42 The issuer managed a portion of its investment securities portfolio and used external parties to manage the remaining portion. The issuer used one service organization to perform recordkeeping and processing of all investment transactions and a second service organization to maintain custody of the overall portfolio. With respect to information received from the recordkeeping service provider the following deficiencies were identified: · The firm selected for testing a control over the relevance and reliability of the pricing information the issuer received from this service organization related to the portion of the portfolio managed by external parties. This control included the issuer's comparison of certain pricing information it received from the service organization to information it received from the external parties. The firm did not evaluate the specific review procedures the control owner performed to assess the relevance and reliability of the pricing information received from the external parties. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 21 AS 2201 44 The issuer managed a portion of its investment securities portfolio and used external parties to manage the remaining portion. The issuer used one service organization to perform recordkeeping and processing of all investment transactions and a second service organization to maintain custody of the overall portfolio. With respect to information received from the recordkeeping service provider the following deficiencies were identified: · The firm selected for testing a control over the relevance and reliability of the pricing information the issuer received from this service organization related to the portion of the portfolio managed by external parties. This control included the issuer's comparison of certain pricing information it received from the service organization to information it received from the external parties. The firm did not evaluate the specific review procedures the control owner performed to assess the relevance and reliability of the pricing information received from the external parties. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 22 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test the valuation of investment securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 22 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test the valuation of investment securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 22 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test the valuation of investment securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 22 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test the valuation of investment securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 22 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test the valuation of investment securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 22 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test the valuation of investment securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform any substantive procedures to test one type of revenue. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm's approach for substantively testing another type of revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of the cash receipts data underlying the analysis. The firm did not sufficiently test this underlying data because it did not evaluate whether it was appropriate to include in the analysis certain cash receipts not related to the revenue being tested. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 10 The firm identified that the issuer's accounting for and presentation and disclosure of certain long-lived assets was not in conformity with FASB ASC Topic 205 Presentation of Financial Statements and FASB ASC Topic 360 Property Plant and Equipment. The firm did not sufficiently accumulate and evaluate the effect of this accounting because it limited its evaluation to assessing the effect on certain financial statement line items and disclosures but did not evaluate certain other financial statement line items and disclosures that were also affected by the same accounting. (AS 2810.10 .17 .30 and .31) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 17 The firm identified that the issuer's accounting for and presentation and disclosure of certain long-lived assets was not in conformity with FASB ASC Topic 205 Presentation of Financial Statements and FASB ASC Topic 360 Property Plant and Equipment. The firm did not sufficiently accumulate and evaluate the effect of this accounting because it limited its evaluation to assessing the effect on certain financial statement line items and disclosures but did not evaluate certain other financial statement line items and disclosures that were also affected by the same accounting. (AS 2810.10 .17 .30 and .31) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 30 The firm identified that the issuer's accounting for and presentation and disclosure of certain long-lived assets was not in conformity with FASB ASC Topic 205 Presentation of Financial Statements and FASB ASC Topic 360 Property Plant and Equipment. The firm did not sufficiently accumulate and evaluate the effect of this accounting because it limited its evaluation to assessing the effect on certain financial statement line items and disclosures but did not evaluate certain other financial statement line items and disclosures that were also affected by the same accounting. (AS 2810.10 .17 .30 and .31) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 31 The firm identified that the issuer's accounting for and presentation and disclosure of certain long-lived assets was not in conformity with FASB ASC Topic 205 Presentation of Financial Statements and FASB ASC Topic 360 Property Plant and Equipment. The firm did not sufficiently accumulate and evaluate the effect of this accounting because it limited its evaluation to assessing the effect on certain financial statement line items and disclosures but did not evaluate certain other financial statement line items and disclosures that were also affected by the same accounting. (AS 2810.10 .17 .30 and .31) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 4 AS 1105 10 The firm selected for testing a control that consisted of the review of certain debt issuances and modifications. The firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the population of debt issuances and modifications that the firm used to make its selections to test this control. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 5 AS 2310 33 The firm sent positive confirmation requests to the issuer's lenders for a sample of debt. For certain confirmations that were returned with exceptions the firm did not evaluate the nature of those exceptions. (AS 2310.33) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 39 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain IT systems the firm did not identify and test any controls that addressed the risk related to whether users with the ability to develop changes also had the ability to implement these changes. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2201 39 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain IT systems the firm did not identify and test any controls that addressed the risk related to whether users with the ability to develop changes also had the ability to implement these changes. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 2 AS 2201 39 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain IT systems the firm did not identify and test any controls that addressed the risk related to whether users with the ability to develop changes also had the ability to implement these changes. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain IT systems the firm did not identify and test any controls that addressed the risk related to whether users with the ability to develop changes also had the ability to implement these changes. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 42 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain other IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with the ability to implement changes also had the ability to develop those changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2201 42 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain other IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with the ability to implement changes also had the ability to develop those changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 3 AS 2201 42 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain other IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with the ability to implement changes also had the ability to develop those changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain other IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with the ability to implement changes also had the ability to develop those changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain other IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with the ability to implement changes also had the ability to develop those changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain other IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with the ability to implement changes also had the ability to develop those changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 3 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain other IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with the ability to implement changes also had the ability to develop those changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For certain other IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with the ability to implement changes also had the ability to develop those changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For certain IT systems the firm selected for testing an automated control over change management. The firm did not sufficiently test the operating effectiveness of this control because the firm did not test whether the control operated as designed for each processing alternative. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For certain IT systems the firm selected for testing an automated control over change management. The firm did not sufficiently test the operating effectiveness of this control because the firm did not test whether the control operated as designed for each processing alternative. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 4 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For certain IT systems the firm selected for testing an automated control over change management. The firm did not sufficiently test the operating effectiveness of this control because the firm did not test whether the control operated as designed for each processing alternative. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For certain IT systems the firm selected for testing an automated control over change management. The firm did not sufficiently test the operating effectiveness of this control because the firm did not test whether the control operated as designed for each processing alternative. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For certain IT systems the firm did not test or in the alternative test any controls over the completeness of the system-generated reports that it used to make its selections for testing certain controls over change management. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For certain IT systems the firm did not test or in the alternative test any controls over the completeness of the system-generated reports that it used to make its selections for testing certain controls over change management. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 5 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For certain IT systems the firm did not test or in the alternative test any controls over the completeness of the system-generated reports that it used to make its selections for testing certain controls over change management. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue deferred revenue goodwill and/or intangible assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management: · For certain IT systems the firm did not test or in the alternative test any controls over the completeness of the system-generated reports that it used to make its selections for testing certain controls over change management. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 1105 10 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 1105 10 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 6 AS 1105 10 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 10 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 1105 A8a As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 1105 A8a As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 6 AS 1105 A8a As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 A8a As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2305 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 2305 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 6 AS 2305 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2305 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · For certain revenue deferred revenue goodwill and intangible assets the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2301 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The firm's substantive procedures to test certain revenue and deferred revenue included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The firm's substantive procedures to test certain revenue and deferred revenue included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2301 18 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The firm's substantive procedures to test certain revenue and deferred revenue included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 18 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The firm's substantive procedures to test certain revenue and deferred revenue included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2301 37 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The firm's substantive procedures to test certain revenue and deferred revenue included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 37 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The firm's substantive procedures to test certain revenue and deferred revenue included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2305 20 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The firm's substantive procedures to test certain revenue and deferred revenue included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2305 20 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The firm's substantive procedures to test certain revenue and deferred revenue included substantive analytical procedures. The firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 8 AS 2301 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample size the firm used in certain of its substantive procedures to test certain deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 8 AS 2301 18 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample size the firm used in certain of its substantive procedures to test certain deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 8 AS 2301 37 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample size the firm used in certain of its substantive procedures to test certain deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 8 AS 2315 19 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample size the firm used in certain of its substantive procedures to test certain deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 8 AS 2315 23 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample size the firm used in certain of its substantive procedures to test certain deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 8 AS 2315 23A As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient other audit procedures as follows: · The sample size the firm used in certain of its substantive procedures to test certain deferred revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Warrants 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the accounting for and disclosure of a reverse merger. The firm did not (1) evaluate the specific review procedures that the control owner performed to assess whether all relevant terms of the transaction agreements were considered and (2) identify that the control owner did not detect that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Warrants 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the accounting for and disclosure of a reverse merger. The firm did not (1) evaluate the specific review procedures that the control owner performed to assess whether all relevant terms of the transaction agreements were considered and (2) identify that the control owner did not detect that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Warrants 2 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over warrants and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Earnings Per Share 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the calculation of outstanding shares which was used to calculate earnings per share. The firm did not identify that this control was not designed to consider whether certain financial instruments should be included in these calculations in conformity with GAAP. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Earnings Per Share 2 AS 2810 30 The firm did not identify and appropriately address that the issuer's accounting for certain financial instruments was not in conformity with FASB ASC Topic 260 Earnings Per Share and FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these financial instruments and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over these financial instruments and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 42 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For two IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with administrative access to the tool used to implement changes also had the ability to develop these changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For two IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with administrative access to the tool used to implement changes also had the ability to develop these changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For two IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with administrative access to the tool used to implement changes also had the ability to develop these changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For two IT systems the firm selected for testing a control that consisted of the review of segregation of duties. The firm did not test the aspect of the control that addressed whether certain users with administrative access to the tool used to implement changes also had the ability to develop these changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 42 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For another IT system the firm selected for testing two controls that consisted of the review of segregation of duties. The firm did not test beyond inquiry the aspect of the controls that addressed whether certain users with access to the tools used to implement changes also had the ability to develop these changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For another IT system the firm selected for testing two controls that consisted of the review of segregation of duties. The firm did not test beyond inquiry the aspect of the controls that addressed whether certain users with access to the tools used to implement changes also had the ability to develop these changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For another IT system the firm selected for testing two controls that consisted of the review of segregation of duties. The firm did not test beyond inquiry the aspect of the controls that addressed whether certain users with access to the tools used to implement changes also had the ability to develop these changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For another IT system the firm selected for testing two controls that consisted of the review of segregation of duties. The firm did not test beyond inquiry the aspect of the controls that addressed whether certain users with access to the tools used to implement changes also had the ability to develop these changes. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2201 42 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For an additional IT system the firm selected for testing an automated control that was designed to address the risk of developers being able to implement changes. The firm's procedures were not sufficient because they did not test the configuration or programming of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For an additional IT system the firm selected for testing an automated control that was designed to address the risk of developers being able to implement changes. The firm's procedures were not sufficient because they did not test the configuration or programming of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For an additional IT system the firm selected for testing an automated control that was designed to address the risk of developers being able to implement changes. The firm's procedures were not sufficient because they did not test the configuration or programming of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to segregation of duties: · For an additional IT system the firm selected for testing an automated control that was designed to address the risk of developers being able to implement changes. The firm's procedures were not sufficient because they did not test the configuration or programming of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2201 39 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management for one of these IT systems the firm did not identify and test any controls over changes to the underlying master data. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue and/or deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. With respect to change management for one of these IT systems the firm did not identify and test any controls over changes to the underlying master data. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 1105 10 As a result of the firm's ITGC testing deficiencies for certain revenue and deferred revenue the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 10 As a result of the firm's ITGC testing deficiencies for certain revenue and deferred revenue the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 1105 A8a As a result of the firm's ITGC testing deficiencies for certain revenue and deferred revenue the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 A8a As a result of the firm's ITGC testing deficiencies for certain revenue and deferred revenue the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2305 16 As a result of the firm's ITGC testing deficiencies for certain revenue and deferred revenue the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2305 16 As a result of the firm's ITGC testing deficiencies for certain revenue and deferred revenue the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports (1) the firm used to make its selections to test certain controls; (2) the firm used in its substantive testing including analytical procedures; or (3) the company's specialists used. (AS 1105.10 and .A8a; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control over the issuer's review of contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the allocation of revenue to separate performance obligations was based on standalone selling prices. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control over the issuer's review of contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the allocation of revenue to separate performance obligations was based on standalone selling prices. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the issuer's allocation of revenue to separate performance obligations was based on standalone selling prices. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 For one type of revenue the firm selected for testing certain automated controls that the issuer used to process and record transactions related to this revenue. The firm did not sufficiently test the operating effectiveness of these controls because its procedures consisted of testing for each control a sample of one transaction in the issuer's IT testing environment without performing any procedures to determine whether the testing environment was the same as the production environment at the time of its testing. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm's approach for substantively testing the above revenue and another type of revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm did not perform sufficient procedures to test this revenue as follows: · For the first type of revenue discussed above the reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of a control over the data underlying the analysis. The firm did not evaluate whether the control selected for testing addressed all the cash receipts used in this analysis. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The firm's approach for substantively testing the above revenue and another type of revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm did not perform sufficient procedures to test this revenue as follows: · For the second type of revenue the reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of details of certain data underlying the analysis. The sample the firm tested for the fourth quarter was smaller than the one the firm determined necessary for these procedures. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm selected for testing controls over the recording of inventory. The firm did not identify and test any controls over the accuracy and completeness of certain reports used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 1105 10 The firm used certain reports in its substantive testing of inventory but did not perform any procedures to test or test controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The firm did not identify and test any controls that addressed whether the issuer's fixed overhead was expensed or capitalized appropriately in accordance with FASB ASC Topic 330 Inventory. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2810 30 The firm did not perform any substantive procedures to evaluate whether the issuer's fixed overhead was expensed or capitalized appropriately in accordance with FASB ASC Topic 330. (AS 2810.30) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The issuer changed its method of valuing certain inventory during the year. The firm did not identify and test any controls over the issuer's evaluation of whether this change represented a change in accounting principle. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2810 30 The firm did not perform any substantive procedures to evaluate whether this change represented a change in accounting principle under FASB ASC Topic 250 Accounting Changes and Error Corrections. (AS 2810.30) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The firm selected for testing a combination of automated and manual controls to address the risk that revenue was not accurately recorded. The firm did not sufficiently test certain of these manual controls which consisted of the issuer's reviews of (1) customer credit requests (2) customer rebates and (3) the accounts receivable aging as follows: · For the controls related to customer credit requests and rebates the firm did not test or in the alternative test any controls over the completeness of the system-generated reports that it used to select its samples for testing these controls. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm selected for testing a combination of automated and manual controls to address the risk that revenue was not accurately recorded. The firm did not sufficiently test certain of these manual controls which consisted of the issuer's reviews of (1) customer credit requests (2) customer rebates and (3) the accounts receivable aging as follows: · For the control related to the accounts receivable aging the firm did not identify and test any controls that addressed the application of cash receipts to accounts receivable balances. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 1 AS 2310 21 To test certain deposit liabilities the firm sent either positive or negative confirmation requests to the issuer's customers for samples of deposit liabilities as of an interim date and year end. For positive confirmations that were not returned and for negative confirmations that were undeliverable the firm did not perform procedures that provided sufficient appropriate audit evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.21 and .31) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 1 AS 2310 31 To test certain deposit liabilities the firm sent either positive or negative confirmation requests to the issuer's customers for samples of deposit liabilities as of an interim date and year end. For positive confirmations that were not returned and for negative confirmations that were undeliverable the firm did not perform procedures that provided sufficient appropriate audit evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.21 and .31) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 2 AS 2301 8 For certain other deposit liabilities selected for testing as of an interim date and year end the firm did not perform substantive procedures that provided sufficient appropriate audit evidence that the recorded amounts of the deposit liabilities were accurate. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 3 AS 2301 45 For deposit liabilities tested at an interim date the firm's procedures to extend its conclusions from the interim date to year end included comparing the deposit liabilities balances as of the interim date to the corresponding year-end balances. The firm identified differences in excess of the firm's established threshold but did not investigate these differences. (AS 2301.45) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of its assessment of certain long-lived assets for potential impairment including the underlying cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions underlying these cash-flow forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2021 United States Ernst & Young Global Limited 2022-11-21T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of its assessment of certain long-lived assets for potential impairment including the underlying cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions underlying these cash-flow forecasts. (AS 2201.42 and .44) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8a In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not evaluate whether the significant assumptions were consistent with relevant information and whether external data that the company's specialist used to develop certain of these assumptions were relevant and reliable. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8b In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not evaluate whether the significant assumptions were consistent with relevant information and whether external data that the company's specialist used to develop certain of these assumptions were relevant and reliable. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C6 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not evaluate whether the significant assumptions were consistent with relevant information and whether external data that the company's specialist used to develop certain of these assumptions were relevant and reliable. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C7 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not evaluate whether the significant assumptions were consistent with relevant information and whether external data that the company's specialist used to develop certain of these assumptions were relevant and reliable. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm did not perform sufficient substantive procedures to test certain of the issuer's revenue because its procedures were limited to comparing this revenue to system-generated reports and confirmations obtained from related parties. (AS 2301.08) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2810 30 During the year the issuer entered into a transaction with multiple parties. The firm did not evaluate whether the issuer's accounting for this transaction as a business combination was in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 1 AS 2301 8 The issuer recorded certain revenue at the time services were provided to its customers. The firm did not perform any substantive procedures to test whether the performance obligations for these services had been satisfied when revenue was recognized. (AS 2301.08) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 2 AS 2501 9 The issuer used various data and assumptions to estimate certain deferred revenue. The firm's approach for substantively testing this deferred revenue was to develop an independent expectation. The firm did not perform any procedures to evaluate whether the assumptions it used to develop its independent expectation were appropriate. (AS 2501.09 .10 and .12) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 2 AS 2501 10 The issuer used various data and assumptions to estimate certain deferred revenue. The firm's approach for substantively testing this deferred revenue was to develop an independent expectation. The firm did not perform any procedures to evaluate whether the assumptions it used to develop its independent expectation were appropriate. (AS 2501.09 .10 and .12) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 2 AS 2501 12 The issuer used various data and assumptions to estimate certain deferred revenue. The firm's approach for substantively testing this deferred revenue was to develop an independent expectation. The firm did not perform any procedures to evaluate whether the assumptions it used to develop its independent expectation were appropriate. (AS 2501.09 .10 and .12) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 3 AS 1105 10 The issuer used various data and assumptions to estimate certain deferred revenue. The firm's approach for substantively testing this deferred revenue was to develop an independent expectation. The firm did not test or in the alternative identify and test any controls over the accuracy of the issuer-prepared data it used to develop its independent expectation. (AS 1105.10) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2501 9 The issuer performed a qualitative assessment of goodwill impairment and used information from various internal and external sources in concluding not to perform a quantitative goodwill impairment test. The firm did not perform any procedures beyond reading an issuer-prepared memorandum to evaluate the reasonableness of the assumptions the issuer used in this qualitative assessment. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2501 10 The issuer performed a qualitative assessment of goodwill impairment and used information from various internal and external sources in concluding not to perform a quantitative goodwill impairment test. The firm did not perform any procedures beyond reading an issuer-prepared memorandum to evaluate the reasonableness of the assumptions the issuer used in this qualitative assessment. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2501 11 The issuer performed a qualitative assessment of goodwill impairment and used information from various internal and external sources in concluding not to perform a quantitative goodwill impairment test. The firm did not perform any procedures beyond reading an issuer-prepared memorandum to evaluate the reasonableness of the assumptions the issuer used in this qualitative assessment. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 5 AS 1105 4 The issuer performed a qualitative assessment of goodwill impairment and used information from various internal and external sources in concluding not to perform a quantitative goodwill impairment test. The firm did not (1) test or in the alternative identify and test any controls over the issuer-prepared data and (2) evaluate whether external information the issuer used in its qualitative assessment was relevant and reliable. (AS 1105.04 .06 and .10) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 5 AS 1105 6 The issuer performed a qualitative assessment of goodwill impairment and used information from various internal and external sources in concluding not to perform a quantitative goodwill impairment test. The firm did not (1) test or in the alternative identify and test any controls over the issuer-prepared data and (2) evaluate whether external information the issuer used in its qualitative assessment was relevant and reliable. (AS 1105.04 .06 and .10) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 5 AS 1105 10 The issuer performed a qualitative assessment of goodwill impairment and used information from various internal and external sources in concluding not to perform a quantitative goodwill impairment test. The firm did not (1) test or in the alternative identify and test any controls over the issuer-prepared data and (2) evaluate whether external information the issuer used in its qualitative assessment was relevant and reliable. (AS 1105.04 .06 and .10) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 6 AS 2502 26 The issuer used a cash flow forecast to evaluate an intangible asset for possible impairment. The firm did not evaluate the period of the expected future cash flows the issuer used in its forecast which was significantly longer than the remaining useful life of the asset. (AS 2502.26 and .28; AS 2810.03) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 6 AS 2502 28 The issuer used a cash flow forecast to evaluate an intangible asset for possible impairment. The firm did not evaluate the period of the expected future cash flows the issuer used in its forecast which was significantly longer than the remaining useful life of the asset. (AS 2502.26 and .28; AS 2810.03) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 6 AS 2810 3 The issuer used a cash flow forecast to evaluate an intangible asset for possible impairment. The firm did not evaluate the period of the expected future cash flows the issuer used in its forecast which was significantly longer than the remaining useful life of the asset. (AS 2502.26 and .28; AS 2810.03) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Payroll Expense 7 AS 2301 8 The firm did not perform sufficient substantive procedures to test payroll and benefits expense because its procedures were limited to comparing the expense recorded in the general ledger to issuer-prepared tax forms and inspecting certain journal entries. (AS 2301.08) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2810 30 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether all identifiable assets acquired and liabilities assumed were recognized in conformity with FASB ASC Topic 805 Business Combinations. Further the firm did not perform any procedures to evaluate whether the issuer's disclosures related to the acquired intangible assets were in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2810 31 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether all identifiable assets acquired and liabilities assumed were recognized in conformity with FASB ASC Topic 805 Business Combinations. Further the firm did not perform any procedures to evaluate whether the issuer's disclosures related to the acquired intangible assets were in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2501 7 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to test the fair value the issuer assigned to the acquired intangible assets. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2501 16 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the useful life the issuer assigned to these intangible assets because its procedures were limited to comparing this useful life to the useful life the issuer had assigned in a prior year to another type of intangible assets without evaluating the reasonableness of the difference between these two useful lives. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2501 16 During the year the issuer acquired a business. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of certain consideration the issuer transferred to the sellers was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of a significant assumption that the issuer used to determine the fair value of this consideration. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8a In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions developed by the issuer and (2) evaluate whether external data that the company's specialist used to develop another significant assumption were relevant and reliable and whether that assumption was consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201. C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8b In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions developed by the issuer and (2) evaluate whether external data that the company's specialist used to develop another significant assumption were relevant and reliable and whether that assumption was consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201. C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C6 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions developed by the issuer and (2) evaluate whether external data that the company's specialist used to develop another significant assumption were relevant and reliable and whether that assumption was consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201. C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C7 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions developed by the issuer and (2) evaluate whether external data that the company's specialist used to develop another significant assumption were relevant and reliable and whether that assumption was consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201. C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 2501 16 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions developed by the issuer and (2) evaluate whether external data that the company's specialist used to develop another significant assumption were relevant and reliable and whether that assumption was consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201. C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Equity 3 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these shares and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8a In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate a significant assumption developed by the issuer and a significant assumption developed by the company's specialist and (2) evaluate whether external data that the company's specialist used to develop another significant assumption were relevant and reliable and whether that assumption and other significant assumptions developed by the company's specialist were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8b In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate a significant assumption developed by the issuer and a significant assumption developed by the company's specialist and (2) evaluate whether external data that the company's specialist used to develop another significant assumption were relevant and reliable and whether that assumption and other significant assumptions developed by the company's specialist were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C6 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate a significant assumption developed by the issuer and a significant assumption developed by the company's specialist and (2) evaluate whether external data that the company's specialist used to develop another significant assumption were relevant and reliable and whether that assumption and other significant assumptions developed by the company's specialist were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C7 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate a significant assumption developed by the issuer and a significant assumption developed by the company's specialist and (2) evaluate whether external data that the company's specialist used to develop another significant assumption were relevant and reliable and whether that assumption and other significant assumptions developed by the company's specialist were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 2501 16 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate a significant assumption developed by the issuer and a significant assumption developed by the company's specialist and (2) evaluate whether external data that the company's specialist used to develop another significant assumption were relevant and reliable and whether that assumption and other significant assumptions developed by the company's specialist were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Equity 3 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these shares and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8b In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate a significant assumption developed by the issuer and (2) evaluate whether certain significant assumptions that the company's specialist developed were consistent with relevant information. (AS 1105.A8b; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C6 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate a significant assumption developed by the issuer and (2) evaluate whether certain significant assumptions that the company's specialist developed were consistent with relevant information. (AS 1105.A8b; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C7 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate a significant assumption developed by the issuer and (2) evaluate whether certain significant assumptions that the company's specialist developed were consistent with relevant information. (AS 1105.A8b; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 2501 16 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate a significant assumption developed by the issuer and (2) evaluate whether certain significant assumptions that the company's specialist developed were consistent with relevant information. (AS 1105.A8b; AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Equity 3 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Derivatives 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants and another derivative instrument as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and the derivative instrument and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants and another derivative instrument as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and the derivative instrument and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 1105 A8a In its restated financial statements the issuer recorded these warrants and the derivative instrument as liabilities and engaged a specialist to determine the fair value for certain of these warrants and the derivative instrument. The firm's approach for substantively testing the fair values of these certain warrants and the derivative instrument was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions and (2) evaluate whether external data that the company's specialist used to develop other significant assumptions were relevant and reliable and whether those assumptions were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8a In its restated financial statements the issuer recorded these warrants and the derivative instrument as liabilities and engaged a specialist to determine the fair value for certain of these warrants and the derivative instrument. The firm's approach for substantively testing the fair values of these certain warrants and the derivative instrument was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions and (2) evaluate whether external data that the company's specialist used to develop other significant assumptions were relevant and reliable and whether those assumptions were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 1105 A8b In its restated financial statements the issuer recorded these warrants and the derivative instrument as liabilities and engaged a specialist to determine the fair value for certain of these warrants and the derivative instrument. The firm's approach for substantively testing the fair values of these certain warrants and the derivative instrument was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions and (2) evaluate whether external data that the company's specialist used to develop other significant assumptions were relevant and reliable and whether those assumptions were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8b In its restated financial statements the issuer recorded these warrants and the derivative instrument as liabilities and engaged a specialist to determine the fair value for certain of these warrants and the derivative instrument. The firm's approach for substantively testing the fair values of these certain warrants and the derivative instrument was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions and (2) evaluate whether external data that the company's specialist used to develop other significant assumptions were relevant and reliable and whether those assumptions were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 1201 C6 In its restated financial statements the issuer recorded these warrants and the derivative instrument as liabilities and engaged a specialist to determine the fair value for certain of these warrants and the derivative instrument. The firm's approach for substantively testing the fair values of these certain warrants and the derivative instrument was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions and (2) evaluate whether external data that the company's specialist used to develop other significant assumptions were relevant and reliable and whether those assumptions were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C6 In its restated financial statements the issuer recorded these warrants and the derivative instrument as liabilities and engaged a specialist to determine the fair value for certain of these warrants and the derivative instrument. The firm's approach for substantively testing the fair values of these certain warrants and the derivative instrument was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions and (2) evaluate whether external data that the company's specialist used to develop other significant assumptions were relevant and reliable and whether those assumptions were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 1201 C7 In its restated financial statements the issuer recorded these warrants and the derivative instrument as liabilities and engaged a specialist to determine the fair value for certain of these warrants and the derivative instrument. The firm's approach for substantively testing the fair values of these certain warrants and the derivative instrument was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions and (2) evaluate whether external data that the company's specialist used to develop other significant assumptions were relevant and reliable and whether those assumptions were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C7 In its restated financial statements the issuer recorded these warrants and the derivative instrument as liabilities and engaged a specialist to determine the fair value for certain of these warrants and the derivative instrument. The firm's approach for substantively testing the fair values of these certain warrants and the derivative instrument was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist did not (1) perform any procedures to evaluate certain significant assumptions and (2) evaluate whether external data that the company's specialist used to develop other significant assumptions were relevant and reliable and whether those assumptions were consistent with other relevant information. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Equity 3 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these shares and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8a In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not evaluate whether the method the company's specialist used to value the warrants was appropriate and did not perform any procedures to evaluate a significant assumption that the company's specialist developed. (AS 1105.A8b and .A8c; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8b In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not evaluate whether the method the company's specialist used to value the warrants was appropriate and did not perform any procedures to evaluate a significant assumption that the company's specialist developed. (AS 1105.A8b and .A8c; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C6 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not evaluate whether the method the company's specialist used to value the warrants was appropriate and did not perform any procedures to evaluate a significant assumption that the company's specialist developed. (AS 1105.A8b and .A8c; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1201 C7 In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for certain of these warrants. The firm's approach for substantively testing the fair values of these certain warrants was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the significant assumptions the company's specialist used. The firm did not sufficiently test the fair value of these warrants because it did not identify that the auditor-employed specialist did not evaluate whether the method the company's specialist used to value the warrants was appropriate and did not perform any procedures to evaluate a significant assumption that the company's specialist developed. (AS 1105.A8b and .A8c; AS 1201.C6 and .C7) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Equity 3 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Equity 2 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these shares and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue 2 AS 1105 10 For certain types of revenue that the issuer recorded at two of its business units and deferred revenue that it recorded at one of these business units the firm used data or reports provided by the issuer in various substantive procedures it performed to test these accounts. The firm did not test or in the alternative test any controls over the accuracy and completeness of certain of these data and reports. (AS 1105.10) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Certain Liability 1 AS 2501 16 The firm's approach for substantively testing the fair value of a certain liability was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of a significant assumption the issuer used to determine the fair value of this liability because the firm's procedures were limited to inquiring of management and reading an issuer-prepared memorandum and analysis. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Certain Liability 2 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of omissions from a required disclosure under FASB ASC Topic 820 Fair Value Measurements related to this liability. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Certain Liability 2 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of omissions from a required disclosure under FASB ASC Topic 820 Fair Value Measurements related to this liability. (AS 2810.30 and .31) Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A L No Financial statement audit only Audits with a single deficiency Equity 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these shares and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2021 United States 2022-11-21T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The firm's substantive procedures to test revenue consisted of testing a sample of transactions. For certain of the transactions it selected for testing the firm did not perform any procedures to test whether the performance obligation had been satisfied when revenue was recognized. (AS 2301.08) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Deferred Revenue 1 AS 2201 39 The firm did not identify and test any controls over information that the issuer manually entered into the revenue systems and used to record service revenue and deferred revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Deferred Revenue 2 AS 2201 39 The firm selected for testing a control that consisted of a quarterly comparison of financial results including revenue to the results of the prior quarters. The firm did not identify and test any controls over the accuracy and completeness of information used in the operation of this control. (AS 2201.39) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Deferred Revenue 3 AS 2201 42 The firm selected for testing a control that consisted of a quarterly comparison of financial results including revenue to the results of the prior quarters. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Deferred Revenue 3 AS 2201 44 The firm selected for testing a control that consisted of a quarterly comparison of financial results including revenue to the results of the prior quarters. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Deferred Revenue 4 AS 2201 39 The firm did not identify and test any controls over the accounting implications and disclosure requirements related to certain modifications made to existing contracts that resulted in a change in the time frame for a performance obligation to be satisfied under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2201.39) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Deferred Revenue 5 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of a disclosure of a change in the time frame for a performance obligation to be satisfied. Such disclosure is required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Deferred Revenue 5 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of a disclosure of a change in the time frame for a performance obligation to be satisfied. Such disclosure is required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used information-technology (IT) systems to initiate process and record transactions related to certain revenue. The following deficiencies were identified: · The firm selected for testing an automated control but its testing of a sample of only one item was not sufficient because the firm did not test the configuration or programming of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the automated control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used information-technology (IT) systems to initiate process and record transactions related to certain revenue. The following deficiencies were identified: · The firm selected for testing an automated control but its testing of a sample of only one item was not sufficient because the firm did not test the configuration or programming of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the automated control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used information-technology (IT) systems to initiate process and record transactions related to certain revenue. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the shipment information that was entered into one of the IT systems and that the issuer used to record this revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Intangible Assets 3 AS 2201 42 The issuer incurred costs related to certain intangible assets. The firm selected for testing a control that consisted of the issuer's review of such costs. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain inputs and assumptions used in the valuation of such assets. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Intangible Assets 3 AS 2201 44 The issuer incurred costs related to certain intangible assets. The firm selected for testing a control that consisted of the issuer's review of such costs. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain inputs and assumptions used in the valuation of such assets. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Warrants and Forward Purchase Agreements 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants and forward purchase agreements as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and forward purchase agreements and concluded that material misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity 2 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these shares and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Equity 2 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480. (AS 2810.30) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain warrants as equity was not in conformity with FASB ASC Topic 815. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 2810 30 The firm did not identify and evaluate the significance to the restated financial statements of the omission of and a misstatement in certain required disclosures under FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 2810 31 The firm did not identify and evaluate the significance to the restated financial statements of the omission of and a misstatement in certain required disclosures under FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Equity 3 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480. (AS 2810.30) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Equity 2 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480. (AS 2810.30) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Equity 2 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480. (AS 2810.30) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The issuer recognized certain revenue based on electronic activity that was processed by a third-party service provider and the firm used certain reports produced by the third-party service provider in its substantive testing. The firm did not sufficiently test the accuracy and completeness of the data included in such reports because its procedures were limited to testing only a small number of revenue types and for those revenue types selected for testing it tested only one of multiple types of transactions. (AS 2301.08) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 4 The firm relied on an outside source to provide reasonable assurance that the transactions processed by the third-party service provider were accurate. The firm however did not perform any procedures to determine whether it was appropriate to place such reliance on the outside source. (AS 1105.04) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Warrants 3 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815. (AS 2810.30) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Equity 2 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480. (AS 2810.30) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Payroll Expenses 1 AS 2301 8 The issuer used a service organization to process and record transactions related to payroll expense and the firm used certain reports produced by the service organization in its substantive testing. The firm did not test the completeness and accuracy of the data that the issuer submitted to the service organization. Although the firm obtained and read the service auditor's report it did not identify and test any necessary complementary user controls that were described in the service auditor's report. (AS 2301.08) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 The firm did not perform any procedures to test the additions made to long-lived assets during the year. (AS 2301.08) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2501 24 The issuer recorded at fair value intangible assets that it acquired as part of a current-year business combination. The firm's approach for testing the fair value of one of the acquired intangible assets was to develop an independent estimate of the fair value using forecasted revenue growth rates produced by the issuer. The firm did not evaluate the reasonableness of these revenue growth rates. (AS 2501.24) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2501 7 The issuer recorded at fair value intangible assets that it acquired as part of a current-year business combination. The firm's approach for testing the fair value of one of the acquired intangible assets was to develop an independent estimate of the fair value using forecasted revenue growth rates produced by the issuer. The firm did not perform any procedures to test the fair value of the other acquired intangible assets. (AS 2501.07) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A L No Financial statement audit only Audits with a single deficiency Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain warrants as equity was not in conformity with FASB ASC Topic 815. (AS 2810.30) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A N No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The issuer recognized a certain type of revenue based on the volume of product it delivered to its customers. The firm used volume data in its substantive testing of this revenue but did not perform any procedures to test or in the alternative identify and test any controls that addressed the accuracy and completeness of the volume data. (AS 1105.10) Annually Inspected 688 Marcum LLP 2021 United States 2022-11-21T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Warrants 1 AS 2810 30 During the audit the firm did not identify and evaluate the significance to the financial statements of a misstatement in certain required disclosures under FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) discussed below the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) discussed below the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) discussed below the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following ITGC deficiencies were identified: · The firm selected for testing a control over the issuer's review of user access to this IT system but did not evaluate the specific review procedures that the control owner performed to determine whether to approve user access that had been requested or whether user access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following ITGC deficiencies were identified: · The firm selected for testing a control over the issuer's review of user access to this IT system but did not evaluate the specific review procedures that the control owner performed to determine whether to approve user access that had been requested or whether user access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following ITGC deficiencies were identified: · The firm selected for testing a control over the issuer's review of user access to this IT system but did not evaluate the specific review procedures that the control owner performed to determine whether to approve user access that had been requested or whether user access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following ITGC deficiencies were identified: · The firm selected for testing a control over the issuer's review of user access to this IT system but did not evaluate the specific review procedures that the control owner performed to determine whether to approve user access that had been requested or whether user access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following ITGC deficiencies were identified: · The firm selected for testing a control over the issuer's review of user access to this IT system but did not evaluate the specific review procedures that the control owner performed to determine whether to approve user access that had been requested or whether user access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following ITGC deficiencies were identified: · The firm selected for testing a control over the issuer's review of user access to this IT system but did not evaluate the specific review procedures that the control owner performed to determine whether to approve user access that had been requested or whether user access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 1105 10 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following ITGC deficiencies were identified: · The firm selected for testing a control over change management but did not perform any procedures to test or in the alternative test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 1105 10 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following ITGC deficiencies were identified: · The firm selected for testing a control over change management but did not perform any procedures to test or in the alternative test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following ITGC deficiencies were identified: · The firm selected for testing a control over change management but did not perform any procedures to test or in the alternative test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 B29 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following deficiencies related to the firm's testing of controls were identified: · The firm used the work of the issuer's internal audit as evidence of the effectiveness of automated application controls over the accuracy and completeness of reports that the issuer used in the operation of certain other IT-dependent manual controls that the firm tested. Internal audit relied on the testing of these controls that was performed in prior years. The firm did not sufficiently evaluate whether internal audit's strategy to rely on testing that was performed in prior years was appropriate because the firm did not evaluate whether ITGCs were effective in those prior years. (AS 2201.B29; AS 2605.24) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 B29 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following deficiencies related to the firm's testing of controls were identified: · The firm used the work of the issuer's internal audit as evidence of the effectiveness of automated application controls over the accuracy and completeness of reports that the issuer used in the operation of certain other IT-dependent manual controls that the firm tested. Internal audit relied on the testing of these controls that was performed in prior years. The firm did not sufficiently evaluate whether internal audit's strategy to rely on testing that was performed in prior years was appropriate because the firm did not evaluate whether ITGCs were effective in those prior years. (AS 2201.B29; AS 2605.24) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 B29 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following deficiencies related to the firm's testing of controls were identified: · The firm used the work of the issuer's internal audit as evidence of the effectiveness of automated application controls over the accuracy and completeness of reports that the issuer used in the operation of certain other IT-dependent manual controls that the firm tested. Internal audit relied on the testing of these controls that was performed in prior years. The firm did not sufficiently evaluate whether internal audit's strategy to rely on testing that was performed in prior years was appropriate because the firm did not evaluate whether ITGCs were effective in those prior years. (AS 2201.B29; AS 2605.24) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2605 24 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following deficiencies related to the firm's testing of controls were identified: · The firm used the work of the issuer's internal audit as evidence of the effectiveness of automated application controls over the accuracy and completeness of reports that the issuer used in the operation of certain other IT-dependent manual controls that the firm tested. Internal audit relied on the testing of these controls that was performed in prior years. The firm did not sufficiently evaluate whether internal audit's strategy to rely on testing that was performed in prior years was appropriate because the firm did not evaluate whether ITGCs were effective in those prior years. (AS 2201.B29; AS 2605.24) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2605 24 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following deficiencies related to the firm's testing of controls were identified: · The firm used the work of the issuer's internal audit as evidence of the effectiveness of automated application controls over the accuracy and completeness of reports that the issuer used in the operation of certain other IT-dependent manual controls that the firm tested. Internal audit relied on the testing of these controls that was performed in prior years. The firm did not sufficiently evaluate whether internal audit's strategy to rely on testing that was performed in prior years was appropriate because the firm did not evaluate whether ITGCs were effective in those prior years. (AS 2201.B29; AS 2605.24) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2605 24 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following deficiencies related to the firm's testing of controls were identified: · The firm used the work of the issuer's internal audit as evidence of the effectiveness of automated application controls over the accuracy and completeness of reports that the issuer used in the operation of certain other IT-dependent manual controls that the firm tested. Internal audit relied on the testing of these controls that was performed in prior years. The firm did not sufficiently evaluate whether internal audit's strategy to rely on testing that was performed in prior years was appropriate because the firm did not evaluate whether ITGCs were effective in those prior years. (AS 2201.B29; AS 2605.24) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 44 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following deficiencies related to the firm's testing of controls were identified: · For certain automated controls the firm tested a sample of one transaction for each of these controls in the issuer's IT testing environment rather than in its production environment. The firm's testing was not sufficient because the firm did not perform procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 44 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following deficiencies related to the firm's testing of controls were identified: · For certain automated controls the firm tested a sample of one transaction for each of these controls in the issuer's IT testing environment rather than in its production environment. The firm's testing was not sufficient because the firm did not perform procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and inventory. In its testing of controls over these accounts the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by this IT system. The following deficiencies related to the firm's testing of controls were identified: · For certain automated controls the firm tested a sample of one transaction for each of these controls in the issuer's IT testing environment rather than in its production environment. The firm's testing was not sufficient because the firm did not perform procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 42 For certain business units the firm selected for testing an automated control over the timing of revenue recognition. The firm did not test the configuration of this automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 44 For certain business units the firm selected for testing an automated control over the timing of revenue recognition. The firm did not test the configuration of this automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 42 For another business unit the firm selected for testing a control that consisted of the issuer's monthly review of revenue and gross margins. The firm did not evaluate the specific review procedures that the control owner performed to assess whether revenue was appropriately recognized. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 44 For another business unit the firm selected for testing a control that consisted of the issuer's monthly review of revenue and gross margins. The firm did not evaluate the specific review procedures that the control owner performed to assess whether revenue was appropriately recognized. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 9 AS 2201 39 The issuer used a service organization for custodial and other administrative services related to pension assets. The firm obtained the service auditor's report on the operating effectiveness of the service organization's controls but did not identify that the service auditor's report did not address the valuation of pension assets. (AS 2201.39 and .B21) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 9 AS 2201 B21 The issuer used a service organization for custodial and other administrative services related to pension assets. The firm obtained the service auditor's report on the operating effectiveness of the service organization's controls but did not identify that the service auditor's report did not address the valuation of pension assets. (AS 2201.39 and .B21) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 10 AS 2503 28 The issuer determined the fair value of a portion of its pension assets based on a valuation model that used the financial results of the investees. The firm obtained the audited financial statements of the investees but did not perform any procedures to test the investees' financial results for the six months between the period covered by the audited financial statements and the issuer's year end. Further for two of these investees the firm did not sufficiently evaluate whether the audited financial statements provided sufficient appropriate audit evidence about the investees' financial results for the period covered because the financial statements did not contain the necessary information for the firm to assess the inputs that the issuer used in its valuation model. (AS 2503.28) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 11 AS 2201 42 The issuer engaged an external specialist to estimate its pension liabilities using participant data provided by the issuer and assumptions developed by the specialist. The firm selected for testing a control that consisted of the issuer's review of the assumptions used by the specialist. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 11 AS 2201 44 The issuer engaged an external specialist to estimate its pension liabilities using participant data provided by the issuer and assumptions developed by the specialist. The firm selected for testing a control that consisted of the issuer's review of the assumptions used by the specialist. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 12 AS 2201 39 The issuer engaged an external specialist to estimate its pension liabilities using participant data provided by the issuer and assumptions developed by the specialist. The firm selected for testing a control that consisted of the issuer's review of the assumptions used by the specialist. The firm did not identify and test any controls that addressed whether the participant data provided to the specialist were accurate and complete. (AS 2201.39) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 13 AS 2201 46 The issuer used a service organization to initiate process and record transactions related to payroll expenses for certain business units and this service organization used a sub-service organization for certain functions that were not covered in the service auditor's report. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports from the service organization. As a result of the deficiencies in the firm's testing of controls discussed below the firm's testing of these controls was not sufficient. (AS 2201.46) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 14 AS 2201 39 The issuer used a service organization to initiate process and record transactions related to payroll expenses for certain business units and this service organization used a sub-service organization for certain functions that were not covered in the service auditor's report. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports from the service organization. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's evaluation of the service auditor's report with respect to the effectiveness of the controls at the service organization. (AS 2201.39) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 15 AS 2201 44 The issuer used a service organization to initiate process and record transactions related to payroll expenses for certain business units and this service organization used a sub-service organization for certain functions that were not covered in the service auditor's report. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports from the service organization. The following deficiencies were identified: · The firm identified complementary user controls implemented by the issuer that the service auditor's report described as necessary but did not test the operating effectiveness of certain of these controls. (AS 2201.44 and .B22) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 15 AS 2201 B22 The issuer used a service organization to initiate process and record transactions related to payroll expenses for certain business units and this service organization used a sub-service organization for certain functions that were not covered in the service auditor's report. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports from the service organization. The following deficiencies were identified: · The firm identified complementary user controls implemented by the issuer that the service auditor's report described as necessary but did not test the operating effectiveness of certain of these controls. (AS 2201.44 and .B22) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 16 AS 2201 39 The issuer used a service organization to initiate process and record transactions related to payroll expenses for certain business units and this service organization used a sub-service organization for certain functions that were not covered in the service auditor's report. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports from the service organization. The following deficiencies were identified: · The firm did not obtain an understanding of and test any controls at the sub-service organization that were relevant to the issuer. (AS 2201.39 and .B19) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 16 AS 2201 B19 The issuer used a service organization to initiate process and record transactions related to payroll expenses for certain business units and this service organization used a sub-service organization for certain functions that were not covered in the service auditor's report. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports from the service organization. The following deficiencies were identified: · The firm did not obtain an understanding of and test any controls at the sub-service organization that were relevant to the issuer. (AS 2201.39 and .B19) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 17 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test payroll expenses was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 17 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test payroll expenses was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 17 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test payroll expenses was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 17 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test payroll expenses was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 17 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test payroll expenses was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 17 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test payroll expenses was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 39 The issuer used various internally and externally developed models to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. These models used various data and assumptions. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's validation of certain of these models. (AS 2201.39) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 42 The issuer used various internally and externally developed models to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. These models used various data and assumptions. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the operation of these models and the underlying inputs and assumptions. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 44 The issuer used various internally and externally developed models to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. These models used various data and assumptions. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the operation of these models and the underlying inputs and assumptions. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 39 The issuer used various internally and externally developed models to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. These models used various data and assumptions. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the operation of these models and the underlying inputs and assumptions. The firm did not identify and test any controls over the accuracy and completeness of the data that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 4 AS 1201 C6 The issuer used various internally and externally developed models to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. These models used various data and assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the quantitative component of the ACL for loans collectively evaluated for impairment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the issuer used including the underlying models and assumptions. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the specialist's procedures were limited to inquiring of management and reading issuer-prepared reports and analyses. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 4 AS 1201 C7 The issuer used various internally and externally developed models to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. These models used various data and assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the quantitative component of the ACL for loans collectively evaluated for impairment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the issuer used including the underlying models and assumptions. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the specialist's procedures were limited to inquiring of management and reading issuer-prepared reports and analyses. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 4 AS 2501 16 The issuer used various internally and externally developed models to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. These models used various data and assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the quantitative component of the ACL for loans collectively evaluated for impairment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the issuer used including the underlying models and assumptions. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the specialist's procedures were limited to inquiring of management and reading issuer-prepared reports and analyses. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used two IT systems to process and record transactions related to revenue. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of ITGCs discussed below the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used two IT systems to process and record transactions related to revenue. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The following ITGC deficiencies were identified: · The firm selected for testing controls over the issuer's review of user access to these IT systems but did not evaluate the specific review procedures that the control owners performed to determine whether to approve user access that had been requested or whether user access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used two IT systems to process and record transactions related to revenue. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The following ITGC deficiencies were identified: · The firm selected for testing controls over the issuer's review of user access to these IT systems but did not evaluate the specific review procedures that the control owners performed to determine whether to approve user access that had been requested or whether user access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer used two IT systems to process and record transactions related to revenue. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The following ITGC deficiencies were identified: · The firm selected for testing a control over change management but did not perform any procedures to test or in the alternative test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 B29 The firm used the work of the issuer's internal audit as evidence of the effectiveness of automated application controls over the accuracy and completeness of reports that the issuer used in the operation of certain other IT-dependent manual controls over revenue that the firm tested. Internal audit relied on the testing of these controls that was performed in prior years. The firm did not sufficiently evaluate whether internal audit's strategy to rely on testing that was performed in prior years was appropriate because the firm did not evaluate (1) whether ITGCs were effective in those prior years and (2) the effect of certain changes to IT systems that the issuer implemented in the current year. (AS 2201.B29 and .B31; AS 2605.24) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 B31 The firm used the work of the issuer's internal audit as evidence of the effectiveness of automated application controls over the accuracy and completeness of reports that the issuer used in the operation of certain other IT-dependent manual controls over revenue that the firm tested. Internal audit relied on the testing of these controls that was performed in prior years. The firm did not sufficiently evaluate whether internal audit's strategy to rely on testing that was performed in prior years was appropriate because the firm did not evaluate (1) whether ITGCs were effective in those prior years and (2) the effect of certain changes to IT systems that the issuer implemented in the current year. (AS 2201.B29 and .B31; AS 2605.24) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2605 24 The firm used the work of the issuer's internal audit as evidence of the effectiveness of automated application controls over the accuracy and completeness of reports that the issuer used in the operation of certain other IT-dependent manual controls over revenue that the firm tested. Internal audit relied on the testing of these controls that was performed in prior years. The firm did not sufficiently evaluate whether internal audit's strategy to rely on testing that was performed in prior years was appropriate because the firm did not evaluate (1) whether ITGCs were effective in those prior years and (2) the effect of certain changes to IT systems that the issuer implemented in the current year. (AS 2201.B29 and .B31; AS 2605.24) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 46 The issuer used two IT systems to process and record transactions related to the ALL. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of ITGCs discussed below the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 42 The issuer used two IT systems to process and record transactions related to the ALL. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The following ITGC deficiencies were identified: · The firm selected for testing controls over the issuer's review of user access to these IT systems but did not evaluate the specific review procedures that the control owners performed to determine whether to approve user access that had been requested or whether user access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 44 The issuer used two IT systems to process and record transactions related to the ALL. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The following ITGC deficiencies were identified: · The firm selected for testing controls over the issuer's review of user access to these IT systems but did not evaluate the specific review procedures that the control owners performed to determine whether to approve user access that had been requested or whether user access that had been previously approved continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 1105 10 The issuer used two IT systems to process and record transactions related to the ALL. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The following ITGC deficiencies were identified: · The firm selected for testing a control over change management but did not perform any procedures to test or in the alternative test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 1105 10 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The firm did not perform any substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data and reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2301 16 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2301 18 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2301 37 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2315 19 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2315 23 As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2315 23A As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record loan-related transactions. The firm selected for testing certain controls over the issuer's review of user access to this IT system but did not evaluate the specific procedures that the control owners performed to determine whether to grant access to users or whether the granted access continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record loan-related transactions. The firm selected for testing certain controls over the issuer's review of user access to this IT system but did not evaluate the specific procedures that the control owners performed to determine whether to grant access to users or whether the granted access continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of assumptions used to determine the qualitative adjustments used to estimate the ALL for loans collectively evaluated for impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of assumptions used to determine the qualitative adjustments used to estimate the ALL for loans collectively evaluated for impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 46 The firm selected for testing a control that consisted of the issuer's review of assumptions used to determine the qualitative adjustments used to estimate the ALL for loans collectively evaluated for impairment. Due to the deficiencies in the firm's testing of the IT general controls (ITGCs) the firm did not sufficiently test controls over the accuracy and completeness of certain reports used in the operation of these controls. (AS 2201.46) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 16 For loans collectively evaluated for impairment the firm's approach for substantively testing the ALL was to test the issuer's process. The following deficiencies were identified: · For one component of the issuer's qualitative reserve the firm did not evaluate whether the issuer had a reasonable basis for certain significant assumptions used and whether those assumptions were consistent with relevant industry regulatory and other external factors including economic conditions; existing market information; and/or other significant assumptions used by the issuer. (AS 2501.16) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2501 16 For loans collectively evaluated for impairment the firm's approach for substantively testing the ALL was to test the issuer's process. The following deficiencies were identified: · For another component the firm did not evaluate whether the issuer had a reasonable basis for significant assumptions related to the basis points used for the qualitative base adjustment and for its selection of basis points from a range of potential basis points. (AS 2501.16) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 1 AS 2301 16 The firm relied on certain ITGCs including those over the issuer's online banking application and manual controls in its approach to testing certain deposit liabilities. The following deficiencies were identified: · The firm did not identify and test ITGCs over the issuer's online banking application. (AS 2301.16) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 2 AS 2301 19 The firm relied on certain ITGCs including those over the issuer's online banking application and manual controls in its approach to testing certain deposit liabilities. The following deficiencies were identified: · The firm selected for testing a control over the monitoring of the transfer of data from the teller system to the general ledger. The firm did not evaluate whether the control was designed to address the risk related to the completeness of the data transferred. (AS 2301.19) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 3 AS 2301 19 The firm relied on certain ITGCs including those over the issuer's online banking application and manual controls in its approach to testing certain deposit liabilities. The following deficiencies were identified: · The firm selected for testing controls over user access to the general ledger. The firm did not evaluate the specific review procedures that the control owners performed to determine whether to initially grant access and whether previously granted access continued to be appropriate. (AS 2301.19 and .21) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 3 AS 2301 21 The firm relied on certain ITGCs including those over the issuer's online banking application and manual controls in its approach to testing certain deposit liabilities. The following deficiencies were identified: · The firm selected for testing controls over user access to the general ledger. The firm did not evaluate the specific review procedures that the control owners performed to determine whether to initially grant access and whether previously granted access continued to be appropriate. (AS 2301.19 and .21) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 4 AS 1105 10 The firm relied on certain ITGCs including those over the issuer's online banking application and manual controls in its approach to testing certain deposit liabilities. The following deficiencies were identified: · The firm selected for testing controls over change management. The firm did not test or in the alternative test controls over the completeness of the population of changes that the firm used in its testing of these controls. (AS 1105.10) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 5 AS 2301 19 The firm relied on certain ITGCs including those over the issuer's online banking application and manual controls in its approach to testing certain deposit liabilities. The following deficiencies were identified: · The firm selected for testing a control over the origination of new deposit liability accounts. The firm did not include any new accounts originated in the online banking system in its testing. (AS 2301.19 and .21) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 5 AS 2301 21 The firm relied on certain ITGCs including those over the issuer's online banking application and manual controls in its approach to testing certain deposit liabilities. The following deficiencies were identified: · The firm selected for testing a control over the origination of new deposit liability accounts. The firm did not include any new accounts originated in the online banking system in its testing. (AS 2301.19 and .21) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 6 AS 2301 16 The firm relied on certain ITGCs including those over the issuer's online banking application and manual controls in its approach to testing certain deposit liabilities. The following deficiencies were identified: · The firm did not identify and test controls over the process for customers who elected to receive electronic statements. (AS 2301.16) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 7 AS 1105 10 The firm sent confirmation requests to the issuer's customers for two samples of deposit liabilities. The following deficiencies were identified: · As a result of the deficiencies identified the firm did not sufficiently test the completeness of the deposit liabilities population that was used to select the samples to be confirmed. (AS 1105.10) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 8 AS 2301 16 The firm sent confirmation requests to the issuer's customers for two samples of deposit liabilities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 8 AS 2301 18 The firm sent confirmation requests to the issuer's customers for two samples of deposit liabilities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 8 AS 2301 37 The firm sent confirmation requests to the issuer's customers for two samples of deposit liabilities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 8 AS 2315 19 The firm sent confirmation requests to the issuer's customers for two samples of deposit liabilities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 8 AS 2315 23 The firm sent confirmation requests to the issuer's customers for two samples of deposit liabilities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 8 AS 2315 23A The firm sent confirmation requests to the issuer's customers for two samples of deposit liabilities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2501 16 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The firm's approach for substantively testing the qualitative component of the ALL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for the basis points used for the qualitative factors and for its selection of basis points from a range of potential basis points. (AS 2501.16) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls over the initial recording of certain sales in the issuer's sales systems. (AS 2201.39) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2305 16 The firm's substantive procedures to test certain of this revenue consisted of substantive analytical procedures. The firm used certain sales data to develop its expectations but did not test the accuracy of these data. (AS 2305.16) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 3 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reviews of its assessments of long-lived assets for possible impairment. For the first business unit the firm did not test the operating effectiveness of this control. (AS 2201.44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 4 AS 2201 39 The firm selected for testing a control that consisted of the issuer's reviews of its assessments of long-lived assets for possible impairment. For the second business unit the firm did not identify and test any controls over the accuracy and completeness of historical sales data used in the operation of this control. (AS 2201.39) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 5 AS 2501 7 For the first business unit the firm did not sufficiently test the issuer's assessment of long-lived assets for possible impairment because the firm's procedures were limited to reading the consolidated operating results for this business unit. (AS 2501.07) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 6 AS 1105 10 For the second business unit the firm used historical sales data in its evaluation of the issuer's assessment of long-lived assets for possible impairment. The firm did not perform any substantive procedures to test or identify and test controls over the accuracy of these data. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing controls that included the issuer's reviews of the assigned loan risk ratings. The loan risk rating was an important input in estimating the ALL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assigned risk ratings. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing controls that included the issuer's reviews of the assigned loan risk ratings. The loan risk rating was an important input in estimating the ALL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assigned risk ratings. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 42 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reviews of the ALL including an assessment of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the qualitative factors. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 44 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reviews of the ALL including an assessment of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the qualitative factors. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2501 16 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to review and test the issuer's process. The firm did not sufficiently evaluate the reasonableness of the qualitative factors the issuer used to determine the qualitative reserve component of the ALL because the firm's procedures were limited to (1) reading the issuer's ALL memorandum and (2) comparing the qualitative factors the issuer used to those used in prior periods. (AS 2501.16) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 4 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of deposit liabilities. For the items in its sample for which the requested confirmations were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.31) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 42 The firm selected for testing controls that included the issuer's reviews of the assumptions used to estimate the ACL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 44 The firm selected for testing controls that included the issuer's reviews of the assumptions used to estimate the ACL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 1105 4 The firm's approach for substantively testing the reasonableness of certain assumptions the issuer used to estimate the ACL was to review and test the issuer's process. The firm's procedures were limited to comparing these assumptions to those used in the prior year and inquiring of management about significant variances. Further the firm's approach for testing certain other assumptions the issuer used to estimate the ACL was to develop an independent expectation of the assumptions. The firm did not have a reasonable basis for its expectation because it did not evaluate the relevance of the industry information it used in developing its expectation. (AS 1105.04 and .06; 2501.16) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 1105 6 The firm's approach for substantively testing the reasonableness of certain assumptions the issuer used to estimate the ACL was to review and test the issuer's process. The firm's procedures were limited to comparing these assumptions to those used in the prior year and inquiring of management about significant variances. Further the firm's approach for testing certain other assumptions the issuer used to estimate the ACL was to develop an independent expectation of the assumptions. The firm did not have a reasonable basis for its expectation because it did not evaluate the relevance of the industry information it used in developing its expectation. (AS 1105.04 and .06; 2501.16) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2501 16 The firm's approach for substantively testing the reasonableness of certain assumptions the issuer used to estimate the ACL was to review and test the issuer's process. The firm's procedures were limited to comparing these assumptions to those used in the prior year and inquiring of management about significant variances. Further the firm's approach for testing certain other assumptions the issuer used to estimate the ACL was to develop an independent expectation of the assumptions. The firm did not have a reasonable basis for its expectation because it did not evaluate the relevance of the industry information it used in developing its expectation. (AS 1105.04 and .06; 2501.16) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2201 42 The firm selected for testing a control that included the issuer's review of the fair values of investments. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these fair values. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2201 44 The firm selected for testing a control that included the issuer's review of the fair values of investments. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these fair values. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control over the issuer's review of certain contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the allocation of revenue to separate performance obligations was based on standalone selling prices. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control over the issuer's review of certain contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the allocation of revenue to separate performance obligations was based on standalone selling prices. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2021 United States 2022-11-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 For certain revenue the firm selected a sample of revenue transactions for testing. The firm did not perform any substantive procedures to evaluate whether the issuer's allocation of revenue to separate performance obligations was based on standalone selling prices. (AS 2301.08) Annually Inspected 925 Cohen & Company, Ltd. 2021 United States 2022-11-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments 1 AS 2502 40 The issuer held certain investments that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm's approach for substantively testing the valuation of these investments was to develop independent estimates. The firm did not evaluate the relevance of the pricing information and the appropriateness of another input the firm used in developing its fair value estimates of these investments. (AS 2502.40) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 1 AS 2201 39 The issuer reported a reserve for inventory. The firm did not identify and test any controls over the appropriateness of the method and certain assumptions used to determine the reserve. (AS 2201.39) In connection with our review the issuer reevaluated its accounting for the reserve for inventory and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the reserve for inventory and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 2 AS 2201 42 The issuer reported a reserve for inventory. The firm selected for testing a control that included a review of certain assumptions used to determine the reserve for individual inventory items. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its accounting for the reserve for inventory and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the reserve for inventory and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 2 AS 2201 44 The issuer reported a reserve for inventory. The firm selected for testing a control that included a review of certain assumptions used to determine the reserve for individual inventory items. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its accounting for the reserve for inventory and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the reserve for inventory and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 3 AS 2501 10 With respect to Inventory the firm's approach for substantively testing the reserve was to test the issuer's process. The firm did not perform any procedures to evaluate whether the method used to develop the reserve was appropriate. (AS 2501.10) In connection with our review the issuer reevaluated its accounting for the reserve for inventory and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the reserve for inventory and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 4 AS 2501 16 With respect to Inventory the firm's approach for substantively testing the reserve was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions beyond inquiry and performing a retrospective analysis. (AS 2501.16) In connection with our review the issuer reevaluated its accounting for the reserve for inventory and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the reserve for inventory and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 5 AS 2201 42 The issuer reported revenue from the sale of products. The following deficiencies were identified: - The firm selected for testing a control that included reviews of product pricing. The firm did not evaluate the review procedures that certain of the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. Further the firm did not test the design and operating effectiveness of another aspect of this control. (AS 2201.42 and .44) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 5 AS 2201 44 The issuer reported revenue from the sale of products. The following deficiencies were identified: - The firm selected for testing a control that included reviews of product pricing. The firm did not evaluate the review procedures that certain of the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. Further the firm did not test the design and operating effectiveness of another aspect of this control. (AS 2201.42 and .44) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 6 AS 2201 42 The issuer reported revenue from the sale of products. The following deficiencies were identified: - The firm selected for testing a control that included the review of price overrides. The firm did not test the specific review procedures that the control owner performed to evaluate the appropriateness of price changes. (AS 2201.42 and .44) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 6 AS 2201 44 The issuer reported revenue from the sale of products. The following deficiencies were identified: - The firm selected for testing a control that included the review of price overrides. The firm did not test the specific review procedures that the control owner performed to evaluate the appropriateness of price changes. (AS 2201.42 and .44) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 7 AS 2201 39 The issuer reported revenue from the sale of products. The following deficiencies were identified: - The firm did not identify and test any controls over the accuracy and completeness of information used in the operation of one of the above controls and another control over the review of journal entries related to revenue. (AS 2201.39) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 8 AS 2301 16 The sample size the firm used in its substantive procedures to test product revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 8 AS 2301 18 The sample size the firm used in its substantive procedures to test product revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 8 AS 2301 37 The sample size the firm used in its substantive procedures to test product revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 8 AS 2315 19 The sample size the firm used in its substantive procedures to test product revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 8 AS 2315 23 The sample size the firm used in its substantive procedures to test product revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 8 AS 2315 23A The sample size the firm used in its substantive procedures to test product revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 9 AS 2201 39 The issuer also reported revenue from the performance of services. The firm did not identify and test any controls over the satisfaction of performance obligations for this revenue. (AS 2201.39) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 10 AS 2301 16 The sample size the firm used in its substantive procedures to test service revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 10 AS 2301 18 The sample size the firm used in its substantive procedures to test service revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 10 AS 2301 37 The sample size the firm used in its substantive procedures to test service revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 10 AS 2315 19 The sample size the firm used in its substantive procedures to test service revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 10 AS 2315 23 The sample size the firm used in its substantive procedures to test service revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 10 AS 2315 23A The sample size the firm used in its substantive procedures to test service revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan and Lease Losses 1 AS 2201 39 The issuer reported certain loans for which the borrowers were provided temporary payment relief under the law. The issuer identified that one borrower did not make any subsequent payments on a loan for which it had previously been provided payment relief. As a result the issuer determined that the value of this loan was dependent on the underlying collateral. The issuer estimated the fair value of the loan's collateral and recorded a specific provision within the ALLL. The following deficiencies were identified: - The firm did not identify and test any controls that addressed the valuation of loans for which the borrowers had received temporary payment relief under the law. (AS 2201.39) Unrelated to our review the issuer received additional information concerning the value of the collateral for the above loan and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the valuation of similar loans and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report to include this material weakness. Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan and Lease Losses 2 AS 2501 7 The issuer reported certain loans for which the borrowers were provided temporary payment relief under the law. The issuer identified that one borrower did not make any subsequent payments on a loan for which it had previously been provided payment relief. As a result the issuer determined that the value of this loan was dependent on the underlying collateral. The issuer estimated the fair value of the loan's collateral and recorded a specific provision within the ALLL. The following deficiencies were identified: - The firm did not perform procedures beyond obtaining the issuer's analysis to test the reasonableness of this specific provision. (AS 2501.07) Unrelated to our review the issuer received additional information concerning the value of the collateral for the above loan and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the valuation of similar loans and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report to include this material weakness. [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan and Lease Losses 3 AS 2201 39 The issuer's ALLL included a reserve for loans collectively evaluated for impairment. This reserve included a component that was determined by using certain qualitative factors. The following deficiencies were identified: - The firm selected for testing controls that consisted of the issuer's reviews of the ALLL. The firm did not identify and test any controls over the accuracy and completeness of certain data and/or reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan and Lease Losses 4 AS 2201 42 The issuer's ALLL included a reserve for loans collectively evaluated for impairment. This reserve included a component that was determined by using certain qualitative factors. The following deficiencies were identified: - The firm selected for testing controls that consisted of the issuer's review of the qualitative component of the ALLL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the basis point adjustments for the qualitative factors. (AS 2201.42 and .44) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan and Lease Losses 4 AS 2201 44 The issuer's ALLL included a reserve for loans collectively evaluated for impairment. This reserve included a component that was determined by using certain qualitative factors. The following deficiencies were identified: - The firm selected for testing controls that consisted of the issuer's review of the qualitative component of the ALLL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the basis point adjustments for the qualitative factors. (AS 2201.42 and .44) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan and Lease Losses 5 AS 2501 9 The issuer's ALLL included a reserve for loans collectively evaluated for impairment. This reserve included a component that was determined by using certain qualitative factors. The following deficiencies were identified: - The firm's approach for substantively testing the reserve was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of certain basis points that were applied to determine the qualitative component beyond comparing these basis points to the basis points that were applied in prior years and concluding on their overall reasonableness. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan and Lease Losses 5 AS 2501 10 The issuer's ALLL included a reserve for loans collectively evaluated for impairment. This reserve included a component that was determined by using certain qualitative factors. The following deficiencies were identified: - The firm's approach for substantively testing the reserve was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of certain basis points that were applied to determine the qualitative component beyond comparing these basis points to the basis points that were applied in prior years and concluding on their overall reasonableness. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan and Lease Losses 5 AS 2501 11 The issuer's ALLL included a reserve for loans collectively evaluated for impairment. This reserve included a component that was determined by using certain qualitative factors. The firm's approach for substantively testing the reserve was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of certain basis points that were applied to determine the qualitative component beyond comparing these basis points to the basis points that were applied in prior years and concluding on their overall reasonableness. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The issuer's general reserve component of the ALL included a qualitative reserve. For each of the qualitative factors evaluated in determining the reserve the issuer assigned a risk level and then assigned basis point adjustments based on the risk level. The firm selected for testing several controls over the review of the ALL. The firm did not evaluate the specific review procedures the control owners performed to evaluate the reasonableness of the risk levels and related basis point adjustments. (AS 2201.42 and .44) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The issuer's general reserve component of the ALL included a qualitative reserve. For each of the qualitative factors evaluated in determining the reserve the issuer assigned a risk level and then assigned basis point adjustments based on the risk level. The firm selected for testing several controls over the review of the ALL. The firm did not evaluate the specific review procedures the control owners performed to evaluate the reasonableness of the risk levels and related basis point adjustments. (AS 2201.42 and .44) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Goodwill 2 AS 2201 42 With respect to the Goodwill the issuer performed a qualitative assessment to determine whether or not a triggering event had occurred. The firm selected for testing a control that included a review of this assessment. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the occurrence of the triggering events. (AS 2201.42 and .44) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Goodwill 2 AS 2201 44 With respect to the Goodwill the issuer performed a qualitative assessment to determine whether or not a triggering event had occurred. The firm selected for testing a control that included a review of this assessment. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the occurrence of the triggering events. (AS 2201.42 and .44) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 4 The firm did not perform sufficient procedures to test the reliability of reports obtained from the issuer's franchisees that it used in its substantive procedures because it limited its procedures to performing a walkthrough of the issuer's process to access the reports and vouching certain transactions. (AS 1105.04 and .06) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 6 The firm did not perform sufficient procedures to test the reliability of reports obtained from the issuer's franchisees that it used in its substantive procedures because it limited its procedures to performing a walkthrough of the issuer's process to access the reports and vouching certain transactions. (AS 1105.04 and .06) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2310 29 The firm selected for confirmation a sample of revenue transactions. The firm emailed the franchisees the confirmation request and received electronic responses. The firm did not consider performing procedures to address the risk associated with electronic responses beyond verifying the correspondent's name was consistent with the authorized respondent's name. (AS 2310.29) Triennially Inspected 23 Baker Tilly US, LLP 2021 United States 2022-11-07T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Business Combination 1 AS 2501 16 During the year the issuer acquired a business including an intangible asset. The issuer developed assumptions to determine the fair value of the acquired intangible asset. The firm did not perform procedures beyond inquiry of management to evaluate the reasonableness of a significant assumption. (AS 2501.16) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of an IFRS departure related to the valuation of certain inventory. (AS 2810.30) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 9 The firm's approach for substantively testing the reserve for excess and slow moving inventory included developing an independent expectation of the issuer's net inventory including finished goods inventory and work-in-process inventory. The firm developed its expectation using gross revenue data for the last three months of the year the period of which was consistent with the return period for finished goods inventory. The firm did not perform procedures to support the appropriateness of using three months of gross revenue as the basis for developing its expectation of net inventory. (AS 2501.09 .10 and .12) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 10 The firm's approach for substantively testing the reserve for excess and slow moving inventory included developing an independent expectation of the issuer's net inventory including finished goods inventory and work-in-process inventory. The firm developed its expectation using gross revenue data for the last three months of the year the period of which was consistent with the return period for finished goods inventory. The firm did not perform procedures to support the appropriateness of using three months of gross revenue as the basis for developing its expectation of net inventory. (AS 2501.09 .10 and .12) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 12 The firm's approach for substantively testing the reserve for excess and slow moving inventory included developing an independent expectation of the issuer's net inventory including finished goods inventory and work-in-process inventory. The firm developed its expectation using gross revenue data for the last three months of the year the period of which was consistent with the return period for finished goods inventory. The firm did not perform procedures to support the appropriateness of using three months of gross revenue as the basis for developing its expectation of net inventory. (AS 2501.09 .10 and .12) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets 1 AS 2201 42 The issuer identified indicators of potential impairment and performed an impairment analysis for each cash-generating unit. The firm selected for testing a control that consisted of the issuer's review of the carrying value and recoverable amount calculation used in the impairment analysis. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the carrying value and recoverable amount calculation used in these analyses. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill and Intangible Assets 1 AS 2201 44 The issuer identified indicators of potential impairment and performed an impairment analysis for each cash-generating unit. The firm selected for testing a control that consisted of the issuer's review of the carrying value and recoverable amount calculation used in the impairment analysis. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the carrying value and recoverable amount calculation used in these analyses. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 3 The issuer entered into a contract with a customer in which revenue was recognized on a gross or net basis depending on the nature of the sales transactions and terms of the contract. In its testing the firm identified evidence indicating that revenue from certain sales transactions recognized on a net basis may have met the criteria prescribed in International Financial Reporting Standard 15 Revenue from Contracts with Customers ('IFRS 15') for recognition on a gross basis. The firm did not perform any substantive procedures to evaluate (1) this contradictory evidence and the related effect on revenue recognition and (2) whether the issuer's recognition of revenue from these transactions was in conformity with IFRS 15. (AS 2810.03 and .30) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 30 The issuer entered into a contract with a customer in which revenue was recognized on a gross or net basis depending on the nature of the sales transactions and terms of the contract. In its testing the firm identified evidence indicating that revenue from certain sales transactions recognized on a net basis may have met the criteria prescribed in International Financial Reporting Standard 15 Revenue from Contracts with Customers ('IFRS 15') for recognition on a gross basis. The firm did not perform any substantive procedures to evaluate (1) this contradictory evidence and the related effect on revenue recognition and (2) whether the issuer's recognition of revenue from these transactions was in conformity with IFRS 15. (AS 2810.03 and .30) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 For loans that were collectively evaluated for impairment the issuer estimated the ALL using models and methodologies based on assumptions judgment and other data and applying certain post-model adjustments. The issuer determined post-model adjustments by comparing the model to a benchmark and/or considering data for each loan portfolio. The following deficiencies were identified: - The firm selected for testing a control that consisted of the issuer's review of the post-model adjustments for each loan portfolio. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness and reasonableness of certain post-model adjustments. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 For loans that were collectively evaluated for impairment the issuer estimated the ALL using models and methodologies based on assumptions judgment and other data and applying certain post-model adjustments. The issuer determined post-model adjustments by comparing the model to a benchmark and/or considering data for each loan portfolio. The following deficiencies were identified: - The firm selected for testing a control that consisted of the issuer's review of the post-model adjustments for each loan portfolio. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness and reasonableness of certain post-model adjustments. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 39 For loans that were collectively evaluated for impairment the issuer estimated the ALL using models and methodologies based on assumptions judgment and other data and applying certain post-model adjustments. The issuer determined post-model adjustments by comparing the model to a benchmark and/or considering data for each loan portfolio. The following deficiencies were identified: - The firm selected for testing a control that consisted of the issuer's review of the post-model adjustments for each loan portfolio. The firm did not identify and test any controls over the (1) methods and assumptions used by the issuer to determine the benchmarks used in the operation of this control and (2) accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 For loans that were collectively evaluated for impairment the issuer estimated the ALL using models and methodologies based on assumptions judgment and other data and applying certain post-model adjustments. The issuer determined post-model adjustments by comparing the model to a benchmark and/or considering data for each loan portfolio. The following deficiencies were identified: - The firm selected for testing another control that consisted of the issuer's annual review of the appropriateness of the assumptions used in the model for each loan portfolio. The firm did not identify that this control was not designed to allow the issuer to evaluate whether certain factors would have an effect on the issuer's models due to the frequency and timing in which this control operated. (AS 2201.42) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 9 For loans that were collectively evaluated for impairment the issuer estimated the ALL using models and methodologies based on assumptions judgment and other data and applying certain post-model adjustments. The issuer determined post-model adjustments by comparing the model to a benchmark and/or considering data for each loan portfolio. The following deficiencies were identified: - The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the (1) methods and assumptions used by the issuer to determine the benchmarks and (2) assumptions used by the issuer to develop certain post-model adjustments both of which were used by the issuer to determine the ALL. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 10 For loans that were collectively evaluated for impairment the issuer estimated the ALL using models and methodologies based on assumptions judgment and other data and applying certain post-model adjustments. The issuer determined post-model adjustments by comparing the model to a benchmark and/or considering data for each loan portfolio. The following deficiencies were identified: - The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the (1) methods and assumptions used by the issuer to determine the benchmarks and (2) assumptions used by the issuer to develop certain post-model adjustments both of which were used by the issuer to determine the ALL. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 11 For loans that were collectively evaluated for impairment the issuer estimated the ALL using models and methodologies based on assumptions judgment and other data and applying certain post-model adjustments. The issuer determined post-model adjustments by comparing the model to a benchmark and/or considering data for each loan portfolio. The following deficiencies were identified: - The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the (1) methods and assumptions used by the issuer to determine the benchmarks and (2) assumptions used by the issuer to develop certain post-model adjustments both of which were used by the issuer to determine the ALL. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Goodwill 1 AS 2201 42 The firm selected for testing controls that consisted of the issuer's reviews of forecasts and certain assumptions used in the annual goodwill impairment analyses. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the forecasts and certain assumptions used in these analyses. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Goodwill 1 AS 2201 44 The firm selected for testing controls that consisted of the issuer's reviews of forecasts and certain assumptions used in the annual goodwill impairment analyses. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the forecasts and certain assumptions used in these analyses. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2021 Canada KPMG International Cooperative 2022-11-07T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Goodwill 2 AS 2201 39 The firm selected for testing controls that consisted of the issuer's reviews of forecasts and certain assumptions used in the annual goodwill impairment analyses. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of one of these controls. (AS 2201.39) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 1105 A8a In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for the warrants. The firm's approach for substantively testing the fair values of these warrants was to test the issuer's process. The firm did not evaluate the relevance and reliability of data the company's specialist obtained from an external source and used to develop a significant assumption. (AS 1105.A8a) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 3 AS 1105 A8b Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for the warrants. The firm's approach for substantively testing the fair values of these warrants was to test the issuer's process. The firm did not evaluate the reasonableness of this significant assumption including whether it was consistent with relevant information. (AS 1105.A8b) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 4 AS 2501 16 Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. In its restated financial statements the issuer recorded these warrants as liabilities and engaged a specialist to determine the fair value for the warrants. The firm's approach for substantively testing the fair values of these warrants was to test the issuer's process. The firm also did not evaluate the reasonableness of an assumption that was developed by the issuer and used by the company's specialist. (AS 2501.16) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity 5 AS 2810 30 The firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2501 16 During the year the issuer acquired a controlling interest in a business and engaged a specialist to estimate the fair value of both an acquired intangible asset and the acquired business. The firm's approach for substantively testing the fair value of each was to test the issuer's process. The following deficiencies were identified: - Beyond comparing certain forecasted assumptions to actual results for the period subsequent to the acquisition the firm did not evaluate the reasonableness of certain assumptions provided by the issuer and used by the company's specialist. (AS 2501.16) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 1105 A8b During the year the issuer acquired a controlling interest in a business and engaged a specialist to estimate the fair value of both an acquired intangible asset and the acquired business. The firm's approach for substantively testing the fair value of each was to test the issuer's process. The following deficiencies were identified: - The firm did not evaluate the reasonableness of certain assumptions developed by the company's specialist including the consistency of these assumptions with relevant information. (AS 1105.A8b) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A8a During the year the issuer acquired a controlling interest in a business and engaged a specialist to estimate the fair value of both an acquired intangible asset and the acquired business. The firm's approach for substantively testing the fair value of each was to test the issuer's process. The following deficiencies were identified: - The firm did not sufficiently evaluate the relevance and reliability of certain data from sources external to the issuer that were used by the company's specialist in developing certain assumptions because it limited its procedures to inquiry of the company's specialist and obtaining information from the company's specialist. (AS 1105.A8a) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 2810 30 The issuer used the fair value of the acquired business at the acquisition date to record a goodwill impairment at year end. The following deficiencies were identified: - The firm did not evaluate whether the impairment of goodwill was the result of an error in the initial valuation at the acquisition date. (AS 2810.30) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 2301 8 The issuer used the fair value of the acquired business at the acquisition date to record a goodwill impairment at year end. The following deficiencies were identified: - The firm did not perform procedures to determine whether the fair value of the acquired business at the acquisition date was an appropriate or relevant measurement for use in the goodwill impairment analysis as of year end. (AS 2301.08) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill 6 AS 2810 30 The issuer used the fair value of the acquired business at the acquisition date to record a goodwill impairment at year end. The following deficiencies were identified: - The firm did not identify and appropriately address a GAAP departure related to the issuer's omission of disclosures related to the facts and circumstances leading to the goodwill impairment as required by FASB ASC Topic 350 Intangibles — Goodwill and Other. (AS 2810.30 and .31) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill 6 AS 2810 31 The issuer used the fair value of the acquired business at the acquisition date to record a goodwill impairment at year end. The following deficiencies were identified: - The firm did not identify and appropriately address a GAAP departure related to the issuer's omission of disclosures related to the facts and circumstances leading to the goodwill impairment as required by FASB ASC Topic 350 Intangibles — Goodwill and Other. (AS 2810.30 and .31) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Cash Equivalents 1 AS 2201 42 The firm selected for testing controls over the review of journal entries to record cash equivalents and the presentation and disclosure of cash equivalents. The firm did not evaluate the specific review procedures that the control owners performed to determine the completeness of cash equivalents and whether certain investments met the definition and requirements of cash equivalents. (AS 2201.42 and .44) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Cash Equivalents 1 AS 2201 44 The firm selected for testing controls over the review of journal entries to record cash equivalents and the presentation and disclosure of cash equivalents. The firm did not evaluate the specific review procedures that the control owners performed to determine the completeness of cash equivalents and whether certain investments met the definition and requirements of cash equivalents. (AS 2201.42 and .44) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Cash Equivalents 2 AS 2301 8 The firm did not sufficiently evaluate whether certain investments were appropriately presented as cash equivalents because it did not obtain an understanding of and evaluate the nature of those investments including the underlying investments and the associated risks. (AS 2301.08) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Cash Equivalents 3 AS 2301 8 The firm did not perform any substantive procedures to test whether the description of certain cash equivalents in the notes to the financial statements was appropriate. (AS 2301.08) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Term Investments 4 AS 2201 42 The issuer reported the valuation of certain investments based on investee financial results including both audited and unaudited financial statements and financial statements that were prepared using different accounting principles. The following deficiencies were identified: - The firm selected for testing a control over the valuation of these investments including the review of an impairment analysis of these investments. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Term Investments 4 AS 2201 44 The issuer reported the valuation of certain investments based on investee financial results including both audited and unaudited financial statements and financial statements that were prepared using different accounting principles. The following deficiencies were identified: - The firm selected for testing a control over the valuation of these investments including the review of an impairment analysis of these investments. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Term Investments 5 AS 1105 B3 The issuer reported the valuation of certain investments based on investee financial results including both audited and unaudited financial statements and financial statements that were prepared using different accounting principles. The following deficiencies were identified: - The firm did not apply sufficient auditing procedures to the unaudited financial statements for certain investees because it limited its procedures to a fluctuation analysis. (AS 1105.63) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Term Investments 6 AS 1105 B1 The issuer reported the valuation of certain investments based on investee financial results including both audited and unaudited financial statements and financial statements that were prepared using different accounting principles. The following deficiencies were identified: - The firm did not obtain sufficient appropriate audit evidence for an investee's financial statements prepared using different accounting principles because it did not perform procedures to obtain evidence related to significant differences in accounting principles. (AS 1105.61 and .B2) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Term Investments 6 AS 1105 B2 The issuer reported the valuation of certain investments based on investee financial results including both audited and unaudited financial statements and financial statements that were prepared using different accounting principles. The following deficiencies were identified: - The firm did not obtain sufficient appropriate audit evidence for an investee's financial statements prepared using different accounting principles because it did not perform procedures to obtain evidence related to significant differences in accounting principles. (AS 1105.61 and .B2) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The issuer entered into contracts with certain customers that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. To substantively test revenue the firm selected a sample of invoices and performed procedures. The following deficiencies were identified: - With respect to invoices related to contracts for which all revenue was recognized by year end the firm did not perform procedures to test if the issuer's performance obligations were satisfied before revenue was recognized beyond obtaining issuer-prepared documents. (AS 2301.08) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer entered into contracts with certain customers that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. To substantively test revenue the firm selected a sample of invoices and performed procedures. The following deficiencies were identified: - With respect to invoices related to contracts that were open at year end the firm did not test the accuracy and completeness of certain aspects of schedules used by the issuer to determine the estimated cost for the project or the completeness of reports used to track total cost incurred for the project. (AS 1105.10) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2501 7 The issuer entered into contracts with certain customers that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. To substantively test revenue the firm selected a sample of invoices and performed procedures. The following deficiencies were identified: - The firm did not perform sufficient procedures to test the estimated costs to complete for contracts open at year end because the firm limited its procedures to comparing total actual costs for one contract that was completed subsequent to year end to estimated costs at year end. (AS 2501.07) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2315 17 The issuer entered into contracts with certain customers that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. To substantively test revenue the firm selected a sample of invoices and performed procedures. The following deficiencies were identified: - With respect to testing revenue recognition the firm drew its sample from the population of the issuer's invoices that were not necessarily representative of the revenue recorded during the year. (AS 2315.17) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Equity 1 AS 2810 30 The firm did not identify and appropriately address that the issuer's accounting for certain redeemable shares as permanent equity was not in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Triennially Inspected 206 MaloneBailey, LLP 2021 United States 2022-11-07T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 30 The issuer engaged a manufacturer to produce and distribute certain of its products. The firm did not perform sufficient procedures to evaluate whether the issuer was acting as a principal or as the agent for this revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. Specifically in its evaluation the firm did not evaluate (1) the insurable risk of inventory (2) the manufacturer's discretion to set minimum prices for inventory sold to the issuer's customers and (3) the manufacturer's responsibility for honoring the limited warranty extended to the issuer's customers. (AS 2810.30) Triennially Inspected 457 Haynie & Company 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2510 11 The firm did not obtain sufficient appropriate audit evidence with regard to the issuer's inventory cycle-count procedures. Specifically the firm did not obtain an understanding of the issuer's cycle-count process test the sampling methodology and selection parameters used by the issuer or perform other procedures to evaluate whether the issuer's cycle-count procedures were sufficiently reliable to produce results substantially the same as those which would be obtained by a count of all items during the year. (AS 2510.11) Triennially Inspected 523 Mitchell & Titus, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 1 AS 2601 16 The firm's approach to testing participant and employer contributions included the use of data from a service organization which processed employee and payroll data (collectively 'data') and reliance on controls at the service organization. The service auditor's report for the service organization contained a qualified opinion because controls were not operating effectively to achieve a control objective related to data quality management. The firm did not evaluate whether the service auditor's report provided sufficient appropriate audit evidence to support the firm's reliance on service organization's controls because of the qualified opinion. (AS 2601.16) Triennially Inspected 523 Mitchell & Titus, LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 2 AS 2601 14 The firm's approach to testing participant and employer contributions included the use of data from a service organization which processed employee and payroll data (collectively 'data') and reliance on controls at the service organization. The service auditor's report for the service organization contained a qualified opinion because controls were not operating effectively to achieve a control objective related to data quality management. The firm did not test relevant complementary user entity controls identified in the service auditor's report associated with certain control objectives related to ensuring accurate and complete data. (AS 2601.14) Triennially Inspected 820 Ramirez Jimenez International CPA's 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The issuer recognized revenue from contracts based on certain inputs. The firm did not perform any procedures to test the specific inputs used by the issuer in recognizing revenue. (AS 2301.08) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2021 South Korea PricewaterhouseCoopers International Limited 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer held a portfolio of investment securities which were carried at fair value. The issuer recorded the fair value of certain investment securities based on prices it obtained from external pricing agencies. The following deficiencies were identified: - The firm did not identify and test any controls over the reasonableness of the prices obtained from external pricing agencies used by the issuer to determine the valuation of certain investment securities. (AS 2201.39) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2021 South Korea PricewaterhouseCoopers International Limited 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2301 16 The issuer held a portfolio of investment securities which were carried at fair value. The issuer recorded the fair value of certain investment securities based on prices it obtained from external pricing agencies. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the valuation of certain investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2021 South Korea PricewaterhouseCoopers International Limited 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2301 18 The issuer held a portfolio of investment securities which were carried at fair value. The issuer recorded the fair value of certain investment securities based on prices it obtained from external pricing agencies. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the valuation of certain investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2021 South Korea PricewaterhouseCoopers International Limited 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2301 37 The issuer held a portfolio of investment securities which were carried at fair value. The issuer recorded the fair value of certain investment securities based on prices it obtained from external pricing agencies. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the valuation of certain investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2021 South Korea PricewaterhouseCoopers International Limited 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2315 19 The issuer held a portfolio of investment securities which were carried at fair value. The issuer recorded the fair value of certain investment securities based on prices it obtained from external pricing agencies. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the valuation of certain investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2021 South Korea PricewaterhouseCoopers International Limited 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2315 23 The issuer held a portfolio of investment securities which were carried at fair value. The issuer recorded the fair value of certain investment securities based on prices it obtained from external pricing agencies. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the valuation of certain investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2021 South Korea PricewaterhouseCoopers International Limited 2022-11-07T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2315 23A The issuer held a portfolio of investment securities which were carried at fair value. The issuer recorded the fair value of certain investment securities based on prices it obtained from external pricing agencies. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the valuation of certain investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1395 PricewaterhouseCoopers Accountants N.V. 2021 Netherlands PricewaterhouseCoopers International Limited 2022-11-07T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Goodwill and Intangible Assets 1 AS 2201 42 During the year under audit the issuer identified certain impairment indicators and evaluated goodwill and intangible assets for impairment. The firm did not test any controls over management's periodic evaluation of goodwill and intangible assets for impairment when there were indicators of impairment present. (AS 2201.42 and .44) Triennially Inspected 1395 PricewaterhouseCoopers Accountants N.V. 2021 Netherlands PricewaterhouseCoopers International Limited 2022-11-07T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Goodwill and Intangible Assets 1 AS 2201 44 During the year under audit the issuer identified certain impairment indicators and evaluated goodwill and intangible assets for impairment. The firm did not test any controls over management's periodic evaluation of goodwill and intangible assets for impairment when there were indicators of impairment present. (AS 2201.42 and .44) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm's substantive procedures to test revenue consisted of (1) testing a sample of revenue transactions and (2) performing substantive analytical procedures. The following deficiencies were identified: - For certain selected transactions the firm did not perform sufficient procedures because it limited its testing to comparing transactions to issuer-prepared information. (AS 2301.08) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 13 The firm's substantive procedures to test revenue consisted of (1) testing a sample of revenue transactions and (2) performing substantive analytical procedures. The following deficiencies were identified: - The firm did not perform any procedures to address an identified fraud risk related to revenue cut-off. (AS 2301.13) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2305 16 The firm's substantive procedures to test revenue consisted of (1) testing a sample of revenue transactions and (2) performing substantive analytical procedures. The following deficiencies were identified: - The firm's analytical procedures consisted of developing an expectation of revenue. The firm did not (1) test or in the alternative identify and test any controls over the accuracy and completeness of certain data it used to develop its expectations (2) develop expectations at a level of precision that provided the desired level of assurance that differences that could be potential material misstatements individually or in the aggregate would be identified for investigation and (3) establish a threshold for investigation of differences from expectations. (AS 2305.16 .17 and .20) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2305 17 The firm's substantive procedures to test revenue consisted of (1) testing a sample of revenue transactions and (2) performing substantive analytical procedures. The following deficiencies were identified: - The firm's analytical procedures consisted of developing an expectation of revenue. The firm did not (1) test or in the alternative identify and test any controls over the accuracy and completeness of certain data it used to develop its expectations (2) develop expectations at a level of precision that provided the desired level of assurance that differences that could be potential material misstatements individually or in the aggregate would be identified for investigation and (3) establish a threshold for investigation of differences from expectations. (AS 2305.16 .17 and .20) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2305 20 The firm's substantive procedures to test revenue consisted of (1) testing a sample of revenue transactions and (2) performing substantive analytical procedures. The following deficiencies were identified: - The firm's analytical procedures consisted of developing an expectation of revenue. The firm did not (1) test or in the alternative identify and test any controls over the accuracy and completeness of certain data it used to develop its expectations (2) develop expectations at a level of precision that provided the desired level of assurance that differences that could be potential material misstatements individually or in the aggregate would be identified for investigation and (3) establish a threshold for investigation of differences from expectations. (AS 2305.16 .17 and .20) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of a GAAP departure related to the omission of required disclosures under FASB ASC Subtopic 606-10-50 Revenue from Contracts with Customers— Overall — Disclosure and ASC Subtopic 235-10-50 Notes to Financial Statements — Overall — Disclosure including an accounting policy disclosure. (AS 2810.30 and .31) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of a GAAP departure related to the omission of required disclosures under FASB ASC Subtopic 606-10-50 Revenue from Contracts with Customers— Overall — Disclosure and ASC Subtopic 235-10-50 Notes to Financial Statements — Overall — Disclosure including an accounting policy disclosure. (AS 2810.30 and .31) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction 5 AS 2301 8 The firm did not test certain related party transactions. Specifically the procedures performed to evaluate the completeness and accuracy of the financial statement disclosures about interest and accrued wages payable to a related party as well as obtaining a confirmation from the related party were performed after the issuance of the auditor's report. (AS 2301.08) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction 6 AS 2301 8 The issuer had certain loans that were due to a related party. The following deficiencies were identified: - The firm did not perform any procedures to evaluate the nature and terms of these loans. In addition the firm did not perform certain auditing procedures including procedures to evaluate the completeness and accuracy of the financial statement disclosures and obtaining signed copies of the loan agreements until after the issuance of the auditor's report. (AS 2301.08; AS 2410.12) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction 6 AS 2410 12 The issuer had certain loans that were due to a related party. The following deficiencies were identified: - The firm did not perform any procedures to evaluate the nature and terms of these loans. In addition the firm did not perform certain auditing procedures including procedures to evaluate the completeness and accuracy of the financial statement disclosures and obtaining signed copies of the loan agreements until after the issuance of the auditor's report. (AS 2301.08; AS 2410.12) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction 7 AS 2410 17 The issuer had certain loans that were due to a related party. The following deficiencies were identified: - The firm did not evaluate whether a significant transaction associated with these loans was accounted for in conformity with GAAP. (AS 2410.17; AS 2810.30) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction 7 AS 2810 30 The issuer had certain loans that were due to a related party. The following deficiencies were identified: - The firm did not evaluate whether a significant transaction associated with these loans was accounted for in conformity with GAAP. (AS 2410.17; AS 2810.30) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction 8 AS 2301 8 The issuer had certain loans that were due to a related party. The following deficiencies were identified: - The firm did not perform any procedures to test the activity and year-end amounts of certain accounts associated with these loans. (AS 2301.08) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 9 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 10 AS 2810 17 The firm identified uncorrected statements in the current and prior year audits. The firm did not evaluate whether the uncorrected misstatements were material individually or in combination with other misstatements including (1) the effects of the uncorrected misstatements on the specific accounts and disclosures involved (2) the effects of the misstatements identified in the prior year on the current year financial statements and (3) the effects of misstatements detected in the current year that relate to prior years. (AS 2810.17 and .18) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 10 AS 2810 18 The firm identified uncorrected statements in the current and prior year audits. The firm did not evaluate whether the uncorrected misstatements were material individually or in combination with other misstatements including (1) the effects of the uncorrected misstatements on the specific accounts and disclosures involved (2) the effects of the misstatements identified in the prior year on the current year financial statements and (3) the effects of misstatements detected in the current year that relate to prior years. (AS 2810.17 and .18) Triennially Inspected 2121 SW Audit 2021 Australia 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Subsequent Events 11 AS 2301 8 The firm did not test certain subsequent event transactions disclosed in the financial statements prior to the issuance of the auditor's report. Specifically the procedures performed to test the subsequent event transactions to third party supporting documentation were performed after the issuance of the auditor's report. (AS 2301.08) Triennially Inspected 5854 TAAD LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Cash 1 AS 1105 4 To test the existence of cash held in a bank located in another country the firm observed issuer personnel via video conference log into a bank portal and inspect a screenshot of the account balances. The firm did not perform any procedures to evaluate the relevance and reliability of this audit evidence. (AS 1105.04 and .06) Triennially Inspected 5854 TAAD LLP 2021 United States 2022-11-07T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Cash 1 AS 1105 6 To test the existence of cash held in a bank located in another country the firm observed issuer personnel via video conference log into a bank portal and inspect a screenshot of the account balances. The firm did not perform any procedures to evaluate the relevance and reliability of this audit evidence. (AS 1105.04 and .06) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 With respect to work-in-process inventory at one of the issuer's business units which the firm designated as subject to more extensive audit procedures the following deficiencies were identified: • The firm did not identify and test any controls over this inventory. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 8 With respect to work-in-process inventory at one of the issuer's business units which the firm designated as subject to more extensive audit procedures the following deficiencies were identified: • The firm did not perform any substantive procedures to test this inventory. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The firm designated certain of the issuer's other business units as subject to less extensive audit procedures. With respect to these business units the firm selected for testing a control that included quarterly reviews of financial information including inventory. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The firm designated certain of the issuer's other business units as subject to less extensive audit procedures. With respect to these business units the firm selected for testing a control that included quarterly reviews of financial information including inventory. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer performed cycle counts of certain inventory held at various locations. The firm selected for testing a control that consisted of the issuer's reviews of the cycle-count results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer performed cycle counts of certain inventory held at various locations. The firm selected for testing a control that consisted of the issuer's reviews of the cycle-count results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 39 The issuer performed cycle counts of certain inventory held at various locations. The firm selected for testing a control that consisted of the issuer's reviews of the cycle-count results. The firm did not identify and test any controls over the accuracy and completeness of the reports that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 42 The firm selected for testing controls that consisted of the issuer's validation of the models that the issuer used to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. As part of the review to validate these models the control owners performed various tests of (1) the models such as sensitivity analyses and benchmark comparisons to other models and (2) the data used to develop the models and any underlying assumptions. The firm did not evaluate the specific review procedures that the control owners performed to (1) conduct and evaluate the results of these tests and (2) verify the accuracy and completeness of the data the control owners used in these tests. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 44 The firm selected for testing controls that consisted of the issuer's validation of the models that the issuer used to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. As part of the review to validate these models the control owners performed various tests of (1) the models such as sensitivity analyses and benchmark comparisons to other models and (2) the data used to develop the models and any underlying assumptions. The firm did not evaluate the specific review procedures that the control owners performed to (1) conduct and evaluate the results of these tests and (2) verify the accuracy and completeness of the data the control owners used in these tests. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A E No ICFR audit only Audits with a single deficiency Derivatives 1 AS 2201 42 The issuer used models to value certain derivatives. The firm selected for testing a control that consisted of the issuer's review of the fair values determined by these models. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of the resulting fair values for certain of these derivatives. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A E No ICFR audit only Audits with a single deficiency Derivatives 1 AS 2201 44 The issuer used models to value certain derivatives. The firm selected for testing a control that consisted of the issuer's review of the fair values determined by these models. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of the resulting fair values for certain of these derivatives. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A F No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 42 The issuer generated certain revenue from the sale of electricity. The firm selected for testing a control over the volumes of electricity delivered that consisted of the issuer's comparison of adjusted monthly volumes to the corresponding prior-period adjusted volumes. The firm did not test the aspect of this control that addressed the accuracy and completeness of the information the issuer used to calculate the adjustments to the volumes delivered. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A F No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 44 The issuer generated certain revenue from the sale of electricity. The firm selected for testing a control over the volumes of electricity delivered that consisted of the issuer's comparison of adjusted monthly volumes to the corresponding prior-period adjusted volumes. The firm did not test the aspect of this control that addressed the accuracy and completeness of the information the issuer used to calculate the adjustments to the volumes delivered. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 1105 4 In evaluating whether there was substantial doubt about the issuer's ability to continue as a going concern the firm did not sufficiently test the reliability of the issuer's forecasted cash outflows that the firm used in its evaluation. The firm compared the forecasted cash outflows to the issuer's current-year cash outflows adjusted for certain one-time charges but did not perform any procedures to evaluate whether those adjusted current-year cash outflows would be representative of future cash outflows. Further the firm also considered in its evaluation the amount of credit that the issuer expected to have available but did not perform any procedures to evaluate whether this expected amount was reasonable. (AS 1105.04 and .06; AS 2415.03) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 1105 6 In evaluating whether there was substantial doubt about the issuer's ability to continue as a going concern the firm did not sufficiently test the reliability of the issuer's forecasted cash outflows that the firm used in its evaluation. The firm compared the forecasted cash outflows to the issuer's current-year cash outflows adjusted for certain one-time charges but did not perform any procedures to evaluate whether those adjusted current-year cash outflows would be representative of future cash outflows. Further the firm also considered in its evaluation the amount of credit that the issuer expected to have available but did not perform any procedures to evaluate whether this expected amount was reasonable. (AS 1105.04 and .06; AS 2415.03) Annually Inspected 34 Deloitte & Touche LLP 2021 United States Deloitte Touche Tohmatsu Limited 2022-11-04T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 2415 3 In evaluating whether there was substantial doubt about the issuer's ability to continue as a going concern the firm did not sufficiently test the reliability of the issuer's forecasted cash outflows that the firm used in its evaluation. The firm compared the forecasted cash outflows to the issuer's current-year cash outflows adjusted for certain one-time charges but did not perform any procedures to evaluate whether those adjusted current-year cash outflows would be representative of future cash outflows. Further the firm also considered in its evaluation the amount of credit that the issuer expected to have available but did not perform any procedures to evaluate whether this expected amount was reasonable. (AS 1105.04 and .06; AS 2415.03) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer accounted for certain of its inventory under the first-in first-out (FIFO) method of accounting. The firm selected for testing an automated control over the issuer's inventory management system. The firm did not evaluate and test whether this automated control addressed the risk that the inventory management system was appropriately configured to apply the FIFO method of accounting to the inventory. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer accounted for certain of its inventory under the first-in first-out (FIFO) method of accounting. The firm selected for testing an automated control over the issuer's inventory management system. The firm did not evaluate and test whether this automated control addressed the risk that the inventory management system was appropriately configured to apply the FIFO method of accounting to the inventory. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 The issuer performed cycle counts of inventory at certain of the issuer's locations. The firm selected for testing controls that consisted of the issuer's cycle-count procedures and reviews of reports to monitor the frequency and accuracy of the counts. The firm did not identify and test any controls over the accuracy and/or completeness of the system-generated reports the issuer used in the operation of its cycle-count monitoring controls. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2510 11 Due to the deficiency discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of the reserve for excess and obsolete inventory. The firm did not identify and test any controls over the accuracy of the system-generated report the issuer used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 1105 10 The firm did not perform substantive procedures to test or in the alternative identify and test any controls over the accuracy of the system-generated report that the firm used in its substantive testing of the reserve for excess and obsolete inventory. (AS 1105.10) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 For certain revenue the issuer provided qualified customers with volume rebates that it estimated based on historical sales data. The firm selected for testing a control that consisted of the recalculation and reconciliation to the general ledger of these rebates. The firm did not identify and test any controls over the accuracy and completeness of the historical sales data used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 The firm did not perform substantive procedures to test or in the alternative identify and test any controls over the accuracy and completeness of the historical sales data that the firm used in its substantive testing of the volume rebates. (AS 1105.10) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test the volume rebates was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test the volume rebates was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test the volume rebates was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test the volume rebates was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test the volume rebates was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test the volume rebates was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 9 AS 2201 39 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate whether the issuer had implemented the appropriate complementary user entity controls to meet the control objectives stated in the service auditor's report. (AS 2201.39 and .B22) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 9 AS 2201 B22 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate whether the issuer had implemented the appropriate complementary user entity controls to meet the control objectives stated in the service auditor's report. (AS 2201.39 and .B22) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 10 AS 2201 42 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owner performed to determine whether the sub-service organizations discussed in the service auditor's report were relevant to the issuer. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 10 AS 2201 44 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owner performed to determine whether the sub-service organizations discussed in the service auditor's report were relevant to the issuer. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 11 AS 2601 7 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate which if any of the subservice organizations discussed in the service auditor's report were relevant to the issuer. (AS 2601.07 - .16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 11 AS 2601 8 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate which if any of the subservice organizations discussed in the service auditor's report were relevant to the issuer. (AS 2601.07 - .16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 11 AS 2601 9 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate which if any of the subservice organizations discussed in the service auditor's report were relevant to the issuer. (AS 2601.07 - .16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 11 AS 2601 10 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate which if any of the subservice organizations discussed in the service auditor's report were relevant to the issuer. (AS 2601.07 - .16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 11 AS 2601 11 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate which if any of the subservice organizations discussed in the service auditor's report were relevant to the issuer. (AS 2601.07 - .16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 11 AS 2601 12 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate which if any of the subservice organizations discussed in the service auditor's report were relevant to the issuer. (AS 2601.07 - .16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 11 AS 2601 13 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate which if any of the subservice organizations discussed in the service auditor's report were relevant to the issuer. (AS 2601.07 - .16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 11 AS 2601 14 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate which if any of the subservice organizations discussed in the service auditor's report were relevant to the issuer. (AS 2601.07 - .16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 11 AS 2601 15 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate which if any of the subservice organizations discussed in the service auditor's report were relevant to the issuer. (AS 2601.07 - .16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 11 AS 2601 16 The issuer used a service organization to manage its deferred compensation plan. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report on the operating effectiveness of the service organization's controls. The following deficiencies were identified: · The firm did not evaluate which if any of the subservice organizations discussed in the service auditor's report were relevant to the issuer. (AS 2601.07 - .16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Asset Retirement Obligations 1 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's ARO. (AS 2301.08) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 2 AS 1105 A3 The issuer estimated certain of its oil and gas reserves using information provided by the issuer's specialists. The following deficiencies were identified: · The firm did not evaluate (1) the knowledge skill and ability of one company specialist and (2) the relationship of the issuer to this specialist. (AS 1105.A3 and A4) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 2 AS 1105 A4 The issuer estimated certain of its oil and gas reserves using information provided by the issuer's specialists. The following deficiencies were identified: · The firm did not evaluate (1) the knowledge skill and ability of one company specialist and (2) the relationship of the issuer to this specialist. (AS 1105.A3 and A4) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 3 AS 1105 A8a The issuer estimated certain of its oil and gas reserves using information provided by the issuer's specialists. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy and completeness of certain issuer-prepared data used by another company specialist. (AS 1105.A8a) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 4 AS 1105 A8a The issuer estimated certain of its oil and gas reserves using information provided by the issuer's specialists. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain data obtained from external sources and used by this specialist. (AS 1105.A8a) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 5 AS 2501 16 The issuer developed undiscounted cash flows for its impairment analysis of unproved properties using various assumptions. The firm did not evaluate the reasonableness of certain significant assumptions the issuer used to develop these cash flows including the issuer's intent and ability to execute certain of its plans. (AS 2501.16 and .17) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 5 AS 2501 17 The issuer developed undiscounted cash flows for its impairment analysis of unproved properties using various assumptions. The firm did not evaluate the reasonableness of certain significant assumptions the issuer used to develop these cash flows including the issuer's intent and ability to execute certain of its plans. (AS 2501.16 and .17) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 6 AS 1105 10 The issuer developed undiscounted cash flows for its impairment analysis of unproved properties using various assumptions. The firm did not test the accuracy and completeness of certain reports the issuer used to develop these cash flows. (AS 1105.10) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 7 AS 2501 16 The firm did not evaluate the reasonableness of certain significant assumptions the issuer used to develop undiscounted cash flows for its impairment analyses and calculation of depreciation depletion and amortization (DDA) expenses for certain proved properties. (AS 2501.16) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 8 AS 2810 30 The firm did not evaluate whether another significant assumption the issuer used to calculate DDA was in conformity with FASB ASC Topic 932 Oil and Gas. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 8 AS 2810 31 The firm did not evaluate whether another significant assumption the issuer used to calculate DDA was in conformity with FASB ASC Topic 932 Oil and Gas. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · For one type of revenue the firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · For one type of revenue the firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The firm selected for testing a control over the annual adjustments to the contract prices that the issuer entered into its revenue system and used to calculate and recognize revenue. The firm did not identify and test any controls over the completeness of certain data that were used in the performance of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The firm selected for testing a control over the annual adjustments to the contract prices that the issuer entered into its revenue system and used to calculate and recognize revenue. The firm did not identify and test any controls over the completeness of certain data that were used in the performance of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 42 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The firm selected for testing a control over the annual adjustments to the contract prices that the issuer entered into its revenue system and used to calculate and recognize revenue. One aspect of this control consisted of the control owner's review of a sample of these pricing adjustments. The firm did not evaluate whether the control was designed to satisfy the issuer's control objective given the high rate of discrepancies the control owner identified in the sample reviewed. (AS 2201.42) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The firm selected for testing a control over the annual adjustments to the contract prices that the issuer entered into its revenue system and used to calculate and recognize revenue. One aspect of this control consisted of the control owner's review of a sample of these pricing adjustments. The firm did not evaluate whether the control was designed to satisfy the issuer's control objective given the high rate of discrepancies the control owner identified in the sample reviewed. (AS 2201.42) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 44 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The firm selected for testing an automated control over the calculation of revenue for this segment by the issuer's billing system. The firm did not test the operating effectiveness of this control for three of the issuer's types of revenue related to this segment. (AS 2201.44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The firm selected for testing an automated control over the calculation of revenue for this segment by the issuer's billing system. The firm did not test the operating effectiveness of this control for three of the issuer's types of revenue related to this segment. (AS 2201.44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2301 16 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 16 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2301 18 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 18 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2301 37 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 37 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 19 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 19 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 23 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2315 23A The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23A The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable for this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 1105 10 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · For the type of revenue subject to the first deficiency discussed above the firm's substantive procedures to test revenue and related accounts receivable consisted of performing tests of details. The firm used certain system-generated data to provide evidence related to revenue recognition in its substantive testing. The firm did not perform substantive procedures to test or in the alternative identify and test any controls over the accuracy of the system-generated data that the firm used in its substantive testing. (AS 1105.10) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 10 The issuer recognized various types of revenue from one of its segments. The following deficiencies were identified: · For the type of revenue subject to the first deficiency discussed above the firm's substantive procedures to test revenue and related accounts receivable consisted of performing tests of details. The firm used certain system-generated data to provide evidence related to revenue recognition in its substantive testing. The firm did not perform substantive procedures to test or in the alternative identify and test any controls over the accuracy of the system-generated data that the firm used in its substantive testing. (AS 1105.10) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 39 For certain loans the quantitative and qualitative components of the issuer's ACL were calculated using models that relied upon certain current and historical loan data and forecasted macroeconomic scenarios. The following deficiencies were identified: · The issuer compiled the forecasted macroeconomic scenarios it developed into a spreadsheet and distributed the spreadsheet to various users who had access to make changes to the data in the spreadsheet. The firm did not identify and test any controls over the accuracy and completeness of any changes made by users to the data in the spreadsheet. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 39 For certain loans the quantitative and qualitative components of the issuer's ACL were calculated using models that relied upon certain current and historical loan data and forecasted macroeconomic scenarios. The following deficiencies were identified: · The firm identified and tested controls that consisted of the control owner's recalculation of the qualitative ACL for certain loans. The firm did not identify and test any controls over the accuracy and completeness of the forecasted macroeconomic scenarios used in the control owner's recalculation. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 42 For certain loans the quantitative and qualitative components of the issuer's ACL were calculated using models that relied upon certain current and historical loan data and forecasted macroeconomic scenarios. The following deficiencies were identified: · The firm identified and tested a control that consisted of the issuer's review of its ability to forecast the quantitative component of the issuer's ACL. The firm did not test the aspect of this control that addressed the accuracy and completeness of certain historical loan data and macroeconomic scenarios used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 44 For certain loans the quantitative and qualitative components of the issuer's ACL were calculated using models that relied upon certain current and historical loan data and forecasted macroeconomic scenarios. The following deficiencies were identified: · The firm identified and tested a control that consisted of the issuer's review of its ability to forecast the quantitative component of the issuer's ACL. The firm did not test the aspect of this control that addressed the accuracy and completeness of certain historical loan data and macroeconomic scenarios used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Goodwill 4 AS 2201 42 The firm selected for testing controls that consisted of reviews of significant assumptions underlying the cash-flow forecasts used in the issuer's annual goodwill impairment assessment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A D No ICFR audit only Audits with multiple deficiencies Goodwill 4 AS 2201 44 The firm selected for testing controls that consisted of reviews of significant assumptions underlying the cash-flow forecasts used in the issuer's annual goodwill impairment assessment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer entered into contracts with certain customers that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. The following deficiencies were identified: · The firm selected for testing a control that included a preliminary review of certain profit margin metrics by contract to identify items for further investigation. The firm did not identify and test any controls over the completeness of certain data underlying these performance metrics. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2501 9 The issuer entered into contracts with certain customers that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. The following deficiencies were identified: · The firm's approach for substantively testing this revenue was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions that management used as inputs into its revenue recognition model because its procedures were limited to inquiring of management and performing a retrospective review to determine whether prior projections were consistent with actual results. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2501 10 The issuer entered into contracts with certain customers that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. The following deficiencies were identified: · The firm's approach for substantively testing this revenue was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions that management used as inputs into its revenue recognition model because its procedures were limited to inquiring of management and performing a retrospective review to determine whether prior projections were consistent with actual results. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2501 11 The issuer entered into contracts with certain customers that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. The following deficiencies were identified: · The firm's approach for substantively testing this revenue was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions that management used as inputs into its revenue recognition model because its procedures were limited to inquiring of management and performing a retrospective review to determine whether prior projections were consistent with actual results. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The issuer performed cycle counts of inventory at certain of the issuer's locations. The firm selected for testing controls that consisted of the issuer's cycle-count procedures and reviews of reports to monitor the accuracy of the counts. The firm did not evaluate the procedures the control owner performed to assess the accuracy and completeness of certain data used in the operation of the issuer's cycle-count monitoring controls. (AS 2201.42 and 44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The issuer performed cycle counts of inventory at certain of the issuer's locations. The firm selected for testing controls that consisted of the issuer's cycle-count procedures and reviews of reports to monitor the accuracy of the counts. The firm did not evaluate the procedures the control owner performed to assess the accuracy and completeness of certain data used in the operation of the issuer's cycle-count monitoring controls. (AS 2201.42 and 44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 1 AS 2201 42 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The firm selected for testing automated controls over the calculation of these types of revenue and this expense. The firm did not sufficiently test the configuration of these automated controls because it limited its testing to only certain of the contractual scenarios without addressing the risks of material misstatement associated with the untested scenarios. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The firm selected for testing automated controls over the calculation of these types of revenue and this expense. The firm did not sufficiently test the configuration of these automated controls because it limited its testing to only certain of the contractual scenarios without addressing the risks of material misstatement associated with the untested scenarios. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 1 AS 2201 44 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The firm selected for testing automated controls over the calculation of these types of revenue and this expense. The firm did not sufficiently test the configuration of these automated controls because it limited its testing to only certain of the contractual scenarios without addressing the risks of material misstatement associated with the untested scenarios. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The firm selected for testing automated controls over the calculation of these types of revenue and this expense. The firm did not sufficiently test the configuration of these automated controls because it limited its testing to only certain of the contractual scenarios without addressing the risks of material misstatement associated with the untested scenarios. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 2 AS 2201 39 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The firm did not identify and test any controls over the transactional data that the franchisees reported to the issuer and that were significant inputs used to calculate these types of revenue and this expense. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The firm did not identify and test any controls over the transactional data that the franchisees reported to the issuer and that were significant inputs used to calculate these types of revenue and this expense. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 3 AS 1105 4 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The firm used transactional data that the franchisees reported to the issuer in the testing of these types of revenue and this expense. The firm did not evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 4 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The firm used transactional data that the franchisees reported to the issuer in the testing of these types of revenue and this expense. The firm did not evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 3 AS 1105 6 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The firm used transactional data that the franchisees reported to the issuer in the testing of these types of revenue and this expense. The firm did not evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 6 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The firm used transactional data that the franchisees reported to the issuer in the testing of these types of revenue and this expense. The firm did not evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 4 AS 2301 16 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 4 AS 2301 18 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 4 AS 2301 37 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 4 AS 2315 19 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 4 AS 2315 23 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 4 AS 2315 23A The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The issuer is a franchisor and its system automatically calculates and records certain types of revenue and one type of expense based on the unique scenarios contained in franchisee-specific contracts and transactional data reported by its franchisees. The sample size the firm used in certain of its substantive procedures to test one type of revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used an internally developed IT system to track the volume of services provided for one type of revenue. In its testing of controls over this revenue the firm tested various automated and IT-dependent manual controls that used data from this system. The firm selected for testing a control over change management that consisted of a review of activity of certain developers with change access to this system. The firm did not evaluate whether this control was designed to address the risk of material misstatement with respect to developers with change access that were not selected for review. (AS 2201.42) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer used an internally developed IT system to track the volume of services provided for one type of revenue. In its testing of controls over this revenue the firm tested various automated and IT-dependent manual controls that used data from this system. The firm selected for testing a control over change management that consisted of a review of activity of certain developers with change access to this system. As a result of the deficiency in the firm's testing of the IT general control the firm's testing of the various automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 As a result of the audit deficiencies the firm did not perform sufficient substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data it used in its substantive testing of this revenue. (AS 1105.10) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 42 The firm selected for testing a control that consisted of a committee's review of certain assumptions used to estimate the quantitative component of the ACL. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 44 The firm selected for testing a control that consisted of a committee's review of certain assumptions used to estimate the quantitative component of the ACL. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 42 The firm selected for testing a control that consisted of the review of the issuer's risk assessment for certain graded loans. This control included the issuer's assessment to determine which of these loans would be subject to an independent loan-grade review. The loan grades were an important factor in estimating the ACL. The firm did not identify that this control excluded certain loans from the issuer's assessment. (AS 2201.42) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test the ACL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's loan-grading control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test the ACL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's loan-grading control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test the ACL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's loan-grading control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test the ACL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's loan-grading control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test the ACL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's loan-grading control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test the ACL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's loan-grading control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 1 AS 2201 42 The issuer used forecasted information to monitor its compliance with contractual debt covenants as part of the evaluation of its ability to continue as a going concern. The firm selected for testing a control that consisted of the issuer's review of the reasonableness of this forecasted information. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of this forecasted information. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 1 AS 2201 44 The issuer used forecasted information to monitor its compliance with contractual debt covenants as part of the evaluation of its ability to continue as a going concern. The firm selected for testing a control that consisted of the issuer's review of the reasonableness of this forecasted information. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of this forecasted information. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 2 AS 1105 4 The firm used certain forecasted information that it obtained from a third party to evaluate whether or not there was substantial doubt about the issuer's ability to continue as a going concern. The firm did not evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 2 AS 1105 6 The firm used certain forecasted information that it obtained from a third party to evaluate whether or not there was substantial doubt about the issuer's ability to continue as a going concern. The firm did not evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 68 The firm identified a control deficiency related to the accuracy and completeness of loan information entered into the issuer's loan systems at origination and that was used in the estimation of the ACL for certain loans. The firm identified and tested three compensating controls that it believed mitigated this deficiency. The firm did not identify that the control owners used loan information in the performance of these compensating controls that was produced by the loan systems that were subject to the control deficiency. (AS 2201.68) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 62 In determining whether the control deficiency represented a material weakness the firm did not sufficiently evaluate the magnitude of the potential misstatements because it did not consider the potential effects on the calculated ACL related to the deficiency described above. (AS 2201.62) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The firm selected for testing a control that consisted of a committee's review of securities to determine whether they met certain quantitative or qualitative factors that would indicate that these securities should be evaluated for possible impairment. The firm did not test an aspect of the control that addressed whether securities that met certain of those qualitative factors were identified for evaluation. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The firm selected for testing a control that consisted of a committee's review of securities to determine whether they met certain quantitative or qualitative factors that would indicate that these securities should be evaluated for possible impairment. The firm did not test an aspect of the control that addressed whether securities that met certain of those qualitative factors were identified for evaluation. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves 2 AS 2201 39 The issuer used policyholder data as the basis for its actuarial valuation of certain insurance-related assets and liabilities including insurance reserves. The firm selected for testing a control that consisted of the reconciliation of policyholder data between the issuer's policy administration system and the issuer's actuarial valuation system. The firm did not identify and test any controls over the completeness of the reports generated from each of these systems that were used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer recognized certain revenue when a product was shipped or upon completion of a service. The firm selected for testing a control over this revenue that consisted of the comparison of the terms of each sales transaction entered into the issuer's system to corresponding invoices purchase orders and shipping or service documents before revenue was recognized. The firm's procedures were not sufficient because the firm did not test whether the control owners reviewed evidence that products had been shipped or services had been rendered. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer recognized certain revenue when a product was shipped or upon completion of a service. The firm selected for testing a control over this revenue that consisted of the comparison of the terms of each sales transaction entered into the issuer's system to corresponding invoices purchase orders and shipping or service documents before revenue was recognized. The firm's procedures were not sufficient because the firm did not test whether the control owners reviewed evidence that products had been shipped or services had been rendered. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue for these locations were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue for these locations were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue for these locations were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue for these locations were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue for these locations were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue for these locations were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 1105 4 During the year under audit the firm identified conditions and events that indicated there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated by management's plans. The firm did not sufficiently evaluate certain assumptions that the issuer used to project that it would comply with its debt covenants which was a significant factor in management's plans to overcome the adverse effects of the conditions and events. (AS 1105.04 and .06; AS 2415.08) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 1105 6 During the year under audit the firm identified conditions and events that indicated there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated by management's plans. The firm did not sufficiently evaluate certain assumptions that the issuer used to project that it would comply with its debt covenants which was a significant factor in management's plans to overcome the adverse effects of the conditions and events. (AS 1105.04 and .06; AS 2415.08) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 2415 8 During the year under audit the firm identified conditions and events that indicated there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated by management's plans. The firm did not sufficiently evaluate certain assumptions that the issuer used to project that it would comply with its debt covenants which was a significant factor in management's plans to overcome the adverse effects of the conditions and events. (AS 1105.04 and .06; AS 2415.08) Annually Inspected 185 KPMG LLP 2021 United States KPMG International Cooperative 2022-11-04T00:00:00 Part I.A N No ICFR audit only Audits with a single deficiency Pension Liabilities 1 AS 2201 42 The issuer provided an external specialist certain demographic and employment data that were used to estimate the issuer's projected benefit obligation. The firm selected for testing a control that included a review of the accuracy of these data at an aggregated level and the investigation of year-over-year variances in the aggregated data. The firm did not evaluate whether the performance of the review at an aggregated level in conjunction with certain thresholds the control owner used to investigate the variances were sufficiently precise to detect misstatements that could be material. (AS 2201.42) Annually Inspected 238 PricewaterhouseCoopers LLP 2021 United States PricewaterhouseCoopers International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 1 AS 2201 42 The issuer used an external specialist to evaluate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned (“proved properties”). The firm selected for testing a control that consisted of the issuer's review of the data and assumptions used in its estimate of its oil and gas reserves for proved properties. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2021 United States PricewaterhouseCoopers International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 1 AS 2201 44 The issuer used an external specialist to evaluate the issuer's oil and gas reserves that were used in the valuation of properties for which oil and gas reserves had been assigned (“proved properties”). The firm selected for testing a control that consisted of the issuer's review of the data and assumptions used in its estimate of its oil and gas reserves for proved properties. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2021 United States PricewaterhouseCoopers International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 2 AS 2501 9 The issuer concluded that certain of its properties that had no assigned oil and gas reserves (“unproved properties”) were not impaired primarily based on management's intent to drill on these properties. The firm concluded that the issuer's assessment was reasonable but did not evaluate certain information including the issuer's disclosure related to substantial doubt about its ability to continue as a going concern and changes in management's plans with respect to certain other unproved or proved undeveloped properties that indicated the issuer may not have the ability or intent to carry out its plans. (AS 2501.09 .10 and .11; AS 2810.03) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Annually Inspected 238 PricewaterhouseCoopers LLP 2021 United States PricewaterhouseCoopers International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 2 AS 2501 10 The issuer concluded that certain of its properties that had no assigned oil and gas reserves (“unproved properties”) were not impaired primarily based on management's intent to drill on these properties. The firm concluded that the issuer's assessment was reasonable but did not evaluate certain information including the issuer's disclosure related to substantial doubt about its ability to continue as a going concern and changes in management's plans with respect to certain other unproved or proved undeveloped properties that indicated the issuer may not have the ability or intent to carry out its plans. (AS 2501.09 .10 and .11; AS 2810.03) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Annually Inspected 238 PricewaterhouseCoopers LLP 2021 United States PricewaterhouseCoopers International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 2 AS 2501 11 The issuer concluded that certain of its properties that had no assigned oil and gas reserves (“unproved properties”) were not impaired primarily based on management's intent to drill on these properties. The firm concluded that the issuer's assessment was reasonable but did not evaluate certain information including the issuer's disclosure related to substantial doubt about its ability to continue as a going concern and changes in management's plans with respect to certain other unproved or proved undeveloped properties that indicated the issuer may not have the ability or intent to carry out its plans. (AS 2501.09 .10 and .11; AS 2810.03) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Annually Inspected 238 PricewaterhouseCoopers LLP 2021 United States PricewaterhouseCoopers International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 2 AS 2810 3 The issuer concluded that certain of its properties that had no assigned oil and gas reserves (“unproved properties”) were not impaired primarily based on management's intent to drill on these properties. The firm concluded that the issuer's assessment was reasonable but did not evaluate certain information including the issuer's disclosure related to substantial doubt about its ability to continue as a going concern and changes in management's plans with respect to certain other unproved or proved undeveloped properties that indicated the issuer may not have the ability or intent to carry out its plans. (AS 2501.09 .10 and .11; AS 2810.03) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Annually Inspected 238 PricewaterhouseCoopers LLP 2021 United States PricewaterhouseCoopers International Limited 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for certain warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the accounting for these warrants and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2021 United States PricewaterhouseCoopers International Limited 2022-11-04T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2810 30 During the year the issuer acquired a business. The firm did not identify and appropriately address that the issuer's inclusion of certain equity awards as part of the accounting for this business combination was not in conformity with FASB ASC Topic 718 Stock Compensation and FASB ASC Topic 805 Business Combinations. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for this business combination and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the accounting for this business combination and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised and reissued its report to include an additional material weakness. Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm did not identify and test any controls that addressed whether the issuer's inventory system appropriately calculated the unit costs used to record certain manufactured inventory. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 The firm's substantive procedures at year end to test the unit cost of this inventory included selecting a sample of inventory items for testing. The following deficiencies were identified: · The firm did not test whether the issuer's inventory system calculated the inventory unit costs appropriately. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 8 The firm's substantive procedures at year end to test the unit cost of this inventory included selecting a sample of inventory items for testing. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the cost of the raw materials included in the selected items because its procedures were limited to comparing certain of these costs to system-generated reports. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 8 The firm's substantive procedures at year end to test the unit cost of this inventory included selecting a sample of inventory items for testing. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the labor and overhead costs included in the selected items because it did not test whether these costs were consistent with the standard labor and overhead rates that the issuer had determined. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 6 AS 2201 44 The issuer used an information-technology system to process transactions related to accounts payable at certain of the issuer's business units. The following deficiencies were identified: · The firm selected for testing a control over the daily transfer of data from the accounts payable system to the general ledger including the manual resolution of any errors in this data transfer. In its testing of the operating effectiveness of this control the firm did not test how the control owner resolved these data transfer errors beyond inquiring of management. (AS 2201.44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 7 AS 2201 39 The issuer used an information-technology system to process transactions related to accounts payable at certain of the issuer's business units. The following deficiencies were identified: · The firm selected for testing a control that included the automated processing of invoices by the accounts payable system. The firm did not identify and test any controls over the investigation and resolution of exceptions identified during this automated processing. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 8 AS 2201 42 The issuer used an information-technology system to process transactions related to accounts payable at certain of the issuer's business units. The following deficiencies were identified: · The firm selected for testing a control that included the automated processing of invoices by the accounts payable system. The firm did not test the aspect of this control related to the processing of these exceptions once they were resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 8 AS 2201 44 The issuer used an information-technology system to process transactions related to accounts payable at certain of the issuer's business units. The following deficiencies were identified: · The firm selected for testing a control that included the automated processing of invoices by the accounts payable system. The firm did not test the aspect of this control related to the processing of these exceptions once they were resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 9 AS 2101 11 With respect to accounts payable at certain other business units (“other accounts payable”) the following deficiencies were identified: · The firm did not evaluate whether the risks of material misstatement that the firm associated with accounts payable at business units that were subject to more extensive audit procedures also applied to these other accounts payable. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 9 AS 2101 12 With respect to accounts payable at certain other business units (“other accounts payable”) the following deficiencies were identified: · The firm did not evaluate whether the risks of material misstatement that the firm associated with accounts payable at business units that were subject to more extensive audit procedures also applied to these other accounts payable. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 9 AS 2201 B10 With respect to accounts payable at certain other business units (“other accounts payable”) the following deficiencies were identified: · The firm did not evaluate whether the risks of material misstatement that the firm associated with accounts payable at business units that were subject to more extensive audit procedures also applied to these other accounts payable. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 10 AS 2201 39 With respect to accounts payable at certain other business units (“other accounts payable”) the following deficiencies were identified: · The firm did not identify and test any controls over these other accounts payable. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 11 AS 2301 8 With respect to accounts payable at certain other business units (“other accounts payable”) the following deficiencies were identified: · The firm did not perform any substantive procedures to test these other accounts payable. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of the customer order information from various source systems that the issuer used to record revenue. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing two controls that consisted of the issuer's reviews of revenue transactions for appropriate revenue recognition. For the first control the firm did not test whether the control addressed all revenue transactions. For the second control the firm did not evaluate whether the issuer's review was sufficient to address the risks of material misstatement given not all revenue transactions were covered by this control. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing two controls that consisted of the issuer's reviews of revenue transactions for appropriate revenue recognition. For the first control the firm did not test whether the control addressed all revenue transactions. For the second control the firm did not evaluate whether the issuer's review was sufficient to address the risks of material misstatement given not all revenue transactions were covered by this control. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The firm selected for testing a control that consisted of the issuer's reviews of comparisons of current-period revenue to prior-period revenue. The firm did not identify and test any controls over the accuracy of certain revenue data used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The firm's substantive procedures to test certain of this revenue consisted of (1) testing a sample of revenue transactions (2) testing a sample of accounts receivable and (3) performing analytical procedures. The following deficiencies were identified: · For certain of the transactions selected for testing which included multiple services provided to the customer the firm did not evaluate whether multiple performance obligations existed in the associated contract that would affect whether this revenue was appropriately recognized. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 42 The firm's substantive procedures to test certain of this revenue consisted of (1) testing a sample of revenue transactions (2) testing a sample of accounts receivable and (3) performing analytical procedures. The following deficiencies were identified: · The firm determined its sample size for testing these revenue transactions based in part on the assurance it had obtained from its testing of a sample of accounts receivable at year end. This year-end accounts receivable testing did not provide the planned level of substantive evidence to address the risks of material misstatement related to this revenue because this procedure was primarily focused on the occurrence of revenue at a point in time. As a result the sample that the firm used to test this revenue was too small to provide sufficient appropriate audit evidence to address the risks of material misstatement related to this revenue throughout the year. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 19 The firm's substantive procedures to test certain of this revenue consisted of (1) testing a sample of revenue transactions (2) testing a sample of accounts receivable and (3) performing analytical procedures. The following deficiencies were identified: · The firm determined its sample size for testing these revenue transactions based in part on the assurance it had obtained from its testing of a sample of accounts receivable at year end. This year-end accounts receivable testing did not provide the planned level of substantive evidence to address the risks of material misstatement related to this revenue because this procedure was primarily focused on the occurrence of revenue at a point in time. As a result the sample that the firm used to test this revenue was too small to provide sufficient appropriate audit evidence to address the risks of material misstatement related to this revenue throughout the year. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23 The firm's substantive procedures to test certain of this revenue consisted of (1) testing a sample of revenue transactions (2) testing a sample of accounts receivable and (3) performing analytical procedures. The following deficiencies were identified: · The firm determined its sample size for testing these revenue transactions based in part on the assurance it had obtained from its testing of a sample of accounts receivable at year end. This year-end accounts receivable testing did not provide the planned level of substantive evidence to address the risks of material misstatement related to this revenue because this procedure was primarily focused on the occurrence of revenue at a point in time. As a result the sample that the firm used to test this revenue was too small to provide sufficient appropriate audit evidence to address the risks of material misstatement related to this revenue throughout the year. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23A The firm's substantive procedures to test certain of this revenue consisted of (1) testing a sample of revenue transactions (2) testing a sample of accounts receivable and (3) performing analytical procedures. The following deficiencies were identified: · The firm determined its sample size for testing these revenue transactions based in part on the assurance it had obtained from its testing of a sample of accounts receivable at year end. This year-end accounts receivable testing did not provide the planned level of substantive evidence to address the risks of material misstatement related to this revenue because this procedure was primarily focused on the occurrence of revenue at a point in time. As a result the sample that the firm used to test this revenue was too small to provide sufficient appropriate audit evidence to address the risks of material misstatement related to this revenue throughout the year. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2305 13 The firm's substantive procedures to test certain of this revenue consisted of (1) testing a sample of revenue transactions (2) testing a sample of accounts receivable and (3) performing analytical procedures. The following deficiencies were identified: · For the analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. (AS 2305.13 and.14) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2305 14 The firm's substantive procedures to test certain of this revenue consisted of (1) testing a sample of revenue transactions (2) testing a sample of accounts receivable and (3) performing analytical procedures. The following deficiencies were identified: · For the analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. (AS 2305.13 and.14) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Expense 7 AS 2201 39 The firm did not identify and test any controls over this expense. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue. The following deficiencies were identified: · The firm did not perform any substantive procedures to test certain of these sales incentives beyond comparing the recorded balances to system-generated reports. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 16 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue. The following deficiencies were identified: · The firm's sample for testing certain other of these sales incentives was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue. The following deficiencies were identified: · The firm's sample for testing certain other of these sales incentives was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue. The following deficiencies were identified: · The firm's sample for testing certain other of these sales incentives was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Statement of Cash Flows 4 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements that the issuer's omission of certain cash from the statement of cash flows was not in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 42 The firm selected for testing controls that consisted of the issuer's reviews of the fair value of certain investments. The firm did not evaluate the specific review procedures that the control owners performed to assess the (1) reasonableness of the methodologies and assumptions the issuer used to determine the fair value of these investments and (2) accuracy and completeness of a report used in the operation of these controls. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 44 The firm selected for testing controls that consisted of the issuer's reviews of the fair value of certain investments. The firm did not evaluate the specific review procedures that the control owners performed to assess the (1) reasonableness of the methodologies and assumptions the issuer used to determine the fair value of these investments and (2) accuracy and completeness of a report used in the operation of these controls. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Income 2 AS 2201 39 The issuer recognized certain investment income based on estimates derived in part from cash-flow models. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the assumptions used in these cash-flow models. The firm did not identify and test any controls over the accuracy and completeness of certain data that were used to develop certain of these assumptions. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Income 3 AS 2201 42 The issuer recognized certain investment income based on estimates derived in part from cash-flow models. The following deficiencies were identified: · During the year the issuer made changes to certain assumptions used in these cash-flow models. The firm selected for testing a control that consisted of the issuer's reviews of these changes. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these changes. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Income 3 AS 2201 44 The issuer recognized certain investment income based on estimates derived in part from cash-flow models. The following deficiencies were identified: · During the year the issuer made changes to certain assumptions used in these cash-flow models. The firm selected for testing a control that consisted of the issuer's reviews of these changes. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these changes. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Income 4 AS 2201 39 The issuer recognized certain investment income based on estimates derived in part from cash-flow models. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the output of these cash-flow models that operated during the second half of the year. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Income 5 AS 1105 10 The issuer recognized certain investment income based on estimates derived in part from cash-flow models. The following deficiencies were identified: · The firm used the output of these cash-flow models in its substantive testing of this investment income. The firm did not perform any substantive procedures to test or test any controls over the accuracy and completeness of the output of these cash-flow models for the second half of the year. (AS 1105.10) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2810 30 During the audit the firm did not identify and evaluate the significance to the financial statements that the issuer's presentation and disclosure of certain expenses was not in conformity with FASB ASC Topic 330 Inventory. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2810 31 During the audit the firm did not identify and evaluate the significance to the financial statements that the issuer's presentation and disclosure of certain expenses was not in conformity with FASB ASC Topic 330 Inventory. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Equity 2 AS 2810 30 During the audit the firm did not identify and evaluate the significance to the financial statements of omissions from the statement of stockholders' equity and other required disclosures under FASB ASC Topic 718 Compensation-Stock Compensation and FASB ASC Topic 260 Earnings Per Share. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Equity 2 AS 2810 31 During the audit the firm did not identify and evaluate the significance to the financial statements of omissions from the statement of stockholders' equity and other required disclosures under FASB ASC Topic 718 Compensation-Stock Compensation and FASB ASC Topic 260 Earnings Per Share. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized certain revenue over time based on estimates of the goods and services it would provide to customers and the payments it would receive for those goods and services. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the reasonableness of the forecasted information that the issuer used to develop these estimates. The firm did not identify and test any controls over the accuracy of the data that were used to develop this forecasted information. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The issuer recognized certain revenue over time based on estimates of the goods and services it would provide to customers and the payments it would receive for those goods and services. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The issuer recognized certain revenue over time based on estimates of the goods and services it would provide to customers and the payments it would receive for those goods and services. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The issuer recognized certain revenue over time based on estimates of the goods and services it would provide to customers and the payments it would receive for those goods and services. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The issuer recognized certain revenue over time based on estimates of the goods and services it would provide to customers and the payments it would receive for those goods and services. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The issuer recognized certain revenue over time based on estimates of the goods and services it would provide to customers and the payments it would receive for those goods and services. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The issuer recognized certain revenue over time based on estimates of the goods and services it would provide to customers and the payments it would receive for those goods and services. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer recognized certain revenue over time based on estimates of the goods and services it would provide to customers and the payments it would receive for those goods and services. The following deficiencies were identified: · The firm's substantive procedures to test this revenue consisted of performing tests of details and substantive analytical procedures. The firm used certain system-generated data in its substantive testing of this revenue but did not test or in the alternative test any controls over the accuracy of these data. (AS 1105.10; AS 2305.16) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2305 16 The issuer recognized certain revenue over time based on estimates of the goods and services it would provide to customers and the payments it would receive for those goods and services. The following deficiencies were identified: · The firm's substantive procedures to test this revenue consisted of performing tests of details and substantive analytical procedures. The firm used certain system-generated data in its substantive testing of this revenue but did not test or in the alternative test any controls over the accuracy of these data. (AS 1105.10; AS 2305.16) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2810 30 The issuer recognized certain revenue over time based on estimates of the goods and services it would provide to customers and the payments it would receive for those goods and services. The following deficiencies were identified: · To facilitate the issuer's fulfillment of its contracts for certain of this revenue the issuer's customers contributed certain goods and services that the issuer recognized as revenue. The firm did not perform sufficient substantive procedures to evaluate whether this revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because it did not evaluate certain contractual terms and conditions that could affect revenue recognition. (AS 2810.30) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Investments 1 AS 2503 48 The issuer held investments without readily determinable fair values that were recorded at cost less impairments. The following deficiencies were identified: · For one of these investments selected for testing the firm did not perform sufficient procedures to evaluate whether management considered certain relevant information in determining whether factors may have existed that indicated an impairment loss was present because the firm's procedures were limited to reading certain meeting minutes and related documents which did not address the relevant information. (AS 2503.48) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Investments 2 AS 2503 48 The issuer held investments without readily determinable fair values that were recorded at cost less impairments. The following deficiencies were identified: · For another of these investments selected for testing the issuer identified factors that may have indicated an impairment loss was present but concluded that the investment was not impaired based on a sensitivity analysis it prepared for certain of these factors. The firm did not perform any procedures to test this sensitivity analysis and evaluate the other potential impairment factors that were identified by the issuer. (AS 2503.48) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Operating Expenses 3 AS 2305 13 The firm's substantive procedures to test certain operating expenses included performing substantive analytical procedures. The following deficiencies were identified: · For certain types of operating expenses the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. Further the firm identified differences in excess of the firm's established threshold but did not evaluate certain of these differences beyond inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Operating Expenses 3 AS 2305 14 The firm's substantive procedures to test certain operating expenses included performing substantive analytical procedures. The following deficiencies were identified: · For certain types of operating expenses the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. Further the firm identified differences in excess of the firm's established threshold but did not evaluate certain of these differences beyond inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Operating Expenses 3 AS 2305 21 The firm's substantive procedures to test certain operating expenses included performing substantive analytical procedures. The following deficiencies were identified: · For certain types of operating expenses the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. Further the firm identified differences in excess of the firm's established threshold but did not evaluate certain of these differences beyond inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Operating Expenses 4 AS 2305 17 The firm's substantive procedures to test certain operating expenses included performing substantive analytical procedures. The following deficiencies were identified: · For certain other types of operating expenses the expectations the firm used were not sufficiently precise because its expectations were that these expenses would decrease but it did not quantify the amount of the decrease. (AS 2305.17) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling price. The issuer disclosed that it used observable prices to determine the standalone selling prices for certain performance obligations in these arrangements. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of certain standalone selling prices. The firm did not evaluate the specific review procedures that the control owner performed to conclude that the prices the issuer used to determine the standalone selling prices for these performance obligations were observable. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling price. The issuer disclosed that it used observable prices to determine the standalone selling prices for certain performance obligations in these arrangements. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of certain standalone selling prices. The firm did not evaluate the specific review procedures that the control owner performed to conclude that the prices the issuer used to determine the standalone selling prices for these performance obligations were observable. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling price. The issuer disclosed that it used observable prices to determine the standalone selling prices for certain performance obligations in these arrangements. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of certain standalone selling prices. The firm did not identify and test any controls over the accuracy and completeness of certain reports that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling price. The issuer disclosed that it used observable prices to determine the standalone selling prices for certain performance obligations in these arrangements. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the establishment of the standalone selling price for new products. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2810 30 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling price. The issuer disclosed that it used observable prices to determine the standalone selling prices for certain performance obligations in these arrangements. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate the issuer's determination and disclosure of whether it used observable prices to determine the standalone selling prices for these performance obligations in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2810 31 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling price. The issuer disclosed that it used observable prices to determine the standalone selling prices for certain performance obligations in these arrangements. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate the issuer's determination and disclosure of whether it used observable prices to determine the standalone selling prices for these performance obligations in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls that addressed the risk that certain cash receipts from revenue transactions were not properly recorded to support that these revenue transactions were valid. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Accrued Expense 3 AS 2201 39 The firm selected for testing controls that included the issuer's review of the calculation of an accrued expense. The firm did not identify and test any controls over the accuracy of certain data used in this calculation. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 1201 C6 The firm's approach for substantively testing the fair values of certain assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the issuer used to determine these fair values. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the specialist's procedures were limited to reading an issuer-prepared analysis and obtaining data from external sources that indicated a range of possible assumptions without evaluating whether the issuer had a reasonable basis for its selection of assumptions. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 1201 C7 The firm's approach for substantively testing the fair values of certain assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the issuer used to determine these fair values. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the specialist's procedures were limited to reading an issuer-prepared analysis and obtaining data from external sources that indicated a range of possible assumptions without evaluating whether the issuer had a reasonable basis for its selection of assumptions. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 2501 16 The firm's approach for substantively testing the fair values of certain assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the issuer used to determine these fair values. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the specialist's procedures were limited to reading an issuer-prepared analysis and obtaining data from external sources that indicated a range of possible assumptions without evaluating whether the issuer had a reasonable basis for its selection of assumptions. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Loans Receivable 2 AS 2301 16 The firm relied on controls it selected for testing in its approach to testing certain loans receivable. The following deficiencies were identified: · The firm did not test any controls over the entry of loan information and the recording of payments for these loans in the issuer's loan system. (AS 2301.16) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Loans Receivable 3 AS 2301 16 The firm relied on controls it selected for testing in its approach to testing certain loans receivable. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test these loans receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Loans Receivable 3 AS 2301 18 The firm relied on controls it selected for testing in its approach to testing certain loans receivable. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test these loans receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Loans Receivable 3 AS 2301 37 The firm relied on controls it selected for testing in its approach to testing certain loans receivable. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test these loans receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Loans Receivable 3 AS 2315 19 The firm relied on controls it selected for testing in its approach to testing certain loans receivable. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test these loans receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Loans Receivable 3 AS 2315 23 The firm relied on controls it selected for testing in its approach to testing certain loans receivable. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test these loans receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Loans Receivable 3 AS 2315 23A The firm relied on controls it selected for testing in its approach to testing certain loans receivable. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test these loans receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm's substantive procedures to test one type of revenue consisted of testing a sample of revenue transactions. For certain items in its sample the firm did not perform procedures to evaluate whether the issuer met certain revenue recognition criteria. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of a required disclosure under FASB ASC Topic 470 Debt. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of a required disclosure under FASB ASC Topic 470 Debt. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Cash 1 AS 2301 8 The firm did not obtain sufficient appropriate audit evidence that certain cash accounts included in the issuer's cash balance were owned and controlled by the issuer. Although these accounts were in the name of a related party the firm limited its procedures to inspecting a legal letter for one of these cash accounts which the issuer had obtained from the related party during a previous audit. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Cash 2 AS 2410 17 The firm did not obtain sufficient appropriate audit evidence that certain cash accounts included in the issuer's cash balance were owned and controlled by the issuer. The firm did not evaluate whether these cash accounts should have been included in the issuer's related party disclosures. (AS 2410.17) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2305 13 The firm's substantive procedures to test certain expenses included performing substantive analytical procedures. For certain of these analytical procedures the firm did not determine whether the expectations it used were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2305 14 The firm's substantive procedures to test certain expenses included performing substantive analytical procedures. For certain of these analytical procedures the firm did not determine whether the expectations it used were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Expenses 2 AS 2305 21 The firm's substantive procedures to test certain expenses included performing substantive analytical procedures. For each of these analytical procedures the firm identified differences in excess of the firm's established threshold but did not evaluate the differences beyond inquiring of management and in one instance obtaining certain pricing trends. (AS 2305.21) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A N No ICFR audit only Audits with a single deficiency Allowance for Credit Losses 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of certain assumptions used to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these assumptions that were outside of the range of assumptions the issuer established under its ACL methodology. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A N No ICFR audit only Audits with a single deficiency Allowance for Credit Losses 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of certain assumptions used to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these assumptions that were outside of the range of assumptions the issuer established under its ACL methodology. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 1105 10 The issuer used certain long-lived assets to generate revenue. The firm used information produced by the issuer in its testing of the obsolescence reserve for these assets but did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of certain of this information. (AS 1105.10) Annually Inspected 243 BDO USA, LLP 2021 United States BDO International Limited 2022-11-04T00:00:00 Part I.A P No Financial statement audit only Audits with a single deficiency Deposit Liabilities 1 AS 2315 24 The firm sent positive confirmation requests to the issuer's customers for a sample of deposit liabilities. The firm did not perform sufficient sampling procedures because it did not verify that all deposit liabilities had the opportunity to be selected for testing. (AS 2315.24) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Warrants 1 AS 2810 30 During the audit the firm did not identify and appropriately address that the issuer's accounting for warrants as equity was not in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for these warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the accounting for these warrants and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2201 42 During the year the issuer acquired multiple businesses and determined the fair values of the acquired intangible assets and consideration transferred using forecasted cash flows and other assumptions. Each business combination contained provisions for contingent consideration to be paid to the sellers. The following deficiencies were identified: · The firm selected for testing two controls over the preliminary valuation of acquisitions that included reviews of the assumptions the issuer used in these forecasted cash flows and other assumptions the issuer used to determine these fair values. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2201 44 During the year the issuer acquired multiple businesses and determined the fair values of the acquired intangible assets and consideration transferred using forecasted cash flows and other assumptions. Each business combination contained provisions for contingent consideration to be paid to the sellers. The following deficiencies were identified: · The firm selected for testing two controls over the preliminary valuation of acquisitions that included reviews of the assumptions the issuer used in these forecasted cash flows and other assumptions the issuer used to determine these fair values. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2201 39 During the year the issuer acquired multiple businesses and determined the fair values of the acquired intangible assets and consideration transferred using forecasted cash flows and other assumptions. Each business combination contained provisions for contingent consideration to be paid to the sellers. The following deficiencies were identified: · The firm selected for testing two controls over the preliminary valuation of acquisitions that included reviews of the assumptions the issuer used in these forecasted cash flows and other assumptions the issuer used to determine these fair values. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2201 42 During the year the issuer acquired multiple businesses and determined the fair values of the acquired intangible assets and consideration transferred using forecasted cash flows and other assumptions. Each business combination contained provisions for contingent consideration to be paid to the sellers. The following deficiencies were identified: · The firm selected for testing one control over the final valuation of acquisitions that included the review of data that the company's specialist had used to develop certain assumptions that were used to determine these fair values. The firm did not evaluate the specific review procedures that the control owners performed to assess the reliability of these data. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2201 44 During the year the issuer acquired multiple businesses and determined the fair values of the acquired intangible assets and consideration transferred using forecasted cash flows and other assumptions. Each business combination contained provisions for contingent consideration to be paid to the sellers. The following deficiencies were identified: · The firm selected for testing one control over the final valuation of acquisitions that included the review of data that the company's specialist had used to develop certain assumptions that were used to determine these fair values. The firm did not evaluate the specific review procedures that the control owners performed to assess the reliability of these data. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 5 AS 2201 42 During the year the issuer acquired multiple businesses and determined the fair values of the acquired intangible assets and consideration transferred using forecasted cash flows and other assumptions. Each business combination contained provisions for contingent consideration to be paid to the sellers. The following deficiencies were identified: · The firm did not test the aspects of the above controls that addressed the issuer's evaluation of the accounting for contingent consideration in these business combinations. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 5 AS 2201 44 During the year the issuer acquired multiple businesses and determined the fair values of the acquired intangible assets and consideration transferred using forecasted cash flows and other assumptions. Each business combination contained provisions for contingent consideration to be paid to the sellers. The following deficiencies were identified: · The firm did not test the aspects of the above controls that addressed the issuer's evaluation of the accounting for contingent consideration in these business combinations. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 6 AS 2501 16 The firm's approach for substantively testing the fair values of the acquired intangible assets and consideration transferred was to test the issuer's process. The following deficiencies were identified: · For two acquired businesses the firm did not evaluate the reasonableness of the significant assumptions used to determine these fair values. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 1105 10 The firm's approach for substantively testing the fair values of the acquired intangible assets and consideration transferred was to test the issuer's process. The following deficiencies were identified: · For two acquired businesses the firm did not perform procedures to test the accuracy and completeness of certain information produced by the issuer that was used to determine these fair values. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 8 AS 1105 10 The firm's approach for substantively testing the fair values of the acquired intangible assets and consideration transferred was to test the issuer's process. The following deficiencies were identified: · For another acquired business the following deficiencies were identified: o The firm did not perform procedures to test the accuracy and completeness of the information the issuer used to develop certain assumptions used to determine these fair values. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 9 AS 1105 A8a The firm's approach for substantively testing the fair values of the acquired intangible assets and consideration transferred was to test the issuer's process. The following deficiencies were identified: · For another acquired business the following deficiencies were identified: o The firm did not perform procedures to (1) test the accuracy and completeness of issuer-produced data that the company's specialist had used and (2) evaluate the reliability of data from sources external to the company that the company's specialist had used to develop certain of these assumptions. (AS 1105.A8a) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 10 AS 2501 16 The firm's approach for substantively testing the fair values of the acquired intangible assets and consideration transferred was to test the issuer's process. The following deficiencies were identified: · For another acquired business the following deficiencies were identified: o The firm did not evaluate the reasonableness of certain assumptions the issuer used to determine the fair values. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 2810 30 The firm's approach for substantively testing the fair values of the acquired intangible assets and consideration transferred was to test the issuer's process. The following deficiencies were identified: · The firm did not perform procedures to evaluate whether the accounting for contingent payments to certain sellers in these business combinations was in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2201 39 The issuer recognized certain revenue based in part on contractual rates input into the systems the issuer used to process revenue. The firm selected for testing a control that consisted of the issuer's reviews of changes to these contractual rates in these systems. The firm did not identify and test any controls over the completeness of the report the issuer used in the operation of this control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 B21 The issuer used a service organization to process certain revenue and accounts receivable. The firm obtained two service auditor's reports that addressed information technology general controls (ITGCs) at this service organization. The service auditor's report that addressed 11 months of the year under audit contained a qualified opinion for certain ITGCs that were ineffective. The firm did not perform any procedures to evaluate the effect of this qualified opinion on the audit. (AS 2201.B21) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 B21 The issuer used a service organization to process certain revenue and accounts receivable. The firm obtained two service auditor's reports that addressed information technology general controls (ITGCs) at this service organization. The service auditor's report that addressed 11 months of the year under audit contained a qualified opinion for certain ITGCs that were ineffective. The firm did not perform any procedures to evaluate the effect of this qualified opinion on the audit. (AS 2201.B21) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The issuer recorded certain revenue net of estimated allowances for contractual adjustments. These estimated allowances were determined based in part on historical cash collections data applied at the transaction level. The firm did not identify and test any controls that addressed the accuracy of these data. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer recorded certain revenue net of estimated allowances for contractual adjustments. These estimated allowances were determined based in part on historical cash collections data applied at the transaction level. The firm did not identify and test any controls that addressed the accuracy of these data. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 For certain customer contracts the firm did not identify and test any controls that addressed whether relevant terms and conditions were identified and evaluated for appropriate revenue recognition. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 For certain customer contracts the firm did not identify and test any controls that addressed whether relevant terms and conditions were identified and evaluated for appropriate revenue recognition. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2301 8 The firm did not perform substantive procedures to evaluate the terms and conditions included in certain customer contracts when testing whether the issuer appropriately recognized revenue related to these contracts. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 8 The firm did not perform substantive procedures to evaluate the terms and conditions included in certain customer contracts when testing whether the issuer appropriately recognized revenue related to these contracts. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Leases 1 AS 2201 42 The firm selected for testing a control that included the issuer's review of forecasts used in the issuer's analysis of possible impairment of operating lease right-of-use assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the revenue growth rates that the issuer used in these forecasts. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Leases 1 AS 2201 44 The firm selected for testing a control that included the issuer's review of forecasts used in the issuer's analysis of possible impairment of operating lease right-of-use assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the revenue growth rates that the issuer used in these forecasts. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Leases 2 AS 2201 39 The firm selected for testing controls that included the issuer's reviews of new and amended lease agreements and the reconciliation of the lease asset balance from the lease sub-ledger to the general ledger. The firm did not identify and test any controls over the accuracy and completeness of the lease information that was used in the operation of these controls. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Depreciation Expense 3 AS 2201 42 The firm selected for testing controls that included the issuer's review of the estimated useful lives assigned to long-lived assets and the calculation of depreciation expense for these assets. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the useful lives assigned to these assets. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Depreciation Expense 3 AS 2201 44 The firm selected for testing controls that included the issuer's review of the estimated useful lives assigned to long-lived assets and the calculation of depreciation expense for these assets. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the useful lives assigned to these assets. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 With respect to the issuer's disclosure of transaction prices allocated to unsatisfied performance obligations the following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the estimated transaction prices for certain types of contracts included in this disclosure were determined in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 30 With respect to the issuer's disclosure of transaction prices allocated to unsatisfied performance obligations the following deficiencies were identified: · The firm did not identify and evaluate the significance to the financial statements of misstatements in this disclosure under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 31 With respect to the issuer's disclosure of transaction prices allocated to unsatisfied performance obligations the following deficiencies were identified: · The firm did not identify and evaluate the significance to the financial statements of misstatements in this disclosure under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform sufficient substantive procedures to evaluate whether one type of revenue was appropriately recognized because the firm did not review certain customer contracts which was necessary in order to identify performance obligations and evaluate whether this revenue was appropriately recognized. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 1105 10 The firm's approach for substantively testing the reserve for excess and obsolete inventory was to review and test management's process. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of the forecasted demand data that the issuer used to develop the reserve for excess and obsolete inventory. (AS 1105.10; AS 2501.11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 11 The firm's approach for substantively testing the reserve for excess and obsolete inventory was to review and test management's process. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of the forecasted demand data that the issuer used to develop the reserve for excess and obsolete inventory. (AS 1105.10; AS 2501.11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The issuer intended to use a significant portion of its inventory on hand at year end to manufacture a product type it had sold at a significant loss during the year. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether this inventory was recorded at the lower of cost or net realizable value. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 8 The issuer intended to use a significant portion of its inventory on hand at year end to manufacture a product type it had sold at a significant loss during the year. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether this inventory was recorded at the lower of cost or net realizable value. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 With respect to the issuer's disclosure of transaction prices allocated to unsatisfied performance obligations the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of this disclosure. The firm did not test the aspects of these controls that addressed the issuer's assessment of whether certain contractual terms and estimated transaction prices for contracts that were included in this disclosure were in conformity with FASB ASC Topic 606. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 With respect to the issuer's disclosure of transaction prices allocated to unsatisfied performance obligations the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of this disclosure. The firm did not test the aspects of these controls that addressed the issuer's assessment of whether certain contractual terms and estimated transaction prices for contracts that were included in this disclosure were in conformity with FASB ASC Topic 606. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 30 With respect to the issuer's disclosure of transaction prices allocated to unsatisfied performance obligations the following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether certain contractual terms and estimated transaction prices for contracts that were included in this disclosure were disclosed in conformity with FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2021 United States Grant Thornton International Limited 2022-11-04T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 31 With respect to the issuer's disclosure of transaction prices allocated to unsatisfied performance obligations the following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether certain contractual terms and estimated transaction prices for contracts that were included in this disclosure were disclosed in conformity with FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 106 Salberg & Company, P.A. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Estimates 1 AS 2501 16 The firm's approach for substantively testing certain estimates was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions the issuer used to develop the estimates including taking into account the issuer's past history of carrying out its stated intentions regarding the assumptions beyond inquiry and performing ratio analyses. (AS 2501.16 and .17) Triennially Inspected 106 Salberg & Company, P.A. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Estimates 1 AS 2501 17 The firm's approach for substantively testing certain estimates was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions the issuer used to develop the estimates including taking into account the issuer's past history of carrying out its stated intentions regarding the assumptions beyond inquiry and performing ratio analyses. (AS 2501.16 and .17) Triennially Inspected 106 Salberg & Company, P.A. 2021 United States 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 1 AS 2501 22 The firm's approach for substantively testing the allowance for doubtful accounts was to develop an independent expectation of the estimate. The firm did not perform any procedures to demonstrate it had a reasonable basis for certain assumptions it developed and used in determining its independent expectation. (AS 2501.22) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 1 AS 2502 26 To test goodwill for potential impairment the issuer compared the estimated fair value of the related reporting unit to the carrying value of the reporting unit and determined that no impairment existed. For finite-lived intangible assets the issuer determined that the recoverable amounts were the same as the carrying amounts and therefore no impairment existed. The issuer had adopted ASU No. 2017-04 Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The following deficiencies were identified: - The firm did not evaluate the reasonableness of the assumptions the issuer used to develop the fair value of its reporting units. (AS 2502.26 and .28) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 1 AS 2502 28 To test goodwill for potential impairment the issuer compared the estimated fair value of the related reporting unit to the carrying value of the reporting unit and determined that no impairment existed. For finite-lived intangible assets the issuer determined that the recoverable amounts were the same as the carrying amounts and therefore no impairment existed. The issuer had adopted ASU No. 2017-04 Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The following deficiencies were identified: - The firm did not evaluate the reasonableness of the assumptions the issuer used to develop the fair value of its reporting units. (AS 2502.26 and .28) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 2 AS 2810 30 To test goodwill for potential impairment the issuer compared the estimated fair value of the related reporting unit to the carrying value of the reporting unit and determined that no impairment existed. For finite-lived intangible assets the issuer determined that the recoverable amounts were the same as the carrying amounts and therefore no impairment existed. The issuer had adopted ASU No. 2017-04 Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The following deficiencies were identified: - With respect to the intangible assets the firm did not perform procedures to test the reasonableness of the issuer's assumption that the recoverable value of each asset was the same as its carrying value in light of events that would indicate that the carrying amount of the intangible assets may not be recoverable including the issuer's declining stock prices negative working capital and recurring operating losses and cash flow losses in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2810.30) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 3 AS 2810 30 To test goodwill for potential impairment the issuer compared the estimated fair value of the related reporting unit to the carrying value of the reporting unit and determined that no impairment existed. For finite-lived intangible assets the issuer determined that the recoverable amounts were the same as the carrying amounts and therefore no impairment existed. The issuer had adopted ASU No. 2017-04 Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The following deficiencies were identified: - With respect to goodwill the firm did not identify and evaluate the significance to the financial statements of a departure from GAAP related to the omission of required disclosures that a relevant reporting unit had a negative carrying amount of net assets the amount of goodwill allocated to the reporting unit and in which reportable segment the reporting unit was included in conformity with FASB ASC Topic 350 Intangibles—Goodwill and Other. (AS 2810.30 and .31) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 3 AS 2810 31 To test goodwill for potential impairment the issuer compared the estimated fair value of the related reporting unit to the carrying value of the reporting unit and determined that no impairment existed. For finite-lived intangible assets the issuer determined that the recoverable amounts were the same as the carrying amounts and therefore no impairment existed. The issuer had adopted ASU No. 2017-04 Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The following deficiencies were identified: - With respect to goodwill the firm did not identify and evaluate the significance to the financial statements of a departure from GAAP related to the omission of required disclosures that a relevant reporting unit had a negative carrying amount of net assets the amount of goodwill allocated to the reporting unit and in which reportable segment the reporting unit was included in conformity with FASB ASC Topic 350 Intangibles—Goodwill and Other. (AS 2810.30 and .31) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 4 AS 2810 30 The issuer had outstanding convertible notes payable. The issuer disclosed that certain notes were with a party with which the issuer had pending litigation. The issuer also disclosed that a convertible note with a related party was modified during the year to change the conversion price. The following deficiencies were identified: - The firm did not evaluate whether the issuer's accounting for the conversion price modification was in conformity with FASB ASC Subtopic 470-20 Debt— Debt with Conversion and Other Options. (AS 2810.30) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 5 AS 2810 30 The issuer had outstanding convertible notes payable. The issuer disclosed that certain notes were with a party with which the issuer had pending litigation. The issuer also disclosed that a convertible note with a related party was modified during the year to change the conversion price. The following deficiencies were identified: - The firm did not evaluate whether the pending litigation with the holder of certain notes would affect the financial statement classification of the notes. (AS 2810.30 and .31) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 5 AS 2810 31 The issuer had outstanding convertible notes payable. The issuer disclosed that certain notes were with a party with which the issuer had pending litigation. The issuer also disclosed that a convertible note with a related party was modified during the year to change the conversion price. The following deficiencies were identified: - The firm did not evaluate whether the pending litigation with the holder of certain notes would affect the financial statement classification of the notes. (AS 2810.30 and .31) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 6 AS 2410 17 The issuer had outstanding convertible notes payable. The issuer disclosed that certain notes were with a party with which the issuer had pending litigation. The issuer also disclosed that a convertible note with a related party was modified during the year to change the conversion price. The following deficiencies were identified: - The firm did not perform procedures to determine whether the disclosures related to certain related party relationships and transactions were complete and accurate. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 6 AS 2810 30 The issuer had outstanding convertible notes payable. The issuer disclosed that certain notes were with a party with which the issuer had pending litigation. The issuer also disclosed that a convertible note with a related party was modified during the year to change the conversion price. The following deficiencies were identified: - The firm did not perform procedures to determine whether the disclosures related to certain related party relationships and transactions were complete and accurate. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 381 Freedman & Goldberg, C.P.A.'s, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 6 AS 2810 31 The issuer had outstanding convertible notes payable. The issuer disclosed that certain notes were with a party with which the issuer had pending litigation. The issuer also disclosed that a convertible note with a related party was modified during the year to change the conversion price. The following deficiencies were identified: - The firm did not perform procedures to determine whether the disclosures related to certain related party relationships and transactions were complete and accurate. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2502 15 During the year the issuer acquired multiple businesses. For one business combination the firm did not perform any substantive procedures to test the fair value of the assets acquired and liabilities assumed. (AS 2502.15) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2502 26 For another business combination the issuer used an external specialist to estimate the fair value of certain of the acquired assets. For certain assets the fair values were determined using forecasted cash flows. The following deficiencies were identified: - As part of its assessment of the reasonableness of the cash-flow forecast for a certain asset the firm obtained evidence that appeared to contradict an assumption used by the specialist with respect to asset quantities. The firm did not perform procedures beyond inquiry of management to evaluate this contradictory evidence. (AS 2502.26 .28 .31 and .36) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2502 28 For another business combination the issuer used an external specialist to estimate the fair value of certain of the acquired assets. For certain assets the fair values were determined using forecasted cash flows. The following deficiencies were identified: - As part of its assessment of the reasonableness of the cash-flow forecast for a certain asset the firm obtained evidence that appeared to contradict an assumption used by the specialist with respect to asset quantities. The firm did not perform procedures beyond inquiry of management to evaluate this contradictory evidence. (AS 2502.26 .28 .31 and .36) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2502 31 For another business combination the issuer used an external specialist to estimate the fair value of certain of the acquired assets. For certain assets the fair values were determined using forecasted cash flows. The following deficiencies were identified: - As part of its assessment of the reasonableness of the cash-flow forecast for a certain asset the firm obtained evidence that appeared to contradict an assumption used by the specialist with respect to asset quantities. The firm did not perform procedures beyond inquiry of management to evaluate this contradictory evidence. (AS 2502.26 .28 .31 and .36) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2502 36 For another business combination the issuer used an external specialist to estimate the fair value of certain of the acquired assets. For certain assets the fair values were determined using forecasted cash flows. The following deficiencies were identified: - As part of its assessment of the reasonableness of the cash-flow forecast for a certain asset the firm obtained evidence that appeared to contradict an assumption used by the specialist with respect to asset quantities. The firm did not perform procedures beyond inquiry of management to evaluate this contradictory evidence. (AS 2502.26 .28 .31 and .36) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2502 26 For another business combination the issuer used an external specialist to estimate the fair value of certain of the acquired assets. For certain assets the fair values were determined using forecasted cash flows. The following deficiencies were identified: - For certain assets the firm did not perform procedures beyond inquiry of management to evaluate the reasonableness of certain significant assumptions underlying the cash-flow forecasts. (AS 2502.26 and .28) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2502 28 For another business combination the issuer used an external specialist to estimate the fair value of certain of the acquired assets. For certain assets the fair values were determined using forecasted cash flows. The following deficiencies were identified: - For certain assets the firm did not perform procedures beyond inquiry of management to evaluate the reasonableness of certain significant assumptions underlying the cash-flow forecasts. (AS 2502.26 and .28) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2301 8 For another business combination the issuer used an external specialist to estimate the fair value of certain of the acquired assets. For certain assets the fair values were determined using forecasted cash flows. The following deficiencies were identified: - The firm did not perform any procedures to test the completeness of certain liabilities assumed. (AS 2301.08) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2502 15 For another business combination the issuer used an external specialist to estimate the fair value of certain of the acquired assets. For certain assets the fair values were determined using forecasted cash flows. The following deficiencies were identified: - The firm did not perform any procedures to test the fair value of certain liabilities assumed. (AS 2502.15) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2810 30 For another business combination the issuer used an external specialist to estimate the fair value of certain of the acquired assets. For certain assets the fair values were determined using forecasted cash flows. The following deficiencies were identified: - The firm did not identify and appropriately address an inconsistency between the issuer's disclosure of goodwill and other liabilities associated with this acquisition and the issuer's supporting documentation. (AS 2810.30 and .31) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2810 31 For another business combination the issuer used an external specialist to estimate the fair value of certain of the acquired assets. For certain assets the fair values were determined using forecasted cash flows. The following deficiencies were identified: - The firm did not identify and appropriately address an inconsistency between the issuer's disclosure of goodwill and other liabilities associated with this acquisition and the issuer's supporting documentation. (AS 2810.30 and .31) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Contract Liabilities 1 AS 1105 10 The issuer recognized certain revenue based on quantities and specified rates generally in exchange for noncash consideration. Any noncash consideration received at contract inception was recorded as a contract liability. The following deficiencies were identified: - The firm used data from the issuer's system in its procedures to test certain of this revenue. The firm did not test or in the alternative identify and test any controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Contract Liabilities 2 AS 2301 8 The issuer recognized certain revenue based on quantities and specified rates generally in exchange for noncash consideration. Any noncash consideration received at contract inception was recorded as a contract liability. The following deficiencies were identified: - For certain other of this revenue the firm did not test the selling prices for individual services provided. (AS 2301.08) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Contract Liabilities 3 AS 2501 10 The issuer recognized certain revenue based on quantities and specified rates generally in exchange for noncash consideration. Any noncash consideration received at contract inception was recorded as a contract liability. The following deficiencies were identified: - The firm did not evaluate whether the method used by the issuer to determine the fair value of noncash consideration received was in conformity with FASB ASC Topic 820 Fair Value Measurement. (AS 2501.10) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2501 7 The issuer reported a reserve for excess and obsolete inventory. The firm did not perform procedures to test this reserve beyond reading issuer-prepared memos vouching certain historical sales amounts used in the determination of the reserve and performing recalculations of certain amounts. (AS 2501.07) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 14 The issuer held certain inventory at a public warehouse. The firm performed an inventory observation subsequent to year end. The firm did not test (1) whether the contents of counted pallets and boxes matched the items included in the issuer's year-end inventory; and (2) intervening transactions between the issuer's year end and the date of its inventory observation. (AS 2510.14) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 4 The firm used certain price and quantity information from external sources in its substantive testing of revenue but did not perform any procedures to evaluate the relevance and reliability of such information. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 6 The firm used certain price and quantity information from external sources in its substantive testing of revenue but did not perform any procedures to evaluate the relevance and reliability of such information. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 4 The firm developed an independent expectation to test revenue but did not evaluate the relevance and reliability of data used to develop its expectation. (AS 1105.04 and .06; AS 2501.23) Triennially Inspected 587 RBSM LLP 2021 United States 2022-10-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 6 The firm developed an independent expectation to test revenue but did not evaluate the relevance and reliability of data used to develop its expectation. (AS 1105.04 and .06; AS 2501.23) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 39 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The firm identified and tested a control over the review of loan risk grades for loans that met certain criteria. The firm did not identify and test any controls over the review of loan risk grades for loans that did not meet the criteria. (AS 2201.39) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 42 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The firm selected for testing a control that included the issuer's review of certain loans for potential impairment. The firm did not evaluate the specific review procedures that the control owners performed to review the loans for potential impairment. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 44 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The firm selected for testing a control that included the issuer's review of certain loans for potential impairment. The firm did not evaluate the specific review procedures that the control owners performed to review the loans for potential impairment. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The firm selected for testing a control that consisted of the issuer's review of the ALL including an evaluation of the qualitative reserve component. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the basis points for certain qualitative factors used to determine the qualitative reserve component. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 44 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The firm selected for testing a control that consisted of the issuer's review of the ALL including an evaluation of the qualitative reserve component. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the basis points for certain qualitative factors used to determine the qualitative reserve component. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 39 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The firm did not identify and test any controls over the accuracy of a system-generated report used in the operation of a control. (AS 2201.39) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2501 16 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The firm's approach for substantively testing the ALL was to review and test management's process. With respect to certain qualitative components of the ALL the firm did not evaluate whether the issuer had a reasonable basis for the basis points used and for its selection of basis points from a range of potential basis points. (AS 2501.16) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2301 16 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the reasonableness of loan risk grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2301 18 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the reasonableness of loan risk grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2301 37 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the reasonableness of loan risk grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2315 19 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the reasonableness of loan risk grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2315 23 The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the reasonableness of loan risk grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2315 23A The issuer's general reserve component of the ALL included a qualitative reserve component. In determining the qualitative reserve component the issuer used loan risk grades and basis point adjustments for qualitative factors. The following deficiencies were identified: - The sample size the firm used in its substantive procedures to test the reasonableness of loan risk grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 731 Davidson & Company LLP 2021 Canada 2022-10-20T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Significant Account 1 AS 2201 42 The firm selected for testing two controls over the review of transactions recorded to a significant account. For one control the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 731 Davidson & Company LLP 2021 Canada 2022-10-20T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Significant Account 1 AS 2201 44 The firm selected for testing two controls over the review of transactions recorded to a significant account. For one control the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 731 Davidson & Company LLP 2021 Canada 2022-10-20T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Significant Account 2 AS 2201 42 The firm selected for testing two controls over the review of transactions recorded to a significant account. The firm did not test the aspects of both of these controls that addressed the accuracy and completeness of the information used in their operation. (AS 2201.42 and .44) Triennially Inspected 731 Davidson & Company LLP 2021 Canada 2022-10-20T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Significant Account 2 AS 2201 44 The firm selected for testing two controls over the review of transactions recorded to a significant account. The firm did not test the aspects of both of these controls that addressed the accuracy and completeness of the information used in their operation. (AS 2201.42 and .44) Triennially Inspected 731 Davidson & Company LLP 2021 Canada 2022-10-20T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 42 The firm selected for testing controls that consisted of the issuer's review of its assessment of these assets for possible impairment. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 731 Davidson & Company LLP 2021 Canada 2022-10-20T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 44 The firm selected for testing controls that consisted of the issuer's review of its assessment of these assets for possible impairment. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 731 Davidson & Company LLP 2021 Canada 2022-10-20T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 42 The firm selected for testing controls that consisted of the issuer's review of its assessment of these assets for possible impairment. The firm did not test the aspects of these controls that addressed the accuracy and completeness of the information used in their operation. (AS 2201.42 and .44) Triennially Inspected 731 Davidson & Company LLP 2021 Canada 2022-10-20T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 44 The firm selected for testing controls that consisted of the issuer's review of its assessment of these assets for possible impairment. The firm did not test the aspects of these controls that addressed the accuracy and completeness of the information used in their operation. (AS 2201.42 and .44) Triennially Inspected 1208 Deloitte LLP 2021 Canada Deloitte Touche Tohmatsu Limited 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2305 16 The firm's substantive procedures to test depreciation expense for certain long-lived assets consisted of performing analytical procedures. The firm did not assess the reliability of certain data used by the firm to develop the expectations used in these procedures and did not establish an appropriate amount for investigation of certain differences because the amount exceeded materiality. (AS 2305.16 and .20) Triennially Inspected 1208 Deloitte LLP 2021 Canada Deloitte Touche Tohmatsu Limited 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2305 20 The firm's substantive procedures to test depreciation expense for certain long-lived assets consisted of performing analytical procedures. The firm did not assess the reliability of certain data used by the firm to develop the expectations used in these procedures and did not establish an appropriate amount for investigation of certain differences because the amount exceeded materiality. (AS 2305.16 and .20) Triennially Inspected 1208 Deloitte LLP 2021 Canada Deloitte Touche Tohmatsu Limited 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2501 7 The issuer recognized certain revenue from contracts over time. The firm did not perform any substantive procedures beyond inquiry to test estimated values used by the issuer to measure progress of contract completion. (AS 2501.07) Triennially Inspected 1208 Deloitte LLP 2021 Canada Deloitte Touche Tohmatsu Limited 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2501 16 The firm's approach for substantively testing the fair value of certain acquired long-lived assets was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for certain significant assumptions used by the issuer to determine the fair value of these assets. (AS 2501.16) Triennially Inspected 1208 Deloitte LLP 2021 Canada Deloitte Touche Tohmatsu Limited 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2301 8 The firm did not perform sufficient procedures to test the equity shares issued in consideration for an acquired business because the firm did not perform procedures to evaluate the terms of the agreement for the shares. (AS 2301.08) Triennially Inspected 1315 Tanaka, Valdivia & Asociados Sociedad Civil de Responsabilidad Limitada 2021 Peru Ernst & Young Global Limited 2022-10-20T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer recognized revenue at numerous locations based on the contractual terms of each sales arrangement and certain contractually determined price adjustments. The firm selected for testing a control that consisted of management's review and approval of contractual terms entered into the issuer's revenue system and used to recognize revenue. The firm did not evaluate certain information obtained during its testing that appeared to be inconsistent with the contractual terms in the issuer's revenue system. (AS 2201.44) Triennially Inspected 1315 Tanaka, Valdivia & Asociados Sociedad Civil de Responsabilidad Limitada 2021 Peru Ernst & Young Global Limited 2022-10-20T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer recognized revenue at numerous locations based on the contractual terms of each sales arrangement and certain contractually determined price adjustments. The firm selected for testing a control that consisted of management's review and approval of contractual terms entered into the issuer's revenue system and used to recognize revenue. The firm did not identify and test any controls over the determination of price adjustments used to recognize revenue at one location. (AS 2201.39) Triennially Inspected 1315 Tanaka, Valdivia & Asociados Sociedad Civil de Responsabilidad Limitada 2021 Peru Ernst & Young Global Limited 2022-10-20T00:00:00 Part I.A B Yes Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The issuer recognized revenue upon delivery of services to customers. The firm did not perform any substantive procedures to test whether services had been delivered for certain revenue transactions selected for testing. (AS 2301.08) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 42 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. - The firm selected for testing a control that consisted of a reconciliation of mark to market values of derivatives and investment securities and the investigation of variances over established thresholds. The firm did not test an aspect of the control related to certain investment securities. Further the firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for follow-up were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. The firm selected for testing a control that consisted of a reconciliation of mark to market values of derivatives and investment securities and the investigation of variances over established thresholds. The firm did not test an aspect of the control related to certain investment securities. Further the firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for follow-up were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 44 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. - The firm selected for testing a control that consisted of a reconciliation of mark to market values of derivatives and investment securities and the investigation of variances over established thresholds. The firm did not test an aspect of the control related to certain investment securities. Further the firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for follow-up were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. The firm selected for testing a control that consisted of a reconciliation of mark to market values of derivatives and investment securities and the investigation of variances over established thresholds. The firm did not test an aspect of the control related to certain investment securities. Further the firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for follow-up were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 2 AS 2201 39 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. - The firm selected for testing a control that consisted of a reconciliation of mark to market values of derivatives and investment securities and the investigation of variances over established thresholds. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 39 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. The firm selected for testing a control that consisted of a reconciliation of mark to market values of derivatives and investment securities and the investigation of variances over established thresholds. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2201 42 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. - The firm selected for testing another control that consisted of management's review and approval of certain adjustments to derivative values for counterparty credit risk. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the adjustments. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2201 42 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. The firm selected for testing another control that consisted of management's review and approval of certain adjustments to derivative values for counterparty credit risk. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the adjustments. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2201 44 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. - The firm selected for testing another control that consisted of management's review and approval of certain adjustments to derivative values for counterparty credit risk. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the adjustments. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2201 44 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. The firm selected for testing another control that consisted of management's review and approval of certain adjustments to derivative values for counterparty credit risk. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the adjustments. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 4 AS 2201 39 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. - The firm selected for testing another control that consisted of management's review and approval of certain adjustments to derivative values for counterparty credit risk. The firm did not identify and test any controls over the accuracy of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 39 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. The firm selected for testing another control that consisted of management's review and approval of certain adjustments to derivative values for counterparty credit risk. The firm did not identify and test any controls over the accuracy of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2201 42 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. - The firm selected for testing two automated controls over the calculation of interest from and valuation of certain investment securities. The firm's testing of these automated controls using a sample of only one instance of the controls' operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 42 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. The firm selected for testing two automated controls over the calculation of interest from and valuation of certain investment securities. The firm's testing of these automated controls using a sample of only one instance of the controls' operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2201 44 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. - The firm selected for testing two automated controls over the calculation of interest from and valuation of certain investment securities. The firm's testing of these automated controls using a sample of only one instance of the controls' operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 44 The issuer held a portfolio of derivatives and investment securities (collectively 'investments') which were carried at fair value. The firm selected for testing two automated controls over the calculation of interest from and valuation of certain investment securities. The firm's testing of these automated controls using a sample of only one instance of the controls' operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2301 8 The firm did not perform procedures to test certain information presented in the ALL disclosure beyond comparing prior year information to the prior year financial statements and calculating the mathematical accuracy of certain information presented. (AS 2301.08) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing controls that consisted of management's review of the (1) measurement and calculation of certain work in progress inventory quantities and (2) historical recovery rates of certain work in process inventory. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.44) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 The firm selected for testing controls that consisted of management's review of the (1) measurement and calculation of certain work in progress inventory quantities and (2) historical recovery rates of certain work in process inventory. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of these controls. (AS 2201.39) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 The firm did not perform any substantive procedures to test the (1) existence and valuation of semi-finished goods inventory and (2) valuation of work in progress finished goods and supplies and spares inventory. (AS 2301.08) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative identify and test controls over the accuracy of certain inputs obtained from the issuer that the firm used to test work in progress inventory quantities. (AS 1105.10) Triennially Inspected 1364 PricewaterhouseCoopers Consultores Auditores SpA 2021 Chile PricewaterhouseCoopers International Limited 2022-10-20T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 8 The firm did not perform any substantive procedures to test a portion of costs of goods sold. (AS 2301.08) Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 9 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using qualitative factors. The firm's approach for substantively testing this reserve was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points for each qualitative factor that were applied to determine the qualitative component beyond comparing these basis points to the basis points that were applied in prior years and assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020] Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 10 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using qualitative factors. The firm's approach for substantively testing this reserve was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points for each qualitative factor that were applied to determine the qualitative component beyond comparing these basis points to the basis points that were applied in prior years and assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020] Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 11 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using qualitative factors. The firm's approach for substantively testing this reserve was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points for each qualitative factor that were applied to determine the qualitative component beyond comparing these basis points to the basis points that were applied in prior years and assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020] Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans and Deposits 2 AS 2201 39 The issuer used a service organization to process and record transactions related to loans and deposits. This service organization used a sub-service organization to provide information technology general controls for the issuer and the systems used by the issuer. The controls for the sub-service organization were not addressed in the service auditor's report. The firm did not determine whether it was necessary to obtain an understanding of or test any relevant controls at the sub-service organization. (AS 2201.39 and .B19) Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans and Deposits 2 AS 2201 B19 The issuer used a service organization to process and record transactions related to loans and deposits. This service organization used a sub-service organization to provide information technology general controls for the issuer and the systems used by the issuer. The controls for the sub-service organization were not addressed in the service auditor's report. The firm did not determine whether it was necessary to obtain an understanding of or test any relevant controls at the sub-service organization. (AS 2201.39 and .B19) Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans and Deposits 3 AS 2301 8 To test the existence of loans and completeness of deposits the firm circulated positive confirmations. For confirmations that were not returned the firm performed alternative procedures using certain data and reports from the service organization. As a result of the deficiencies discussed above the firm did not sufficiently test the accuracy of the data and reports used. (AS 2301.08) Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries 4 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Estimate 1 AS 2501 16 With respect to a Significant Estimate the firm's approach for substantively testing an aspect of this significant estimate was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions. (AS 2501.16) Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2501 20 The issuer engaged external service providers to provide investment accounting services and serve as custodian for its investment securities including providing the fair values for its securities. Both external service providers obtained security pricing from other pricing providers. The firm used the pricing information from these pricing providers as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate evidence because it did not evaluate the relevance of the pricing information obtained from these pricing providers. (AS 2501.20 .A2 and .A5) Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2501 A2 The issuer engaged external service providers to provide investment accounting services and serve as custodian for its investment securities including providing the fair values for its securities. Both external service providers obtained security pricing from other pricing providers. The firm used the pricing information from these pricing providers as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate evidence because it did not evaluate the relevance of the pricing information obtained from these pricing providers. (AS 2501.20 .A2 and .A5) Triennially Inspected 1884 Bonadio & Co., LLP 2021 United States 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2501 A5 The issuer engaged external service providers to provide investment accounting services and serve as custodian for its investment securities including providing the fair values for its securities. Both external service providers obtained security pricing from other pricing providers. The firm used the pricing information from these pricing providers as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate evidence because it did not evaluate the relevance of the pricing information obtained from these pricing providers. (AS 2501.20 .A2 and .A5) Triennially Inspected 5905 Rosenfield & Co PLLC 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2501 16 The issuer performed an impairment analysis for certain long-lived assets using discounted cash flow forecasts that included the estimate of total revenues. The estimate of total revenues was also used in determining amortization expense associated with these assets. The following deficiencies were identified: - The firm did not perform any substantive procedures beyond inquiry of management and reading an issuer-prepared memorandum to evaluate the reasonableness of the significant assumptions underlying estimated total revenues including taking into account factors affecting the issuer's intent and ability to carry out those assumptions. (AS 2501.16 and .17) Triennially Inspected 5905 Rosenfield & Co PLLC 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2501 17 The issuer performed an impairment analysis for certain long-lived assets using discounted cash flow forecasts that included the estimate of total revenues. The estimate of total revenues was also used in determining amortization expense associated with these assets. The following deficiencies were identified: - The firm did not perform any substantive procedures beyond inquiry of management and reading an issuer-prepared memorandum to evaluate the reasonableness of the significant assumptions underlying estimated total revenues including taking into account factors affecting the issuer's intent and ability to carry out those assumptions. (AS 2501.16 and .17) Triennially Inspected 5905 Rosenfield & Co PLLC 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2501 16 The issuer performed an impairment analysis for certain long-lived assets using discounted cash flow forecasts that included the estimate of total revenues. The estimate of total revenues was also used in determining amortization expense associated with these assets. The following deficiencies were identified: - The firm did not sufficiently evaluate the reasonableness of the discount rate used by the issuer in its impairment analysis. Specifically the firm compared the discount rate to the stated rate on the issuer's outstanding debt but did not perform any procedures to evaluate whether the stated rate reflected the weighted average cost of capital of the issuer plus a risk premium representing the risk associated with acquiring the asset. (AS 2501.16) Triennially Inspected 5905 Rosenfield & Co PLLC 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 1105 10 The issuer performed an impairment analysis for certain long-lived assets using discounted cash flow forecasts that included the estimate of total revenues. The estimate of total revenues was also used in determining amortization expense associated with these assets. The following deficiencies were identified: - The firm did not perform any substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of disaggregated asset data used by the issuer in its impairment analysis and determination of amortization expense. (AS 1105.10) Triennially Inspected 5905 Rosenfield & Co PLLC 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 61 The firm identified for testing journal entries meeting certain fraud criteria and then reviewed the listing of those journal entries for unusual entries. The firm did not select journal entries and other adjustments for testing. (AS 2401.61) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 16 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 18 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 37 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 19 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 23 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 23A For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not identify and test any controls over revenue. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 16 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The firm did not take into account appropriate factors in determining its sample size including its established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 19 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The firm did not take into account appropriate factors in determining its sample size including its established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 23 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The firm did not take into account appropriate factors in determining its sample size including its established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 23A For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The firm did not take into account appropriate factors in determining its sample size including its established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 17 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The firm did not determine that the population of sales commission data from which the sample was drawn was appropriate for the specific audit objective of testing recorded revenue. (AS 2315.17) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 1105 10 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The firm did not perform any substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of the population of revenue transactions from the sales commission listings used to select the sample of revenue transactions. (AS 1105.10) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2301 8 For revenue that was generally earned upon receipt of the products by customers the firm selected a sample of revenue transactions from sales commission listings obtained from the issuer and performed certain substantive procedures to test revenue. The following deficiencies were identified: - The firm did not perform sufficient procedures to evaluate whether the issuer had recognized revenue in the proper period because for certain of the revenue transactions selected for testing the firm did not perform procedures to test whether revenue had been recognized after the specific products ordered were received by the customers. (AS 2301.08) Triennially Inspected 6121 Ankit Consulting Services Inc 2021 United States 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash and Cash Equivalents 6 AS 2301 8 The issuer used a merchant service provider (MSP) to collect and process credit card payments from sales transactions. The funds held by the MSP were commingled with funds of its other clients and maintained in a bank account in the name of the MSP and the issuer was not authorized to withdraw the funds directly from this bank account. The firm did not perform procedures beyond inquiry of management and the MSP and reviewing the agreement between the issuer and MSP to test the presentation and disclosure of this asset. (AS 2301.08) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The issuer entered into a contract with a customer that contained multiple products and services. The following deficiencies were identified: - The firm did not identify and appropriately address a departure from GAAP related to the issuer's recognition of all revenue under this arrangement up front which is not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 The issuer entered into a contract with a customer that contained multiple products and services. The following deficiencies were identified: - The firm did not identify and appropriately address a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 280 Segment Reporting. (AS 2810.30 and .31) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 31 The issuer entered into a contract with a customer that contained multiple products and services. The following deficiencies were identified: - The firm did not identify and appropriately address a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 280 Segment Reporting. (AS 2810.30 and .31) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 8 The issuer entered into a contract with a customer that contained multiple products and services. The following deficiencies were identified: - In its testing the firm identified evidence indicating that the issuer may not have had legal title to the products and services it offered under this arrangement. The firm did not perform any substantive procedures to evaluate this contradictory evidence and the related effect on revenue recognition. (AS 2301.08; AS 2810.03) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 3 The issuer entered into a contract with a customer that contained multiple products and services. The following deficiencies were identified: - In its testing the firm identified evidence indicating that the issuer may not have had legal title to the products and services it offered under this arrangement. The firm did not perform any substantive procedures to evaluate this contradictory evidence and the related effect on revenue recognition. (AS 2301.08; AS 2810.03) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 30 The issuer entered into a contract with a customer that contained multiple products and services. The following deficiencies were identified: - The firm did not perform any substantive procedures to evaluate whether the issuer's conclusion that the products and services sold under this arrangement consisted of a single performance obligation was in conformity with FASB ASC Topic 606. (AS 2810.30) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2301 8 The issuer entered into a contract with a customer that contained multiple products and services. The following deficiencies were identified: - The firm did not perform any substantive procedures beyond inquiry of management to test whether the performance obligation was satisfied prior to the recognition of revenue. (AS 2301.08) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2810 30 During the year the issuer merged with another company in a business combination. The firm did not evaluate whether the issuer appropriately recognized and measured this merger in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Asset 7 AS 2301 8 The firm did not perform any substantive procedures to test the value of a certain asset. (AS 2301.08) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Asset 8 AS 2502 15 With respect to a certain asset to evaluate the possible impairment of this asset the issuer estimated the fair value of this asset using forecasted cash flows and other assumptions. The firm did not perform any procedures beyond inquiry of management and reviewing the issuer's analysis to test the issuer's fair value measurement. (AS 2502.15) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Asset 9 AS 2301 8 With respect to a certain asset to evaluate the possible impairment of this asset the issuer estimated the fair value of this asset using forecasted cash flows and other assumptions. The firm did not perform any procedures to evaluate whether events and circumstances continued to support the established useful life for this asset. (AS 2301.08) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction 10 AS 2410 17 The firm included evidence in its audit work papers indicating that an entity associated with a related party transaction was inconsistent with the entity disclosed in the financial statements for this transaction. The firm did not perform any procedures to evaluate this contradictory evidence and whether it had an effect on the financial statement disclosures. (AS 2410.17; AS 2810.03) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transaction 10 AS 2810 3 The firm included evidence in its audit work papers indicating that an entity associated with a related party transaction was inconsistent with the entity disclosed in the financial statements for this transaction. The firm did not perform any procedures to evaluate this contradictory evidence and whether it had an effect on the financial statement disclosures. (AS 2410.17; AS 2810.03) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2501 16 The issuer did not record an allowance for doubtful accounts based on an assumption. The firm's approach for evaluating the reasonableness of this assumption was to develop an independent expectation of the issuer's assumption. The following deficiencies were identified: - The firm did not demonstrate that it had a reasonable basis for an assumption it used to develop its independent expectation. (AS 2501.16) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 1105 10 With respect to Accounts Receivable the issuer did not record an allowance for doubtful accounts based on an assumption. The firm's approach for evaluating the reasonableness of this assumption was to develop an independent expectation of the issuer's assumption. The following deficiencies were identified: - The firm did not perform any procedures to test or in the alternative identify and test any controls over the accuracy and completeness of issuer data that the firm used to develop its independent expectation. (AS 1105.10) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2810 30 During the year the issuer merged with another company in a business combination. The firm did not evaluate whether the issuer appropriately recognized and measured this merger in conformity with FASB ASC Topic 805. (AS 2810.30) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Estimate 4 AS 2501 22 The firm's approach for substantively testing a significant estimate was to develop an independent expectation. The firm did not demonstrate that it had a reasonable basis for its independent expectation. (AS 2501.22) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm's substantive procedures to test revenue included testing a sample of revenue transactions and performing year-end cut-off procedures. The following deficiencies were identified: - For certain selected transactions the firm did not perform any procedures to test whether performance obligations had been satisfied prior to the recognition of revenue. (AS 2301.08) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2501 7 The firm's substantive procedures to test revenue included testing a sample of revenue transactions and performing year-end cut-off procedures. The following deficiencies were identified: - For contracts with multiple performance obligations the firm did not perform substantive procedures to test the allocation of the transaction price to each performance obligation beyond comparing the allocation to the payment terms in the contract. (AS 2501.07) Triennially Inspected 6723 JP Centurion & Partners PLT 2021 Malaysia 2022-10-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 1105 10 The firm's substantive procedures to test revenue included testing a sample of revenue transactions and performing year-end cut-off procedures. The following deficiencies were identified: - The firm did not perform any procedures to test or in the alternative identify and test any controls over the completeness of the revenue transactions tested in its cut-off procedures. (AS 1105.10) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 B21 The issuer used an application to process revenue transactions and maintain related data. A service organization provided software and data center hosting services related to this application. The firm did not evaluate whether the service auditor's report provided sufficient evidence because the firm did not assess the scope of the examination and applications covered the controls tested the way in which tested controls relate to the issuer's controls and the results of those tests of controls. (AS 2201.B21) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used an application to process revenue transactions and maintain related data. A service organization provided software and data center hosting services related to this application. The firm did not perform any procedures to ascertain whether there were any changes in the service organization's controls from the date of the service auditor's report to year end given the length of period under audit not covered by the service auditor's report. (AS 2201.39 .B24 and .B25) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 B24 The issuer used an application to process revenue transactions and maintain related data. A service organization provided software and data center hosting services related to this application. The firm did not perform any procedures to ascertain whether there were any changes in the service organization's controls from the date of the service auditor's report to year end given the length of period under audit not covered by the service auditor's report. (AS 2201.39 .B24 and .B25) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 B25 The issuer used an application to process revenue transactions and maintain related data. A service organization provided software and data center hosting services related to this application. The firm did not perform any procedures to ascertain whether there were any changes in the service organization's controls from the date of the service auditor's report to year end given the length of period under audit not covered by the service auditor's report. (AS 2201.39 .B24 and .B25) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer used an application to process revenue transactions and maintain related data. A service organization provided software and data center hosting services related to this application. The application interfaced with a revenue recognition and reporting application. The firm selected for testing controls over change management for these applications. The firm did not evaluate whether users with access to develop program changes also had the ability to implement program changes. (AS 2201.42 and .44) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used an application to process revenue transactions and maintain related data. A service organization provided software and data center hosting services related to this application. The application interfaced with a revenue recognition and reporting application. The firm selected for testing controls over change management for these applications. The firm did not evaluate whether users with access to develop program changes also had the ability to implement program changes. (AS 2201.42 and .44) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 55 The issuer used an application to process revenue transactions and maintain related data. A service organization provided software and data center hosting services related to this application. The application interfaced with a revenue recognition and reporting application. The firm tested a control over the periodic review of access to these two applications at an interim date but did not perform any procedures to update the results of that testing from the interim date to year end. (AS 2201.55) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 The firm did not perform sufficient substantive procedures to test or identify and test controls over the completeness of reports it used to make selections for testing these change management controls and certain other controls over logical access because it limited its procedures to observing the issuer generate the reports. (AS 1105.10) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 The firm did not identify and test any controls over changes and privileged access to the database that supports these two applications. (AS 2201.39) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 46 The firm tested information technology (IT) dependent manual controls that used reports generated by the two applications. The firm's approach to test the accuracy and completeness of these reports depended on effective IT general controls. In addition the firm tested certain automated application controls within the two applications as of a point in time. As a result of the above deficiencies the firm's testing of these controls was not sufficient. (AS 2201.46) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 8 Certain of the issuer's contracts contained multiple performance obligations. The firm selected a sample of contracts for testing. The firm did not perform substantive procedures to evaluate the reasonableness of the allocation of the transaction price to the separate performance obligations for the contracts selected with multiple performance obligations. (AS 2301.08) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 8 Certain of the issuer's contracts contained multiple performance obligations. The firm selected a sample of contracts for testing. The firm did not perform sufficient procedures to test that performance obligations were satisfied for certain of the contracts because the firm limited its procedures to obtaining reports from the issuer. (AS 2301.08) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 10 AS 1105 A8a The issuer engaged an external specialist to determine the fair value of a significant account. The following deficiencies were identified: - The firm did not evaluate the relevance of certain data from sources external to the issuer that the company's specialist used to develop an assumption. (AS 1105.A8a) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 11 AS 1105 A8a The issuer engaged an external specialist to determine the fair value of a significant account. The following deficiencies were identified: - The firm did not evaluate the relevance and reliability of certain other data from sources external to the issuer that the company's specialist used to develop its assumptions. (AS 1105.A8a) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 12 AS 1105 A8a The issuer engaged an external specialist to determine the fair value of a significant account. The following deficiencies were identified: - The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 13 AS 2501 16 The issuer engaged an external specialist to determine the fair value of a significant account. The following deficiencies were identified: - The firm did not perform sufficient procedures to evaluate certain significant assumptions developed by the issuer that the company's specialist used. Specifically beyond comparing assumptions for the current year to actual results the firm did not evaluate (1) whether the assumptions were consistent with historical and recent experience taking into account changes in conditions and events affecting the issuer and (2) the issuer's intent and ability to carry out the assumptions. (AS 2501.16 and .17) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 13 AS 2501 17 The issuer engaged an external specialist to determine the fair value of a significant account. The following deficiencies were identified: - The firm did not perform sufficient procedures to evaluate certain significant assumptions developed by the issuer that the company's specialist used. Specifically beyond comparing assumptions for the current year to actual results the firm did not evaluate (1) whether the assumptions were consistent with historical and recent experience taking into account changes in conditions and events affecting the issuer and (2) the issuer's intent and ability to carry out the assumptions. (AS 2501.16 and .17) Triennially Inspected 32 Armanino LLP 2021 United States 2022-10-06T00:00:00 Part I.A B No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of revenue and was dependent on system information. The firm did not sufficiently evaluate the design of this control because the firm did not identify that the procedures that the control owner performed to ensure that the system information was accurate and complete were limited to reviewing the parameters that were applied to generate the system information. (AS 2201.42) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 42 During the year the issuer acquired a business entity. The firm selected for testing a control over the review of valuation of the assets acquired and liabilities assumed in the business combination. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 44 During the year the issuer acquired a business entity. The firm selected for testing a control over the review of valuation of the assets acquired and liabilities assumed in the business combination. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2502 26 During the year the issuer acquired a business entity. The firm did not perform any substantive procedures beyond inquiry to evaluate the reasonableness of certain assumptions used to determine the fair value of an acquired intangible asset. (AS 2502.26 and .28) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2502 28 During the year the issuer acquired a business entity. The firm did not perform any substantive procedures beyond inquiry to evaluate the reasonableness of certain assumptions used to determine the fair value of an acquired intangible asset. (AS 2502.26 and .28) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 2501 9 During the year the issuer acquired a business entity. The firm did not perform sufficient procedures to evaluate the useful life of this intangible asset because it limited its procedures to inquiry and tracing the useful life to the issuer's amortization policy. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 2501 10 During the year the issuer acquired a business entity. The firm did not perform sufficient procedures to evaluate the useful life of this intangible asset because it limited its procedures to inquiry and tracing the useful life to the issuer's amortization policy. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 2501 11 During the year the issuer acquired a business entity. The firm did not perform sufficient procedures to evaluate the useful life of this intangible asset because it limited its procedures to inquiry and tracing the useful life to the issuer's amortization policy. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The firm selected revenue transactions for substantive testing. For certain transactions the firm did not perform any substantive procedures to evaluate whether the performance obligation had been satisfied before revenue was recognized. (AS 2301.08) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 1105 10 The firm did not perform substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of certain data and reports used in its substantive procedures to test revenue deferred revenue and accounts receivable. (AS 1105.10) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 1105 10 The firm did not perform substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of certain data and reports used in its substantive procedures to test revenue deferred revenue and accounts receivable. (AS 1105.10) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 The firm did not perform substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of certain data and reports used in its substantive procedures to test revenue deferred revenue and accounts receivable. (AS 1105.10) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2301 37 The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 37 The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2301 42 The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 42 The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2315 16 The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 16 The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2315 19 The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 19 The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2315 23 The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23 The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2315 23A The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23A The sample sizes the firm used in its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 166 Plante & Moran, PLLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2301 8 The firm used a proprietary accept/reject methodology for substantive testing. With respect to deferred revenue the firm identified misstatements but did not reject the test and perform other audit procedures. (AS 2301.08) Triennially Inspected 536 Morison Cogen LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2301 8 The issuer recognized revenue on a straight-line basis over an estimated performance period. The firm did not sufficiently evaluate the appropriateness of recognizing revenue on a straight-line basis because it did not evaluate whether the issuer's efforts or expected inputs were expended evenly throughout the estimated performance period. (AS 2301.08) In connection with our review the issuer reevaluated its accounting for revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 536 Morison Cogen LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2301 8 The issuer recognized revenue on a straight-line basis over an estimated performance period. The firm did not evaluate the reasonableness of the estimated performance period. (AS 2301.08) In connection with our review the issuer reevaluated its accounting for revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 536 Morison Cogen LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Capitalized Software 3 AS 2501 7 The issuer incurred costs related to software development and capitalized certain of these costs using a percentage. The firm did not evaluate the reasonableness of this percentage. (AS 2501.07) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 536 Morison Cogen LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Capitalized Software 4 AS 2301 8 The issuer incurred costs related to software development and capitalized certain of these costs using a percentage. The firm did not evaluate whether certain software costs met the criteria for capitalization. (AS 2301.08) Triennially Inspected 536 Morison Cogen LLP 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Capitalized Software 5 AS 2301 8 The firm did not evaluate whether the issuer considered certain events or changes in circumstances including the issuer's operating losses negative cash flows negative working capital and substantial doubt about the issuer's ability to continue as a going concern in determining that the carrying value of the capitalized software was recoverable. (AS 2301.08) Triennially Inspected 1045 Deloitte Touche Tohmatsu Auditores Independentes Ltda. 2021 Brazil Deloitte Touche Tohmatsu Limited 2022-10-06T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control that included monthly reviews of income statement accounts including a comparison of the actual results to forecasted amounts and the investigation of variances over a specified threshold. The firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for investigation were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1045 Deloitte Touche Tohmatsu Auditores Independentes Ltda. 2021 Brazil Deloitte Touche Tohmatsu Limited 2022-10-06T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control that included monthly reviews of income statement accounts including a comparison of the actual results to forecasted amounts and the investigation of variances over a specified threshold. The firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for investigation were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1045 Deloitte Touche Tohmatsu Auditores Independentes Ltda. 2021 Brazil Deloitte Touche Tohmatsu Limited 2022-10-06T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm selected for testing a control that included monthly reviews of income statement accounts including a comparison of the actual results to forecasted amounts and the investigation of variances over a specified threshold. The firm did not identify and test any controls over the accuracy and completeness of forecasted amounts used in the operation of this control. (AS 2201.39) Triennially Inspected 1045 Deloitte Touche Tohmatsu Auditores Independentes Ltda. 2021 Brazil Deloitte Touche Tohmatsu Limited 2022-10-06T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1045 Deloitte Touche Tohmatsu Auditores Independentes Ltda. 2021 Brazil Deloitte Touche Tohmatsu Limited 2022-10-06T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1045 Deloitte Touche Tohmatsu Auditores Independentes Ltda. 2021 Brazil Deloitte Touche Tohmatsu Limited 2022-10-06T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1045 Deloitte Touche Tohmatsu Auditores Independentes Ltda. 2021 Brazil Deloitte Touche Tohmatsu Limited 2022-10-06T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1045 Deloitte Touche Tohmatsu Auditores Independentes Ltda. 2021 Brazil Deloitte Touche Tohmatsu Limited 2022-10-06T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 1 AS 2201 39 The issuer acquired certain intangible assets through business combinations. The following deficiencies were identified: - The firm did not test any controls over the determination of the estimated useful lives assigned to these intangible assets. (AS 2201.39) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 2 AS 2810 30 The issuer acquired certain intangible assets through business combinations. The following deficiencies were identified: - The firm did not identify and evaluate the significance to the financial statements of the issuer's recording of these assets as indefinite lived intangible assets rather than finite lived intangible assets with estimated useful lives based on their remaining contractual terms in conformity with International Accounting Standard (IAS) 38 Intangible Assets. (AS 2810.30 and .31) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 2 AS 2810 31 The issuer acquired certain intangible assets through business combinations. The following deficiencies were identified: - The firm did not identify and evaluate the significance to the financial statements of the issuer's recording of these assets as indefinite lived intangible assets rather than finite lived intangible assets with estimated useful lives based on their remaining contractual terms in conformity with International Accounting Standard (IAS) 38 Intangible Assets. (AS 2810.30 and .31) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2810 30 The issuer estimated the value-in-use (VIU) of its cash-generating units ('CGUs') to evaluate goodwill for impairment. For two of the issuer's CGUs the firm did not evaluate the significance to the financial statements of the issuer's use of estimated post-tax future cash flows and a post-tax discount rate to estimate the VIU of the CGUs rather than using estimated pre-tax future cash flows and a pre-tax discount rate in the VIU calculations in conformity with IAS 36 Impairment of Assets ('IAS 36'). (AS 2810.30) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of certain revenue transactions. For positive confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the delivery of services had occurred for those selections. (AS 2310.31) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 2810 30 The issuer calculated depreciation and amortization ('D&A') of its long-lived assets based on their economic lives without consideration of any legal or other limits on the use of the assets. The firm did not identify and evaluate the significance to the financial statements of the issuer's use of the economic life of certain long-lived assets to calculate D&A rather than using the contractual terms of the assets which for certain properties were shorter in duration than their respective economic lives in conformity with IAS 16 Property Plant and Equipment. (AS 2810.30 and .31) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 2810 31 The issuer calculated depreciation and amortization ('D&A') of its long-lived assets based on their economic lives without consideration of any legal or other limits on the use of the assets. The firm did not identify and evaluate the significance to the financial statements of the issuer's use of the economic life of certain long-lived assets to calculate D&A rather than using the contractual terms of the assets which for certain properties were shorter in duration than their respective economic lives in conformity with IAS 16 Property Plant and Equipment. (AS 2810.30 and .31) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 2 AS 2810 30 The issuer estimated the VIU of its CGUs to evaluate long-lived assets for impairment. For certain CGUs the firm did not identify and evaluate the significance to the financial statements of the issuer's: - Exclusion of the valuation of land associated with the CGUs in the determination of their carrying amounts rather than including such amounts in the determination in conformity with IAS 36. (AS 2810.30) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 3 AS 2810 30 The issuer estimated the VIU of its CGUs to evaluate long-lived assets for impairment. For certain CGUs the firm did not identify and evaluate the significance to the financial statements of the issuer's: - Exclusion of the estimated net cash flows if any to be received (or paid) from the disposal of the CGUs at the end of their useful life when estimating their VIU rather than including such amounts in the VIU calculations in conformity with IAS 36. (AS 2810.30) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 4 AS 2810 30 The issuer estimated the VIU of its CGUs to evaluate long-lived assets for impairment. For certain CGUs the firm did not identify and evaluate the significance to the financial statements of the issuer's: - Use of a 25-year remaining life of the assets of the CGUs in estimating their future cash flows for purposes of estimating their VIU rather than using the shorter of the economic life or contractual term of the assets in the VIU calculations in conformity with IAS 36. (AS 2810.30) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 5 AS 2810 30 The issuer estimated the VIU of its CGUs to evaluate long-lived assets for impairment. For certain CGUs the firm did not identify and evaluate the significance to the financial statements of the issuer's: - Inclusion in its estimation of the CGUs' VIU of estimated future cash flows related to planned major maintenance that would result in improvements or enhancements to the CGUs' performance rather than excluding such cash flows from the VIU calculations in conformity with IAS 36. (AS 2810.30) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 6 AS 2810 30 For certain CGUs the firm also did not perform procedures to evaluate whether: - The estimated future cash outflows related to corporate expenses the issuer allocated to the CGUs and used to estimate their VIU could be attributed directly or were appropriately allocated on a reasonable and consistent basis to the use of the CGUs' assets in conformity with IAS 36. (AS 2810.30) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 7 AS 2810 30 For certain CGUs the firm also did not perform procedures to evaluate whether: - The estimated future cash outflows related to certain duties should be included in the issuer's estimation of the CGUs' VIU in conformity with IAS 36 (AS 2810.30). Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 8 AS 1105 10 For certain CGUs the firm did not sufficiently test the accuracy and completeness of certain data used by the issuer to estimate the CGUs' VIU because its procedures were limited to agreeing the data to certain systems for which the firm did not test information technology general controls. (AS 1105.10) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 9 AS 1105 A8a The firm did not test or in the alternative identify and test controls over the accuracy and completeness of certain issuer-produced data used by company-employed specialists to develop certain inputs used in the D&A and VIU calculations. (AS 1105.A8a) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 10 AS 2501 15 The firm did not perform any procedures to identify the significant assumptions used by the issuer in its VIU calculations of certain CGUs. (AS 2501.15) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 11 AS 2501 16 The firm did not perform sufficient procedures to evaluate the reasonableness of certain assumptions included in the VIU calculations including taking into account the issuer's ability to carry out its stated intentions regarding the assumptions because its procedures were limited to comparing those assumptions to historical information. (AS 2501.16 and .17) Triennially Inspected 1141 KPMG Cardenas Dosal, S.C. 2021 Mexico KPMG International Cooperative 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 11 AS 2501 17 The firm did not perform sufficient procedures to evaluate the reasonableness of certain assumptions included in the VIU calculations including taking into account the issuer's ability to carry out its stated intentions regarding the assumptions because its procedures were limited to comparing those assumptions to historical information. (AS 2501.16 and .17) Triennially Inspected 1381 KAP Purwantono, Sungkoro & Surja 2021 Indonesia Ernst & Young Global Limited 2022-10-06T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Loans Receivable 1 AS 2310 31 The firm sent positive confirmation requests to the issuer's borrowers for a sample of loans receivable as of an interim date. For positive confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the receivables were accurate as of the confirmation date. (AS 2310.31) Triennially Inspected 1381 KAP Purwantono, Sungkoro & Surja 2021 Indonesia Ernst & Young Global Limited 2022-10-06T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Loans Receivable 2 AS 2301 45 The firm sent positive confirmation requests to the issuer's borrowers for a sample of loans receivable as of an interim date. The firm did not perform sufficient procedures to extend its audit conclusions on the existence of loans receivable for the period between its interim testing and year end because the firm limited its procedures to agreeing loan activity from the issuer's system between the interim date and year end to borrower statements generated from the same system. (AS 2301.45) Triennially Inspected 1381 KAP Purwantono, Sungkoro & Surja 2021 Indonesia Ernst & Young Global Limited 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Journal Entries 1 AS 2401 61 The firm selected for testing journal entries meeting certain fraud criteria. The firm did not perform sufficient procedures to test these journal entries because it did not examine the underlying support for the entries and instead limited its procedures to inquiring of management and reading the journal entry descriptions. (AS 2401.61) Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 9 The issuer maintained an ALL related to loans receivable which included a collectively assessed component ('Collective Reserve') and an individually assessed component ('Individual Reserve'). The issuer used various models and assumptions to estimate the ALL. The following deficiencies were identified: - The firm's approach for substantively testing the Collective Reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the Collective Reserve because the firm did not perform procedures to test certain assumptions the issuer used to determine the reserve including the loss rates and portfolio segmentation. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 10 The issuer maintained an ALL related to loans receivable which included a collectively assessed component ('Collective Reserve') and an individually assessed component ('Individual Reserve'). The issuer used various models and assumptions to estimate the ALL. The following deficiencies were identified: - The firm's approach for substantively testing the Collective Reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the Collective Reserve because the firm did not perform procedures to test certain assumptions the issuer used to determine the reserve including the loss rates and portfolio segmentation. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 11 The issuer maintained an ALL related to loans receivable which included a collectively assessed component ('Collective Reserve') and an individually assessed component ('Individual Reserve'). The issuer used various models and assumptions to estimate the ALL. The following deficiencies were identified: - The firm's approach for substantively testing the Collective Reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the Collective Reserve because the firm did not perform procedures to test certain assumptions the issuer used to determine the reserve including the loss rates and portfolio segmentation. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 7 The issuer maintained an ALL related to loans receivable which included a collectively assessed component ('Collective Reserve') and an individually assessed component ('Individual Reserve'). The issuer used various models and assumptions to estimate the ALL. The following deficiencies were identified: - The firm did not perform procedures to test the Individual Reserve beyond recalculating the days past due for each loan in the population determining the aging bucket for the respective loans and re-performing the issuer's calculation of the reserve using the issuer's loan risk level and associated loss rate assumptions. (AS 2501.07) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2810 30 The issuer maintained an ALL related to loans receivable which included a collectively assessed component ('Collective Reserve') and an individually assessed component ('Individual Reserve'). The issuer used various models and assumptions to estimate the ALL. The following deficiencies were identified: - The firm did not identify and appropriately address a departure from IFRS related to the issuer's presentation of repayments of loans from customers as cash flows from investing activities in the statement of cash flows rather than cash flows from operating activities in conformity with IAS 7 Statement of Cash Flows. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated the presentation of cash flows from the repayment of loans from customers in the statement of cash flows and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm issued a special report regarding those adjustments. Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2810 31 The issuer maintained an ALL related to loans receivable which included a collectively assessed component ('Collective Reserve') and an individually assessed component ('Individual Reserve'). The issuer used various models and assumptions to estimate the ALL. The following deficiencies were identified: - The firm did not identify and appropriately address a departure from IFRS related to the issuer's presentation of repayments of loans from customers as cash flows from investing activities in the statement of cash flows rather than cash flows from operating activities in conformity with IAS 7 Statement of Cash Flows. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated the presentation of cash flows from the repayment of loans from customers in the statement of cash flows and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm issued a special report regarding those adjustments. Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2301 8 The issuer completed a business combination during the year in which it divested a wholly-owned subsidiary and acquired all of the issued and outstanding shares of another company for cash consideration and the issuance of stock in a series of related divestiture and acquisition transactions. The issuer recorded the acquisition as a reverse merger for accounting and financial reporting purposes. The firm did not perform procedures to test the business combination beyond summarizing the terms of the related transactions and evaluating the appropriateness of the issuer's accounting treatment and financial statement presentation. (AS 2301.08) Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2810 30 The issuer completed a business combination during the year in which it divested a wholly-owned subsidiary and acquired all of the issued and outstanding shares of another company for cash consideration and the issuance of stock in a series of related divestiture and acquisition transactions. The issuer recorded the acquisition as a reverse merger for accounting and financial reporting purposes. The firm did not identify and appropriately address a departure from IFRS related to the issuer's accounting for and recognition of certain expenses relating to the business combination in conformity with IFRS 3 Business Combinations. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain expenses relating to the business combination and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm issued a special report regarding those adjustments. Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2810 31 The issuer completed a business combination during the year in which it divested a wholly-owned subsidiary and acquired all of the issued and outstanding shares of another company for cash consideration and the issuance of stock in a series of related divestiture and acquisition transactions. The issuer recorded the acquisition as a reverse merger for accounting and financial reporting purposes. The firm did not identify and appropriately address a departure from IFRS related to the issuer's accounting for and recognition of certain expenses relating to the business combination in conformity with IFRS 3 Business Combinations. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for certain expenses relating to the business combination and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm issued a special report regarding those adjustments. Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2301 8 The firm did not perform any procedures to test the adjustments recorded by the issuer to correct the misstatement to its financial statements related to the business combination. (AS 2301.08) Triennially Inspected 1416 RT LLP 2021 Singapore 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 7 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 2015 Barzily&Co Certified Public Accountants 2021 Israel 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 1 AS 1201 C6 The firm's approach for substantively testing the fair value of a certain asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the appropriateness of the method used by the issuer to develop the fair value. The firm did not evaluate the work performed by the auditor-employed specialist or otherwise perform any procedures to evaluate the appropriateness of the method. (AS 1201.C6 and .C7; AS 2501.10) Triennially Inspected 2015 Barzily&Co Certified Public Accountants 2021 Israel 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 1 AS 1201 C7 The firm's approach for substantively testing the fair value of a certain asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the appropriateness of the method used by the issuer to develop the fair value. The firm did not evaluate the work performed by the auditor-employed specialist or otherwise perform any procedures to evaluate the appropriateness of the method. (AS 1201.C6 and .C7; AS 2501.10) Triennially Inspected 2015 Barzily&Co Certified Public Accountants 2021 Israel 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 1 AS 2501 10 The firm's approach for substantively testing the fair value of a certain asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the appropriateness of the method used by the issuer to develop the fair value. The firm did not evaluate the work performed by the auditor-employed specialist or otherwise perform any procedures to evaluate the appropriateness of the method. (AS 2501.10) Triennially Inspected 2015 Barzily&Co Certified Public Accountants 2021 Israel 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 2 AS 2501 16 The firm's approach for substantively testing the fair value of a certain asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the appropriateness of the method used by the issuer to develop the fair value. The firm did not evaluate the reasonableness of a significant assumption developed by the issuer and used to develop the fair value of this asset. (AS 2501.16) Triennially Inspected 2015 Barzily&Co Certified Public Accountants 2021 Israel 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 3 AS 2301 8 The firm did not perform procedures to test the completeness of certain liabilities. (AS 2301.08) Triennially Inspected 2015 Barzily&Co Certified Public Accountants 2021 Israel 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 4 AS 2501 7 The firm did not perform procedures to test the fair value of certain liabilities and certain other assets. (AS 2501.07) Triennially Inspected 2015 Barzily&Co Certified Public Accountants 2021 Israel 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 5 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Significant Accounts 1 AS 2301 8 With respect to Certain Significant Accounts the firm did not perform any substantive procedures to test the significant accounts for one of the issuer's business units. (AS 2301.08) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Significant Accounts 2 AS 2810 30 With respect to Certain Significant Accounts the firm did not evaluate whether cash flows associated with these significant accounts were presented in conformity with GAAP. (AS 2810.30) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Significant Accounts 3 AS 2810 30 With respect to Certain Significant Accounts the firm did not identify and appropriately address a GAAP departure related to the issuer's omission of certain required disclosures related to this business unit. (AS 2810.30 and .31) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Significant Accounts 3 AS 2810 31 With respect to Certain Significant Accounts the firm did not identify and appropriately address a GAAP departure related to the issuer's omission of certain required disclosures related to this business unit. (AS 2810.30 and .31) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 4 AS 2301 8 With respect to Deferred Revenue the firm did not perform any substantive procedures to test revenue and deferred revenue. (AS 2301.08) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2301 8 With respect to Revenue the firm did not perform any substantive procedures to test revenue and deferred revenue. (AS 2301.08) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 2310 31 With respect to Accounts Receivable the firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. For the items in its sample for which the requested confirmations were not returned the firm did not perform alternative procedures that provided sufficient evidence that these balances represented valid receivable balances as of the confirmation date. (AS 2310.31) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 6 AS 2301 8 With respect to Accounts Receivable the firm did not perform any substantive procedures to test the collectability of accounts receivable. (AS 2301.08) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 With respect to Revenue the firm did not perform any substantive procedures to test revenue. (AS 2301.08) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Equity-Related Transactions 2 AS 2301 8 With respect to Equity-Related Transactions during the year the issuer recorded various equity-related transactions that included stock-based compensation. The firm did not perform any substantive procedures to test these equity-related transactions. (AS 2301.08) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Equity-Related Transactions 3 AS 2810 30 With respect to Equity-Related Transactions during the year the issuer recorded various equity-related transactions that included stock-based compensation. The firm did not evaluate whether the issuer's stock-based compensation disclosures were in conformity with FASB ASC Topic 718 Compensation — Stock Compensation. (AS 2810.30 and .31) Triennially Inspected 6285 Boyle CPA, LLC 2021 United States 2022-10-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Equity-Related Transactions 3 AS 2810 31 With respect to Equity-Related Transactions during the year the issuer recorded various equity-related transactions that included stock-based compensation. The firm did not evaluate whether the issuer's stock-based compensation disclosures were in conformity with FASB ASC Topic 718 Compensation — Stock Compensation. (AS 2810.30 and .31) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 46 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test change management controls because the firm did not consider all program changes in making its selections for testing. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 42 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test change management controls because the firm did not consider all program changes in making its selections for testing. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test change management controls because the firm did not consider all program changes in making its selections for testing. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 44 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test change management controls because the firm did not consider all program changes in making its selections for testing. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test privileged access controls because the firm did not (1) consider all privileged access users in making its selections for testing and (2) test the procedures that control owners performed to evaluate the appropriateness of access. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2201 42 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test privileged access controls because the firm did not (1) consider all privileged access users in making its selections for testing and (2) test the procedures that control owners performed to evaluate the appropriateness of access. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test privileged access controls because the firm did not (1) consider all privileged access users in making its selections for testing and (2) test the procedures that control owners performed to evaluate the appropriateness of access. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2201 44 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test privileged access controls because the firm did not (1) consider all privileged access users in making its selections for testing and (2) test the procedures that control owners performed to evaluate the appropriateness of access. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 42 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test the periodic user account review control because the firm did not sufficiently evaluate whether the control as designed could effectively prevent or detect a material misstatement because the firm did not consider whether every user was assigned to an approver or the appropriateness of permissions granted to roles. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2201 42 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test the periodic user account review control because the firm did not sufficiently evaluate whether the control as designed could effectively prevent or detect a material misstatement because the firm did not consider whether every user was assigned to an approver or the appropriateness of permissions granted to roles. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 44 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test the periodic user account review control because the firm did not sufficiently evaluate whether the control as designed could effectively prevent or detect a material misstatement because the firm did not consider whether every user was assigned to an approver or the appropriateness of permissions granted to roles. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2201 44 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The firm did not sufficiently test the periodic user account review control because the firm did not sufficiently evaluate whether the control as designed could effectively prevent or detect a material misstatement because the firm did not consider whether every user was assigned to an approver or the appropriateness of permissions granted to roles. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The engagement team did not identify and test any controls over the accuracy and completeness of user access lists used in the operation of the control including whether all users were included and all access roles for each user were listed for review. (AS 2201.39) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2201 39 The issuer used multiple information technology (IT) applications to initiate process and record transactions related to revenue and related accounts and inventory. The firm selected for testing certain automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these applications. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). - The engagement team did not identify and test any controls over the accuracy and completeness of user access lists used in the operation of the control including whether all users were included and all access roles for each user were listed for review. (AS 2201.39) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2201 42 With respect to Revenue and Related Accounts the firm selected for testing certain automated application controls related to revenue. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2201 44 With respect to Revenue and Related Accounts the firm selected for testing certain automated application controls related to revenue. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2201 B9 With respect to Revenue and Related Accounts the firm selected for testing certain automated application controls related to revenue. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 7 AS 2201 42 With respect to Revenue and Related Accounts the firm selected for testing two controls that consisted of reviews of contracts and analyses for appropriate accounting treatment under FASB ASC Topic 606 Revenue from Contracts with Customers. The firm did not evaluate the specific review procedures performed by the control owners to ensure appropriate evaluation of revenue recognition criteria. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 7 AS 2201 44 With respect to Revenue and Related Accounts the firm selected for testing two controls that consisted of reviews of contracts and analyses for appropriate accounting treatment under FASB ASC Topic 606 Revenue from Contracts with Customers. The firm did not evaluate the specific review procedures performed by the control owners to ensure appropriate evaluation of revenue recognition criteria. (AS 2201.42 and .44) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2201 39 With respect to Revenue and Related Accounts the firm selected for testing two controls that consisted of reviews of contracts and analyses for appropriate accounting treatment under FASB ASC Topic 606 Revenue from Contracts with Customers. The engagement team did not identify and test any controls over the completeness of the population of new and amended contracts used in the operation of one of the controls. (AS 2201.39) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 9 AS 2301 8 With respect to Revenue and Related Accounts to test certain revenue the firm selected sales transactions for testing. The firm did not perform sufficient procedures to test this revenue because its procedures were limited to (1) verifying that contracts were approved and (2) reading the issuer's technical accounting memorandums regarding the implementation of ASC Topic 606 for certain contracts that were entered into in years prior to the year under audit. (AS 2301.08) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 10 AS 2301 37 With respect to Revenue and Related Accounts to test certain revenue the firm selected sales transactions for testing. The number of transactions the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 10 AS 2301 42 With respect to Revenue and Related Accounts to test certain revenue the firm selected sales transactions for testing. The number of transactions the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 10 AS 2315 16 With respect to Revenue and Related Accounts to test certain revenue the firm selected sales transactions for testing. The number of transactions the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 10 AS 2315 19 With respect to Revenue and Related Accounts to test certain revenue the firm selected sales transactions for testing. The number of transactions the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 10 AS 2315 23 With respect to Revenue and Related Accounts to test certain revenue the firm selected sales transactions for testing. The number of transactions the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 10 AS 2315 23A With respect to Revenue and Related Accounts to test certain revenue the firm selected sales transactions for testing. The number of transactions the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because it used a proprietary accept/reject methodology that did not consider factors relevant to determining sample size for substantive testing. (AS 2301.37 and .42; AS 2315.16 .19 .23 and .23A) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 11 AS 2201 42 The firm selected for testing certain automated application controls related to inventory. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 11 AS 2201 44 The firm selected for testing certain automated application controls related to inventory. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 11 AS 2201 B9 The firm selected for testing certain automated application controls related to inventory. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 12 AS 2301 45 The firm observed for a sample of locations physical inventory counts performed as of various interim dates. The firm did not perform sufficient procedures to extend its audit conclusions on the existence of inventory for the periods between its interim testing and year end because the firm limited its procedures to agreeing inventory movements between the interim dates and year end to system-generated reports. (AS 2301.45) Triennially Inspected 6581 Plante Moran, P.C. 2021 United States 2022-10-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 12 AS 2510 12 The firm observed for a sample of locations physical inventory counts performed as of various interim dates. The firm did not perform sufficient procedures to extend its audit conclusions on the existence of inventory for the periods between its interim testing and year end because the firm limited its procedures to agreeing inventory movements between the interim dates and year end to system-generated reports. (AS 2301.45) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 39 The issuer used a service organization to host maintain and manage the information technology (IT) system that the issuer used to initiate process and record transactions related to the ALL. The firm did not identify and test any complementary user entity controls to place reliance on or identify and test any other controls over the accuracy and completeness of data from the service organization that was used in the operation of controls. (AS 2201.39 and .B22) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 B22 The issuer used a service organization to host maintain and manage the information technology (IT) system that the issuer used to initiate process and record transactions related to the ALL. The firm did not identify and test any complementary user entity controls to place reliance on or identify and test any other controls over the accuracy and completeness of data from the service organization that was used in the operation of controls. (AS 2201.39 and .B22) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 42 The issuer used a service organization to host maintain and manage the information technology (IT) system that the issuer used to initiate process and record transactions related to the ALL. The firm selected for testing controls that consisted of the issuer's review of access to this information system. The firm did not evaluate the specific review procedures that the control owners performed to determine whether to initially grant access to users and whether the granted role access continued to be appropriate. (AS 2201.42 and .44) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 44 The issuer used a service organization to host maintain and manage the information technology (IT) system that the issuer used to initiate process and record transactions related to the ALL. The firm selected for testing controls that consisted of the issuer's review of access to this information system. The firm did not evaluate the specific review procedures that the control owners performed to determine whether to initially grant access to users and whether the granted role access continued to be appropriate. (AS 2201.42 and .44) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of information the control owner obtained from other information systems and used in the operation of certain controls. (AS 2201.39) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of certain loans for potential impairment. The firm did not evaluate the specific review procedures that the control owners performed to review these loans for potential impairment. (AS 2201.42 and .44) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of certain loans for potential impairment. The firm did not evaluate the specific review procedures that the control owners performed to review these loans for potential impairment. (AS 2201.42 and .44) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2201 42 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL that included a qualitative base adjustment based on basis points established for certain qualitative factors and a qualitative overlay adjustment based on assumptions provided by the company's specialist. The firm selected for testing certain controls that consisted of the issuer's review of the ALL including an assessment of the qualitative reserve component. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the qualitative reserve component of the ALL. (AS 2201.42 and .44) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2201 44 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL that included a qualitative base adjustment based on basis points established for certain qualitative factors and a qualitative overlay adjustment based on assumptions provided by the company's specialist. The firm selected for testing certain controls that consisted of the issuer's review of the ALL including an assessment of the qualitative reserve component. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the qualitative reserve component of the ALL. (AS 2201.42 and .44) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2501 16 The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for the basis points used for the qualitative base adjustment and for its selection of basis points from a range of potential basis points. (AS 2501.16) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 7 AS 1105 A8b The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not evaluate the reasonableness of the assumptions developed by the company's specialist that were used in the qualitative overlay adjustment. (AS 1105.A8b) Triennially Inspected 136 Berry, Dunn, McNeil & Parker, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 8 AS 1105 10 The engagement team did not perform any substantive procedures to test or as discussed above sufficiently test controls over the accuracy and completeness of reports from the issuer's systems that the firm used as audit evidence in its substantive procedures. (AS 1105.10) Triennially Inspected 149 Elliott Davis, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 16 The issuer's general reserve component of the ALL included a qualitative reserve that included two components based on qualitative adjustments. The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not perform sufficient procedures to evaluate the reasonableness of the basis points applied to qualitative factors used by the issuer to determine one of the qualitative adjustments because the firm did not evaluate whether the issuer had a reasonable basis for the basis points used. (AS 2501.16) Triennially Inspected 149 Elliott Davis, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 16 The issuer's general reserve component of the ALL included a qualitative reserve that included two components based on qualitative adjustments. The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not perform sufficient procedures to test the other qualitative adjustment because the firm did not evaluate the reasonableness of a significant assumption used in the calculation. (AS 2501.16) Triennially Inspected 149 Elliott Davis, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 3 AS 1105 4 The issuer's general reserve component of the ALL included a qualitative reserve that included two components based on qualitative adjustments. The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not evaluate the relevance of certain external data the issuer used to determine the adjustment. (AS 1105.04 and .06) Triennially Inspected 149 Elliott Davis, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 3 AS 1105 6 The issuer's general reserve component of the ALL included a qualitative reserve that included two components based on qualitative adjustments. The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not evaluate the relevance of certain external data the issuer used to determine the adjustment. (AS 1105.04 and .06) Triennially Inspected 149 Elliott Davis, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 4 AS 1105 10 The issuer's general reserve component of the ALL included a qualitative reserve that included two components based on qualitative adjustments. The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of certain internal data used in the calculation. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Significant Transactions 1 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative identify and test any controls over the accuracy and completeness of certain system-generated data used in the firm's testing of significant transactions. (AS 1105.10) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2021 United States 2022-09-29T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 42 The firm selected for testing certain review controls over long-lived assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2021 United States 2022-09-29T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing certain review controls over revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2021 United States 2022-09-29T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The firm selected for testing certain review controls over long-lived assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2021 United States 2022-09-29T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing certain review controls over revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1755 SyCip Gorres Velayo & Co. 2021 Philippines Ernst & Young Global Limited 2022-09-29T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Inventory 1 AS 2301 8 The firm did not perform any substantive procedures to test the cost of inventory. (AS 2301.08) Triennially Inspected 1820 Swalm & Associates, P.C. 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivables 1 AS 2810 3 The issuer reported certain receivables that were due from a related party. The firm did not perform sufficient procedures to evaluate whether the issuer's presentation of these receivables was in conformity with FASB ASC Topic 310 Receivables because it did not evaluate (1) the nature or terms of the receivables or (2) other relevant information known to the firm. (AS 2810.03 and .30) Triennially Inspected 1820 Swalm & Associates, P.C. 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivables 1 AS 2810 30 The issuer reported certain receivables that were due from a related party. The firm did not perform sufficient procedures to evaluate whether the issuer's presentation of these receivables was in conformity with FASB ASC Topic 310 Receivables because it did not evaluate (1) the nature or terms of the receivables or (2) other relevant information known to the firm. (AS 2810.03 and .30) Triennially Inspected 1820 Swalm & Associates, P.C. 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivables 2 AS 2410 12 The issuer reported certain receivables that were due from a related party. The firm did not sufficiently evaluate whether the issuer had a reasonable basis for concluding that the receivables were fully collectible because it limited its procedures to assessing the related party's shareholders' equity balance. (AS 2410.12) Triennially Inspected 5814 Ram Associates 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill 1 AS 1210 12 The issuer engaged an external specialist to determine its enterprise value and used that valuation in its impairment analysis for goodwill. The external specialist used a combination of the income approach and the market approach. The following deficiencies were identified: • The firm did not perform procedures to evaluate the reasonableness of the projected cash flows provided by the issuer used in the income approach beyond obtaining a listing of the issuer's contracts and reviewing a selection of those contracts. (AS 1210.12) [This citation refers to AS 1210 Using the Work of a Specialist which was in effect for this audit. This standard was replaced by AS 1210 Using the Work of an Auditor-Engaged Specialist. In addition AS 1105 Audit Evidence and AS 1201 Supervision of the Audit Engagement which were in effect for this audit were revised to include appendices for auditor's use of the work of a company's specialist and auditor's supervision of the work of an auditor-employed specialist respectively. This replacement and these revisions are effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 5814 Ram Associates 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill 2 AS 2502 31 The issuer engaged an external specialist to determine its enterprise value and used that valuation in its impairment analysis for goodwill. The external specialist used a combination of the income approach and the market approach. The following deficiencies were identified: • The firm did not perform procedures to evaluate the relevance and reliability of certain information used in the market approach. (AS 2502.31) Triennially Inspected 5814 Ram Associates 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill 3 AS 2502 26 The issuer engaged an external specialist to determine its enterprise value and used that valuation in its impairment analysis for goodwill. The external specialist used a combination of the income approach and the market approach. The following deficiencies were identified: • The firm did not perform procedures to evaluate the reasonableness of the discount rate used in the impairment analysis. (AS 2502.26 and .28) Triennially Inspected 5814 Ram Associates 2021 United States 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill 3 AS 2502 28 The issuer engaged an external specialist to determine its enterprise value and used that valuation in its impairment analysis for goodwill. The external specialist used a combination of the income approach and the market approach. The following deficiencies were identified: • The firm did not perform procedures to evaluate the reasonableness of the discount rate used in the impairment analysis. (AS 2502.26 and .28) Triennially Inspected 6268 Total Asia Associates PLT 2021 Malaysia 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 For the sales transactions selected for testing the firm did not perform procedures to test whether revenue recognition criteria had been satisfied. (AS 2301.08) Triennially Inspected 6268 Total Asia Associates PLT 2021 Malaysia 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 9 The firm did not perform sufficient procedures to test the existence of certain inventory at year end. Specifically the firm's observation procedures were not suitable because they did not provide any evidence of the quantity and physical condition of the inventory. (AS 2510.09) Triennially Inspected 6268 Total Asia Associates PLT 2021 Malaysia 2022-09-29T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 3 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 6268 Total Asia Associates PLT 2021 Malaysia 2022-09-29T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 For the sales transactions selected for testing the firm did not perform procedures to test whether revenue recognition criteria had been satisfied. (AS 2301.08) Triennially Inspected 6268 Total Asia Associates PLT 2021 Malaysia 2022-09-29T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 2 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 6268 Total Asia Associates PLT 2021 Malaysia 2022-09-29T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Leases 1 AS 2501 9 The firm's approach for substantively testing the present value of operating lease right-of-use assets and operating lease liabilities was to review and test management's process. The firm did not perform any procedures to evaluate the reasonableness of the discount rate used to determine the present value. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 6268 Total Asia Associates PLT 2021 Malaysia 2022-09-29T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Leases 1 AS 2501 10 The firm's approach for substantively testing the present value of operating lease right-of-use assets and operating lease liabilities was to review and test management's process. The firm did not perform any procedures to evaluate the reasonableness of the discount rate used to determine the present value. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 6268 Total Asia Associates PLT 2021 Malaysia 2022-09-29T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Leases 1 AS 2501 11 The firm's approach for substantively testing the present value of operating lease right-of-use assets and operating lease liabilities was to review and test management's process. The firm did not perform any procedures to evaluate the reasonableness of the discount rate used to determine the present value. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 58 Fitzgerald & Co., CPAS, P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Journal Entries 1 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer recognized revenue from certain contracts primarily based on sales data. The firm selected controls over revenue for testing that included the use of sales data. The firm's work papers included an adjustment the issuer recorded to previously recognized revenue due to inaccurate sales data. In evaluating the design of the controls selected for testing the firm did not assess the effect of inaccurate sales data on whether the controls could effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The issuer reported a reserve for excess and obsolete inventory. The firm selected for testing a control consisting of the issuer's review of the reserve for the inventory. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions used to determine the reserve for excess inventory. (AS 2201.42 and .44) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The issuer reported a reserve for excess and obsolete inventory. The firm selected for testing a control consisting of the issuer's review of the reserve for the inventory. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions used to determine the reserve for excess inventory. (AS 2201.42 and .44) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The issuer reported a reserve for excess and obsolete inventory. The firm selected for testing a control consisting of the issuer's review of the reserve for the inventory. The firm did not identify and test any controls over the accuracy and completeness of inventory items included in the obsolescence reserve. (AS 2201.39) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2501 16 The firm's approach for substantively testing the excess and obsolete inventory reserve for certain inventory was to test the issuer's process used to develop the reserve. The firm did not evaluate whether the issuer had a reasonable basis for significant assumptions used to develop the reserve for excess inventory and whether those assumptions were consistent with historical or recent experience taking into account changes if any in conditions affecting the issuer. (AS 2501.16) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 1105 10 The firm's approach for substantively testing the excess and obsolete inventory reserve for certain inventory was to test the issuer's process used to develop the reserve. The firm did not perform substantive procedures to test or identify and test any controls over the accuracy and completeness of inventory items included in in the obsolescence reserve. (AS 1105.10) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Participant Distributions 1 AS 1105 10 The firm used certain participant data in its substantive testing of participant distributions. For a sample of participants selected for testing the firm did not sufficiently test the accuracy of certain of the data because it limited its procedures to comparing the data from one system to another system. (AS 1105.10) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Participant Distributions 2 AS 1105 10 The firm used certain participant data in its substantive testing of participant distributions. The firm did not test or in the alternative test any controls over the completeness of the system-generated reports used to make its selections for testing certain participant data. (AS 1105.10) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 4 The firm used data from external sources in its substantive testing of certain revenue but did not perform any substantive procedures to evaluate whether this data was reliable. (AS 1105.04 and .06) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2021 United States 2022-09-15T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 6 The firm used data from external sources in its substantive testing of certain revenue but did not perform any substantive procedures to evaluate whether this data was reliable. (AS 1105.04 and .06) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Income Statement Account 1 AS 2201 39 The firm did not identify and test any controls over the appropriateness of recognition for a portion of an income statement account. (AS 2201.39) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Income Statement Account 2 AS 2201 42 The firm selected for testing certain controls over the occurrence of another portion of this income statement account. The firm did not perform any procedures beyond inquiry to test the design and operating effectiveness of these controls. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Income Statement Account 2 AS 2201 44 The firm selected for testing certain controls over the occurrence of another portion of this income statement account. The firm did not perform any procedures beyond inquiry to test the design and operating effectiveness of these controls. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 3 AS 2201 39 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm did not identify and test any controls over the valuation of certain assets. (AS 2201.39) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2201 42 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that consisted of management's review of the existence of a portion of these assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2201 44 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that consisted of management's review of the existence of a portion of these assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 5 AS 2201 42 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that consisted of the review of the existence of another portion of these assets. The firm did not sufficiently test this control because it did not evaluate whether the control as designed addressed the entire portion of these assets. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 5 AS 2201 44 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that consisted of the review of the existence of another portion of these assets. The firm did not sufficiently test this control because it did not evaluate whether the control as designed addressed the entire portion of these assets. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 6 AS 2201 42 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that consisted of the automated calculation of the recorded value for a portion of these assets and tested the control by reviewing a screenshot of the system configuration subsequent to year end. The firm did not test (1) whether the control had changed since year end and (2) the automated calculation beyond obtaining a screenshot of the system configuration. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 6 AS 2201 44 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that consisted of the automated calculation of the recorded value for a portion of these assets and tested the control by reviewing a screenshot of the system configuration subsequent to year end. The firm did not test (1) whether the control had changed since year end and (2) the automated calculation beyond obtaining a screenshot of the system configuration. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 7 AS 2201 42 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that consisted of the automated calculation of the recorded value for another portion of these assets but did not perform procedures to test this control. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 7 AS 2201 44 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that consisted of the automated calculation of the recorded value for another portion of these assets but did not perform procedures to test this control. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 8 AS 2301 8 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm did not perform any substantive procedures to test the recorded values for certain portions of these assets. (AS 2301.08) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 1 AS 2201 42 The firm selected for testing certain controls over the issuer's review of a significant estimate. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 1 AS 2201 44 The firm selected for testing certain controls over the issuer's review of a significant estimate. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 2 AS 2201 39 The firm selected for testing certain controls over the issuer's review of a significant estimate. The firm did not identify and test any controls over the accuracy and completeness of the data and reports that were used in the operation of these controls. (AS 2201.39) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 3 AS 1105 10 The firm's approach for substantively testing this significant estimate was to test the issuer's process. The following deficiencies were identified: • The firm did not test the accuracy and completeness of certain data the issuer used to determine a component of this significant estimate. (AS 1105.10) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 4 AS 1105 10 The firm's approach for substantively testing this significant estimate was to test the issuer's process. The following deficiencies were identified: • The firm did not test the accuracy of certain data it used to test a component of this significant estimate. (AS 1105.10) Triennially Inspected 339 Mazars USA LLP 2021 United States 2022-09-15T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 5 AS 2501 16 The firm's approach for substantively testing this significant estimate was to test the issuer's process. The following deficiencies were identified: • The firm did not evaluate whether the issuer had a reasonable basis for certain significant assumptions the issuer used to determine a component of this significant estimate. (AS 2501.16) Triennially Inspected 653 Bernstein & Pinchuk LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The firm did not perform procedures to test whether services had been rendered prior to the issuer's recognition of certain service revenue. (AS 2301.08) Triennially Inspected 1012 KPMG Accountants N.V. 2021 Netherlands KPMG International Cooperative 2022-09-15T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Assets and Liabilities 1 AS 2201 42 The firm selected for testing a control that consisted of the validation of models used by the issuer to value certain assets and liabilities. The firm did not evaluate the specific review procedures that the control owners performed to validate the models including the procedures performed to determine whether each model was appropriate for its intended use and to evaluate model performance. (AS 2201.42 and .44) Triennially Inspected 1012 KPMG Accountants N.V. 2021 Netherlands KPMG International Cooperative 2022-09-15T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Assets and Liabilities 1 AS 2201 44 The firm selected for testing a control that consisted of the validation of models used by the issuer to value certain assets and liabilities. The firm did not evaluate the specific review procedures that the control owners performed to validate the models including the procedures performed to determine whether each model was appropriate for its intended use and to evaluate model performance. (AS 2201.42 and .44) Triennially Inspected 1012 KPMG Accountants N.V. 2021 Netherlands KPMG International Cooperative 2022-09-15T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Assets and Liabilities 2 AS 2201 39 The firm selected for testing a control that consisted of the validation of models used by the issuer to value certain assets and liabilities. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of this control. (AS 2201.39) Triennially Inspected 1012 KPMG Accountants N.V. 2021 Netherlands KPMG International Cooperative 2022-09-15T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Assets and Liabilities 3 AS 2201 62 The firm identified multiple deficiencies in the issuer's controls over certain assets and liabilities that it had selected for testing. The firm did not evaluate the severity of each control deficiency to determine whether the deficiency in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 2258 KBL, LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 1 AS 2810 3 The issuer issued convertible notes during the current and prior year. For certain convertible notes the issuer recorded both a derivative liability and beneficial conversion feature associated with the same conversion option of each convertible note. The following deficiencies were identified: • The firm did not identify and evaluate the significance to the issuer's financial statements of a GAAP departure related to the issuer's accounting treatment for and disclosure of these transactions. Specifically the firm did not evaluate whether the conversion options related to certain convertible notes should have been either (1) separated and accounted for as derivatives in conformity with FASB ASC Subtopic 815-15 Derivatives and Hedging — Embedded Derivatives; or (2) accounted for as beneficial conversion features in conformity with FASB ASC Subtopic 470¬20 Debt — Debt with Conversion and Other Options. (AS 2810.03 .30 and .31) Triennially Inspected 2258 KBL, LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 1 AS 2810 30 The issuer issued convertible notes during the current and prior year. For certain convertible notes the issuer recorded both a derivative liability and beneficial conversion feature associated with the same conversion option of each convertible note. The following deficiencies were identified: • The firm did not identify and evaluate the significance to the issuer's financial statements of a GAAP departure related to the issuer's accounting treatment for and disclosure of these transactions. Specifically the firm did not evaluate whether the conversion options related to certain convertible notes should have been either (1) separated and accounted for as derivatives in conformity with FASB ASC Subtopic 815-15 Derivatives and Hedging — Embedded Derivatives; or (2) accounted for as beneficial conversion features in conformity with FASB ASC Subtopic 470¬20 Debt — Debt with Conversion and Other Options. (AS 2810.03 .30 and .31) Triennially Inspected 2258 KBL, LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 1 AS 2810 31 The issuer issued convertible notes during the current and prior year. For certain convertible notes the issuer recorded both a derivative liability and beneficial conversion feature associated with the same conversion option of each convertible note. The following deficiencies were identified: • The firm did not identify and evaluate the significance to the issuer's financial statements of a GAAP departure related to the issuer's accounting treatment for and disclosure of these transactions. Specifically the firm did not evaluate whether the conversion options related to certain convertible notes should have been either (1) separated and accounted for as derivatives in conformity with FASB ASC Subtopic 815-15 Derivatives and Hedging — Embedded Derivatives; or (2) accounted for as beneficial conversion features in conformity with FASB ASC Subtopic 470¬20 Debt — Debt with Conversion and Other Options. (AS 2810.03 .30 and .31) Triennially Inspected 2258 KBL, LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 2501 10 The issuer issued convertible notes during the current and prior year. For certain convertible notes the issuer recorded both a derivative liability and beneficial conversion feature associated with the same conversion option of each convertible note. The following deficiencies were identified: • The firm did not evaluate the appropriateness of the model the issuer used to value certain of the derivative liabilities given the complexity of the conversion options associated with the related convertible notes. (AS 2501.10) Triennially Inspected 2258 KBL, LLP 2021 United States 2022-09-15T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt 3 AS 2501 7 The issuer issued convertible notes during the current and prior year. For certain convertible notes the issuer recorded both a derivative liability and beneficial conversion feature associated with the same conversion option of each convertible note. The following deficiencies were identified: • For certain convertible notes the firm did not test at inception the fair value of the derivative liabilities and associated debt discounts and the allocation of the proceeds to all of the features associated with the convertible notes. (AS 2501.07) Triennially Inspected 3312 Saturna Group Chartered Professional Accountants LLP 2021 Canada 2022-09-15T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2301 8 The firm did not perform several procedures to test whether the issuer appropriately recorded this significant account. (AS 2301.08) Triennially Inspected 3312 Saturna Group Chartered Professional Accountants LLP 2021 Canada 2022-09-15T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts 1 AS 2503 35 The firm did not evaluate whether the issuer's determination of the fair value of a significant account was consistent with the valuation method. (AS 2503.35) Triennially Inspected 3312 Saturna Group Chartered Professional Accountants LLP 2021 Canada 2022-09-15T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts 2 AS 2301 8 The firm confirmed a significant account but did not perform procedures to evaluate the reliability of the confirmation including whether additional evidence was needed. Further the firm did not evaluate whether the issuer appropriately recorded the account. (AS 2301.08; AS 2310.33) Triennially Inspected 3312 Saturna Group Chartered Professional Accountants LLP 2021 Canada 2022-09-15T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts 2 AS 2310 33 The firm confirmed a significant account but did not perform procedures to evaluate the reliability of the confirmation including whether additional evidence was needed. Further the firm did not evaluate whether the issuer appropriately recorded the account. (AS 2301.08; AS 2310.33) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2021 United States 2022-09-15T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 30 The issuer's revenue included equipment leases. The firm did not perform any procedures to evaluate whether elements of these leases should have been accounted for as sales-type leases in conformity with FASB ASC Topic 842 Leases. (AS 2810.30) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2021 United States 2022-09-15T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Income Taxes 1 AS 2301 8 The firm did not perform any procedures to evaluate the issuer's identification and recognition of uncertain tax positions taken. (AS 2301.08) Unrelated to our review the issuer reevaluated its accounting for income taxes including uncertain tax positions and concluded that material misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K and disclosed that the financial statements should no longer be relied upon. Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2021 United States 2022-09-15T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency An Income Statement Account 1 AS 2301 8 The firm did not perform any substantive procedures to test an income statement account. (AS 2301.08) Triennially Inspected 6006 Moore Assurance S.A.S. 2021 Colombia 2022-09-15T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 For revenue from engineering and construction contracts at two of the issuer's subsidiaries the firm selected for testing multiple management review controls over revenue. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 6006 Moore Assurance S.A.S. 2021 Colombia 2022-09-15T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 For revenue from engineering and construction contracts at two of the issuer's subsidiaries the firm selected for testing multiple management review controls over revenue. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 6006 Moore Assurance S.A.S. 2021 Colombia 2022-09-15T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 62 The firm identified multiple deficiencies in the issuer's controls over revenue that it had selected for testing. The firm did not evaluate the severity of each control deficiency to determine whether the deficiency individually or in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the ALL including the collective reserve. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the ALL including the appropriateness of the basis points applied to determine the qualitative component. (AS 2201.42 and .44) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the ALL including the collective reserve. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the ALL including the appropriateness of the basis points applied to determine the qualitative component. (AS 2201.42 and .44) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 39 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the ALL including the collective reserve. The firm did not identify and test any controls over the accuracy and completeness of certain data and/or reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of its loan portfolio to identify potentially impaired loans for the specific reserve. The firm did not evaluate the specific review procedures that the control owners performed to assess the completeness of loans the issuer assessed individually for impairment. (AS 2201.42 and .44) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 44 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of its loan portfolio to identify potentially impaired loans for the specific reserve. The firm did not evaluate the specific review procedures that the control owners performed to assess the completeness of loans the issuer assessed individually for impairment. (AS 2201.42 and .44) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 39 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of its loan portfolio to identify potentially impaired loans for the specific reserve. The firm did not identify and test any controls over the accuracy and completeness of certain data and/or reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2201 42 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the valuation of impaired loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the methods and assumptions used to determine the valuation of the specific reserve for these impaired loans. (AS 2201.42 and .44) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2201 44 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the valuation of impaired loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the methods and assumptions used to determine the valuation of the specific reserve for these impaired loans. (AS 2201.42 and .44) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2501 9 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm's approach for substantively testing the collective reserve was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to determine the qualitative component beyond comparing these basis points to the basis points that were applied in prior years and assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data and performing procedures to test certain data. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2501 10 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm's approach for substantively testing the collective reserve was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to determine the qualitative component beyond comparing these basis points to the basis points that were applied in prior years and assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data and performing procedures to test certain data. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2501 11 The issuer's ALL included a reserve for loans individually evaluated for impairment ('specific reserve') and a reserve for loans collectively evaluated for impairment ('collective reserve'). The issuer's collective reserve included a component that was determined by using certain qualitative factors ('qualitative component'). The following deficiencies were identified: · The firm's approach for substantively testing the collective reserve was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to determine the qualitative component beyond comparing these basis points to the basis points that were applied in prior years and assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data and performing procedures to test certain data. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries 7 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of recorded manual journal entries. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of these journal entries. (AS 2201.42 and .44) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries 7 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of recorded manual journal entries. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of these journal entries. (AS 2201.42 and .44) Triennially Inspected 74 S. R. Snodgrass, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries 8 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of recorded manual journal entries. The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of this control. (AS 2201.39) Triennially Inspected 116 Delap LLP 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2501 9 The issuer's general reserve component of the ALL included a qualitative reserve component ('qualitative component') that was determined by certain qualitative factors. The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to determine the qualitative component beyond (1) reading the issuer's analysis and vouching the data to supporting documentation (2) comparing these basis points to the basis points that were applied in the prior year and (3) assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 116 Delap LLP 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2501 10 The issuer's general reserve component of the ALL included a qualitative reserve component ('qualitative component') that was determined by certain qualitative factors. The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to determine the qualitative component beyond (1) reading the issuer's analysis and vouching the data to supporting documentation (2) comparing these basis points to the basis points that were applied in the prior year and (3) assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 116 Delap LLP 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2501 11 The issuer's general reserve component of the ALL included a qualitative reserve component ('qualitative component') that was determined by certain qualitative factors. The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of the basis points that were applied to determine the qualitative component beyond (1) reading the issuer's analysis and vouching the data to supporting documentation (2) comparing these basis points to the basis points that were applied in the prior year and (3) assessing whether certain changes or lack thereof to the basis points from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 317 Freed Maxick CPAs, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2305 16 The firm's substantive procedures to test revenue included performing substantive analytical procedures by comparing revenue to the issuer's forecasted revenue. The firm did not perform any substantive procedures to test beyond inquiry or in the alternative test controls over the accuracy and completeness of the information used to develop the issuer's forecasted revenue. (AS 2305.16) Triennially Inspected 317 Freed Maxick CPAs, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets and Liabilities 2 AS 2201 39 The firm did not identify and test any controls over certain assets and liabilities. (AS 2201.39) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The issuer determined the qualitative reserve component of the ALL for loans that were collectively evaluated for impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of (1) certain loans for potential impairment and (2) the qualitative component of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to (1) determine whether all loans identified for potential impairment were reviewed and (2) assess the reasonableness of the qualitative component of the ALL. (AS 2201. 42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The issuer determined the qualitative reserve component of the ALL for loans that were collectively evaluated for impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of (1) certain loans for potential impairment and (2) the qualitative component of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to (1) determine whether all loans identified for potential impairment were reviewed and (2) assess the reasonableness of the qualitative component of the ALL. (AS 2201. 42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 16 The issuer determined the qualitative reserve component of the ALL for loans that were collectively evaluated for impairment. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not sufficiently evaluate whether the issuer had a reasonable basis for the significant assumptions it used to determine the qualitative component of the ALL because the firm's procedures were limited to (1) reading the issuer's ALL analysis and (2) comparing the significant assumptions the issuer used at year end to those used in prior periods. (AS 2501.16) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 1 AS 2201 42 The firm selected for testing a control over the existence of certain assets. The firm did not evaluate how the issuer determined how frequently asset items would be reviewed and whether the issuer reviewed those items as frequently as intended. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 1 AS 2201 44 The firm selected for testing a control over the existence of certain assets. The firm did not evaluate how the issuer determined how frequently asset items would be reviewed and whether the issuer reviewed those items as frequently as intended. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 2 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of system-generated information used by the issuer in the operation of certain controls. (AS 2201.39) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 3 AS 1105 10 The firm did not perform any substantive procedures to test or identify and test any controls over the accuracy and completeness of system-generated information used in its substantive testing of these assets. (AS 1105.10) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2301 16 The sample sizes the firm used to test these assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2301 18 The sample sizes the firm used to test these assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2301 37 The sample sizes the firm used to test these assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2315 19 The sample sizes the firm used to test these assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2315 23 The sample sizes the firm used to test these assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2021 United States 2022-08-31T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2315 23A The sample sizes the firm used to test these assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 9 The firm's approach for substantively testing the ALL included developing an independent expectation of the ALL which included a specific reserve for impaired loans and a general reserve for loans collectively evaluated for impairment. The firm did not perform any procedures to evaluate the reasonableness of certain assumptions used to develop its independent expectation including assumptions provided by the issuer. (AS 2501.09 .10 and .12) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 10 The firm's approach for substantively testing the ALL included developing an independent expectation of the ALL which included a specific reserve for impaired loans and a general reserve for loans collectively evaluated for impairment. The firm did not perform any procedures to evaluate the reasonableness of certain assumptions used to develop its independent expectation including assumptions provided by the issuer. (AS 2501.09 .10 and .12) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 11 The firm's approach for substantively testing the ALL included developing an independent expectation of the ALL which included a specific reserve for impaired loans and a general reserve for loans collectively evaluated for impairment. The firm did not perform any procedures to evaluate the reasonableness of certain assumptions used to develop its independent expectation including assumptions provided by the issuer. (AS 2501.09 .10 and .12) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2502 26 With respect to the specific reserve the firm used appraisals prepared in previous years by external specialists engaged by the issuer to evaluate the fair value of properties used as collateral for certain loans the firm evaluated for impairment. Given the length of time that had passed since the appraisals were prepared the firm applied a discount rate to the fair value of each property as part of its evaluation. The firm did not perform procedures to evaluate the relevance and reliability of these appraisals. Specifically the firm did not perform procedures to evaluate the reasonableness of the methods assumptions and underlying data used in preparing the appraisals. Further the firm did not perform any procedures to evaluate the reasonableness of the discount rate used to evaluate these loans for impairment. (AS 2502.26 .28 and .31) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2502 28 With respect to the specific reserve the firm used appraisals prepared in previous years by external specialists engaged by the issuer to evaluate the fair value of properties used as collateral for certain loans the firm evaluated for impairment. Given the length of time that had passed since the appraisals were prepared the firm applied a discount rate to the fair value of each property as part of its evaluation. The firm did not perform procedures to evaluate the relevance and reliability of these appraisals. Specifically the firm did not perform procedures to evaluate the reasonableness of the methods assumptions and underlying data used in preparing the appraisals. Further the firm did not perform any procedures to evaluate the reasonableness of the discount rate used to evaluate these loans for impairment. (AS 2502.26 .28 and .31) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2502 31 With respect to the specific reserve the firm used appraisals prepared in previous years by external specialists engaged by the issuer to evaluate the fair value of properties used as collateral for certain loans the firm evaluated for impairment. Given the length of time that had passed since the appraisals were prepared the firm applied a discount rate to the fair value of each property as part of its evaluation. The firm did not perform procedures to evaluate the relevance and reliability of these appraisals. Specifically the firm did not perform procedures to evaluate the reasonableness of the methods assumptions and underlying data used in preparing the appraisals. Further the firm did not perform any procedures to evaluate the reasonableness of the discount rate used to evaluate these loans for impairment. (AS 2502.26 .28 and .31) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 3 AS 2601 14 The firm's approach to testing deposit liabilities included reliance on controls. The issuer used a service organization to process and record transactions related to deposit liabilities. The firm obtained the service auditor's report which specified complimentary user controls that addressed the accuracy and completeness of information the issuer used in the operation of certain controls. The firm used this information in its testing of controls over deposit liabilities and in its substantive testing of deposit liabilities. The firm did not test beyond inquiring of management the complimentary user controls associated with deposit liabilities that were identified in the service auditor's report. (AS 2601.14) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 4 AS 2301 16 The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and 37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 4 AS 2301 18 The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and 37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 4 AS 2301 37 The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and 37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 4 AS 2315 19 The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and 37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 4 AS 2315 23 The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and 37; AS 2315.19 .23 and .23A) Triennially Inspected 601 LaPorte, A Professional Accounting Corporation 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 4 AS 2315 23A The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and 37; AS 2315.19 .23 and .23A) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 For certain revenue the firm did not perform any procedures to evaluate (1) the issuer's identification of its performance obligations and (2) whether such obligations were satisfied before revenue was recognized. (AS 2301.08) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 4 For certain other revenue the firm did not perform any procedures to evaluate the relevance and reliability of information used in its substantive procedures to test revenue. (AS 1105.04 and .06) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 6 For certain other revenue the firm did not perform any procedures to evaluate the relevance and reliability of information used in its substantive procedures to test revenue. (AS 1105.04 and .06) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 30 The firm did not identify and appropriately address a departure from GAAP related to the issuer's disclosures about its revenue recognition policy. (AS 2810.30 and .31) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 31 The firm did not identify and appropriately address a departure from GAAP related to the issuer's disclosures about its revenue recognition policy. (AS 2810.30 and .31) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2502 15 During the year the issuer acquired a business. The firm did not perform any procedures to test the fair value of the purchase consideration. (AS 2502.15) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2502 15 During the year the issuer acquired a business. The firm did not perform any procedures to test the fair value of certain acquired assets. (AS 2502.15) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2502 9 With respect to certain other acquired assets the firm did not obtain an understanding of and evaluate whether the valuation method the issuer used to develop its fair value estimate was appropriate in the circumstances. (AS 2502.09 and .18) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2502 18 With respect to certain other acquired assets the firm did not obtain an understanding of and evaluate whether the valuation method the issuer used to develop its fair value estimate was appropriate in the circumstances. (AS 2502.09 and .18) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2502 40 The firm's approach for testing the fair value of these assets was to develop an independent fair value estimate using certain of the issuer's assumptions. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the issuer's assumptions that the firm used in developing an independent fair value estimate. (AS 2502.40) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 2502 47 The firm's approach for testing the fair value of these assets was to develop an independent fair value estimate using certain of the issuer's assumptions. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the issuer's assumptions that the firm used in developing an independent fair value estimate. (AS 2502.40) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 2810 13 The firm's approach for testing the fair value of these assets was to develop an independent fair value estimate using certain of the issuer's assumptions. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the issuer's assumptions that the firm used in developing an independent fair value estimate. (AS 2502.40) Triennially Inspected 5797 S D Mayer & Associates 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 9 AS 2810 30 The firm did not perform any procedures to evaluate whether the issuer's adjustment to the fair value estimate for these assets was in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30) Triennially Inspected 5938 Ciro E. Adams, CPA, LLC 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2810 30 The firm did not evaluate beyond reviewing issuer documentation the issuer's adoption of new accounting principles. (AS 2810.30) Triennially Inspected 5938 Ciro E. Adams, CPA, LLC 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of certain required disclosures under GAAP. (AS 2810.30 and .31) Triennially Inspected 5938 Ciro E. Adams, CPA, LLC 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of certain required disclosures under GAAP. (AS 2810.30 and .31) Triennially Inspected 5938 Ciro E. Adams, CPA, LLC 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 3 AS 2301 8 The firm did not perform procedures to test whether the significant account was appropriately recorded. (AS 2301.08) Triennially Inspected 5938 Ciro E. Adams, CPA, LLC 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 4 AS 1105 10 The firm used an issuer-prepared schedule and certain system-generated reports in certain of its substantive procedures to test this significant account but did not test the accuracy and completeness of the schedule and reports. (AS 1105.10) Triennially Inspected 5938 Ciro E. Adams, CPA, LLC 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 5 AS 1105 10 The firm used issuer-prepared schedules in certain other of its substantive procedures to test this significant account but did not test the completeness of the schedules. (AS 1105.10) Triennially Inspected 5938 Ciro E. Adams, CPA, LLC 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Financial Statement Presentation and Disclosures 6 AS 2810 30 The firm did not evaluate whether the financial statement presentation and disclosures associated with certain transactions were in conformity with GAAP. (AS 2810.30 and .31) Triennially Inspected 5938 Ciro E. Adams, CPA, LLC 2021 United States 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Financial Statement Presentation and Disclosures 6 AS 2810 31 The firm did not evaluate whether the financial statement presentation and disclosures associated with certain transactions were in conformity with GAAP. (AS 2810.30 and .31) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2021 Singapore 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 1 AS 2301 8 The firm did not perform any procedures beyond inquiry to test the existence of certain cash. (AS 2301.08) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2021 Singapore 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2310 33 To test an amount due to a related party the firm sent a positive confirmation request with an amount that did not agree with the amount on the balance sheet. The firm received a response from the related party without any exceptions. The firm subsequently sent another request with the amount recorded on the balance sheet and received a response without any exceptions. The firm did not sufficiently evaluate the evidence provided by the two confirmations because it did not consider the reliability of the confirmations the nature of the exceptions between the two confirmations and whether additional evidence was needed. (AS 2310.33; AS 2810.03) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2021 Singapore 2022-08-31T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2810 3 To test an amount due to a related party the firm sent a positive confirmation request with an amount that did not agree with the amount on the balance sheet. The firm received a response from the related party without any exceptions. The firm subsequently sent another request with the amount recorded on the balance sheet and received a response without any exceptions. The firm did not sufficiently evaluate the evidence provided by the two confirmations because it did not consider the reliability of the confirmations the nature of the exceptions between the two confirmations and whether additional evidence was needed. (AS 2310.33; AS 2810.03) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2021 Singapore 2022-08-31T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative test controls over the completeness of information that the firm used in its substantive testing. (AS 1105.10) Triennially Inspected 6255 PAN-CHINA SINGAPORE PAC 2021 Singapore 2022-08-31T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The issuer recorded an adjustment to ensure that revenue was appropriately recognized at year end. The firm did not perform any procedures to test the adjustment to revenue. (AS 2301.08) Triennially Inspected 50 Raich Ende Malter & Co. LLP 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2501 7 The firm did not perform any substantive procedures beyond inquiry to test the reasonableness of an estimate for a significant account. (AS 2501.07) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 50 Raich Ende Malter & Co. LLP 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2410 12 The firm did not perform any substantive procedures beyond inquiry to test the valuation of related party transactions. (AS 2410.12) Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 1 AS 1105 4 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of this estimate. Specifically the firm did not perform procedures to evaluate the relevance and reliability of certain external data the issuer used in determining its assumptions. (AS 1105.04 and .06; AS 2501.11) [The citations in this paragraph refer to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 1 AS 1105 6 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of this estimate. Specifically the firm did not perform procedures to evaluate the relevance and reliability of certain external data the issuer used in determining its assumptions. (AS 1105.04 and .06; AS 2501.11) [The citations in this paragraph refer to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 1 AS 2501 11 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of this estimate. Specifically the firm did not perform procedures to evaluate the relevance and reliability of certain external data the issuer used in determining its assumptions. (AS 1105.04 and .06; AS 2501.11) [The citations in this paragraph refer to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 2 AS 1105 10 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not perform any substantive procedures to test or identify and test controls over the accuracy and completeness of internal data the issuer used in determining assumptions. (AS 1105.10; AS 2501.11) [The citations in this paragraph refer to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 2 AS 2501 11 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not perform any substantive procedures to test or identify and test controls over the accuracy and completeness of internal data the issuer used in determining assumptions. (AS 1105.10; AS 2501.11) [The citations in this paragraph refer to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 3 AS 2501 9 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of certain assumptions used by the issuer to determine this estimate. (AS 2501.09 .10 and .11) [The citations in this paragraph refer to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 3 AS 2501 10 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of certain assumptions used by the issuer to determine this estimate. (AS 2501.09 .10 and .11) [The citations in this paragraph refer to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 3 AS 2501 11 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not perform procedures to evaluate the reasonableness of certain assumptions used by the issuer to determine this estimate. (AS 2501.09 .10 and .11) [The citations in this paragraph refer to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 4 AS 2601 14 The firm's approach to testing certain liabilities included reliance on controls. The following deficiencies were identified: · The issuer used a service organization to process and record transactions related to these liabilities. The firm did not perform procedures to test beyond inquiring of management certain complimentary user controls over these liabilities identified in the service auditor's report. (AS 2601.14) Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 5 AS 1105 10 The firm's approach to testing certain liabilities included reliance on controls. The following deficiencies were identified: · The firm did not test or in the alternative test any controls over the completeness of system-generated reports that it used to make its selections for testing controls over these liabilities. (AS 1105.10) Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 6 AS 2301 16 The sample sizes the firm used in its substantive procedures to test these liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 6 AS 2301 18 The sample sizes the firm used in its substantive procedures to test these liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 6 AS 2301 37 The sample sizes the firm used in its substantive procedures to test these liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 6 AS 2315 19 The sample sizes the firm used in its substantive procedures to test these liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 6 AS 2315 23 The sample sizes the firm used in its substantive procedures to test these liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 6 AS 2315 23A The sample sizes the firm used in its substantive procedures to test these liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 7 AS 1105 10 The firm did not perform any substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain reports that it used in its substantive testing of these liabilities. (AS 1105.10) Triennially Inspected 400 Hacker, Johnson & Smith PA 2021 United States 2022-08-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 8 AS 2401 61 The firm identified journal entries that met certain criteria and haphazardly selected certain of those journal entries for testing without having a basis for its selection. Further for all but one of the journal entries selected for testing the firm did not examine the underlying support for the journal entries and instead limited its procedures to inspecting reviewer signatures or inquiring of management. (AS 2401.61) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The issuer entered into revenue arrangements primarily to provide services. The firm did not perform any substantive procedures beyond obtaining customer invoices and contracts to test whether the issuer's performance obligations had been satisfied before revenue was recognized. (AS 2301.08) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 16 The issuer determined the ALL using qualitative factors and applied basis points in determining each of the qualitative factors. The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of significant assumptions related to the basis points because the firm did not evaluate whether the issuer had a reasonable basis for the basis points that were applied to the qualitative factors. (AS 2501.16) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposits 2 AS 2301 16 The firm took a controls reliance approach to test the existence of deposits. The firm did not identify and test any controls over the existence of deposits. (AS 2301.16) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposits 3 AS 2301 16 The firm used negative confirmations to substantively test the existence of deposits. This procedure and sample size did not provide sufficient appropriate audit evidence because they were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2310.20; AS 2315.16 .23 and .23A) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposits 3 AS 2301 18 The firm used negative confirmations to substantively test the existence of deposits. This procedure and sample size did not provide sufficient appropriate audit evidence because they were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2310.20; AS 2315.16 .23 and .23A) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposits 3 AS 2301 37 The firm used negative confirmations to substantively test the existence of deposits. This procedure and sample size did not provide sufficient appropriate audit evidence because they were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2310.20; AS 2315.16 .23 and .23A) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposits 3 AS 2310 20 The firm used negative confirmations to substantively test the existence of deposits. This procedure and sample size did not provide sufficient appropriate audit evidence because they were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2310.20; AS 2315.16 .23 and .23A) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposits 3 AS 2315 16 The firm used negative confirmations to substantively test the existence of deposits. This procedure and sample size did not provide sufficient appropriate audit evidence because they were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2310.20; AS 2315.16 .23 and .23A) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposits 3 AS 2315 23 The firm used negative confirmations to substantively test the existence of deposits. This procedure and sample size did not provide sufficient appropriate audit evidence because they were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2310.20; AS 2315.16 .23 and .23A) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deposits 3 AS 2315 23A The firm used negative confirmations to substantively test the existence of deposits. This procedure and sample size did not provide sufficient appropriate audit evidence because they were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2310.20; AS 2315.16 .23 and .23A) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2501 9 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the basis points that were applied to determine the qualitative component of the ALL because it limited its procedures to (1) reading the issuer's analysis (2) testing the economic and loan portfolio trends and (3) concluding that changes to the basis points applied to determine the qualitative component or lack thereof were reasonable. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2501 10 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the basis points that were applied to determine the qualitative component of the ALL because it limited its procedures to (1) reading the issuer's analysis (2) testing the economic and loan portfolio trends and (3) concluding that changes to the basis points applied to determine the qualitative component or lack thereof were reasonable. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2501 11 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the basis points that were applied to determine the qualitative component of the ALL because it limited its procedures to (1) reading the issuer's analysis (2) testing the economic and loan portfolio trends and (3) concluding that changes to the basis points applied to determine the qualitative component or lack thereof were reasonable. (AS 2501.09 .10 and .11) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements ending on or after December 15 2020.] Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Investments 1 AS 1105 27 To test the valuation of investments the firm selected for testing specific investments. The firm did not perform any substantive procedures to test the remaining population of investments. (AS 1105.27; AS 2301.08) Triennially Inspected 590 Monroe Shine & Co., Inc. 2021 United States 2022-07-26T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Investments 1 AS 2301 8 To test the valuation of investments the firm selected for testing specific investments. The firm did not perform any substantive procedures to test the remaining population of investments. (AS 1105.27; AS 2301.08) Triennially Inspected 5867 HHC 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 1 AS 2301 8 The firm did not test the completeness of certain liabilities. (AS 2301.08) Triennially Inspected 5867 HHC 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 2 AS 2502 15 The firm did not test the fair value of certain assets. (AS 2502.15) Triennially Inspected 5867 HHC 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 3 AS 2502 26 The firm did not evaluate an assumption in determining the fair value of certain other accounts. (AS 2502.26 and .28) Triennially Inspected 5867 HHC 2021 United States 2022-07-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 3 AS 2502 28 The firm did not evaluate an assumption in determining the fair value of certain other accounts. (AS 2502.26 and .28) Triennially Inspected 5920 MN Blum LLC 2021 United States 2022-07-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2810 30 The issuer performed an impairment analysis for its long-lived asset groups using estimates of future undiscounted cash flows to evaluate whether the carrying value of each asset group was recoverable. These estimates were based on a weighted average of historical cash flows for each asset group. The firm's approach for substantively testing this analysis was to review and test management's process and for certain asset groups to develop an independent expectation of the estimate. The following deficiencies were identified: • The firm did not evaluate whether certain assumptions the issuer used in this analysis were in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2810.30) Triennially Inspected 5920 MN Blum LLC 2021 United States 2022-07-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2501 9 The issuer performed an impairment analysis for its long-lived asset groups using estimates of future undiscounted cash flows to evaluate whether the carrying value of each asset group was recoverable. These estimates were based on a weighted average of historical cash flows for each asset group. The firm's approach for substantively testing this analysis was to review and test management's process and for certain asset groups to develop an independent expectation of the estimate. The following deficiencies were identified: • The firm did not evaluate the reasonableness of the weighting that the issuer assigned to the historical cash flows including consideration of the significant adverse events that affected the issuer's business during the year beyond concluding that it was reasonable to weigh the more recent results more heavily. (AS 2501.09 .10 and .11;3 AS 2810.03) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 5920 MN Blum LLC 2021 United States 2022-07-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2501 10 The issuer performed an impairment analysis for its long-lived asset groups using estimates of future undiscounted cash flows to evaluate whether the carrying value of each asset group was recoverable. These estimates were based on a weighted average of historical cash flows for each asset group. The firm's approach for substantively testing this analysis was to review and test management's process and for certain asset groups to develop an independent expectation of the estimate. The following deficiencies were identified: • The firm did not evaluate the reasonableness of the weighting that the issuer assigned to the historical cash flows including consideration of the significant adverse events that affected the issuer's business during the year beyond concluding that it was reasonable to weigh the more recent results more heavily. (AS 2501.09 .10 and .11;3 AS 2810.03) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 5920 MN Blum LLC 2021 United States 2022-07-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2501 11 The issuer performed an impairment analysis for its long-lived asset groups using estimates of future undiscounted cash flows to evaluate whether the carrying value of each asset group was recoverable. These estimates were based on a weighted average of historical cash flows for each asset group. The firm's approach for substantively testing this analysis was to review and test management's process and for certain asset groups to develop an independent expectation of the estimate. The following deficiencies were identified: • The firm did not evaluate the reasonableness of the weighting that the issuer assigned to the historical cash flows including consideration of the significant adverse events that affected the issuer's business during the year beyond concluding that it was reasonable to weigh the more recent results more heavily. (AS 2501.09 .10 and .11;3 AS 2810.03) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 5920 MN Blum LLC 2021 United States 2022-07-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2810 3 The issuer performed an impairment analysis for its long-lived asset groups using estimates of future undiscounted cash flows to evaluate whether the carrying value of each asset group was recoverable. These estimates were based on a weighted average of historical cash flows for each asset group. The firm's approach for substantively testing this analysis was to review and test management's process and for certain asset groups to develop an independent expectation of the estimate. The following deficiencies were identified: • The firm did not evaluate the reasonableness of the weighting that the issuer assigned to the historical cash flows including consideration of the significant adverse events that affected the issuer's business during the year beyond concluding that it was reasonable to weigh the more recent results more heavily. (AS 2501.09 .10 and .11;3 AS 2810.03) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Triennially Inspected 5920 MN Blum LLC 2021 United States 2022-07-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 1105 4 The issuer performed an impairment analysis for its long-lived asset groups using estimates of future undiscounted cash flows to evaluate whether the carrying value of each asset group was recoverable. These estimates were based on a weighted average of historical cash flows for each asset group. The firm's approach for substantively testing this analysis was to review and test management's process and for certain asset groups to develop an independent expectation of the estimate. The following deficiencies were identified: • The firm used certain information from external sources to develop its independent expectations but did not perform any procedures to evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Triennially Inspected 5920 MN Blum LLC 2021 United States 2022-07-14T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 1105 6 The issuer performed an impairment analysis for its long-lived asset groups using estimates of future undiscounted cash flows to evaluate whether the carrying value of each asset group was recoverable. These estimates were based on a weighted average of historical cash flows for each asset group. The firm's approach for substantively testing this analysis was to review and test management's process and for certain asset groups to develop an independent expectation of the estimate. The following deficiencies were identified: • The firm used certain information from external sources to develop its independent expectations but did not perform any procedures to evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Triennially Inspected 1020 KPMG 2020 Australia KPMG International Cooperative 2022-06-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 42 The firm selected for testing a control that consisted of management's review of asset summary models including the underlying inputs and assumptions used to value certain long-lived assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not test any controls over the accuracy and/or completeness of certain information used in the operation of this control. (AS 2201.42 and .44) Triennially Inspected 1020 KPMG 2020 Australia KPMG International Cooperative 2022-06-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of asset summary models including the underlying inputs and assumptions used to value certain long-lived assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not test any controls over the accuracy and/or completeness of certain information used in the operation of this control. (AS 2201.42 and .44) Triennially Inspected 1020 KPMG 2020 Australia KPMG International Cooperative 2022-06-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash and Cash Equivalents 2 AS 2201 42 The firm selected for testing a control that consisted of management's review of financial information and related note disclosures. The firm did not identify that this control was not designed to address whether the issuer's short-term deposits were appropriately classified as cash equivalents. (AS 2201.42) Triennially Inspected 1020 KPMG 2020 Australia KPMG International Cooperative 2022-06-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash and Cash Equivalents 3 AS 2301 8 The firm did not perform procedures beyond inquiry of management to evaluate whether certain of the issuer's short-term deposits were appropriately classified as cash equivalents. (AS 2301.08) Triennially Inspected 366 MaughanSullivan LLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 4 The firm used information obtained from external parties to test revenue. The firm did not perform any procedures to evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Triennially Inspected 366 MaughanSullivan LLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 6 The firm used information obtained from external parties to test revenue. The firm did not perform any procedures to evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Triennially Inspected 366 MaughanSullivan LLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers regarding transition and performance obligation information. (AS 2810.30 and .31) Triennially Inspected 366 MaughanSullivan LLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers regarding transition and performance obligation information. (AS 2810.30 and .31) Triennially Inspected 366 MaughanSullivan LLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity-Related Transaction 3 AS 2810 30 The issuer recorded the issuance of preferred stock for settlement of debt even though the shares of preferred stock were not issued as of year end. The firm did not evaluate whether the issuer's accounting for the transaction was in conformity with FASB ASC Subtopic 405-20 Liabilities – Extinguishments of Liabilities. (AS 2810.30) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2502 15 During the year the issuer acquired two businesses. With respect to one of these business combinations the following deficiencies were identified: · The purchase price for the acquisition included contingent consideration based on forecasted revenue. The issuer estimated the fair value of the initial contingent consideration using certain assumptions. The firm did not perform any procedures to evaluate the fair value of the contingent consideration. (AS 2502.15) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2810 3 During the year the issuer acquired two businesses. With respect to one of these business combinations the following deficiencies were identified: · The issuer subsequently remeasured the contingent consideration and recorded the change as an expense. The firm did not sufficiently evaluate whether the change was a result of events that occurred subsequent to the acquisition date and was appropriately recorded as an expense in conformity with FASB ASC Subtopic 805-30 Business Combinations - Goodwill or Gain from Bargain Purchase Including Consideration Transferred because the firm did not identify that the forecasted revenue the issuer used for the remeasurement was consistent with the historical revenue at the acquisition date. (AS 2810.03 and .30) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2810 30 During the year the issuer acquired two businesses. With respect to one of these business combinations the following deficiencies were identified: · The issuer subsequently remeasured the contingent consideration and recorded the change as an expense. The firm did not sufficiently evaluate whether the change was a result of events that occurred subsequent to the acquisition date and was appropriately recorded as an expense in conformity with FASB ASC Subtopic 805-30 Business Combinations - Goodwill or Gain from Bargain Purchase Including Consideration Transferred because the firm did not identify that the forecasted revenue the issuer used for the remeasurement was consistent with the historical revenue at the acquisition date. (AS 2810.03 and .30) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2810 30 During the year the issuer acquired two businesses. With respect to one of these business combinations the following deficiencies were identified: · The firm did not perform any procedures to test the fair value of an intangible asset. (AS 2502.15) In addition the firm did not evaluate whether the method used to determine the fair value of this intangible asset was in conformity with FASB ASC 805 Business Combinations. (AS 2810.30) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2301 8 During the year the issuer acquired two businesses. With respect to one of these business combinations the following deficiencies were identified: · The firm did not perform any procedures to evaluate whether all identifiable assets acquired and liabilities assumed were identified and appropriately recorded. (AS 2301.08) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 5 AS 2502 26 With respect to the other business combination the following deficiencies were identified: · The firm's approach for substantively testing the fair value of an acquired intangible asset was to review and test management's process. The firm did not perform procedures beyond inquiry of management to evaluate the reasonableness of certain assumptions used to determine the fair value of this asset. (AS 2502.26 and .28) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 5 AS 2502 28 With respect to the other business combination the following deficiencies were identified: · The firm's approach for substantively testing the fair value of an acquired intangible asset was to review and test management's process. The firm did not perform procedures beyond inquiry of management to evaluate the reasonableness of certain assumptions used to determine the fair value of this asset. (AS 2502.26 and .28) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 6 AS 2502 15 With respect to the other business combination the following deficiencies were identified: · The firm did not perform any substantive procedures to test the fair value of certain other assets acquired and liabilities assumed in this business combination. (AS 2502.15) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm selected for testing a sample of revenue transactions. In its evaluation of the issuer's revenue recognition the firm did not evaluate whether the identification of performance obligations and the allocation of the transaction price to the performance obligations were appropriate given the existence of contradictory evidence. (AS 2301.08; AS 2810.03) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 3 The firm selected for testing a sample of revenue transactions. In its evaluation of the issuer's revenue recognition the firm did not evaluate whether the identification of performance obligations and the allocation of the transaction price to the performance obligations were appropriate given the existence of contradictory evidence. (AS 2301.08; AS 2810.03) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm used data from one of the issuer's systems to test certain revenue but did not test or in the alternative identify and test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 3 AS 2301 8 The issuer reported certain convertible notes that included embedded conversion features that were effective after a certain period of time. The issuer recorded a derivative liability associated with these features after that period of time expired. The firm did not sufficiently evaluate whether the derivative liability should have been initially recorded on the issuance date of the convertible notes because it did not perform procedures to determine whether the feature met the definition of a derivative and whether the issuer had sufficient authorized and unissued shares to convert any of the notes at each note's issuance date and at year end. (AS 2301.08) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 4 AS 2301 8 Certain of these notes contained default clauses related to the issuer's obligation to reserve a sufficient number of shares from its authorized and unissued common stock. The firm did not evaluate whether these notes were in default at the time of issuance and therefore the derivative liability should have been recorded at the time of issuance. (AS 2301.08; AS 2810.03) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 4 AS 2810 3 Certain of these notes contained default clauses related to the issuer's obligation to reserve a sufficient number of shares from its authorized and unissued common stock. The firm did not evaluate whether these notes were in default at the time of issuance and therefore the derivative liability should have been recorded at the time of issuance. (AS 2301.08; AS 2810.03) Triennially Inspected 2738 M&K CPAS, PLLC 2020 United States 2022-06-09T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Oil and Gas Properties 1 AS 1210 12 To evaluate the possible impairment of proved oil and gas reserves and make certain required disclosures the issuer engaged an external specialist to estimate the present value of future net cash flows from these reserves using the issuer's projected operating costs. The firm did not sufficiently test these projected operating costs because it limited its procedures to comparing the first year of projected operating costs to the prior-year actual operating costs. (AS 1210.12) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2020 United States 2022-05-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing two review controls over the qualitative factors used in the calculation of the ALL. The firm did not evaluate the specific review procedure that the control owners performed to evaluate the reasonableness of the qualitative factors. (AS 2201.42 and .44) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2020 United States 2022-05-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing two review controls over the qualitative factors used in the calculation of the ALL. The firm did not evaluate the specific review procedure that the control owners performed to evaluate the reasonableness of the qualitative factors. (AS 2201.42 and .44) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2020 United States 2022-05-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 39 The firm did not identify and test a control over certain assumptions used in the calculation of the ALL. (AS 2201.39) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2020 United States 2022-05-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 39 The firm selected for testing a control that included a review of all loans to determine whether they should be put on non-accrual status. The firm did not identify and test any controls over the accuracy and completeness of a report used in the operation of this control. (AS 2201.39) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2020 United States 2022-05-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 9 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the ALL because the firm's procedures to test the qualitative factors and risk adjustment percentages the issuer used to determine the ALL were limited to (1) reading the issuer's analysis (2) comparing the factors and percentages to the prior year and (3) evaluating whether certain changes or lack thereof to the factors and percentages from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2020 United States 2022-05-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 10 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the ALL because the firm's procedures to test the qualitative factors and risk adjustment percentages the issuer used to determine the ALL were limited to (1) reading the issuer's analysis (2) comparing the factors and percentages to the prior year and (3) evaluating whether certain changes or lack thereof to the factors and percentages from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 231 Baker Newman & Noyes, P.A. Limited Liability Company 2020 United States 2022-05-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 11 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the ALL because the firm's procedures to test the qualitative factors and risk adjustment percentages the issuer used to determine the ALL were limited to (1) reading the issuer's analysis (2) comparing the factors and percentages to the prior year and (3) evaluating whether certain changes or lack thereof to the factors and percentages from the prior year were directionally consistent with internal or external data. (AS 2501.09 .10 and .11) Triennially Inspected 1227 BDO Canada LLP 2020 Canada BDO International Limited 2022-05-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Financial Liability 1 AS 2810 30 During the prior year the issuer entered into a licensing arrangement in which the licensee purchased the issuer's common shares and warrants. The arrangement also included an option ('put option') that required the issuer to repurchase certain of the common shares under specific conditions for cash. The issuer did not record the put option. The firm did not identify and appropriately address a departure from International Financial Reporting Standards (IFRS) related to the issuer not recording the put option as a financial liability at the present value of the redemption amount in conformity with IAS 32 Financial Instruments: Presentation. (AS 2810.30) In connection with our review the issuer reevaluated the prior year and current year accounting for the arrangement and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its reports on the 2018 and 2019 financial statements. Triennially Inspected 1227 BDO Canada LLP 2020 Canada BDO International Limited 2022-05-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Equity and Equity-Related Transactions 2 AS 2410 17 During the year the issuer sold preferred stock to related parties. The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of required disclosures of these related party transactions in conformity with IAS 24 Related Party Disclosures. (AS 2410.17; AS 2810.30 and 31) Triennially Inspected 1227 BDO Canada LLP 2020 Canada BDO International Limited 2022-05-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Equity and Equity-Related Transactions 2 AS 2810 30 During the year the issuer sold preferred stock to related parties. The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of required disclosures of these related party transactions in conformity with IAS 24 Related Party Disclosures. (AS 2410.17; AS 2810.30 and 31) Triennially Inspected 1227 BDO Canada LLP 2020 Canada BDO International Limited 2022-05-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Equity and Equity-Related Transactions 2 AS 2810 31 During the year the issuer sold preferred stock to related parties. The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of required disclosures of these related party transactions in conformity with IAS 24 Related Party Disclosures. (AS 2410.17; AS 2810.30 and 31) Triennially Inspected 1227 BDO Canada LLP 2020 Canada BDO International Limited 2022-05-26T00:00:00 Part I.A B Yes ICFR audit only Audits with multiple deficiencies Journal Entries 1 AS 2201 39 The issuer's manual journal entry procedures allowed the control owner to prepare the journal entry and support and then review and post the journal entry after it is created in the system by a subordinate. The firm did not identify and test any controls to address the risk that an individual could prepare review and post a journal entry. (AS 2201.39) Triennially Inspected 1227 BDO Canada LLP 2020 Canada BDO International Limited 2022-05-26T00:00:00 Part I.A B Yes ICFR audit only Audits with multiple deficiencies Leases 2 AS 2201 39 The firm did not identify and test any controls over right of use assets and lease obligations. (AS 2201.39) Triennially Inspected 5525 Fruci & Associates II, PLLC 2020 United States 2022-05-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2301 8 The issuer acquired a business during the year. The firm did not perform procedures beyond inquiry of management to evaluate whether the issuer identified and properly recorded all assets acquired including patent applications trade names trademarks and service marks held by the acquired entity as identifiable intangible assets in accordance with FASB ASC Topic 805 Business Combinations. (AS 2301.08) Triennially Inspected 5525 Fruci & Associates II, PLLC 2020 United States 2022-05-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 2810 30 The issuer issued stock purchase warrants with a strike price denominated in its functional currency at the time of issuance. The issuer determined that the warrants met the scope exception of FASB ASC Topic 815 Derivatives and Hedging and recorded the fair value of the warrants as additional paid-in capital. The issuer subsequently changed its functional currency which resulted in the warrants no longer meeting the scope exception. The issuer however did not revise its accounting for the warrants. The firm did not identify and appropriately address this GAAP departure. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Triennially Inspected 5525 Fruci & Associates II, PLLC 2020 United States 2022-05-26T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 2810 31 The issuer issued stock purchase warrants with a strike price denominated in its functional currency at the time of issuance. The issuer determined that the warrants met the scope exception of FASB ASC Topic 815 Derivatives and Hedging and recorded the fair value of the warrants as additional paid-in capital. The issuer subsequently changed its functional currency which resulted in the warrants no longer meeting the scope exception. The issuer however did not revise its accounting for the warrants. The firm did not identify and appropriately address this GAAP departure. (AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its accounting for warrants and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Triennially Inspected 5525 Fruci & Associates II, PLLC 2020 United States 2022-05-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2510 12 The firm performed inventory observations at two business units subsequent to year end and performed roll-back procedures for the period from the date of the inventory observations to year end. For one of the business units the firm did not perform procedures beyond reviewing a schedule of inventory movement to test transactions between the date of the inventory observation to year end. (AS 2510.12) Triennially Inspected 5525 Fruci & Associates II, PLLC 2020 United States 2022-05-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2301 8 The firm performed inventory observations at two business units subsequent to year end and performed roll-back procedures for the period from the date of the inventory observations to year end. For one of the business units the firm did not perform sufficient procedures to test the completeness of inventory at either business unit such as comparing quantities observed to the physical inventory summary. (AS 2301.08) Triennially Inspected 5525 Fruci & Associates II, PLLC 2020 United States 2022-05-26T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Allowance for Doubtful Accounts 1 AS 2501 9 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because it limited its procedures to (1) inquiry of management (2) reviewing the issuer's accounts receivable aging report and (3) comparing the allowance balance to the issuer's general ledger. (AS 2501.09 .10 and .11) Triennially Inspected 5525 Fruci & Associates II, PLLC 2020 United States 2022-05-26T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Allowance for Doubtful Accounts 1 AS 2501 10 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because it limited its procedures to (1) inquiry of management (2) reviewing the issuer's accounts receivable aging report and (3) comparing the allowance balance to the issuer's general ledger. (AS 2501.09 .10 and .11) Triennially Inspected 5525 Fruci & Associates II, PLLC 2020 United States 2022-05-26T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Allowance for Doubtful Accounts 1 AS 2501 11 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because it limited its procedures to (1) inquiry of management (2) reviewing the issuer's accounts receivable aging report and (3) comparing the allowance balance to the issuer's general ledger. (AS 2501.09 .10 and .11) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The issuer recognized certain revenue from product sales to customers. For certain customers the firm did not evaluate if it was probable that the issuer would collect substantially all of the consideration to which it believes it is entitled in order to recognize revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. Further the firm did not evaluate whether the timing of customer payments indicated the existence of implicit payment terms that would affect the recognition of revenue in conformity with FASB ASC Topic 606. (AS 2810.30) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2310 29 The firm selected for confirmation a customer's accounts receivable balance and received an electronic response to its confirmation request. The firm did not consider performing procedures to address the risk associated with electronic responses. (AS 2310.29) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 3 AS 1210 12 The issuer engaged an external specialist to determine the fair value of a reporting unit and recorded impairment losses related to intangible assets and goodwill based on that fair value. The firm did not evaluate revenue projections developed by the issuer and used by the external specialist to determine the fair value of the reporting unit. Further the firm did not evaluate contradictory evidence related to these projections. (AS 1210.12; AS 2810.03) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 3 AS 2810 3 The issuer engaged an external specialist to determine the fair value of a reporting unit and recorded impairment losses related to intangible assets and goodwill based on that fair value. The firm did not evaluate revenue projections developed by the issuer and used by the external specialist to determine the fair value of the reporting unit. Further the firm did not evaluate contradictory evidence related to these projections. (AS 1210.12; AS 2810.03) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2810 30 The issuer engaged an external specialist to determine the fair value of a reporting unit and recorded impairment losses related to intangible assets and goodwill based on that fair value. The firm did not identify and appropriately address the issuer's omission of certain disclosures required by FASB ASC Topic 350 Intangibles — Goodwill and Other and an inaccurate disclosure. (AS 2810.30 and .31) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2810 31 The issuer engaged an external specialist to determine the fair value of a reporting unit and recorded impairment losses related to intangible assets and goodwill based on that fair value. The firm did not identify and appropriately address the issuer's omission of certain disclosures required by FASB ASC Topic 350 Intangibles — Goodwill and Other and an inaccurate disclosure. (AS 2810.30 and .31) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2810 30 The firm did not evaluate whether the issuer consistently applied its basis for stating inventories in conformity with FASB ASC Topic 330 Inventory. (AS 2810.30) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2810 30 The firm did not identify and appropriately address a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 330. (AS 2810.30 and .31) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2810 31 The firm did not identify and appropriately address a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 330. (AS 2810.30 and .31) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 8 The issuer's year-end inventory included work-in-progress and finished goods. The firm did not obtain an understanding of and test the method the issuer used to allocate inventory costs to work-in-progress and finished goods. (AS 2301.08) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 10 The issuer's year-end inventory included work-in-progress and finished goods. The firm did not test the accuracy and completeness of issuer information the firm used to test inventory costs. (AS 1105.10) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2501 7 The firm did not perform sufficient procedures to test the issuer's impairment analysis of inventory because it limited its procedures to obtaining the issuer's impairment analysis and concluding the result of the analysis was consistent with historical margins. (AS 2501.07) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The issuer recognizes revenues from product sales. The firm did not test whether the issuer had evaluated if the issuer and customers had approved the contracts and were committed to perform their respective obligations in conformity with FASB ASC Topic 606. (AS 2810.30) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 The issuer recognizes revenues from product sales. The firm did not evaluate whether the issuer satisfied its performance obligations. (AS 2810.30) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 3 The issuer performed a qualitative assessment of certain long-lived assets for impairment. The firm did not sufficiently evaluate whether the issuer considered certain relevant events or changes in circumstances in conformity with FASB ASC Topic 360 Property Plant and Equipment including certain of the issuer's disclosures in the financial statements that indicated that the carrying value of the long-lived assets may not have been recoverable. (AS 2810.03 and .30) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 30 The issuer performed a qualitative assessment of certain long-lived assets for impairment. The firm did not sufficiently evaluate whether the issuer considered certain relevant events or changes in circumstances in conformity with FASB ASC Topic 360 Property Plant and Equipment including certain of the issuer's disclosures in the financial statements that indicated that the carrying value of the long-lived assets may not have been recoverable. (AS 2810.03 and .30) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Cash and Cash Equivalents 1 AS 2810 30 The issuer reported cash and cash equivalents at year end that included cash held by a law firm in an escrow account. The firm did not perform any procedures to determine if cash held by the law firm was restricted when evaluating the presentation and disclosure of the escrowed cash in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) Triennially Inspected 273 Prager Metis CPAs, LLC 2020 United States 2022-05-13T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Cash and Cash Equivalents 1 AS 2810 31 The issuer reported cash and cash equivalents at year end that included cash held by a law firm in an escrow account. The firm did not perform any procedures to determine if cash held by the law firm was restricted when evaluating the presentation and disclosure of the escrowed cash in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not perform any procedures to evaluate the terms and conditions of a customer arrangement to determine whether the issuer appropriately recognized revenue under the arrangement in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm selected revenue transactions for testing but did not perform procedures to test whether all of the related performance obligations were satisfied when the issuer recognized revenue. (AS 2301.08) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2310 31 To test accounts receivable the firm sent confirmation requests to a sample of customers. For confirmation requests that were not returned the firm performed alternative procedures by testing subsequent cash receipts. The firm did not (1) perform any alternative procedures to test the accounts receivable balances with no subsequent cash receipts and (2) evaluate the combined evidence provided by the confirmation responses and the alternative procedures to determine whether these procedures provided sufficient appropriate evidence about the existence of accounts receivable. (AS 2310.31 and .33) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2310 33 To test accounts receivable the firm sent confirmation requests to a sample of customers. For confirmation requests that were not returned the firm performed alternative procedures by testing subsequent cash receipts. The firm did not (1) perform any alternative procedures to test the accounts receivable balances with no subsequent cash receipts and (2) evaluate the combined evidence provided by the confirmation responses and the alternative procedures to determine whether these procedures provided sufficient appropriate evidence about the existence of accounts receivable. (AS 2310.31 and .33) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2301 8 The firm did not perform any procedures to evaluate whether the issuer tested non-amortizable intangible assets for impairment. (AS 2301.08) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The firm selected a sample of revenue transactions for testing by computing the number of invoices issued during the year by subtracting the first invoice number from the final invoice number for the year from the sales sub-ledger and dividing by the required sample size. The firm then selected invoices based on a defined sampling interval. The firm did not (1) determine whether the invoices selected for testing were recorded within the sales sub-ledger and (2) obtain and test the reconciliation of the sales sub-ledger to the issuer's general ledger. (AS 1105.10) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 For certain revenue transactions selected for testing the firm did not perform any procedures to test whether delivery had occurred when the issuer recognized revenue. (AS 2301.08) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 1105 10 The firm's approach to substantively testing the issuer's reserve for excess and obsolete inventory was to review and test management's process. The firm did not perform any substantive procedures to test or test controls over the accuracy and completeness of certain data used by the issuer to estimate the inventory reserves. (AS 1105.10; AS 2501.11) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 11 The firm's approach to substantively testing the issuer's reserve for excess and obsolete inventory was to review and test management's process. The firm did not perform any substantive procedures to test or test controls over the accuracy and completeness of certain data used by the issuer to estimate the inventory reserves. (AS 1105.10; AS 2501.11) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 16 To test revenue the firm selected revenue transactions that exceeded a monetary threshold and judgmentally selected a sample of revenue transactions from the remaining population. In determining the sample size for the remaining population the firm did not take into account the relevant factors including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. As a result the sample size the firm used in its test of details was too small to provide sufficient appropriate audit evidence. (AS 2315.16 .23 and .23A) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 23 To test revenue the firm selected revenue transactions that exceeded a monetary threshold and judgmentally selected a sample of revenue transactions from the remaining population. In determining the sample size for the remaining population the firm did not take into account the relevant factors including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. As a result the sample size the firm used in its test of details was too small to provide sufficient appropriate audit evidence. (AS 2315.16 .23 and .23A) Triennially Inspected 287 Liggett & Webb, P.A. 2020 United States 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 23A To test revenue the firm selected revenue transactions that exceeded a monetary threshold and judgmentally selected a sample of revenue transactions from the remaining population. In determining the sample size for the remaining population the firm did not take into account the relevant factors including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. As a result the sample size the firm used in its test of details was too small to provide sufficient appropriate audit evidence. (AS 2315.16 .23 and .23A) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions 1 AS 2810 30 During the year the issuer entered into certain transactions. The firm did not identify and appropriately address departures from GAAP related to the issuer's accounting for two transactions. (AS 2810.30) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions 2 AS 2810 30 During the year the issuer entered into certain transactions. With respect to one other transaction the firm did not identify and evaluate the significance to the issuer's financial statements of a departure from GAAP related to the issuer's accounting for this transaction. (AS 2810.30) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transactions 3 AS 2810 30 During the year the issuer entered into certain transactions. The firm did not evaluate whether the issuer appropriately accounted for another aspect of this transaction. (AS 2810.30) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 4 AS 2810 30 The issuer issued shares of common stock in exchange for services rendered. The firm did not evaluate whether the issuer appropriately accounted for these shares in conformity with GAAP. (AS 2810.30) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 5 AS 2502 26 The issuer also issued shares of preferred stock and applied a discount in determining the fair value of the shares. The firm did not evaluate the reasonableness of the discount. (AS 2502.26 and .28) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 5 AS 2502 28 The issuer also issued shares of preferred stock and applied a discount in determining the fair value of the shares. The firm did not evaluate the reasonableness of the discount. (AS 2502.26 and .28) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 6 AS 2810 30 With regard to the issuance of the common stock and the preferred stock (discussed above) the firm did not identify and evaluate the significance to the issuer's financial statements of a departure from GAAP related to the issuer's omission of certain disclosures required by with FASB ASC Topic 718 Compensation — Stock Compensation. (AS 2810.30 and .31) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 6 AS 2810 31 With regard to the issuance of the common stock and the preferred stock (discussed above) the firm did not identify and evaluate the significance to the issuer's financial statements of a departure from GAAP related to the issuer's omission of certain disclosures required by with FASB ASC Topic 718 Compensation — Stock Compensation. (AS 2810.30 and .31) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 7 AS 2301 8 The issuer reported certain other equity-related transactions during the year. The firm did not perform any procedures to test these transactions including their fair value. (AS 2301.08; AS 2502.15) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 7 AS 2502 15 The issuer reported certain other equity-related transactions during the year. The firm did not perform any procedures to test these transactions including their fair value. (AS 2301.08; AS 2502.15) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 8 AS 2501 9 The firm's approach for substantively testing the allowance for doubtful accounts was to review subsequent transactions. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm limited its procedures to obtaining (1) a listing of outstanding receivable balances by customer and the related aging and (2) evidence of certain subsequent cash receipts. (AS 2501.09 .10 and .13) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 8 AS 2501 10 The firm's approach for substantively testing the allowance for doubtful accounts was to review subsequent transactions. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm limited its procedures to obtaining (1) a listing of outstanding receivable balances by customer and the related aging and (2) evidence of certain subsequent cash receipts. (AS 2501.09 .10 and .13) Triennially Inspected 306 BMKR LLP 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 8 AS 2501 13 The firm's approach for substantively testing the allowance for doubtful accounts was to review subsequent transactions. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm limited its procedures to obtaining (1) a listing of outstanding receivable balances by customer and the related aging and (2) evidence of certain subsequent cash receipts. (AS 2501.09 .10 and .13) Triennially Inspected 318 L J Soldinger Associates, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill 1 AS 2502 15 The issuer completed a quantitative assessment that indicated that goodwill was not impaired but recorded an impairment of goodwill based solely on qualitative information. The firm did not identify and appropriately address a departure from GAAP related to the issuer recording an impairment solely on qualitative information which is not in conformity with FASB ASC Topic 350 Intangibles — Goodwill and Other. (AS 2502.15; AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for the goodwill impairment and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 318 L J Soldinger Associates, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill 1 AS 2810 30 The issuer completed a quantitative assessment that indicated that goodwill was not impaired but recorded an impairment of goodwill based solely on qualitative information. The firm did not identify and appropriately address a departure from GAAP related to the issuer recording an impairment solely on qualitative information which is not in conformity with FASB ASC Topic 350 Intangibles — Goodwill and Other. (AS 2502.15; AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for the goodwill impairment and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 318 L J Soldinger Associates, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of certain information the firm obtained from the issuer and used to test certain revenue. (AS 1105.10) Triennially Inspected 318 L J Soldinger Associates, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm did not perform procedures to test whether performance obligations were satisfied prior to the recognition of certain other revenue. (AS 2301.08) Triennially Inspected 318 L J Soldinger Associates, LLC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 318 L J Soldinger Associates, LLC 2020 United States 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of certain information the firm obtained from the issuer and used to test revenue. (AS 1105.10) Triennially Inspected 1939 Raul Carrega, CPA 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not sufficiently evaluate whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because it limited its procedures to verifying that the issuer received cash or that cash received agreed to a sales contract. (AS 2810.30) Triennially Inspected 1939 Raul Carrega, CPA 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Notes Payable 2 AS 2810 30 The firm did not evaluate the issuer's equity classification of and accounting for warrants issued with certain convertible notes payable including whether the warrants should have been classified and accounted for as (i) derivative liabilities in conformity with FASB ASC Topic 815 Derivatives and Hedging or (ii) liabilities in conformity with FASB ASC Topic 480 Distinguishing Liabilities from Equity. (AS 2810.30) Triennially Inspected 1939 Raul Carrega, CPA 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Notes Payable 3 AS 2810 30 In addition the firm did not evaluate the issuer's classification of and accounting for embedded conversion options within certain convertible notes payable including whether the conversion options should have been classified and accounted for as (i) derivatives and recorded at fair value in conformity with FASB ASC Subtopic 815-15 Derivatives and Hedging— Embedded Derivatives or (ii) beneficial conversion features and recorded at intrinsic value in conformity with FASB ASC Subtopic 470-20 Debt —Debt with Conversion and Other Options. (AS 2810.30) Triennially Inspected 1939 Raul Carrega, CPA 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm scanned the general ledger but did not identify and test any journal entries and other adjustments. (AS 2401.58) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 1 AS 2301 16 The firm selected for testing certain controls to reduce the nature timing and extent of its substantive procedures over revenue and accounts receivable. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain information used in determining certain revenue ('type one' revenue). (AS 2301.16) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2301 19 The firm selected for testing certain controls to reduce the nature timing and extent of its substantive procedures over revenue and accounts receivable. The following deficiencies were identified: · The firm selected for testing a control over the review of type one revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2301 21 The firm selected for testing certain controls to reduce the nature timing and extent of its substantive procedures over revenue and accounts receivable. The following deficiencies were identified: · The firm selected for testing a control over the review of type one revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 3 AS 2301 16 The firm selected for testing certain controls to reduce the nature timing and extent of its substantive procedures over revenue and accounts receivable. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of information produced by the issuer used in the performance of certain controls. (AS 2301.16) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 4 AS 2301 34 The firm selected for testing certain controls to reduce the nature timing and extent of its substantive procedures over revenue and accounts receivable. The following deficiencies were identified: · The firm identified a control deficiency in its testing of a control over certain other revenue ('type two' revenue) but did not evaluate the severity of the deficiency and its effect on the firm's control risk assessment. (AS 2301.34) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 5 AS 2301 19 The firm selected for testing certain controls to reduce the nature timing and extent of its substantive procedures over revenue and accounts receivable. The following deficiencies were identified: · The firm selected for testing certain other controls. The firm did not perform any procedures to test those controls during the current year but rather relied on the results of its testing in the prior year. (AS 2301.19 and .21) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 5 AS 2301 21 The firm selected for testing certain controls to reduce the nature timing and extent of its substantive procedures over revenue and accounts receivable. The following deficiencies were identified: · The firm selected for testing certain other controls. The firm did not perform any procedures to test those controls during the current year but rather relied on the results of its testing in the prior year. (AS 2301.19 and .21) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 6 AS 1105 27 The firm identified fraud risks related to type one revenue. To test this revenue the firm selected large value contracts that were open at year end for testing. The firm did not perform any procedures to test the remaining population of type one revenue. (AS 1105.27; AS 2301.13) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 6 AS 2301 13 The firm identified fraud risks related to type one revenue. To test this revenue the firm selected large value contracts that were open at year end for testing. The firm did not perform any procedures to test the remaining population of type one revenue. (AS 1105.27; AS 2301.13) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 7 AS 2301 13 The firm identified fraud risks related to type one revenue. To test this revenue the firm selected large value contracts that were open at year end for testing. For the contracts selected for testing the firm did not perform sufficient procedures to test revenue because it limited its procedures to reviewing the contract. (AS 2301.13) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 8 AS 2301 8 The firm did not perform any substantive procedures to test type two revenue. (AS 2301.08) Triennially Inspected 2814 PKF Littlejohn LLP 2020 United Kingdom 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 9 AS 2315 24 To test accounts receivable the firm selected a sample of accounts receivable aged more than a certain number of days. The firm did not perform any procedures to test the remaining population of receivables. (AS 2315.24) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform procedures to test whether certain revenue recognition criteria had been met including whether delivery had occurred and collectability was reasonably assured. (AS 2301.08) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 12 The issuer performed physical inventory counts and cycle counts and the firm was not present at the counts. The firm did not make or observe some physical counts of inventory and apply appropriate tests of intervening transactions. Further the firm did not inspect the records of the issuer's counts and perform procedures relating to the physical inventory on which the balance-sheet inventory was based. (AS 2510.12) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 7 The issuer performed physical inventory counts and cycle counts and the firm was not present at the counts. The firm did not evaluate whether certain inventory was recorded at the lower of cost or market. (AS 2501.07) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 4 AS 2310 31 The firm assessed inherent risk of cash as high and sent confirmation requests. The firm did not receive replies to its confirmation requests. The firm did not sufficiently test the existence of cash because its alternative procedures were limited to tracing the reported cash balance to copies of the bank statements obtained from the issuer without verifying the validity of the bank statement. (AS 2310.31) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 5 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of a departure from GAAP related to the issuer not adopting FASB ASC 606 Revenue from Contracts with Customers and the omission of the required disclosures. (AS 2810.30 and .31) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of a departure from GAAP related to the issuer not adopting FASB ASC 606 Revenue from Contracts with Customers and the omission of the required disclosures. (AS 2810.30 and .31) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not evaluate whether the issuer was acting as either a principal or agent for each good or service in the contract and was appropriately recognizing revenue on either a gross or net basis. (AS 2810.30) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Asset and Liability 3 AS 2301 8 The firm did not test the existence of an asset and completeness of a liability. (AS 2301.08) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Asset and Liability 4 AS 2502 15 The firm did not test the fair value of this liability. (AS 2502.15) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash 5 AS 2301 8 Certain of the cash reported by the issuer was held in an account in the name of the issuer's chief executive officer. The firm did not perform procedures to test this cash beyond inquiring of management and reviewing issuer documentation. (AS 2301.08) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash 6 AS 2410 17 The firm did not identify and evaluate the significance to the financial statements of a departure from GAAP related to the issuer's omission of disclosures that this cash was held by a related party and the terms and manner of settlement in conformity with FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash 6 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of a departure from GAAP related to the issuer's omission of disclosures that this cash was held by a related party and the terms and manner of settlement in conformity with FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash 6 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of a departure from GAAP related to the issuer's omission of disclosures that this cash was held by a related party and the terms and manner of settlement in conformity with FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Cash 7 AS 2810 30 The firm did not evaluate whether the presentation of cash held by a related party within cash and cash equivalents was in conformity with GAAP. (AS 2810.30) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Transactions 1 AS 2502 26 For certain significant transactions the firm did not sufficiently evaluate whether an assumption used to value these transactions represented its fair value because it did not consider certain contrary evidence. (AS 2502.26 .28 .31 and .36) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Transactions 1 AS 2502 28 For certain significant transactions the firm did not sufficiently evaluate whether an assumption used to value these transactions represented its fair value because it did not consider certain contrary evidence. (AS 2502.26 .28 .31 and .36) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Transactions 1 AS 2502 31 For certain significant transactions the firm did not sufficiently evaluate whether an assumption used to value these transactions represented its fair value because it did not consider certain contrary evidence. (AS 2502.26 .28 .31 and .36) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Transactions 1 AS 2502 36 For certain significant transactions the firm did not sufficiently evaluate whether an assumption used to value these transactions represented its fair value because it did not consider certain contrary evidence. (AS 2502.26 .28 .31 and .36) Triennially Inspected 3221 Zia Masood Kiani & Co (Chartered Accountants) 2020 Pakistan 2022-05-13T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Significant Transactions 2 AS 2810 30 For certain significant transactions the firm did not evaluate whether these transactions were recorded in the appropriate period and at the appropriate amount in conformity with GAAP. (AS 2810.30) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 55 The firm tested certain controls over revenue at an interim date. The firm did not perform any procedures to update the results of that testing from the interim date to year end. (AS 2201.55) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 45 The firm performed certain substantive procedures to test revenue at an interim date. The firm did not perform any procedures to extend its audit conclusions from the interim date to year end. (AS 2301.45) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 30 The firm did not determine the likely sources of potential misstatements associated with certain inventory to identify and test controls that addressed the risks of misstatement for the relevant assertions for this inventory. (AS 2201.30 and .39) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The firm did not determine the likely sources of potential misstatements associated with certain inventory to identify and test controls that addressed the risks of misstatement for the relevant assertions for this inventory. (AS 2201.30 and .39) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 1210 12 The issuer engaged an external specialist to estimate the quantity of certain inventory. The firm did not obtain an understanding of the methods and assumptions used by the external specialist to develop the estimate. (AS 1210.12) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2510 9 The firm did not perform any procedures to test the existence of certain inventory. (AS 2510.09) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close 7 AS 2201 39 The firm identified a risk related to the manual consolidation process. The firm did not identify and test any controls over the issuer's financial statement consolidation process including controls over journal entries and other adjustments. (AS 2201.39) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close 8 AS 2401 58 In addition the firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close 9 AS 2201 19 The firm used the work of the issuer's internal audit for certain testing of controls over the financial reporting and close process at certain components of the issuer. The firm did not assess the competence and objectivity of internal audit to support the extent to which the firm used its work. (AS 2201.19; AS 2605.09 and .10) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close 9 AS 2605 9 The firm used the work of the issuer's internal audit for certain testing of controls over the financial reporting and close process at certain components of the issuer. The firm did not assess the competence and objectivity of internal audit to support the extent to which the firm used its work. (AS 2201.19; AS 2605.09 and .10) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close 9 AS 2605 10 The firm used the work of the issuer's internal audit for certain testing of controls over the financial reporting and close process at certain components of the issuer. The firm did not assess the competence and objectivity of internal audit to support the extent to which the firm used its work. (AS 2201.19; AS 2605.09 and .10) Triennially Inspected 3281 Marcelo de los Santos y Cia., S.C. 2020 Mexico 2022-05-13T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Evaluation of Control Deficiencies 10 AS 2201 62 The firm identified control deficiencies at certain of the issuer's components. The firm did not evaluate the severity of each identified control deficiency to determine whether the deficiency individually or in combination represented a material weakness. (AS 2201.62) Triennially Inspected 3444 MJF & Associates, APC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform procedures to test whether all criteria were met to recognize revenue. (AS 2301.08) Triennially Inspected 3444 MJF & Associates, APC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 16 The sample size the firm used in its substantive procedure to test revenue was too small to achieve the planned objective for the test because it used the methodology for determining a sample size for a test of controls and did not consider factors relevant to determining the sample size for its substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 3444 MJF & Associates, APC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in its substantive procedure to test revenue was too small to achieve the planned objective for the test because it used the methodology for determining a sample size for a test of controls and did not consider factors relevant to determining the sample size for its substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 3444 MJF & Associates, APC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in its substantive procedure to test revenue was too small to achieve the planned objective for the test because it used the methodology for determining a sample size for a test of controls and did not consider factors relevant to determining the sample size for its substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 3444 MJF & Associates, APC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 3 AS 2501 7 The firm did not evaluate the reasonableness of the allowance for doubtful accounts beyond inquiring of management and obtaining evidence of certain cash collections. (AS 2501.07) Triennially Inspected 3444 MJF & Associates, APC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2510 12 The firm's substantive procedures to test inventory included observing inventory after year end and obtaining a roll-back schedule from the date of the inventory observation to the balance sheet date. The firm did not test certain types of transactions in this schedule. (AS 2510.12) Triennially Inspected 3444 MJF & Associates, APC 2020 United States 2022-05-13T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 5 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 274 EisnerAmper LLP 2020 United States 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2810 30 The issuer entered into arrangements with its customers for cooperative promotion allowances that the issuer recorded as an operating expense. The firm did not evaluate whether recording these allowances as an operating expense was appropriate because it did not perform procedures beyond inquiry to evaluate whether these allowances were a distinct good or service in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) In connection with our review the issuer reevaluated its accounting for cooperative promotion allowances and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 274 EisnerAmper LLP 2020 United States 2022-04-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1210 12 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair value of certain acquired assets. The issuer provided the external specialist prospective financial information and data that was used to determine the fair value of the assets. The firm's approach for testing the fair value of these assets was to review and test management's process. The firm did not perform any procedures to evaluate the reasonableness of the prospective financial information. (AS 1210.12) Triennially Inspected 274 EisnerAmper LLP 2020 United States 2022-04-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1210 12 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair value of certain acquired assets. The issuer provided the external specialist prospective financial information and data that was used to determine the fair value of the assets. The firm's approach for testing the fair value of these assets was to review and test management's process. The firm did not test the accuracy and/or completeness of the issuer-provided data. (AS 1210.12) Triennially Inspected 539 Clark Schaefer Hackett & Co. 2020 United States 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments 1 AS 2810 30 The issuer reported in its financial statements that it had fully benefit-responsive investment contracts that were recorded at contract value. The firm did not evaluate whether these investment contracts met the criteria to be recorded at contract value in conformity with FASB ASC Topic 962 Plan Accounting —Defined Contribution Pension Plans. (AS 2810.30) Triennially Inspected 539 Clark Schaefer Hackett & Co. 2020 United States 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Benefits Paid to Participants 2 AS 2315 16 The sample size the firm used in certain of its substantive procedures to test benefits paid to participants was too small to provide sufficient appropriate audit evidence because the firm did not take into account appropriate factors in determining its sample size including its established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Triennially Inspected 539 Clark Schaefer Hackett & Co. 2020 United States 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Benefits Paid to Participants 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test benefits paid to participants was too small to provide sufficient appropriate audit evidence because the firm did not take into account appropriate factors in determining its sample size including its established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Triennially Inspected 539 Clark Schaefer Hackett & Co. 2020 United States 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Benefits Paid to Participants 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test benefits paid to participants was too small to provide sufficient appropriate audit evidence because the firm did not take into account appropriate factors in determining its sample size including its established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Triennially Inspected 611 McGovern Hurley LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2502 26 During the year the issuer extended the useful lives of its intangible assets from their original lives. The issuer used a discounted cash flow analysis over the extended lives to evaluate its intangible assets for possible impairment. The firm did not perform sufficient procedures to evaluate the reasonableness of the sales projections because the firm did not perform procedures beyond inquiry to test the reasonableness of extending the useful lives. (AS 2502.26 and .28) Triennially Inspected 611 McGovern Hurley LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2502 28 During the year the issuer extended the useful lives of its intangible assets from their original lives. The issuer used a discounted cash flow analysis over the extended lives to evaluate its intangible assets for possible impairment. The firm did not perform sufficient procedures to evaluate the reasonableness of the sales projections because the firm did not perform procedures beyond inquiry to test the reasonableness of extending the useful lives. (AS 2502.26 and .28) Triennially Inspected 611 McGovern Hurley LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2502 26 During the year the issuer extended the useful lives of its intangible assets from their original lives. The issuer used a discounted cash flow analysis over the extended lives to evaluate its intangible assets for possible impairment. The firm did not sufficiently evaluate the issuer's ability to achieve its forecasted sales projections in light of the substantial doubt about the issuer's ability to continue as a going concern because it limited its procedures to inquiry and comparing the forecasted sales projections to the current year results. (AS 2502.26 .28 .31 and .36) Triennially Inspected 611 McGovern Hurley LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2502 28 During the year the issuer extended the useful lives of its intangible assets from their original lives. The issuer used a discounted cash flow analysis over the extended lives to evaluate its intangible assets for possible impairment. The firm did not sufficiently evaluate the issuer's ability to achieve its forecasted sales projections in light of the substantial doubt about the issuer's ability to continue as a going concern because it limited its procedures to inquiry and comparing the forecasted sales projections to the current year results. (AS 2502.26 .28 .31 and .36) Triennially Inspected 611 McGovern Hurley LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2502 31 During the year the issuer extended the useful lives of its intangible assets from their original lives. The issuer used a discounted cash flow analysis over the extended lives to evaluate its intangible assets for possible impairment. The firm did not sufficiently evaluate the issuer's ability to achieve its forecasted sales projections in light of the substantial doubt about the issuer's ability to continue as a going concern because it limited its procedures to inquiry and comparing the forecasted sales projections to the current year results. (AS 2502.26 .28 .31 and .36) Triennially Inspected 611 McGovern Hurley LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2502 36 During the year the issuer extended the useful lives of its intangible assets from their original lives. The issuer used a discounted cash flow analysis over the extended lives to evaluate its intangible assets for possible impairment. The firm did not sufficiently evaluate the issuer's ability to achieve its forecasted sales projections in light of the substantial doubt about the issuer's ability to continue as a going concern because it limited its procedures to inquiry and comparing the forecasted sales projections to the current year results. (AS 2502.26 .28 .31 and .36) Triennially Inspected 1173 Dale Matheson Carr-Hilton LaBonte LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform procedures to test certain revenue including whether all criteria for revenue recognition had been met. (AS 2301.08) Triennially Inspected 1173 Dale Matheson Carr-Hilton LaBonte LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2410 14 The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified accounted for and disclosed its related party relationships and transactions. Specifically the firm did not evaluate whether certain transactions (communicated by the firm to the audit committee as significant unusual transactions) with a company for which (i) a shareholder of the issuer was a director and (ii) an immediate family member of the issuer's majority shareholders was the chief executive officer were related party transactions that the issuer should have identified and disclosed and whether such transactions were accounted for appropriately. (AS 2410.14 .15 and .17) Triennially Inspected 1173 Dale Matheson Carr-Hilton LaBonte LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2410 15 The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified accounted for and disclosed its related party relationships and transactions. Specifically the firm did not evaluate whether certain transactions (communicated by the firm to the audit committee as significant unusual transactions) with a company for which (i) a shareholder of the issuer was a director and (ii) an immediate family member of the issuer's majority shareholders was the chief executive officer were related party transactions that the issuer should have identified and disclosed and whether such transactions were accounted for appropriately. (AS 2410.14 .15 and .17) Triennially Inspected 1173 Dale Matheson Carr-Hilton LaBonte LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2410 17 The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified accounted for and disclosed its related party relationships and transactions. Specifically the firm did not evaluate whether certain transactions (communicated by the firm to the audit committee as significant unusual transactions) with a company for which (i) a shareholder of the issuer was a director and (ii) an immediate family member of the issuer's majority shareholders was the chief executive officer were related party transactions that the issuer should have identified and disclosed and whether such transactions were accounted for appropriately. (AS 2410.14 .15 and .17) Triennially Inspected 1173 Dale Matheson Carr-Hilton LaBonte LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2401 67 The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified accounted for and disclosed its related party relationships and transactions. Specifically the firm did not perform procedures to obtain an understanding of the business purpose (or the lack thereof) of the transactions. (AS 2401.66A .67 and .67A) Triennially Inspected 1173 Dale Matheson Carr-Hilton LaBonte LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2401 66A The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified accounted for and disclosed its related party relationships and transactions. Specifically the firm did not perform procedures to obtain an understanding of the business purpose (or the lack thereof) of the transactions. (AS 2401.66A .67 and .67A) Triennially Inspected 1173 Dale Matheson Carr-Hilton LaBonte LLP 2020 Canada 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2401 67A The firm did not perform sufficient procedures to evaluate whether the issuer had properly identified accounted for and disclosed its related party relationships and transactions. Specifically the firm did not perform procedures to obtain an understanding of the business purpose (or the lack thereof) of the transactions. (AS 2401.66A .67 and .67A) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2020 India Ernst & Young Global Limited 2022-04-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm selected for testing various controls that consisted of management's review of (1) inventory costs including capitalized overhead (2) inventory valuation and (3) related account reconciliations. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2020 India Ernst & Young Global Limited 2022-04-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing various controls that consisted of management's review of (1) inventory costs including capitalized overhead (2) inventory valuation and (3) related account reconciliations. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1272 S.R. Batliboi & Co. LLP 2020 India Ernst & Young Global Limited 2022-04-21T00:00:00 Part I.A B No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 The issuer recognized revenue through multiple segments from foreign and domestic sales. The firm did not identify and test any controls over the recognition of revenue by one of the issuer's segments during the year from domestic sales to ensure that revenue was recognized only after performance obligations were satisfied and customers obtained control of the goods. (AS 2201.39) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2020 Brazil PricewaterhouseCoopers International Limited 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2502 31 The firm did not evaluate the relevance and reliability of information used by an external specialist engaged by the issuer to determine the fair value of certain acquired assets. (AS 2502.31) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2020 Brazil PricewaterhouseCoopers International Limited 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 26 The firm did not evaluate the reasonableness of certain assumptions developed by the specialist. (AS 2502.26 and .28) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2020 Brazil PricewaterhouseCoopers International Limited 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 28 The firm did not evaluate the reasonableness of certain assumptions developed by the specialist. (AS 2502.26 and .28) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2020 Brazil PricewaterhouseCoopers International Limited 2022-04-21T00:00:00 Part I.A B No ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 39 The firm did not identify and test any controls over the issuer's review of long-lived assets for indicators of potential impairment. (AS 2201.39) Triennially Inspected 2115 KPMG Assurance and Consulting Services LLP 2020 India KPMG International Cooperative 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2301 8 The firm did not sufficiently test certain receivables because the firm did not perform procedures to test the collectability of such receivables beyond inquiries of management and reviewing an aging schedule. (AS 2301.08) Triennially Inspected 2115 KPMG Assurance and Consulting Services LLP 2020 India KPMG International Cooperative 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2810 30 The firm did not evaluate the appropriateness of the issuer's classification of these receivables as current assets in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) Triennially Inspected 2115 KPMG Assurance and Consulting Services LLP 2020 India KPMG International Cooperative 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2810 31 The firm did not evaluate the appropriateness of the issuer's classification of these receivables as current assets in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30 and .31) Triennially Inspected 2115 KPMG Assurance and Consulting Services LLP 2020 India KPMG International Cooperative 2022-04-21T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2310 29 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. For certain items in its sample the responses were returned by email. The firm did not consider performing procedures to verify the source of these responses. (AS 2310.29) Triennially Inspected 2115 KPMG Assurance and Consulting Services LLP 2020 India KPMG International Cooperative 2022-04-21T00:00:00 Part I.A B Yes Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. For positive confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the receivables were accurate as of the confirmation date. (AS 2310.31) Triennially Inspected 6359 Fontanella Associates LLC CPA & Consulting Firm 2020 United States 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2501 9 The issuer assigned a risk rating to each loan. The loan risk ratings were an important input in estimating the ALL. The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the appropriateness of the loan risk ratings because its procedures were limited to testing the risk ratings for a selection of loans originated in the current year and comparing loan risk ratings used in the ALL calculation for certain loans to issuer-prepared reports. (AS 2501.09 .10 and .11) Triennially Inspected 6359 Fontanella Associates LLC CPA & Consulting Firm 2020 United States 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2501 10 The issuer assigned a risk rating to each loan. The loan risk ratings were an important input in estimating the ALL. The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the appropriateness of the loan risk ratings because its procedures were limited to testing the risk ratings for a selection of loans originated in the current year and comparing loan risk ratings used in the ALL calculation for certain loans to issuer-prepared reports. (AS 2501.09 .10 and .11) Triennially Inspected 6359 Fontanella Associates LLC CPA & Consulting Firm 2020 United States 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2501 11 The issuer assigned a risk rating to each loan. The loan risk ratings were an important input in estimating the ALL. The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the appropriateness of the loan risk ratings because its procedures were limited to testing the risk ratings for a selection of loans originated in the current year and comparing loan risk ratings used in the ALL calculation for certain loans to issuer-prepared reports. (AS 2501.09 .10 and .11) Triennially Inspected 6398 RH CPA 2020 United States 2022-04-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency An Income Statement Account 1 AS 2810 30 The firm did not sufficiently evaluate whether the issuer's accounting for an income statement account was in conformity with US GAAP because the firm did not evaluate all relevant information. (AS 2810.30) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control over the review of the entry to record certain revenue and the calculation of that revenue. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of certain assumptions used in the calculation. (AS 2201.42 and .44) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control over the review of the entry to record certain revenue and the calculation of that revenue. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of certain assumptions used in the calculation. (AS 2201.42 and .44) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing a control over the review of certain current-period revenue compared to the prior period. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing a control over the review of certain current-period revenue compared to the prior period. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 In addition the firm did not identify and test any controls over the accuracy and completeness of data used in the operation of the above two controls and another control over the review of the reconciliation of revenue. (AS 2201.39) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 27 To test certain revenue the firm selected for testing items that met specific criteria. The firm did not perform any substantive procedures to test the remaining portion of items that did not meet the specific criteria. (AS 1105.27; AS 2301.08) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 To test certain revenue the firm selected for testing items that met specific criteria. The firm did not perform any substantive procedures to test the remaining portion of items that did not meet the specific criteria. (AS 1105.27; AS 2301.08) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2201 42 The issuer exchanged land with an external party during the year. The issuer estimated the fair value of the acquired land based on the nominal value within the agreement and the purchase price of other land during the year (collectively the 'inputs'). The firm selected for testing a control that included a review of accounting and other considerations for this transaction. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the relevance of inputs used to estimate the fair value of the acquired land. (AS 2201.42 and .44) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2201 44 The issuer exchanged land with an external party during the year. The issuer estimated the fair value of the acquired land based on the nominal value within the agreement and the purchase price of other land during the year (collectively the 'inputs'). The firm selected for testing a control that included a review of accounting and other considerations for this transaction. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the relevance of inputs used to estimate the fair value of the acquired land. (AS 2201.42 and .44) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2502 26 The firm did not perform substantive procedures to evaluate the relevance of the inputs used to estimate the fair value of the acquired land beyond determining that the acquired land was adjacent to land previously acquired by the issuer during the year. (AS 2502.26 .28 and .31) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2502 28 The firm did not perform substantive procedures to evaluate the relevance of the inputs used to estimate the fair value of the acquired land beyond determining that the acquired land was adjacent to land previously acquired by the issuer during the year. (AS 2502.26 .28 and .31) Triennially Inspected 508 Lane Gorman Trubitt, LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2502 31 The firm did not perform substantive procedures to evaluate the relevance of the inputs used to estimate the fair value of the acquired land beyond determining that the acquired land was adjacent to land previously acquired by the issuer during the year. (AS 2502.26 .28 and .31) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing a control that consisted of management's review of the reasonableness of the significant inputs and assumptions used to record the business combination. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing a control that consisted of management's review of the reasonableness of the significant inputs and assumptions used to record the business combination. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2201 39 During the year the issuer acquired a business. The firm selected for testing a control that consisted of management's review of the reasonableness of the significant inputs and assumptions used to record the business combination. The firm did not identify and test any controls over the accuracy and completeness of certain issuer data and the relevance and reliability of external data used in the operation of the control. (AS 2201.39) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 1210 12 The issuer used an external valuation specialist to determine the fair value of the acquired entity. The firm's approach for substantively testing the fair value of the acquired entity was to review and test management's process. The firm did not perform any procedures to test the projections developed by the issuer that the external valuation specialist used. (AS 1210.12) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 4 AS 2502 26 The issuer used an external valuation specialist to determine the fair value of the acquired entity. The firm's approach for substantively testing the fair value of the acquired entity was to review and test management's process. The firm did not evaluate the reasonableness of the assumptions developed by the external valuation specialist. (AS 2502.26 and .28) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 4 AS 2502 28 The issuer used an external valuation specialist to determine the fair value of the acquired entity. The firm's approach for substantively testing the fair value of the acquired entity was to review and test management's process. The firm did not evaluate the reasonableness of the assumptions developed by the external valuation specialist. (AS 2502.26 and .28) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 5 AS 2201 42 The issuer used a valuation model to determine the fair value of a significant account. The firm selected for testing certain controls that consisted of management's review of the reasonableness of the assumptions used in the valuation model and the output from the valuation model. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 5 AS 2201 44 The issuer used a valuation model to determine the fair value of a significant account. The firm selected for testing certain controls that consisted of management's review of the reasonableness of the assumptions used in the valuation model and the output from the valuation model. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 6 AS 2201 39 The issuer used a valuation model to determine the fair value of a significant account. The firm selected for testing certain controls that consisted of management's review of the reasonableness of the assumptions used in the valuation model and the output from the valuation model. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of the controls. (AS 2201.39) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 7 AS 2201 39 The firm did not identify and test the necessary complementary user controls to place reliance on or identify and test any other controls over the accuracy and completeness of certain assumptions and reports from a service organization used in the operation of controls. (AS 2201.39 and .B22) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 7 AS 2201 B22 The firm did not identify and test the necessary complementary user controls to place reliance on or identify and test any other controls over the accuracy and completeness of certain assumptions and reports from a service organization used in the operation of controls. (AS 2201.39 and .B22) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 8 AS 2201 18 The firm used the work of an external party engaged by management to test certain controls that addressed this significant account. The firm did not assess the competence and objectivity of the external party. (AS 2201.18) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 9 AS 2605 24 The firm used the work of an external party engaged by management to test certain controls that addressed this significant account. The firm did not evaluate the quality and effectiveness of the external party's work. (AS 2605.24) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 10 AS 2502 26 The firm's approach for substantively testing the fair value of the significant account was to review and test management's process. The firm did not evaluate the reasonableness of certain assumptions used to determine the fair value. (AS 2502.26 and .28) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 10 AS 2502 28 The firm's approach for substantively testing the fair value of the significant account was to review and test management's process. The firm did not evaluate the reasonableness of certain assumptions used to determine the fair value. (AS 2502.26 and .28) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 11 AS 2502 26 The firm's approach for substantively testing the fair value of the significant account was to review and test management's process. The firm not perform any substantive procedures to test or in the alternative identify and test any controls over the accuracy and completeness of the internal data and did not evaluate the relevance and reliability of the external data the issuer used to develop certain assumptions. (AS 2502.26 .28 and .39) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 11 AS 2502 28 The firm's approach for substantively testing the fair value of the significant account was to review and test management's process. The firm not perform any substantive procedures to test or in the alternative identify and test any controls over the accuracy and completeness of the internal data and did not evaluate the relevance and reliability of the external data the issuer used to develop certain assumptions. (AS 2502.26 .28 and .39) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 11 AS 2502 39 The firm's approach for substantively testing the fair value of the significant account was to review and test management's process. The firm not perform any substantive procedures to test or in the alternative identify and test any controls over the accuracy and completeness of the internal data and did not evaluate the relevance and reliability of the external data the issuer used to develop certain assumptions. (AS 2502.26 .28 and .39) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Account 12 AS 2502 39 The firm's approach for substantively testing the fair value of the significant account was to review and test management's process. The firm did not test whether the fair value measurement was accurately calculated from the data and the issuer's assumptions. (AS 2502.39) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2301 19 The firm selected for testing controls that consisted of management's review of qualitative factors and the reasonableness of loan grade basis points used in the determination of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the qualitative factors and loan grade basis points. (AS 2301.19 and .21) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2301 21 The firm selected for testing controls that consisted of management's review of qualitative factors and the reasonableness of loan grade basis points used in the determination of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the qualitative factors and loan grade basis points. (AS 2301.19 and .21) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2301 19 The firm selected for testing a control that consisted of management's review of assigned loan risk ratings. The firm did not identify that this control only operated over newly originated loans and as designed would not prevent or detect a material misstatement related to the assignment of loan risk ratings to loans in the issuer's existing loan portfolio. (AS 2301.19) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2501 7 The firm did not perform procedures to evaluate the reasonableness of the qualitative factors and loan grade basis points used by the issuer to determine the ALL beyond comparing the current period qualitative factors and loan grade basis points to those used in prior periods. (AS 2501.07) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing described above. Further the sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing described above. Further the sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing described above. Further the sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2315 16 The sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing described above. Further the sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing described above. Further the sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing described above. Further the sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiency in the firm's control testing described above. Further the sample size the firm used in certain of its substantive procedures to test the reasonableness of assigned loan risk ratings was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 5 AS 2301 19 The firm selected for testing a control that consisted of management's review of other-than-temporary impairment of investment securities. The firm did not identify that this control only operated over certain investment securities and as designed would not prevent or detect a material misstatement related to the other investment securities. (AS 2301.19) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 6 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. Further the sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 6 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. Further the sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 6 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. Further the sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 6 AS 2315 16 The sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. Further the sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 6 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. Further the sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 6 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. Further the sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 726 Whitley Penn LLP 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Securities 6 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. Further the sample size the firm used in certain of its substantive procedures to test the valuation of investment securities was too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing a control that consisted of a quarterly comparison of a system-generated list of invoices used to recognize revenue to the related shipping documents to determine whether revenue was recorded in the correct period. The firm did not identify and test any controls over the accuracy and completeness of the system-generated list used in the operation of this control. (AS 2201.39) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The firm selected for testing a control that consisted of a quarterly comparison of a system-generated list of invoices used to recognize revenue to the related shipping documents to determine whether revenue was recorded in the correct period. The firm's testing of this control did not provide sufficient appropriate audit evidence of the control's operating effectiveness because the firm limited its testing to one invoice from each instance in which the control was selected for testing. (AS 2201.46) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing controls that consisted of the review and approval of (1) the quantity price and other terms and conditions for each customer order and (2) any changes to customer orders. The firm did not evaluate the specific review procedures that the control owners performed to determine the appropriateness of (1) the price and quantity for each customer order and (2) changes to customer orders. (AS 2201.42 and .44) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing controls that consisted of the review and approval of (1) the quantity price and other terms and conditions for each customer order and (2) any changes to customer orders. The firm did not evaluate the specific review procedures that the control owners performed to determine the appropriateness of (1) the price and quantity for each customer order and (2) changes to customer orders. (AS 2201.42 and .44) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 39 The firm selected for testing a control that consisted of management's review of the accounts receivable aging report to determine whether the allowance for doubtful accounts was appropriate. The firm did not identify and test any controls over the accuracy and completeness of the aging report used in the operation of this control. (AS 2201.39) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 The firm selected for testing a control that consisted of management's review of the accounts receivable aging report to determine whether the allowance for doubtful accounts was appropriate. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 The firm selected for testing a control that consisted of management's review of the accounts receivable aging report to determine whether the allowance for doubtful accounts was appropriate. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The firm selected for testing controls that consisted of management's reviews of system-generated reports used to determine the (1) amount of labor and overhead capitalized into inventory and (2) inventory obsolescence reserve. The firm did not identify and test any controls over the accuracy and completeness of the system-generated reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2201 42 The firm selected for testing controls that consisted of management's reviews of system-generated reports used to determine the (1) amount of labor and overhead capitalized into inventory and (2) inventory obsolescence reserve. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2201 44 The firm selected for testing controls that consisted of management's reviews of system-generated reports used to determine the (1) amount of labor and overhead capitalized into inventory and (2) inventory obsolescence reserve. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2501 9 The firm's approach for substantively testing the amount of labor and overhead costs capitalized into inventory and the slow-moving and obsolete inventory reserve was to review and test management's processes. The firm did not evaluate the reasonableness of the capitalized labor and overhead costs and the slow-moving and obsolete inventory reserve because the firm did not perform procedures to test certain methods and assumptions the issuer used to capitalize such costs and determine the reserve. (AS 2501.09 .10 and .11) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2501 10 The firm's approach for substantively testing the amount of labor and overhead costs capitalized into inventory and the slow-moving and obsolete inventory reserve was to review and test management's processes. The firm did not evaluate the reasonableness of the capitalized labor and overhead costs and the slow-moving and obsolete inventory reserve because the firm did not perform procedures to test certain methods and assumptions the issuer used to capitalize such costs and determine the reserve. (AS 2501.09 .10 and .11) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2501 11 The firm's approach for substantively testing the amount of labor and overhead costs capitalized into inventory and the slow-moving and obsolete inventory reserve was to review and test management's processes. The firm did not evaluate the reasonableness of the capitalized labor and overhead costs and the slow-moving and obsolete inventory reserve because the firm did not perform procedures to test certain methods and assumptions the issuer used to capitalize such costs and determine the reserve. (AS 2501.09 .10 and .11) Triennially Inspected 1057 Somekh Chaikin 2020 Israel KPMG International Cooperative 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries 10 AS 2401 61 The firm selected for testing manual journal entries meeting certain fraud criteria. The firm did not perform sufficient procedures to test these journal entries because it did not examine the underlying support for the entries and instead limited its procedures to inquiry of management. (AS 2401.61) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 1105 10 The firm selected for testing change management controls over an information technology ('IT') application the issuer used to process and record revenue and related accounts ('revenue transactions') and goodwill. The firm did not perform procedures to test the completeness of all types of changes in the population of changes from which it made its selections. (AS 1105.10) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 1105 10 The firm selected for testing change management controls over an information technology ('IT') application the issuer used to process and record revenue and related accounts ('revenue transactions') and goodwill. The firm did not perform procedures to test the completeness of all types of changes in the population of changes from which it made its selections. (AS 1105.10) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2201 46 The firm selected for testing automated and IT-dependent manual controls over revenue transactions and goodwill that used data and reports generated by the issuer's IT application. The firm's approach to test the accuracy and completeness of the data and reports depended on effective information technology general controls ('ITGCs') including those pertaining to change management. As a result of the deficiency in the firm's testing of change management controls discussed above the firm's testing of the automated and IT-dependent manual controls over revenue transactions and goodwill was not sufficient. (AS 2201.46) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 46 The firm selected for testing automated and IT-dependent manual controls over revenue transactions and goodwill that used data and reports generated by the issuer's IT application. The firm's approach to test the accuracy and completeness of the data and reports depended on effective information technology general controls ('ITGCs') including those pertaining to change management. As a result of the deficiency in the firm's testing of change management controls discussed above the firm's testing of the automated and IT-dependent manual controls over revenue transactions and goodwill was not sufficient. (AS 2201.46) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2201 42 The firm selected for testing certain automated controls over the processing and recording of revenue transactions. The firm's testing of these automated controls using a sample of only one instance of the controls' operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2201 44 The firm selected for testing certain automated controls over the processing and recording of revenue transactions. The firm's testing of these automated controls using a sample of only one instance of the controls' operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of certain controls over revenue transactions. The firm concluded that these deficiencies represented a significant deficiency based on the firm's testing of various compensating controls. The firm did not sufficiently evaluate the severity of the control deficiencies over the processing and recording of revenue transactions because it did not identify that the compensating controls were dependent on the effectiveness of the deficient controls. (AS 2201.68) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 6 AS 1105 10 The firm did not perform substantive procedures to test or sufficiently test controls over the completeness of a system-generated report that the firm used in its substantive testing of revenue transactions. (AS 1105.10) Triennially Inspected 1263 Ernst & Young LLP 2020 Canada Ernst & Young Global Limited 2022-04-08T00:00:00 Part I.A B Yes Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The firm did not sufficiently test this underlying data because it did not select its sample from the entire population of data that was used in this analysis. (AS 1105.10) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2020 Peru PricewaterhouseCoopers International Limited 2022-04-08T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized revenue in accordance with the terms and conditions of contractual arrangements with customers which were entered into the billing systems and used to create sales invoices and record revenue. The firm did not identify and test any controls to ensure that customers were invoiced and the related revenue was recognized in accordance with the contractual terms and conditions. Further the firm did not identify and test any controls over the initial entry of pricing data into the issuer's billing systems. (AS 2201.39) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2020 Peru PricewaterhouseCoopers International Limited 2022-04-08T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of month-to-month revenue variances. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2020 Peru PricewaterhouseCoopers International Limited 2022-04-08T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of month-to-month revenue variances. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2020 Peru PricewaterhouseCoopers International Limited 2022-04-08T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 39 The firm did not identify and test any controls over the identification of impairment indicators with respect to property plant and equipment ('PP&E'). Further the firm did not identify and test any controls over the determination of depreciation expense related to certain PP&E. (AS 2201.39) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2020 Peru PricewaterhouseCoopers International Limited 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2502 26 The issuer used various external pricing sources to determine the fair value of certain investments. The firm did not test the fair value of these investments beyond comparing their fair value to (1) pricing data that the firm obtained from the same sources used by the issuer or (2) a pricing report prepared by the issuer. (AS 2502.26 and .28) Triennially Inspected 1316 Gaveglio Aparicio y Asociados S. Civil de R.L. 2020 Peru PricewaterhouseCoopers International Limited 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2502 28 The issuer used various external pricing sources to determine the fair value of certain investments. The firm did not test the fair value of these investments beyond comparing their fair value to (1) pricing data that the firm obtained from the same sources used by the issuer or (2) a pricing report prepared by the issuer. (AS 2502.26 and .28) Triennially Inspected 5036 Assurance Dimensions 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable 1 AS 2201 39 The firm selected for testing controls that consisted of the review of (1) the allowance for doubtful accounts analysis (2) revenue transactions over a monetary threshold that occurred during certain time periods and (3) write-offs. The firm did not identify and test any controls over the accuracy and/or completeness of system-generated reports that the control owners used in the operation of these controls. (AS 2201.39) Triennially Inspected 5036 Assurance Dimensions 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5036 Assurance Dimensions 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5036 Assurance Dimensions 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5036 Assurance Dimensions 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5036 Assurance Dimensions 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5036 Assurance Dimensions 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5036 Assurance Dimensions 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable 3 AS 1105 10 The firm did not test or test controls over the accuracy and completeness of the system-generated accounts receivable aging report that it used in its substantive testing of the allowance for doubtful accounts. (AS 1105.10; AS 2501.11) Triennially Inspected 5036 Assurance Dimensions 2020 United States 2022-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Accounts Receivable 3 AS 2501 11 The firm did not test or test controls over the accuracy and completeness of the system-generated accounts receivable aging report that it used in its substantive testing of the allowance for doubtful accounts. (AS 1105.10; AS 2501.11) Triennially Inspected 6237 AJ Robbins CPA LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2502 26 The issuer determined the fair value of a significant account using certain assumptions and data. The firm did not sufficiently evaluate the reasonableness of these assumptions because it did not evaluate information that was inconsistent with the assumptions. (AS 2502.26 .28 .31 and .36) Triennially Inspected 6237 AJ Robbins CPA LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2502 28 The issuer determined the fair value of a significant account using certain assumptions and data. The firm did not sufficiently evaluate the reasonableness of these assumptions because it did not evaluate information that was inconsistent with the assumptions. (AS 2502.26 .28 .31 and .36) Triennially Inspected 6237 AJ Robbins CPA LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2502 31 The issuer determined the fair value of a significant account using certain assumptions and data. The firm did not sufficiently evaluate the reasonableness of these assumptions because it did not evaluate information that was inconsistent with the assumptions. (AS 2502.26 .28 .31 and .36) Triennially Inspected 6237 AJ Robbins CPA LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2502 36 The issuer determined the fair value of a significant account using certain assumptions and data. The firm did not sufficiently evaluate the reasonableness of these assumptions because it did not evaluate information that was inconsistent with the assumptions. (AS 2502.26 .28 .31 and .36) Triennially Inspected 6237 AJ Robbins CPA LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 2502 39 The issuer determined the fair value of a significant account using certain assumptions and data. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy of this data. (AS 2502.39) Triennially Inspected 6237 AJ Robbins CPA LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Statement Account 3 AS 2301 8 The firm did not perform procedures beyond inquiry of the issuer and reviewing certain agreements to test an income statement account. (AS 2301.08) Triennially Inspected 6237 AJ Robbins CPA LLC 2020 United States 2022-04-08T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 6237 AJ Robbins CPA LLC 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 1 AS 2301 8 The firm did not perform sufficient procedures to test certain liabilities because it did not test (1) whether the liabilities remained obligations at year end and if so (2) the amount of such liabilities. (AS 2301.08) Triennially Inspected 6237 AJ Robbins CPA LLC 2020 United States 2022-04-08T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 2 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58) Triennially Inspected 256 McGrail Merkel Quinn & Associates, P.C. 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The issuer recognized certain revenue upon shipment of its products to distributors. Certain contracts for this revenue included provisions for customer pricing rebates. The firm did not identify and evaluate the significance to the issuer's financial statements of departures from GAAP related to (1) the issuer not considering the rebates in estimating at the time revenue was recognized the amount of consideration to which it was entitled in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers and (2) the issuer's disclosures inaccurately stating that customer pricing rebates were recorded as a reduction of revenue in the same period the related sales were recorded. (AS 2810.30 and .31) Triennially Inspected 256 McGrail Merkel Quinn & Associates, P.C. 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 31 The issuer recognized certain revenue upon shipment of its products to distributors. Certain contracts for this revenue included provisions for customer pricing rebates. The firm did not identify and evaluate the significance to the issuer's financial statements of departures from GAAP related to (1) the issuer not considering the rebates in estimating at the time revenue was recognized the amount of consideration to which it was entitled in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers and (2) the issuer's disclosures inaccurately stating that customer pricing rebates were recorded as a reduction of revenue in the same period the related sales were recorded. (AS 2810.30 and .31) Triennially Inspected 256 McGrail Merkel Quinn & Associates, P.C. 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 To substantively test revenue the firm selected sales transactions for testing. For these selections the firm did not evaluate whether all of the relevant revenue recognition criteria had been met. (AS 2301.08) Triennially Inspected 256 McGrail Merkel Quinn & Associates, P.C. 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 9 The firm's approach for substantively testing the issuer's reserve for excess and obsolete (E&O) inventory was to develop an independent expectation of the estimate. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm's independent expectation was limited to inventory items with no changes in quantities on hand during the year and did not consider whether there were other inventory items that required an E&O reserve. Further the firm's procedures to evaluate differences it identified from its independent expectation were limited to inquiry of management. (AS 2501.09 .10 and .12) Triennially Inspected 256 McGrail Merkel Quinn & Associates, P.C. 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 10 The firm's approach for substantively testing the issuer's reserve for excess and obsolete (E&O) inventory was to develop an independent expectation of the estimate. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm's independent expectation was limited to inventory items with no changes in quantities on hand during the year and did not consider whether there were other inventory items that required an E&O reserve. Further the firm's procedures to evaluate differences it identified from its independent expectation were limited to inquiry of management. (AS 2501.09 .10 and .12) Triennially Inspected 256 McGrail Merkel Quinn & Associates, P.C. 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 12 The firm's approach for substantively testing the issuer's reserve for excess and obsolete (E&O) inventory was to develop an independent expectation of the estimate. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm's independent expectation was limited to inventory items with no changes in quantities on hand during the year and did not consider whether there were other inventory items that required an E&O reserve. Further the firm's procedures to evaluate differences it identified from its independent expectation were limited to inquiry of management. (AS 2501.09 .10 and .12) Triennially Inspected 345 Rowles & Company, LLP 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 1105 27 To test the reasonableness of assigned loan grades to non-impaired loans which are an input used in estimating the ALL the firm selected loans originated in prior years that exceeded a monetary threshold for testing. The firm did not perform any procedures to test the remaining population of loans originated in prior years. (AS 1105.27; AS 2301.08) Triennially Inspected 345 Rowles & Company, LLP 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2301 8 To test the reasonableness of assigned loan grades to non-impaired loans which are an input used in estimating the ALL the firm selected loans originated in prior years that exceeded a monetary threshold for testing. The firm did not perform any procedures to test the remaining population of loans originated in prior years. (AS 1105.27; AS 2301.08) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm selected for testing a control that consisted of management's review and approval of inventory adjustments. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the accuracy of the inventory adjustments. (AS 2201.42 and .44) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing a control that consisted of management's review and approval of inventory adjustments. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the accuracy of the inventory adjustments. (AS 2201.42 and .44) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The firm selected for testing a control that consisted of management's quarterly review and approval of the inventory reserve analysis. The firm did not evaluate the specific review procedures the control owners performed to evaluate the (1) reasonableness of certain assumptions used to determine the inventory reserve and (2) accuracy and completeness of a system-generated report used in the operation of the control. (AS 2201.42 and .44) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The firm selected for testing a control that consisted of management's quarterly review and approval of the inventory reserve analysis. The firm did not evaluate the specific review procedures the control owners performed to evaluate the (1) reasonableness of certain assumptions used to determine the inventory reserve and (2) accuracy and completeness of a system-generated report used in the operation of the control. (AS 2201.42 and .44) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2501 9 The firm's approach for substantively testing the inventory reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the inventory reserve because the firm did not perform procedures to test the reasonableness of certain assumptions used by the issuer to determine the inventory reserve. (AS 2501.09 .10 and .11) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2501 10 The firm's approach for substantively testing the inventory reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the inventory reserve because the firm did not perform procedures to test the reasonableness of certain assumptions used by the issuer to determine the inventory reserve. (AS 2501.09 .10 and .11) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2501 11 The firm's approach for substantively testing the inventory reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the inventory reserve because the firm did not perform procedures to test the reasonableness of certain assumptions used by the issuer to determine the inventory reserve. (AS 2501.09 .10 and .11) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 1105 10 The firm's approach for substantively testing the inventory reserve was to review and test management's process. The firm did not test or sufficiently test controls over the accuracy and completeness of certain information the firm used in its substantive testing of the inventory reserve. (AS 1105.10; AS 2501.11) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2501 11 The firm's approach for substantively testing the inventory reserve was to review and test management's process. The firm did not test or sufficiently test controls over the accuracy and completeness of certain information the firm used in its substantive testing of the inventory reserve. (AS 1105.10; AS 2501.11) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer accrues a provision for customer rebates. The firm selected for testing a control that consisted of management's review of the rebate accrual and an investigation of certain variances over established thresholds. The firm did not evaluate whether the thresholds that the control owner used were sufficiently precise to detect misstatements that could be material. (AS 2201.42 and .44) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer accrues a provision for customer rebates. The firm selected for testing a control that consisted of management's review of the rebate accrual and an investigation of certain variances over established thresholds. The firm did not evaluate whether the thresholds that the control owner used were sufficiently precise to detect misstatements that could be material. (AS 2201.42 and .44) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test the rebate accrual was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test the rebate accrual was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test the rebate accrual was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test the rebate accrual was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test the rebate accrual was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1026 KPMG 2020 Taiwan KPMG International Cooperative 2022-03-24T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test the rebate accrual was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 1 AS 2201 30 The issuer completed an asset acquisition including the purchase of certain intangible assets. The issuer engaged an external specialist to estimate the fair value of the acquired intangible assets. The firm did not determine the likely sources of potential misstatements associated with these acquired intangible assets to identify and test controls that addressed the risks of misstatement for the relevant assertions including controls over the accuracy and completeness of issuer-prepared information provided to the external specialist. (AS 2201.30 and .39) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 1 AS 2201 39 The issuer completed an asset acquisition including the purchase of certain intangible assets. The issuer engaged an external specialist to estimate the fair value of the acquired intangible assets. The firm did not determine the likely sources of potential misstatements associated with these acquired intangible assets to identify and test controls that addressed the risks of misstatement for the relevant assertions including controls over the accuracy and completeness of issuer-prepared information provided to the external specialist. (AS 2201.30 and .39) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 2 AS 2201 39 The issuer completed an asset acquisition including the purchase of certain intangible assets. The issuer engaged an external specialist to estimate the fair value of the acquired intangible assets. The firm did not identify and test any controls over the subsequent valuation of these intangible assets. (AS 2201.39) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 3 AS 1210 12 The firm's approach for testing the fair value of the intangible assets acquired in the asset acquisition was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate the reasonableness of cash flow projections the issuer provided to the external specialist. Further the firm did not evaluate contrary evidence related to these projections. (AS 1210.12; AS 2810.03) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 3 AS 2810 3 The firm's approach for testing the fair value of the intangible assets acquired in the asset acquisition was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate the reasonableness of cash flow projections the issuer provided to the external specialist. Further the firm did not evaluate contrary evidence related to these projections. (AS 1210.12; AS 2810.03) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 4 AS 2502 26 The firm's approach for testing the fair value of the intangible assets acquired in the asset acquisition was to review and test management's process. The following deficiencies were identified: · The firm did not test the relevance and reliability of data the external specialist used to develop an assumption. (AS 2502.26 .28 and .31) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 4 AS 2502 28 The firm's approach for testing the fair value of the intangible assets acquired in the asset acquisition was to review and test management's process. The following deficiencies were identified: · The firm did not test the relevance and reliability of data the external specialist used to develop an assumption. (AS 2502.26 .28 and .31) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 4 AS 2502 31 The firm's approach for testing the fair value of the intangible assets acquired in the asset acquisition was to review and test management's process. The following deficiencies were identified: · The firm did not test the relevance and reliability of data the external specialist used to develop an assumption. (AS 2502.26 .28 and .31) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 5 AS 2502 26 The firm's approach for testing the fair value of the intangible assets acquired in the asset acquisition was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate the reasonableness of an assumption developed by the external specialist. (AS 2502.26 and .28) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 5 AS 2502 28 The firm's approach for testing the fair value of the intangible assets acquired in the asset acquisition was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate the reasonableness of an assumption developed by the external specialist. (AS 2502.26 and .28) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 6 AS 1210 12 The firm's approach for testing the fair value of the intangible assets acquired in the asset acquisition was to review and test management's process. The following deficiencies were identified: · The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of issuer-prepared information provided to the external specialist. (AS 1210.12) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 7 AS 2810 3 The issuer performed a qualitative assessment to determine whether any of the acquired intangible assets were impaired. The firm did not sufficiently evaluate whether the issuer considered certain relevant events or changes in circumstances in conformity with FASB ASC Topic 350 Intangibles —Goodwill and Other including the issuer's recurring operating losses net losses negative cash flows from operations and substantial doubt about the issuer's ability to continue as a going concern when evaluating the issuer's qualitative assessment. (AS 2810.03 and .30) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 7 AS 2810 30 The issuer performed a qualitative assessment to determine whether any of the acquired intangible assets were impaired. The firm did not sufficiently evaluate whether the issuer considered certain relevant events or changes in circumstances in conformity with FASB ASC Topic 350 Intangibles —Goodwill and Other including the issuer's recurring operating losses net losses negative cash flows from operations and substantial doubt about the issuer's ability to continue as a going concern when evaluating the issuer's qualitative assessment. (AS 2810.03 and .30) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Participant Contributions 1 AS 1105 10 The firm did not perform procedures to test the accuracy and completeness of data produced from the issuer's payroll system that the firm used to test participant contributions. (AS 1105.10) Triennially Inspected 2226 Warren Averett, LLC 2020 United States 2022-03-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Participant Contributions 2 AS 2301 8 The firm used certain data produced by the issuer's benefit plan record keeper in testing participant contributions. The firm did not perform any procedures that addressed the accuracy and completeness of this data. (AS 2301.08) Triennially Inspected 3083 ASA & Associates LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 1 AS 2201 42 The firm selected for testing certain controls that consisted of the issuer's review of the allowance for doubtful accounts. The firm did not evaluate whether the controls were designed and operating effectively to ensure the methodology and assumptions used by management to develop the allowance for doubtful accounts were in conformity with IFRS. (AS 2201.42 and .44) Triennially Inspected 3083 ASA & Associates LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 1 AS 2201 44 The firm selected for testing certain controls that consisted of the issuer's review of the allowance for doubtful accounts. The firm did not evaluate whether the controls were designed and operating effectively to ensure the methodology and assumptions used by management to develop the allowance for doubtful accounts were in conformity with IFRS. (AS 2201.42 and .44) Triennially Inspected 3083 ASA & Associates LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 2 AS 2810 30 The firm did not evaluate whether the allowance for doubtful accounts was developed in conformity with IFRS. (AS 2810.30) Triennially Inspected 5034 NMS, Inc. 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 1105 27 To test the pricing of inventory the firm selected items for testing that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining inventory population. (AS 1105.27; AS 2301.08) Triennially Inspected 5034 NMS, Inc. 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2301 8 To test the pricing of inventory the firm selected items for testing that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining inventory population. (AS 1105.27; AS 2301.08) Triennially Inspected 5034 NMS, Inc. 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 7 The firm did not evaluate whether inventory was recorded at the lower of cost or market. (AS 2501.07) Triennially Inspected 5686 Kirtane & Pandit LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant accounts and disclosures 1 AS 1101 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to inquiring of management and obtaining a bank statement one sale invoice and one purchase invoice. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 5686 Kirtane & Pandit LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant accounts and disclosures 1 AS 1105 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to inquiring of management and obtaining a bank statement one sale invoice and one purchase invoice. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 5686 Kirtane & Pandit LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant accounts and disclosures 1 AS 2101 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to inquiring of management and obtaining a bank statement one sale invoice and one purchase invoice. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 5686 Kirtane & Pandit LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant accounts and disclosures 1 AS 2101 10 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to inquiring of management and obtaining a bank statement one sale invoice and one purchase invoice. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 5686 Kirtane & Pandit LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant accounts and disclosures 1 AS 2105 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to inquiring of management and obtaining a bank statement one sale invoice and one purchase invoice. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 5686 Kirtane & Pandit LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant accounts and disclosures 1 AS 2110 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to inquiring of management and obtaining a bank statement one sale invoice and one purchase invoice. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 5686 Kirtane & Pandit LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant accounts and disclosures 1 AS 2301 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to inquiring of management and obtaining a bank statement one sale invoice and one purchase invoice. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 5686 Kirtane & Pandit LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant accounts and disclosures 1 AS 2805 5 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to inquiring of management and obtaining a bank statement one sale invoice and one purchase invoice. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 5686 Kirtane & Pandit LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant accounts and disclosures 1 AS 2810 30 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to inquiring of management and obtaining a bank statement one sale invoice and one purchase invoice. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 5686 Kirtane & Pandit LLP 2020 India 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant accounts and disclosures 1 AS 2810 31 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because its procedures were limited to inquiring of management and obtaining a bank statement one sale invoice and one purchase invoice. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2105.03; AS 2110.04; AS 2301.08; AS 2805.05; AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 13 The firm identified a fraud risk related to revenue. The firm did not perform tests of details over certain other revenue in response to the fraud risk. (AS 2301.13) Unrelated to our review the issuer reevaluated its accounting for certain revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2810 30 During the year the issuer acquired a controlling interest of a business. The firm did not identify and appropriately address the issuer's omission of disclosures required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2810 30 During the year the issuer acquired a controlling interest of a business. The firm did not perform sufficient procedures to test whether the issuer's accounting of the business combination was in conformity with FASB ASC Topic 805 because the firm did not evaluate whether the issuer (1) appropriately recorded the acquisition consideration (2) identified and appropriately recorded all assets acquired liabilities assumed and non-controlling interests and (3) measured them at their respective acquisition-date fair values. (AS 2810.30) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2810 31 During the year the issuer acquired a controlling interest of a business. The firm did not identify and appropriately address the issuer's omission of disclosures required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 1 AS 2502 15 During the year the issuer issued shares of common stock in exchange for services rendered. The firm did not test the fair value of the shares issued. (AS 2502.15) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 2 AS 2502 26 During the year the issuer also issued stock options for services rendered and determined their fair value using both data and assumptions. The firm did not perform any substantive procedures to test or in the alternative test controls over the accuracy and completeness of this data and evaluate the reasonableness of these assumptions. (AS 2502.26 .28 and .39) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 2 AS 2502 28 During the year the issuer also issued stock options for services rendered and determined their fair value using both data and assumptions. The firm did not perform any substantive procedures to test or in the alternative test controls over the accuracy and completeness of this data and evaluate the reasonableness of these assumptions. (AS 2502.26 .28 and .39) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 2 AS 2502 39 During the year the issuer also issued stock options for services rendered and determined their fair value using both data and assumptions. The firm did not perform any substantive procedures to test or in the alternative test controls over the accuracy and completeness of this data and evaluate the reasonableness of these assumptions. (AS 2502.26 .28 and .39) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 3 AS 2502 39 During the year the issuer also issued stock options for services rendered and determined their fair value using both data and assumptions. The firm did not evaluate whether the fair value was properly determined from such data and assumptions. (AS 2502.39) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the performance obligations were satisfied before revenue was recognized. (AS 2301.08) Triennially Inspected 6117 Heaton & Company, PLLC 2020 United States 2022-03-24T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the performance obligation(s) was satisfied before certain revenue was recognized. (AS 2301.08) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The issuer used service organizations to host and/or maintain and manage various information technology (IT) systems that the issuer used to initiate process and record transactions related to the ALL and Investment Securities. The following deficiencies were identified: · The firm did not perform procedures beyond inquiring of management and reading certain related documentation to test that controls over program changes access to programs and computer operations were designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The issuer used service organizations to host and/or maintain and manage various information technology (IT) systems that the issuer used to initiate process and record transactions related to the ALL and Investment Securities. The following deficiencies were identified: · The firm did not perform procedures beyond inquiring of management and reading certain related documentation to test that controls over program changes access to programs and computer operations were designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The issuer used service organizations to host and/or maintain and manage various information technology (IT) systems that the issuer used to initiate process and record transactions related to the ALL and Investment Securities. The following deficiencies were identified: · The firm did not perform procedures beyond inquiring of management and reading certain related documentation to test that controls over program changes access to programs and computer operations were designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The issuer used service organizations to host and/or maintain and manage various information technology (IT) systems that the issuer used to initiate process and record transactions related to the ALL and Investment Securities. The following deficiencies were identified: · The firm did not perform procedures beyond inquiring of management and reading certain related documentation to test that controls over program changes access to programs and computer operations were designed and operating effectively. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 B22 The issuer used service organizations to host and/or maintain and manage various information technology (IT) systems that the issuer used to initiate process and record transactions related to the ALL and Investment Securities. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the appropriate complementary user entity controls were implemented and operating effectively in order to achieve the control objectives stated in the service organizations' control reports. (AS 2201.B22) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 B22 The issuer used service organizations to host and/or maintain and manage various information technology (IT) systems that the issuer used to initiate process and record transactions related to the ALL and Investment Securities. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the appropriate complementary user entity controls were implemented and operating effectively in order to achieve the control objectives stated in the service organizations' control reports. (AS 2201.B22) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 Loan risk ratings were an important input in estimating the issuer's ALL. The firm selected for testing a control designed to validate loan risk ratings assigned by the issuer to certain categories of its loans. The issuer used internal loan reviewers (ILRs) and an external loan reviewer (ELR) in the operation of this control. The following deficiencies were identified: · The firm did not evaluate the review procedures that the ILRs performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 44 Loan risk ratings were an important input in estimating the issuer's ALL. The firm selected for testing a control designed to validate loan risk ratings assigned by the issuer to certain categories of its loans. The issuer used internal loan reviewers (ILRs) and an external loan reviewer (ELR) in the operation of this control. The following deficiencies were identified: · The firm did not evaluate the review procedures that the ILRs performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 39 Loan risk ratings were an important input in estimating the issuer's ALL. The firm selected for testing a control designed to validate loan risk ratings assigned by the issuer to certain categories of its loans. The issuer used internal loan reviewers (ILRs) and an external loan reviewer (ELR) in the operation of this control. The following deficiencies were identified: · The ELR reviewed loan risk ratings at an interim date. The firm did not identify and test any controls over the loans that were subject to review by the ELR from the interim date to the issuer's year end. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2201 39 Loan risk ratings were an important input in estimating the issuer's ALL. The firm selected for testing a control designed to validate loan risk ratings assigned by the issuer to certain categories of its loans. The issuer used internal loan reviewers (ILRs) and an external loan reviewer (ELR) in the operation of this control. The following deficiencies were identified: · The firm did not identify and test any controls over the reasonableness of loan risk ratings for loans that were not subject to this control. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2201 39 Loan risk ratings were an important input in estimating the issuer's ALL. The firm selected for testing a control designed to validate loan risk ratings assigned by the issuer to certain categories of its loans. The issuer used internal loan reviewers (ILRs) and an external loan reviewer (ELR) in the operation of this control. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of data the ILRs and ELR used in the performance of this control. (AS 2201.39) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 7 AS 2201 62 The firm identified deficiencies in certain of the issuer's other controls over the ALL it had selected for testing and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm did not sufficiently evaluate whether the identified control deficiencies represented a material weakness because the firm did not evaluate the magnitude of the potential misstatements resulting from these control deficiencies. (AS 2201.62) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 8 AS 2501 10 The firm's approach for substantively testing the quantitative component of the ALL was (1) to review and test management's process and (2) develop an independent expectation. The issuer used loss data from selected peer companies to develop loss rates that it used to estimate the quantitative component of the portion of the ALL related to loans collectively evaluated for impairment. The following deficiencies were identified: · The firm did not obtain an understanding of how the issuer developed its loss rates. (AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 9 AS 2501 9 The firm's approach for substantively testing the quantitative component of the ALL was (1) to review and test management's process and (2) develop an independent expectation. The issuer used loss data from selected peer companies to develop loss rates that it used to estimate the quantitative component of the portion of the ALL related to loans collectively evaluated for impairment. The following deficiencies were identified: · To test management's process the firm compared the loss rates developed by the issuer to the loss rates of certain peer companies identified by the issuer. The firm did not sufficiently evaluate the relevance of the loss rates of the peer companies because the firm did not evaluate the comparability of the composition and risk characteristics of the issuer's loan portfolio to the loan portfolios of the peer companies. (AS 2501.09 .10 and .11) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 9 AS 2501 10 The firm's approach for substantively testing the quantitative component of the ALL was (1) to review and test management's process and (2) develop an independent expectation. The issuer used loss data from selected peer companies to develop loss rates that it used to estimate the quantitative component of the portion of the ALL related to loans collectively evaluated for impairment. The following deficiencies were identified: · To test management's process the firm compared the loss rates developed by the issuer to the loss rates of certain peer companies identified by the issuer. The firm did not sufficiently evaluate the relevance of the loss rates of the peer companies because the firm did not evaluate the comparability of the composition and risk characteristics of the issuer's loan portfolio to the loan portfolios of the peer companies. (AS 2501.09 .10 and .11) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 9 AS 2501 11 The firm's approach for substantively testing the quantitative component of the ALL was (1) to review and test management's process and (2) develop an independent expectation. The issuer used loss data from selected peer companies to develop loss rates that it used to estimate the quantitative component of the portion of the ALL related to loans collectively evaluated for impairment. The following deficiencies were identified: · The firm did not obtain an understanding of how the issuer developed its loss rates. (AS 2501.10) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 10 AS 2501 9 The firm's approach for substantively testing the quantitative component of the ALL was (1) to review and test management's process and (2) develop an independent expectation. The issuer used loss data from selected peer companies to develop loss rates that it used to estimate the quantitative component of the portion of the ALL related to loans collectively evaluated for impairment. The following deficiencies were identified: · To develop an independent expectation the firm used a combination of the issuer's historical loss rates and the loss rates of the group of peer companies used by the issuer to develop estimated loss ranges and compared these estimated loss ranges to the issuer's loss rates. The firm did not evaluate (1) the reasonableness of the assumptions used to develop these estimated loss ranges and (2) the differences between these estimated loss ranges and issuer's loss rates. (AS 2501.09 .10 and .12) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 10 AS 2501 10 The firm's approach for substantively testing the quantitative component of the ALL was (1) to review and test management's process and (2) develop an independent expectation. The issuer used loss data from selected peer companies to develop loss rates that it used to estimate the quantitative component of the portion of the ALL related to loans collectively evaluated for impairment. The following deficiencies were identified: · To develop an independent expectation the firm used a combination of the issuer's historical loss rates and the loss rates of the group of peer companies used by the issuer to develop estimated loss ranges and compared these estimated loss ranges to the issuer's loss rates. The firm did not evaluate (1) the reasonableness of the assumptions used to develop these estimated loss ranges and (2) the differences between these estimated loss ranges and issuer's loss rates. (AS 2501.09 .10 and .12) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 10 AS 2501 11 The firm's approach for substantively testing the quantitative component of the ALL was (1) to review and test management's process and (2) develop an independent expectation. The issuer used loss data from selected peer companies to develop loss rates that it used to estimate the quantitative component of the portion of the ALL related to loans collectively evaluated for impairment. The following deficiencies were identified: · To develop an independent expectation the firm used a combination of the issuer's historical loss rates and the loss rates of the group of peer companies used by the issuer to develop estimated loss ranges and compared these estimated loss ranges to the issuer's loss rates. The firm did not evaluate (1) the reasonableness of the assumptions used to develop these estimated loss ranges and (2) the differences between these estimated loss ranges and issuer's loss rates. (AS 2501.09 .10 and .12) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 11 AS 2501 9 The firm's approach for substantively testing the qualitative component of the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve component were limited to (1) reading the issuer's ALL memorandum (2) testing certain observable inputs related to existing economic conditions that the issuer used to develop its loss estimates and (3) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 11 AS 2501 10 The firm's approach for substantively testing the qualitative component of the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve component were limited to (1) reading the issuer's ALL memorandum (2) testing certain observable inputs related to existing economic conditions that the issuer used to develop its loss estimates and (3) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 11 AS 2501 11 The firm's approach for substantively testing the qualitative component of the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve component were limited to (1) reading the issuer's ALL memorandum (2) testing certain observable inputs related to existing economic conditions that the issuer used to develop its loss estimates and (3) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 12 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and/or completeness of certain data and reports the firm used in its substantive testing of the ALL. (AS 1105.10) Triennially Inspected 286 Eide Bailly LLP 2020 United States 2022-03-10T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of a report obtained from the issuer that it used in its substantive procedures to test revenue. (AS 1105.10) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Income 1 AS 2601 14 The issuer used service organizations for accounting and custodial services. The firm's approach to testing net realized gain or loss on investment securities and investment income included reliance on controls. The firm did not test beyond inquiry complementary user controls over net realized gain or loss and investment income identified in the service auditors' reports. (AS 2601.14) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Net Realized Gain or Loss on Investment Securities 1 AS 2601 14 The issuer used service organizations for accounting and custodial services. The firm's approach to testing net realized gain or loss on investment securities and investment income included reliance on controls. The firm did not test beyond inquiry complementary user controls over net realized gain or loss and investment income identified in the service auditors' reports. (AS 2601.14) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Income 2 AS 2601 16 The issuer used service organizations for accounting and custodial services. The firm's approach to testing net realized gain or loss on investment securities and investment income included reliance on controls. Given the length of the period under audit not covered by the service auditors' reports the firm inappropriately limited its procedures to reading the bridge letters. (AS 2601.16) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Net Realized Gain or Loss on Investment Securities 2 AS 2601 16 The issuer used service organizations for accounting and custodial services. The firm's approach to testing net realized gain or loss on investment securities and investment income included reliance on controls. Given the length of the period under audit not covered by the service auditors' reports the firm inappropriately limited its procedures to reading the bridge letters. (AS 2601.16) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Income 3 AS 2601 16 Certain service organizations used sub-service organizations to assist with the accounting and custodial services and the controls for the sub-service organizations were not addressed in the service auditors' reports. The firm did not determine whether it was necessary to obtain an understanding of or test any relevant controls at the sub-service organizations. (AS 2601.16) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Net Realized Gain or Loss on Investment Securities 3 AS 2601 16 Certain service organizations used sub-service organizations to assist with the accounting and custodial services and the controls for the sub-service organizations were not addressed in the service auditors' reports. The firm did not determine whether it was necessary to obtain an understanding of or test any relevant controls at the sub-service organizations. (AS 2601.16) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Income 1 AS 2601 14 The issuer used service organizations for accounting and custodial services. The firm's approach to testing net realized gain or loss on investment securities and investment income included reliance on controls. The firm did not test beyond inquiry complementary user controls over net realized gain or loss and investment income identified in the service auditors' reports. (AS 2601.14) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Net Realized Gain or Loss on Investment Securities 1 AS 2601 14 The issuer used service organizations for accounting and custodial services. The firm's approach to testing net realized gain or loss on investment securities and investment income included reliance on controls. The firm did not test beyond inquiry complementary user controls over net realized gain or loss and investment income identified in the service auditors' reports. (AS 2601.14) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investment Income 2 AS 2601 16 Certain service organizations used sub-service organizations to assist with the accounting and custodial services and the controls for the sub-service organizations were not addressed in the service auditors' reports. The firm did not determine whether it was necessary to obtain an understanding of or test any relevant controls at the sub-service organizations. (AS 2601.16) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Net Realized Gain or Loss on Investment Securities 2 AS 2601 16 Certain service organizations used sub-service organizations to assist with the accounting and custodial services and the controls for the sub-service organizations were not addressed in the service auditors' reports. The firm did not determine whether it was necessary to obtain an understanding of or test any relevant controls at the sub-service organizations. (AS 2601.16) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Investment Income 1 AS 2601 14 The issuer used service organizations for accounting and custodial services. The firm's approach to testing net realized gain or loss on investment securities and investment income included reliance on controls. The firm did not test beyond inquiry complementary user controls over net realized gain or loss and investment income identified in the service auditors' reports. (AS 2601.14) Triennially Inspected 445 Tait, Weller & Baker, LLP 2020 United States 2022-03-10T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Net Realized Gain or Loss on Investment Securities 1 AS 2601 14 The issuer used service organizations for accounting and custodial services. The firm's approach to testing net realized gain or loss on investment securities and investment income included reliance on controls. The firm did not test beyond inquiry complementary user controls over net realized gain or loss and investment income identified in the service auditors' reports. (AS 2601.14) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer uses applications to process and record revenue transactions. The firm selected for testing controls over user access to these applications. The firm did not evaluate the specific review procedures that the control owners performed to verify the appropriateness of user access to certain of these applications. (AS 2201.42 and .44) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer uses applications to process and record revenue transactions. The firm selected for testing controls over user access to these applications. The firm did not evaluate the specific review procedures that the control owners performed to verify the appropriateness of user access to certain of these applications. (AS 2201.42 and .44) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer uses applications to process and record revenue transactions. The firm selected for testing controls over change management. The firm did not test these controls for certain applications beyond inquiry of management. (AS 2201.42 .44 and .50) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer uses applications to process and record revenue transactions. The firm selected for testing controls over change management. The firm did not test these controls for certain applications beyond inquiry of management. (AS 2201.42 .44 and .50) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 50 The issuer uses applications to process and record revenue transactions. The firm selected for testing controls over change management. The firm did not test these controls for certain applications beyond inquiry of management. (AS 2201.42 .44 and .50) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 46 The firm tested information technology ('IT') dependent manual controls that used reports generated by certain of these applications. The firm's approach to test the accuracy and completeness of these reports depended on effective IT general controls. As a result of the above deficiencies the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of certain revenue compared to expectations. In evaluating the design of this control the firm did not assess the effect of a change in how the expectations were developed on the control's ability to effectively prevent or detect a misstatement. (AS 2201.42) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 For certain revenue the firm did not identify and test any controls that addressed the risk of whether revenue was recorded based on purchase orders. (AS 2201.39) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of information used by the issuer in the operation of certain controls. (AS 2201.39) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of information used in the firm's testing of certain controls. (AS 1105.10) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 1105 10 The firm's approach for substantively testing the issuer's reserve for certain inventory was to develop an independent expectation based on an inventory aging. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of the inventory aging. (AS 1105.10; AS 2501.09 .10 and .12) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2501 9 The firm's approach for substantively testing the issuer's reserve for certain inventory was to develop an independent expectation based on an inventory aging. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of the inventory aging. (AS 1105.10; AS 2501.09 .10 and .12) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2501 10 The firm's approach for substantively testing the issuer's reserve for certain inventory was to develop an independent expectation based on an inventory aging. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of the inventory aging. (AS 1105.10; AS 2501.09 .10 and .12) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2501 12 The firm's approach for substantively testing the issuer's reserve for certain inventory was to develop an independent expectation based on an inventory aging. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of the inventory aging. (AS 1105.10; AS 2501.09 .10 and .12) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2501 7 The firm's approach for substantively testing the issuer's reserve for certain inventory was to develop an independent expectation based on an inventory aging. The firm did not perform any substantive procedures to test the reasonableness of the reserve for certain other inventory. (AS 2501.07) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 In testing certain revenue the firm did not evaluate the terms of the services between the issuer and its customers. (AS 2301.08) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2501 7 The firm did not perform any substantive procedures to test the reasonableness of the reserve for accounts receivable. (AS 2501.07) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 1105 10 The firm used issuer inventory costing data in its substantive procedures to test the valuation of inventory. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 7 The firm used issuer inventory costing data in its substantive procedures to test the valuation of inventory. The firm did not evaluate the reasonableness of the method the issuer used to allocate inventory-related costs to certain inventory. (AS 2501.07) Triennially Inspected 711 Friedman LLP 2020 United States 2022-03-10T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of certain data it used to test certain revenue. (AS 1105.10) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm selected for testing controls that consisted of management's review of certain financial results including the amount of revenue recognized during the period as compared to forecasted and/or budgeted amounts and investigation of variances. The firm did not evaluate the specific review procedures that the control owners performed to investigate identified variances. (AS 2201.42 and .44) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm selected for testing controls that consisted of management's review of certain financial results including the amount of revenue recognized during the period as compared to forecasted and/or budgeted amounts and investigation of variances. The firm did not evaluate the specific review procedures that the control owners performed to investigate identified variances. (AS 2201.42 and .44) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm selected for testing controls that consisted of management's review of certain financial results including the amount of revenue recognized during the period as compared to forecasted and/or budgeted amounts and investigation of variances. The firm the firm did not identify and test any controls over the accuracy of data used in the operation of these controls. (AS 2201.39) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm selected for testing another control that consisted of a comparison of data used in the determination of certain revenue from the component's source system to an external source. The firm did not identify and test any controls over the completeness of data used in the operation of this control. (AS 2201.39) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm selected for testing another control that consisted of management's monthly review of the status of projects to evaluate the appropriateness of the revenue recognized. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm selected for testing another control that consisted of management's monthly review of the status of projects to evaluate the appropriateness of the revenue recognized. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm selected for testing another control that consisted of management's monthly review of the status of projects to evaluate the appropriateness of the revenue recognized. The firm did not identify and test any controls over the accuracy and completeness of the report used in the operation of this control. (AS 2201.39) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 8 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm did not sufficiently evaluate whether certain revenue was appropriately recognized because the firm did not perform procedures to test various factors and assumptions used by the issuer beyond inquiring of management inspecting internally-generated customer invoices (for certain revenue) and recalculating the revenue recognized. (AS 2301.08 and .13; AS 2501.09 .10 and .11) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 13 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm did not sufficiently evaluate whether certain revenue was appropriately recognized because the firm did not perform procedures to test various factors and assumptions used by the issuer beyond inquiring of management inspecting internally-generated customer invoices (for certain revenue) and recalculating the revenue recognized. (AS 2301.08 and .13; AS 2501.09 .10 and .11) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2501 9 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm did not sufficiently evaluate whether certain revenue was appropriately recognized because the firm did not perform procedures to test various factors and assumptions used by the issuer beyond inquiring of management inspecting internally-generated customer invoices (for certain revenue) and recalculating the revenue recognized. (AS 2301.08 and .13; AS 2501.09 .10 and .11) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2501 10 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm did not sufficiently evaluate whether certain revenue was appropriately recognized because the firm did not perform procedures to test various factors and assumptions used by the issuer beyond inquiring of management inspecting internally-generated customer invoices (for certain revenue) and recalculating the revenue recognized. (AS 2301.08 and .13; AS 2501.09 .10 and .11) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2501 11 The component recognized revenue from a variety of sources. The following deficiencies were identified: · The firm did not sufficiently evaluate whether certain revenue was appropriately recognized because the firm did not perform procedures to test various factors and assumptions used by the issuer beyond inquiring of management inspecting internally-generated customer invoices (for certain revenue) and recalculating the revenue recognized. (AS 2301.08 and .13; AS 2501.09 .10 and .11) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 39 The firm selected for testing controls that consisted of management's review of (1) aged accounts receivable and/or (2) a reconciliation of accounts receivable to monthly billings. The firm did not identify and test any controls over the accuracy of the aging report and certain data used in the operation of these controls. (AS 2201.39) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accrued Revenue and Deferred Revenue 8 AS 2201 39 The firm selected for testing controls that consisted of management's review of aged accrued and deferred revenues. The firm did not identify and test any controls over the accuracy of the aging reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A B Yes ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 42 The firm selected for testing controls that consisted of management's (1) review and approval of proposals and (2) monthly review of reports used to recognize revenue. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the appropriateness of certain assumptions in the proposals and monthly reports used to recognize revenue. (AS 2201.42 and .44) Triennially Inspected 1070 Deloitte Touche Tohmatsu 2020 Australia Deloitte Touche Tohmatsu Limited 2022-03-10T00:00:00 Part I.A B Yes ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 44 The firm selected for testing controls that consisted of management's (1) review and approval of proposals and (2) monthly review of reports used to recognize revenue. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the appropriateness of certain assumptions in the proposals and monthly reports used to recognize revenue. (AS 2201.42 and .44) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Reclamation and Restoration Provisions 1 AS 2502 26 During the year the issuer reevaluated its reclamation and restoration provisions. The firm did not perform substantive procedures to evaluate the reasonableness of certain assumptions the issuer used in its reevaluation. (AS 2502.26 and .28) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Reclamation and Restoration Provisions 1 AS 2502 28 During the year the issuer reevaluated its reclamation and restoration provisions. The firm did not perform substantive procedures to evaluate the reasonableness of certain assumptions the issuer used in its reevaluation. (AS 2502.26 and .28) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Reclamation and Restoration Provisions 2 AS 2810 30 During the year the issuer reevaluated its reclamation and restoration provisions. The firm did not identify and evaluate the significance to the issuer's financial statements of a departure from GAAP related to the issuer's use of a discount rate that was not a current credit-adjusted risk-free rate in conformity with FASB ASC Topic 410 Asset Retirement and Environmental Obligations. (AS 2810.30) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 3 AS 2301 8 The issuer concluded at year end that certain of its oil and gas properties were not impaired. The firm concluded that the issuer's assessment was reasonable without performing any procedures. (AS 2301.08) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 4 AS 1105 10 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not test the accuracy and completeness of certain data obtained from the issuer. (AS 1105.10; AS 2501.09 .10 and .12) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 4 AS 2501 9 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not test the accuracy and completeness of certain data obtained from the issuer. (AS 1105.10; AS 2501.09 .10 and .12) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 4 AS 2501 10 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not test the accuracy and completeness of certain data obtained from the issuer. (AS 1105.10; AS 2501.09 .10 and .12) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 4 AS 2501 12 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not test the accuracy and completeness of certain data obtained from the issuer. (AS 1105.10; AS 2501.09 .10 and .12) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 5 AS 2501 9 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain assumptions obtained from the issuer including the reasonableness of those assumptions in light of the firm's conclusion that there was substantial doubt about the issuer's ability to continue as a going concern. (AS 2501.09 .10 and .12; AS 2810.03) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 5 AS 2501 10 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain assumptions obtained from the issuer including the reasonableness of those assumptions in light of the firm's conclusion that there was substantial doubt about the issuer's ability to continue as a going concern. (AS 2501.09 .10 and .12; AS 2810.03) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 5 AS 2501 12 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain assumptions obtained from the issuer including the reasonableness of those assumptions in light of the firm's conclusion that there was substantial doubt about the issuer's ability to continue as a going concern. (AS 2501.09 .10 and .12; AS 2810.03) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 5 AS 2810 3 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain assumptions obtained from the issuer including the reasonableness of those assumptions in light of the firm's conclusion that there was substantial doubt about the issuer's ability to continue as a going concern. (AS 2501.09 .10 and .12; AS 2810.03) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 6 AS 2501 9 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not perform any procedures to determine the reasonableness of an assumption it developed and used in its independent expectation. (AS 2501.09 .10 and .12) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 6 AS 2501 10 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not perform any procedures to determine the reasonableness of an assumption it developed and used in its independent expectation. (AS 2501.09 .10 and .12) Triennially Inspected 1177 Hay & Watson 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Oil and Gas Properties 6 AS 2501 12 The firm's approach for substantively testing the issuer's evaluation of certain other oil and gas properties for possible impairment was to develop an independent expectation of the estimate of undiscounted cash flows. The firm obtained certain data and assumptions from the issuer to develop its expectation. The following deficiencies were identified: · The firm did not perform any procedures to determine the reasonableness of an assumption it developed and used in its independent expectation. (AS 2501.09 .10 and .12) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Significant Estimate 1 AS 2201 39 The issuer used various models methodologies and assumptions to determine the estimate. The following deficiencies were identified: · The firm did not identify and test any controls over the monitoring of the models to determine whether the models remained suitable for their intended purpose or if revisions to the models were necessary. (AS 2201.39) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Significant Estimate 2 AS 2201 42 The issuer used various models methodologies and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing certain controls that consisted of the review of certain methodologies and assumptions used by the issuer to determine the estimate. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Significant Estimate 2 AS 2201 44 The issuer used various models methodologies and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing certain controls that consisted of the review of certain methodologies and assumptions used by the issuer to determine the estimate. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Significant Estimate 3 AS 1105 10 The issuer used various models methodologies and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing change management and user access controls over an application used by the issuer to determine the estimate. The firm did not test or in the alternative test any controls over the completeness of the population of changes that were processed internally by the issuer's IT personnel and that the firm used in its testing of certain controls over change management. (AS 1105.10) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Significant Estimate 4 AS 2201 42 The issuer used various models methodologies and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing change management and user access controls over an application used by the issuer to determine the estimate. In testing controls over user access the firm did not perform sufficient procedures to test the access controls because it limited its testing to users with certain access privileges. (AS 2201.42 and .44) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Significant Estimate 4 AS 2201 44 The issuer used various models methodologies and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing change management and user access controls over an application used by the issuer to determine the estimate. In testing controls over user access the firm did not perform sufficient procedures to test the access controls because it limited its testing to users with certain access privileges. (AS 2201.42 and .44) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Significant Estimate 5 AS 2201 46 The issuer used various models methodologies and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing certain automated controls over the calculation and classification of data within the application used by the issuer to determine the estimate. The firm's approach to testing a single instance of each of these controls was dependent on effective information technology general controls. Due to the deficiencies in the firm's testing of the change management and user access controls discussed above the firm's testing of these automated controls was not sufficient. (AS 2201.46) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Significant Estimate 6 AS 2201 68 The issuer used various models methodologies and assumptions to determine the estimate. The following deficiencies were identified: · The firm identified deficiencies in the design of controls over certain assumptions used in the determination of the estimate. The firm identified and tested controls that it believed would mitigate these deficiencies. The firm did not identify that the compensating controls tested did not address whether changes to these assumptions were authorized. (AS 2201.68) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing controls that consisted of the reconciliation of data from the issuer's revenue input system to its billing systems. The firm did not identify and test any controls over the accuracy of the data used in the operation of these controls. (AS 2201.39) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm selected for testing controls that consisted of (1) the approval of new customers and creation of customer accounts in the billing systems and (2) the review and approval of new contracts and sales orders. The firm did not test or in the alternative test any controls over the completeness of the reports that the firm used in its testing of these controls. (AS 1105.10) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The issuer reported revenue from multiple sources. The firm did not evaluate whether persuasive evidence of an arrangement existed and delivery of services had occurred as of the date in which certain revenue transactions selected for testing had been recognized. Further the firm did not perform any substantive procedures to test certain other revenue transactions. (AS 2301.08) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The issuer reported revenue from multiple sources. For one source of revenue the firm did not test or in the alternative test any controls over the accuracy and completeness of data used by the issuer to calculate the revenue. (AS 1105.10) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of billed accounts receivable. For positive confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the receivables were accurate as of the confirmation date. (AS 2310.31) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 1105 4 The firm selected certain other billed account receivables and agreed the customer balances to issuer-generated invoices. The firm did not perform any procedures to evaluate the relevance and/or reliability of the invoices it used to test such receivables. (AS 1105.04 and .06) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 1105 6 The firm selected certain other billed account receivables and agreed the customer balances to issuer-generated invoices. The firm did not perform any procedures to evaluate the relevance and/or reliability of the invoices it used to test such receivables. (AS 1105.04 and .06) Triennially Inspected 1216 KPMG 2020 Panama KPMG International Cooperative 2022-03-10T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2301 8 The firm did not sufficiently test unbilled receivables because the firm did not perform procedures to test such receivables beyond comparing certain unbilled balances as of an interim date to the respective balances at year end. (AS 2301.08) Triennially Inspected 1288 WDM Chartered Professional Accountants 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivatives 1 AS 2502 26 The firm did not evaluate the reasonableness of significant assumptions used to determine the fair value of derivative liabilities. (AS 2502.26 and .28) Triennially Inspected 1288 WDM Chartered Professional Accountants 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivatives 1 AS 2502 28 The firm did not evaluate the reasonableness of significant assumptions used to determine the fair value of derivative liabilities. (AS 2502.26 and .28) Triennially Inspected 1288 WDM Chartered Professional Accountants 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 2502 39 The firm did not perform any substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of data used in this determination. (AS 2502.39) Triennially Inspected 1288 WDM Chartered Professional Accountants 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Asset Acquisition 3 AS 2810 30 During the year the issuer entered into an agreement to acquire all of the assets and liabilities of another entity. The firm did not evaluate the accounting treatment for the initial recognition of the transaction as either a business combination or asset acquisition in conformity with IFRS 3 Business Combinations. (AS 2810.30) Triennially Inspected 2885 Chen and Fan Accountancy Corporation 2020 United States 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Prepayment for Land 1 AS 2810 3 The issuer disclosed that a prepayment for land was refundable even though the deadline for the rights to receive the refund expired prior to year end. The firm did not evaluate whether the issuer appropriately disclosed this prepayment as refundable. (AS 2810.03 .30 and .31) Triennially Inspected 2885 Chen and Fan Accountancy Corporation 2020 United States 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Prepayment for Land 1 AS 2810 30 The issuer disclosed that a prepayment for land was refundable even though the deadline for the rights to receive the refund expired prior to year end. The firm did not evaluate whether the issuer appropriately disclosed this prepayment as refundable. (AS 2810.03 .30 and .31) Triennially Inspected 2885 Chen and Fan Accountancy Corporation 2020 United States 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Prepayment for Land 1 AS 2810 31 The issuer disclosed that a prepayment for land was refundable even though the deadline for the rights to receive the refund expired prior to year end. The firm did not evaluate whether the issuer appropriately disclosed this prepayment as refundable. (AS 2810.03 .30 and .31) Triennially Inspected 5828 SRCO Professional Corporation 2020 Canada 2022-03-10T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Equity and equity-related transactions 1 AS 2810 30 The issuer issued shares for services rendered by an external party. The firm did not evaluate whether the issuer's accounting for the issuance of the shares was in conformity with GAAP including whether the shares were appropriately measured at fair value on the correct date and whether the expense was recorded in the appropriate period. (AS 2810.30) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not identify and appropriately address the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 31 The firm did not identify and appropriately address the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 27 To test revenue the firm selected sales transactions for testing that exceeded a monetary threshold. The firm did not perform procedures beyond performing year-end cut-off procedures to test the remaining population of sales transactions. (AS 1105.27; AS 2301.08) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 To test revenue the firm selected sales transactions for testing that exceeded a monetary threshold. The firm did not perform procedures beyond performing year-end cut-off procedures to test the remaining population of sales transactions. (AS 1105.27; AS 2301.08) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2502 15 During the year the issuer completed a business combination. The firm did not perform any procedures to evaluate the reasonableness of the fair value assigned to certain acquired assets. (AS 2502.15) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2810 30 During the year the issuer completed a business combination. The firm did not evaluate whether this transaction was recorded in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 1105 27 To test certain revenue the firm selected sales transactions for testing that exceeded a monetary threshold. The firm did not perform procedures to test the remaining population of sales transactions. (AS 1105.27; AS 2301.08) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2301 8 To test certain revenue the firm selected sales transactions for testing that exceeded a monetary threshold. The firm did not perform procedures to test the remaining population of sales transactions. (AS 1105.27; AS 2301.08) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 1105 27 To test the related receivables the firm selected items for testing that exceeded a monetary threshold or met specific criteria. The firm did not perform any procedures to test the remaining population of receivables. (AS 1105.27; AS 2301.08) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 8 To test the related receivables the firm selected items for testing that exceeded a monetary threshold or met specific criteria. The firm did not perform any procedures to test the remaining population of receivables. (AS 1105.27; AS 2301.08) Triennially Inspected 76 Turner, Stone & Company, L.L.P. 2020 United States 2022-02-28T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Debt 1 AS 2310 29 The firm selected for confirmation certain debt and received electronic responses to its confirmation requests. The firm did not consider performing procedures to address the risk associated with electronic responses. (AS 2310.29) Triennially Inspected 232 Ferlita, Walsh, Gonzalez & Rodriguez, P.A. 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Inventory 1 AS 1105 10 The firm did not test or in the alternative test any controls over the accuracy and completeness of the system-generated report that the issuer used to classify non-current inventory which was separately presented in the financial statements. (AS 1105.10) Triennially Inspected 344 Wipfli LLP 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of certain information obtained from the issuer and used in the firm's testing of certain aspects of revenue recognition. (AS 1105.10) Triennially Inspected 344 Wipfli LLP 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 16 In determining its sample size used to test revenue the firm did not take into account tolerable misstatement for the population. As a result the sample size the firm used was too small to provide sufficient appropriate audit evidence. (AS 2315.16 .23 and .23A) Triennially Inspected 344 Wipfli LLP 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 23 In determining its sample size used to test revenue the firm did not take into account tolerable misstatement for the population. As a result the sample size the firm used was too small to provide sufficient appropriate audit evidence. (AS 2315.16 .23 and .23A) Triennially Inspected 344 Wipfli LLP 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 23A In determining its sample size used to test revenue the firm did not take into account tolerable misstatement for the population. As a result the sample size the firm used was too small to provide sufficient appropriate audit evidence. (AS 2315.16 .23 and .23A) Triennially Inspected 344 Wipfli LLP 2020 United States 2022-02-28T00:00:00 Part I.A B No ICFR audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing one review control over the qualitative component of the ALL. The firm did not perform sufficient procedures to test the operating effectiveness of this control because the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.44) Triennially Inspected 1128 PricewaterhouseCoopers, S.C. 2020 Mexico PricewaterhouseCoopers International Limited 2022-02-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 1 AS 2201 42 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing two controls that consisted of the review and approval of certain assumptions used by the issuer to determine the estimate. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assumptions. (AS 2201.42 and .44) Triennially Inspected 1128 PricewaterhouseCoopers, S.C. 2020 Mexico PricewaterhouseCoopers International Limited 2022-02-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 1 AS 2201 44 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing two controls that consisted of the review and approval of certain assumptions used by the issuer to determine the estimate. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assumptions. (AS 2201.42 and .44) Triennially Inspected 1128 PricewaterhouseCoopers, S.C. 2020 Mexico PricewaterhouseCoopers International Limited 2022-02-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 2 AS 2301 16 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the estimate was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1128 PricewaterhouseCoopers, S.C. 2020 Mexico PricewaterhouseCoopers International Limited 2022-02-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 2 AS 2301 18 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the estimate was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1128 PricewaterhouseCoopers, S.C. 2020 Mexico PricewaterhouseCoopers International Limited 2022-02-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 2 AS 2301 37 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the estimate was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1128 PricewaterhouseCoopers, S.C. 2020 Mexico PricewaterhouseCoopers International Limited 2022-02-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 2 AS 2315 19 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the estimate was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1128 PricewaterhouseCoopers, S.C. 2020 Mexico PricewaterhouseCoopers International Limited 2022-02-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 2 AS 2315 23 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the estimate was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1128 PricewaterhouseCoopers, S.C. 2020 Mexico PricewaterhouseCoopers International Limited 2022-02-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 2 AS 2315 23A The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the estimate was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1245 Salles, Sáinz - Grant Thornton, S.C. 2020 Mexico Grant Thornton International Limited 2022-02-28T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 27 To test revenue the firm selected for testing certain items that met specific criteria. The firm did not perform any substantive procedures to test the remaining portion of items that did not meet the specific criteria. (AS 1105.27; AS 2301.08) Triennially Inspected 1245 Salles, Sáinz - Grant Thornton, S.C. 2020 Mexico Grant Thornton International Limited 2022-02-28T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 To test revenue the firm selected for testing certain items that met specific criteria. The firm did not perform any substantive procedures to test the remaining portion of items that did not meet the specific criteria. (AS 1105.27; AS 2301.08) Triennially Inspected 1245 Salles, Sáinz - Grant Thornton, S.C. 2020 Mexico Grant Thornton International Limited 2022-02-28T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 To test revenue the firm selected for testing certain items that met specific criteria. The firm did not perform any substantive procedures to test certain other items affecting revenue. (AS 2301.08) Triennially Inspected 1245 Salles, Sáinz - Grant Thornton, S.C. 2020 Mexico Grant Thornton International Limited 2022-02-28T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2510 12 The firm observed physical inventory counts on various dates subsequent to year end. The firm did not perform any procedures to test certain identified differences in inventory quantities between the count dates and year end. (AS 2510.12) Triennially Inspected 1245 Salles, Sáinz - Grant Thornton, S.C. 2020 Mexico Grant Thornton International Limited 2022-02-28T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 10 The firm used the issuer's inventory aging report in its substantive testing of the inventory reserve. The firm did not test or test controls over the accuracy and completeness of the information included in the inventory aging report. (AS 1105.10; AS 2501.11) Triennially Inspected 1245 Salles, Sáinz - Grant Thornton, S.C. 2020 Mexico Grant Thornton International Limited 2022-02-28T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2501 11 The firm used the issuer's inventory aging report in its substantive testing of the inventory reserve. The firm did not test or test controls over the accuracy and completeness of the information included in the inventory aging report. (AS 1105.10; AS 2501.11) Triennially Inspected 1245 Salles, Sáinz - Grant Thornton, S.C. 2020 Mexico Grant Thornton International Limited 2022-02-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not perform sufficient procedures to evaluate whether the issuer recognized certain revenue in conformity with IFRS 15 Revenue from Contracts with Customers because it did not evaluate (1) whether a series of contracted services provided to the customer constituted separate performance obligations and (2) the effect of variable consideration on the issuer's determination of the transaction price. (AS 2810.30) Triennially Inspected 1281 Kost Forer Gabbay & Kasierer 2020 Israel Ernst & Young Global Limited 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The firm did not sufficiently test this underlying data because it did not select its sample from the entire population of data that was used in this analysis. (AS 1105.10) Triennially Inspected 2388 Wei, Wei & Co., LLP 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Receivables 1 AS 2810 30 The issuer recognized certain revenue from services. For this revenue the firm did not evaluate the probability that the issuer would collect substantially all of the consideration to which it believed it was entitled in conformity with FASB Topic ASC 606 Revenue from Contracts with Customers. (AS 2810.30) Triennially Inspected 2388 Wei, Wei & Co., LLP 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Receivables 2 AS 2501 7 The issuer recognized certain revenue from services. The firm did not evaluate the reasonableness of the allowance for doubtful accounts for the related receivables. (AS 2501.07) Triennially Inspected 2388 Wei, Wei & Co., LLP 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 3 AS 1210 12 During the year the issuer acquired certain intangible assets and used an external specialist to determine their fair value. The firm's approach for testing the fair value of these assets was to review and test management's process. The firm did not evaluate the reasonableness of the forecasts the issuer provided to the external specialist. (AS 1210.12) Triennially Inspected 2388 Wei, Wei & Co., LLP 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2502 26 During the year the issuer acquired certain intangible assets and used an external specialist to determine their fair value. The firm's approach for testing the fair value of these assets was to review and test management's process. The firm did not evaluate the reasonableness of assumptions the external specialist developed. (AS 2502.26 and .28) Triennially Inspected 2388 Wei, Wei & Co., LLP 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2502 28 During the year the issuer acquired certain intangible assets and used an external specialist to determine their fair value. The firm's approach for testing the fair value of these assets was to review and test management's process. The firm did not evaluate the reasonableness of assumptions the external specialist developed. (AS 2502.26 and .28) Triennially Inspected 2388 Wei, Wei & Co., LLP 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 5 AS 2810 30 The firm did not evaluate whether the issuer appropriately presented a significant account in conformity with GAAP. (AS 2810.30) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2501 7 The issuer performed a qualitative assessment to determine whether any of its intangible assets were impaired and concluded that no relevant events or circumstances existed based on certain assumptions. The firm did not evaluate these assumptions. (AS 2501.07) Triennially Inspected 3289 Accell Audit & Compliance, P.A. 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 14 Certain inventory was held by an outside custodian. The firm did not perform sufficient procedures to test the existence of this inventory because it limited its procedures to testing certain purchases of this inventory during the year. (AS 2510.14) Triennially Inspected 5837 Hall & Company Certified Public Accountants & Consultants, Inc. 2020 United States 2022-02-28T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm did not perform any procedures to test or in the alternative identify and test any controls over the accuracy and completeness of information produced by the issuer that the firm used in its substantive procedures to test certain revenue. (AS 1105.10) Triennially Inspected 361 Rotenberg Meril Solomon Bertiger & Guttilla, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not evaluate whether certain revenue recognition criteria had been met in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Triennially Inspected 361 Rotenberg Meril Solomon Bertiger & Guttilla, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 1105 4 The firm did not perform any procedures to evaluate the relevance and/or reliability of evidence it used to test certain assets during the year. (AS 1105.04 and .06) Triennially Inspected 361 Rotenberg Meril Solomon Bertiger & Guttilla, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 1105 6 The firm did not perform any procedures to evaluate the relevance and/or reliability of evidence it used to test certain assets during the year. (AS 1105.04 and .06) Triennially Inspected 361 Rotenberg Meril Solomon Bertiger & Guttilla, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 2301 8 The firm did not perform any procedures beyond inquiry to test the issuer's ownership rights of these assets. (AS 2301.08) Triennially Inspected 361 Rotenberg Meril Solomon Bertiger & Guttilla, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2810 30 The firm did not evaluate the nature of these assets when evaluating the appropriateness of the issuer's presentation of the assets in the issuer's financial statements. (AS 2810.30) Triennially Inspected 361 Rotenberg Meril Solomon Bertiger & Guttilla, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2315 24 To test the valuation of inventory the firm selected key items and then selected a sample of additional inventory items that exceeded a monetary threshold for testing. The firm did not perform any procedures to test the remaining population of inventory that was less than the monetary threshold. (AS 2315.24) Triennially Inspected 447 Castaing, Hussey & Lolan, LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investments 1 AS 2315 16 The sample size the firm used in its substantive procedures to test valuation of investments was too small to provide sufficient appropriate audit evidence because the firm did not take into account appropriate factors such as tolerable misstatement for the population and the characteristics of the population in determining the sample size. (AS 2315.16 .23 and 23A) Triennially Inspected 447 Castaing, Hussey & Lolan, LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investments 1 AS 2315 23 The sample size the firm used in its substantive procedures to test valuation of investments was too small to provide sufficient appropriate audit evidence because the firm did not take into account appropriate factors such as tolerable misstatement for the population and the characteristics of the population in determining the sample size. (AS 2315.16 .23 and 23A) Triennially Inspected 447 Castaing, Hussey & Lolan, LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investments 1 AS 2315 23A The sample size the firm used in its substantive procedures to test valuation of investments was too small to provide sufficient appropriate audit evidence because the firm did not take into account appropriate factors such as tolerable misstatement for the population and the characteristics of the population in determining the sample size. (AS 2315.16 .23 and 23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 30 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm did not obtain an understanding of how revenue transactions are recorded and processed by certain applications. (AS 2201.30) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm selected for testing certain ITGCs that included a review element. The firm did not evaluate whether the control owners possessed the necessary authority and competence to perform the controls effectively. Further the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm selected for testing certain ITGCs that included a review element. The firm did not evaluate whether the control owners possessed the necessary authority and competence to perform the controls effectively. Further the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The issuer used two service organizations for initiating processing and recording certain revenue. The firm did not obtain an understanding of and test any relevant controls at the service organization. (AS 2201.39 and .B19) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 B19 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The issuer used two service organizations for initiating processing and recording certain revenue. The firm did not obtain an understanding of and test any relevant controls at the service organization. (AS 2201.39 and .B19) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 46 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm did not sufficiently test certain application controls because it tested only one instance which was not appropriate due to the deficiencies discussed above. (AS 2201.46) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 The firm selected for testing certain information technology general controls (ITGCs) automated controls and information technology (IT) dependent manual controls that used data and reports generated or maintained by the issuer's IT systems. The following deficiencies were identified: · The firm did not test controls over the accuracy and completeness of data and reports used in the operation of certain controls. (AS 2201.39) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 42 The firm selected for testing a review control over the determination that performance obligations related to revenue recognition had been met. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 44 The firm selected for testing a review control over the determination that performance obligations related to revenue recognition had been met. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 42 The firm selected for testing a review control over the approval of customer change orders. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 44 The firm selected for testing a review control over the approval of customer change orders. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 1105 10 The firm used data produced by the issuer to test certain revenue. The firm did not perform any substantive procedures to test or sufficiently test controls over the accuracy and completeness of the data. (AS 1105.10) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 16 The firm relied on controls in its approach to testing revenue. The firm did not sufficiently test controls in the revenue process because it limited its procedures to a walkthrough. (AS 2301.16) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 30 The firm did not test whether the issuer appropriately identified and satisfied performance obligations prior to recognizing revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 4 AS 2301 8 The firm did not test the existence of certain assets and the completeness of certain liabilities. (AS 2301.08) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets and Liabilities 5 AS 2502 15 The firm did not test the fair value of certain accounts. (AS 2502.15) Triennially Inspected 577 Stowe & Degon LLC 2020 United States 2022-02-10T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2501 7 The firm did not perform procedures to test beyond inquiry of management the inventory reserve for excess and obsolete inventory. (AS 2501.07) Triennially Inspected 752 Somerset CPAs, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not identify and appropriately address a departure from GAAP related to the issuer recognizing certain revenue that did not reflect consideration promised in a contract in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Triennially Inspected 752 Somerset CPAs, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 For this revenue the firm did not evaluate if it was probable that the issuer would collect substantially all of the consideration to which it believes it is entitled. (AS 2810.30) Triennially Inspected 752 Somerset CPAs, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 30 For other types of revenue the firm did not sufficiently evaluate whether the revenue was appropriately recognized in conformity with ASC Topic 606 because it limited its procedures to verifying that the issuer received cash for recognized revenue. (AS 2810.30) Triennially Inspected 752 Somerset CPAs, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2301 8 The firm did not perform sufficient procedures to test the existence of and the issuer's rights and obligations regarding accounts receivable because it limited its procedures to (1) inquiring of the issuer and (2) inspecting documents prepared by the issuer regarding the amounts recorded for certain accounts receivable. (AS 2301.08) Triennially Inspected 752 Somerset CPAs, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 5 AS 1105 4 The firm's approach for substantively testing a significant estimate was to develop an independent expectation of the estimate. The firm did not evaluate the relevance and reliability of data it used to develop its independent estimate. (AS 1105.04 and .06; AS 2501.12) Triennially Inspected 752 Somerset CPAs, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 5 AS 1105 6 The firm's approach for substantively testing a significant estimate was to develop an independent expectation of the estimate. The firm did not evaluate the relevance and reliability of data it used to develop its independent estimate. (AS 1105.04 and .06; AS 2501.12) Triennially Inspected 752 Somerset CPAs, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 5 AS 2501 12 The firm's approach for substantively testing a significant estimate was to develop an independent expectation of the estimate. The firm did not evaluate the relevance and reliability of data it used to develop its independent estimate. (AS 1105.04 and .06; AS 2501.12) Triennially Inspected 837 Wolinetz, Lafazan & Company, CPA's, P.C. 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Income Statement Account 1 AS 2810 30 The firm did not evaluate whether the issuer recognized certain elements of an income statement account in conformity with GAAP. (AS 2810.30) Triennially Inspected 2538 Whittlesey PC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 7 The issuer's ALL included a general reserve and a specific reserve for loans that are individually evaluated for impairment. The firm did not sufficiently test the reasonableness of the general reserve because it limited its procedures to reading an issuer-prepared memo and testing the mathematical accuracy of the reserve calculation. (AS 2501.07) Triennially Inspected 2538 Whittlesey PC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 1105 27 The issuer's ALL included a general reserve and a specific reserve for loans that are individually evaluated for impairment. The issuer assigned risk ratings to certain of its loans. The risk ratings were an important input in determining whether a loan would be individually evaluated for impairment as part of the specific reserve or considered as part of the general reserve. To test loans rated as pass the firm selected certain loans for testing from one loan portfolio. The firm did not perform any substantive procedures to test the risk ratings for the remaining population of pass-rated loans in other portfolios. (AS 1105.27; AS 2301.08) Triennially Inspected 2538 Whittlesey PC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2301 8 The issuer's ALL included a general reserve and a specific reserve for loans that are individually evaluated for impairment. The issuer assigned risk ratings to certain of its loans. The risk ratings were an important input in determining whether a loan would be individually evaluated for impairment as part of the specific reserve or considered as part of the general reserve. To test loans rated as pass the firm selected certain loans for testing from one loan portfolio. The firm did not perform any substantive procedures to test the risk ratings for the remaining population of pass-rated loans in other portfolios. (AS 1105.27; AS 2301.08) Triennially Inspected 2538 Whittlesey PC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2301 45 The issuer's ALL included a general reserve and a specific reserve for loans that are individually evaluated for impairment. The issuer assigned risk ratings to certain of its loans. The risk ratings were an important input in determining whether a loan would be individually evaluated for impairment as part of the specific reserve or considered as part of the general reserve. To test loans not rated as pass the firm performed certain of its procedures as of an interim date. The firm did not perform procedures beyond inquiry to extend its conclusions on the risk ratings of these loans for the period between the interim testing date and year end. (AS 2301.45) Triennially Inspected 5383 Suttle & Stalnaker, PLLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 9 The issuer's ALL included a qualitative component. The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative component of the ALL because the firm's procedures to test certain assumptions the issuer used to determine the qualitative component were limited to comparing these assumptions to prior periods inquiring about changes and recalculating the allowance. (AS 2501.09 .10 and .11) Triennially Inspected 5383 Suttle & Stalnaker, PLLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 10 The issuer's ALL included a qualitative component. The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative component of the ALL because the firm's procedures to test certain assumptions the issuer used to determine the qualitative component were limited to comparing these assumptions to prior periods inquiring about changes and recalculating the allowance. (AS 2501.09 .10 and .11) Triennially Inspected 5383 Suttle & Stalnaker, PLLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 11 The issuer's ALL included a qualitative component. The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative component of the ALL because the firm's procedures to test certain assumptions the issuer used to determine the qualitative component were limited to comparing these assumptions to prior periods inquiring about changes and recalculating the allowance. (AS 2501.09 .10 and .11) Triennially Inspected 5383 Suttle & Stalnaker, PLLC 2020 United States 2022-02-10T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Loans 2 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a selection of loans. For the items for which the requested confirmations were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the loan balances were accurate and existed as of the confirmation date. (AS 2310.31) Triennially Inspected 297 ADKF, P.C. 2020 United States 2022-01-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2601 14 The issuer used various service organizations to process certain revenue transactions and recorded the related revenue based on information provided by the service organizations. The firm obtained the service auditors' reports which specified necessary user controls that addressed the accuracy and completeness of this information. The firm used this information in its substantive testing of this revenue but did not test or test the user controls over the accuracy and completeness of this information. (AS 2601.14) Triennially Inspected 805 Insero & Co. CPAs, LLP 2020 United States 2022-01-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investments 1 AS 1105 27 To test the valuation of certain investments the firm selected specific investments for testing. The firm did not perform any substantive procedures to test the remaining portion of these certain investments. (AS 1105.27; AS 2301.08) Triennially Inspected 805 Insero & Co. CPAs, LLP 2020 United States 2022-01-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investments 1 AS 2301 8 To test the valuation of certain investments the firm selected specific investments for testing. The firm did not perform any substantive procedures to test the remaining portion of these certain investments. (AS 1105.27; AS 2301.08) Triennially Inspected 1025 KPMG Inc 2020 South Africa KPMG International Cooperative 2022-01-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of depreciation expense. The firm did not evaluate the specific review procedures the control owner performed to assess the appropriateness of the methods the issuer used to calculate depreciation. (AS 2201.42 and .44) Triennially Inspected 1025 KPMG Inc 2020 South Africa KPMG International Cooperative 2022-01-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of depreciation expense. The firm did not evaluate the specific review procedures the control owner performed to assess the appropriateness of the methods the issuer used to calculate depreciation. (AS 2201.42 and .44) Triennially Inspected 1025 KPMG Inc 2020 South Africa KPMG International Cooperative 2022-01-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of depreciation expense. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1025 KPMG Inc 2020 South Africa KPMG International Cooperative 2022-01-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 39 The firm selected for testing another control that consisted of the issuer's review of fixed assets not being depreciated per the issuer's fixed asset register to identify any assets that should be depreciated. The firm did not identify and test any controls over the accuracy and completeness of the data included within the fixed asset register used in the operation of this control. (AS 2201.39) Triennially Inspected 1025 KPMG Inc 2020 South Africa KPMG International Cooperative 2022-01-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 1105 10 The firm used the issuer's fixed asset register in its substantive testing of depreciation expense and accumulated depreciation. The firm did not test or (as discussed above) test controls over the accuracy and completeness of the information included in the fixed asset register. (AS 1105.10) Triennially Inspected 1025 KPMG Inc 2020 South Africa KPMG International Cooperative 2022-01-27T00:00:00 Part I.A B Yes ICFR audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review and approval of an authorization for expenditure form for the acquisition of long-lived assets. The firm did not identify and test any controls that addressed whether long-lived assets were appropriately capitalized. (AS 2201.39) Triennially Inspected 1025 KPMG Inc 2020 South Africa KPMG International Cooperative 2022-01-27T00:00:00 Part I.A B Yes ICFR audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 39 The firm selected for testing another control that consisted of the issuer's review of manual recalculations of depreciation expense and a comparison of those amounts to the depreciation expense calculated by the issuer's fixed asset register. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1025 KPMG Inc 2020 South Africa KPMG International Cooperative 2022-01-27T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Cash and Cash Equivalents 1 AS 2810 30 The issuer closed its books and records prior to its calendar year end and did not record certain transactions that occurred between the closing date and year end. The firm did not identify and appropriately address that the issuer's accounting treatment for these transactions was not in conformity with the International Accounting Standards Board's Conceptual Framework for Financial Reporting. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for transactions recorded between its closing date and calendar year end and concluded that a misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over financial reporting and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR. Triennially Inspected 1183 Deloitte & Touche Ltda. 2020 Colombia Deloitte Touche Tohmatsu Limited 2022-01-27T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Other Receivables 1 AS 2310 31 To test other receivables the firm sent positive confirmation requests to a selection of the issuer's customers. The firm did not receive a response to any of the confirmation requests sent and did not perform alternative procedures to test whether the recorded amounts of the other receivables were accurate and existed as of the confirmation date. (AS 2310.31) Triennially Inspected 1054 De Visser Gray LLP 2019 Canada 2022-01-20T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 2501 7 In testing a long-lived asset the firm identified certain indicators of potential impairment. The firm did not perform sufficient procedures to evaluate whether the carrying value of the asset was recoverable because it limited its procedures to confirming the terms of the underlying agreement and making inquiries of the issuer. (AS 2501.07) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 62 The issuer used various information-technology (IT) systems to initiate process and record transactions related to revenue for one business unit. The firm tested IT general controls (ITGCs) for these IT systems. The following deficiencies were identified · The firm identified a deficiency in ITGCs related to an individual's inappropriate administrative rights over user access to these systems but did not evaluate the severity of this control deficiency. (AS 2201.62) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used various information-technology (IT) systems to initiate process and record transactions related to revenue for one business unit. The firm tested IT general controls (ITGCs) for these IT systems. The following deficiencies were identified · The firm selected for testing controls over user access to one of these systems. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted access continued to be appropriate. Further the firm identified users who had the ability to initiate process and record transactions but did not evaluate whether those rights represented a control deficiency. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used various information-technology (IT) systems to initiate process and record transactions related to revenue for one business unit. The firm tested IT general controls (ITGCs) for these IT systems. The following deficiencies were identified · The firm selected for testing controls over user access to one of these systems. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted access continued to be appropriate. Further the firm identified users who had the ability to initiate process and record transactions but did not evaluate whether those rights represented a control deficiency. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 68 The issuer used multiple service organizations to host and/or maintain and manage IT systems that the issuer used to initiate process and record transactions related to certain revenue for another business unit. The following deficiencies were identified: · The firm identified a control deficiency related to the issuer's evaluation of service auditor reports for certain service organizations. The firm identified and tested three compensating controls that it believed would mitigate this deficiency but did not sufficiently evaluate the effect of these controls because it (1) determined that one of these controls was ineffective and (2) did not identify that the control owner of the other two controls was an individual the firm had identified as having inappropriate access to the systems hosted by these service organizations. (AS 2201.68) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 The issuer used multiple service organizations to host and/or maintain and manage IT systems that the issuer used to initiate process and record transactions related to certain revenue for another business unit. The following deficiencies were identified: · The firm did not perform any procedures to test controls at certain other service organizations or identify and test any other controls over the revenue processed by the systems maintained and managed by these service organizations. (AS 2201.39 and .B19) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 B19 The issuer used multiple service organizations to host and/or maintain and manage IT systems that the issuer used to initiate process and record transactions related to certain revenue for another business unit. The following deficiencies were identified: · The firm did not perform any procedures to test controls at certain other service organizations or identify and test any other controls over the revenue processed by the systems maintained and managed by these service organizations. (AS 2201.39 and .B19) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 46 In its testing of controls over certain revenue for both of these business units the firm selected for testing various IT-dependent manual controls that used data and reports generated or maintained by certain of these systems. As a result of the deficiencies in the firm's control testing over these systems as discussed above the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 The firm selected for testing certain other controls over this revenue for these business units. The firm did not identify and test any controls over the accuracy and completeness of the reports or data that the control owners used in the performance of these controls. (AS 2201.39) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 The firm did not perform substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain reports or data that the firm used in its substantive testing of certain revenue for both of these business units. (AS 1105.10) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 8 AS 2201 39 The firm did not identify and test any controls over the issuer's review of its goodwill impairment analysis. (AS 2201.39) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 9 AS 2810 30 The issuer changed the number of its reporting units in the current year for purposes of its annual goodwill impairment analysis. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer's change in the number of reporting units was in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other and was preferable under FASB ASC Topic 250 Accounting Changes and Error Corrections. (AS 2810.30) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 10 AS 2301 8 The issuer changed the number of its reporting units in the current year for purposes of its annual goodwill impairment analysis. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the goodwill associated with any of the prior-year reporting units may have been impaired at the time of the issuer's change in the number of reporting units. (AS 2301.08) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 11 AS 2810 30 The issuer changed the number of its reporting units in the current year for purposes of its annual goodwill impairment analysis. The following deficiencies were identified: · The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of a required disclosure under FASB ASC Topic 250 related to its change in the number of reporting units. (AS 2810.30 and .31) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 11 AS 2810 31 The issuer changed the number of its reporting units in the current year for purposes of its annual goodwill impairment analysis. The following deficiencies were identified: · The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of a required disclosure under FASB ASC Topic 250 related to its change in the number of reporting units. (AS 2810.30 and .31) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 12 AS 2310 28 To test cash at one of the issuer's business units the firm performed confirmation procedures for a sample of cash accounts. The firm did not maintain control over the confirmation requests because the issuer sent the requests. (AS 2310.28) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 13 AS 2301 8 To test cash at one of the issuer's business units the firm performed confirmation procedures for a sample of cash accounts. For the majority of the items in its sample the responses were returned by email. The firm did not perform substantive procedures that provided sufficient appropriate audit evidence to verify the source of these responses. (AS 2301.08) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized certain revenue from contracts based on labor hours recorded in the issuer's time system. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of these labor hours. (AS 2201.39) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer recognized certain revenue from contracts based on labor hours recorded in the issuer's time system. The following deficiencies were identified: · Certain of this revenue was generated from contracts that specified the maximum amount of revenue that could be earned under each contract. The firm did not identify and test any controls that addressed the risk that revenue may have been recognized in excess of these contractual maximums. (AS 2201.39) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer recognized certain revenue from contracts based on labor hours recorded in the issuer's time system. The following deficiencies were identified: · The firm used labor hours in its substantive testing of this revenue but did not perform any substantive procedures to test or in the alternative test any controls over the accuracy of these labor hours. (AS 1105.10) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The issuer recognized certain revenue from contracts based on labor hours recorded in the issuer's time system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The issuer recognized certain revenue from contracts based on labor hours recorded in the issuer's time system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The issuer recognized certain revenue from contracts based on labor hours recorded in the issuer's time system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The issuer recognized certain revenue from contracts based on labor hours recorded in the issuer's time system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The issuer recognized certain revenue from contracts based on labor hours recorded in the issuer's time system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The issuer recognized certain revenue from contracts based on labor hours recorded in the issuer's time system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the ALL including an assessment of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the qualitative factors. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the ALL including an assessment of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the qualitative factors. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 9 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and (2) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 10 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and (2) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 11 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and (2) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain qualitative factors. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain qualitative factors. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 9 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test certain qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and its analysis of the factors and (2) comparing the qualitative factors the issuer used at year end to those used in the prior year. (AS 2501.09 .10 and .11) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 10 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test certain qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and its analysis of the factors and (2) comparing the qualitative factors the issuer used at year end to those used in the prior year. (AS 2501.09 .10 and .11) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 11 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test certain qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and its analysis of the factors and (2) comparing the qualitative factors the issuer used at year end to those used in the prior year. (AS 2501.09 .10 and .11) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Leases 1 AS 2810 30 During the year the issuer entered into a lease amendment. The firm did not evaluate whether the issuer's accounting for certain terms of this amendment as a new lease commencing in the subsequent year was in conformity with FASB ASC Topic 842 Leases. (AS 2810.30) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 16 The firm's substantive procedures to test certain revenue consisted of analytical procedures. To develop its expectation the firm used the quantities of units sold that had been recorded in the issuer's revenue system. The firm's testing of these quantities was not sufficient because its sample size was too small to assess whether the quantities recorded in this system were reliable. (AS 2305.16) Annually Inspected 49 RSM US LLP 2020 United States 2021-12-16T00:00:00 Part I.A G No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 The issuer used a service organization to accumulate customer activity data initiated in and processed by the issuer's mobile or web-based applications and recorded certain revenue based on these data. The firm did not identify and test any controls over the accuracy and completeness of the customer activity data within the applications. (AS 2201.39) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm selected for testing a control that consisted of the issuer's review of the qualitative reserve component of the ALL including an assessment of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the qualitative factors. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm selected for testing a control that consisted of the issuer's review of the qualitative reserve component of the ALL including an assessment of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the qualitative factors. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 9 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and (2) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 10 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and (2) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 11 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and (2) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 For loans that were collectively evaluated for impairment the issuer determined one of the qualitative reserve components of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm selected for testing a control that included the issuer's review of this qualitative reserve component of the ALL including an assessment of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these qualitative factors. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 For loans that were collectively evaluated for impairment the issuer determined one of the qualitative reserve components of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm selected for testing a control that included the issuer's review of this qualitative reserve component of the ALL including an assessment of the qualitative factors for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these qualitative factors. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 9 For loans that were collectively evaluated for impairment the issuer determined one of the qualitative reserve components of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and related analysis of the factors and (2) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 10 For loans that were collectively evaluated for impairment the issuer determined one of the qualitative reserve components of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and related analysis of the factors and (2) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 11 For loans that were collectively evaluated for impairment the issuer determined one of the qualitative reserve components of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm's procedures to test the qualitative factors the issuer used to determine the reserve were limited to (1) reading the issuer's ALL memorandum and related analysis of the factors and (2) comparing the qualitative factors the issuer used at year end to those used in prior periods. (AS 2501.09 .10 and .11) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm selected for testing a control that consisted of the issuer's reviews of the qualitative factors. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain adjustments that the issuer made to the calculation of these qualitative factors. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm selected for testing a control that consisted of the issuer's reviews of the qualitative factors. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain adjustments that the issuer made to the calculation of these qualitative factors. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 9 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm did not perform procedures to evaluate certain adjustments that the issuer made to the calculation of these qualitative factors the issuer used to determine the reserve. (AS 2501.09 .10 and .11) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 10 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm did not perform procedures to evaluate certain adjustments that the issuer made to the calculation of these qualitative factors the issuer used to determine the reserve. (AS 2501.09 .10 and .11) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 11 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using certain qualitative factors. The following deficiencies were identified: • The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the qualitative reserve component of the ALL because the firm did not perform procedures to evaluate certain adjustments that the issuer made to the calculation of these qualitative factors the issuer used to determine the reserve. (AS 2501.09 .10 and .11) Annually Inspected 173 Crowe LLP 2020 United States 2021-12-16T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2501 7 The issuer recognized revenue from customer contracts over time based on costs incurred to date relative to total estimated costs to complete the contracts. For certain of these contracts that were selected for testing the firm did not evaluate the reasonableness of the estimated costs to complete beyond (1) comparing for each contract the estimated costs to complete at year end to the estimated costs to complete at the subsequent month end and (2) inquiring of management. (AS 2501.07) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer used two information-technology (IT) systems to process and record transactions related to revenue accounts receivable and inventory for this business unit. The following deficiencies were identified: • With respect to the first system the issuer maintained separate instances of this system at each of its locations; each instance represented a separate occurrence of the system that could be configured differently. The firm selected for testing certain automated controls over this system. The firm's approach to testing only one instance of the operation of these automated controls was inappropriate because it was based on an unsupported assumption that all instances of this system were configured the same way and that the automated controls for each instance were designed and operated the same way. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used two information-technology (IT) systems to process and record transactions related to revenue accounts receivable and inventory for this business unit. The following deficiencies were identified: • With respect to the first system the issuer maintained separate instances of this system at each of its locations; each instance represented a separate occurrence of the system that could be configured differently. The firm selected for testing certain automated controls over this system. The firm's approach to testing only one instance of the operation of these automated controls was inappropriate because it was based on an unsupported assumption that all instances of this system were configured the same way and that the automated controls for each instance were designed and operated the same way. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used two information-technology (IT) systems to process and record transactions related to revenue accounts receivable and inventory for this business unit. The following deficiencies were identified: • With respect to the first system the issuer maintained separate instances of this system at each of its locations; each instance represented a separate occurrence of the system that could be configured differently. The firm selected for testing certain automated controls over this system. The firm's approach to testing only one instance of the operation of these automated controls was inappropriate because it was based on an unsupported assumption that all instances of this system were configured the same way and that the automated controls for each instance were designed and operated the same way. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 62 The issuer used two information-technology (IT) systems to process and record transactions related to revenue accounts receivable and inventory for this business unit. The following deficiencies were identified: • The firm identified control deficiencies related to certain controls over access to the second system. The firm did not sufficiently evaluate the severity of these control deficiencies because its procedures were limited to evaluating whether the changes made to the system in the current year were appropriate without evaluating the magnitude of the potential misstatement that could have resulted from inappropriate access to this system. (AS 2201.62) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 62 The issuer used two information-technology (IT) systems to process and record transactions related to revenue accounts receivable and inventory for this business unit. The following deficiencies were identified: • The firm identified control deficiencies related to certain controls over access to the second system. The firm did not sufficiently evaluate the severity of these control deficiencies because its procedures were limited to evaluating whether the changes made to the system in the current year were appropriate without evaluating the magnitude of the potential misstatement that could have resulted from inappropriate access to this system. (AS 2201.62) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 62 The issuer used two information-technology (IT) systems to process and record transactions related to revenue accounts receivable and inventory for this business unit. The following deficiencies were identified: • The firm identified control deficiencies related to certain controls over access to the second system. The firm did not sufficiently evaluate the severity of these control deficiencies because its procedures were limited to evaluating whether the changes made to the system in the current year were appropriate without evaluating the magnitude of the potential misstatement that could have resulted from inappropriate access to this system. (AS 2201.62) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 46 The issuer used two information-technology (IT) systems to process and record transactions related to revenue accounts receivable and inventory for this business unit. The following deficiencies were identified: • The firm selected for testing certain automated and IT-dependent manual controls that used information generated or maintained by the second system. The accuracy and completeness of this information depended on effective IT general controls (ITGCs). Due to the deficiency in the firm's evaluation of the ITGC control deficiencies discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 46 The issuer used two information-technology (IT) systems to process and record transactions related to revenue accounts receivable and inventory for this business unit. The following deficiencies were identified: • The firm selected for testing certain automated and IT-dependent manual controls that used information generated or maintained by the second system. The accuracy and completeness of this information depended on effective IT general controls (ITGCs). Due to the deficiency in the firm's evaluation of the ITGC control deficiencies discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 46 The issuer used two information-technology (IT) systems to process and record transactions related to revenue accounts receivable and inventory for this business unit. The following deficiencies were identified: • The firm selected for testing certain automated and IT-dependent manual controls that used information generated or maintained by the second system. The accuracy and completeness of this information depended on effective IT general controls (ITGCs). Due to the deficiency in the firm's evaluation of the ITGC control deficiencies discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of invoices to determine whether revenue was appropriately recorded. The firm did not identify and test any controls that addressed the accuracy and completeness of the price and quantity data that the issuer used in the operation of this control. (AS 2201.39) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 23 and .23A) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 23 and .23A) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 23 and .23A) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 23 and .23A) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 23 and .23A) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 23 and .23A) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The issuer performed cycle counts of inventory held at certain locations. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's monitoring of its cycle-count program. (AS 2201.39) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 46 The issuer performed cycle counts of inventory held at certain locations. The following deficiencies were identified: · The firm selected for testing certain cycle-count controls that it assessed as having a higher risk of failure. To test the design and operating effectiveness of these controls the firm selected a sample of cycle counts. The firm observed a small number of these counts and for certain of the remaining counts inquired of the issuer's personnel and inspected cycle-count documentation. The firm's procedures for the unobserved counts did not provide sufficient appropriate audit evidence given the assessed higher risk associated with these controls. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 8 The issuer performed cycle counts of inventory held at certain locations. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the existence of inventory held at certain of these locations. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review and approval of the reserve for excess and obsolete inventory. The firm did not identify and test any controls over the accuracy and completeness of the reports that the issuer used in the operation of this control. (AS 2201.39) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Business Combination 1 AS 2502 26 During the year the issuer acquired a business. The firm did not sufficiently test the fair value of certain consideration transferred by the issuer because its procedures were limited to recalculating this consideration based on the terms of the purchase agreement without evaluating certain relevant available market information. (AS 2502.26 .28 .31 and .36) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Business Combination 1 AS 2502 28 During the year the issuer acquired a business. The firm did not sufficiently test the fair value of certain consideration transferred by the issuer because its procedures were limited to recalculating this consideration based on the terms of the purchase agreement without evaluating certain relevant available market information. (AS 2502.26 .28 .31 and .36) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Business Combination 1 AS 2502 31 During the year the issuer acquired a business. The firm did not sufficiently test the fair value of certain consideration transferred by the issuer because its procedures were limited to recalculating this consideration based on the terms of the purchase agreement without evaluating certain relevant available market information. (AS 2502.26 .28 .31 and .36) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Business Combination 1 AS 2502 36 During the year the issuer acquired a business. The firm did not sufficiently test the fair value of certain consideration transferred by the issuer because its procedures were limited to recalculating this consideration based on the terms of the purchase agreement without evaluating certain relevant available market information. (AS 2502.26 .28 .31 and .36) Annually Inspected 659 Moss Adams LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 During the year the issuer recorded revenue from a bill-and-hold arrangement with one of its customers. The firm did not perform any procedures to evaluate whether the issuer met certain revenue recognition criteria for bill-and-hold arrangements beyond reading a memorandum prepared by the issuer and inquiring of management. (AS 2301.08) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of the shipment information from the system that the issuer used to record revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing controls that consisted of the issuer's review of sales orders. The firm used the results of its substantive testing of this revenue as evidence that these controls were operating effectively. The firm's procedures did not provide sufficient appropriate audit evidence because the firm did not directly test the review procedures that the control owners performed. (AS 2201.42 .44 and .B9) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing controls that consisted of the issuer's review of sales orders. The firm used the results of its substantive testing of this revenue as evidence that these controls were operating effectively. The firm's procedures did not provide sufficient appropriate audit evidence because the firm did not directly test the review procedures that the control owners performed. (AS 2201.42 .44 and .B9) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 B9 The firm selected for testing controls that consisted of the issuer's review of sales orders. The firm used the results of its substantive testing of this revenue as evidence that these controls were operating effectively. The firm's procedures did not provide sufficient appropriate audit evidence because the firm did not directly test the review procedures that the control owners performed. (AS 2201.42 .44 and .B9) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of the calculation of the rebate accrual. The firm did not identify and test any controls over the accuracy and completeness of the system-generated reports used in the operation of this control. (AS 2201.39) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The firm did not identify and test any controls that addressed the issuer's determination of the cost of its inventory and whether the amounts relieved from inventory and recorded to cost of goods sold were accurate. (AS 2201.39) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 46 The firm selected for testing the issuer's daily cycle-count control over the existence of this inventory. The small number of cycle-counts that the firm selected for testing did not provide sufficient appropriate audit evidence in light of the frequency of the operation of the control. (AS 2201.46) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of the reserve for excess and obsolete inventory. The firm did not identify and test any controls over the accuracy and completeness of the system-generated report used in the operation of this control. (AS 2201.39) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2510 11 Due to the deficiency related to the cycle-count control discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2501 7 The issuer recognized certain revenue from contracts over time using an input method based on costs incurred. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the estimated costs to complete open contracts at year end beyond (1) comparing in the aggregate estimated total costs for open contracts as of the prior year end to the revised estimated total costs for those contracts as of the current year end and (2) obtaining for two open contracts a summary of actual costs incurred during a period of time subsequent to year end and inquiring of management. (AS 2501.07) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer recognized certain revenue from contracts over time using an input method based on costs incurred. The following deficiencies were identified: · The firm used certain labor information in its substantive testing of the costs incurred to date that the issuer used to recognize this revenue but did not test or in the alternative test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 17 The firm identified the issuer's omission of a required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers related to the disaggregation of revenue recognized over time and at a point in time. The firm concluded that the omission did not represent a material misstatement but did not evaluate the significance of a misstatement in the total amount of point-in-time revenue disclosed. (AS 2810.17) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 4 The issuer recognized certain revenue based on electronic activity that was tracked using an internally developed information-technology (IT) system. In its substantive testing of this revenue the firm used activity information obtained from external parties to test the electronic activity in this system but did not perform any procedures to evaluate the reliability of this activity information. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 6 The issuer recognized certain revenue based on electronic activity that was tracked using an internally developed information-technology (IT) system. In its substantive testing of this revenue the firm used activity information obtained from external parties to test the electronic activity in this system but did not perform any procedures to evaluate the reliability of this activity information. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer recognized certain other revenue based on user activity in an electronic environment that was tracked and provided by two external parties. The firm obtained this information from the issuer and used it in its substantive testing of this revenue. The following deficiencies were identified: · With respect to the user activity information provided by one external party the firm did not sufficiently test the accuracy and completeness of the information because it did not test the parameters that the issuer input into the IT system that the external party used to track the activity. (AS 1105.10) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer recognized certain other revenue based on user activity in an electronic environment that was tracked and provided by two external parties. The firm obtained this information from the issuer and used it in its substantive testing of this revenue. The following deficiencies were identified: · With respect to the user activity information provided by the other external party the firm did not sufficiently test the accuracy and completeness of the information because its procedures were limited to obtaining an understanding of and testing certain IT general controls over the IT system that the external party used to track the activity. (AS 1105.10) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The issuer entered into revenue arrangements with multiple performance obligations. The firm did not perform any substantive procedures to evaluate whether the issuer's identification of the performance obligations was in conformity with FASB ASC Topic 606 and whether such obligations had been satisfied before revenue was recognized. (AS 2810.30) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer recognized revenue from certain other arrangements based on information provided by external parties. The firm obtained this information from the issuer and used it in its substantive testing of this revenue. The following deficiencies were identified: · The firm did not perform any procedures to test or in the alternative test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 1105 27 The issuer recognized revenue from certain other arrangements based on information provided by external parties. The firm obtained this information from the issuer and used it in its substantive testing of this revenue. The following deficiencies were identified: · The firm selected the issuer's largest revenue transactions for testing but did not perform any substantive procedures to test the remaining portion of this revenue. (AS 1105.27) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Investments 1 AS 2502 26 The issuer held certain investments in privately held companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The following deficiencies were identified: · The firm's approach for substantively testing the valuation of certain of these investments was to review and test management's process. The firm did not perform any procedures to test the share price the issuer used to record the fair value of each investment beyond (1) obtaining for one investment an unexecuted consent of the investee company's board of directors regarding a possible equity transaction and (2) obtaining for the other investments an email that the issuer had received from a broker indicating the weighted-average share price for trades that the broker executed in the last quarter of the year under audit. (AS 2502.26 and .28) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Investments 1 AS 2502 28 The issuer held certain investments in privately held companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The following deficiencies were identified: · The firm's approach for substantively testing the valuation of certain of these investments was to review and test management's process. The firm did not perform any procedures to test the share price the issuer used to record the fair value of each investment beyond (1) obtaining for one investment an unexecuted consent of the investee company's board of directors regarding a possible equity transaction and (2) obtaining for the other investments an email that the issuer had received from a broker indicating the weighted-average share price for trades that the broker executed in the last quarter of the year under audit. (AS 2502.26 and .28) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Investments 2 AS 2502 40 The issuer held certain investments in privately held companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The following deficiencies were identified: · The firm's approach for substantively testing the valuation of another investment was to develop an independent estimate. The firm did not evaluate the appropriateness of the peer companies determined by the issuer that the firm used in developing its fair value estimate of this investment. (AS 2502.40) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The issuer recorded two types of revenue for one of its subsidiaries net of customer discounts rebates and other deductions. The firm did not perform any substantive procedures to test these sales deductions beyond comparing the total amount recorded by the issuer to an amount the firm calculated by applying the issuer's historical sales deduction rates to the gross sales for each revenue type. (AS 2301.08) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Inventory 1 AS 1105 10 Certain of the issuer's inventory was subject to weekly cycle counts and the issuer used system-generated reports to determine the frequency with which each item should be counted and to select the items that should be counted each week. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of these reports. As a result the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 1105.10; AS 2510.11) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2510 11 Certain of the issuer's inventory was subject to weekly cycle counts and the issuer used system-generated reports to determine the frequency with which each item should be counted and to select the items that should be counted each week. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of these reports. As a result the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 1105.10; AS 2510.11) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Investments 1 AS 2503 21 For certain investments the issuer held the firm performed confirmation procedures for a small number of these investments but did not perform any procedures to obtain evidence that the remaining population of these investments existed at year end. (AS 2503.21) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A I No ICFR audit only Audits with a single deficiency Leases 1 AS 2201 42 The firm selected for testing a control that included the review of the issuer's accounting for leases for conformity with FASB ASC Topic 842 Leases. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2020 United States 2021-12-16T00:00:00 Part I.A I No ICFR audit only Audits with a single deficiency Leases 1 AS 2201 44 The firm selected for testing a control that included the review of the issuer's accounting for leases for conformity with FASB ASC Topic 842 Leases. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 With respect to four types of revenue the following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the customer order information from various source systems that the issuer used to record revenue. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2305 16 With respect to four types of revenue the following deficiencies were identified: · The firm's substantive procedures to test three of these types of revenue consisted of substantive analytical procedures. The firm used revenue data that were based on information from the various source systems to develop its expectations but did not test or identify and test controls over the accuracy and completeness of these revenue data. (AS 2305.16) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 With respect to four types of revenue the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of financial results including comparisons of each type of revenue to prior-period revenue and for three of these types of revenue to forecasted revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 With respect to four types of revenue the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of financial results including comparisons of each type of revenue to prior-period revenue and for three of these types of revenue to forecasted revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 With respect to four types of revenue the following deficiencies were identified: · The firm selected for testing controls over the forecasted revenue used in the operation of the controls discussed above. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the forecasted revenue. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 With respect to four types of revenue the following deficiencies were identified: · The firm selected for testing controls over the forecasted revenue used in the operation of the controls discussed above. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the forecasted revenue. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 With respect to four types of revenue the following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the forecast reports used in the operation of these controls. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2101 11 With respect to other types of revenue that were recorded at certain of the issuer's business units ('other revenue types') the following deficiencies were identified: · The firm did not evaluate whether specific risks of material misstatement existed for these other revenue types including whether the risks of material misstatement that the firm associated with revenue types at other business units subject to more extensive audit procedures also applied to these other revenue types. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2101 12 With respect to other types of revenue that were recorded at certain of the issuer's business units ('other revenue types') the following deficiencies were identified: · The firm did not evaluate whether specific risks of material misstatement existed for these other revenue types including whether the risks of material misstatement that the firm associated with revenue types at other business units subject to more extensive audit procedures also applied to these other revenue types. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 B10 With respect to other types of revenue that were recorded at certain of the issuer's business units ('other revenue types') the following deficiencies were identified: · The firm did not evaluate whether specific risks of material misstatement existed for these other revenue types including whether the risks of material misstatement that the firm associated with revenue types at other business units subject to more extensive audit procedures also applied to these other revenue types. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 42 With respect to other types of revenue that were recorded at certain of the issuer's business units ('other revenue types') the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reviews of financial results including these other revenue types. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 44 With respect to other types of revenue that were recorded at certain of the issuer's business units ('other revenue types') the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reviews of financial results including these other revenue types. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 8 With respect to other types of revenue that were recorded at certain of the issuer's business units ('other revenue types') the following deficiencies were identified: · The firm did not perform any substantive procedures to test these other revenue types. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2020 United States Deloitte Touche Tohmatsu Limited 2021-09-30T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Accounts Receivable 1 AS 2301 45 The firm's substantive procedures to test accounts receivable as of an interim date consisted of performing confirmation procedures for a sample of invoices. The firm did not perform sufficient procedures to extend its conclusions from the interim date to year end because its procedures were limited to performing confirmation procedures for a small sample of invoices recorded as accounts receivable at year end. (AS 2301.45) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 1 AS 2201 42 In the current year the issuer identified events indicating that its operating lease right-of-use assets may not be recoverable and performed an impairment analysis. The issuer determined that for certain of these assets (the 'valued assets') the fair value of the individual assets would not be impaired by more than a pre-determined percentage of the asset's recorded value (a 'maximum impairment percentage'). The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of its assessment of these assets for possible impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the maximum impairment percentage. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 1 AS 2201 44 In the current year the issuer identified events indicating that its operating lease right-of-use assets may not be recoverable and performed an impairment analysis. The issuer determined that for certain of these assets (the 'valued assets') the fair value of the individual assets would not be impaired by more than a pre-determined percentage of the asset's recorded value (a 'maximum impairment percentage'). The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of its assessment of these assets for possible impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the maximum impairment percentage. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2502 26 In the current year the issuer identified events indicating that its operating lease right-of-use assets may not be recoverable and performed an impairment analysis. The issuer determined that for certain of these assets (the 'valued assets') the fair value of the individual assets would not be impaired by more than a pre-determined percentage of the asset's recorded value (a 'maximum impairment percentage'). The following deficiencies were identified: · The firm's substantive procedures to evaluate the reasonableness of the maximum impairment percentage consisted of reading the issuer's external valuation report for certain other operating lease right-of-use assets and an external industry report. The firm did not perform procedures to evaluate whether the information in these reports was (1) relevant to the valued assets and (2) precise enough to enable the firm to identify potential material misstatements. Further the firm did not perform any procedures to evaluate whether the issuer's use of the same maximum impairment percentage for all of the valued assets was appropriate. (AS 2502.26 .28 and .31) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2502 28 In the current year the issuer identified events indicating that its operating lease right-of-use assets may not be recoverable and performed an impairment analysis. The issuer determined that for certain of these assets (the 'valued assets') the fair value of the individual assets would not be impaired by more than a pre-determined percentage of the asset's recorded value (a 'maximum impairment percentage'). The following deficiencies were identified: · The firm's substantive procedures to evaluate the reasonableness of the maximum impairment percentage consisted of reading the issuer's external valuation report for certain other operating lease right-of-use assets and an external industry report. The firm did not perform procedures to evaluate whether the information in these reports was (1) relevant to the valued assets and (2) precise enough to enable the firm to identify potential material misstatements. Further the firm did not perform any procedures to evaluate whether the issuer's use of the same maximum impairment percentage for all of the valued assets was appropriate. (AS 2502.26 .28 and .31) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2502 31 In the current year the issuer identified events indicating that its operating lease right-of-use assets may not be recoverable and performed an impairment analysis. The issuer determined that for certain of these assets (the 'valued assets') the fair value of the individual assets would not be impaired by more than a pre-determined percentage of the asset's recorded value (a 'maximum impairment percentage'). The following deficiencies were identified: · The firm's substantive procedures to evaluate the reasonableness of the maximum impairment percentage consisted of reading the issuer's external valuation report for certain other operating lease right-of-use assets and an external industry report. The firm did not perform procedures to evaluate whether the information in these reports was (1) relevant to the valued assets and (2) precise enough to enable the firm to identify potential material misstatements. Further the firm did not perform any procedures to evaluate whether the issuer's use of the same maximum impairment percentage for all of the valued assets was appropriate. (AS 2502.26 .28 and .31) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The issuer used information-technology (IT) systems to initiate process and record transactions related to certain inventory. The firm selected for testing certain automated controls but did not test the configuration or programming of these automated controls or perform other procedures that would have provided sufficient appropriate audit evidence that these automated controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The issuer used information-technology (IT) systems to initiate process and record transactions related to certain inventory. The firm selected for testing certain automated controls but did not test the configuration or programming of these automated controls or perform other procedures that would have provided sufficient appropriate audit evidence that these automated controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 8 In addition in the substantive testing discussed above the firm identified differences in the unit costs of inventory between the issuer's inventory systems but did not perform procedures to evaluate the differences. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The firm's testing of certain automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The firm's testing of certain automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The firm's testing of certain automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The firm's testing of certain automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The firm's testing of certain automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The firm's testing of certain automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The firm's testing of certain other automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test whether changes to configurations within these controls were subject to the issuer's change management controls. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The firm's testing of certain other automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test whether changes to configurations within these controls were subject to the issuer's change management controls. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The firm's testing of certain other automated controls using a sample of only one instance of the control's operation was not sufficient because the firm did not test whether changes to configurations within these controls were subject to the issuer's change management controls. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 16 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 16 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 18 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 18 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 37 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 37 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 19 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 19 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23A The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23A The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer used an IT system to initiate process and record transactions related to certain revenue accounts receivable and inventory. The firm selected for testing various automated controls related to this revenue accounts receivable and inventory. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue accounts receivable and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The firm did not sufficiently test this underlying data because for certain cash selections the firm did not inspect external evidence or perform other procedures to evaluate whether the cash receipts related to this revenue. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 42 The firm selected for testing a control that consisted of the review of forecasts used in the issuer's analyses of goodwill for possible impairment. For one of the issuer's reporting units the firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the forecasted revenue growth rates and gross margin percentages the issuer used in these forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 44 The firm selected for testing a control that consisted of the review of forecasts used in the issuer's analyses of goodwill for possible impairment. For one of the issuer's reporting units the firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the forecasted revenue growth rates and gross margin percentages the issuer used in these forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2502 26 The forecasts the issuer used in its analyses to assess goodwill for possible impairment for this one reporting unit assumed significant revenue growth for certain years and improved gross margin percentages. The firm concluded that the forecasted revenue growth rates were reasonable without performing any substantive procedures to evaluate the issuer's ability to carry out certain of its planned strategies to achieve the forecasts beyond inquiring of management. The firm's procedures to test the forecasted gross margin percentages were not sufficient because they were limited to inquiring of management about the issuer's planned strategies and comparing the forecasted gross margin percentages to the actual gross margin percentages of another reporting unit. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2502 28 The forecasts the issuer used in its analyses to assess goodwill for possible impairment for this one reporting unit assumed significant revenue growth for certain years and improved gross margin percentages. The firm concluded that the forecasted revenue growth rates were reasonable without performing any substantive procedures to evaluate the issuer's ability to carry out certain of its planned strategies to achieve the forecasts beyond inquiring of management. The firm's procedures to test the forecasted gross margin percentages were not sufficient because they were limited to inquiring of management about the issuer's planned strategies and comparing the forecasted gross margin percentages to the actual gross margin percentages of another reporting unit. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2502 31 The forecasts the issuer used in its analyses to assess goodwill for possible impairment for this one reporting unit assumed significant revenue growth for certain years and improved gross margin percentages. The firm concluded that the forecasted revenue growth rates were reasonable without performing any substantive procedures to evaluate the issuer's ability to carry out certain of its planned strategies to achieve the forecasts beyond inquiring of management. The firm's procedures to test the forecasted gross margin percentages were not sufficient because they were limited to inquiring of management about the issuer's planned strategies and comparing the forecasted gross margin percentages to the actual gross margin percentages of another reporting unit. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2502 36 The forecasts the issuer used in its analyses to assess goodwill for possible impairment for this one reporting unit assumed significant revenue growth for certain years and improved gross margin percentages. The firm concluded that the forecasted revenue growth rates were reasonable without performing any substantive procedures to evaluate the issuer's ability to carry out certain of its planned strategies to achieve the forecasts beyond inquiring of management. The firm's procedures to test the forecasted gross margin percentages were not sufficient because they were limited to inquiring of management about the issuer's planned strategies and comparing the forecasted gross margin percentages to the actual gross margin percentages of another reporting unit. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 1105 10 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The firm selected for testing a control over change management for these IT systems but did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections for testing because it limited its procedures to testing the completeness of only one type of change. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The firm selected for testing a control over change management for these IT systems but did not perform sufficient procedures to test the completeness of the population of changes from which it made its selections for testing because it limited its procedures to testing the completeness of only one type of change. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 46 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The firm tested certain automated and IT-dependent manual controls that used data from these IT systems. As a result of the deficiency in the firm's testing of IT general controls discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The firm tested certain automated and IT-dependent manual controls that used data from these IT systems. As a result of the deficiency in the firm's testing of IT general controls discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 16 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 18 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 37 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 19 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23A The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer used various IT systems to initiate process and record transactions related to certain revenue and accounts receivable. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain controls over the data underlying the analysis and the firm's tests of details of the underlying data. The firm did not perform sufficient procedures to test and test controls over this underlying data. Specifically for one control the firm did not test (1) an aspect of the control that addressed whether the cash receipts were related to this revenue and (2) whether the control addressed all cash receipts used in this analysis. Further when performing its tests of details the firm did not select its sample from the data that was used in this analysis. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The firm did not sufficiently test this underlying data because it did not select its sample from the data that was used in this analysis. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The firm did not sufficiently test this underlying data because it tested a sample that was smaller than the one the firm determined necessary for these procedures. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Research and Development Expenses 1 AS 2310 28 In performing its substantive testing of research and development expenses the firm planned to send positive confirmation requests to an external party that performed certain services for the issuer. The firm did not maintain control over the confirmation requests because the issuer sent the requests. Further the responses were returned by email but the firm did not consider performing procedures to verify the source of these responses. (AS 2310.28 and .29) Annually Inspected 42 Ernst & Young LLP 2020 United States Ernst & Young Global Limited 2021-09-30T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Research and Development Expenses 1 AS 2310 29 In performing its substantive testing of research and development expenses the firm planned to send positive confirmation requests to an external party that performed certain services for the issuer. The firm did not maintain control over the confirmation requests because the issuer sent the requests. Further the responses were returned by email but the firm did not consider performing procedures to verify the source of these responses. (AS 2310.28 and .29) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 48 The issuer used two information-technology (IT) systems to process and record certain revenue transactions related to services provided to its customers; one of these systems was maintained by an external service organization. The following deficiencies were identified: · With respect to the IT system that was maintained by an external service organization the firm selected for testing a control over access by employees of the service organization to this system and identified control exceptions related to inappropriate access for numerous employees. The firm did not sufficiently evaluate the effect of these exceptions on the effectiveness of this control because its evaluation was limited to inquiring of management of the service organization regarding access privileges. (AS 2201.48) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 48 The issuer used two information-technology (IT) systems to process and record certain revenue transactions related to services provided to its customers; one of these systems was maintained by an external service organization. The following deficiencies were identified: · With respect to the other IT system the firm selected for testing a control over access by employees of the issuer to this system and identified control exceptions related to inappropriate access for numerous employees. The firm concluded that this control was operating effectively based on its evaluation of these exceptions and the effectiveness of a complementary control and that the combination of these two controls addressed the risks of inappropriate access. The firm's conclusion was inappropriate because the complementary control was not designed to operate during the fourth quarter of the issuer's fiscal year and therefore the two controls discussed above did not address the risks related to inappropriate access to this system as of the date of management's assessment. (AS 2201.48) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 46 The issuer used two information-technology (IT) systems to process and record certain revenue transactions related to services provided to its customers; one of these systems was maintained by an external service organization. The following deficiencies were identified: · The firm selected for testing certain automated and IT-dependent manual controls over this revenue. The firm's approach to testing these controls depended on effective IT general controls (ITGCs) including controls over access to the systems. Due to the deficiencies in the firm's testing of these controls discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The firm used information that was produced by these IT systems in performing certain of its substantive procedures to test this revenue but did not have a basis to rely on this information due to the deficiencies in the firm's testing of access controls discussed above. The firm did not perform any substantive procedures to test or (as discussed above) sufficiently test controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 6 AS 2201 42 The firm selected for testing two controls that consisted of the issuer's (1) evaluation of its leases for potential implications with respect to the accounting for its leases upon adoption of FASB ASC Topic 842 Leases and (2) review of the disclosures related to that adoption. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the completeness of the population of leases that should have been subject to these controls. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 6 AS 2201 44 The firm selected for testing two controls that consisted of the issuer's (1) evaluation of its leases for potential implications with respect to the accounting for its leases upon adoption of FASB ASC Topic 842 Leases and (2) review of the disclosures related to that adoption. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the completeness of the population of leases that should have been subject to these controls. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 7 AS 2201 42 The firm selected for testing a control that consisted of the issuer's quarterly review of its lease contracts for appropriate accounting treatment subsequent to the issuer's adoption of FASB ASC Topic 842 Leases. The firm did not test the aspect of this control that addressed the completeness of the population of leases used in the operation of the control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 7 AS 2201 44 The firm selected for testing a control that consisted of the issuer's quarterly review of its lease contracts for appropriate accounting treatment subsequent to the issuer's adoption of FASB ASC Topic 842 Leases. The firm did not test the aspect of this control that addressed the completeness of the population of leases used in the operation of the control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 8 AS 2201 39 The firm selected for testing a control that consisted of a reconciliation of the lease asset and liability balances from the lease sub-ledger to the general ledger. The firm did not identify and test any controls over the accuracy of the lease information included in manually-prepared spreadsheets that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recorded certain revenue based on information about the quantities sold and delivery dates that was provided by a third-party administrator. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the information provided by the third-party administrator. (AS 2201.39) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer recorded certain revenue based on information about the quantities sold and delivery dates that was provided by a third-party administrator. The following deficiencies were identified: · The firm used the quantities sold and delivery date information in its substantive testing of this revenue but did not perform any substantive procedures to test or in the alternative identify and test any controls over (as discussed above) the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The issuer recorded certain revenue based on information about the quantities sold and delivery dates that was provided by a third-party administrator. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The issuer recorded certain revenue based on information about the quantities sold and delivery dates that was provided by a third-party administrator. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The issuer recorded certain revenue based on information about the quantities sold and delivery dates that was provided by a third-party administrator. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The issuer recorded certain revenue based on information about the quantities sold and delivery dates that was provided by a third-party administrator. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer recorded certain revenue based on information about the quantities sold and delivery dates that was provided by a third-party administrator. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer recorded certain revenue based on information about the quantities sold and delivery dates that was provided by a third-party administrator. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 The issuer recorded certain other revenue based on the completion of services provided to its customers. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the risk that revenue was recognized before the performance obligation for these services was satisfied. (AS 2201.39) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 8 The issuer recorded certain other revenue based on the completion of services provided to its customers. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether the performance obligation for these services was satisfied before revenue was recognized. (AS 2301.08) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 6 AS 2502 26 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth for the majority of the forecast period. The following deficiencies were identified: · For certain years within the forecast period the firm's procedures to evaluate the reasonableness of the revenue growth rates consisted of comparing the issuer's forecasted revenue growth rate to those reported in an industry publication over the same period. The firm did not evaluate significant differences between the issuer's forecasted revenue growth rates and the industry publication's growth rate for these years. (AS 2502.26 .28 .31 and .36) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 6 AS 2502 28 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth for the majority of the forecast period. The following deficiencies were identified: · For certain years within the forecast period the firm's procedures to evaluate the reasonableness of the revenue growth rates consisted of comparing the issuer's forecasted revenue growth rate to those reported in an industry publication over the same period. The firm did not evaluate significant differences between the issuer's forecasted revenue growth rates and the industry publication's growth rate for these years. (AS 2502.26 .28 .31 and .36) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 6 AS 2502 31 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth for the majority of the forecast period. The following deficiencies were identified: · For certain years within the forecast period the firm's procedures to evaluate the reasonableness of the revenue growth rates consisted of comparing the issuer's forecasted revenue growth rate to those reported in an industry publication over the same period. The firm did not evaluate significant differences between the issuer's forecasted revenue growth rates and the industry publication's growth rate for these years. (AS 2502.26 .28 .31 and .36) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 6 AS 2502 36 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth for the majority of the forecast period. The following deficiencies were identified: · For certain years within the forecast period the firm's procedures to evaluate the reasonableness of the revenue growth rates consisted of comparing the issuer's forecasted revenue growth rate to those reported in an industry publication over the same period. The firm did not evaluate significant differences between the issuer's forecasted revenue growth rates and the industry publication's growth rate for these years. (AS 2502.26 .28 .31 and .36) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 7 AS 2502 26 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth for the majority of the forecast period. The following deficiencies were identified: · For certain other years within the forecast period the firm did not perform any procedures to evaluate the reasonableness of the forecasted revenue growth rates. (AS 2502.26 .28 and .31) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 7 AS 2502 28 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth for the majority of the forecast period. The following deficiencies were identified: · For certain other years within the forecast period the firm did not perform any procedures to evaluate the reasonableness of the forecasted revenue growth rates. (AS 2502.26 .28 and .31) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 7 AS 2502 31 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth for the majority of the forecast period. The following deficiencies were identified: · For certain other years within the forecast period the firm did not perform any procedures to evaluate the reasonableness of the forecasted revenue growth rates. (AS 2502.26 .28 and .31) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 8 AS 2502 26 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth for the majority of the forecast period. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain forecasted expenses beyond comparing the current-year forecasted expenses to actual expenses. (AS 2502.26 .28 and .31) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 8 AS 2502 28 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth for the majority of the forecast period. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain forecasted expenses beyond comparing the current-year forecasted expenses to actual expenses. (AS 2502.26 .28 and .31) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 8 AS 2502 31 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows that assumed significant revenue growth for the majority of the forecast period. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain forecasted expenses beyond comparing the current-year forecasted expenses to actual expenses. (AS 2502.26 .28 and .31) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For certain revenue related to services that the issuer provided to its customers the issuer used two IT systems to process and record revenue transactions. The issuer assigned service codes to each customer based on the prices for the services provided and the specific terms of the customer arrangement. These systems calculated and recorded revenue using those service codes. The following deficiencies were identified: · For certain of this revenue the firm did not identify and test any controls that addressed the risks that the service codes used to record revenue did not represent the services ordered and terms agreed to by the customer. (AS 2201.39) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 For certain revenue related to services that the issuer provided to its customers the issuer used two IT systems to process and record revenue transactions. The issuer assigned service codes to each customer based on the prices for the services provided and the specific terms of the customer arrangement. These systems calculated and recorded revenue using those service codes. The following deficiencies were identified: · For the remainder of this revenue the firm selected for testing a control that included an aspect that addressed the appropriateness of the service codes used to record revenue. The firm however did not test this aspect of the control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 For certain revenue related to services that the issuer provided to its customers the issuer used two IT systems to process and record revenue transactions. The issuer assigned service codes to each customer based on the prices for the services provided and the specific terms of the customer arrangement. These systems calculated and recorded revenue using those service codes. The following deficiencies were identified: · For the remainder of this revenue the firm selected for testing a control that included an aspect that addressed the appropriateness of the service codes used to record revenue. The firm however did not test this aspect of the control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 For certain revenue related to services that the issuer provided to its customers the issuer used two IT systems to process and record revenue transactions. The issuer assigned service codes to each customer based on the prices for the services provided and the specific terms of the customer arrangement. These systems calculated and recorded revenue using those service codes. The following deficiencies were identified: · For revenue processed and recorded by one of these IT systems the firm did not identify and test any controls to address certain other risks related to the accuracy of customer invoices and revenue calculated by this system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 46 The firm selected for testing certain manual controls over this revenue that used reports that were generated by these IT systems. The firm's testing of these controls was not sufficient due to the deficiencies in testing controls over the IT systems discussed above. (AS 2201.46) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 16 The firm's substantive procedures to test the occurrence and accuracy of this revenue did not provide sufficient appropriate audit evidence because its procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the engagement team's control testing discussed above. (AS 2301.16 .18 and .37) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 18 The firm's substantive procedures to test the occurrence and accuracy of this revenue did not provide sufficient appropriate audit evidence because its procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the engagement team's control testing discussed above. (AS 2301.16 .18 and .37) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 37 The firm's substantive procedures to test the occurrence and accuracy of this revenue did not provide sufficient appropriate audit evidence because its procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the engagement team's control testing discussed above. (AS 2301.16 .18 and .37) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The issuer recorded the fair value of its available-for-sale securities based on prices it obtained from external pricing services. The firm selected for testing a quarterly control over the valuation of these securities that included the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the investigation of securities with price variances that exceeded both a monetary and a percentage change threshold. The following deficiencies were identified: · The firm did not evaluate whether the monetary threshold the issuer used to identify securities for investigation was sufficiently precise to detect material misstatements. (AS 2201.42) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 44 The issuer recorded the fair value of its available-for-sale securities based on prices it obtained from external pricing services. The firm selected for testing a quarterly control over the valuation of these securities that included the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the investigation of securities with price variances that exceeded both a monetary and a percentage change threshold. The following deficiencies were identified: · In testing the operating effectiveness of this control for the fourth quarter the firm did not identify that the comparison spreadsheet that the issuer used in this quarter contained a formulaic error such that the issuer did not properly calculate the price variances for any of its securities. (AS 2201.44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2201 42 The issuer recorded the fair value of its available-for-sale securities based on prices it obtained from external pricing services. The firm selected for testing a quarterly control over the valuation of these securities that included the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the investigation of securities with price variances that exceeded both a monetary and a percentage change threshold. The following deficiencies were identified: · For securities for which a comparative price was unavailable the control owner performed procedures that consisted of comparing the recorded price of these securities to their respective historical prices and investigating securities with price variances that exceeded a monetary threshold. In testing the design of this control the firm did not evaluate whether historical prices were an appropriate basis to allow the issuer to assess the reasonableness of the recorded fair values for these securities. (AS 2201.42) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 42 The firm selected for testing two controls over the issuer's determination of the categorization of the securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not identify that these controls were not designed to address whether the pricing inputs used to determine the fair value of certain securities were observable. (AS 2201.42) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test the valuation of these securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test the valuation of these securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test the valuation of these securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test the valuation of these securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test the valuation of these securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test the valuation of these securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing two ITGCs over administrative access to this system but as part of that testing it did not perform any procedures to assess the control owners' (1) evaluation of certain security profiles and (2) determination of whether the access privileges assigned to those profiles were appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals 1 AS 2201 42 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing two ITGCs over administrative access to this system but as part of that testing it did not perform any procedures to assess the control owners' (1) evaluation of certain security profiles and (2) determination of whether the access privileges assigned to those profiles were appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 1 AS 2201 42 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing two ITGCs over administrative access to this system but as part of that testing it did not perform any procedures to assess the control owners' (1) evaluation of certain security profiles and (2) determination of whether the access privileges assigned to those profiles were appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing two ITGCs over administrative access to this system but as part of that testing it did not perform any procedures to assess the control owners' (1) evaluation of certain security profiles and (2) determination of whether the access privileges assigned to those profiles were appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing two ITGCs over administrative access to this system but as part of that testing it did not perform any procedures to assess the control owners' (1) evaluation of certain security profiles and (2) determination of whether the access privileges assigned to those profiles were appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals 1 AS 2201 44 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing two ITGCs over administrative access to this system but as part of that testing it did not perform any procedures to assess the control owners' (1) evaluation of certain security profiles and (2) determination of whether the access privileges assigned to those profiles were appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 1 AS 2201 44 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing two ITGCs over administrative access to this system but as part of that testing it did not perform any procedures to assess the control owners' (1) evaluation of certain security profiles and (2) determination of whether the access privileges assigned to those profiles were appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing two ITGCs over administrative access to this system but as part of that testing it did not perform any procedures to assess the control owners' (1) evaluation of certain security profiles and (2) determination of whether the access privileges assigned to those profiles were appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 46 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing certain automated and IT-dependent manual controls over transactions related to these accounts. The firm's approach to testing these controls depended on effective ITGCs. Due to the deficiency in the firm's testing of ITGCs discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals 2 AS 2201 46 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing certain automated and IT-dependent manual controls over transactions related to these accounts. The firm's approach to testing these controls depended on effective ITGCs. Due to the deficiency in the firm's testing of ITGCs discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 2 AS 2201 46 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing certain automated and IT-dependent manual controls over transactions related to these accounts. The firm's approach to testing these controls depended on effective ITGCs. Due to the deficiency in the firm's testing of ITGCs discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer used an IT system to process and record transactions including those related to product revenue accounts receivable and certain expenses and related accruals. This system allowed the issuer to create security profiles for users that the issuer used to assign various levels of access privileges to these users including administrative access that allowed users to make changes to this system. The following deficiencies were identified: · The firm selected for testing certain automated and IT-dependent manual controls over transactions related to these accounts. The firm's approach to testing these controls depended on effective ITGCs. Due to the deficiency in the firm's testing of ITGCs discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Expenses 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test product revenue accounts receivable and certain expenses and related accruals were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer recorded the fair value of its available-for-sale securities based on prices it obtained from an external pricing service. The firm selected for testing a control over the valuation of these securities that consisted of the issuer's comparison of its recorded prices to prices obtained from another external pricing service. The firm did not identify and test any controls over the accuracy and completeness of the list of the issuer's securities used by the control owner in performing the comparison. (AS 2201.39) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test the valuation of these securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test the valuation of these securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test the valuation of these securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test the valuation of these securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test the valuation of these securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test the valuation of these securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 The firm selected for testing two controls that included the issuer's validation of certain models that the issuer used to estimate the quantitative component of the ALL for loans collectively evaluated for impairment. The firm did not test the aspects of these controls related to the issuer's (1) evaluation of the mathematical logic of the models; (2) verification of the accuracy and completeness of certain data used in the operation of the controls and (3) tests of the models that included sensitivity analyses and benchmark comparisons to other models. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 44 The firm selected for testing two controls that included the issuer's validation of certain models that the issuer used to estimate the quantitative component of the ALL for loans collectively evaluated for impairment. The firm did not test the aspects of these controls related to the issuer's (1) evaluation of the mathematical logic of the models; (2) verification of the accuracy and completeness of certain data used in the operation of the controls and (3) tests of the models that included sensitivity analyses and benchmark comparisons to other models. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the system applied the appropriate service codes based on the inputs into the system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the system applied the appropriate service codes based on the inputs into the system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 1105 10 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The firm used these service codes in its substantive testing of this revenue and accounts receivable but did not perform any substantive procedures to test or in the alternative identify and test any controls over the appropriateness of the service codes. (AS1105.10) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The firm used these service codes in its substantive testing of this revenue and accounts receivable but did not perform any substantive procedures to test or in the alternative identify and test any controls over the appropriateness of the service codes. (AS1105.10) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 16 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 18 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 37 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 19 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23A The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer used an IT system to record revenue and accounts receivable transactions related to certain services that the issuer provided to its customers. This system recorded revenue transactions using service codes that the system selected based on various inputs into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 42 The firm selected for testing a control that included the issuer's review of certain assumptions that were used to determine the fair value of the issuer's goodwill and intangible assets for purposes of evaluating these assets for possible impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 1 AS 2201 42 The firm selected for testing a control that included the issuer's review of certain assumptions that were used to determine the fair value of the issuer's goodwill and intangible assets for purposes of evaluating these assets for possible impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 44 The firm selected for testing a control that included the issuer's review of certain assumptions that were used to determine the fair value of the issuer's goodwill and intangible assets for purposes of evaluating these assets for possible impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 1 AS 2201 44 The firm selected for testing a control that included the issuer's review of certain assumptions that were used to determine the fair value of the issuer's goodwill and intangible assets for purposes of evaluating these assets for possible impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2502 26 For one of its reporting units the issuer used a cash flow forecast to evaluate the goodwill and an intangible asset for possible impairment. Based on this evaluation the issuer recorded an impairment charge related to these assets. The firm did not sufficiently evaluate the reasonableness of the issuer's forecast because its procedures were limited to comparing certain amounts from the forecast to the corresponding amounts in a forecast prepared earlier in the year and inquiring of management about the variances. (AS 2502.26 and .28) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 2 AS 2502 26 For one of its reporting units the issuer used a cash flow forecast to evaluate the goodwill and an intangible asset for possible impairment. Based on this evaluation the issuer recorded an impairment charge related to these assets. The firm did not sufficiently evaluate the reasonableness of the issuer's forecast because its procedures were limited to comparing certain amounts from the forecast to the corresponding amounts in a forecast prepared earlier in the year and inquiring of management about the variances. (AS 2502.26 and .28) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2502 28 For one of its reporting units the issuer used a cash flow forecast to evaluate the goodwill and an intangible asset for possible impairment. Based on this evaluation the issuer recorded an impairment charge related to these assets. The firm did not sufficiently evaluate the reasonableness of the issuer's forecast because its procedures were limited to comparing certain amounts from the forecast to the corresponding amounts in a forecast prepared earlier in the year and inquiring of management about the variances. (AS 2502.26 and .28) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 2 AS 2502 28 For one of its reporting units the issuer used a cash flow forecast to evaluate the goodwill and an intangible asset for possible impairment. Based on this evaluation the issuer recorded an impairment charge related to these assets. The firm did not sufficiently evaluate the reasonableness of the issuer's forecast because its procedures were limited to comparing certain amounts from the forecast to the corresponding amounts in a forecast prepared earlier in the year and inquiring of management about the variances. (AS 2502.26 and .28) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm selected for testing a control over the existence of certain inventory that consisted of the issuer's review of its cycle-count results to assess the reliability of the cycle-count process. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing a control over the existence of certain inventory that consisted of the issuer's review of its cycle-count results to assess the reliability of the cycle-count process. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test certain of this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test certain of this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test certain of this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test certain of this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test certain of this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test certain of this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Goodwill 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review and approval of its annual budget. The issuer used this budget in its qualitative assessment of goodwill for possible impairment. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Goodwill 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review and approval of its annual budget. The issuer used this budget in its qualitative assessment of goodwill for possible impairment. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Liabilities for Medical Claims 2 AS 2201 42 For each of its health plans the issuer recorded an estimated liability for medical claims that included a component for certain factors such as changes in economic and business conditions. The firm selected for testing five controls that included aspects that addressed the risks related to this component. The following deficiencies were identified: · For three of these controls the firm did not evaluate whether the criteria that the control owners used to identify items for follow up were appropriate. (AS 2201.42) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Liabilities for Medical Claims 3 AS 2201 42 For each of its health plans the issuer recorded an estimated liability for medical claims that included a component for certain factors such as changes in economic and business conditions. The firm selected for testing five controls that included aspects that addressed the risks related to this component. The following deficiencies were identified: · For the two remaining controls the firm did not identify that these controls were not designed at a level of precision to detect material misstatements. (AS 2201.42) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer recorded the fair value of its available-for-sale securities based on prices it obtained from an external pricing service (primary pricing service). The firm selected for testing a control over the valuation of these securities that consisted of the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the issuer's investigation of (1) price variances that exceeded certain thresholds or (2) securities for which prices were not provided by the primary pricing service. The issuer manually entered the securities and prices obtained from both pricing services into a spreadsheet for this comparison. The following deficiencies were identified: · The firm did not identify and test any controls over a report that the control owner used to assess the accuracy and completeness of the issuer's securities that were manually entered into the comparison spreadsheet. (AS 2201.39) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investment Securities 2 AS 2201 42 The issuer recorded the fair value of its available-for-sale securities based on prices it obtained from an external pricing service (primary pricing service). The firm selected for testing a control over the valuation of these securities that consisted of the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the issuer's investigation of (1) price variances that exceeded certain thresholds or (2) securities for which prices were not provided by the primary pricing service. The issuer manually entered the securities and prices obtained from both pricing services into a spreadsheet for this comparison. The following deficiencies were identified: · The firm did not test an aspect of this control that addressed whether the prices from the primary pricing service were accurately entered into the comparison spreadsheet. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investment Securities 2 AS 2201 44 The issuer recorded the fair value of its available-for-sale securities based on prices it obtained from an external pricing service (primary pricing service). The firm selected for testing a control over the valuation of these securities that consisted of the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the issuer's investigation of (1) price variances that exceeded certain thresholds or (2) securities for which prices were not provided by the primary pricing service. The issuer manually entered the securities and prices obtained from both pricing services into a spreadsheet for this comparison. The following deficiencies were identified: · The firm did not test an aspect of this control that addressed whether the prices from the primary pricing service were accurately entered into the comparison spreadsheet. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investment Securities 3 AS 2201 42 The issuer recorded the fair value of its available-for-sale securities based on prices it obtained from an external pricing service (primary pricing service). The firm selected for testing a control over the valuation of these securities that consisted of the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the issuer's investigation of (1) price variances that exceeded certain thresholds or (2) securities for which prices were not provided by the primary pricing service. The issuer manually entered the securities and prices obtained from both pricing services into a spreadsheet for this comparison. The following deficiencies were identified: · For securities that met the issuer's criteria for investigation the firm did not evaluate the specific review procedures that the control owner performed to evaluate whether the prices used to record the fair values for these securities were appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investment Securities 3 AS 2201 44 The issuer recorded the fair value of its available-for-sale securities based on prices it obtained from an external pricing service (primary pricing service). The firm selected for testing a control over the valuation of these securities that consisted of the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the issuer's investigation of (1) price variances that exceeded certain thresholds or (2) securities for which prices were not provided by the primary pricing service. The issuer manually entered the securities and prices obtained from both pricing services into a spreadsheet for this comparison. The following deficiencies were identified: · For securities that met the issuer's criteria for investigation the firm did not evaluate the specific review procedures that the control owner performed to evaluate whether the prices used to record the fair values for these securities were appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2503 21 The issuer used an investment adviser to initiate purchases and sales of its investment securities in accordance with the issuer's investment policy. These securities were held by a third-party custodian. The firm did not perform sufficient procedures to test these securities because the firm's procedures were limited to confirming the recorded balances of these securities with the investment adviser without performing any procedures to evaluate the appropriateness of the information provided by the investment adviser. (AS 2503.21 and .22) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2503 22 The issuer used an investment adviser to initiate purchases and sales of its investment securities in accordance with the issuer's investment policy. These securities were held by a third-party custodian. The firm did not perform sufficient procedures to test these securities because the firm's procedures were limited to confirming the recorded balances of these securities with the investment adviser without performing any procedures to evaluate the appropriateness of the information provided by the investment adviser. (AS 2503.21 and .22) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Investment Securities 2 AS 2301 8 The issuer held certain investment securities that it classified based on the maturity date of the security as either cash equivalents or short-term investments in its financial statements. The firm did not perform any substantive procedures that addressed the appropriateness of the classification of these securities. (AS 2301.08) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A M No ICFR audit only Audits with multiple deficiencies Expenses 1 AS 2201 42 The issuer used a service organization to process claims for certain benefits that the issuer provided to its employees. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report for (1) control deficiencies identified by the service auditor and (2) complementary user controls that the issuer needed to have in place in order to achieve the control objectives described in the service auditor's report. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify matters for follow up and the procedures to determine whether those matters were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A M No ICFR audit only Audits with multiple deficiencies Expenses 1 AS 2201 44 The issuer used a service organization to process claims for certain benefits that the issuer provided to its employees. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report for (1) control deficiencies identified by the service auditor and (2) complementary user controls that the issuer needed to have in place in order to achieve the control objectives described in the service auditor's report. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify matters for follow up and the procedures to determine whether those matters were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A M No ICFR audit only Audits with multiple deficiencies Expenses 2 AS 2201 39 The issuer used a service organization to process claims for certain benefits that the issuer provided to its employees. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report for (1) control deficiencies identified by the service auditor and (2) complementary user controls that the issuer needed to have in place in order to achieve the control objectives described in the service auditor's report. The firm did not perform any procedures to evaluate whether the issuer implemented the appropriate complementary user controls as described in the service auditor's report. (AS 2201.39 and .B22) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A M No ICFR audit only Audits with multiple deficiencies Expenses 2 AS 2201 B22 The issuer used a service organization to process claims for certain benefits that the issuer provided to its employees. The firm selected for testing a control that consisted of the issuer's review of the service auditor's report for (1) control deficiencies identified by the service auditor and (2) complementary user controls that the issuer needed to have in place in order to achieve the control objectives described in the service auditor's report. The firm did not perform any procedures to evaluate whether the issuer implemented the appropriate complementary user controls as described in the service auditor's report. (AS 2201.39 and .B22) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A N No ICFR audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the assumptions and qualitative adjustments used to estimate the ALL for loans collectively evaluated for impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions and qualitative adjustments. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2020 United States KPMG International Cooperative 2021-09-30T00:00:00 Part I.A N No ICFR audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the assumptions and qualitative adjustments used to estimate the ALL for loans collectively evaluated for impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions and qualitative adjustments. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer used an information-technology (IT) application to generate reports from various systems that processed and recorded revenue and inventory transactions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of changes to the configuration of these reports. The firm did not evaluate the specific review procedures that the control owner performed to assess whether the changes were appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used an information-technology (IT) application to generate reports from various systems that processed and recorded revenue and inventory transactions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of changes to the configuration of these reports. The firm did not evaluate the specific review procedures that the control owner performed to assess whether the changes were appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer used an information-technology (IT) application to generate reports from various systems that processed and recorded revenue and inventory transactions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of changes to the configuration of these reports. The firm did not evaluate the specific review procedures that the control owner performed to assess whether the changes were appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used an information-technology (IT) application to generate reports from various systems that processed and recorded revenue and inventory transactions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of changes to the configuration of these reports. The firm did not evaluate the specific review procedures that the control owner performed to assess whether the changes were appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 The issuer used an information-technology (IT) application to generate reports from various systems that processed and recorded revenue and inventory transactions. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether all of the reports with changes were subject to this review. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used an information-technology (IT) application to generate reports from various systems that processed and recorded revenue and inventory transactions. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether all of the reports with changes were subject to this review. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 46 The issuer used an information-technology (IT) application to generate reports from various systems that processed and recorded revenue and inventory transactions. The following deficiencies were identified: · The firm selected for testing various IT-dependent manual controls over this revenue and inventory that used these reports. As a result of the deficiencies discussed above the firm's testing of these manual controls was not sufficient. (AS 2201.46) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 46 The issuer used an information-technology (IT) application to generate reports from various systems that processed and recorded revenue and inventory transactions. The following deficiencies were identified: · The firm selected for testing various IT-dependent manual controls over this revenue and inventory that used these reports. As a result of the deficiencies discussed above the firm's testing of these manual controls was not sufficient. (AS 2201.46) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2020 United States PricewaterhouseCoopers International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of the prices and quantities that the issuer used to record revenue. The firm did not identify and test any controls over the completeness of the system-generated report that was used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions. In its testing of controls over certain revenue and related accounts the firm tested various IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 With respect to user access: · The firm selected for testing a control over the periodic review of user access for each of these IT systems. The firm did not evaluate whether items identified by the control owners for follow up were appropriately resolved. (AS 2201.44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 With respect to user access: · The firm did not identify and test any controls over the accuracy and completeness of certain reports used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 With respect to user access: · The firm selected for testing a control over the approval of new or modified user access for each of these IT systems. The firm did not test the operating effectiveness of (1) this control for one of these systems and (2) the aspect of this control related to the modification of access for existing users for certain other of these systems. Further in its testing of the operating effectiveness of this control for certain IT systems the firm tested fewer items than the sample size it calculated. (AS 2201.44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 With respect to user access: · The firm selected for testing a control over the removal of access for terminated employees. For one of these IT systems the firm did not evaluate the control owner's procedures to determine whether access was appropriately removed for users identified as terminated. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 With respect to user access: · The firm selected for testing a control over the removal of access for terminated employees. For one of these IT systems the firm did not evaluate the control owner's procedures to determine whether access was appropriately removed for users identified as terminated. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 With respect to both user access and change management: · For certain IT systems the firm did not (1) identify and test controls and/or (2) test identified controls that addressed certain risks over change management and user access. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 42 With respect to both user access and change management: · For one of these IT systems the firm selected for testing controls related to (1) the monitoring of database changes and (2) privileged access review but did not perform any procedures beyond inquiry to test the design and operating effectiveness of these controls. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 44 With respect to both user access and change management: · For one of these IT systems the firm selected for testing controls related to (1) the monitoring of database changes and (2) privileged access review but did not perform any procedures beyond inquiry to test the design and operating effectiveness of these controls. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 1105 10 With respect to both user access and change management: · For each of these IT systems the firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of certain system-generated reports that it used to make its selections for testing controls over change management and/or user access. (AS 1105.10) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 1105 10 As a result of the audit deficiencies discussed above the firm did not perform sufficient substantive procedures to test or sufficiently test controls over (1) the completeness of certain system-generated reports that the firm used to make its selections to test various controls over certain revenue and related accounts and (2) the accuracy of certain system-generated data it used in its substantive testing of certain revenue and related accounts. (AS 1105.10) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 42 The issuer recognized certain revenue from contracts using a measure of progress method. The following deficiencies were identified: · The firm selected for testing controls over the review and approval of certain of this revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 44 The issuer recognized certain revenue from contracts using a measure of progress method. The following deficiencies were identified: · The firm selected for testing controls over the review and approval of certain of this revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2201 39 The issuer recognized certain revenue from contracts using a measure of progress method. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of these controls. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2201 39 The issuer recognized certain revenue from contracts using a measure of progress method. The following deficiencies were identified: · For certain of this revenue the firm did not identify and test any controls over the accuracy and completeness of labor hours that were an input into the issuer's calculation of this revenue. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 13 AS 1105 10 The issuer recognized certain revenue from contracts using a measure of progress method. The following deficiencies were identified: · For certain of this revenue the firm did not perform substantive procedures to test or sufficiently test controls over the accuracy of certain data it used in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2501 7 The issuer recognized certain revenue from contracts using a measure of progress method. The following deficiencies were identified: · For this revenue at one business unit the firm did not perform any substantive procedures to evaluate the reasonableness of the estimated costs to complete open contracts. (AS 2501.07) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 15 AS 1105 10 The issuer recognized certain revenue from contracts using a measure of progress method. The following deficiencies were identified: · For certain of this revenue at another business unit the firm did not obtain sufficient appropriate audit evidence regarding the accuracy of estimated total units to be completed. (AS1105.10; AS 2501.11) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 15 AS 2501 11 The issuer recognized certain revenue from contracts using a measure of progress method. The following deficiencies were identified: · For certain of this revenue at another business unit the firm did not obtain sufficient appropriate audit evidence regarding the accuracy of estimated total units to be completed. (AS1105.10; AS 2501.11) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 16 AS 2301 8 The issuer recognized certain revenue from contracts using a measure of progress method. The following deficiencies were identified: · Fir certain other revenue at this business unit the firm did not perform any procedures to evaluate whether revenue was recorded in the appropriate period. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 17 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 17 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 17 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 17 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 17 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 17 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 18 AS 2310 29 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. The following deficiencies were identified: · For certain items in its sample the responses were returned by email. The firm did not consider performing any procedures to verify the source of these responses. (AS 2310.29) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 19 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. The following deficiencies were identified: · For certain confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that these balances represented valid receivables as of the confirmation date. (AS 2310.31) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 1105 10 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the system-generated reports that it used to select its sample for testing controls over change management for certain of these systems. (AS 1105.10) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm did not perform any substantive procedures to test or in the alternative test any controls over the completeness of the system-generated reports that it used to select its sample for testing controls over change management for certain of these systems. (AS 1105.10) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 2 AS 2201 44 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to these IT systems. In its testing of the operating effectiveness of this control for certain of these systems the firm did not test whether users with the ability to implement changes also had the ability to develop changes. (AS 2201.44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to these IT systems. In its testing of the operating effectiveness of this control for certain of these systems the firm did not test whether users with the ability to implement changes also had the ability to develop changes. (AS 2201.44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2201 44 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm selected for testing a control over the approval of new or modified user access to these IT systems. In its testing of the operating effectiveness of this control the firm (1) excluded certain types of new users from its testing population and (2) did not test the aspect of this control related to the modification of access for existing users. (AS 2201.44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm selected for testing a control over the approval of new or modified user access to these IT systems. In its testing of the operating effectiveness of this control the firm (1) excluded certain types of new users from its testing population and (2) did not test the aspect of this control related to the modification of access for existing users. (AS 2201.44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 4 AS 2201 48 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm selected for testing a control over the removal of access to these systems for terminated users. The firm identified an exception in the operation of this control but did not evaluate the effect of this exception on the operating effectiveness of this control. (AS 2201.48) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 48 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm selected for testing a control over the removal of access to these systems for terminated users. The firm identified an exception in the operation of this control but did not evaluate the effect of this exception on the operating effectiveness of this control. (AS 2201.48) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2201 39 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm selected for testing a control over the periodic review of user access. For certain of these systems the firm did not identify and test any controls over the accuracy and completeness of the reports that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm selected for testing a control over the periodic review of user access. For certain of these systems the firm did not identify and test any controls over the accuracy and completeness of the reports that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 6 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm tested various automated controls over this revenue and derivatives that used data from certain of these IT systems. As a result of the deficiencies in the firm's testing of ITGCs discussed above the firm's testing of these automated controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and derivatives. The firm tested ITGCs for these IT systems. The following deficiencies were identified: · The firm tested various automated controls over this revenue and derivatives that used data from certain of these IT systems. As a result of the deficiencies in the firm's testing of ITGCs discussed above the firm's testing of these automated controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 7 AS 2201 39 The issuer calculated certain revenue and recorded the fair value of its derivatives based on security prices it obtained from external pricing services. The firm did not identify and test any controls over the reliability of the prices obtained from the external pricing services. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 39 The issuer calculated certain revenue and recorded the fair value of its derivatives based on security prices it obtained from external pricing services. The firm did not identify and test any controls over the reliability of the prices obtained from the external pricing services. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 8 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 8 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 8 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 8 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 8 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 8 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based upon a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 9 AS 2201 68 The firm identified a deficiency in ITGCs for certain of the issuer's systems related to individuals having inappropriate administrative rights to these systems. The firm identified a compensating control related to the issuer's monthly reviews of financial information. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not identify that the control owners used data in the performance of this control that were produced by the systems that were subject to the inappropriate access deficiency. (AS 2201.68) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 10 AS 2201 46 The firm tested various IT-dependent manual controls that used data generated or maintained by these systems. As a result of the deficiencies in the firm's compensating control testing discussed above the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm's substantive procedures to test revenue consisted of performing a test of details for the first 11 months of the issuer's fiscal year and a substantive analytical procedure for the remaining month. The following deficiencies were identified: · The firm limited its test of details to a smaller number of selections than the sample size it calculated. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2305 16 The firm's substantive procedures to test revenue consisted of performing a test of details for the first 11 months of the issuer's fiscal year and a substantive analytical procedure for the remaining month. The following deficiencies were identified: · The firm did not perform procedures to test the accuracy and completeness of certain historical data used in its substantive analytical procedure. (AS 2305.16) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2502 26 During the year the issuer acquired multiple businesses. The firm performed certain substantive procedures but did not obtain sufficient appropriate audit evidence regarding the reasonableness of the projected financial information used by the issuer to determine the fair value of certain acquired intangible assets and contingent consideration. (AS 2502.26 .28 .31 and .36) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2502 28 During the year the issuer acquired multiple businesses. The firm performed certain substantive procedures but did not obtain sufficient appropriate audit evidence regarding the reasonableness of the projected financial information used by the issuer to determine the fair value of certain acquired intangible assets and contingent consideration. (AS 2502.26 .28 .31 and .36) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2502 31 During the year the issuer acquired multiple businesses. The firm performed certain substantive procedures but did not obtain sufficient appropriate audit evidence regarding the reasonableness of the projected financial information used by the issuer to determine the fair value of certain acquired intangible assets and contingent consideration. (AS 2502.26 .28 .31 and .36) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2502 36 During the year the issuer acquired multiple businesses. The firm performed certain substantive procedures but did not obtain sufficient appropriate audit evidence regarding the reasonableness of the projected financial information used by the issuer to determine the fair value of certain acquired intangible assets and contingent consideration. (AS 2502.26 .28 .31 and .36) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2810 30 During the year the issuer created a subsidiary to purchase certain assets from a counterparty. The firm did not evaluate whether due to the terms in the agreement the subsidiary was a variable interest entity under FASB ASC Topic 810 Consolidation. (AS 2810.30) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 5 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of omissions from a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 5 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of omissions from a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control that included monthly reviews of certain revenue for four of the issuer's business units. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control that included monthly reviews of certain revenue for four of the issuer's business units. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue at two of these business units. The firm tested controls over user access to these systems. The following deficiencies were identified: · The firm selected for testing a control over the granting or modification of user access. For the first business unit the firm did not test the operating effectiveness of this control. For the second the firm did not test the design and operating effectiveness of the aspect of this control related to the modification of user access. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue at two of these business units. The firm tested controls over user access to these systems. The following deficiencies were identified: · The firm selected for testing a control over the granting or modification of user access. For the first business unit the firm did not test the operating effectiveness of this control. For the second the firm did not test the design and operating effectiveness of the aspect of this control related to the modification of user access. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue at two of these business units. The firm tested controls over user access to these systems. The following deficiencies were identified: · The firm selected for testing a control over the periodic review of user access. For both business units the firm did not identify and test any controls over the accuracy and completeness of the user access lists that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue at two of these business units. The firm tested controls over user access to these systems. The following deficiencies were identified: · As a result of these deficiencies the firm's testing of the accuracy and completeness of data used in the performance of the monthly financial information review control discussed above for these two business units was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue at three of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue at three of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue at three of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue at three of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue at three of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue at three of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For certain revenue transactions that occurred throughout the audit period the firm did not identify and test any controls that addressed the risk related to the accuracy of prices and quantities invoiced. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm's substantive procedures to test certain revenue consisted of (1) testing a sample of revenue transactions and (2) performing analytical procedures. The following deficiencies were identified: · For certain of the transactions selected for testing the firm did not test whether revenue was recognized according to the contractual terms. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2305 17 The firm's substantive procedures to test certain revenue consisted of (1) testing a sample of revenue transactions and (2) performing analytical procedures. The following deficiencies were identified: · The firm's analytical procedures consisted of calculating the issuer's gross margin. These procedures did not provide sufficient appropriate audit evidence because the firm did not (1) develop an expectation and (2) establish a threshold for investigation of differences from the expectation. (AS 2305.17 and .20) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2305 20 The firm's substantive procedures to test certain revenue consisted of (1) testing a sample of revenue transactions and (2) performing analytical procedures. The following deficiencies were identified: · The firm's analytical procedures consisted of calculating the issuer's gross margin. These procedures did not provide sufficient appropriate audit evidence because the firm did not (1) develop an expectation and (2) establish a threshold for investigation of differences from the expectation. (AS 2305.17 and .20) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The firm did not identify and test any controls over the accuracy of prices and quantities invoiced. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls over the accuracy of prices and quantities invoiced. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The firm selected for testing a control that consisted of the issuer's performance of a physical inventory count at each location at an interim date and the issuer's roll-forward of these inventory counts to year end. The firm did not perform any procedures to test the aspect of this control related to the issuer's roll-forward procedures. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The firm selected for testing a control that consisted of the issuer's performance of a physical inventory count at each location at an interim date and the issuer's roll-forward of these inventory counts to year end. The firm did not perform any procedures to test the aspect of this control related to the issuer's roll-forward procedures. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 44 The firm selected for testing a control over the review of the issuer's income tax provision. In its testing of the operating effectiveness of this control the firm did not evaluate whether an item identified by the control owner for follow up was appropriately resolved. (AS 2201.44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 2 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and/or completeness of certain data the firm used in its substantive testing of income taxes. (AS 1105.10) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 3 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of a misstatement in a required disclosure under FASB ASC Topic 740 Income Taxes. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 3 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of a misstatement in a required disclosure under FASB ASC Topic 740 Income Taxes. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2305 13 The firm performed substantive analytical procedures to test certain expenses. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. Further the firm identified differences in excess of the firm's established threshold but did not evaluate these differences beyond inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2305 14 The firm performed substantive analytical procedures to test certain expenses. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. Further the firm identified differences in excess of the firm's established threshold but did not evaluate these differences beyond inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Expenses 1 AS 2305 21 The firm performed substantive analytical procedures to test certain expenses. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. Further the firm identified differences in excess of the firm's established threshold but did not evaluate these differences beyond inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Income Taxes 2 AS 1105 10 The firm's approach for substantively testing the estimated future benefit of certain deferred tax assets was to review and test management's process. The issuer used forecasts to determine this estimate. The firm did not sufficiently evaluate the reasonableness of this estimate because the firm's procedures to test certain assumptions underlying these forecasts were limited to inquiring of management and performing a sensitivity analysis that indicated that if certain alternative assumptions were used the future benefit would change by a significant amount. Further the firm did not perform any procedures to test the accuracy and completeness of certain data the issuer used in these forecasts. (AS 1105.10; AS 2501.09 .10 and .11) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Income Taxes 2 AS 2501 9 The firm's approach for substantively testing the estimated future benefit of certain deferred tax assets was to review and test management's process. The issuer used forecasts to determine this estimate. The firm did not sufficiently evaluate the reasonableness of this estimate because the firm's procedures to test certain assumptions underlying these forecasts were limited to inquiring of management and performing a sensitivity analysis that indicated that if certain alternative assumptions were used the future benefit would change by a significant amount. Further the firm did not perform any procedures to test the accuracy and completeness of certain data the issuer used in these forecasts. (AS 1105.10; AS 2501.09 .10 and .11) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Income Taxes 2 AS 2501 10 The firm's approach for substantively testing the estimated future benefit of certain deferred tax assets was to review and test management's process. The issuer used forecasts to determine this estimate. The firm did not sufficiently evaluate the reasonableness of this estimate because the firm's procedures to test certain assumptions underlying these forecasts were limited to inquiring of management and performing a sensitivity analysis that indicated that if certain alternative assumptions were used the future benefit would change by a significant amount. Further the firm did not perform any procedures to test the accuracy and completeness of certain data the issuer used in these forecasts. (AS 1105.10; AS 2501.09 .10 and .11) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Income Taxes 2 AS 2501 11 The firm's approach for substantively testing the estimated future benefit of certain deferred tax assets was to review and test management's process. The issuer used forecasts to determine this estimate. The firm did not sufficiently evaluate the reasonableness of this estimate because the firm's procedures to test certain assumptions underlying these forecasts were limited to inquiring of management and performing a sensitivity analysis that indicated that if certain alternative assumptions were used the future benefit would change by a significant amount. Further the firm did not perform any procedures to test the accuracy and completeness of certain data the issuer used in these forecasts. (AS 1105.10; AS 2501.09 .10 and .11) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 42 The firm selected for testing a control that included the issuer's review of the reasonableness of the revenue-growth assumptions used in the valuation of certain assets acquired and liabilities assumed. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the revenue-growth assumptions. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 44 The firm selected for testing a control that included the issuer's review of the reasonableness of the revenue-growth assumptions used in the valuation of certain assets acquired and liabilities assumed. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the revenue-growth assumptions. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of omissions from a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of omissions from a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 30 During the audit the firm did not identify and evaluate the significance to the financial statements of misstatements in a required disclosure under FASB ASC Topic 280 Segment Reporting. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 31 During the audit the firm did not identify and evaluate the significance to the financial statements of misstatements in a required disclosure under FASB ASC Topic 280 Segment Reporting. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A K No ICFR audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the assigned loan risk ratings. The loan risk rating was an important input in estimating the ALL and determining whether a loan would be individually or collectively evaluated for impairment. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A K No ICFR audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the assigned loan risk ratings. The loan risk rating was an important input in estimating the ALL and determining whether a loan would be individually or collectively evaluated for impairment. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Business Combinations 1 AS 2201 42 The firm selected for testing a control over the review of the valuation of assets acquired and liabilities assumed in a business combination. The firm did not evaluate the specific review procedures that the control owner performed to assess the accuracy of the inventory information used to determine the valuation of the inventory acquired. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Business Combinations 1 AS 2201 44 The firm selected for testing a control over the review of the valuation of assets acquired and liabilities assumed in a business combination. The firm did not evaluate the specific review procedures that the control owner performed to assess the accuracy of the inventory information used to determine the valuation of the inventory acquired. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Leases 1 AS 2810 30 During the audit the firm did not identify and evaluate the significance to the financial statements of misstatements related to lease expense information included in a required disclosure under FASB ASC Topic 842 Leases. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, LLP 2020 United States BDO International Limited 2021-09-30T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Leases 1 AS 2810 31 During the audit the firm did not identify and evaluate the significance to the financial statements of misstatements related to lease expense information included in a required disclosure under FASB ASC Topic 842 Leases. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 68 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and cash. The firm identified control deficiencies in certain IT general controls (ITGCs) over this IT system related to individuals having segregation of duties conflicts that provided these individuals with security administration privileges and the ability to both develop changes and migrate them into production. The following audit deficiencies were identified: · The firm identified and tested a compensating control that it believed would mitigate these ITGC deficiencies. The firm did not identify that this compensating control did not address the risks related to these deficiencies because the control owners performing the compensating control were among the individuals that the firm identified as having the segregation of duties conflicts. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 1 AS 2201 68 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and cash. The firm identified control deficiencies in certain IT general controls (ITGCs) over this IT system related to individuals having segregation of duties conflicts that provided these individuals with security administration privileges and the ability to both develop changes and migrate them into production. The following audit deficiencies were identified: · The firm identified and tested a compensating control that it believed would mitigate these ITGC deficiencies. The firm did not identify that this compensating control did not address the risks related to these deficiencies because the control owners performing the compensating control were among the individuals that the firm identified as having the segregation of duties conflicts. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and cash. The firm identified control deficiencies in certain IT general controls (ITGCs) over this IT system related to individuals having segregation of duties conflicts that provided these individuals with security administration privileges and the ability to both develop changes and migrate them into production. The following audit deficiencies were identified: · The firm identified and tested a compensating control that it believed would mitigate these ITGC deficiencies. The firm did not identify that this compensating control did not address the risks related to these deficiencies because the control owners performing the compensating control were among the individuals that the firm identified as having the segregation of duties conflicts. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 46 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and cash. The firm identified control deficiencies in certain IT general controls (ITGCs) over this IT system related to individuals having segregation of duties conflicts that provided these individuals with security administration privileges and the ability to both develop changes and migrate them into production. The following audit deficiencies were identified: · The firm tested certain automated and IT-dependent manual controls over revenue accounts receivable and cash that used data and reports generated or maintained by this IT system. As a result of the audit deficiency discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 2 AS 2201 46 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and cash. The firm identified control deficiencies in certain IT general controls (ITGCs) over this IT system related to individuals having segregation of duties conflicts that provided these individuals with security administration privileges and the ability to both develop changes and migrate them into production. The following audit deficiencies were identified: · The firm tested certain automated and IT-dependent manual controls over revenue accounts receivable and cash that used data and reports generated or maintained by this IT system. As a result of the audit deficiency discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer used an information technology (IT) system to process and record transactions related to revenue accounts receivable and cash. The firm identified control deficiencies in certain IT general controls (ITGCs) over this IT system related to individuals having segregation of duties conflicts that provided these individuals with security administration privileges and the ability to both develop changes and migrate them into production. The following audit deficiencies were identified: · The firm tested certain automated and IT-dependent manual controls over revenue accounts receivable and cash that used data and reports generated or maintained by this IT system. As a result of the audit deficiency discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 The issuer recognized certain revenue upon shipment of its products to distributors and estimated an accrual for rebates it had not yet paid based on a rolling average of actual rebates paid in previous months. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the reasonableness of the assumptions the issuer used to estimate this accrual. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2501 9 The issuer recognized certain revenue upon shipment of its products to distributors and estimated an accrual for rebates it had not yet paid based on a rolling average of actual rebates paid in previous months. The following deficiencies were identified: · The firm's approach for substantively testing the rebate accrual was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the rebate accrual because the firm did not test beyond inquiry of management whether the time period that the issuer used to calculate the rolling average was reasonable. (AS 2501.09 .10 and .11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2501 10 The issuer recognized certain revenue upon shipment of its products to distributors and estimated an accrual for rebates it had not yet paid based on a rolling average of actual rebates paid in previous months. The following deficiencies were identified: · The firm's approach for substantively testing the rebate accrual was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the rebate accrual because the firm did not test beyond inquiry of management whether the time period that the issuer used to calculate the rolling average was reasonable. (AS 2501.09 .10 and .11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2501 11 The issuer recognized certain revenue upon shipment of its products to distributors and estimated an accrual for rebates it had not yet paid based on a rolling average of actual rebates paid in previous months. The following deficiencies were identified: · The firm's approach for substantively testing the rebate accrual was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the rebate accrual because the firm did not test beyond inquiry of management whether the time period that the issuer used to calculate the rolling average was reasonable. (AS 2501.09 .10 and .11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 10 The firm used reports generated or maintained by the IT system discussed above in performing certain of its substantive procedures to test revenue. The firm did not perform any substantive procedures to test or (as a result of the compensating control testing deficiency) sufficiently test controls over the accuracy and completeness of these reports. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 The issuer recorded a sales returns reserve based in part on customer data that the issuer obtained from a service organization. Certain relevant controls at this service organization were not operating effectively. The firm identified and tested a control that consisted of the issuer's review of customer data for certain customers that the firm believed would compensate for these ineffective controls. The firm did not evaluate whether the issuer's review was sufficient to address the risk of material misstatement given not all customers were covered by this control. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the calculation of the sales returns reserve. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the adjustments that the issuer made to this reserve. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the calculation of the sales returns reserve. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the adjustments that the issuer made to this reserve. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 46 The firm selected for testing a control that consisted of the issuer's review of the calculation of the sales returns reserve. As the compensating control did not address certain customers the firm did not sufficiently test controls over the accuracy and completeness of certain customer data that were used in the operation of this control. (AS 2201.46) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of certain sales incentive reserves. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used to determine these reserves. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of certain sales incentive reserves. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used to determine these reserves. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2501 9 The firm's approach for substantively testing the sales returns reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of this reserve because the firm did not test beyond inquiry of management the adjustments that the issuer made to this reserve. (AS 2501.09 .10 and .11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2501 10 The firm's approach for substantively testing the sales returns reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of this reserve because the firm did not test beyond inquiry of management the adjustments that the issuer made to this reserve. (AS 2501.09 .10 and .11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2501 11 The firm's approach for substantively testing the sales returns reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of this reserve because the firm did not test beyond inquiry of management the adjustments that the issuer made to this reserve. (AS 2501.09 .10 and .11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 10 The firm did not perform any substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain data that it used in its substantive testing of the sales returns and sales incentive reserves. (AS 1105.10; AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2501 11 The firm did not perform any substantive procedures to test or sufficiently test controls over the accuracy and completeness of certain data that it used in its substantive testing of the sales returns and sales incentive reserves. (AS 1105.10; AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer recognized certain revenue based on customer contracts that included financing arrangements with the customer. The firm selected for testing a control over this revenue that consisted of the issuer's review of these customer contracts including the review of the credit application supporting the customer's ability and intent to pay. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether these customer contracts met the collectability criteria required to recognize revenue. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer recognized certain revenue based on customer contracts that included financing arrangements with the customer. The firm selected for testing a control over this revenue that consisted of the issuer's review of these customer contracts including the review of the credit application supporting the customer's ability and intent to pay. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether these customer contracts met the collectability criteria required to recognize revenue. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether these customer contracts met the collectability criteria required to recognize revenue. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 For loans that the issuer assessed collectively for impairment the issuer estimated the ALL using a model that included loan charge-offs as inputs; these charge-offs were determined based in part on the fair value of the underlying assets. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reviews of the fair values of the underlying assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 44 For loans that the issuer assessed collectively for impairment the issuer estimated the ALL using a model that included loan charge-offs as inputs; these charge-offs were determined based in part on the fair value of the underlying assets. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reviews of the fair values of the underlying assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 9 For loans that the issuer assessed collectively for impairment the issuer estimated the ALL using a model that included loan charge-offs as inputs; these charge-offs were determined based in part on the fair value of the underlying assets. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the ALL because the firm did not test certain information that the issuer used to determine the fair value of the underlying assets. (AS 2501.09 .10 and .11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 10 For loans that the issuer assessed collectively for impairment the issuer estimated the ALL using a model that included loan charge-offs as inputs; these charge-offs were determined based in part on the fair value of the underlying assets. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the ALL because the firm did not test certain information that the issuer used to determine the fair value of the underlying assets. (AS 2501.09 .10 and .11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 11 For loans that the issuer assessed collectively for impairment the issuer estimated the ALL using a model that included loan charge-offs as inputs; these charge-offs were determined based in part on the fair value of the underlying assets. The following deficiencies were identified: · The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the ALL because the firm did not test certain information that the issuer used to determine the fair value of the underlying assets. (AS 2501.09 .10 and .11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2502 26 The issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · To evaluate the reasonableness of certain assumptions used in these cash-flow forecasts the firm compared these assumptions to both historical and industry information and identified certain differences. The firm did not perform procedures beyond inquiring of management and obtaining industry growth information used by the issuer to evaluate these differences. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2502 28 The issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · To evaluate the reasonableness of certain assumptions used in these cash-flow forecasts the firm compared these assumptions to both historical and industry information and identified certain differences. The firm did not perform procedures beyond inquiring of management and obtaining industry growth information used by the issuer to evaluate these differences. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2502 31 The issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · To evaluate the reasonableness of certain assumptions used in these cash-flow forecasts the firm compared these assumptions to both historical and industry information and identified certain differences. The firm did not perform procedures beyond inquiring of management and obtaining industry growth information used by the issuer to evaluate these differences. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2502 36 The issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · To evaluate the reasonableness of certain assumptions used in these cash-flow forecasts the firm compared these assumptions to both historical and industry information and identified certain differences. The firm did not perform procedures beyond inquiring of management and obtaining industry growth information used by the issuer to evaluate these differences. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 39 The issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · The firm did not perform procedures to test the accuracy and/or completeness of certain data and reports that (1) the issuer used to develop certain assumptions underlying these cash-flow forecasts and/or (2) the firm used in its procedures. (AS 2502.39) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2201 42 For one of these acquired businesses the firm selected for testing a control over the accounting for the business combination including the issuer's reviews of the valuation of acquired intangible assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2201 44 For one of these acquired businesses the firm selected for testing a control over the accounting for the business combination including the issuer's reviews of the valuation of acquired intangible assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2201 39 For one of these acquired businesses the firm selected for testing a control over the accounting for the business combination including the issuer's reviews of the valuation of acquired intangible assets. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Self-Insurance Reserves 1 AS 2201 42 The issuer estimated certain liabilities for self-insurance reserves using loss triangles that were developed based on the issuer's claims data. The following deficiencies were identified: · For certain types of claims the firm selected for testing two controls that included the issuer's reviews of the accuracy of the claims data from the claims systems. The firm did not evaluate the specific procedures that the control owner performed to assess the accuracy of certain attributes of these data including the claims' incident and reported dates. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Self-Insurance Reserves 1 AS 2201 44 The issuer estimated certain liabilities for self-insurance reserves using loss triangles that were developed based on the issuer's claims data. The following deficiencies were identified: · For certain types of claims the firm selected for testing two controls that included the issuer's reviews of the accuracy of the claims data from the claims systems. The firm did not evaluate the specific procedures that the control owner performed to assess the accuracy of certain attributes of these data including the claims' incident and reported dates. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Self-Insurance Reserves 2 AS 2201 39 The issuer estimated certain liabilities for self-insurance reserves using loss triangles that were developed based on the issuer's claims data. The following deficiencies were identified: · For certain other types of claims the firm did not identify and test any controls that addressed the accuracy and completeness of the claims data from the claims systems. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Self-Insurance Reserves 3 AS 2201 42 The issuer estimated certain liabilities for self-insurance reserves using loss triangles that were developed based on the issuer's claims data. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the determination of these liabilities. The firm did not evaluate the specific procedures that the control owner performed to assess the accurate development of the loss triangles. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Self-Insurance Reserves 3 AS 2201 44 The issuer estimated certain liabilities for self-insurance reserves using loss triangles that were developed based on the issuer's claims data. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the determination of these liabilities. The firm did not evaluate the specific procedures that the control owner performed to assess the accurate development of the loss triangles. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Self-Insurance Reserves 4 AS 1105 10 The issuer estimated certain liabilities for self-insurance reserves using loss triangles that were developed based on the issuer's claims data. The following deficiencies were identified: · The firm's approach to substantively test these liabilities was to review and test management's process. The firm did not perform any procedures to test or to sufficiently test controls over the accuracy of the claims data included in the loss triangles. (AS 1105.10; AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2020 United States Grant Thornton International Limited 2021-09-30T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Self-Insurance Reserves 4 AS 2501 11 The issuer estimated certain liabilities for self-insurance reserves using loss triangles that were developed based on the issuer's claims data. The following deficiencies were identified: · The firm's approach to substantively test these liabilities was to review and test management's process. The firm did not perform any procedures to test or to sufficiently test controls over the accuracy of the claims data included in the loss triangles. (AS 1105.10; AS 2501.11) Triennially Inspected 596 CohnReznick LLP 2019 United States 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls that addressed the risks that the performance obligations and transaction prices were not properly identified and that revenue was not properly recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2201.39) Unrelated and subsequent to our review the issuer reevaluated its accounting for revenue from customer contracts and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over revenue and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 596 CohnReznick LLP 2019 United States 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not identify and appropriately address a departure from GAAP related to the issuer's inclusion of unexercised and non-binding customer purchase options in its determination of revenue recognized from customer contracts which was not in conformity with FASB ASC Topic 606. (AS 2810.30) Unrelated and subsequent to our review the issuer reevaluated its accounting for revenue from customer contracts and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over revenue and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision of its report on ICFR and the firm revised and reissued its report on ICFR to include these additional material weaknesses. Triennially Inspected 596 CohnReznick LLP 2019 United States 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 46 The issuer used direct labor costs from its timekeeping system in its actual costs incurred used to determine revenue recognition. The firm tested certain information-technology ('IT') dependent manual controls that used data from the timekeeping system but the firm did not identify and test any ITGCs or other controls over the issuer's timekeeping system. As a result the firm's testing of IT dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 596 CohnReznick LLP 2019 United States 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The firm selected for testing controls that consisted of reviews of a spreadsheet used to accumulate actual costs incurred and total estimated contract costs and calculate revenue recognized by contract. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 596 CohnReznick LLP 2019 United States 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The firm selected for testing controls that consisted of reviews of a spreadsheet used to accumulate actual costs incurred and total estimated contract costs and calculate revenue recognized by contract. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 596 CohnReznick LLP 2019 United States 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 5 AS 2201 39 During the year the issuer acquired a business. The firm did not identify and test any controls over the valuation of assets acquired and liabilities assumed in a business combination. (AS 2201.39) Triennially Inspected 596 CohnReznick LLP 2019 United States 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 6 AS 2502 15 The firm did not perform any substantive procedures to test the fair value of inventory acquired in a business combination beyond obtaining a preliminary valuation report from the issuer-engaged specialist. (AS 2502.15) Triennially Inspected 596 CohnReznick LLP 2019 United States 2021-09-30T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2301 8 The firm did not perform any substantive procedures to test the existence of certain inventory acquired. (AS 2301.08) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Depreciation and Amortization 1 AS 2301 19 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not sufficiently test privileged access controls for two applications because the firm did not establish that all users with privileged access were included in the population used for the testing. In addition the firm did not test the operating effectiveness of logical access controls including privileged access for the remaining applications. (AS 2301.19 and .21) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2301 19 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not sufficiently test privileged access controls for two applications because the firm did not establish that all users with privileged access were included in the population used for the testing. In addition the firm did not test the operating effectiveness of logical access controls including privileged access for the remaining applications. (AS 2301.19 and .21) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 19 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not sufficiently test privileged access controls for two applications because the firm did not establish that all users with privileged access were included in the population used for the testing. In addition the firm did not test the operating effectiveness of logical access controls including privileged access for the remaining applications. (AS 2301.19 and .21) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Depreciation and Amortization 1 AS 2301 21 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not sufficiently test privileged access controls for two applications because the firm did not establish that all users with privileged access were included in the population used for the testing. In addition the firm did not test the operating effectiveness of logical access controls including privileged access for the remaining applications. (AS 2301.19 and .21) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2301 21 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not sufficiently test privileged access controls for two applications because the firm did not establish that all users with privileged access were included in the population used for the testing. In addition the firm did not test the operating effectiveness of logical access controls including privileged access for the remaining applications. (AS 2301.19 and .21) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 21 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not sufficiently test privileged access controls for two applications because the firm did not establish that all users with privileged access were included in the population used for the testing. In addition the firm did not test the operating effectiveness of logical access controls including privileged access for the remaining applications. (AS 2301.19 and .21) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Depreciation and Amortization 2 AS 2301 21 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not sufficiently test the operating effectiveness of change management controls because the firm did not test the accuracy and completeness of the population of modifications to applications. (AS 2301.21) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 21 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not sufficiently test the operating effectiveness of change management controls because the firm did not test the accuracy and completeness of the population of modifications to applications. (AS 2301.21) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 21 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not sufficiently test the operating effectiveness of change management controls because the firm did not test the accuracy and completeness of the population of modifications to applications. (AS 2301.21) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Depreciation and Amortization 3 AS 2301 16 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not identify and test any controls related to segregation of duties over modifications to applications. (AS 2301.16) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2301 16 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not identify and test any controls related to segregation of duties over modifications to applications. (AS 2301.16) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 16 The firm tested the design and operating effectiveness of information technology general controls ('ITGCs') over the issuer's general ledger and other systems ('applications') in order to rely on the accuracy and completeness of data produced by the applications that was used in performing the firm's substantive testing of long-lived assets depreciation and amortization and revenue. The firm selected for testing ITGCs over logical access including privileged access. The following deficiencies were identified: · The firm did not identify and test any controls related to segregation of duties over modifications to applications. (AS 2301.16) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Depreciation and Amortization 4 AS 2301 16 In performing its substantive testing the firm used data produced by the issuer and planned to test the accuracy and completeness of the data by testing relevant controls. The firm did not sufficiently test controls over the accuracy and completeness of the data given these deficiencies in its testing of ITGCs. (AS 2301.16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2301 16 In performing its substantive testing the firm used data produced by the issuer and planned to test the accuracy and completeness of the data by testing relevant controls. The firm did not sufficiently test controls over the accuracy and completeness of the data given these deficiencies in its testing of ITGCs. (AS 2301.16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2301 16 In performing its substantive testing the firm used data produced by the issuer and planned to test the accuracy and completeness of the data by testing relevant controls. The firm did not sufficiently test controls over the accuracy and completeness of the data given these deficiencies in its testing of ITGCs. (AS 2301.16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Depreciation and Amortization 4 AS 2301 18 In performing its substantive testing the firm used data produced by the issuer and planned to test the accuracy and completeness of the data by testing relevant controls. The firm did not sufficiently test controls over the accuracy and completeness of the data given these deficiencies in its testing of ITGCs. (AS 2301.16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2301 18 In performing its substantive testing the firm used data produced by the issuer and planned to test the accuracy and completeness of the data by testing relevant controls. The firm did not sufficiently test controls over the accuracy and completeness of the data given these deficiencies in its testing of ITGCs. (AS 2301.16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2301 18 In performing its substantive testing the firm used data produced by the issuer and planned to test the accuracy and completeness of the data by testing relevant controls. The firm did not sufficiently test controls over the accuracy and completeness of the data given these deficiencies in its testing of ITGCs. (AS 2301.16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Depreciation and Amortization 4 AS 2301 37 In performing its substantive testing the firm used data produced by the issuer and planned to test the accuracy and completeness of the data by testing relevant controls. The firm did not sufficiently test controls over the accuracy and completeness of the data given these deficiencies in its testing of ITGCs. (AS 2301.16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2301 37 In performing its substantive testing the firm used data produced by the issuer and planned to test the accuracy and completeness of the data by testing relevant controls. The firm did not sufficiently test controls over the accuracy and completeness of the data given these deficiencies in its testing of ITGCs. (AS 2301.16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2301 37 In performing its substantive testing the firm used data produced by the issuer and planned to test the accuracy and completeness of the data by testing relevant controls. The firm did not sufficiently test controls over the accuracy and completeness of the data given these deficiencies in its testing of ITGCs. (AS 2301.16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 2810 30 For certain inputs used in the issuer's value in use ('VIU') calculations for one of the issuer's segments the firm did not identify and evaluate the significance of a departure from applicable accounting standards related to the use of certain assumptions by the issuer to develop the inputs. (AS 2810.30 and .31) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 2810 31 For certain inputs used in the issuer's value in use ('VIU') calculations for one of the issuer's segments the firm did not identify and evaluate the significance of a departure from applicable accounting standards related to the use of certain assumptions by the issuer to develop the inputs. (AS 2810.30 and .31) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 1210 12 The firm did not test the accuracy and completeness of estimated operating costs and certain other data that the issuer provided to issuer-engaged specialists for their use in developing certain inputs. (AS 1210.12) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 7 AS 2810 30 For another segment's VIU calculations the firm did not identify and evaluate the significance of a departure from applicable accounting standards related to the issuer excluding an estimate of net cash flows if any to be received (or paid) for the disposal of that segment's long-lived assets at the end of their useful lives. (AS 2810.30) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 8 AS 2301 8 The firm selected a sample of additions to long-lived assets. The firm did not test certain transactions selected for testing. In addition with respect to assets under construction the firm did not test the existence of these assets and the status of the projects including whether the construction had been delayed or suspended which could indicate potential impairment. (AS 2301.08) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 9 AS 2301 8 The firm did not perform sufficient procedures to test disposals because it limited its procedures to testing the authorization of each disposal selected for testing. (AS 2301.08 .16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 9 AS 2301 16 The firm did not perform sufficient procedures to test disposals because it limited its procedures to testing the authorization of each disposal selected for testing. (AS 2301.08 .16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 9 AS 2301 18 The firm did not perform sufficient procedures to test disposals because it limited its procedures to testing the authorization of each disposal selected for testing. (AS 2301.08 .16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 9 AS 2301 37 The firm did not perform sufficient procedures to test disposals because it limited its procedures to testing the authorization of each disposal selected for testing. (AS 2301.08 .16 .18 and .37) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Depreciation and Amortization 10 AS 2810 30 The firm did not identify and evaluate the significance of a departure from applicable accounting standards related to the use of certain assumptions by the issuer to develop certain inputs used to calculate depreciation and amortization. (AS 2810.30 and .31) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Depreciation and Amortization 10 AS 2810 31 The firm did not identify and evaluate the significance of a departure from applicable accounting standards related to the use of certain assumptions by the issuer to develop certain inputs used to calculate depreciation and amortization. (AS 2810.30 and .31) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Depreciation and Amortization 11 AS 1210 12 The firm did not test the accuracy and completeness of estimated operating and other costs that the issuer provided to issuer-engaged specialists for their use in developing certain inputs which were used in the depreciation and amortization calculations. (AS 1210.12) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 12 AS 2301 8 The issuer recognized certain revenue at the time risk of loss was transferred to the customer and also recorded subsequent adjustments to revenue based on information related to quality issues and the final sales price. The following deficiencies were identified: · The firm selected a sample of sales transactions during the year to test. The firm did not test the prices or evaluate the terms and conditions. (AS 2301.08) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 13 AS 2301 8 The issuer recognized certain revenue at the time risk of loss was transferred to the customer and also recorded subsequent adjustments to revenue based on information related to quality issues and the final sales price. The following deficiencies were identified: · The firm did not test any adjustments made in the fourth quarter. (AS 2301.08) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 14 AS 2301 8 The issuer recognized certain revenue at the time risk of loss was transferred to the customer and also recorded subsequent adjustments to revenue based on information related to quality issues and the final sales price. The following deficiencies were identified: · The firm selected a sample of sales transactions to test cut-off. The firm did not test certain transactions selected for testing. (AS 2301.08) Triennially Inspected 1377 Castillo Miranda y Compañía, S.C. 2019 Mexico BDO International Limited 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 15 AS 2301 8 The issuer disclosed that inventory was subject to the risk of asset misappropriation by both internal and external parties. The firm did not identify this risk or perform any procedures to address this risk. (AS 2301.08) Triennially Inspected 1930 MNP LLP 2019 Canada 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 Other Non-PCAOB Standards The issuer engaged an external specialist to estimate the fair value of certain investment securities. The securities had a publicly available quoted price on the last business day prior to year end. The firm did not evaluate the difference between the estimated fair value of the securities determined by the external specialist and the publicly quoted price. (CAS3 500.11; CAS 540.15 and 18) Triennially Inspected 1930 MNP LLP 2019 Canada 2021-09-30T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 2 Other Non-PCAOB Standards The issuer engaged an external specialist to determine the fair value of intangible assets acquired in a business combination. The firm did not sufficiently evaluate the financial projections used to value the acquired intangible assets because it limited its procedures to (1) inquiring of management (2) comparing projected sales prices to current sales prices without performing procedures to evaluate whether the current sales prices represented a reasonable expectation of future sales prices and (3) comparing the projected sales quantities to certain industry information without performing procedures to evaluate the relevance and reliability of that industry information. (CAS 500.07 and 08; CAS 540.15 and 18) Triennially Inspected 1930 MNP LLP 2019 Canada 2021-09-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2301 8 For revenue from certain services the firm's testing of revenue consisted primarily of vouching cash receipts. The firm however did not evaluate whether revenue was appropriately recognized under FASB IFRS 15 Revenue from Contracts with Customers. (AS 2301.08; AS 2810.30) Triennially Inspected 1930 MNP LLP 2019 Canada 2021-09-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2810 30 For revenue from certain services the firm's testing of revenue consisted primarily of vouching cash receipts. The firm however did not evaluate whether revenue was appropriately recognized under FASB IFRS 15 Revenue from Contracts with Customers. (AS 2301.08; AS 2810.30) Triennially Inspected 1930 MNP LLP 2019 Canada 2021-09-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 8 The issuer had a contract dispute with a vendor who provided certain services to the issuer's customers on behalf of the issuer. The firm did not perform procedures to (1) understand and evaluate the nature of the dispute and (2) obtain evidence to support the issuer's conclusion on recognizing revenue based on its assessment that the vendor continued to provide the underlying service to the issuer's customers even though the issuer had stopped paying the vendor for such services due to the dispute. (AS 2301.08) Triennially Inspected 1930 MNP LLP 2019 Canada 2021-09-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Estimate 3 AS 2501 9 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not perform procedures to test the assumptions related to forecasts of future economic conditions used by the issuer to determine the estimate. Further the firm did not evaluate the issuer's omission of recent information from the assumptions beyond obtaining representation from management that the activity from that period was not representative of conditions at year end. (AS 2501.09 .10 and .11) Triennially Inspected 1930 MNP LLP 2019 Canada 2021-09-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Estimate 3 AS 2501 10 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not perform procedures to test the assumptions related to forecasts of future economic conditions used by the issuer to determine the estimate. Further the firm did not evaluate the issuer's omission of recent information from the assumptions beyond obtaining representation from management that the activity from that period was not representative of conditions at year end. (AS 2501.09 .10 and .11) Triennially Inspected 1930 MNP LLP 2019 Canada 2021-09-30T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Estimate 3 AS 2501 11 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not perform procedures to test the assumptions related to forecasts of future economic conditions used by the issuer to determine the estimate. Further the firm did not evaluate the issuer's omission of recent information from the assumptions beyond obtaining representation from management that the activity from that period was not representative of conditions at year end. (AS 2501.09 .10 and .11) Triennially Inspected 149 Elliott Davis, LLC 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of certain loans based on risk indicators including an identification of problem loans which operated during the first seven months of the year. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 149 Elliott Davis, LLC 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of certain loans based on risk indicators including an identification of problem loans which operated during the first seven months of the year. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 149 Elliott Davis, LLC 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of certain loans based on risk indicators including an identification of problem loans which operated during the first seven months of the year. The firm did not identify and test any controls over the issuer's review of loans for the last five months of the year. (AS 2201.39) Triennially Inspected 149 Elliott Davis, LLC 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2501 9 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform sufficient procedures to evaluate the reasonableness of the ALL because the firm did not perform procedures to test certain factors and assumptions used by the issuer to determine the qualitative component of the ALL. (AS 2501.09 .10 and .11) Triennially Inspected 149 Elliott Davis, LLC 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2501 10 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform sufficient procedures to evaluate the reasonableness of the ALL because the firm did not perform procedures to test certain factors and assumptions used by the issuer to determine the qualitative component of the ALL. (AS 2501.09 .10 and .11) Triennially Inspected 149 Elliott Davis, LLC 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2501 11 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not perform sufficient procedures to evaluate the reasonableness of the ALL because the firm did not perform procedures to test certain factors and assumptions used by the issuer to determine the qualitative component of the ALL. (AS 2501.09 .10 and .11) Triennially Inspected 149 Elliott Davis, LLC 2019 United States 2021-09-21T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Investments 1 AS 2201 42 The firm selected for testing a control that included the issuer's review of the comparison of fair values of certain investments provided by external parties for one investment from each investment type held by the issuer. The firm did not evaluate whether the control could effectively prevent or detect a material misstatement as designed. Further the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 149 Elliott Davis, LLC 2019 United States 2021-09-21T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Investments 1 AS 2201 44 The firm selected for testing a control that included the issuer's review of the comparison of fair values of certain investments provided by external parties for one investment from each investment type held by the issuer. The firm did not evaluate whether the control could effectively prevent or detect a material misstatement as designed. Further the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 149 Elliott Davis, LLC 2019 United States 2021-09-21T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Investments 2 AS 2201 39 The firm did not identify and test any controls over the appropriateness of the classification of investments. (AS 2201.39) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 1 AS 2301 19 The firm selected for testing certain controls related to the issuer's reviews of a significant estimate. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 1 AS 2301 21 The firm selected for testing certain controls related to the issuer's reviews of a significant estimate. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 2 AS 2301 19 The firm selected for testing certain controls related to the issuer's reviews of a significant estimate. The firm did not test the design and operating effectiveness of other controls because the firm selected transactions from reports that were not used in the operation of the controls. (AS 2301.19 and .21) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 2 AS 2301 21 The firm selected for testing certain controls related to the issuer's reviews of a significant estimate. The firm did not test the design and operating effectiveness of other controls because the firm selected transactions from reports that were not used in the operation of the controls. (AS 2301.19 and .21) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 3 AS 2301 29 The firm selected for testing a quarterly control over portions of the estimate. The firm tested this control through the second quarter but did not perform any procedures to update the results of its testing from that interim date to the issuer's year end. (AS 2301.29) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 4 AS 2301 34 The firm identified control deficiencies in its testing of certain controls but did not evaluate the severity of the deficiencies and their effect on its control risk assessment. (AS 2301.34) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 5 AS 2601 14 The firm obtained and evaluated the service auditor's report for the issuer's system used to process and record transactions related to this estimate. The firm identified and tested certain controls intended to address complementary user entity controls included in the service auditor's report. The firm identified deficiencies in these controls and identified and tested other controls that it believed mitigated these deficiencies. The firm however did not identify that the other controls did not address the same risks as the deficient controls. (AS 2601.14) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 6 AS 2501 9 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not perform procedures to test certain assumptions used by the issuer to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 6 AS 2501 10 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not perform procedures to test certain assumptions used by the issuer to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 6 AS 2501 11 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not perform procedures to test certain assumptions used by the issuer to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 7 AS 1105 10 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not test or in the alternative test any controls over the accuracy and completeness of certain data used to determine the estimate. (AS 1105.10; AS 2501.11) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 7 AS 2501 11 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not test or in the alternative test any controls over the accuracy and completeness of certain data used to determine the estimate. (AS 1105.10; AS 2501.11) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 8 AS 2301 16 The firm performed substantive procedures to test certain factors used by the issuer to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in those procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 8 AS 2301 18 The firm performed substantive procedures to test certain factors used by the issuer to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in those procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 8 AS 2301 37 The firm performed substantive procedures to test certain factors used by the issuer to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in those procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 8 AS 2315 19 The firm performed substantive procedures to test certain factors used by the issuer to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in those procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 8 AS 2315 23 The firm performed substantive procedures to test certain factors used by the issuer to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in those procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 8 AS 2315 23A The firm performed substantive procedures to test certain factors used by the issuer to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in those procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 9 AS 2501 9 The firm performed substantive procedures to test certain factors used by the issuer to determine the estimate. The following deficiencies were identified: · The firm did not evaluate differences it identified in its substantive testing of certain data used by the issuer to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 9 AS 2501 10 The firm performed substantive procedures to test certain factors used by the issuer to determine the estimate. The following deficiencies were identified: · The firm did not evaluate differences it identified in its substantive testing of certain data used by the issuer to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimate 9 AS 2501 11 The firm performed substantive procedures to test certain factors used by the issuer to determine the estimate. The following deficiencies were identified: · The firm did not evaluate differences it identified in its substantive testing of certain data used by the issuer to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 10 AS 2301 19 The firm selected for testing controls related to the issuer's review of a certain liability account. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 10 AS 2301 21 The firm selected for testing controls related to the issuer's review of a certain liability account. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 11 AS 2301 34 In addition the firm identified control deficiencies in its testing of one control but did not evaluate the severity of the deficiencies and their effect on its control risk assessment. (AS 2301.34) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 12 AS 2601 14 The firm obtained and evaluated the service auditor's report for the issuer's system used to process and record transactions related to this liability. The firm identified and tested certain controls intended to address complementary user entity controls included in the service auditor's report. The firm identified deficiencies in these controls and identified and selected for testing a compensating control to address these deficiencies. The firm did not assess and evaluate the effect of the identified control deficiencies as the compensating control selected for testing is one of the controls described above related to the firm not evaluating review procedures performed by the control owners. (AS 2601.14) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 13 AS 2310 20 The firm's approach for substantively testing this liability account consisted of sending negative confirmation requests. The firm's procedures did not provide sufficient appropriate audit evidence because the use of negative confirmations was not supported by the firm's risk assessment. (AS 2310.20) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 14 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this liability account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 14 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this liability account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 14 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this liability account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 14 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this liability account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 14 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this liability account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Liabilities 14 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this liability account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 15 AS 2502 43 The firm did not test the presentation and disclosure of certain significant accounts beyond testing the mathematical accuracy of the issuer's calculations. (AS 2502.43) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2301 8 The firm's approach to test revenue included confirming amounts billed with a sample of the issuer's customers. For confirmations received the firm did not perform procedures to test whether the performance obligations were satisfied to recognize revenue. (AS 2301.08) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 1105 10 The firm's approach to test revenue included confirming amounts billed with a sample of the issuer's customers. The firm did not test the accuracy and completeness of the data and reports used in determining if the performance obligation was satisfied for (1) confirmation responses that were not received and (2) other revenue transactions tested where confirmations were not requested. (AS 1105.10) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2301 13 The firm identified a fraud risk related to overstatement and completeness of revenue. The firm did not perform sufficient tests of details in response to the fraud risk because it limited its procedures to confirming amounts billed and testing other revenue transactions as discussed above. (AS 2301.13) Unrelated and prior to our review the issuer reevaluated its accounting for revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2501 7 The firm did not sufficiently test the issuer's allowance for doubtful accounts because it limited its procedures to calculating the (1) allowance for doubtful accounts as a percentage of total accounts receivable and (2) percentage of accounts receivable in each aging bucket. (AS 2501.07) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets 5 AS 1210 12 The issuer acquired a business during the year and engaged an external specialist to determine the fair value of the intangible assets. The firm did not perform procedures to test the reasonableness of the issuer's forecasts used by the external specialist. (AS 1210.12) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Parties 6 AS 2410 14 The firm did not perform sufficient procedures to evaluate whether the issuer properly identified its related parties and relationships and transactions with related parties because the firm did not take into account information gathered during the audit. (AS 2410.14) Triennially Inspected 402 Squar Milner LLP 2019 United States 2021-09-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 2301 8 During the year the issuer acquired several properties. The firm did not evaluate whether the existing leases on these acquired properties were properly classified. (AS 2301.08) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer processed and recorded revenue transactions using its general ledger system. The firm tested certain automated and information technology ('IT')-dependent manual controls that used data and reports generated by or maintained in the general ledger system. The firm's approach to test the accuracy and completeness of these data and reports depended on effective IT general controls ('ITGCs'). In response to an ineffective ITGC over the issuer's general ledger system the firm selected for testing a compensating control that consisted of a review of system changes. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .68) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 The issuer processed and recorded revenue transactions using its general ledger system. The firm tested certain automated and information technology ('IT')-dependent manual controls that used data and reports generated by or maintained in the general ledger system. The firm's approach to test the accuracy and completeness of these data and reports depended on effective IT general controls ('ITGCs'). In response to an ineffective ITGC over the issuer's general ledger system the firm selected for testing a compensating control that consisted of a review of system changes. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .68) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing two controls over the review of revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not perform procedures to test whether the controls were operating as designed. (AS 2201.42 and .44) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing two controls over the review of revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. Further the firm did not perform procedures to test whether the controls were operating as designed. (AS 2201.42 and .44) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm selected a sample of transactions to test that revenue was appropriately recognized. In its sample the firm did not test certain aspects of the transactions including valuation. (AS 2301.08) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Receivables 4 AS 1105 10 The firm sent positive confirmation requests as of an interim date. The firm did not test or in the alternative identify and test controls over the completeness of the listing used to make its selections for confirmation. (AS 1105.10) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Receivables 5 AS 1105 10 The firm performed alternative procedures for confirmations that were not returned by comparing selected amounts to a report of subsequent cash receipts compiled by the firm using issuer data. The firm did not test or in the alternative identify and test controls over the accuracy and completeness of the issuer data the firm used to compile the cash receipts report. (AS 1105.10; AS 2310.33) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Receivables 5 AS 2310 33 The firm performed alternative procedures for confirmations that were not returned by comparing selected amounts to a report of subsequent cash receipts compiled by the firm using issuer data. The firm did not test or in the alternative identify and test controls over the accuracy and completeness of the issuer data the firm used to compile the cash receipts report. (AS 1105.10; AS 2310.33) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Receivables 6 AS 1105 10 The firm did not test or in the alternative identify and test controls over the accuracy and completeness of the issuer data used in its roll forward procedures performed from the date of confirmation to year end. (AS 1105.10) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing several controls that consisted of reviews of aspects of the issuer's loan portfolio to evaluate the reasonableness of loan grades and the identification of problem loans that management used in its evaluation of the ALL. The firm did not evaluate the specific criteria the control owners used to identify individual loans for follow up and whether loans meeting such criteria were identified for investigation and resolved. (AS 2201.42 and .44) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing several controls that consisted of reviews of aspects of the issuer's loan portfolio to evaluate the reasonableness of loan grades and the identification of problem loans that management used in its evaluation of the ALL. The firm did not evaluate the specific criteria the control owners used to identify individual loans for follow up and whether loans meeting such criteria were identified for investigation and resolved. (AS 2201.42 and .44) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deposits 2 AS 2605 20 The firm used the results from internal audit ('IA')'s deposit confirmation testing for certain deposit accounts. The firm did not test any of the work performed by IA. (AS 2605.20-.21 .24 and .26) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deposits 2 AS 2605 21 The firm used the results from internal audit ('IA')'s deposit confirmation testing for certain deposit accounts. The firm did not test any of the work performed by IA. (AS 2605.20-.21 .24 and .26) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deposits 2 AS 2605 24 The firm used the results from internal audit ('IA')'s deposit confirmation testing for certain deposit accounts. The firm did not test any of the work performed by IA. (AS 2605.20-.21 .24 and .26) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deposits 2 AS 2605 26 The firm used the results from internal audit ('IA')'s deposit confirmation testing for certain deposit accounts. The firm did not test any of the work performed by IA. (AS 2605.20-.21 .24 and .26) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Investments 1 AS 2315 24 The firm did not perform sufficient procedures to test investments because it selected for testing underlying investments from the issuer's two largest funds which was not representative of the population of investments. (AS 2315.24) Triennially Inspected 686 BKD, LLP 2019 United States 2021-09-21T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Loans 1 AS 2301 8 The firm's approach for testing the issuer's loan portfolio consisted of sending positive confirmation requests for loans greater than a certain amount and negative confirmation requests for a sample of loans below that threshold. For loans below the threshold the firm did not perform any other procedures to test the existence of those loans. (AS 2301.08) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The issuer generated two types of revenue ('Revenue A' and 'Revenue B'). The following deficiencies were identified: · The firm did not perform any procedures to test Revenue A. (AS 2301.08) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 16 The issuer generated two types of revenue ('Revenue A' and 'Revenue B'). The following deficiencies were identified: · In selecting its sample of items to test Revenue B the firm did not determine whether it was appropriate to select items from accounts receivable activity reports that may not have included a complete population of revenue transactions for the year. Further in determining the sample size the firm did not take into account the relevant factors including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 .23A and .24) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 23 The issuer generated two types of revenue ('Revenue A' and 'Revenue B'). The following deficiencies were identified: · In selecting its sample of items to test Revenue B the firm did not determine whether it was appropriate to select items from accounts receivable activity reports that may not have included a complete population of revenue transactions for the year. Further in determining the sample size the firm did not take into account the relevant factors including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 .23A and .24) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 24 The issuer generated two types of revenue ('Revenue A' and 'Revenue B'). The following deficiencies were identified: · In selecting its sample of items to test Revenue B the firm did not determine whether it was appropriate to select items from accounts receivable activity reports that may not have included a complete population of revenue transactions for the year. Further in determining the sample size the firm did not take into account the relevant factors including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 .23A and .24) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 23A The issuer generated two types of revenue ('Revenue A' and 'Revenue B'). The following deficiencies were identified: · In selecting its sample of items to test Revenue B the firm did not determine whether it was appropriate to select items from accounts receivable activity reports that may not have included a complete population of revenue transactions for the year. Further in determining the sample size the firm did not take into account the relevant factors including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 .23A and .24) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 30 The issuer generated two types of revenue ('Revenue A' and 'Revenue B'). The following deficiencies were identified: · The firm did not perform any procedures to evaluate the appropriateness of the issuer's financial statement presentation of revenue on a gross versus net basis. (AS 2810.30) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Liabilities 4 AS 2410 11 Certain of the issuer's recorded liabilities were due to a related party or entities controlled by that related party. The firm did not perform any procedures to test liabilities due to the related party or entities controlled by the related party. Further the firm did not test beyond comparing certain of these amounts to the general ledger the disclosures related to these related party transactions. (AS 2410.11 and .17; AS 2810.30 and .31) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Liabilities 4 AS 2410 17 Certain of the issuer's recorded liabilities were due to a related party or entities controlled by that related party. The firm did not perform any procedures to test liabilities due to the related party or entities controlled by the related party. Further the firm did not test beyond comparing certain of these amounts to the general ledger the disclosures related to these related party transactions. (AS 2410.11 and .17; AS 2810.30 and .31) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Liabilities 4 AS 2810 30 Certain of the issuer's recorded liabilities were due to a related party or entities controlled by that related party. The firm did not perform any procedures to test liabilities due to the related party or entities controlled by the related party. Further the firm did not test beyond comparing certain of these amounts to the general ledger the disclosures related to these related party transactions. (AS 2410.11 and .17; AS 2810.30 and .31) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Liabilities 4 AS 2810 31 Certain of the issuer's recorded liabilities were due to a related party or entities controlled by that related party. The firm did not perform any procedures to test liabilities due to the related party or entities controlled by the related party. Further the firm did not test beyond comparing certain of these amounts to the general ledger the disclosures related to these related party transactions. (AS 2410.11 and .17; AS 2810.30 and .31) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Derivatives 1 AS 2502 18 The issuer recorded a derivative liability and determined the fair value of the derivative liability using an option pricing model. The firm did not consider the variability of a certain provision and the issuer's ability to settle the transactions in evaluating whether the use of this model was appropriate and consistent with GAAP and related SEC guidance. (AS 2502.18) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 2810 30 The firm did not determine whether certain other instruments should have been accounted for as paid-in capital in conformity with FASB ASC Subtopic 470-20 Debt with Conversion and Other Options. (AS 2810.30) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Stock-Based Compensation 1 AS 2502 26 The issuer issued common stock for services and recognized stock-based compensation. The firm did not evaluate the reasonableness of a discount the issuer applied to the market price when valuing certain stock-based compensation. (AS 2502.26 and .28) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Stock-Based Compensation 1 AS 2502 28 The issuer issued common stock for services and recognized stock-based compensation. The firm did not evaluate the reasonableness of a discount the issuer applied to the market price when valuing certain stock-based compensation. (AS 2502.26 and .28) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Stock-Based Compensation 2 AS 2502 26 The issuer issued common stock for services and recognized stock-based compensation. The firm did not perform sufficient procedures to test the valuation of certain other stock-based compensation because it limited its procedures to comparing the issuer's valuation to another public filing. (AS 2502.26 and .28) Triennially Inspected 822 Michael T. Studer CPA P.C. 2019 United States 2021-09-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Stock-Based Compensation 2 AS 2502 28 The issuer issued common stock for services and recognized stock-based compensation. The firm did not perform sufficient procedures to test the valuation of certain other stock-based compensation because it limited its procedures to comparing the issuer's valuation to another public filing. (AS 2502.26 and .28) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2019 Israel BDO International Limited 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Trade Receivables 1 AS 2301 16 To reduce the extent of its substantive procedures over revenue and trade receivables the firm selected for testing certain controls over unauthorized access to the sales system changes in credit limits and commercial conditions of customers monitoring of customer credit ratings and collectability of outstanding receivables approval of the allowance for doubtful accounts journal entry approval of product price changes and discounts and review and approval of allowances for returned goods and credits. The sample sizes the firm used to test revenue and trade receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the occurrence and completeness of revenue and the existence of trade receivables. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2019 Israel BDO International Limited 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Trade Receivables 1 AS 2301 18 To reduce the extent of its substantive procedures over revenue and trade receivables the firm selected for testing certain controls over unauthorized access to the sales system changes in credit limits and commercial conditions of customers monitoring of customer credit ratings and collectability of outstanding receivables approval of the allowance for doubtful accounts journal entry approval of product price changes and discounts and review and approval of allowances for returned goods and credits. The sample sizes the firm used to test revenue and trade receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the occurrence and completeness of revenue and the existence of trade receivables. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2019 Israel BDO International Limited 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Trade Receivables 1 AS 2301 37 To reduce the extent of its substantive procedures over revenue and trade receivables the firm selected for testing certain controls over unauthorized access to the sales system changes in credit limits and commercial conditions of customers monitoring of customer credit ratings and collectability of outstanding receivables approval of the allowance for doubtful accounts journal entry approval of product price changes and discounts and review and approval of allowances for returned goods and credits. The sample sizes the firm used to test revenue and trade receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the occurrence and completeness of revenue and the existence of trade receivables. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2019 Israel BDO International Limited 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Trade Receivables 1 AS 2315 19 To reduce the extent of its substantive procedures over revenue and trade receivables the firm selected for testing certain controls over unauthorized access to the sales system changes in credit limits and commercial conditions of customers monitoring of customer credit ratings and collectability of outstanding receivables approval of the allowance for doubtful accounts journal entry approval of product price changes and discounts and review and approval of allowances for returned goods and credits. The sample sizes the firm used to test revenue and trade receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the occurrence and completeness of revenue and the existence of trade receivables. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2019 Israel BDO International Limited 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Trade Receivables 1 AS 2315 23 To reduce the extent of its substantive procedures over revenue and trade receivables the firm selected for testing certain controls over unauthorized access to the sales system changes in credit limits and commercial conditions of customers monitoring of customer credit ratings and collectability of outstanding receivables approval of the allowance for doubtful accounts journal entry approval of product price changes and discounts and review and approval of allowances for returned goods and credits. The sample sizes the firm used to test revenue and trade receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the occurrence and completeness of revenue and the existence of trade receivables. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2019 Israel BDO International Limited 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Trade Receivables 1 AS 2315 23A To reduce the extent of its substantive procedures over revenue and trade receivables the firm selected for testing certain controls over unauthorized access to the sales system changes in credit limits and commercial conditions of customers monitoring of customer credit ratings and collectability of outstanding receivables approval of the allowance for doubtful accounts journal entry approval of product price changes and discounts and review and approval of allowances for returned goods and credits. The sample sizes the firm used to test revenue and trade receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as the firm did not identify and test any controls over the occurrence and completeness of revenue and the existence of trade receivables. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5732 Spiegel Accountancy Corp 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Discontinued Operations 1 AS 2810 30 The firm did not identify and appropriately address a departure from GAAP related to certain expenses that should have been presented in the issuer's financial statements as part of loss from discontinued operations in conformity with FASB ASC Topic 205-20 Discontinued Operations. (AS 2810.30 and .31) Triennially Inspected 5732 Spiegel Accountancy Corp 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Discontinued Operations 1 AS 2810 31 The firm did not identify and appropriately address a departure from GAAP related to certain expenses that should have been presented in the issuer's financial statements as part of loss from discontinued operations in conformity with FASB ASC Topic 205-20 Discontinued Operations. (AS 2810.30 and .31) Triennially Inspected 5732 Spiegel Accountancy Corp 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Discontinued Operations 2 AS 2301 8 The firm did not perform any procedures to test a significant portion of expenses classified as a loss from discontinued operations. (AS 2301.08) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Acquisition 1 AS 2810 30 The issuer acquired a business during the year. The issuer recorded the transaction as a business combination including recording goodwill but disclosed that the transaction had been accounted for as an asset acquisition. The firm did not identify and evaluate the effect on the issuer's financial statements of a GAAP departure related to either the issuer's accounting treatment or disclosure of this transaction. Specifically the firm did not evaluate whether the acquisition met the conditions to be accounted for as a business combination or asset acquisition in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2810 30 The firm did not identify and appropriately address a departure from GAAP related to the omission of disclosures required by FASB ASC Topic 235 Notes to Financial Statements and FASB ASC Topic 606 Revenue from Contracts with Customers including the issuer's accounting policy for recording revenue in accordance with FASB ASC Topic 606; qualitative and quantitative information about its contracts with customers the significant judgments and changes in judgments made in applying the guidance in FASB ASC Topic 606 to those contracts; and any assets recognized from the costs to obtain or fulfill a contract with a customer. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Acquisition 1 AS 2810 31 The issuer acquired a business during the year. The issuer recorded the transaction as a business combination including recording goodwill but disclosed that the transaction had been accounted for as an asset acquisition. The firm did not identify and evaluate the effect on the issuer's financial statements of a GAAP departure related to either the issuer's accounting treatment or disclosure of this transaction. Specifically the firm did not evaluate whether the acquisition met the conditions to be accounted for as a business combination or asset acquisition in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2810 31 The firm did not identify and appropriately address a departure from GAAP related to the omission of disclosures required by FASB ASC Topic 235 Notes to Financial Statements and FASB ASC Topic 606 Revenue from Contracts with Customers including the issuer's accounting policy for recording revenue in accordance with FASB ASC Topic 606; qualitative and quantitative information about its contracts with customers the significant judgments and changes in judgments made in applying the guidance in FASB ASC Topic 606 to those contracts; and any assets recognized from the costs to obtain or fulfill a contract with a customer. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2301 8 The firm did not sufficiently test revenue because it limited its procedures to comparing sales to cash deposits and did not evaluate whether all performance obligations were satisfied prior to the recognition of revenue. (AS 2301.08) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Acquisition 2 AS 2502 26 The issuer recorded certain acquired intangible assets inventory and fixed assets. The firm did not test certain assumptions used by external specialists to estimate the fair values of the acquired intangible assets and inventory. (AS 2502.26 and .28) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Acquisition 2 AS 2502 28 The issuer recorded certain acquired intangible assets inventory and fixed assets. The firm did not test certain assumptions used by external specialists to estimate the fair values of the acquired intangible assets and inventory. (AS 2502.26 and .28) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Acquisition 3 AS 1210 12 The issuer recorded certain acquired intangible assets inventory and fixed assets. The firm did not test issuer-provided data used by the external specialist to estimate the fair values of the acquired intangible assets. (AS 1210.12) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Acquisition 4 AS 2502 15 The issuer recorded certain acquired intangible assets inventory and fixed assets. The firm did not test the fair value of the acquired fixed assets. (AS 2502.15) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Acquisition 5 AS 2810 3 The firm did not evaluate whether the intangible assets were appropriately recorded as indefinite-lived including not considering contradictory evidence that indicated that certain of the intangible assets had finite lives. (AS 2810.03 and .30) Triennially Inspected 6235 Dylan Floyd Accounting & Consulting 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Acquisition 5 AS 2810 30 The firm did not evaluate whether the intangible assets were appropriately recorded as indefinite-lived including not considering contradictory evidence that indicated that certain of the intangible assets had finite lives. (AS 2810.03 and .30) Triennially Inspected 6283 Wang Certified Public Accountant, P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 1 AS 2410 17 The firm did not identify and appropriately address a departure from GAAP related to the financial statement presentation and disclosures associated with the issuer's transactions with related parties. The issuer's financial statements did not disclose the nature of the relationships and a description and dollar amount of related party transactions as required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6283 Wang Certified Public Accountant, P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 1 AS 2810 30 The firm did not identify and appropriately address a departure from GAAP related to the financial statement presentation and disclosures associated with the issuer's transactions with related parties. The issuer's financial statements did not disclose the nature of the relationships and a description and dollar amount of related party transactions as required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6283 Wang Certified Public Accountant, P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 1 AS 2810 31 The firm did not identify and appropriately address a departure from GAAP related to the financial statement presentation and disclosures associated with the issuer's transactions with related parties. The issuer's financial statements did not disclose the nature of the relationships and a description and dollar amount of related party transactions as required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Triennially Inspected 6283 Wang Certified Public Accountant, P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2410 12 The firm did not perform any procedures to test the identified transactions with related parties including the amounts receivable at year end beyond sending confirmation requests to certain related parties. (AS 2410.12) Triennially Inspected 6283 Wang Certified Public Accountant, P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2310 31 The firm did not apply alternative procedures to the nonresponses to the confirmation requests. (AS 2310.31) Triennially Inspected 6283 Wang Certified Public Accountant, P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2810 30 The firm did not identify and appropriately address departures from GAAP related to the financial statement presentation and disclosures associated with the issuer's intangible assets. The issuer included an inaccurate disclosure in the notes to the financial statements that an impairment loss related to the intangibles had been recorded when in fact the issuer had not recorded an impairment. Further the issuer did not disclose the estimated aggregate amortization expense for each of the five succeeding fiscal years as required by FASB ASC Topic 350 Intangibles — Goodwill and Other and did not reflect the related amortization expense as part of the reconciliation of net income and net cash flow from operating activities in its statement of cash flows as required by FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Triennially Inspected 6283 Wang Certified Public Accountant, P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2810 31 The firm did not identify and appropriately address departures from GAAP related to the financial statement presentation and disclosures associated with the issuer's intangible assets. The issuer included an inaccurate disclosure in the notes to the financial statements that an impairment loss related to the intangibles had been recorded when in fact the issuer had not recorded an impairment. Further the issuer did not disclose the estimated aggregate amortization expense for each of the five succeeding fiscal years as required by FASB ASC Topic 350 Intangibles — Goodwill and Other and did not reflect the related amortization expense as part of the reconciliation of net income and net cash flow from operating activities in its statement of cash flows as required by FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Triennially Inspected 6283 Wang Certified Public Accountant, P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets 5 AS 2301 8 Apart from recalculating amortization expense the firm did not perform any procedures to test intangible assets. (AS 2301.08) Triennially Inspected 6283 Wang Certified Public Accountant, P.C. 2019 United States 2021-09-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 6 AS 2301 8 For the sales transactions selected for testing the firm did not perform procedures to test whether all of the relevant revenue recognition criteria had been met. (AS 2301.08) Triennially Inspected 1212 K. R. Margetson Ltd. 2019 Canada 2021-09-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 1 AS 2502 15 The issuer acquired intangible assets from a related party. The firm did not perform any procedures to test the fair value of these intangible assets. (AS 2502.15) Triennially Inspected 1212 K. R. Margetson Ltd. 2019 Canada 2021-09-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2810 30 The firm did not perform procedures to evaluate whether the intangible assets were acquired in a transaction between entities under common control in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30) Triennially Inspected 1212 K. R. Margetson Ltd. 2019 Canada 2021-09-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2410 17 The firm did not identify or appropriately address a GAAP departure related to the omission of certain disclosures required by FASB ASC Topic 850 Related Party Disclosures regarding the nature of the relationship between the issuer and the related party. (AS 2410.17) Triennially Inspected 3312 Saturna Group Chartered Professional Accountants LLP 2019 Canada 2021-09-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not perform procedures to evaluate whether the issuer's revenue recognition was in conformity with GAAP. (AS 2810.30) Triennially Inspected 3312 Saturna Group Chartered Professional Accountants LLP 2019 Canada 2021-09-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of certain disclosures required by GAAP. (AS 2810.30 and .31) Triennially Inspected 3312 Saturna Group Chartered Professional Accountants LLP 2019 Canada 2021-09-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of certain disclosures required by GAAP. (AS 2810.30 and .31) Triennially Inspected 3312 Saturna Group Chartered Professional Accountants LLP 2019 Canada 2021-09-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 1210 12 The issuer engaged a specialist to determine the fair value of certain long-lived assets for use in the issuer's impairment analysis. The firm did not evaluate the following assumptions underlying the expected future cash flows that the issuer provided to the specialist: (1) the revenue gross profit margin and operating expense projections beyond the first year and (2) the period of the expected future cash flows which was different from the remaining estimated useful life of the assets. Further the firm did not evaluate the effects of the negative contribution margin in the current year on the operating expense projections. (AS 1210.12; AS 2810.03) Triennially Inspected 3312 Saturna Group Chartered Professional Accountants LLP 2019 Canada 2021-09-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 3 The issuer engaged a specialist to determine the fair value of certain long-lived assets for use in the issuer's impairment analysis. The firm did not evaluate the following assumptions underlying the expected future cash flows that the issuer provided to the specialist: (1) the revenue gross profit margin and operating expense projections beyond the first year and (2) the period of the expected future cash flows which was different from the remaining estimated useful life of the assets. Further the firm did not evaluate the effects of the negative contribution margin in the current year on the operating expense projections. (AS 1210.12; AS 2810.03) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 42 During the year the issuer acquired certain businesses and used an external specialist to determine the fair value of acquired intangible assets. The firm selected for testing three controls that consisted of reviews over (1) management's assumptions used by the external specialist (2) the valuation reports prepared by the external specialist and (3) acquisition accounting memoranda. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 44 During the year the issuer acquired certain businesses and used an external specialist to determine the fair value of acquired intangible assets. The firm selected for testing three controls that consisted of reviews over (1) management's assumptions used by the external specialist (2) the valuation reports prepared by the external specialist and (3) acquisition accounting memoranda. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 1210 12 The firm's approach for testing the fair value of acquired intangible assets was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions and issuer-developed projected revenue provided to the external specialist and used in the valuation of the acquired intangible assets because its procedures were limited to inquiry of management reading the issuer-prepared acquisition accounting memoranda and comparing projected revenue to current year results without performing procedures to evaluate whether the issuer's current year results would be representative of the issuer's projected revenue. (AS 1210.12; AS 2502.26 .28 and .31) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 26 The firm's approach for testing the fair value of acquired intangible assets was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions and issuer-developed projected revenue provided to the external specialist and used in the valuation of the acquired intangible assets because its procedures were limited to inquiry of management reading the issuer-prepared acquisition accounting memoranda and comparing projected revenue to current year results without performing procedures to evaluate whether the issuer's current year results would be representative of the issuer's projected revenue. (AS 1210.12; AS 2502.26 .28 and .31) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 28 The firm's approach for testing the fair value of acquired intangible assets was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions and issuer-developed projected revenue provided to the external specialist and used in the valuation of the acquired intangible assets because its procedures were limited to inquiry of management reading the issuer-prepared acquisition accounting memoranda and comparing projected revenue to current year results without performing procedures to evaluate whether the issuer's current year results would be representative of the issuer's projected revenue. (AS 1210.12; AS 2502.26 .28 and .31) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 31 The firm's approach for testing the fair value of acquired intangible assets was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of certain significant assumptions and issuer-developed projected revenue provided to the external specialist and used in the valuation of the acquired intangible assets because its procedures were limited to inquiry of management reading the issuer-prepared acquisition accounting memoranda and comparing projected revenue to current year results without performing procedures to evaluate whether the issuer's current year results would be representative of the issuer's projected revenue. (AS 1210.12; AS 2502.26 .28 and .31) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2501 11 The issuer recorded a reserve for excess and obsolete inventory. The firm did not evaluate the reasonableness of the reserve percentages and product lives used in the issuer's determination of the portion of the reserve for excess inventory. Further the firm did not evaluate the appropriateness of fully reserving for certain items at the end of their assumed product lives when those items continued to be sold during the year. (AS 2501.11; AS 2810.03) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2810 3 The issuer recorded a reserve for excess and obsolete inventory. The firm did not evaluate the reasonableness of the reserve percentages and product lives used in the issuer's determination of the portion of the reserve for excess inventory. Further the firm did not evaluate the appropriateness of fully reserving for certain items at the end of their assumed product lives when those items continued to be sold during the year. (AS 2501.11; AS 2810.03) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 11 With respect to the portion of the reserve for obsolete inventory the firm did not evaluate the reasonableness of the issuer's policy to fully reserve for items with no sales in the past 24 months. Further the firm did not evaluate the effect of fully reserved items that were sold during the year on that policy. (AS 2501.11; AS 2810.03) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2810 3 With respect to the portion of the reserve for obsolete inventory the firm did not evaluate the reasonableness of the issuer's policy to fully reserve for items with no sales in the past 24 months. Further the firm did not evaluate the effect of fully reserved items that were sold during the year on that policy. (AS 2501.11; AS 2810.03) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 1210 12 During the year the issuer acquired a business and used an external specialist to determine the fair value of acquired intangible assets. The firm's approach for testing the fair values was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the issuer-developed projected revenue provided to the external specialist and used in the valuation of the acquired intangible assets because it limited its procedures to comparing the projected revenue to (1) the issuer's sales for two products and (2) revenue growth for a competitor without performing procedures to evaluate whether these results would be representative of the issuer's projected revenue. (AS 1210.12) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm selected for testing controls over inventory that consisted of (1) the performance of at least a certain number of counts per year for inventory at one location (2) annual testing of inventory at a second location at a point in time during the year and (3) inventory cycle counting that requires 100 percent coverage for inventory at the second location that began after the annual testing was completed. The firm did not test whether these controls were appropriately designed to ensure that the procedures over inventory quantities were sufficiently reliable to produce results substantially the same as those which would be obtained by a count of all items each year. (AS 2201.42 and .44) Triennially Inspected 199 Mayer Hoffman McCann P.C. 2019 United States 2021-09-09T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing controls over inventory that consisted of (1) the performance of at least a certain number of counts per year for inventory at one location (2) annual testing of inventory at a second location at a point in time during the year and (3) inventory cycle counting that requires 100 percent coverage for inventory at the second location that began after the annual testing was completed. The firm did not test whether these controls were appropriately designed to ensure that the procedures over inventory quantities were sufficiently reliable to produce results substantially the same as those which would be obtained by a count of all items each year. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The issuer's main information technology ('IT') application processed financial transactions and maintained related data. The firm selected for testing IT general controls ('ITGCs') that consisted of controls over access and change management. The firm did not test administrator access to the database and the operating system supporting this application. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer's main information technology ('IT') application processed financial transactions and maintained related data. The firm selected for testing IT general controls ('ITGCs') that consisted of controls over access and change management. The firm did not test administrator access to the database and the operating system supporting this application. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer's main information technology ('IT') application processed financial transactions and maintained related data. The firm selected for testing IT general controls ('ITGCs') that consisted of controls over access and change management. The firm did not test administrator access to the database and the operating system supporting this application. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The issuer's main information technology ('IT') application processed financial transactions and maintained related data. The firm selected for testing IT general controls ('ITGCs') that consisted of controls over access and change management. The firm did not test administrator access to the database and the operating system supporting this application. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer's main information technology ('IT') application processed financial transactions and maintained related data. The firm selected for testing IT general controls ('ITGCs') that consisted of controls over access and change management. The firm did not test administrator access to the database and the operating system supporting this application. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer's main information technology ('IT') application processed financial transactions and maintained related data. The firm selected for testing IT general controls ('ITGCs') that consisted of controls over access and change management. The firm did not test administrator access to the database and the operating system supporting this application. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The issuer's main information technology ('IT') application processed financial transactions and maintained related data. The firm selected for testing IT general controls ('ITGCs') that consisted of controls over access and change management. The firm did not identify and test any controls that addressed the risk of developers migrating changes to production without proper approval and testing. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 The issuer's main information technology ('IT') application processed financial transactions and maintained related data. The firm selected for testing IT general controls ('ITGCs') that consisted of controls over access and change management. The firm did not identify and test any controls that addressed the risk of developers migrating changes to production without proper approval and testing. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer's main information technology ('IT') application processed financial transactions and maintained related data. The firm selected for testing IT general controls ('ITGCs') that consisted of controls over access and change management. The firm did not identify and test any controls that addressed the risk of developers migrating changes to production without proper approval and testing. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The firm selected for testing certain IT-dependent controls. The firm did not identify and test any controls over the accuracy and completeness of data used in the operation of these controls. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm selected for testing certain IT-dependent controls. The firm did not identify and test any controls over the accuracy and completeness of data used in the operation of these controls. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The firm selected for testing certain IT-dependent controls. The firm did not identify and test any controls over the accuracy and completeness of data used in the operation of these controls. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 42 The firm selected for testing a control that consisted of the issuer's monthly review of the financial results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 42 The firm selected for testing a control that consisted of the issuer's monthly review of the financial results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The firm selected for testing a control that consisted of the issuer's monthly review of the financial results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 44 The firm selected for testing a control that consisted of the issuer's monthly review of the financial results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 44 The firm selected for testing a control that consisted of the issuer's monthly review of the financial results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 The firm selected for testing a control that consisted of the issuer's monthly review of the financial results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 39 The firm selected for testing a control that consisted of the issuer's monthly review of the financial results. The firm did not identify and test any controls over the accuracy and completeness of data used in the operation of the control. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 The firm selected for testing a control that consisted of the issuer's monthly review of the financial results. The firm did not identify and test any controls over the accuracy and completeness of data used in the operation of the control. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 The firm selected for testing a control that consisted of the issuer's monthly review of the financial results. The firm did not identify and test any controls over the accuracy and completeness of data used in the operation of the control. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 The firm selected for testing three controls that consisted of the configuration of the application to (1) only allow key fields to be populated with certain data (2) sequentially assign sales order customer invoice and cash receipt numbers and (3) not allow customer invoices and journal entries to be posted when the accounting period is closed. The firm did not sufficiently test the configuration of the application because it did not test the operation of the control over all types of revenue transactions that occurred during the year. Further the sample sizes the firm used to test these controls were too small due to the deficiencies in the firm's testing of access and change management controls described above. (AS 2201.42 .44 and .46) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 42 The firm selected for testing three controls that consisted of the configuration of the application to (1) only allow key fields to be populated with certain data (2) sequentially assign sales order customer invoice and cash receipt numbers and (3) not allow customer invoices and journal entries to be posted when the accounting period is closed. The firm did not sufficiently test the configuration of the application because it did not test the operation of the control over all types of revenue transactions that occurred during the year. Further the sample sizes the firm used to test these controls were too small due to the deficiencies in the firm's testing of access and change management controls described above. (AS 2201.42 .44 and .46) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 The firm selected for testing three controls that consisted of the configuration of the application to (1) only allow key fields to be populated with certain data (2) sequentially assign sales order customer invoice and cash receipt numbers and (3) not allow customer invoices and journal entries to be posted when the accounting period is closed. The firm did not sufficiently test the configuration of the application because it did not test the operation of the control over all types of revenue transactions that occurred during the year. Further the sample sizes the firm used to test these controls were too small due to the deficiencies in the firm's testing of access and change management controls described above. (AS 2201.42 .44 and .46) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 44 The firm selected for testing three controls that consisted of the configuration of the application to (1) only allow key fields to be populated with certain data (2) sequentially assign sales order customer invoice and cash receipt numbers and (3) not allow customer invoices and journal entries to be posted when the accounting period is closed. The firm did not sufficiently test the configuration of the application because it did not test the operation of the control over all types of revenue transactions that occurred during the year. Further the sample sizes the firm used to test these controls were too small due to the deficiencies in the firm's testing of access and change management controls described above. (AS 2201.42 .44 and .46) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 46 The firm selected for testing three controls that consisted of the configuration of the application to (1) only allow key fields to be populated with certain data (2) sequentially assign sales order customer invoice and cash receipt numbers and (3) not allow customer invoices and journal entries to be posted when the accounting period is closed. The firm did not sufficiently test the configuration of the application because it did not test the operation of the control over all types of revenue transactions that occurred during the year. Further the sample sizes the firm used to test these controls were too small due to the deficiencies in the firm's testing of access and change management controls described above. (AS 2201.42 .44 and .46) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 46 The firm selected for testing three controls that consisted of the configuration of the application to (1) only allow key fields to be populated with certain data (2) sequentially assign sales order customer invoice and cash receipt numbers and (3) not allow customer invoices and journal entries to be posted when the accounting period is closed. The firm did not sufficiently test the configuration of the application because it did not test the operation of the control over all types of revenue transactions that occurred during the year. Further the sample sizes the firm used to test these controls were too small due to the deficiencies in the firm's testing of access and change management controls described above. (AS 2201.42 .44 and .46) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 39 The firm did not identify and test any controls that addressed whether transactions processed by the issuer's revenue application were accurately recorded. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 39 The firm did not identify and test any controls to address revenue adjustments. (AS 2201.39) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 1105 10 The firm did not test the completeness of data used in its substantive procedures to test cut-off. (AS 1105.10) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2315 16 The sample size the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the firm did not use the appropriate (1) tolerable misstatement for the population and (2) risk assessment in its sampling tool. (AS 2315.16 .23 and .23A) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the firm did not use the appropriate (1) tolerable misstatement for the population and (2) risk assessment in its sampling tool. (AS 2315.16 .23 and .23A) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the firm did not use the appropriate (1) tolerable misstatement for the population and (2) risk assessment in its sampling tool. (AS 2315.16 .23 and .23A) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the allowance for doubtful accounts. The firm did not evaluate the review procedures that the control owner performed including the procedures performed to investigate certain accounts receivable balances and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the allowance for doubtful accounts. The firm did not evaluate the review procedures that the control owner performed including the procedures performed to investigate certain accounts receivable balances and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2501 9 The firm's approach for substantively testing the valuation of accounts receivable was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance for doubtful accounts for one customer because in response to the customer indicating in its written confirmation reply that its balance to the issuer was zero the firm limited its procedures to obtaining a written representation from the issuer's management. (AS 2501.09 .10 and .11; AS 2810.03) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2501 10 The firm's approach for substantively testing the valuation of accounts receivable was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance for doubtful accounts for one customer because in response to the customer indicating in its written confirmation reply that its balance to the issuer was zero the firm limited its procedures to obtaining a written representation from the issuer's management. (AS 2501.09 .10 and .11; AS 2810.03) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2501 11 The firm's approach for substantively testing the valuation of accounts receivable was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance for doubtful accounts for one customer because in response to the customer indicating in its written confirmation reply that its balance to the issuer was zero the firm limited its procedures to obtaining a written representation from the issuer's management. (AS 2501.09 .10 and .11; AS 2810.03) Triennially Inspected 207 BPM LLP 2019 United States 2021-09-09T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2810 3 The firm's approach for substantively testing the valuation of accounts receivable was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance for doubtful accounts for one customer because in response to the customer indicating in its written confirmation reply that its balance to the issuer was zero the firm limited its procedures to obtaining a written representation from the issuer's management. (AS 2501.09 .10 and .11; AS 2810.03) Triennially Inspected 624 Piercy, Bowler, Taylor & Kern Certified Public Accountants & Business Advisors 2019 United States 2021-09-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 2502 31 The firm did not evaluate the relevance and reliability of information used by an external specialist to determine the fair value of certain assets. (AS 2502.31) Triennially Inspected 624 Piercy, Bowler, Taylor & Kern Certified Public Accountants & Business Advisors 2019 United States 2021-09-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 2502 26 In addition the firm did not evaluate the reasonableness of the assumptions developed by the specialist. (AS 2502.26 and .28) Triennially Inspected 624 Piercy, Bowler, Taylor & Kern Certified Public Accountants & Business Advisors 2019 United States 2021-09-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 2502 28 In addition the firm did not evaluate the reasonableness of the assumptions developed by the specialist. (AS 2502.26 and .28) Triennially Inspected 749 Peterson Sullivan LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 30 With respect to the revenue transaction cycle the firm did not perform sufficient procedures to (1) obtain the necessary understanding of the flow of transactions including the effect of the issuer's information technology ('IT') systems to identify the likely sources of potential misstatements and (2) obtain a sufficient understanding of the likely sources of potential misstatements to identify and test controls that addressed the risks of misstatement for the relevant revenue assertions. (AS 2201.30 and .39) Triennially Inspected 749 Peterson Sullivan LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 With respect to the revenue transaction cycle the firm did not perform sufficient procedures to (1) obtain the necessary understanding of the flow of transactions including the effect of the issuer's information technology ('IT') systems to identify the likely sources of potential misstatements and (2) obtain a sufficient understanding of the likely sources of potential misstatements to identify and test controls that addressed the risks of misstatement for the relevant revenue assertions. (AS 2201.30 and .39) Triennially Inspected 749 Peterson Sullivan LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 68 The firm tested IT general controls and identified a control deficiency for a change management control related to developers having direct access to implement changes. The firm concluded it was a significant deficiency based on the firm's testing of a compensating control that consisted of management's review of change requests. The firm did not sufficiently evaluate the severity of the control deficiency because it did not identify that the compensating control did not address the risk related to unauthorized changes being made directly in the system. (AS 2201.68) Triennially Inspected 749 Peterson Sullivan LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing a control that consisted of management's review of an annual analysis of the revenue recognized by the issuer using revenue data shipment dates and delivery dates (collectively 'data'). The firm did not evaluate the procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 749 Peterson Sullivan LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing a control that consisted of management's review of an annual analysis of the revenue recognized by the issuer using revenue data shipment dates and delivery dates (collectively 'data'). The firm did not evaluate the procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 749 Peterson Sullivan LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 The firm selected for testing a control that consisted of management's review of an annual analysis of the revenue recognized by the issuer using revenue data shipment dates and delivery dates (collectively 'data'). The firm did not identify and test controls over the accuracy and completeness of data used in the operation of this control. (AS 2201.39) Triennially Inspected 749 Peterson Sullivan LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 The firm used the issuer's annual analysis in its substantive procedures. The firm did not test or test controls over the accuracy and completeness of revenue data and the accuracy of delivery dates. (AS 1105.10) Triennially Inspected 749 Peterson Sullivan LLP 2019 United States 2021-09-09T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 24 The firm used the issuer's annual analysis in its substantive procedures. The firm did not sufficiently test or test controls over the accuracy of the shipment dates because it limited its selection of sample items to the last seven days of the year under audit and therefore was not representative of the population. (AS 2315.24) Triennially Inspected 1171 WWC, P.C. 2019 United States 2021-09-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 For certain of the issuer's subsidiaries the firm did not evaluate whether the relevant revenue recognition criteria had been met for the sales transactions selected for testing. (AS 2301.08) Triennially Inspected 1171 WWC, P.C. 2019 United States 2021-09-09T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 2 AS 2501 7 For one of the issuer's subsidiaries the firm did not perform any procedures to evaluate the reasonableness of the allowance for doubtful accounts. (AS 2501.07) Triennially Inspected 1171 WWC, P.C. 2019 United States 2021-09-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2810 30 The firm did not identify and evaluate whether (1) the issuer's exclusion of certain assets from its impairment analysis of long-lived assets was appropriate and (2) the issuer's impairment analysis was performed at the appropriate level. (AS 2810.30) Triennially Inspected 1171 WWC, P.C. 2019 United States 2021-09-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2810 30 The firm did not identify and appropriately address the issuer's omission of certain required disclosures. (AS 2810.30 and .31) Triennially Inspected 1171 WWC, P.C. 2019 United States 2021-09-09T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2810 31 The firm did not identify and appropriately address the issuer's omission of certain required disclosures. (AS 2810.30 and .31) Triennially Inspected 1171 WWC, P.C. 2019 United States 2021-09-09T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 30 The firm did not identify and appropriately address the issuer's omission of certain required disclosures under FASB ASC Topic 606 Revenue From Contracts with Customers related to qualitative and quantitative information about (1) the issuer's existing contracts with customers; (2) the significant judgments and changes in the judgments made by the issuer in applying the guidance to those contracts; and 3) any assets recognized by the issuer from the costs to obtain or fulfill a contract with a customer. (AS 2810.30 and .31) Triennially Inspected 1171 WWC, P.C. 2019 United States 2021-09-09T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 31 The firm did not identify and appropriately address the issuer's omission of certain required disclosures under FASB ASC Topic 606 Revenue From Contracts with Customers related to qualitative and quantitative information about (1) the issuer's existing contracts with customers; (2) the significant judgments and changes in the judgments made by the issuer in applying the guidance to those contracts; and 3) any assets recognized by the issuer from the costs to obtain or fulfill a contract with a customer. (AS 2810.30 and .31) Triennially Inspected 1461 Ernst & Young, S.L. 2019 Spain Ernst & Young Global Limited 2021-09-09T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis which included performing procedures to test the accuracy of information used in this analysis. The software-assisted analysis was designed to test the relationships among revenue accounts receivable and cash that the issuer recorded through journal entries. The firm however did not perform procedures to test the appropriateness of the cash data used in this analysis. (AS 1105.10) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 34 The firm did not (1) obtain an understanding of the likely sources of potential misstatement of revenue (AS 2201.34) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm did not (2) identify and test process level controls over the issuer's revenue (AS 2201.39) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm did not (3) test the operating effectiveness of the issuer's information technology general controls ('ITGCs') that it had identified and tested for design effectiveness. (AS 2201.44) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 16 The sample size the firm used in a substantive procedure over one category of revenue was too small to achieve the planned objective for the test because it used the methodology for determining the sample size for a test of controls and did not consider factors relevant to determining the sample size for its substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample size the firm used in a substantive procedure over one category of revenue was too small to achieve the planned objective for the test because it used the methodology for determining the sample size for a test of controls and did not consider factors relevant to determining the sample size for its substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample size the firm used in a substantive procedure over one category of revenue was too small to achieve the planned objective for the test because it used the methodology for determining the sample size for a test of controls and did not consider factors relevant to determining the sample size for its substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 16 In addition the sample size the firm used in a substantive procedure to test another category of revenue was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 18 In addition the sample size the firm used in a substantive procedure to test another category of revenue was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 37 In addition the sample size the firm used in a substantive procedure to test another category of revenue was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 19 In addition the sample size the firm used in a substantive procedure to test another category of revenue was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23 In addition the sample size the firm used in a substantive procedure to test another category of revenue was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23A In addition the sample size the firm used in a substantive procedure to test another category of revenue was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 42 The firm selected for testing certain controls over various reviews of long-lived assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 44 The firm selected for testing certain controls over various reviews of long-lived assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 7 AS 2201 39 The firm selected for testing certain controls over various reviews of long-lived assets. The firm did not identify and test any controls over the accuracy and completeness of data and reports that were used in the performance of these controls. (AS 2201.39) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 8 AS 2315 24 The firm did not perform sufficient substantive procedures to test transfers of the long-lived assets between asset categories because it tested transfers for one quarter which did not constitute audit sampling and therefore the testing results could not be projected to the population of transfers during the year. (AS 2315.24) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 1105 10 The firm did not test or test controls over the accuracy and completeness of documents used in testing the transfer of long-lived assets. (AS 1105.10) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 10 AS 1105 10 The firm did not test or test the controls over the accuracy and completeness of data and reports used in its testing of long-lived assets for impairment. (AS 1105.10; AS 2501.11) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 10 AS 2501 11 The firm did not test or test the controls over the accuracy and completeness of data and reports used in its testing of long-lived assets for impairment. (AS 1105.10; AS 2501.11) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 11 AS 2502 15 The firm did not test the fair value of the purchase price allocations to one asset category. (AS 2502.15) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing controls over reviews of revenue reconciliations. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing controls over reviews of revenue reconciliations. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm selected for testing controls over reviews of revenue reconciliations. The firm did not identify and test any controls over the accuracy and completeness of data and schedules that were used in the performance of these controls. (AS 2201.39) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 42 The firm selected for testing controls over the review of the issuer's roll-forward for long-lived assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 44 The firm selected for testing controls over the review of the issuer's roll-forward for long-lived assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 127 PKF O'Connor Davies, LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 39 The firm selected for testing controls over the review of the issuer's roll-forward for long-lived assets. The firm did not identify and test any controls over the accuracy and completeness of data and schedules that were used in the performance these controls. (AS 2201.39) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing controls that consisted of the issuer's review of (1) risk ratings assigned to certain commercial loans (2) loans that were identified as having higher risk characteristics and (3) the reasonableness of the ALL general reserve. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing controls that consisted of the issuer's review of (1) risk ratings assigned to certain commercial loans (2) loans that were identified as having higher risk characteristics and (3) the reasonableness of the ALL general reserve. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 46 The firm selected for testing controls that consisted of the issuer's review of (1) risk ratings assigned to certain commercial loans (2) loans that were identified as having higher risk characteristics and (3) the reasonableness of the ALL general reserve. With respect to the review of risk ratings control the firm did not consider the complexity of the control and the significance of the judgments made by the control owners in determining the sample size used to test this control. (AS 2201.46) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 39 The firm did not identify and test any controls over the determination of the risk ratings for the remaining loans that were not subject to the review controls discussed above. (AS 2201.39) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test the ALL was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 5 AS 2201 42 The firm selected for testing controls that consisted of the issuer's review of (1) valuation reports and journal entries used to record the business combinations (2) reconciliations of valuation reports to the general ledger and (3) assumptions used to value assets acquired and liabilities assumed. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 5 AS 2201 44 The firm selected for testing controls that consisted of the issuer's review of (1) valuation reports and journal entries used to record the business combinations (2) reconciliations of valuation reports to the general ledger and (3) assumptions used to value assets acquired and liabilities assumed. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 165 Hannis T. Bourgeois, LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 6 AS 2201 39 The firm selected for testing controls that consisted of the issuer's review of (1) valuation reports and journal entries used to record the business combinations (2) reconciliations of valuation reports to the general ledger and (3) assumptions used to value assets acquired and liabilities assumed. The firm did not identify and test any controls over the accuracy and completeness of issuer-produced data that the control owners used in the performance of these controls. (AS 2201.39) Triennially Inspected 171 Horne LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the fair values of certain assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 171 Horne LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the fair values of certain assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 171 Horne LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 2 AS 2502 26 The firm's approach for testing the fair value of certain assets was to review and test management's process. The firm did not evaluate the reasonableness of certain assumptions used by the issuer to determine the fair value. (AS 2502.26 and .28) Triennially Inspected 171 Horne LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 2 AS 2502 28 The firm's approach for testing the fair value of certain assets was to review and test management's process. The firm did not evaluate the reasonableness of certain assumptions used by the issuer to determine the fair value. (AS 2502.26 and .28) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies An Income Statement Account 1 AS 2201 62 The firm tested IT general controls ('ITGCs') for an application used to process transactions related to an income statement account and certain assets and identified deficiencies related to access and change management controls. The firm did not evaluate the severity of these deficiencies to determine whether these deficiencies individually or in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 1 AS 2201 62 The firm tested IT general controls ('ITGCs') for an application used to process transactions related to an income statement account and certain assets and identified deficiencies related to access and change management controls. The firm did not evaluate the severity of these deficiencies to determine whether these deficiencies individually or in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies An Income Statement Account 2 AS 2201 42 The firm selected for testing a control over an income statement account that consisted of (1) the review of certain transactions in an application and (2) the automated generation of transaction documentation upon approval of those transactions. The firm did not test the transaction review attribute of the control. Further the firm did not sufficiently test the automated attribute of the control because it only tested one instance which was not appropriate due to the deficiencies in access and change management controls described above. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies An Income Statement Account 2 AS 2201 44 The firm selected for testing a control over an income statement account that consisted of (1) the review of certain transactions in an application and (2) the automated generation of transaction documentation upon approval of those transactions. The firm did not test the transaction review attribute of the control. Further the firm did not sufficiently test the automated attribute of the control because it only tested one instance which was not appropriate due to the deficiencies in access and change management controls described above. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies An Income Statement Account 3 AS 2201 42 The firm selected for testing a control over a component of this income statement account that consisted of the review of transaction documentation. The firm did not evaluate the procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies An Income Statement Account 3 AS 2201 44 The firm selected for testing a control over a component of this income statement account that consisted of the review of transaction documentation. The firm did not evaluate the procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2201 42 The firm selected for testing a control over a certain asset that consisted of the automated calculation of the recorded value for two portions of this asset and relied on its testing of the control from prior years' audits. The firm did not support its reliance on testing performed in the prior years' audits because (1) of the deficiencies in access and change management controls described above and (2) it did not verify that the control had not changed since it was last tested. (AS 2201.42 .44 and .B29) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2201 44 The firm selected for testing a control over a certain asset that consisted of the automated calculation of the recorded value for two portions of this asset and relied on its testing of the control from prior years' audits. The firm did not support its reliance on testing performed in the prior years' audits because (1) of the deficiencies in access and change management controls described above and (2) it did not verify that the control had not changed since it was last tested. (AS 2201.42 .44 and .B29) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 4 AS 2201 B29 The firm selected for testing a control over a certain asset that consisted of the automated calculation of the recorded value for two portions of this asset and relied on its testing of the control from prior years' audits. The firm did not support its reliance on testing performed in the prior years' audits because (1) of the deficiencies in access and change management controls described above and (2) it did not verify that the control had not changed since it was last tested. (AS 2201.42 .44 and .B29) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 5 AS 2201 42 The firm selected for testing a control that consisted of management's review of the reserve over certain portions of this asset. The firm did not evaluate the procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 5 AS 2201 44 The firm selected for testing a control that consisted of management's review of the reserve over certain portions of this asset. The firm did not evaluate the procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 6 AS 2201 39 The firm selected for testing a control that consisted of management's review of the reserve over certain portions of this asset. The firm did not identify and test any controls over the reserve for other portions of this asset. (AS 2201.39) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 7 AS 2301 8 The firm did not test the recorded value for one portion of the asset. Further the firm did not test or (as discussed above) sufficiently test controls over the calculation of the recorded value for both portions of the asset. (AS 2301.08) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 8 AS 2501 9 To estimate the reserve for one portion of this asset the issuer developed certain projections. The firm's approach for substantively testing this reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the reserve because the firm did not (1) obtain an understanding of the issuer's process for determining the projections and (2) perform procedures to test certain factors and assumptions used by the issuer to determine the reserve. (AS 2501.09 .10 and .11) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 8 AS 2501 10 To estimate the reserve for one portion of this asset the issuer developed certain projections. The firm's approach for substantively testing this reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the reserve because the firm did not (1) obtain an understanding of the issuer's process for determining the projections and (2) perform procedures to test certain factors and assumptions used by the issuer to determine the reserve. (AS 2501.09 .10 and .11) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 8 AS 2501 11 To estimate the reserve for one portion of this asset the issuer developed certain projections. The firm's approach for substantively testing this reserve was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the reserve because the firm did not (1) obtain an understanding of the issuer's process for determining the projections and (2) perform procedures to test certain factors and assumptions used by the issuer to determine the reserve. (AS 2501.09 .10 and .11) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 9 AS 2501 7 To estimate the reserve for one portion of this asset the issuer developed certain projections. The firm's approach for substantively testing this reserve was to review and test management's process. The firm did not evaluate the reserve for another portion of the asset. (AS 2501.07) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 16 The firm tested the design effectiveness of ITGCs for two applications used to process revenue transactions. The firm's substantive procedures to test certain revenue transactions consisted of testing the automated calculation for a sample of transactions. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not test the operating effectiveness of ITGCs for the two applications discussed above. (AS 2301.16 .18 .21 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 18 The firm tested the design effectiveness of ITGCs for two applications used to process revenue transactions. The firm's substantive procedures to test certain revenue transactions consisted of testing the automated calculation for a sample of transactions. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not test the operating effectiveness of ITGCs for the two applications discussed above. (AS 2301.16 .18 .21 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 21 The firm tested the design effectiveness of ITGCs for two applications used to process revenue transactions. The firm's substantive procedures to test certain revenue transactions consisted of testing the automated calculation for a sample of transactions. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not test the operating effectiveness of ITGCs for the two applications discussed above. (AS 2301.16 .18 .21 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 37 The firm tested the design effectiveness of ITGCs for two applications used to process revenue transactions. The firm's substantive procedures to test certain revenue transactions consisted of testing the automated calculation for a sample of transactions. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not test the operating effectiveness of ITGCs for the two applications discussed above. (AS 2301.16 .18 .21 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 19 The firm tested the design effectiveness of ITGCs for two applications used to process revenue transactions. The firm's substantive procedures to test certain revenue transactions consisted of testing the automated calculation for a sample of transactions. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not test the operating effectiveness of ITGCs for the two applications discussed above. (AS 2301.16 .18 .21 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 23 The firm tested the design effectiveness of ITGCs for two applications used to process revenue transactions. The firm's substantive procedures to test certain revenue transactions consisted of testing the automated calculation for a sample of transactions. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not test the operating effectiveness of ITGCs for the two applications discussed above. (AS 2301.16 .18 .21 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 23A The firm tested the design effectiveness of ITGCs for two applications used to process revenue transactions. The firm's substantive procedures to test certain revenue transactions consisted of testing the automated calculation for a sample of transactions. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported because the firm did not test the operating effectiveness of ITGCs for the two applications discussed above. (AS 2301.16 .18 .21 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 339 Mazars USA LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm did not test the accuracy and completeness of data included in certain reports used by the firm in its substantive procedures. (AS 1105.10) Triennially Inspected 358 Schneider Downs & Co., Inc. 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 68 The issuer used information technology ('IT') applications to initiate process and record revenue. The firm identified multiple control deficiencies related to controls over logical access and program changes. The firm concluded that these deficiencies represented a significant deficiency after identifying and testing several compensating controls. The firm did not sufficiently evaluate the severity of the control deficiencies because it did not determine whether the compensating controls addressed the same objective and assertions as the ineffective controls. (AS 2201.68) Triennially Inspected 358 Schneider Downs & Co., Inc. 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing an automated control over revenue that was designed to record revenue once the issuer processed an invoice in its system. The firm did not sufficiently test this automated control because it only tested one instance which was not appropriate due to the control deficiencies described above. (AS 2201.42 .44 and .46) Triennially Inspected 358 Schneider Downs & Co., Inc. 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing an automated control over revenue that was designed to record revenue once the issuer processed an invoice in its system. The firm did not sufficiently test this automated control because it only tested one instance which was not appropriate due to the control deficiencies described above. (AS 2201.42 .44 and .46) Triennially Inspected 358 Schneider Downs & Co., Inc. 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 46 The firm selected for testing an automated control over revenue that was designed to record revenue once the issuer processed an invoice in its system. The firm did not sufficiently test this automated control because it only tested one instance which was not appropriate due to the control deficiencies described above. (AS 2201.42 .44 and .46) Triennially Inspected 358 Schneider Downs & Co., Inc. 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing certain controls that included management's review of sales contracts and comparisons of expected to actual sales. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44). Triennially Inspected 358 Schneider Downs & Co., Inc. 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing certain controls that included management's review of sales contracts and comparisons of expected to actual sales. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44). Triennially Inspected 358 Schneider Downs & Co., Inc. 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Inventory 4 AS 2201 42 The firm selected for testing a control that consisted of management's review of the issuer's financial close checklist which included revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 358 Schneider Downs & Co., Inc. 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 42 The firm selected for testing a control that consisted of management's review of the issuer's financial close checklist which included revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 358 Schneider Downs & Co., Inc. 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Inventory 4 AS 2201 44 The firm selected for testing a control that consisted of management's review of the issuer's financial close checklist which included revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 358 Schneider Downs & Co., Inc. 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 44 The firm selected for testing a control that consisted of management's review of the issuer's financial close checklist which included revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 677 Cherry Bekaert LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Accrued Liabilities 1 AS 2201 39 The firm did not identify and test any controls over accrued liabilities. (AS 2201.39) Triennially Inspected 677 Cherry Bekaert LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 2 AS 2201 44 The issuer estimated the fair value of stock options and warrants based on certain data and assumptions. The firm did not test the operating effectiveness of controls over the input of data and assumptions into the calculation of the fair value of stock options and stock compensation expense. (AS 2201.44) Triennially Inspected 677 Cherry Bekaert LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 3 AS 2201 42 The issuer estimated the fair value of stock options and warrants based on certain data and assumptions. The firm did not test the design and operating effectiveness of controls over the assumptions that were used in the calculation of the fair value of warrants. (AS 2201.42 and .44) Triennially Inspected 677 Cherry Bekaert LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 3 AS 2201 44 The issuer estimated the fair value of stock options and warrants based on certain data and assumptions. The firm did not test the design and operating effectiveness of controls over the assumptions that were used in the calculation of the fair value of warrants. (AS 2201.42 and .44) Triennially Inspected 677 Cherry Bekaert LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 4 AS 2201 39 The firm did not identify and test any controls over the existence of common stock. (AS 2201.39) Triennially Inspected 677 Cherry Bekaert LLP 2019 United States 2021-08-16T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Equity and Equity-Related Transactions 5 AS 2201 62 The firm identified a significant deficiency related to the preparation and review of the fair value of the stock options and stock compensation expense. In its evaluation of the deficiency the firm did not evaluate the severity of the deficiency in combination with other deficiencies to determine whether it constituted a material weakness. (AS 2201.62) Triennially Inspected 677 Cherry Bekaert LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer recognized certain of its revenue from fees that were based on the number of transactions processed each month. The firm did not perform audit procedures to test the accuracy and completeness of this data that it used in its testing of revenue. (AS 1105.10) Triennially Inspected 677 Cherry Bekaert LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 2 AS 2501 7 The issuer performed its annual goodwill and intangible assets impairment analyses using a qualitative assessment. The firm did not perform substantive procedures to evaluate the reasonableness of certain assumptions used in the qualitative assessment. Further the firm did not evaluate certain adverse events or circumstances included in the qualitative assessment in order to determine the effect on the issuer's assertions in its impairment analysis. (AS 2501.07; AS 2810.03) Triennially Inspected 677 Cherry Bekaert LLP 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 2 AS 2810 3 The issuer performed its annual goodwill and intangible assets impairment analyses using a qualitative assessment. The firm did not perform substantive procedures to evaluate the reasonableness of certain assumptions used in the qualitative assessment. Further the firm did not evaluate certain adverse events or circumstances included in the qualitative assessment in order to determine the effect on the issuer's assertions in its impairment analysis. (AS 2501.07; AS 2810.03) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2810 30 The issuer purchased land and buildings (the 'acquired property') and assumed certain legal obligations ('assumed liabilities'). The issuer engaged an external specialist to value the acquired property. The issuer valued the assumed liabilities based on the seller's estimate of costs to satisfy the obligation and certain performance guarantees. The firm did not identify or appropriately address departures from GAAP related to the issuer (1) not allocating certain capitalized costs to the carrying amounts of the related components of the acquired property in conformity with FASB ASC Topic 410 Asset Retirement and Environmental Obligations and (2) inappropriately disclosing all assets of the acquired property within one asset category instead of disclosing balances of major classes of depreciable assets by nature or function in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 1 AS 2810 31 The issuer purchased land and buildings (the 'acquired property') and assumed certain legal obligations ('assumed liabilities'). The issuer engaged an external specialist to value the acquired property. The issuer valued the assumed liabilities based on the seller's estimate of costs to satisfy the obligation and certain performance guarantees. The firm did not identify or appropriately address departures from GAAP related to the issuer (1) not allocating certain capitalized costs to the carrying amounts of the related components of the acquired property in conformity with FASB ASC Topic 410 Asset Retirement and Environmental Obligations and (2) inappropriately disclosing all assets of the acquired property within one asset category instead of disclosing balances of major classes of depreciable assets by nature or function in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 1210 12 The issuer purchased land and buildings (the 'acquired property') and assumed certain legal obligations ('assumed liabilities'). The issuer engaged an external specialist to value the acquired property. The issuer valued the assumed liabilities based on the seller's estimate of costs to satisfy the obligation and certain performance guarantees. The firm did not test the data used by the external specialist to value the acquired property. (AS 1210.12) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2502 26 The issuer purchased land and buildings (the 'acquired property') and assumed certain legal obligations ('assumed liabilities'). The issuer engaged an external specialist to value the acquired property. The issuer valued the assumed liabilities based on the seller's estimate of costs to satisfy the obligation and certain performance guarantees. The firm did not evaluate the reasonableness of the assumptions developed by the external specialist to value the acquired property. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2502 28 The issuer purchased land and buildings (the 'acquired property') and assumed certain legal obligations ('assumed liabilities'). The issuer engaged an external specialist to value the acquired property. The issuer valued the assumed liabilities based on the seller's estimate of costs to satisfy the obligation and certain performance guarantees. The firm did not evaluate the reasonableness of the assumptions developed by the external specialist to value the acquired property. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2502 26 The issuer purchased land and buildings (the 'acquired property') and assumed certain legal obligations ('assumed liabilities'). The issuer engaged an external specialist to value the acquired property. The issuer valued the assumed liabilities based on the seller's estimate of costs to satisfy the obligation and certain performance guarantees. The firm did not evaluate whether the assumed liabilities recorded by the issuer represented a reasonable estimate of their fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2502 28 The issuer purchased land and buildings (the 'acquired property') and assumed certain legal obligations ('assumed liabilities'). The issuer engaged an external specialist to value the acquired property. The issuer valued the assumed liabilities based on the seller's estimate of costs to satisfy the obligation and certain performance guarantees. The firm did not evaluate whether the assumed liabilities recorded by the issuer represented a reasonable estimate of their fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 2810 30 The issuer purchased land and buildings (the 'acquired property') and assumed certain legal obligations ('assumed liabilities'). The issuer engaged an external specialist to value the acquired property. The issuer valued the assumed liabilities based on the seller's estimate of costs to satisfy the obligation and certain performance guarantees. The firm did not evaluate whether the presentation of the assumed liabilities as a non-current liability was in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2810.30) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Segment Disclosures 6 AS 2810 30 The firm did not identify or appropriately address departures from GAAP related to (1) inaccuracies in the amount of assets allocated to the issuer's segments and (2) the issuer's omission of a disclosure related to the total amount of revenue from a customer that represented more than ten percent of revenue as required by FASB ASC Topic 280 Segment Reporting. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Segment Disclosures 6 AS 2810 31 The firm did not identify or appropriately address departures from GAAP related to (1) inaccuracies in the amount of assets allocated to the issuer's segments and (2) the issuer's omission of a disclosure related to the total amount of revenue from a customer that represented more than ten percent of revenue as required by FASB ASC Topic 280 Segment Reporting. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Segment Disclosures 7 AS 2810 30 The firm did not evaluate whether each segment disclosed by the issuer met the criteria to be considered an operating segment in conformity with FASB ASC Topic 280. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Segment Disclosures 7 AS 2810 31 The firm did not evaluate whether each segment disclosed by the issuer met the criteria to be considered an operating segment in conformity with FASB ASC Topic 280. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 8 AS 2310 29 The firm received electronic responses to its accounts receivable confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 9 AS 2501 9 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because it limited its procedures to (1) inquiry of management and (2) obtaining documents from the issuer related to promises from its customers to pay the amounts owed without evaluating the authenticity and reliability of those documents. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 9 AS 2501 10 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because it limited its procedures to (1) inquiry of management and (2) obtaining documents from the issuer related to promises from its customers to pay the amounts owed without evaluating the authenticity and reliability of those documents. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 9 AS 2501 11 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because it limited its procedures to (1) inquiry of management and (2) obtaining documents from the issuer related to promises from its customers to pay the amounts owed without evaluating the authenticity and reliability of those documents. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Asset 10 AS 1210 12 The issuer identified impairment indicators related to a certain asset. The issuer engaged an external specialist to determine the asset's fair value and also relied upon its sale of the asset through a non-monetary transaction subsequent to year end in concluding that the asset was not impaired. The firm did not perform sufficient procedures to evaluate the issuer's conclusions. The following deficiencies were identified: • The firm did not test the data used by the external specialist to determine the fair value of the asset. (AS 1210.12) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Asset 11 AS 2502 26 The issuer identified impairment indicators related to a certain asset. The issuer engaged an external specialist to determine the asset's fair value and also relied upon its sale of the asset through a non-monetary transaction subsequent to year end in concluding that the asset was not impaired. The firm did not perform sufficient procedures to evaluate the issuer's conclusions. The following deficiencies were identified: • The firm did not evaluate the reasonableness of assumptions used by the external specialist to determine the fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Asset 11 AS 2502 28 The issuer identified impairment indicators related to a certain asset. The issuer engaged an external specialist to determine the asset's fair value and also relied upon its sale of the asset through a non-monetary transaction subsequent to year end in concluding that the asset was not impaired. The firm did not perform sufficient procedures to evaluate the issuer's conclusions. The following deficiencies were identified: • The firm did not evaluate the reasonableness of assumptions used by the external specialist to determine the fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Asset 12 AS 2502 26 The issuer identified impairment indicators related to a certain asset. The issuer engaged an external specialist to determine the asset's fair value and also relied upon its sale of the asset through a non-monetary transaction subsequent to year end in concluding that the asset was not impaired. The firm did not perform sufficient procedures to evaluate the issuer's conclusions. The following deficiencies were identified: • The firm did not test the fair value of the subsequent sale of this asset. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Asset 12 AS 2502 28 The issuer identified impairment indicators related to a certain asset. The issuer engaged an external specialist to determine the asset's fair value and also relied upon its sale of the asset through a non-monetary transaction subsequent to year end in concluding that the asset was not impaired. The firm did not perform sufficient procedures to evaluate the issuer's conclusions. The following deficiencies were identified: • The firm did not test the fair value of the subsequent sale of this asset. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Asset 13 AS 2810 30 The firm did not evaluate whether the presentation of the asset as a current asset in the issuer's balance sheet was in conformity with FASB ASC Topic 210. (AS 2810.30) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments 14 AS 2501 7 The issuer held certain non-marketable equity investments that were recorded at adjusted cost. For one of these investments the firm did not perform sufficient procedures to evaluate the issuer's conclusion that the investment was not impaired because the firm did not (1) test the issuer's qualitative assessment and (2) test the fair value of the issuer's sale of this investment through a non-monetary transaction subsequent to year end which the issuer used to support its conclusion that the investment was not impaired at year end. (AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments 15 AS 2301 8 For another of these investments the issuer concluded that the investment was not impaired based in part on a private placement transaction earlier in the year. The firm did not perform sufficient procedures to evaluate the issuer's conclusions that the investment was not impaired because the firm did not (1) test the issuer's qualitative assessment; (2) evaluate whether impairment indicators existed because the investee company reported a net loss for the year and its total liabilities exceeded its total assets; and (3) evaluate the value of the investee's shares at year end relative to the private placement transaction earlier in the year. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments 16 AS 2810 30 The issuer also held an investment in an entity for which it had a majority ownership but the entity was not consolidated due to certain qualitative considerations. The firm did not evaluate these qualitative considerations in assessing whether the issuer's accounting was in conformity with FASB ASC Topic 323 Investments — Equity Method and Joint Ventures. (AS 2810.30) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments 17 AS 1210 12 The issuer also held an investment in an entity for which it had a majority ownership but the entity was not consolidated due to certain qualitative considerations. The issuer identified impairment indicators related to this investment and engaged an external specialist to estimate its fair value. The firm did not test the data used by the external specialist to determine the fair value. (AS 1210.12) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments 18 AS 2502 26 The issuer also held an investment in an entity for which it had a majority ownership but the entity was not consolidated due to certain qualitative considerations. The firm did not evaluate the reasonableness of the assumptions used by the external specialist to estimate the fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investments 18 AS 2502 28 The issuer also held an investment in an entity for which it had a majority ownership but the entity was not consolidated due to certain qualitative considerations. The firm did not evaluate the reasonableness of the assumptions used by the external specialist to estimate the fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Discontinued Operations 19 AS 2810 30 The issuer indicated its intention to phase out components of its business. The firm did not evaluate whether these components should have been reported as discontinued operations in conformity with FASB ASC Subtopic 205-20 Presentation of Financial Statements — Discontinued Operations. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Discontinued Operations 19 AS 2810 31 The issuer indicated its intention to phase out components of its business. The firm did not evaluate whether these components should have been reported as discontinued operations in conformity with FASB ASC Subtopic 205-20 Presentation of Financial Statements — Discontinued Operations. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The issuer adopted FASB Topic ASC 606 Revenue from Contracts with Customers during the year under audit. The firm did not perform procedures beyond reading an issuer-prepared memorandum to evaluate the significant judgments made by the issuer in the application of FASB ASC Topic 606 including the appropriateness of the issuer's determination that consideration did not need to be allocated to certain performance obligations. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 In addition the firm did not identify or appropriately address departures from GAAP related to the issuer's omission of disclosures related to (1) the nature of and reason for the change in accounting principle and (2) the transition method used by the issuer as required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 31 In addition the firm did not identify or appropriately address departures from GAAP related to the issuer's omission of disclosures related to (1) the nature of and reason for the change in accounting principle and (2) the transition method used by the issuer as required by FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 1105 27 To substantively test accounts receivable the firm sent confirmation requests for a selection of accounts receivable that met certain criteria. The firm did not perform any procedures to test the remaining population of accounts receivable. (AS 1105.27) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 1210 12 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair value of certain acquired intangible assets. The firm did not test the data used by the external specialist to estimate the fair value. (AS 1210.12) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 5 AS 2502 26 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair value of certain acquired intangible assets. The firm did not evaluate the reasonableness of assumptions used by the external specialist to estimate the fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 5 AS 2502 28 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair value of certain acquired intangible assets. The firm did not evaluate the reasonableness of assumptions used by the external specialist to estimate the fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 6 AS 2501 7 For certain other business combinations the firm did not evaluate the reasonableness of the estimated useful lives of the acquired intangible assets. (AS 2501.07) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments 7 AS 2503 28 The issuer reported an equity-method investment in an investee whose fiscal year end was six months earlier than the issuer's. The firm did not test any transactions or the investee's financial information for the six-month period between the investee's and the issuer's fiscal year ends. (AS 2503.28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments 8 AS 2301 8 The issuer reported an equity-method investment in an investee whose fiscal year end was six months earlier than the issuer's. The firm did not test the percentage of ownership in the investee at year end. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 9 AS 2410 14 The firm did not evaluate whether the issuer had properly identified its related parties and relationships and transactions with related parties including testing the accuracy and completeness of the related parties and relationships and transactions with related parties identified by the issuer. Further the firm did not evaluate whether related party transactions were properly accounted for and disclosed in the issuer's financial statements. (AS 2410.14 and .17) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 9 AS 2410 17 The firm did not evaluate whether the issuer had properly identified its related parties and relationships and transactions with related parties including testing the accuracy and completeness of the related parties and relationships and transactions with related parties identified by the issuer. Further the firm did not evaluate whether related party transactions were properly accounted for and disclosed in the issuer's financial statements. (AS 2410.14 and .17) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Going Concern 10 AS 2415 3 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated. The firm did not sufficiently evaluate management's plans because it did not test the prospective financial information including the issuer's ability to carry out a significant planned reduction in operating expenditures which was significant to overcoming the adverse conditions and events. (AS 2415.03 .08 and .09) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Going Concern 10 AS 2415 8 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated. The firm did not sufficiently evaluate management's plans because it did not test the prospective financial information including the issuer's ability to carry out a significant planned reduction in operating expenditures which was significant to overcoming the adverse conditions and events. (AS 2415.03 .08 and .09) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Going Concern 10 AS 2415 9 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated. The firm did not sufficiently evaluate management's plans because it did not test the prospective financial information including the issuer's ability to carry out a significant planned reduction in operating expenditures which was significant to overcoming the adverse conditions and events. (AS 2415.03 .08 and .09) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 1 AS 2301 8 The firm's approach to testing revenue included testing selected revenue transactions for one type of revenue and contracts for another type of revenue. For the selected transactions and one of the contracts selected for testing the firm did not evaluate the appropriateness of revenue recognized. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2310 29 The firm selected for confirmation key items related to certain revenue and accounts receivable transactions. The following deficiencies were identified: • The firm received electronic responses to its confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 3 AS 2310 31 The firm selected for confirmation key items related to certain revenue and accounts receivable transactions. The following deficiencies were identified: • The firm did not perform alternative procedures for positive confirmation requests for which it did not receive a response. (AS 2310.31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 4 AS 2310 33 The firm selected for confirmation key items related to certain revenue and accounts receivable transactions. The following deficiencies were identified: • The firm did not evaluate the nature of exceptions in returned confirmations. (AS 2310.33) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 5 AS 1105 27 The firm selected for confirmation key items related to certain revenue and accounts receivable transactions. The following deficiencies were identified: • The firm did not perform any procedures to test the remaining population of accounts receivable that was not included in the confirmation selections. (AS 1105.27) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 6 AS 2501 9 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to test the assumptions the issuer used to determine the allowance. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 6 AS 2501 10 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to test the assumptions the issuer used to determine the allowance. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 6 AS 2501 11 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to test the assumptions the issuer used to determine the allowance. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 7 AS 1105 10 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not test the accuracy and completeness of data the issuer used to determine the allowance. (AS 1105.10; AS 2501.11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 7 AS 2501 11 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not test the accuracy and completeness of data the issuer used to determine the allowance. (AS 1105.10; AS 2501.11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 8 AS 2502 11 During the year the issuer acquired certain businesses. The firm did not perform audit procedures beyond reading the issuer-prepared memoranda merger agreements and related acquisition documents to understand the issuer's process in determining fair value measurements and disclosures including the data and assumptions that were used in the analyses in order to plan the nature timing and extent of the audit procedures. (AS 2502.11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 9 AS 2502 26 During the year the issuer acquired certain businesses. The firm did not test the fair values of the acquired intangible assets and test the measurement of goodwill. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 9 AS 2502 28 During the year the issuer acquired certain businesses. The firm did not test the fair values of the acquired intangible assets and test the measurement of goodwill. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 10 AS 2502 43 During the year the issuer acquired certain businesses. The firm did not test the presentation and disclosure of certain acquisitions in the notes to the financial statements. (AS 2502.43) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 11 AS 2905 4 During the prior year the issuer acquired a business and recorded both goodwill and intangible assets. During the year under audit the issuer performed an impairment analysis as a result of the discovery of misrepresentations the seller made and recorded an impairment loss for that goodwill. The firm did not identify that certain of these misrepresentations existed at the date of the audit report for the prior year and evaluate whether appropriate revisions to the prior year's financial statements should have been disclosed in the financial statements of the year under audit. (AS 2905.04 .05 and .06) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 11 AS 2905 5 During the prior year the issuer acquired a business and recorded both goodwill and intangible assets. During the year under audit the issuer performed an impairment analysis as a result of the discovery of misrepresentations the seller made and recorded an impairment loss for that goodwill. The firm did not identify that certain of these misrepresentations existed at the date of the audit report for the prior year and evaluate whether appropriate revisions to the prior year's financial statements should have been disclosed in the financial statements of the year under audit. (AS 2905.04 .05 and .06) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 11 AS 2905 6 During the prior year the issuer acquired a business and recorded both goodwill and intangible assets. During the year under audit the issuer performed an impairment analysis as a result of the discovery of misrepresentations the seller made and recorded an impairment loss for that goodwill. The firm did not identify that certain of these misrepresentations existed at the date of the audit report for the prior year and evaluate whether appropriate revisions to the prior year's financial statements should have been disclosed in the financial statements of the year under audit. (AS 2905.04 .05 and .06) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 12 AS 2502 26 The firm did not evaluate the reasonableness of assumptions used in the issuer's goodwill impairment analysis. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 12 AS 2502 28 The firm did not evaluate the reasonableness of assumptions used in the issuer's goodwill impairment analysis. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 13 AS 2501 7 The firm did not evaluate the reasonableness of the issuer's conclusion that its other intangible assets related to this reporting unit were not also impaired. (AS 2501.07; AS 2810.03) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 13 AS 2810 3 The firm did not evaluate the reasonableness of the issuer's conclusion that its other intangible assets related to this reporting unit were not also impaired. (AS 2501.07; AS 2810.03) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Comparability of Financial Statements 14 AS 2820 2 During the year under audit the issuer disclosed that it corrected certain immaterial errors contained in its prior year financial statements. The firm did not evaluate the issuer's conclusion that these errors were immaterial to each affected year and whether the comparability of the financial statements between periods was materially affected by the adjustments that were made to previously issued financial statements. (AS 2820.02) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill 1 AS 2810 30 In its annual goodwill impairment test the issuer compared the fair value of a reporting unit to the recorded amount of goodwill. The firm did not identify and evaluate the significance to the issuer's financial statements of a departure from GAAP related to the issuer's failure to compare the fair value of the reporting unit to its carrying amount including goodwill in conformity with FASB ASC Topic 350 Intangibles — Goodwill and Other. (AS 2810.30) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill 2 AS 2502 26 The firm did not perform any procedures to evaluate the reasonableness of certain assumptions used by the issuer to estimate the fair value of the reporting unit. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill 2 AS 2502 28 The firm did not perform any procedures to evaluate the reasonableness of certain assumptions used by the issuer to estimate the fair value of the reporting unit. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2310 29 To test accounts receivable the firm sent confirmation requests either by mail or electronic mail to a selection of the issuer's customers that met certain criteria. The following deficiencies were identified: • The firm received electronic responses to certain of its confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2310 31 To test accounts receivable the firm sent confirmation requests either by mail or electronic mail to a selection of the issuer's customers that met certain criteria. The following deficiencies were identified: • The firm did not perform alternative procedures for positive confirmation requests for which it did not receive a response. (AS 2310.31) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 2310 33 To test accounts receivable the firm sent confirmation requests either by mail or electronic mail to a selection of the issuer's customers that met certain criteria. The following deficiencies were identified: • The firm did not evaluate the nature of exceptions in returned confirmations. (AS 2310.33) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 6 AS 1105 27 To test accounts receivable the firm sent confirmation requests either by mail or electronic mail to a selection of the issuer's customers that met certain criteria. The following deficiencies were identified: • The firm did not perform any procedures to test the remaining population of accounts receivable that was not included in the confirmation selections. (AS 1105.27) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 2501 9 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to test the assumptions the issuer used to determine the allowance. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 2501 10 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to test the assumptions the issuer used to determine the allowance. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 2501 11 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to test the assumptions the issuer used to determine the allowance. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 8 AS 1105 10 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not test the accuracy and completeness of data the issuer used to determine the allowance. (AS 1105.10; AS 2501.11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 8 AS 2501 11 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not test the accuracy and completeness of data the issuer used to determine the allowance. (AS 1105.10; AS 2501.11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Going Concern 9 AS 2415 3 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated. The firm did not sufficiently evaluate management's plans because it did not assess the likelihood that the issuer could obtain additional funding. (AS 2415.03 and .08) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Going Concern 9 AS 2415 8 During the year under audit the firm identified conditions and events that caused it to believe there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time and concluded that the substantial doubt was alleviated. The firm did not sufficiently evaluate management's plans because it did not assess the likelihood that the issuer could obtain additional funding. (AS 2415.03 and .08) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer recognized revenue using certain inputs and assumptions to measure its progress toward the completion of its performance obligations. The firm's approach for substantively testing the estimate of progress toward completion was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of this estimate because the firm did not test the accuracy and completeness of the inputs the issuer used to determine the estimate. (AS 1105.10; AS 2501.11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2501 11 The issuer recognized revenue using certain inputs and assumptions to measure its progress toward the completion of its performance obligations. The firm's approach for substantively testing the estimate of progress toward completion was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of this estimate because the firm did not test the accuracy and completeness of the inputs the issuer used to determine the estimate. (AS 1105.10; AS 2501.11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2501 9 The issuer recognized revenue using certain inputs and assumptions to measure its progress toward the completion of its performance obligations. The firm's approach for substantively testing the estimate of progress toward completion was to review and test management's process. The firm did not perform procedures to test the assumptions the issuer used to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2501 10 The issuer recognized revenue using certain inputs and assumptions to measure its progress toward the completion of its performance obligations. The firm's approach for substantively testing the estimate of progress toward completion was to review and test management's process. The firm did not perform procedures to test the assumptions the issuer used to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2501 11 The issuer recognized revenue using certain inputs and assumptions to measure its progress toward the completion of its performance obligations. The firm's approach for substantively testing the estimate of progress toward completion was to review and test management's process. The firm did not perform procedures to test the assumptions the issuer used to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 3 AS 2810 30 The issuer reported goodwill and/or intangible assets in certain reporting units. The issuer estimated the fair value of certain of these reporting units to assess whether there was a potential impairment. The following deficiencies were identified: • With respect to one reporting unit the firm did not identify and evaluate the significance to the issuer's financial statement of a departure from GAAP related to the issuer combining indefinite-lived intangible assets with goodwill and finite-lived assets when performing its impairment testing which is not in conformity with FASB ASC Topic 350. (AS 2810.30) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2502 26 The issuer reported goodwill and/or intangible assets in certain reporting units. The issuer estimated the fair value of certain of these reporting units to assess whether there was a potential impairment. The following deficiencies were identified: • The firm did not evaluate the reasonableness of significant assumptions used by the issuer in its estimate of fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2502 28 The issuer reported goodwill and/or intangible assets in certain reporting units. The issuer estimated the fair value of certain of these reporting units to assess whether there was a potential impairment. The following deficiencies were identified: • The firm did not evaluate the reasonableness of significant assumptions used by the issuer in its estimate of fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 5 AS 2502 26 The issuer reported goodwill and/or intangible assets in certain reporting units. The issuer estimated the fair value of certain of these reporting units to assess whether there was a potential impairment. The following deficiencies were identified: • With respect to another reporting unit the firm did not evaluate the reasonableness of the assumptions used by the issuer in its estimate of the fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 5 AS 2502 28 The issuer reported goodwill and/or intangible assets in certain reporting units. The issuer estimated the fair value of certain of these reporting units to assess whether there was a potential impairment. The following deficiencies were identified: • With respect to another reporting unit the firm did not evaluate the reasonableness of the assumptions used by the issuer in its estimate of the fair value. (AS 2502.26 and .28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 6 AS 2301 8 The issuer reported goodwill and/or intangible assets in certain reporting units. The issuer estimated the fair value of certain of these reporting units to assess whether there was a potential impairment. The following deficiencies were identified: • With respect to a third reporting unit the firm did not perform any procedures to evaluate whether the issuer tested goodwill for impairment. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm selected certain revenue contracts for testing. The firm did not identify and test whether all relevant performance obligations for revenue recognition had been met for those contracts selected for testing. (AS 2301.08) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2315 25 For one type of revenue the firm used a sampling tool to determine the sample size for testing but only tested a subset of the sample. (AS 2315.25) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2310 28 The firm sent confirmation requests to a sample of customers and a majority of the confirmation responses received were provided to the firm after having been initially received by the issuer. The firm did not maintain control over the confirmation requests and responses through direct communication between the firm and the intended recipients of the confirmation requests. (AS 2310.28) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 1105 27 For another type of revenue the firm selected transactions for testing that met certain criteria. The firm did not perform any procedures to test the remaining population that was not included in the selections. (AS 1105.27) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 1105 10 For another type of revenue the firm selected transactions for testing that met certain criteria. The firm did not perform any substantive procedures to test or in the alternative test controls over the accuracy and completeness of issuer-generated invoices used in the firm's testing of this type of revenue. (AS 1105.10) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 6 AS 2310 29 The firm received electronic responses to its accounts receivable confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 7 AS 2501 9 The firm's approach for substantively testing the allowance for doubtful accounts was to review subsequent transactions. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm limited its procedures to reviewing cash collections subsequent to year end for one customer's accounts receivable balance. (AS 2501.09 .10 and .13) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 7 AS 2501 10 The firm's approach for substantively testing the allowance for doubtful accounts was to review subsequent transactions. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm limited its procedures to reviewing cash collections subsequent to year end for one customer's accounts receivable balance. (AS 2501.09 .10 and .13) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 7 AS 2501 13 The firm's approach for substantively testing the allowance for doubtful accounts was to review subsequent transactions. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm limited its procedures to reviewing cash collections subsequent to year end for one customer's accounts receivable balance. (AS 2501.09 .10 and .13) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Debt 1 AS 2810 30 The firm did not identify and evaluate the significance to the issuer's financial statements of a departure from GAAP related to the conversion features of certain convertible notes that should have been accounted for as either beneficial conversion features in conformity with FASB ASC Subtopic 470-20 Debt — Debt with Conversion and Other Options or as embedded derivatives in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Debt 2 AS 2810 17 The firm identified errors related to certain of the issuer's convertible notes. The firm did not evaluate whether the uncorrected misstatements were material individually or in combination with other misstatements. (AS 2810.17) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Goodwill 3 AS 2810 3 The issuer performed a qualitative assessment of goodwill impairment and used a recent fair value calculation prepared by an external specialist in concluding to not perform a quantitative goodwill impairment test. The firm did not sufficiently evaluate whether the issuer considered certain relevant events or changes in circumstances in conformity with FASB ASC Subtopic 350-20 Intangibles — Goodwill and Other— Goodwill including the issuer's operating losses negative working capital and substantial doubt about the issuer's ability to continue as a going concern. (AS 2810.03 and .30) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Goodwill 3 AS 2810 30 The issuer performed a qualitative assessment of goodwill impairment and used a recent fair value calculation prepared by an external specialist in concluding to not perform a quantitative goodwill impairment test. The firm did not sufficiently evaluate whether the issuer considered certain relevant events or changes in circumstances in conformity with FASB ASC Subtopic 350-20 Intangibles — Goodwill and Other— Goodwill including the issuer's operating losses negative working capital and substantial doubt about the issuer's ability to continue as a going concern. (AS 2810.03 and .30) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 2501 9 The issuer performed a qualitative assessment of goodwill impairment and used a recent fair value calculation prepared by an external specialist in concluding to not perform a quantitative goodwill impairment test. The firm did not perform any procedures beyond inquiry of the external specialist to (1) test the data (2) evaluate the reasonableness of assumptions and (3) evaluate the relevance and reliability of information the specialist used in the recent fair value calculation that the firm used to support its evaluation of the issuer's qualitative assessment. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 2501 10 The issuer performed a qualitative assessment of goodwill impairment and used a recent fair value calculation prepared by an external specialist in concluding to not perform a quantitative goodwill impairment test. The firm did not perform any procedures beyond inquiry of the external specialist to (1) test the data (2) evaluate the reasonableness of assumptions and (3) evaluate the relevance and reliability of information the specialist used in the recent fair value calculation that the firm used to support its evaluation of the issuer's qualitative assessment. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Goodwill 4 AS 2501 11 The issuer performed a qualitative assessment of goodwill impairment and used a recent fair value calculation prepared by an external specialist in concluding to not perform a quantitative goodwill impairment test. The firm did not perform any procedures beyond inquiry of the external specialist to (1) test the data (2) evaluate the reasonableness of assumptions and (3) evaluate the relevance and reliability of information the specialist used in the recent fair value calculation that the firm used to support its evaluation of the issuer's qualitative assessment. (AS 2501.09 .10 and .11) Triennially Inspected 5041 B F Borgers CPA PC 2019 United States 2021-08-16T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Inventory 1 AS 1105 10 The firm performed inventory observations at an interim date and performed roll-forward procedures for the period from the interim date to year end. The firm did not perform any substantive procedures to test or in the alternative test controls over the accuracy and completeness of information the firm used in performing the roll-forward procedures. (AS 1105.10) Triennially Inspected 5814 RAM ASSOCIATES 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 16 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the firm (1) did not consider appropriate factors such as the firm's established tolerable misstatement and the characteristics of the population and (2) included erroneous inputs as to the size of the population identification of a significant risk and the level of assurance to be obtained from other procedures. (AS 2315.16 .23 and .23A) Triennially Inspected 5814 RAM ASSOCIATES 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the firm (1) did not consider appropriate factors such as the firm's established tolerable misstatement and the characteristics of the population and (2) included erroneous inputs as to the size of the population identification of a significant risk and the level of assurance to be obtained from other procedures. (AS 2315.16 .23 and .23A) Triennially Inspected 5814 RAM ASSOCIATES 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the firm (1) did not consider appropriate factors such as the firm's established tolerable misstatement and the characteristics of the population and (2) included erroneous inputs as to the size of the population identification of a significant risk and the level of assurance to be obtained from other procedures. (AS 2315.16 .23 and .23A) Triennially Inspected 5814 RAM ASSOCIATES 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 2 AS 2810 30 The issuer engaged an external specialist to determine its enterprise value and used that valuation in its impairment analyses for its goodwill and intangible assets. The following deficiencies were identified: • The firm did not evaluate whether the issuer's impairment analyses were performed in accordance with FASB ASC Topic 350 Intangibles — Goodwill and Other. (AS 2810.30) Triennially Inspected 5814 RAM ASSOCIATES 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 3 AS 1210 12 The issuer engaged an external specialist to determine its enterprise value and used that valuation in its impairment analyses for its goodwill and intangible assets. The following deficiencies were identified: • The firm did not test the completeness and accuracy of data used by the external specialist to determine the enterprise value. (AS 1210.12) Triennially Inspected 5814 RAM ASSOCIATES 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2502 9 The issuer engaged an external specialist to determine its enterprise value and used that valuation in its impairment analyses for its goodwill and intangible assets. The following deficiencies were identified: • The firm did not obtain an understanding of the process used by management to determine fair value of goodwill and each of the intangible assets and the resulting impairment. (AS 2502.09) Triennially Inspected 5814 RAM ASSOCIATES 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 5 AS 2502 26 The issuer engaged an external specialist to determine its enterprise value and used that valuation in its impairment analyses for its goodwill and intangible assets. The following deficiencies were identified: • The firm did not evaluate the reasonableness of assumptions used in the impairment analyses. (AS 2502.26 and .28) Triennially Inspected 5814 RAM ASSOCIATES 2019 United States 2021-08-16T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 5 AS 2502 28 The issuer engaged an external specialist to determine its enterprise value and used that valuation in its impairment analyses for its goodwill and intangible assets. The following deficiencies were identified: • The firm did not evaluate the reasonableness of assumptions used in the impairment analyses. (AS 2502.26 and .28) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 For one of the issuer's reporting units: · The issuer uses an application to record invoices and the resulting revenue and generate revenue reports. The firm selected for testing change management controls that consisted of the review of changes to this application. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 For one of the issuer's reporting units: · The issuer uses an application to record invoices and the resulting revenue and generate revenue reports. The firm selected for testing change management controls that consisted of the review of changes to this application. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 For one of the issuer's reporting units: · The issuer uses an application to record invoices and the resulting revenue and generate revenue reports. The firm did not identify and test any controls (1) over the completeness of information used in the operation of these controls and (2) that addressed the risk of developers migrating unapproved changes to production. (AS 2201.39) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 For one of the issuer's reporting units: · The firm selected for testing a control that consisted of management's review of customer invoices. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 For one of the issuer's reporting units: · The firm selected for testing a control that consisted of management's review of customer invoices. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 For one of the issuer's reporting units: · In addition the firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of this control. (AS 2201.39) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 For one of the issuer's reporting units: · The firm did not identify and test any controls that addressed the fraud risk of improper recognition of certain revenue at year end. (AS 2201.39) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 16 For one of the issuer's reporting units: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of change management and management's review of customer invoices controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 18 For one of the issuer's reporting units: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of change management and management's review of customer invoices controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 37 For one of the issuer's reporting units: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of change management and management's review of customer invoices controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 19 For one of the issuer's reporting units: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of change management and management's review of customer invoices controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23 For one of the issuer's reporting units: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of change management and management's review of customer invoices controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23A For one of the issuer's reporting units: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of change management and management's review of customer invoices controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 7 AS 1210 12 During the year the issuer acquired a business entity and used an external specialist to determine the fair value of the acquired intangible assets. The firm's approach for testing the fair value was to review and test management's process. The firm did not sufficiently (1) evaluate the reasonableness of forecasts and (2) test the accuracy and completeness of data that the issuer provided to the external specialist because it limited its procedures to inquiry of management. (AS 1210.12) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 8 AS 2502 31 The external specialist used information from various other sources to develop assumptions to determine the fair value of those assets. The firm did not evaluate the relevance and reliability of information the external specialist used. (AS 2502.31) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 9 AS 2502 26 The external specialist used information from various other sources to develop assumptions to determine the fair value of those assets. The firm did not sufficiently evaluate the reasonableness of the assumptions developed by the external valuation specialist because it limited its procedures to inquiry of management. (AS 2502.26 and .28) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 9 AS 2502 28 The external specialist used information from various other sources to develop assumptions to determine the fair value of those assets. The firm did not sufficiently evaluate the reasonableness of the assumptions developed by the external valuation specialist because it limited its procedures to inquiry of management. (AS 2502.26 and .28) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control over certain revenue that consisted of the automated generation of a customer invoice and recognition of related revenue upon shipment of goods. The firm did not test the configuration of the system or any instances of the control that occurred during the year (AS 2201.42 and .44) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control over certain revenue that consisted of the automated generation of a customer invoice and recognition of related revenue upon shipment of goods. The firm did not test the configuration of the system or any instances of the control that occurred during the year (AS 2201.42 and .44) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing a control over certain other revenue that consisted of management's review of customer invoices. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing a control over certain other revenue that consisted of management's review of customer invoices. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The firm selected for testing a control over certain other revenue that consisted of management's review of customer invoices. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of this control. (AS 2201.39) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) the firm did not appropriately consider tolerable misstatement for the population and (2) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) the firm did not appropriately consider tolerable misstatement for the population and (2) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) the firm did not appropriately consider tolerable misstatement for the population and (2) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) the firm did not appropriately consider tolerable misstatement for the population and (2) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) the firm did not appropriately consider tolerable misstatement for the population and (2) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) the firm did not appropriately consider tolerable misstatement for the population and (2) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The firm tested information technology general controls for an application used to process revenue and accounts receivable transactions and identified control deficiencies related to access and change management. The firm selected for testing controls over certain revenue that consisted of the automated generation of a customer invoice and recognition of related revenue and accounts receivable upon shipment of goods. The firm did not sufficiently test these controls because it tested only one instance which was not appropriate due to the identified control deficiencies. (AS 2201.46) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The firm tested information technology general controls for an application used to process revenue and accounts receivable transactions and identified control deficiencies related to access and change management. The firm selected for testing controls over certain revenue that consisted of the automated generation of a customer invoice and recognition of related revenue and accounts receivable upon shipment of goods. The firm did not sufficiently test these controls because it tested only one instance which was not appropriate due to the identified control deficiencies. (AS 2201.46) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of automated controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of automated controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of automated controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of automated controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of automated controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 166 Plante & Moran, PLLC 2019 United States 2021-07-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing of automated controls discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and 23A) Triennially Inspected 404 McNair, McLemore, Middlebrooks & Co., LLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of newly originated loans for proper approvals proper documentation and accuracy of the upload to the loan system. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 404 McNair, McLemore, Middlebrooks & Co., LLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of newly originated loans for proper approvals proper documentation and accuracy of the upload to the loan system. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 404 McNair, McLemore, Middlebrooks & Co., LLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 2 AS 2301 16 The sample size the firm used in its substantive procedures to test loans was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 404 McNair, McLemore, Middlebrooks & Co., LLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 2 AS 2301 18 The sample size the firm used in its substantive procedures to test loans was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 404 McNair, McLemore, Middlebrooks & Co., LLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 2 AS 2301 37 The sample size the firm used in its substantive procedures to test loans was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 404 McNair, McLemore, Middlebrooks & Co., LLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 2 AS 2315 19 The sample size the firm used in its substantive procedures to test loans was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 404 McNair, McLemore, Middlebrooks & Co., LLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 2 AS 2315 23 The sample size the firm used in its substantive procedures to test loans was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 404 McNair, McLemore, Middlebrooks & Co., LLC 2019 United States 2021-07-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 2 AS 2315 23A The sample size the firm used in its substantive procedures to test loans was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2810 30 The issuer acquired businesses with contingent equity consideration arrangements. The firm did not identify and appropriately address a departure from GAAP related to the issuer's classification of the contingent consideration as equity rather than liabilities as required by FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30) Unrelated and prior to our review the issuer reevaluated its accounting treatment for the contingent consideration and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2301 8 For revenue transactions and accounts receivable selected for substantive testing the firm did not examine the underlying source documents. (AS 2301.08) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 3 AS 2301 8 The firm did not perform sufficient revenue cutoff procedures because the firm's testing was limited to sales transactions recorded on one date and shipped by one carrier. (AS 2301.08) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Accounts Receivable 4 AS 2501 7 The firm did not sufficiently evaluate the reasonableness of the issuer's allowance for doubtful accounts because it did not evaluate (1) the appropriateness of the issuer's method for determining the reserve and (2) whether the recorded reserve was determined in accordance with that method. (AS 2501.07) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 18 Long-lived assets were assessed as having a significant risk. The firm relied on control testing performed by management to assess the operating effectiveness of certain controls over long-lived assets. A member of management who performed the control testing was also the control owner of the controls selected for testing. The firm did not evaluate the objectivity of the member of management who performed the control testing and whether its reliance on management's control testing work was appropriate. (AS 2201.18; AS 2605.10) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2605 10 Long-lived assets were assessed as having a significant risk. The firm relied on control testing performed by management to assess the operating effectiveness of certain controls over long-lived assets. A member of management who performed the control testing was also the control owner of the controls selected for testing. The firm did not evaluate the objectivity of the member of management who performed the control testing and whether its reliance on management's control testing work was appropriate. (AS 2201.18; AS 2605.10) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 42 The firm selected for testing a control related to management's review and approval of purchases of long-lived assets. The firm did not evaluate the specific review procedures the control owner performed to review and approve account codes assigned to purchases. (AS 2201.42 and .44) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 44 The firm selected for testing a control related to management's review and approval of purchases of long-lived assets. The firm did not evaluate the specific review procedures the control owner performed to review and approve account codes assigned to purchases. (AS 2201.42 and .44) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 39 The firm selected for testing a control related to management's review and approval of purchases of long-lived assets. The firm did not identify and test any controls that addressed the completeness of the purchase invoices used in the operation of the control. (AS 2201.39) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 39 The firm selected for testing a control related to management's quarterly review of a long-lived assets schedule intended to assess whether changes in the long-lived assets balances are reasonable. The firm did not identify and test any controls over the accuracy and completeness of the long-lived assets schedules used in the operation of the control. (AS 2201.39) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Equity and Equity-Related Transactions 5 AS 2201 B22 The issuer engaged an external service provider to provide transfer agent services and subscription agent services. The firm did not test any of the complementary user controls described in the service auditor's report for the service provider. (AS 2201.B22) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Equity and Equity-Related Transactions 6 AS 2201 39 The firm selected for testing a control related to management's review of equity and equity activity schedules which were derived from reports provided by the service provider. The firm did not (as discussed above) sufficiently test controls over the accuracy and completeness of the information the issuer used in the operation of the control. (AS 2201.39) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Equity and Equity-Related Transactions 7 AS 1105 10 The firm used data and reports from the service provider in its substantive testing of equity but did not test or sufficiently test controls over the completeness of the data and reports. (AS 1105.10) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer's revenue processes were highly automated with transactions being initiated processed and recorded by multiple information-technology ('IT') systems. The firm used sales payment processing and cash receipt data generated or maintained by the IT systems in its substantive revenue testing. However the firm did not test or in the alternative identify and test any controls over the completeness and accuracy of the data. (AS 1105.10) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 For its substantive revenue testing the firm selected transactions from the prepaid deposits and deferred revenue populations as of the end of the year under audit. The firm did not perform any substantive procedures to test transactions for which revenue had been recognized during the year. (AS 2301.08) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2501 7 The firm did not evaluate whether the issuer considered in its impairment analysis certain impairment indicators including recurring operating losses net losses negative cash flows from operations and cumulative net losses since inception of the issuer. (AS 2501.07; AS 2810.03) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2810 3 The firm did not evaluate whether the issuer considered in its impairment analysis certain impairment indicators including recurring operating losses net losses negative cash flows from operations and cumulative net losses since inception of the issuer. (AS 2501.07; AS 2810.03) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2501 7 The firm did not (1) obtain an understanding of how the issuer developed its inventory reserve and (2) perform procedures to test the inventory reserve beyond inquiry of management. Further the firm did not evaluate the effects of an impairment charge recorded by the issuer on the valuation of other similar assets in inventory. (AS 2501.07; AS 2810.03) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2810 3 The firm did not (1) obtain an understanding of how the issuer developed its inventory reserve and (2) perform procedures to test the inventory reserve beyond inquiry of management. Further the firm did not evaluate the effects of an impairment charge recorded by the issuer on the valuation of other similar assets in inventory. (AS 2501.07; AS 2810.03) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2510 14 Certain inventory representing a significant proportion of current assets was held by an outside custodian. The firm did not perform sufficient procedures to test the existence of this inventory because it limited its procedures to confirming the quantities of this inventory with the custodian. (AS 2510.14) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 In performing its substantive procedures of the issuer's revenue the firm did not sufficiently evaluate whether (1) the issuer's arrangements with a third party represented a contract with an identifiable customer and (2) the issuer's performance obligations should be evaluated jointly or separately in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers ('ASC 606'). (AS 2810.30) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 4 The firm used certain price and quantity information from outside sources in its substantive testing of revenue but did not perform any procedures to evaluate the relevance and/or reliability of such information. (AS 1105.04 and .06; AS 2502.40) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 6 The firm used certain price and quantity information from outside sources in its substantive testing of revenue but did not perform any procedures to evaluate the relevance and/or reliability of such information. (AS 1105.04 and .06; AS 2502.40) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2502 40 The firm used certain price and quantity information from outside sources in its substantive testing of revenue but did not perform any procedures to evaluate the relevance and/or reliability of such information. (AS 1105.04 and .06; AS 2502.40) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2305 16 In its analytical procedures over revenue the firm used data from the issuer to develop its expectations but did not test the accuracy and completeness of the data. (AS 2305.16) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2305 13 In its analytical procedures over revenue the firm did not (1) evaluate the plausibility and predictability of the relationship among the data used in developing the revenue expectations (2) establish thresholds for investigating differences from expectations and (3) perform procedures to evaluate differences identified beyond inquiries of management. (AS 2305.13 .14 .20 and .21) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2305 14 In its analytical procedures over revenue the firm did not (1) evaluate the plausibility and predictability of the relationship among the data used in developing the revenue expectations (2) establish thresholds for investigating differences from expectations and (3) perform procedures to evaluate differences identified beyond inquiries of management. (AS 2305.13 .14 .20 and .21) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2305 20 In its analytical procedures over revenue the firm did not (1) evaluate the plausibility and predictability of the relationship among the data used in developing the revenue expectations (2) establish thresholds for investigating differences from expectations and (3) perform procedures to evaluate differences identified beyond inquiries of management. (AS 2305.13 .14 .20 and .21) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2305 21 In its analytical procedures over revenue the firm did not (1) evaluate the plausibility and predictability of the relationship among the data used in developing the revenue expectations (2) establish thresholds for investigating differences from expectations and (3) perform procedures to evaluate differences identified beyond inquiries of management. (AS 2305.13 .14 .20 and .21) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 1105 10 With respect to service agreements with other parties the issuer prepared monthly schedules of its revenue earned from those agreements. The firm did not test the accuracy and completeness of certain data included in such schedules. (AS 1105.10) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 6 AS 2810 3 With respect to service agreements with other parties the issuer prepared monthly schedules of its revenue earned from those agreements. The firm did not evaluate the inconsistency of certain data between the schedules the service agreements and the financial statement disclosures. (AS 2810.03) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2502 26 The issuer engaged a specialist to assist in its impairment analysis of its finite-lived intangible assets by determining the fair value of the assets. The firm did not evaluate the reasonableness of the assumptions used by the issuer-engaged specialist in determining the fair value of the assets. (AS 2502.26 and .28) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Intangible Assets 1 AS 2502 28 The issuer engaged a specialist to assist in its impairment analysis of its finite-lived intangible assets by determining the fair value of the assets. The firm did not evaluate the reasonableness of the assumptions used by the issuer-engaged specialist in determining the fair value of the assets. (AS 2502.26 and .28) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 1210 12 The issuer engaged a specialist to assist in its impairment analysis of its finite-lived intangible assets by determining the fair value of the assets. The firm did not test the cash flow projections the issuer provided to the issuer-engaged specialist. (AS 1210.12) Triennially Inspected 587 RBSM LLP 2019 United States 2021-07-28T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm did not test or in the alternative identify and test any controls over the completeness and accuracy of a management report that the firm used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Secured Notes Payable and Related Accounts 1 AS 2810 30 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The firm did not identify or appropriately address departures from GAAP related to the omission of certain disclosures pertaining to mortgages owned and MSNs as required by FASB ASC Topic 310 Receivables and FASB ASC Topic 942 Financial Services — Depository and Lending related to accounting policies credit quality information and terms and conditions of the MSN agreements. (AS 2810.30 and 31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Servicing Rights Asset and Related Accounts 1 AS 2810 30 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The firm did not identify or appropriately address departures from GAAP related to the omission of certain disclosures pertaining to mortgages owned and MSNs as required by FASB ASC Topic 310 Receivables and FASB ASC Topic 942 Financial Services — Depository and Lending related to accounting policies credit quality information and terms and conditions of the MSN agreements. (AS 2810.30 and 31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgages Owned and Related Accounts 1 AS 2810 30 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The firm did not identify or appropriately address departures from GAAP related to the omission of certain disclosures pertaining to mortgages owned and MSNs as required by FASB ASC Topic 310 Receivables and FASB ASC Topic 942 Financial Services — Depository and Lending related to accounting policies credit quality information and terms and conditions of the MSN agreements. (AS 2810.30 and 31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Secured Notes Payable and Related Accounts 1 AS 2810 31 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The firm did not identify or appropriately address departures from GAAP related to the omission of certain disclosures pertaining to mortgages owned and MSNs as required by FASB ASC Topic 310 Receivables and FASB ASC Topic 942 Financial Services — Depository and Lending related to accounting policies credit quality information and terms and conditions of the MSN agreements. (AS 2810.30 and 31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Servicing Rights Asset and Related Accounts 1 AS 2810 31 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The firm did not identify or appropriately address departures from GAAP related to the omission of certain disclosures pertaining to mortgages owned and MSNs as required by FASB ASC Topic 310 Receivables and FASB ASC Topic 942 Financial Services — Depository and Lending related to accounting policies credit quality information and terms and conditions of the MSN agreements. (AS 2810.30 and 31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgages Owned and Related Accounts 1 AS 2810 31 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The firm did not identify or appropriately address departures from GAAP related to the omission of certain disclosures pertaining to mortgages owned and MSNs as required by FASB ASC Topic 310 Receivables and FASB ASC Topic 942 Financial Services — Depository and Lending related to accounting policies credit quality information and terms and conditions of the MSN agreements. (AS 2810.30 and 31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Secured Notes Payable and Related Accounts 2 AS 2810 30 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The issuer recorded the mortgages owned and MSNs on its balance sheet as if the transactions had been accounted for as secured borrowings but recognized direct origination fees immediately upon loan funding and recorded a MSR as if the transactions had been accounted for as sales. The firm did not identify and evaluate the effect on the issuer's financial statements of a GAAP departure related to the issuer's accounting treatment of these transactions. Specifically the firm did not evaluate whether the issuer's securitization of its mortgages owned through the issuance of MSNs met the conditions to be accounted for as a sale or as a secured borrowing in conformity with FASB ASC Topic 860 Transfers and Servicing. (AS 2810.30) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Servicing Rights Asset and Related Accounts 2 AS 2810 30 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The issuer recorded the mortgages owned and MSNs on its balance sheet as if the transactions had been accounted for as secured borrowings but recognized direct origination fees immediately upon loan funding and recorded a MSR as if the transactions had been accounted for as sales. The firm did not identify and evaluate the effect on the issuer's financial statements of a GAAP departure related to the issuer's accounting treatment of these transactions. Specifically the firm did not evaluate whether the issuer's securitization of its mortgages owned through the issuance of MSNs met the conditions to be accounted for as a sale or as a secured borrowing in conformity with FASB ASC Topic 860 Transfers and Servicing. (AS 2810.30) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgages Owned and Related Accounts 2 AS 2810 30 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The issuer recorded the mortgages owned and MSNs on its balance sheet as if the transactions had been accounted for as secured borrowings but recognized direct origination fees immediately upon loan funding and recorded a MSR as if the transactions had been accounted for as sales. The firm did not identify and evaluate the effect on the issuer's financial statements of a GAAP departure related to the issuer's accounting treatment of these transactions. Specifically the firm did not evaluate whether the issuer's securitization of its mortgages owned through the issuance of MSNs met the conditions to be accounted for as a sale or as a secured borrowing in conformity with FASB ASC Topic 860 Transfers and Servicing. (AS 2810.30) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Secured Notes Payable and Related Accounts 3 AS 2810 30 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The issuer recorded the mortgages owned and MSNs on its balance sheet as if the transactions had been accounted for as secured borrowings but recognized direct origination fees immediately upon loan funding and recorded a MSR as if the transactions had been accounted for as sales. The firm did not evaluate whether the issuer's presentation of interest income earned net of interest expense incurred in its income statement was appropriate. (AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Servicing Rights Asset and Related Accounts 3 AS 2810 30 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The issuer recorded the mortgages owned and MSNs on its balance sheet as if the transactions had been accounted for as secured borrowings but recognized direct origination fees immediately upon loan funding and recorded a MSR as if the transactions had been accounted for as sales. The firm did not evaluate whether the issuer's presentation of interest income earned net of interest expense incurred in its income statement was appropriate. (AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgages Owned and Related Accounts 3 AS 2810 30 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The issuer recorded the mortgages owned and MSNs on its balance sheet as if the transactions had been accounted for as secured borrowings but recognized direct origination fees immediately upon loan funding and recorded a MSR as if the transactions had been accounted for as sales. The firm did not evaluate whether the issuer's presentation of interest income earned net of interest expense incurred in its income statement was appropriate. (AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Secured Notes Payable and Related Accounts 3 AS 2810 31 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The issuer recorded the mortgages owned and MSNs on its balance sheet as if the transactions had been accounted for as secured borrowings but recognized direct origination fees immediately upon loan funding and recorded a MSR as if the transactions had been accounted for as sales. The firm did not evaluate whether the issuer's presentation of interest income earned net of interest expense incurred in its income statement was appropriate. (AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Servicing Rights Asset and Related Accounts 3 AS 2810 31 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The issuer recorded the mortgages owned and MSNs on its balance sheet as if the transactions had been accounted for as secured borrowings but recognized direct origination fees immediately upon loan funding and recorded a MSR as if the transactions had been accounted for as sales. The firm did not evaluate whether the issuer's presentation of interest income earned net of interest expense incurred in its income statement was appropriate. (AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgages Owned and Related Accounts 3 AS 2810 31 The issuer originated and serviced commercial mortgage loans and funded these mortgage loans by securitizing them directly in the capital markets through the issuance of MSNs which were secured by these same mortgages. The issuer recorded the mortgages owned and MSNs on its balance sheet as if the transactions had been accounted for as secured borrowings but recognized direct origination fees immediately upon loan funding and recorded a MSR as if the transactions had been accounted for as sales. The firm did not evaluate whether the issuer's presentation of interest income earned net of interest expense incurred in its income statement was appropriate. (AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Servicing Fee Income 4 AS 2401 66 During the year under audit the issuer entered into an agreement to sell its servicing fee income to an affiliated entity ('the buyer') for an 18-month period beginning after the end of the year under audit. The issuer's chief executive officer executed the agreement on behalf of (1) the buyer as the trustee of the affiliated entity (2) the issuer as seller and (3) himself as guarantor of the servicing fee income. The firm did not evaluate the business purpose (or lack thereof) of this transaction including whether it may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets. (AS 2401.66 .66A and .67) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Servicing Fee Income 4 AS 2401 67 During the year under audit the issuer entered into an agreement to sell its servicing fee income to an affiliated entity ('the buyer') for an 18-month period beginning after the end of the year under audit. The issuer's chief executive officer executed the agreement on behalf of (1) the buyer as the trustee of the affiliated entity (2) the issuer as seller and (3) himself as guarantor of the servicing fee income. The firm did not evaluate the business purpose (or lack thereof) of this transaction including whether it may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets. (AS 2401.66 .66A and .67) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Servicing Fee Income 4 AS 2401 66A During the year under audit the issuer entered into an agreement to sell its servicing fee income to an affiliated entity ('the buyer') for an 18-month period beginning after the end of the year under audit. The issuer's chief executive officer executed the agreement on behalf of (1) the buyer as the trustee of the affiliated entity (2) the issuer as seller and (3) himself as guarantor of the servicing fee income. The firm did not evaluate the business purpose (or lack thereof) of this transaction including whether it may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets. (AS 2401.66 .66A and .67) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Servicing Fee Income 5 AS 2410 11 During the year under audit the issuer entered into an agreement to sell its servicing fee income to an affiliated entity ('the buyer') for an 18-month period beginning after the end of the year under audit. The issuer's chief executive officer executed the agreement on behalf of (1) the buyer as the trustee of the affiliated entity (2) the issuer as seller and (3) himself as guarantor of the servicing fee income. The firm did not evaluate whether the issuer's accounting for and disclosure of the transaction as a sale was appropriate. (AS 2410.11 and .17; AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Servicing Fee Income 5 AS 2410 17 During the year under audit the issuer entered into an agreement to sell its servicing fee income to an affiliated entity ('the buyer') for an 18-month period beginning after the end of the year under audit. The issuer's chief executive officer executed the agreement on behalf of (1) the buyer as the trustee of the affiliated entity (2) the issuer as seller and (3) himself as guarantor of the servicing fee income. The firm did not evaluate whether the issuer's accounting for and disclosure of the transaction as a sale was appropriate. (AS 2410.11 and .17; AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Servicing Fee Income 5 AS 2810 30 During the year under audit the issuer entered into an agreement to sell its servicing fee income to an affiliated entity ('the buyer') for an 18-month period beginning after the end of the year under audit. The issuer's chief executive officer executed the agreement on behalf of (1) the buyer as the trustee of the affiliated entity (2) the issuer as seller and (3) himself as guarantor of the servicing fee income. The firm did not evaluate whether the issuer's accounting for and disclosure of the transaction as a sale was appropriate. (AS 2410.11 and .17; AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Servicing Fee Income 5 AS 2810 31 During the year under audit the issuer entered into an agreement to sell its servicing fee income to an affiliated entity ('the buyer') for an 18-month period beginning after the end of the year under audit. The issuer's chief executive officer executed the agreement on behalf of (1) the buyer as the trustee of the affiliated entity (2) the issuer as seller and (3) himself as guarantor of the servicing fee income. The firm did not evaluate whether the issuer's accounting for and disclosure of the transaction as a sale was appropriate. (AS 2410.11 and .17; AS 2810.30 and .31) Triennially Inspected 673 Richey, May & Co., LLP 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Servicing Fee Income 6 AS 2810 30 The firm did not identify and evaluate the significance to the issuer's financial statements of a GAAP departure related to the issuer's recognition of the gross proceeds from this transaction as revenue which was not in conformity with FASB ASC Topic 860. (AS 2810.30) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The issuer entered into agreements with counterparties some of whom were related parties to provide services to the issuer's customers. The issuer charged the counterparties a nonrefundable fee which the issuer recorded as revenue at the time of the agreement for facilitating the arrangement between the counterparty and the customer. The firm did not evaluate whether all of the criteria for revenue recognition under FASB ASC Topic 605 Revenue Recognition had been met including whether (1) services had been performed and (2) collectability was reasonably assured. (AS 2301.08; AS 2810.30) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The issuer entered into agreements with counterparties some of whom were related parties to provide services to the issuer's customers. The issuer charged the counterparties a nonrefundable fee which the issuer recorded as revenue at the time of the agreement for facilitating the arrangement between the counterparty and the customer. The firm did not evaluate whether all of the criteria for revenue recognition under FASB ASC Topic 605 Revenue Recognition had been met including whether (1) services had been performed and (2) collectability was reasonably assured. (AS 2301.08; AS 2810.30) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2410 3 The issuer entered into agreements with counterparties some of whom were related parties to provide services to the issuer's customers. The issuer charged the counterparties a nonrefundable fee which the issuer recorded as revenue at the time of the agreement for facilitating the arrangement between the counterparty and the customer. With respect to the counterparty agreements with related parties discussed above the firm did not (1) obtain an understanding of the business purpose of the transactions; (2) evaluate whether the issuer had properly identified all related parties and relationships and transactions with related parties; and (3) evaluate whether all related party transactions were disclosed in conformity with FASB ASC Topic 850 Related Party Disclosures. (AS 2410.03 .12 .14 and .17) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2410 12 The issuer entered into agreements with counterparties some of whom were related parties to provide services to the issuer's customers. The issuer charged the counterparties a nonrefundable fee which the issuer recorded as revenue at the time of the agreement for facilitating the arrangement between the counterparty and the customer. With respect to the counterparty agreements with related parties discussed above the firm did not (1) obtain an understanding of the business purpose of the transactions; (2) evaluate whether the issuer had properly identified all related parties and relationships and transactions with related parties; and (3) evaluate whether all related party transactions were disclosed in conformity with FASB ASC Topic 850 Related Party Disclosures. (AS 2410.03 .12 .14 and .17) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2410 14 The issuer entered into agreements with counterparties some of whom were related parties to provide services to the issuer's customers. The issuer charged the counterparties a nonrefundable fee which the issuer recorded as revenue at the time of the agreement for facilitating the arrangement between the counterparty and the customer. With respect to the counterparty agreements with related parties discussed above the firm did not (1) obtain an understanding of the business purpose of the transactions; (2) evaluate whether the issuer had properly identified all related parties and relationships and transactions with related parties; and (3) evaluate whether all related party transactions were disclosed in conformity with FASB ASC Topic 850 Related Party Disclosures. (AS 2410.03 .12 .14 and .17) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2410 17 The issuer entered into agreements with counterparties some of whom were related parties to provide services to the issuer's customers. The issuer charged the counterparties a nonrefundable fee which the issuer recorded as revenue at the time of the agreement for facilitating the arrangement between the counterparty and the customer. With respect to the counterparty agreements with related parties discussed above the firm did not (1) obtain an understanding of the business purpose of the transactions; (2) evaluate whether the issuer had properly identified all related parties and relationships and transactions with related parties; and (3) evaluate whether all related party transactions were disclosed in conformity with FASB ASC Topic 850 Related Party Disclosures. (AS 2410.03 .12 .14 and .17) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2501 7 The issuer's accounts receivable from related and unrelated parties consisted of nonrefundable fees from agreements discussed above which had payment terms beyond one year. The firm did not evaluate the assumptions the issuer used in estimating the allowance for doubtful accounts. (AS 2501.07) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2810 30 The issuer's accounts receivable from related and unrelated parties consisted of nonrefundable fees from agreements discussed above which had payment terms beyond one year. The firm did not evaluate whether the issuer's accounts receivable that were not expected to be collected within 12 months should have been classified as non-current assets in conformity with FASB ASC Topic 310 Receivables. (AS 2810.30) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 5 AS 2410 3 The issuer entered into an agreement with a related party in which the issuer was to receive quarterly fees from the related party. Since the inception of the agreement the quarterly fees were recorded as receivables and deferred revenue in the issuer's balance sheet. The issuer disclosed that its sole officer and director was also the beneficial owner of and controlled the related party. The firm did not: · Obtain an understanding of the business purpose (or lack thereof) of the transaction. (AS 2410.03) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 6 AS 2401 66 The issuer entered into an agreement with a related party in which the issuer was to receive quarterly fees from the related party. Since the inception of the agreement the quarterly fees were recorded as receivables and deferred revenue in the issuer's balance sheet. The issuer disclosed that its sole officer and director was also the beneficial owner of and controlled the related party. The firm did not: · Take the transaction into account in its identification of significant unusual transactions. (AS 2401.66) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2410 12 The issuer entered into an agreement with a related party in which the issuer was to receive quarterly fees from the related party. Since the inception of the agreement the quarterly fees were recorded as receivables and deferred revenue in the issuer's balance sheet. The issuer disclosed that its sole officer and director was also the beneficial owner of and controlled the related party. The firm did not: · Evaluate the financial capability of the related party with respect to the outstanding receivable balance. (AS 2410.12) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 8 AS 2410 17 The issuer entered into an agreement with a related party in which the issuer was to receive quarterly fees from the related party. Since the inception of the agreement the quarterly fees were recorded as receivables and deferred revenue in the issuer's balance sheet. The issuer disclosed that its sole officer and director was also the beneficial owner of and controlled the related party. The firm did not: · Evaluate whether the issuer's accounting for and disclosure of the transaction was appropriate. (AS 2410.17) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 9 AS 2405 7 During the audit the firm was aware of information concerning possible illegal acts committed by the issuer and an officer. The firm did not obtain an understanding of the nature of the acts the circumstances in which they occurred and sufficient other information to evaluate the effect on the financial statements. (AS 2405.07 and .10) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 9 AS 2405 10 During the audit the firm was aware of information concerning possible illegal acts committed by the issuer and an officer. The firm did not obtain an understanding of the nature of the acts the circumstances in which they occurred and sufficient other information to evaluate the effect on the financial statements. (AS 2405.07 and .10) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity Transactions 10 AS 2502 26 The firm did not evaluate (1) the fair value at the grant date of restricted common stock issued to employees and (2) whether stock-based compensation expense for all restricted common stock granted to employees was complete and appropriately recognized in conformity with FASB ASC Topic 718 Compensation — Stock Compensation. (AS 2502.26 and .28 AS 2810.30) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity Transactions 10 AS 2502 28 The firm did not evaluate (1) the fair value at the grant date of restricted common stock issued to employees and (2) whether stock-based compensation expense for all restricted common stock granted to employees was complete and appropriately recognized in conformity with FASB ASC Topic 718 Compensation — Stock Compensation. (AS 2502.26 and .28 AS 2810.30) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity Transactions 10 AS 2810 30 The firm did not evaluate (1) the fair value at the grant date of restricted common stock issued to employees and (2) whether stock-based compensation expense for all restricted common stock granted to employees was complete and appropriately recognized in conformity with FASB ASC Topic 718 Compensation — Stock Compensation. (AS 2502.26 and .28 AS 2810.30) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity Transactions 11 AS 2810 30 The issuer also recorded a note receivable from a shareholder secured by shares of restricted common stock. The firm did not evaluate whether the transaction should have been accounted for as stock-based compensation expense in conformity with FASB ASC Topic 718. (AS 2810.30) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity Transactions 12 AS 2810 30 The issuer entered into agreements in which it agreed to issue stock-based instruments to employees. The issuer represented to the firm that no instruments were outstanding under these agreements and no compensation expense had been recorded related to the agreements. The firm did not evaluate whether a grant date had occurred upon which compensation would be measured and recognition of compensation expense would begin in conformity with FASB ASC Topic 718. (AS 2810.30) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity Transactions 13 AS 2810 30 Under the terms of certain of the agreements with counterparties under which the issuer recorded revenue discussed above the issuer's payment to the counterparties in some cases included stock-based instruments of the issuer or related entities. The firm did not evaluate whether the stock-based instruments issued or promised to be issued to such counterparties were appropriately recognized and disclosed in the financial statements in conformity with FASB ASC Topic 505 Equity. (AS 2810.30) Unrelated and prior to our review the issuer reevaluated its accounting for stock-based compensation and the related effect on income tax and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 14 AS 2810 30 The issuer merged with its previous parent company in a business combination of entities under common control. The firm did not evaluate whether the merger was recognized and measured appropriately in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 15 AS 2810 30 The issuer merged with its previous parent company in a business combination of entities under common control. The firm did not identify and evaluate the significance of a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 805 including (1) comparative financial statements retrospectively adjusted as though the merger had occurred at the beginning of the prior period and (2) the method of accounting for the transfer of net assets or exchange of equity interests. (AS 2810.30 and.31) Triennially Inspected 3061 Yichien Yeh, CPA 2019 United States 2021-07-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 15 AS 2810 31 The issuer merged with its previous parent company in a business combination of entities under common control. The firm did not identify and evaluate the significance of a departure from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 805 including (1) comparative financial statements retrospectively adjusted as though the merger had occurred at the beginning of the prior period and (2) the method of accounting for the transfer of net assets or exchange of equity interests. (AS 2810.30 and.31) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 42 The issuer used various models to value certain derivatives. The firm selected for testing a control that consisted of the review and validation of (1) new or updated models and (2) existing models based on issuer-assigned risk ratings. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 44 The issuer used various models to value certain derivatives. The firm selected for testing a control that consisted of the review and validation of (1) new or updated models and (2) existing models based on issuer-assigned risk ratings. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 46 The firm selected for testing controls that consisted of the (1) review and validation at least annually of all models and (2) quarterly review of back testing results using historical loan information to assess the performance of certain models. The firm did not sufficiently test the first control because the firm's sample primarily consisted of models that the issuer had validated in the prior year which did not provide sufficient appropriate audit evidence as of the date of management's assessment of the effectiveness of the issuer's ICFR due to the (1) length of time that had passed between the instances of the control the firm tested and the date of management's assessment (2) higher risk associated with the control and (3) sensitivity and complexity of the models covered by the control. (AS 2201.46 and .52) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 52 The firm selected for testing controls that consisted of the (1) review and validation at least annually of all models and (2) quarterly review of back testing results using historical loan information to assess the performance of certain models. The firm did not sufficiently test the first control because the firm's sample primarily consisted of models that the issuer had validated in the prior year which did not provide sufficient appropriate audit evidence as of the date of management's assessment of the effectiveness of the issuer's ICFR due to the (1) length of time that had passed between the instances of the control the firm tested and the date of management's assessment (2) higher risk associated with the control and (3) sensitivity and complexity of the models covered by the control. (AS 2201.46 and .52) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 39 The firm selected for testing controls that consisted of the (1) review and validation at least annually of all models and (2) quarterly review of back testing results using historical loan information to assess the performance of certain models. For the second control the firm did not identify and test any controls over the accuracy and completeness of the historical loan information used in the operation of that control. (AS 2201.39) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 9 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the ALL because the firm did not perform procedures to test certain factors and assumptions the issuer developed in the prior year and used to determine the ALL in the current year. (AS 2501.09 .10 and .11) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 10 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the ALL because the firm did not perform procedures to test certain factors and assumptions the issuer developed in the prior year and used to determine the ALL in the current year. (AS 2501.09 .10 and .11) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 11 The firm's approach for substantively testing the ALL was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the ALL because the firm did not perform procedures to test certain factors and assumptions the issuer developed in the prior year and used to determine the ALL in the current year. (AS 2501.09 .10 and .11) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 42 The issuer had multiple cash generating units ('CGUs'). For one CGU the issuer concluded that there were no indicators of potential impairment. For another CGU the issuer identified indicators of potential impairment performed an impairment analysis and recorded an impairment charge. The firm selected for testing controls over the issuer's evaluation of long-lived assets for possible impairment that included the issuer's reviews of (1) potential indicators of impairment and (2) assumptions underlying the forecasted operating costs capital expenditures and discount rates used in the impairment analysis. The firm did not evaluate the specific review procedures that the control owners performed (1) with respect to potential indicators of impairment related to the first CGU and (2) to assess the reasonableness of the forecasted operating costs capital expenditures and discount rates used in the impairment analysis for the second CGU. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The issuer had multiple cash generating units ('CGUs'). For one CGU the issuer concluded that there were no indicators of potential impairment. For another CGU the issuer identified indicators of potential impairment performed an impairment analysis and recorded an impairment charge. The firm selected for testing controls over the issuer's evaluation of long-lived assets for possible impairment that included the issuer's reviews of (1) potential indicators of impairment and (2) assumptions underlying the forecasted operating costs capital expenditures and discount rates used in the impairment analysis. The firm did not evaluate the specific review procedures that the control owners performed (1) with respect to potential indicators of impairment related to the first CGU and (2) to assess the reasonableness of the forecasted operating costs capital expenditures and discount rates used in the impairment analysis for the second CGU. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 The firm did not evaluate management's determination that there were no indicators of potential impairment for the first CGU beyond inquiring of management and reading the issuer's impairment indicator memorandum and a reserves report prepared by an external specialist. (AS 2301.08) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2501 9 The firm's approach for substantively testing the impairment analysis for the second CGU was to review and test management's process. The firm did not sufficiently test the impairment analysis for this CGU because the firm did not perform procedures to evaluate the reasonableness of the discount rates and the forecasted operating costs and capital expenditures beyond the first year that the issuer used in the impairment analysis. (AS 2501.09 10 and .11) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2501 10 The firm's approach for substantively testing the impairment analysis for the second CGU was to review and test management's process. The firm did not sufficiently test the impairment analysis for this CGU because the firm did not perform procedures to evaluate the reasonableness of the discount rates and the forecasted operating costs and capital expenditures beyond the first year that the issuer used in the impairment analysis. (AS 2501.09 10 and .11) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2501 11 The firm's approach for substantively testing the impairment analysis for the second CGU was to review and test management's process. The firm did not sufficiently test the impairment analysis for this CGU because the firm did not perform procedures to evaluate the reasonableness of the discount rates and the forecasted operating costs and capital expenditures beyond the first year that the issuer used in the impairment analysis. (AS 2501.09 10 and .11) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 39 The issuer capitalized certain employee and contractor labor costs to long-lived assets. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of the employee labor hours associated with the employee labor costs capitalized to long-lived assets. (AS 2201.39) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 42 The issuer capitalized certain employee and contractor labor costs to long-lived assets. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review and approval of contractor labor hours. The firm did not evaluate the specific review procedures that the control owners performed to address the accuracy of the contractor labor hours associated with the contractor labor costs capitalized to long-lived assets. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 44 The issuer capitalized certain employee and contractor labor costs to long-lived assets. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review and approval of contractor labor hours. The firm did not evaluate the specific review procedures that the control owners performed to address the accuracy of the contractor labor hours associated with the contractor labor costs capitalized to long-lived assets. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 1105 10 The issuer capitalized certain employee and contractor labor costs to long-lived assets. The following deficiencies were identified: · The firm used employee and contractor hours derived from the issuer's time recording system in its substantive testing of these capitalized labor costs. The firm did not test or (as discussed above) test or sufficiently test controls over the accuracy of the employee or contractor hours. (AS 1105.10) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer entered into arrangements with multiple elements that consisted of software and professional services. The issuer determined that professional services represented separate performance obligations and recognized revenue related to these services separately from the software revenue. The firm selected for testing controls that consisted of the issuer's reviews of contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to determine that professional services represented separate performance obligations. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer entered into arrangements with multiple elements that consisted of software and professional services. The issuer determined that professional services represented separate performance obligations and recognized revenue related to these services separately from the software revenue. The firm selected for testing controls that consisted of the issuer's reviews of contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to determine that professional services represented separate performance obligations. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not perform any substantive procedures to evaluate whether the issuer's treatment of professional services as separate performance obligations was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A E No ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 42 The issuer identified indicators of potential impairment related to certain CGUs performed an impairment analysis over those CGUs and recorded an impairment charge. The firm selected for testing a control that included the issuer's review of the assumptions used in the impairment analysis. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2019 Canada KPMG International Cooperative 2021-07-06T00:00:00 Part I.A E No ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 44 The issuer identified indicators of potential impairment related to certain CGUs performed an impairment analysis over those CGUs and recorded an impairment charge. The firm selected for testing a control that included the issuer's review of the assumptions used in the impairment analysis. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 46 The firm selected for testing a control that consisted of the issuer's review of risk grades assigned to commercial graded loans. The loan grades were an important factor in estimating the ALL. The sample size used by the firm to test the control was too small to provide sufficient appropriate audit evidence to support its conclusion that the control was operating effectively. (AS 2201.46) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of problem loans. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of problem loans. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2301 16 The sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2301 18 The sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2301 37 The sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2315 19 The sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2315 23 The sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2315 23A The sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2301 16 The firm selected for testing a control that consisted of the external review of loan grades. The sample size used by the firm to test the control was too small to provide sufficient appropriate audit evidence to support its conclusion that the control was operating effectively. As a result the sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 and .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2301 18 The firm selected for testing a control that consisted of the external review of loan grades. The sample size used by the firm to test the control was too small to provide sufficient appropriate audit evidence to support its conclusion that the control was operating effectively. As a result the sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 and .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2301 37 The firm selected for testing a control that consisted of the external review of loan grades. The sample size used by the firm to test the control was too small to provide sufficient appropriate audit evidence to support its conclusion that the control was operating effectively. As a result the sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 and .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2315 19 The firm selected for testing a control that consisted of the external review of loan grades. The sample size used by the firm to test the control was too small to provide sufficient appropriate audit evidence to support its conclusion that the control was operating effectively. As a result the sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 and .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2315 23 The firm selected for testing a control that consisted of the external review of loan grades. The sample size used by the firm to test the control was too small to provide sufficient appropriate audit evidence to support its conclusion that the control was operating effectively. As a result the sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 and .23 and .23A) Triennially Inspected 91 Porter Keadle Moore LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2315 23A The firm selected for testing a control that consisted of the external review of loan grades. The sample size used by the firm to test the control was too small to provide sufficient appropriate audit evidence to support its conclusion that the control was operating effectively. As a result the sample size the firm used in its substantive procedures to test the reasonableness of assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 and .23 and .23A) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The issuer disclosed in its financial statements that it recognized revenue under FASB ASC Topic 606 Revenue from Contracts with Customers. The firm did not evaluate the appropriateness of the issuer's recognition of revenue under FASB ASC Topic 606. (AS 2810.30) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm did not test or in the alternative test any controls over the accuracy and completeness of issuer-prepared data used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 1105 4 The firm used certain price and quantity information from outside sources in its substantive testing of revenue but did not perform any procedures to evaluate the relevance and reliability of such information. (AS 1105.04 and .06; AS 2502.40) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 1105 6 The firm used certain price and quantity information from outside sources in its substantive testing of revenue but did not perform any procedures to evaluate the relevance and reliability of such information. (AS 1105.04 and .06; AS 2502.40) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2502 40 The firm used certain price and quantity information from outside sources in its substantive testing of revenue but did not perform any procedures to evaluate the relevance and reliability of such information. (AS 1105.04 and .06; AS 2502.40) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 30 The firm did not evaluate whether the issuer's financial statements included sufficient disclosures of the risks and uncertainties related to its revenue and related activities in accordance with FASB ASC Topic 275 Risks and Uncertainties and other relevant standards. (AS 2810.30 and .31) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 31 The firm did not evaluate whether the issuer's financial statements included sufficient disclosures of the risks and uncertainties related to its revenue and related activities in accordance with FASB ASC Topic 275 Risks and Uncertainties and other relevant standards. (AS 2810.30 and .31) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2410 10 The firm did not perform any procedures to determine whether any of the revenue and related activities were with related parties. (AS 2410.10) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 6 AS 1105 4 The firm did not perform any procedures to evaluate the relevance and reliability of evidence it used to test the issuer's ownership rights to certain assets at year end. (AS 1105.04 and .06) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 6 AS 1105 6 The firm did not perform any procedures to evaluate the relevance and reliability of evidence it used to test the issuer's ownership rights to certain assets at year end. (AS 1105.04 and .06) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 7 AS 2810 30 The firm did not evaluate the appropriateness of the issuer's presentation of these assets at year end (AS 2810.30 and .31) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 7 AS 2810 31 The firm did not evaluate the appropriateness of the issuer's presentation of these assets at year end (AS 2810.30 and .31) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 8 AS 2301 8 The firm did not test the disposal of certain assets including the loss recorded on disposition. (AS 2301.08) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 9 AS 2301 8 During the year the issuer purchased other certain assets from and then sold some of those assets at a loss back to a counterparty. The following deficiencies were identified: · The firm did not test payments for the purchase of the assets from the counterparty. (AS 2301.08) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 10 AS 2301 8 During the year the issuer purchased other certain assets from and then sold some of those assets at a loss back to a counterparty. The following deficiencies were identified: · The firm did not evaluate whether a payment made by the counterparty to another entity on behalf of the issuer was part of the proceeds from the issuer's sale of those assets to the counterparty. (AS 2301.08) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 11 AS 2501 7 During the year the issuer purchased other certain assets from and then sold some of those assets at a loss back to a counterparty. The following deficiencies were identified: · The firm did not evaluate the collectability of the outstanding receivable recorded at year end for the sale of the assets to the counterparty. (AS 2501.07) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 12 AS 1105 4 During the year the issuer purchased other certain assets from and then sold some of those assets at a loss back to a counterparty. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of certain data it used to assess the reasonableness of certain assumptions the issuer used in the valuation of the assets. (AS 1105.04 and .06; AS 2501.11) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 12 AS 1105 6 During the year the issuer purchased other certain assets from and then sold some of those assets at a loss back to a counterparty. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of certain data it used to assess the reasonableness of certain assumptions the issuer used in the valuation of the assets. (AS 1105.04 and .06; AS 2501.11) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 12 AS 2501 11 During the year the issuer purchased other certain assets from and then sold some of those assets at a loss back to a counterparty. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of certain data it used to assess the reasonableness of certain assumptions the issuer used in the valuation of the assets. (AS 1105.04 and .06; AS 2501.11) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 13 AS 2502 26 During the year the issuer purchased other certain assets from and then sold some of those assets at a loss back to a counterparty. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the impairment recorded on the assets because it limited its procedures to inquiry regarding how the loss was calculated. (AS 2502.26 and .28) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 13 AS 2502 28 During the year the issuer purchased other certain assets from and then sold some of those assets at a loss back to a counterparty. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the impairment recorded on the assets because it limited its procedures to inquiry regarding how the loss was calculated. (AS 2502.26 and .28) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 2810 30 The issuer had certain agreements outstanding with counterparties as of year end. The following deficiencies were identified: · The firm did not evaluate whether the agreements were appropriately accounted for and disclosed in accordance with GAAP. (AS 2810.30 and .31) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 2810 31 The issuer had certain agreements outstanding with counterparties as of year end. The following deficiencies were identified: · The firm did not evaluate whether the agreements were appropriately accounted for and disclosed in accordance with GAAP. (AS 2810.30 and .31) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 2502 9 The issuer had certain agreements outstanding with counterparties as of year end. The following deficiencies were identified: · The firm did not obtain an understanding of and test the inputs methods and assumptions used to estimate the fair value of the recorded assets related to these transactions. (AS 2502.09 .26 and .28) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 2502 26 The issuer had certain agreements outstanding with counterparties as of year end. The following deficiencies were identified: · The firm did not obtain an understanding of and test the inputs methods and assumptions used to estimate the fair value of the recorded assets related to these transactions. (AS 2502.09 .26 and .28) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 2502 28 The issuer had certain agreements outstanding with counterparties as of year end. The following deficiencies were identified: · The firm did not obtain an understanding of and test the inputs methods and assumptions used to estimate the fair value of the recorded assets related to these transactions. (AS 2502.09 .26 and .28) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 2502 15 The issuer had certain agreements outstanding with counterparties as of year end. The following deficiencies were identified: · The firm did not test the valuation of the underlying collateral. (AS 2502.15) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2410 14 The issuer had certain agreements outstanding with counterparties as of year end. The following deficiencies were identified: · The firm did not evaluate whether the transactions should be identified as transactions with related parties because the counterparties were controlled by an individual who was listed as an officer of the issuer in a public filing and certain of the collateral was held by an entity the issuer disclosed as an entity with control. (AS 2410.14) Triennially Inspected 217 Berkower LLC 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Transactions 5 AS 2301 8 The firm did not test whether certain transactions were recorded on the proper dates and at the correct amounts. (AS 2301.08) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2019 United States 2021-07-06T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Certain Assets 1 AS 2201 39 The issuer used a service organization to initiate and process transactions related to certain assets and identified relevant user controls. The firm did not identify and test a complementary user control over the valuation of these assets or identify and test any other controls that addressed the valuation of these assets. (AS 2201.39 and .B22) Triennially Inspected 423 Brown, Edwards & Company, L.L.P. 2019 United States 2021-07-06T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Certain Assets 1 AS 2201 B22 The issuer used a service organization to initiate and process transactions related to certain assets and identified relevant user controls. The firm did not identify and test a complementary user control over the valuation of these assets or identify and test any other controls that addressed the valuation of these assets. (AS 2201.39 and .B22) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 1105 10 In the revenue process the firm selected for testing certain information technology general controls ('ITGCs') automated controls and information technology ('IT') dependent manual controls. The following deficiencies were identified: · The firm did not test the accuracy and completeness of information used in testing controls over access rights and removals. (AS 1105.10) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 34 In the revenue process the firm selected for testing certain information technology general controls ('ITGCs') automated controls and information technology ('IT') dependent manual controls. The following deficiencies were identified: · The firm selected for testing an automated control that was designed to calculate and record revenue. The firm did not obtain an understanding of or test how the control was configured. (AS 2201.34) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2201 39 In the revenue process the firm selected for testing certain information technology general controls ('ITGCs') automated controls and information technology ('IT') dependent manual controls. The following deficiencies were identified: · The firm did not identify and test controls over (1) the accuracy and completeness of information that was used in the performance of a control to verify standard terms in customer agreements; (2) superuser/administrative access to revenue systems in which various automated IT-dependent manual controls resided; (3) the accuracy and completeness of certain inputs used to recognize revenue; and (4) the determination of the units of accounting and allocation of total contract consideration to each performance obligation for contracts with multiple performance obligations. (AS 2201.39) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2201 42 In the revenue process the firm selected for testing certain information technology general controls ('ITGCs') automated controls and information technology ('IT') dependent manual controls. The following deficiencies were identified: · The firm did not perform sufficient procedures to test controls over program changes for certain systems because its procedures were limited to inquiry. (AS 2201.42 and .44) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2201 44 In the revenue process the firm selected for testing certain information technology general controls ('ITGCs') automated controls and information technology ('IT') dependent manual controls. The following deficiencies were identified: · The firm did not perform sufficient procedures to test controls over program changes for certain systems because its procedures were limited to inquiry. (AS 2201.42 and .44) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2201 B22 In the revenue process the firm selected for testing certain information technology general controls ('ITGCs') automated controls and information technology ('IT') dependent manual controls. The following deficiencies were identified: · The issuer used a service organization to support many of the activities of its financial reporting system. The firm did not identify and test any complementary user controls over the use of parameters over passwords. (AS 2201.B22) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2201 42 In the revenue process the firm selected for testing certain information technology general controls ('ITGCs') automated controls and information technology ('IT') dependent manual controls. The following deficiencies were identified: · The firm selected for testing an automated control over segregation of duties. The firm however did not directly test the control because its procedures were limited to evaluating whether the functions assigned to employees were consistent with effective segregation of duties. (AS 2201.42 .44 and .B9) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2201 44 In the revenue process the firm selected for testing certain information technology general controls ('ITGCs') automated controls and information technology ('IT') dependent manual controls. The following deficiencies were identified: · The firm selected for testing an automated control over segregation of duties. The firm however did not directly test the control because its procedures were limited to evaluating whether the functions assigned to employees were consistent with effective segregation of duties. (AS 2201.42 .44 and .B9) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2201 B9 In the revenue process the firm selected for testing certain information technology general controls ('ITGCs') automated controls and information technology ('IT') dependent manual controls. The following deficiencies were identified: · The firm selected for testing an automated control over segregation of duties. The firm however did not directly test the control because its procedures were limited to evaluating whether the functions assigned to employees were consistent with effective segregation of duties. (AS 2201.42 .44 and .B9) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 7 AS 2201 62 In the revenue process the firm selected for testing certain information technology general controls ('ITGCs') automated controls and information technology ('IT') dependent manual controls. The following deficiencies were identified: · The firm identified deficiencies related to controls over reviewing user access and complementary user controls. The firm did not evaluate these deficiencies to determine if the deficiencies individually or in combination constituted material weaknesses. (AS 2201.62) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not evaluate whether the revenue transactions selected for testing were recognized in in accordance with the requirements of FASB ASC Topic 606 Revenue from Contracts with Customers because the firm limited its procedures to evaluating the transactions under FASB ASC Topic 605 Revenue Recognition. (AS 2810.30) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments 2 AS 2502 15 The firm did not test the fair values of certain investments. (AS 2502.15) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Investments 3 AS 2503 48 The issuer did not consider unrealized losses on certain investments to be other-than-temporary due to its ability to hold these investments until the recovery of fair values. The firm did not evaluate the issuer's ability to hold the investments for a period of time sufficient to allow for the anticipated recovery in fair value. (AS 2503.48) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 30 The issuer's revenue transactions can be initiated by customers through electronic data interchange ('EDI') email or phone call. The issuer used a system to process credit card orders. The firm did not obtain an understanding of (1) how revenue transactions were initiated authorized processed and recorded; (2) how IT systems affected the flow of transactions; and (3) the likely sources of potential misstatements necessary to identify and test controls that would prevent or detect a material misstatement in the financial statements. (AS 2201.30) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Cash and Cash Equivalents 1 AS 2301 8 The firm did not test whether certain bank accounts were owned and controlled by the issuer because its procedures were limited to observing the issuer download the account statement from the bank's website without verifying that the account was owned by the issuer. (AS 2301.08) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm did not identify and test the controls over the (1) revenue recognition method; (2) review and approval of the prices; (3) processing of EDI orders; and (4) processing and recording of credit card sales. (AS 2201.39) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing controls related to management's reviews of monthly and quarterly revenue and accounts receivable balances. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing controls related to management's reviews of monthly and quarterly revenue and accounts receivable balances. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The issuer had an agreement to market products sold by another party and recognized revenue when the other party sold those products. The firm did not test when the products were sold by the other party. (AS 2301.08) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 The issuer had an agreement to market products sold by another party and recognized revenue when the other party sold those products. The firm did not evaluate whether revenue was recognized in accordance with FASB ASC Topic 606 including whether the issuer had satisfied its performance obligations under the terms of the agreement. (AS 2810.30) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Accruals and Other Liabilities 3 AS 2810 30 The issuer reversed certain liabilities and recognized a gain on extinguishment. The firm did not evaluate whether the issuer met the criteria under FASB ASC Topic 405 Extinguishment of Liabilities to be considered legally released as the primary obligor of the liabilities either judicially or by the creditor. (AS 2810.30) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The issuer leased equipment that it then subleased to its customers. The issuer issued common stock to the lessor as payment on the lease with an opportunity for the lessor to earn additional shares of the issuer's stock if revenue milestones were met. The issuer recognized revenue from the sublease agreements net of payments to its lessor. The firm did not test the reduction of revenue related to the payments made by the issuer to the lessor of the equipment. (AS 2301.08) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The issuer leased equipment that it then subleased to its customers. The issuer issued common stock to the lessor as payment on the lease with an opportunity for the lessor to earn additional shares of the issuer's stock if revenue milestones were met. The issuer recognized revenue from the sublease agreements net of payments to its lessor. The firm did not test the terms of customer subleases to determine whether the amount and timing of gross billings to customers were appropriate. (AS 2301.08) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 30 The issuer leased equipment that it then subleased to its customers. The issuer issued common stock to the lessor as payment on the lease with an opportunity for the lessor to earn additional shares of the issuer's stock if revenue milestones were met. The issuer recognized revenue from the sublease agreements net of payments to its lessor. The firm did not evaluate the agreements between the issuer and the lessor and the issuer and its customers to determine whether the issuer had an obligation to (1) its customer if the lessor canceled the lease agreement or (2) the lessor if the revenue milestones were met in accordance with FASB ASC Topic 606. (AS 2810.30) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2315 26 The issuer leased equipment that it then subleased to its customers. The issuer issued common stock to the lessor as payment on the lease with an opportunity for the lessor to earn additional shares of the issuer's stock if revenue milestones were met. The issuer recognized revenue from the sublease agreements net of payments to its lessor. The firm tested a sample of revenue transactions and identified differences. The firm did not (1) evaluate the nature and cause of the differences identified in its sample; (2) project applicable differences to the remaining revenue population; and (3) evaluate if the projected differences were material to the financial statements. (AS 2315.26 and .27; AS 2810.17) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2315 27 The issuer leased equipment that it then subleased to its customers. The issuer issued common stock to the lessor as payment on the lease with an opportunity for the lessor to earn additional shares of the issuer's stock if revenue milestones were met. The issuer recognized revenue from the sublease agreements net of payments to its lessor. The firm tested a sample of revenue transactions and identified differences. The firm did not (1) evaluate the nature and cause of the differences identified in its sample; (2) project applicable differences to the remaining revenue population; and (3) evaluate if the projected differences were material to the financial statements. (AS 2315.26 and .27; AS 2810.17) Triennially Inspected 457 Haynie & Company 2019 United States 2021-07-06T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 17 The issuer leased equipment that it then subleased to its customers. The issuer issued common stock to the lessor as payment on the lease with an opportunity for the lessor to earn additional shares of the issuer's stock if revenue milestones were met. The issuer recognized revenue from the sublease agreements net of payments to its lessor. The firm tested a sample of revenue transactions and identified differences. The firm did not (1) evaluate the nature and cause of the differences identified in its sample; (2) project applicable differences to the remaining revenue population; and (3) evaluate if the projected differences were material to the financial statements. (AS 2315.26 and .27; AS 2810.17) Triennially Inspected 887 Isla Lipana & Co. 2019 Philippines PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The issuer recognized revenue from product sales through multiple distribution channels and locations. The firm's substantive procedures to test revenue from one of the issuer's distribution channels consisted of (1) vouching a sample of receivables at year-end to subsequent cash collections (2) testing sales cut-off at year-end and (3) testing manual journal entries meeting certain criteria. In addition for locations meeting certain criteria the firm vouched a sample of sales transactions to supporting documentation. The firm did not perform sufficient substantive procedures to test revenue because the firm's procedures were limited to testing (1) receivables and sales transactions at or near year end (2) certain revenue recorded through manual journal entries and (3) sales transactions from certain locations selected in a manner that was not representative of the remaining population and as such the results of testing performed could not be projected to the remaining population. (AS 2301.08; AS 2315.24) Triennially Inspected 887 Isla Lipana & Co. 2019 Philippines PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 24 The issuer recognized revenue from product sales through multiple distribution channels and locations. The firm's substantive procedures to test revenue from one of the issuer's distribution channels consisted of (1) vouching a sample of receivables at year-end to subsequent cash collections (2) testing sales cut-off at year-end and (3) testing manual journal entries meeting certain criteria. In addition for locations meeting certain criteria the firm vouched a sample of sales transactions to supporting documentation. The firm did not perform sufficient substantive procedures to test revenue because the firm's procedures were limited to testing (1) receivables and sales transactions at or near year end (2) certain revenue recorded through manual journal entries and (3) sales transactions from certain locations selected in a manner that was not representative of the remaining population and as such the results of testing performed could not be projected to the remaining population. (AS 2301.08; AS 2315.24) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 1 AS 2201 39 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing controls that consisted of the review and approval of certain assumptions used to determine the estimate. The firm did not identify and test any controls over the accuracy and completeness of data used in the operation of these controls. (AS 2201.39) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 2 AS 2201 39 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm did not identify and test any controls over the monitoring of the models to determine whether the models remained suitable for their intended purpose or if revisions to the models were necessary. (AS 2201.39) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 3 AS 2201 46 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing controls that consisted of annual reviews and approvals of (1) the methodologies (2) new and revised models and (3) certain key inputs and assumptions used by the issuer to determine a portion of the estimate. Certain annual reviews and approvals of the methodologies and new and revised models did not operate during the current year and the firm tested instances of these controls which operated in the prior year. The firm's testing of these controls did not provide sufficient appropriate audit evidence of the controls' operating effectiveness as of the date of management's assessment of ICFR due to the (1) length of time that had passed between the instances of the controls the firm tested and the date of management's assessment (2) higher risk associated with the controls and (3) sensitivity and complexity of the models covered by the controls. (AS 2201.46 and .52) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 3 AS 2201 52 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing controls that consisted of annual reviews and approvals of (1) the methodologies (2) new and revised models and (3) certain key inputs and assumptions used by the issuer to determine a portion of the estimate. Certain annual reviews and approvals of the methodologies and new and revised models did not operate during the current year and the firm tested instances of these controls which operated in the prior year. The firm's testing of these controls did not provide sufficient appropriate audit evidence of the controls' operating effectiveness as of the date of management's assessment of ICFR due to the (1) length of time that had passed between the instances of the controls the firm tested and the date of management's assessment (2) higher risk associated with the controls and (3) sensitivity and complexity of the models covered by the controls. (AS 2201.46 and .52) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 4 AS 2201 42 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing controls that consisted of annual reviews and approvals of (1) the methodologies (2) new and revised models and (3) certain key inputs and assumptions used by the issuer to determine a portion of the estimate. Certain annual reviews and approvals of the methodologies and new and revised models did not operate during the current year and the firm tested instances of these controls which operated in the prior year. For certain of the controls over the methodologies new and revised models and certain key inputs and assumptions the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 4 AS 2201 44 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing controls that consisted of annual reviews and approvals of (1) the methodologies (2) new and revised models and (3) certain key inputs and assumptions used by the issuer to determine a portion of the estimate. Certain annual reviews and approvals of the methodologies and new and revised models did not operate during the current year and the firm tested instances of these controls which operated in the prior year. For certain of the controls over the methodologies new and revised models and certain key inputs and assumptions the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 5 AS 2201 42 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing two other controls that consisted of the review and approval of certain assumptions or data supporting the assumptions used by the issuer to determine another portion of the estimate. For one of these controls the firm did not test an aspect of the control related to an annual update of the assumptions. Further the firm did not sufficiently test the completeness of the report from which it selected its samples to test the design and operating effectiveness of the control because the firm did not agree the report data to the source system. For the other control the firm did not test an aspect of the control related to an annual update of the data supporting the assumptions. (AS 2201.42 and .44) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 5 AS 2201 44 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm selected for testing two other controls that consisted of the review and approval of certain assumptions or data supporting the assumptions used by the issuer to determine another portion of the estimate. For one of these controls the firm did not test an aspect of the control related to an annual update of the assumptions. Further the firm did not sufficiently test the completeness of the report from which it selected its samples to test the design and operating effectiveness of the control because the firm did not agree the report data to the source system. For the other control the firm did not test an aspect of the control related to an annual update of the data supporting the assumptions. (AS 2201.42 and .44) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 6 AS 2501 9 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not (1) obtain an understanding of the issuer's process for determining certain assumptions and (2) perform procedures to test certain factors and assumptions used by the issuer to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 6 AS 2501 10 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not (1) obtain an understanding of the issuer's process for determining certain assumptions and (2) perform procedures to test certain factors and assumptions used by the issuer to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 6 AS 2501 11 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not (1) obtain an understanding of the issuer's process for determining certain assumptions and (2) perform procedures to test certain factors and assumptions used by the issuer to determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 7 AS 2301 16 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the estimate were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 7 AS 2301 18 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the estimate were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 7 AS 2301 37 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the estimate were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 7 AS 2315 19 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the estimate were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 7 AS 2315 23 The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the estimate were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 7 AS 2315 23A The issuer used various models and assumptions to determine the estimate. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the estimate were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 39 The firm did not identify and test any controls over the (1) approval of prices (2) entry of customer orders for both domestic and export sales into the general ledger (3) accuracy of the bills of lading information entered into the general ledger used to initially recognize revenue for export sales and (4) deferral of revenue at year end related to certain export sales. (AS 2201.39) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 39 At the end of each year the issuer calculated and recorded an adjustment to defer a portion of revenue related to domestic and certain export sales for which the revenue recognition criteria had not been met. The firm did not identify and test any controls over the accuracy and completeness of the reports used by the issuer to identify sales transactions related to domestic and certain other export sales for which the revenue recognition criteria had not been met. (AS 2201.39) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 39 The firm did not identify and test any controls over the (1) recording of additions and disposals of long-lived assets including whether these were recorded in the correct period (2) classification of long-lived assets and whether these were depreciated over the appropriate useful lives and (3) configuration of the system responsible for the calculation of depreciation expense. (AS 2201.39) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test long-lived assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test long-lived assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test long-lived assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test long-lived assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test long-lived assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test long-lived assets were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1124 KPMG Auditores Independentes 2019 Brazil KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2301 8 The firm did not test whether (1) long-lived assets were appropriately classified to ensure that these assets were depreciated over the appropriate useful lives and (2) all disposals of long-lived assets were recorded by the issuer. (AS 2301.08) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer entered into certain revenue arrangements with multiple performance obligations and allocated the total consideration from these arrangements between goods and services. The firm selected for testing a control that consisted of management's review of new contracts for appropriate revenue recognition. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer entered into certain revenue arrangements with multiple performance obligations and allocated the total consideration from these arrangements between goods and services. The firm selected for testing a control that consisted of management's review of new contracts for appropriate revenue recognition. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Business Combinations 2 AS 2201 39 The issuer determined the fair value of an acquired intangible asset using various assumptions including revenue growth rates. The firm identified control deficiencies related to two controls selected for testing over management's review of these assumptions. Except for the two deficient controls the firm did not identify and test any controls that address the risk of potential misstatement related to errors in the assumptions including revenue growth rates. (AS 2201.39) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 For one business unit the firm selected for testing a control that consisted of management's review of a monthly revenue variance analysis. The firm did not evaluate the review procedures that the control owner performed including for certain customers the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 For one business unit the firm selected for testing a control that consisted of management's review of a monthly revenue variance analysis. The firm did not evaluate the review procedures that the control owner performed including for certain customers the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 For this business unit the firm's substantive procedures to test revenue consisted of testing samples of transactions and performing substantive analytical procedures. The following deficiencies were identified: · In performing its testing of the selected transactions the firm did not evaluate whether the selling prices that the issuer used to record revenue agreed with the terms in the customer purchase orders or contracts. (AS 2301.08) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 For this business unit the firm's substantive procedures to test revenue consisted of testing samples of transactions and performing substantive analytical procedures. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 For this business unit the firm's substantive procedures to test revenue consisted of testing samples of transactions and performing substantive analytical procedures. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 For this business unit the firm's substantive procedures to test revenue consisted of testing samples of transactions and performing substantive analytical procedures. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 For this business unit the firm's substantive procedures to test revenue consisted of testing samples of transactions and performing substantive analytical procedures. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 For this business unit the firm's substantive procedures to test revenue consisted of testing samples of transactions and performing substantive analytical procedures. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A For this business unit the firm's substantive procedures to test revenue consisted of testing samples of transactions and performing substantive analytical procedures. The following deficiencies were identified: · The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2305 13 For this business unit the firm's substantive procedures to test revenue consisted of testing samples of transactions and performing substantive analytical procedures. The following deficiencies were identified: · In performing the substantive analytical procedures the firm did not evaluate whether the relationship between cash receipts and revenue was sufficiently predictable. (AS 2305.13 and .14) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2305 14 For this business unit the firm's substantive procedures to test revenue consisted of testing samples of transactions and performing substantive analytical procedures. The following deficiencies were identified: · In performing the substantive analytical procedures the firm did not evaluate whether the relationship between cash receipts and revenue was sufficiently predictable. (AS 2305.13 and .14) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 For another business unit the firm selected for testing a control that consisted of management's review of a monthly revenue variance analysis. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 For another business unit the firm selected for testing a control that consisted of management's review of a monthly revenue variance analysis. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2305 13 For this business unit the firm's substantive procedures to test revenue consisted of substantive analytical procedures. The firm did not (1) evaluate whether prior period revenue was sufficiently predictive of revenue for the year and (2) develop certain other expectations it used in these analytical procedures based on industry revenue growth data at a level of precision to provide sufficient appropriate audit evidence. (AS 2305.13 .14 and .17) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2305 14 For this business unit the firm's substantive procedures to test revenue consisted of substantive analytical procedures. The firm did not (1) evaluate whether prior period revenue was sufficiently predictive of revenue for the year and (2) develop certain other expectations it used in these analytical procedures based on industry revenue growth data at a level of precision to provide sufficient appropriate audit evidence. (AS 2305.13 .14 and .17) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2305 17 For this business unit the firm's substantive procedures to test revenue consisted of substantive analytical procedures. The firm did not (1) evaluate whether prior period revenue was sufficiently predictive of revenue for the year and (2) develop certain other expectations it used in these analytical procedures based on industry revenue growth data at a level of precision to provide sufficient appropriate audit evidence. (AS 2305.13 .14 and .17) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A C No ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 42 The firm selected for testing a control that consisted of management's review of certain assumptions used to determine depreciation expense on long-lived assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1253 KPMG SA 2019 France KPMG International Cooperative 2021-07-06T00:00:00 Part I.A C No ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of certain assumptions used to determine depreciation expense on long-lived assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 1 AS 2201 42 The issuer used various models and assumptions to determine the estimate. The firm selected for testing controls that consisted of the reviews and validations of certain models and assumptions used by the issuer to determine the estimate. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 1 AS 2201 44 The issuer used various models and assumptions to determine the estimate. The firm selected for testing controls that consisted of the reviews and validations of certain models and assumptions used by the issuer to determine the estimate. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 2 AS 2201 39 The issuer used various models and assumptions to determine the estimate. The firm selected for testing controls that consisted of the reviews and validations of certain models and assumptions used by the issuer to determine the estimate. For two of the controls the firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of the controls. (AS 2201.39) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 3 AS 2501 9 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not perform procedures to test certain assumptions the issuer used to determine the estimate beyond (1) reviewing for certain assumptions the issuer's methodology for developing the assumptions (2) testing for another assumption whether the assumption was in conformity with the issuer's regulatory requirements and (3) recalculating the mathematical accuracy of the models used by the issuer to develop certain assumptions and determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 3 AS 2501 10 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not perform procedures to test certain assumptions the issuer used to determine the estimate beyond (1) reviewing for certain assumptions the issuer's methodology for developing the assumptions (2) testing for another assumption whether the assumption was in conformity with the issuer's regulatory requirements and (3) recalculating the mathematical accuracy of the models used by the issuer to develop certain assumptions and determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 3 AS 2501 11 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the estimate because the firm did not perform procedures to test certain assumptions the issuer used to determine the estimate beyond (1) reviewing for certain assumptions the issuer's methodology for developing the assumptions (2) testing for another assumption whether the assumption was in conformity with the issuer's regulatory requirements and (3) recalculating the mathematical accuracy of the models used by the issuer to develop certain assumptions and determine the estimate. (AS 2501.09 .10 and .11) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 4 AS 1105 10 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not test or in the alternative test any controls over the accuracy and completeness of data used by the issuer to develop certain of these assumptions. (AS 1105.10; AS 2501.11) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Estimate 4 AS 2501 11 The firm's approach for substantively testing the estimate was to review and test management's process. The firm did not test or in the alternative test any controls over the accuracy and completeness of data used by the issuer to develop certain of these assumptions. (AS 1105.10; AS 2501.11) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 42 The issuer held a portfolio of investments which were carried at fair value. The following deficiencies were identified: · The firm selected for testing a control that consisted of a comparison and analysis of differences between the fair values of certain investments recorded in the issuer's system and external price sources and the investigation of variances over established thresholds. The firm did not evaluate the review procedures that the control owner performed including the procedures to determine whether items identified for follow-up were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 44 The issuer held a portfolio of investments which were carried at fair value. The following deficiencies were identified: · The firm selected for testing a control that consisted of a comparison and analysis of differences between the fair values of certain investments recorded in the issuer's system and external price sources and the investigation of variances over established thresholds. The firm did not evaluate the review procedures that the control owner performed including the procedures to determine whether items identified for follow-up were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2201 39 The issuer held a portfolio of investments which were carried at fair value. The following deficiencies were identified: · The firm selected for testing a control that consisted of a comparison and analysis of differences between the fair values of certain investments recorded in the issuer's system and external price sources and the investigation of variances over established thresholds. The firm did not test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2201 39 The issuer held a portfolio of investments which were carried at fair value. The following deficiencies were identified: · The firm selected for testing another control that consisted of a review of the issuer's determination of the fair value hierarchy classification of investments. The firm did not test an aspect of this control over the observability of the pricing inputs used to determine the fair value hierarchy classification of the investments. (AS 2201.39) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 8 AS 2201 39 The issuer held a portfolio of investments which were carried at fair value. The following deficiencies were identified: · The firm did not identify and test any controls over the valuation of certain other investments. (AS 2201.39) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 9 AS 2502 43 The issuer held a portfolio of investments which were carried at fair value. The following deficiencies were identified: · The firm's approach for substantively testing the presentation and disclosure of investments was to review and test management's process. The firm did not sufficiently test the disclosure of investments within the fair value hierarchy because it did not evaluate whether the significant inputs used to establish the fair value of those investments were observable or unobservable. (AS 2502.43) Triennially Inspected 1330 PricewaterhouseCoopers S.A.S. 2019 Colombia PricewaterhouseCoopers International Limited 2021-07-06T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 10 AS 2502 15 The issuer held a portfolio of investments which were carried at fair value. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of significant assumptions used by the issuer to estimate the fair value of certain other investments. (AS 2502.15) Triennially Inspected 367 SingerLewak LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Intangible Asset 1 AS 2501 9 To determine whether the intangible asset was impaired the issuer compared the asset's estimated undiscounted cash flows to its carrying value. The estimated cash flows were based on revenue projections that the issuer developed by weighting different categories of customers and estimating the sales price and number of units to be sold for each category. The firm compared the issuer's overall revenue projections and gross margin growth rates to those of several of the issuer's competitors. The firm did not evaluate the reasonableness of assumptions related to the weighting of customer categories and the number of units to be sold. Further the firm did not evaluate the reasonableness of the overall revenue projections and gross margin growth rates considering the decline in those rates for certain of the issuer's competitors. (AS 2501.09 .10 and .11; AS 2810.03) Triennially Inspected 367 SingerLewak LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Intangible Asset 1 AS 2501 10 To determine whether the intangible asset was impaired the issuer compared the asset's estimated undiscounted cash flows to its carrying value. The estimated cash flows were based on revenue projections that the issuer developed by weighting different categories of customers and estimating the sales price and number of units to be sold for each category. The firm compared the issuer's overall revenue projections and gross margin growth rates to those of several of the issuer's competitors. The firm did not evaluate the reasonableness of assumptions related to the weighting of customer categories and the number of units to be sold. Further the firm did not evaluate the reasonableness of the overall revenue projections and gross margin growth rates considering the decline in those rates for certain of the issuer's competitors. (AS 2501.09 .10 and .11; AS 2810.03) Triennially Inspected 367 SingerLewak LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Intangible Assets 1 AS 2501 11 To determine whether the intangible asset was impaired the issuer compared the asset's estimated undiscounted cash flows to its carrying value. The estimated cash flows were based on revenue projections that the issuer developed by weighting different categories of customers and estimating the sales price and number of units to be sold for each category. The firm compared the issuer's overall revenue projections and gross margin growth rates to those of several of the issuer's competitors. The firm did not evaluate the reasonableness of assumptions related to the weighting of customer categories and the number of units to be sold. Further the firm did not evaluate the reasonableness of the overall revenue projections and gross margin growth rates considering the decline in those rates for certain of the issuer's competitors. (AS 2501.09 .10 and .11; AS 2810.03) Triennially Inspected 367 SingerLewak LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Intangible Assets 1 AS 2810 3 To determine whether the intangible asset was impaired the issuer compared the asset's estimated undiscounted cash flows to its carrying value. The estimated cash flows were based on revenue projections that the issuer developed by weighting different categories of customers and estimating the sales price and number of units to be sold for each category. The firm compared the issuer's overall revenue projections and gross margin growth rates to those of several of the issuer's competitors. The firm did not evaluate the reasonableness of assumptions related to the weighting of customer categories and the number of units to be sold. Further the firm did not evaluate the reasonableness of the overall revenue projections and gross margin growth rates considering the decline in those rates for certain of the issuer's competitors. (AS 2501.09 .10 and .11; AS 2810.03) Triennially Inspected 367 SingerLewak LLP 2019 United States 2021-06-28T00:00:00 Part I.A B No ICFR audit only Audits with a single deficiency Intangible Assets 1 AS 2201 42 The firm selected for testing a control that consisted of management's review of the impairment analysis for certain intangible assets. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 367 SingerLewak LLP 2019 United States 2021-06-28T00:00:00 Part I.A B No ICFR audit only Audits with a single deficiency Intangible Assets 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of the impairment analysis for certain intangible assets. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of certain required disclosures under GAAP. (AS 2810.30 and .31) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 1 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of certain required disclosures under GAAP. (AS 2810.30 and .31) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 1210 12 The issuer used an external specialist to determine the fair values of certain assets. With respect to one asset the firm did not sufficiently evaluate the forecasted increasing sales provided to the specialist because it did not evaluate how management's strategies could overcome continuous annual declines in revenues. (AS 1210.12; AS 2810.03) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 2810 3 The issuer used an external specialist to determine the fair values of certain assets. With respect to one asset the firm did not sufficiently evaluate the forecasted increasing sales provided to the specialist because it did not evaluate how management's strategies could overcome continuous annual declines in revenues. (AS 1210.12; AS 2810.03) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 1210 12 With respect to other assets the firm selected a sample for testing. For certain items selected the firm did not obtain evidence to support certain information that was used by the specialist in determining their fair values. (AS 1210.12) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2315 25 With respect to other assets the firm selected a sample for testing. The firm did not consider whether the lack of supporting documentation for certain assets represented a misstatement and if so the potential effect on the evaluation of its sample. (AS 2315.25) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 5 AS 2301 8 For one category of revenue the firm did not evaluate whether all of the relevant revenue recognition criteria had been met for the sales transactions it selected for testing. (AS 2301.08) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2510 12 For inventory at one subsidiary the firm did not make or observe any physical counts of the inventory. (AS 2510.12 and .13) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 6 AS 2510 13 For inventory at one subsidiary the firm did not make or observe any physical counts of the inventory. (AS 2510.12 and .13) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 1105 10 For inventory at another subsidiary the firm performed inventory observations subsequent to year end. The firm did not test or in the alternative test any controls over the accuracy and completeness of the system-generated reports it used to test intervening transactions between the dates of its inventory observations and year end. (AS 1105.10) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 8 AS 2510 12 For inventory at a third subsidiary the firm performed inventory observations subsequent to year end. The firm did not test any intervening transactions between the date of its inventory observations and year end. (AS 2510.12 and .13) Triennially Inspected 374 WSRP, LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 8 AS 2510 13 For inventory at a third subsidiary the firm performed inventory observations subsequent to year end. The firm did not test any intervening transactions between the date of its inventory observations and year end. (AS 2510.12 and .13) Triennially Inspected 729 Widmer Roel PC 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 4 The issuer generated revenue through two types of transactions: Method A and Method B. The issuer calculated Method B revenue by multiplying the number of products delivered by the quarterly average price per product for Method A revenue which was provided to the issuer by an unrelated party. The firm did not evaluate (1) the relevance of quarterly average prices for Method A revenue to the actual prices for Method B revenue and (2) the reliability of the quarterly average prices provided by the unrelated party. (AS 1105.04 and .06) Triennially Inspected 729 Widmer Roel PC 2019 United States 2021-06-28T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 6 The issuer generated revenue through two types of transactions: Method A and Method B. The issuer calculated Method B revenue by multiplying the number of products delivered by the quarterly average price per product for Method A revenue which was provided to the issuer by an unrelated party. The firm did not evaluate (1) the relevance of quarterly average prices for Method A revenue to the actual prices for Method B revenue and (2) the reliability of the quarterly average prices provided by the unrelated party. (AS 1105.04 and .06) Triennially Inspected 1195 UHY LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 B22 The issuer used a service organization to invoice customers when services were rendered. The following deficiencies were identified: · The firm selected for testing a complementary user control over the review of sales orders. The firm did not test certain attributes of this control intended to validate both the accuracy of rates charged to customers and the timing of services rendered. In addition the firm did not identify and test any other complementary user controls designed to ensure that the services were rendered as scheduled in the service organization's system. (AS 2201.B22) Triennially Inspected 1195 UHY LLP 2019 United States 2021-06-28T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 B22 The issuer used a service organization to invoice customers when services were rendered. The following deficiencies were identified: · The firm selected for testing a complementary user control over the review of a comparison of a system-generated discrepancy report to a manually prepared service log. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.B22) Triennially Inspected 1195 UHY LLP 2019 United States 2021-06-28T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Doubtful Accounts 1 AS 2501 9 The issuer estimated its allowance for doubtful accounts based on reserve percentages used by other companies in the issuer's industry ('peer companies'). The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to determine whether the peer companies' reserve percentages were relevant to determining the issuer's reserve percentage. (AS 2501.09 .10 and .11) Triennially Inspected 1195 UHY LLP 2019 United States 2021-06-28T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Doubtful Accounts 1 AS 2501 10 The issuer estimated its allowance for doubtful accounts based on reserve percentages used by other companies in the issuer's industry ('peer companies'). The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to determine whether the peer companies' reserve percentages were relevant to determining the issuer's reserve percentage. (AS 2501.09 .10 and .11) Triennially Inspected 1195 UHY LLP 2019 United States 2021-06-28T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Allowance for Doubtful Accounts 1 AS 2501 11 The issuer estimated its allowance for doubtful accounts based on reserve percentages used by other companies in the issuer's industry ('peer companies'). The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to determine whether the peer companies' reserve percentages were relevant to determining the issuer's reserve percentage. (AS 2501.09 .10 and .11) Triennially Inspected 106 Salberg & Company, P.A. 2019 United States 2021-06-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue and Accounts Receivable 1 AS 2201 46 The issuer processed and recorded all transactions using two information technology ('IT') systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by the systems. The accuracy and completeness of these data and reports depended on effective IT general controls ('ITGCs'). The firm did not identify and test controls over the accuracy and completeness of information used in the testing or operation of certain ITGCs. As a result the firm's testing of automated and IT-dependent manual controls over revenue and accounts receivable was not sufficient. (AS 2201.46) Triennially Inspected 106 Salberg & Company, P.A. 2019 United States 2021-06-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue and Accounts Receivable 2 AS 2201 39 The issuer processed and recorded all transactions using two information technology ('IT') systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by the systems. The accuracy and completeness of these data and reports depended on effective IT general controls ('ITGCs'). The firm did not identify and test any controls intended to address the risk of management override of controls over the posting of journal entries. (AS 2201.39) Triennially Inspected 106 Salberg & Company, P.A. 2019 United States 2021-06-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Business Combinations 3 AS 2201 42 The firm selected for testing a control consisting of reviews of the reasonableness of assumptions used in the valuation of assets acquired and liabilities assumed in a business combination. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 106 Salberg & Company, P.A. 2019 United States 2021-06-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Business Combinations 3 AS 2201 44 The firm selected for testing a control consisting of reviews of the reasonableness of assumptions used in the valuation of assets acquired and liabilities assumed in a business combination. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 106 Salberg & Company, P.A. 2019 United States 2021-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2502 26 The issuer acquired a business and engaged an external specialist to determine the fair value of an acquired intangible asset. The firm's approach for testing the fair value was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the equity risk premium rate and income tax rate used by the specialist to determine the fair value of the acquired intangible asset. (AS 2502.26 and .28) Triennially Inspected 106 Salberg & Company, P.A. 2019 United States 2021-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2502 28 The issuer acquired a business and engaged an external specialist to determine the fair value of an acquired intangible asset. The firm's approach for testing the fair value was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the equity risk premium rate and income tax rate used by the specialist to determine the fair value of the acquired intangible asset. (AS 2502.26 and .28) Triennially Inspected 106 Salberg & Company, P.A. 2019 United States 2021-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 1210 12 The issuer acquired a business and engaged an external specialist to determine the fair value of an acquired intangible asset. The firm's approach for testing the fair value was to review and test management's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the issuer-provided operating forecast used by the specialist to value the intangible asset because its procedures were limited to inquiring of management and comparing the forecast to the issuer's historical financial information without performing procedures to evaluate whether the issuer's historical performance would be representative of the issuer's future operations. (AS 1210.12) Triennially Inspected 252 OUM & Co. LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control that consisted of a review of quarterly adjustments to revenue for two products. The firm did not test the design and operating effectiveness of certain aspects of this review control that addressed one of the products. (AS 2201.42 and .44) Triennially Inspected 252 OUM & Co. LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control that consisted of a review of quarterly adjustments to revenue for two products. The firm did not test the design and operating effectiveness of certain aspects of this review control that addressed one of the products. (AS 2201.42 and .44) Triennially Inspected 252 OUM & Co. LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm selected for testing a control that consisted of a review of quarterly adjustments to revenue for two products. The firm did not identify and test any controls over the accuracy and completeness of certain data and reports provided by an external party that the control owner used in the performance of this control over the other product. (AS 2201.39) Triennially Inspected 252 OUM & Co. LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The firm used the above data and reports to substantively test revenue from one product and did not test or (as discussed above) identify and test controls over the accuracy and completeness of these data and reports as discussed above. (AS 1105.10) Triennially Inspected 252 OUM & Co. LLP 2019 United States 2021-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Investments 1 AS 2502 26 The firm did not perform procedures to test the fair value of certain Level 2 investments beyond comparing the fair value to the pricing source used by the issuer. (AS 2502.26 and .28) Triennially Inspected 252 OUM & Co. LLP 2019 United States 2021-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Investments 1 AS 2502 28 The firm did not perform procedures to test the fair value of certain Level 2 investments beyond comparing the fair value to the pricing source used by the issuer. (AS 2502.26 and .28) Triennially Inspected 1213 Dave Banerjee CPA an Accountancy Corporation 2019 United States 2021-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 1 AS 2315 24 The firm's approach to testing the account included selecting a sample of transactions from certain portions of the account using issuer-provided reports. The firm did not test the completeness of the reports from which it made sample selections for three portions of the account (AS 2315.24). Triennially Inspected 1213 Dave Banerjee CPA an Accountancy Corporation 2019 United States 2021-06-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Account 2 AS 1105 10 The firm's approach to testing the account included selecting a sample of transactions from certain portions of the account using issuer-provided reports. The firm did not test or in the alternative identify and test any controls over the accuracy and completeness of data and reports used to test two other portions of the account. (AS 1105.10). Triennially Inspected 1213 Dave Banerjee CPA an Accountancy Corporation 2019 United States 2021-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accrued Liabilities and Related Expenses 1 AS 2301 8 The firm did not evaluate whether the unbilled fees included in a confirmation from legal counsel should have been accrued as of year end. (AS 2301.08) Triennially Inspected 1213 Dave Banerjee CPA an Accountancy Corporation 2019 United States 2021-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accrued Liabilities and Related Expenses 2 AS 2810 17 In addition the firm noted certain expenses recorded in the current year that related to services received in the prior year. The firm did not evaluate the effects of these misstatements on the current year financial statements. (AS 2810.17 .18 and .19) Triennially Inspected 1213 Dave Banerjee CPA an Accountancy Corporation 2019 United States 2021-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accrued Liabilities and Related Expenses 2 AS 2810 18 In addition the firm noted certain expenses recorded in the current year that related to services received in the prior year. The firm did not evaluate the effects of these misstatements on the current year financial statements. (AS 2810.17 .18 and .19) Triennially Inspected 1213 Dave Banerjee CPA an Accountancy Corporation 2019 United States 2021-06-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accrued Liabilities and Related Expenses 2 AS 2810 19 In addition the firm noted certain expenses recorded in the current year that related to services received in the prior year. The firm did not evaluate the effects of these misstatements on the current year financial statements. (AS 2810.17 .18 and .19) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 34 For certain subsidiaries the firm did not (1) obtain a sufficient understanding of the likely sources of potential misstatements associated with revenue processes and (2) identify and test controls over revenue recognition. (AS 2201.34 and .39) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 39 For certain subsidiaries the firm did not (1) obtain a sufficient understanding of the likely sources of potential misstatements associated with revenue processes and (2) identify and test controls over revenue recognition. (AS 2201.34 and .39) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2201 B22 The issuer's main information technology ('IT') system processed revenue transactions and maintained revenue related data. A service organization provided data center hosting services related to the IT system. The firm did not identify and test any relevant complementary user controls described in the service auditor's report. (AS 2201.B22) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2201 B19 The issuer's main information technology ('IT') system processed revenue transactions and maintained revenue related data. A service organization provided data center hosting services related to the IT system. The service organization used several sub-service organizations to host the issuer's IT system and the controls for the sub-service organizations were not addressed in the service auditor's report. The firm did not (1) obtain an understanding of how the use of sub-service organizations affected the issuer's revenue process; and (2) evaluate whether it was necessary to obtain an understanding of or test any relevant controls at the sub-service organizations. (AS 2201.B19 and .B21) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2201 B21 The issuer's main information technology ('IT') system processed revenue transactions and maintained revenue related data. A service organization provided data center hosting services related to the IT system. The service organization used several sub-service organizations to host the issuer's IT system and the controls for the sub-service organizations were not addressed in the service auditor's report. The firm did not (1) obtain an understanding of how the use of sub-service organizations affected the issuer's revenue process; and (2) evaluate whether it was necessary to obtain an understanding of or test any relevant controls at the sub-service organizations. (AS 2201.B19 and .B21) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2201 B25 The issuer's main information technology ('IT') system processed revenue transactions and maintained revenue related data. A service organization provided data center hosting services related to the IT system. The service organization used several sub-service organizations to host the issuer's IT system and the controls for the sub-service organizations were not addressed in the service auditor's report. The firm did not evaluate the effect of exceptions identified in the service auditor's report on the issuer's revenue process. (AS 2201.B25) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2201 65 The firm identified a material weakness related to an employee having responsibilities for financial statement review controls and administrator access to the issuer's IT system discussed above. The firm selected for testing an automated control that restricts the recording of sales to authorized customers. The firm did not evaluate whether its test of one approach for this control was appropriate in light of the identified material weakness. (AS 2201.65) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2201 68 The firm determined that a control over management's assessment of the effect on revenue recognition of FASB ASC Topic 606 Revenue from Contracts with Customers was deficient. The firm concluded that this represented a significant deficiency after identifying and testing two compensating controls. The firm did not sufficiently evaluate the severity of the control deficiency because the firm did not evaluate whether and if so how either of the controls identified as compensating controls addressed the effect of ASC Topic 606 on revenue recognition. (AS 2201.68) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 7 AS 2201 42 The firm selected for testing a control over the review of accounts receivable collectability and the allowance for doubtful accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and 44) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 7 AS 2201 44 The firm selected for testing a control over the review of accounts receivable collectability and the allowance for doubtful accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and 44) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2501 9 The firm did not sufficiently evaluate the reasonableness of the allowance for doubtful accounts because its procedures were limited to testing the subsequent collection of certain accounts receivable without obtaining an understanding of how the issuer developed the allowance and evaluating whether the allowance was reasonable. (AS 2501.09 .10 and .13) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2501 10 The firm did not sufficiently evaluate the reasonableness of the allowance for doubtful accounts because its procedures were limited to testing the subsequent collection of certain accounts receivable without obtaining an understanding of how the issuer developed the allowance and evaluating whether the allowance was reasonable. (AS 2501.09 .10 and .13) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2501 13 The firm did not sufficiently evaluate the reasonableness of the allowance for doubtful accounts because its procedures were limited to testing the subsequent collection of certain accounts receivable without obtaining an understanding of how the issuer developed the allowance and evaluating whether the allowance was reasonable. (AS 2501.09 .10 and .13) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 9 AS 1105 10 The firm did not test the accuracy of the accounts receivable aging report that was used in testing the subsequent collection of certain accounts receivable. (AS 1105.10) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Equity and Warrants 10 AS 2110 59 The issuer completed private placement agreements that provided for the issuance and sale of common stock and warrants. The firm did not identify and assess the risks of material misstatement for relevant assertions related to the private placement transactions and perform procedures to address those risks. (AS 2110.59) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Equity and Warrants 11 AS 2201 34 The firm did not (1) obtain an understanding of the likely sources of potential misstatements associated with the contractual terms and conditions of the private placement agreements; and (2) identify and test any controls over the evaluation of the presentation and disclosure of these agreements. (AS 2201.34 and .39) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Equity and Warrants 11 AS 2201 39 The firm did not (1) obtain an understanding of the likely sources of potential misstatements associated with the contractual terms and conditions of the private placement agreements; and (2) identify and test any controls over the evaluation of the presentation and disclosure of these agreements. (AS 2201.34 and .39) Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Equity and Warrants 12 AS 2810 30 The firm did not evaluate whether the warrants issued in connection with the private placement transactions included embedded derivatives that should have been presented and disclosed in accordance with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30 and .31) Unrelated and prior to our review the issuer reevaluated its accounting treatment for the warrants issued in connection with the private placement transactions and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over financial reporting and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised and reissued its report to include an additional material weakness. Triennially Inspected 2258 KBL, LLP 2019 United States 2021-06-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Equity and Warrants 12 AS 2810 31 The firm did not evaluate whether the warrants issued in connection with the private placement transactions included embedded derivatives that should have been presented and disclosed in accordance with FASB ASC Topic 815 Derivatives and Hedging. (AS 2810.30 and .31) Unrelated and prior to our review the issuer reevaluated its accounting treatment for the warrants issued in connection with the private placement transactions and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over financial reporting and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised and reissued its report to include an additional material weakness. Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2301 8 The component reported revenue from multiple revenue types and for purposes of the audit the firm grouped revenue into three categories. The following deficiencies were identified: · For one category of revenue that was generally earned upon product shipment the firm did not perform any procedures to evaluate differences identified for certain revenue transactions selected for testing between the shipping dates and dates in which revenue was recognized to determine whether revenue was recognized in the proper period. (AS 2301.08; AS 2810.03) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2810 3 The component reported revenue from multiple revenue types and for purposes of the audit the firm grouped revenue into three categories. The following deficiencies were identified: · For one category of revenue that was generally earned upon product shipment the firm did not perform any procedures to evaluate differences identified for certain revenue transactions selected for testing between the shipping dates and dates in which revenue was recognized to determine whether revenue was recognized in the proper period. (AS 2301.08; AS 2810.03) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 24 The component reported revenue from multiple revenue types and for purposes of the audit the firm grouped revenue into three categories. The following deficiencies were identified: · For another category of revenue the firm did not perform sufficient substantive procedures to test a portion of revenue because it did not select its sample in a manner that was representative of the entire population and as such the results of testing performed could not be projected to the entire population. (AS 2315.24) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The component reported revenue from multiple revenue types and for purposes of the audit the firm grouped revenue into three categories. The following deficiencies were identified: · In addition for certain sales transactions selected for testing related to sales arrangements in which the firm concluded had a single performance obligation the firm did not perform any procedures to evaluate the appropriateness of the component's recognition of revenue in different periods for the respective arrangements. (AS 2301.08; AS 2810.03) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 3 The component reported revenue from multiple revenue types and for purposes of the audit the firm grouped revenue into three categories. The following deficiencies were identified: · In addition for certain sales transactions selected for testing related to sales arrangements in which the firm concluded had a single performance obligation the firm did not perform any procedures to evaluate the appropriateness of the component's recognition of revenue in different periods for the respective arrangements. (AS 2301.08; AS 2810.03) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 B8 The component reported revenue from multiple revenue types and for purposes of the audit the firm grouped revenue into three categories. The following deficiencies were identified: · The firm did not evaluate the effect of the (1) differences identified between the shipping dates and dates in which revenue was recognized and (2) inconsistencies in the component's revenue recognition practices for sales arrangements with a single performance obligation both as described above on the effectiveness of the component's ICFR or report such matters to the principal auditor for its evaluation. (AS 2201.B8) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 The component held inventory at multiple locations. For one location the firm selected for testing two controls over inventory that consisted of periodic cycle counts and management's review and approval of adjustments to the perpetual inventory records resulting from those counts. The firm did not identify and test any controls over the accuracy and completeness of the data derived from the component's inventory system that was used in the operation of these controls. (AS 2201.39) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 1105 10 The firm's substantive procedures to test inventory at this location utilized certain data from the component's inventory system. The firm did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. (AS 1105.10) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 42 The firm selected for testing a control consisting of a review of forecasts used in the issuer's impairment analysis including an evaluation of the revenue growth and earnings assumptions underlying these forecasts. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up. (AS 2201.42 and .44) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 44 The firm selected for testing a control consisting of a review of forecasts used in the issuer's impairment analysis including an evaluation of the revenue growth and earnings assumptions underlying these forecasts. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up. (AS 2201.42 and .44) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2201 39 In addition the firm did not identify and test any controls over the accuracy and completeness of a reporting package used in the operation of this control. (AS 2201.39) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2502 26 The firm's approach for testing the fair value measurement of goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy of a report that was used to support certain assumptions. (AS 2502.26 .28 and .39) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2502 28 The firm's approach for testing the fair value measurement of goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy of a report that was used to support certain assumptions. (AS 2502.26 .28 and .39) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2502 39 The firm's approach for testing the fair value measurement of goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy of a report that was used to support certain assumptions. (AS 2502.26 .28 and .39) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 2502 26 The firm's approach for testing the fair value measurement of goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the earnings assumptions beyond inquiring of management as to certain cost saving initiatives underlying those assumptions. (AS 2502.26 and .28) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 2502 28 The firm's approach for testing the fair value measurement of goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the earnings assumptions beyond inquiring of management as to certain cost saving initiatives underlying those assumptions. (AS 2502.26 and .28) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 2502 26 The firm's approach for testing the fair value measurement of goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate historical differences between earnings declines experienced by the issuer and those included in an industry market report that was used to support certain assumptions. (AS 2502.26 .28 .31 and .36) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 2502 28 The firm's approach for testing the fair value measurement of goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate historical differences between earnings declines experienced by the issuer and those included in an industry market report that was used to support certain assumptions. (AS 2502.26 .28 .31 and .36) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 2502 31 The firm's approach for testing the fair value measurement of goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate historical differences between earnings declines experienced by the issuer and those included in an industry market report that was used to support certain assumptions. (AS 2502.26 .28 .31 and .36) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 2502 36 The firm's approach for testing the fair value measurement of goodwill was to review and test management's process. The following deficiencies were identified: · The firm did not evaluate historical differences between earnings declines experienced by the issuer and those included in an industry market report that was used to support certain assumptions. (AS 2502.26 .28 .31 and .36) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing a control that consisted of a review of all changes made to customer data including sales prices within the subsidiary's system. The firm did not identify and test any controls over the completeness of customer data included in a report used in the operation of this control. (AS 2201.39) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1366 PricewaterhouseCoopers 2019 Ireland PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 1 AS 2201 42 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm selected for testing controls that consisted of reviews of the issuer's models and related assumptions used by management to estimate the value of receivables. For certain controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 1 AS 2201 44 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm selected for testing controls that consisted of reviews of the issuer's models and related assumptions used by management to estimate the value of receivables. For certain controls the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 2 AS 2201 39 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm did not identify and test any controls over the write-off of receivables. (AS 2201.39) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 3 AS 2501 9 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm's approach for substantively testing the receivables was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the receivables because the firm did not perform procedures to test certain assumptions used by the issuer to estimate the value of receivables. (AS 2501.09 .10 and .11) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 3 AS 2501 10 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm's approach for substantively testing the receivables was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the receivables because the firm did not perform procedures to test certain assumptions used by the issuer to estimate the value of receivables. (AS 2501.09 .10 and .11) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 3 AS 2501 11 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm's approach for substantively testing the receivables was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the receivables because the firm did not perform procedures to test certain assumptions used by the issuer to estimate the value of receivables. (AS 2501.09 .10 and .11) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 4 AS 1105 27 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm did not evaluate the reasonableness of certain other assumptions used by management to estimate the valuation of a portion of certain receivables as the firm confined its evaluation of those assumptions to receivables that met pre-determined criteria and did not perform any substantive procedures to test the valuation of the remaining population of these receivables. (AS 1105.27) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 5 AS 2502 26 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm did not evaluate the reasonableness of assumptions and models used to appraise or otherwise estimate the fair value of collateral as used by management to estimate the value of certain receivables. (AS 2502.26 .28 and .38) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 5 AS 2502 28 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm did not evaluate the reasonableness of assumptions and models used to appraise or otherwise estimate the fair value of collateral as used by management to estimate the value of certain receivables. (AS 2502.26 .28 and .38) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 5 AS 2502 38 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm did not evaluate the reasonableness of assumptions and models used to appraise or otherwise estimate the fair value of collateral as used by management to estimate the value of certain receivables. (AS 2502.26 .28 and .38) Triennially Inspected 1379 PricewaterhouseCoopers 2019 Australia PricewaterhouseCoopers International Limited 2021-06-16T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables 6 AS 2501 7 The issuer classified receivables into two categories and evaluated receivables for impairment either individually or collectively using various models and assumptions. The following deficiencies were identified with respect to one or both categories of receivables: · The firm did not perform any substantive procedures to test the write-off of certain other receivables. (AS 2501.07) Triennially Inspected 1415 Ernst & Young Limited Corp. 2019 Panama Ernst & Young Global Limited 2021-06-16T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis which included performing procedures to test the accuracy of information used in this analysis. The software-assisted analysis was designed to test the relationships among revenue accounts receivable and cash that the issuer recorded through journal entries. The firm however did not perform procedures to test the appropriateness of the cash data used in this analysis. (AS 1105.10) Triennially Inspected 1415 Ernst & Young Limited Corp. 2019 Panama Ernst & Young Global Limited 2021-06-16T00:00:00 Part I.A B Yes Financial statement audit only Audits with a single deficiency Revenue 2 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis which included performing procedures to test the accuracy of information used in this analysis. The software-assisted analysis was designed to test the relationships between revenue and cash that the issuer recorded through journal entries. The firm however did not perform procedures to test the appropriateness of the cash data used in this analysis. (AS 1105.10) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 1 AS 2305 13 The firm's substantive procedures to test two revenue categories and deferred revenue related to one of these categories included analytical procedures in which the firm compared the revenue and deferred revenue balances to the amounts in the prior year. The firm did not perform procedures to obtain evidence that the prior-year balances would be predictive of current-year balances. (AS 2305.13 and .14) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2305 13 The firm's substantive procedures to test two revenue categories and deferred revenue related to one of these categories included analytical procedures in which the firm compared the revenue and deferred revenue balances to the amounts in the prior year. The firm did not perform procedures to obtain evidence that the prior-year balances would be predictive of current-year balances. (AS 2305.13 and .14) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 1 AS 2305 14 The firm's substantive procedures to test two revenue categories and deferred revenue related to one of these categories included analytical procedures in which the firm compared the revenue and deferred revenue balances to the amounts in the prior year. The firm did not perform procedures to obtain evidence that the prior-year balances would be predictive of current-year balances. (AS 2305.13 and .14) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2305 14 The firm's substantive procedures to test two revenue categories and deferred revenue related to one of these categories included analytical procedures in which the firm compared the revenue and deferred revenue balances to the amounts in the prior year. The firm did not perform procedures to obtain evidence that the prior-year balances would be predictive of current-year balances. (AS 2305.13 and .14) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 2 AS 2301 13 The firm identified a fraud risk related to one of these categories of revenue. The firm did not perform tests of details beyond the procedures discussed below over this revenue category in response to the fraud risk. (AS 2301.13) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 13 The firm identified a fraud risk related to one of these categories of revenue. The firm did not perform tests of details beyond the procedures discussed below over this revenue category in response to the fraud risk. (AS 2301.13) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 3 AS 2315 17 The firm performed procedures to test deferred revenue by selecting a sample of monthly activity from a summary schedule. These procedures did not provide sufficient appropriate audit evidence of the completeness of deferred revenue because the firm only selected activity from recorded deferred revenue. Further the firm did not test the transactions underlying the activity in the months selected for testing. (AS 2315.17 and .25) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 17 The firm performed procedures to test deferred revenue by selecting a sample of monthly activity from a summary schedule. These procedures did not provide sufficient appropriate audit evidence of the completeness of deferred revenue because the firm only selected activity from recorded deferred revenue. Further the firm did not test the transactions underlying the activity in the months selected for testing. (AS 2315.17 and .25) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 3 AS 2315 25 The firm performed procedures to test deferred revenue by selecting a sample of monthly activity from a summary schedule. These procedures did not provide sufficient appropriate audit evidence of the completeness of deferred revenue because the firm only selected activity from recorded deferred revenue. Further the firm did not test the transactions underlying the activity in the months selected for testing. (AS 2315.17 and .25) Triennially Inspected 237 Brown Armstrong Accountancy Corporation 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 25 The firm performed procedures to test deferred revenue by selecting a sample of monthly activity from a summary schedule. These procedures did not provide sufficient appropriate audit evidence of the completeness of deferred revenue because the firm only selected activity from recorded deferred revenue. Further the firm did not test the transactions underlying the activity in the months selected for testing. (AS 2315.17 and .25) Triennially Inspected 298 Ham, Langston & Brezina, LLP 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 16 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because it used a methodology for determining the sample size that was not designed to test an account balance or a transaction class. As a result the firm did not consider factors relevant to determining sample size for substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 298 Ham, Langston & Brezina, LLP 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because it used a methodology for determining the sample size that was not designed to test an account balance or a transaction class. As a result the firm did not consider factors relevant to determining sample size for substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 298 Ham, Langston & Brezina, LLP 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because it used a methodology for determining the sample size that was not designed to test an account balance or a transaction class. As a result the firm did not consider factors relevant to determining sample size for substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 2121 ShineWing Australia 2019 Australia 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2410 14 One of the issuer's categories of revenue consisted of transactions with an entity that was indirectly owned by a member of managements immediate family and other unrelated parties. The firm did not perform procedures to evaluate whether the revenue constituted related party transactions and If so were property disclosed in the financial statements. (AS 2410.14-.17; AS 2810.30 and .31) Triennially Inspected 2121 ShineWing Australia 2019 Australia 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2410 15 One of the issuer's categories of revenue consisted of transactions with an entity that was indirectly owned by a member of managements immediate family and other unrelated parties. The firm did not perform procedures to evaluate whether the revenue constituted related party transactions and If so were property disclosed in the financial statements. (AS 2410.14-.17; AS 2810.30 and .31) Triennially Inspected 2121 ShineWing Australia 2019 Australia 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2410 16 One of the issuer's categories of revenue consisted of transactions with an entity that was indirectly owned by a member of managements immediate family and other unrelated parties. The firm did not perform procedures to evaluate whether the revenue constituted related party transactions and If so were property disclosed in the financial statements. (AS 2410.14-.17; AS 2810.30 and .31) Triennially Inspected 2121 ShineWing Australia 2019 Australia 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2410 17 One of the issuer's categories of revenue consisted of transactions with an entity that was indirectly owned by a member of managements immediate family and other unrelated parties. The firm did not perform procedures to evaluate whether the revenue constituted related party transactions and If so were property disclosed in the financial statements. (AS 2410.14-.17; AS 2810.30 and .31) Triennially Inspected 2121 ShineWing Australia 2019 Australia 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 30 One of the issuer's categories of revenue consisted of transactions with an entity that was indirectly owned by a member of managements immediate family and other unrelated parties. The firm did not perform procedures to evaluate whether the revenue constituted related party transactions and If so were property disclosed in the financial statements. (AS 2410.14-.17; AS 2810.30 and .31) Triennially Inspected 2121 ShineWing Australia 2019 Australia 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 31 One of the issuer's categories of revenue consisted of transactions with an entity that was indirectly owned by a member of managements immediate family and other unrelated parties. The firm did not perform procedures to evaluate whether the revenue constituted related party transactions and If so were property disclosed in the financial statements. (AS 2410.14-.17; AS 2810.30 and .31) Triennially Inspected 2121 ShineWing Australia 2019 Australia 2021-05-19T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Derivatives 2 AS 2502 18 The firm's approach to testing the fair value of derivatives was to develop an independent eat mate. With respect to its Independent estimate the firm did not (1) evaluate the appropriateness of the model It used given the complexity of the instruments; (2) obtain evidence to establish the reasonableness of the volatility rate used; and (3) evaluate the significant difference between the firm's estimate and the issuer's estimate because the firm's evaluation relied solely on the view that the issuer's estimate was more conservative. (AS 2502.18 and 40) Triennially Inspected 2121 ShineWing Australia 2019 Australia 2021-05-19T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Derivatives 2 AS 2502 40 The firm's approach to testing the fair value of derivatives was to develop an independent eat mate. With respect to its Independent estimate the firm did not (1) evaluate the appropriateness of the model It used given the complexity of the instruments; (2) obtain evidence to establish the reasonableness of the volatility rate used; and (3) evaluate the significant difference between the firm's estimate and the issuer's estimate because the firm's evaluation relied solely on the view that the issuer's estimate was more conservative. (AS 2502.18 and 40) Triennially Inspected 2851 KCCW Accountancy Corp. 2019 United States 2021-05-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Certain Asset 1 AS 2502 15 The firm did not test the valuation of a certain asset including whether the write off of that asset at year end was appropriate. (AS 2502.15) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The firm selected for testing a control over management's review of the allowance for doubtful accounts calculation. The firm did not evaluate the review procedures that the control owner performed to assess the reasonableness of the assumptions used to determine the allowance including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The firm selected for testing a control over management's review of the allowance for doubtful accounts calculation. The firm did not evaluate the review procedures that the control owner performed to assess the reasonableness of the assumptions used to determine the allowance including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2501 9 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to test the reasonableness of the reserve percentages used by the issuer to estimate the allowance for doubtful accounts. (AS 2501.09 .10 and .11) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2501 10 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to test the reasonableness of the reserve percentages used by the issuer to estimate the allowance for doubtful accounts. (AS 2501.09 .10 and .11) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2501 11 The firm's approach for substantively testing the allowance for doubtful accounts was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of the allowance because the firm did not perform procedures to test the reasonableness of the reserve percentages used by the issuer to estimate the allowance for doubtful accounts. (AS 2501.09 .10 and .11) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 62 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of a subsidiary of the issuer to support the principal auditor's opinions on the consolidated financial statements and ICFR. The firm identified control deficiencies in controls that it had selected for testing over revenue accounts receivable and inventory for the subsidiary's two branches. The firm did not evaluate the severity of certain identified control deficiencies in accordance with the instructions of the principal auditor. (AS 2201.62) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 62 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of a subsidiary of the issuer to support the principal auditor's opinions on the consolidated financial statements and ICFR. The firm identified control deficiencies in controls that it had selected for testing over revenue accounts receivable and inventory for the subsidiary's two branches. The firm did not evaluate the severity of certain identified control deficiencies in accordance with the instructions of the principal auditor. (AS 2201.62) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 62 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of a subsidiary of the issuer to support the principal auditor's opinions on the consolidated financial statements and ICFR. The firm identified control deficiencies in controls that it had selected for testing over revenue accounts receivable and inventory for the subsidiary's two branches. The firm did not evaluate the severity of certain identified control deficiencies in accordance with the instructions of the principal auditor. (AS 2201.62) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both branches were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 62 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of two of the issuer's subsidiaries to support the principal auditor's opinions on the consolidated financial statements and ICFR. The issuer's processes related to revenue accounts receivable and inventory included automated transactions initiated processed and recorded by information technology ('IT') systems at both subsidiaries. The firm selected for testing automated and IT-dependent manual controls over revenue accounts receivable and inventory that used data and reports generated by the IT systems. The firm's approach to test the accuracy and completeness of the data and reports depended on effective IT general controls ('ITGCs'). For one subsidiary the firm identified several control deficiencies related to ITGCs. The firm did not evaluate the severity of the identified control deficiencies in accordance with the instructions of the principal auditor. (AS 2201.62) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 62 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of two of the issuer's subsidiaries to support the principal auditor's opinions on the consolidated financial statements and ICFR. The issuer's processes related to revenue accounts receivable and inventory included automated transactions initiated processed and recorded by information technology ('IT') systems at both subsidiaries. The firm selected for testing automated and IT-dependent manual controls over revenue accounts receivable and inventory that used data and reports generated by the IT systems. The firm's approach to test the accuracy and completeness of the data and reports depended on effective IT general controls ('ITGCs'). For one subsidiary the firm identified several control deficiencies related to ITGCs. The firm did not evaluate the severity of the identified control deficiencies in accordance with the instructions of the principal auditor. (AS 2201.62) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 62 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of two of the issuer's subsidiaries to support the principal auditor's opinions on the consolidated financial statements and ICFR. The issuer's processes related to revenue accounts receivable and inventory included automated transactions initiated processed and recorded by information technology ('IT') systems at both subsidiaries. The firm selected for testing automated and IT-dependent manual controls over revenue accounts receivable and inventory that used data and reports generated by the IT systems. The firm's approach to test the accuracy and completeness of the data and reports depended on effective IT general controls ('ITGCs'). For one subsidiary the firm identified several control deficiencies related to ITGCs. The firm did not evaluate the severity of the identified control deficiencies in accordance with the instructions of the principal auditor. (AS 2201.62) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of two of the issuer's subsidiaries to support the principal auditor's opinions on the consolidated financial statements and ICFR. The issuer's processes related to revenue accounts receivable and inventory included automated transactions initiated processed and recorded by information technology ('IT') systems at both subsidiaries. The firm selected for testing automated and IT-dependent manual controls over revenue accounts receivable and inventory that used data and reports generated by the IT systems. The firm's approach to test the accuracy and completeness of the data and reports depended on effective IT general controls ('ITGCs'). For the other subsidiary the firm did not test ITGCs or obtain confirmation from the principal auditor that ITGCs were not in scope for testing. (AS 2201.39) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of two of the issuer's subsidiaries to support the principal auditor's opinions on the consolidated financial statements and ICFR. The issuer's processes related to revenue accounts receivable and inventory included automated transactions initiated processed and recorded by information technology ('IT') systems at both subsidiaries. The firm selected for testing automated and IT-dependent manual controls over revenue accounts receivable and inventory that used data and reports generated by the IT systems. The firm's approach to test the accuracy and completeness of the data and reports depended on effective IT general controls ('ITGCs'). For the other subsidiary the firm did not test ITGCs or obtain confirmation from the principal auditor that ITGCs were not in scope for testing. (AS 2201.39) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of two of the issuer's subsidiaries to support the principal auditor's opinions on the consolidated financial statements and ICFR. The issuer's processes related to revenue accounts receivable and inventory included automated transactions initiated processed and recorded by information technology ('IT') systems at both subsidiaries. The firm selected for testing automated and IT-dependent manual controls over revenue accounts receivable and inventory that used data and reports generated by the IT systems. The firm's approach to test the accuracy and completeness of the data and reports depended on effective IT general controls ('ITGCs'). For the other subsidiary the firm did not test ITGCs or obtain confirmation from the principal auditor that ITGCs were not in scope for testing. (AS 2201.39) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 46 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of two of the issuer's subsidiaries to support the principal auditor's opinions on the consolidated financial statements and ICFR. The issuer's processes related to revenue accounts receivable and inventory included automated transactions initiated processed and recorded by information technology ('IT') systems at both subsidiaries. The firm selected for testing automated and IT-dependent manual controls over revenue accounts receivable and inventory that used data and reports generated by the IT systems. The firm's approach to test the accuracy and completeness of the data and reports depended on effective IT general controls ('ITGCs'). For one subsidiary the firm identified several control deficiencies related to ITGCs. The firm did not evaluate the severity of the identified control deficiencies in accordance with the instructions of the principal auditor. (AS 2201.62) For the other subsidiary the firm did not test ITGCs or obtain confirmation from the principal auditor that ITGCs were not in scope for testing. (AS 2201.39) As a result the firm's testing of the automated and IT-dependent manual controls over revenue accounts receivable and inventory for these two subsidiaries was not sufficient. (AS 2201.46) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 46 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of two of the issuer's subsidiaries to support the principal auditor's opinions on the consolidated financial statements and ICFR. The issuer's processes related to revenue accounts receivable and inventory included automated transactions initiated processed and recorded by information technology ('IT') systems at both subsidiaries. The firm selected for testing automated and IT-dependent manual controls over revenue accounts receivable and inventory that used data and reports generated by the IT systems. The firm's approach to test the accuracy and completeness of the data and reports depended on effective IT general controls ('ITGCs'). For one subsidiary the firm identified several control deficiencies related to ITGCs. The firm did not evaluate the severity of the identified control deficiencies in accordance with the instructions of the principal auditor. (AS 2201.62) For the other subsidiary the firm did not test ITGCs or obtain confirmation from the principal auditor that ITGCs were not in scope for testing. (AS 2201.39) As a result the firm's testing of the automated and IT-dependent manual controls over revenue accounts receivable and inventory for these two subsidiaries was not sufficient. (AS 2201.46) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 46 The firm was instructed by the principal auditor to audit the financial statements and the effectiveness of ICFR of two of the issuer's subsidiaries to support the principal auditor's opinions on the consolidated financial statements and ICFR. The issuer's processes related to revenue accounts receivable and inventory included automated transactions initiated processed and recorded by information technology ('IT') systems at both subsidiaries. The firm selected for testing automated and IT-dependent manual controls over revenue accounts receivable and inventory that used data and reports generated by the IT systems. The firm's approach to test the accuracy and completeness of the data and reports depended on effective IT general controls ('ITGCs'). As a result the firm's testing of the automated and IT-dependent manual controls over revenue accounts receivable and inventory for these two subsidiaries was not sufficient. (AS 2201.46) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5270 Grant Thornton Auditores Independentes 2019 Brazil Grant Thornton International Limited 2021-05-19T00:00:00 Part I.A C Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue accounts receivable and inventory for both subsidiaries were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 29 Sassetti LLC 2019 United States 2021-05-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 16 The firm's approach for testing revenue included selecting a sample of transactions from certain months during the year. In determining the sample size the firm did not consider the relevant factors including the firm's established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population of sales transactions. As a result the sample size the firm used in its test of details was too small to achieve the planned audit objective. Further the firm's selection of transactions for testing was confined to transactions from certain months of the year not the entire population of net sales. Therefore the results of these audit procedures could not be projected to the entire population. (AS 2315.16 .23 .23A and .24) Triennially Inspected 29 Sassetti LLC 2019 United States 2021-05-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 23 The firm's approach for testing revenue included selecting a sample of transactions from certain months during the year. In determining the sample size the firm did not consider the relevant factors including the firm's established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population of sales transactions. As a result the sample size the firm used in its test of details was too small to achieve the planned audit objective. Further the firm's selection of transactions for testing was confined to transactions from certain months of the year not the entire population of net sales. Therefore the results of these audit procedures could not be projected to the entire population. (AS 2315.16 .23 .23A and .24) Triennially Inspected 29 Sassetti LLC 2019 United States 2021-05-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 24 The firm's approach for testing revenue included selecting a sample of transactions from certain months during the year. In determining the sample size the firm did not consider the relevant factors including the firm's established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population of sales transactions. As a result the sample size the firm used in its test of details was too small to achieve the planned audit objective. Further the firm's selection of transactions for testing was confined to transactions from certain months of the year not the entire population of net sales. Therefore the results of these audit procedures could not be projected to the entire population. (AS 2315.16 .23 .23A and .24) Triennially Inspected 29 Sassetti LLC 2019 United States 2021-05-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2315 23A The firm's approach for testing revenue included selecting a sample of transactions from certain months during the year. In determining the sample size the firm did not consider the relevant factors including the firm's established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population of sales transactions. As a result the sample size the firm used in its test of details was too small to achieve the planned audit objective. Further the firm's selection of transactions for testing was confined to transactions from certain months of the year not the entire population of net sales. Therefore the results of these audit procedures could not be projected to the entire population. (AS 2315.16 .23 .23A and .24) Triennially Inspected 29 Sassetti LLC 2019 United States 2021-05-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm's approach for testing revenue included selecting a sample of transactions from certain months during the year. In determining the sample size the firm did not consider the relevant factors including the firm's established tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population of sales transactions. As a result the sample size the firm used in its test of details was too small to achieve the planned audit objective. Further the firm's selection of transactions for testing was confined to transactions from certain months of the year not the entire population of net sales. In addition the firm did not evaluate whether all revenue recognition criteria had been met for transactions selected for testing. (AS 2301.08) Triennially Inspected 200 Haskell & White LLP 2019 United States 2021-05-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Significant Accounts 1 AS 2201 62 The issuer used an information technology ('IT') application to initiate process and record transactions related to certain significant accounts. The firm tested IT general controls ('ITGCs') over and application controls within this IT application. The firm identified multiple control deficiencies related to controls over logical access and program changes. The firm concluded that none of the deficiencies rose to the level of a significant deficiency or material weakness individually or in the aggregate. In reaching this conclusion the firm did not sufficiently evaluate the severity of the control deficiencies because it did not evaluate the effect of the deficiencies on the related IT-dependent manual controls and application controls. (AS 2201.62 and .65) Triennially Inspected 200 Haskell & White LLP 2019 United States 2021-05-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Significant Accounts 1 AS 2201 65 The issuer used an information technology ('IT') application to initiate process and record transactions related to certain significant accounts. The firm tested IT general controls ('ITGCs') over and application controls within this IT application. The firm identified multiple control deficiencies related to controls over logical access and program changes. The firm concluded that none of the deficiencies rose to the level of a significant deficiency or material weakness individually or in the aggregate. In reaching this conclusion the firm did not sufficiently evaluate the severity of the control deficiencies because it did not evaluate the effect of the deficiencies on the related IT-dependent manual controls and application controls. (AS 2201.62 and .65) Triennially Inspected 200 Haskell & White LLP 2019 United States 2021-05-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Significant Accounts 2 AS 2201 39 The firm did not identify and test controls over the accuracy and completeness of information used by the firm to test the ITGCs and application controls. (AS 2201.39) Triennially Inspected 200 Haskell & White LLP 2019 United States 2021-05-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Significant Accounts 3 AS 2201 42 The firm selected for testing controls over the review of aspects of these significant accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) In addition the firm did not test controls over the accuracy and completeness of information used in these controls. (AS 2201.39) Triennially Inspected 200 Haskell & White LLP 2019 United States 2021-05-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Significant Accounts 3 AS 2201 44 The firm selected for testing controls over the review of aspects of these significant accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) In addition the firm did not test controls over the accuracy and completeness of information used in these controls. (AS 2201.39) Triennially Inspected 200 Haskell & White LLP 2019 United States 2021-05-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Significant Accounts 4 AS 2201 39 The firm selected for testing controls over the review of aspects of these significant accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) In addition the firm did not test controls over the accuracy and completeness of information used in these controls. (AS 2201.39) Triennially Inspected 200 Haskell & White LLP 2019 United States 2021-05-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Certain Significant Accounts 5 AS 2201 55 The firm used the work of internal audit to test certain controls over the review of these significant accounts through the second or third quarters of the issuer's year end but did not perform any procedures to update the results of that testing from those interim dates to year end. (AS 2201.55) Triennially Inspected 200 Haskell & White LLP 2019 United States 2021-05-12T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 16 The sample size the firm used in a substantive procedure over revenue was too small to achieve the planned objective for the test because it used the methodology for determining the sample size for a test of controls and did not consider factors relevant to determining the sample size for its substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 200 Haskell & White LLP 2019 United States 2021-05-12T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 23 The sample size the firm used in a substantive procedure over revenue was too small to achieve the planned objective for the test because it used the methodology for determining the sample size for a test of controls and did not consider factors relevant to determining the sample size for its substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 200 Haskell & White LLP 2019 United States 2021-05-12T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 23A The sample size the firm used in a substantive procedure over revenue was too small to achieve the planned objective for the test because it used the methodology for determining the sample size for a test of controls and did not consider factors relevant to determining the sample size for its substantive testing. (AS 2315.16 .23 and .23A) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2019 United States 2021-05-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2810 30 During the year the issuer acquired a business. The firm did not identify or appropriately address a departure from GAAP related to the issuer's omission of required disclosures under FASB ASC Topic 805 Business Combinations regarding the amounts of revenue and earnings of the acquired company since the acquisition date that were included in the income statement. (AS 2810.30 and .31) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2019 United States 2021-05-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 2810 31 During the year the issuer acquired a business. The firm did not identify or appropriately address a departure from GAAP related to the issuer's omission of required disclosures under FASB ASC Topic 805 Business Combinations regarding the amounts of revenue and earnings of the acquired company since the acquisition date that were included in the income statement. (AS 2810.30 and .31) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2019 United States 2021-05-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy and completeness of transactional data that was used by the issuer to record revenue and used by the firm in its test of details over a majority of the issuer's revenue. (AS 1105.10) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2019 United States 2021-05-12T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Certain Assets 1 AS 2201 39 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm did not identify and test any controls over the valuation of certain assets. (AS 2201.39) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2019 United States 2021-05-12T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Certain Assets 2 AS 2201 42 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control related to certain assets that was being performed quarterly at all locations. The firm did not test whether (1) the control operated consistently at all locations; (2) all such assets at each location were subject to the control; (3) variances that exceeded the issuer's threshold were appropriately investigated and resolved; and (4) adjustments that the issuer made as a result of the control were appropriately approved and recorded. (AS 2201.42 and .44) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2019 United States 2021-05-12T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Certain Assets 2 AS 2201 44 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control related to certain assets that was being performed quarterly at all locations. The firm did not test whether (1) the control operated consistently at all locations; (2) all such assets at each location were subject to the control; (3) variances that exceeded the issuer's threshold were appropriately investigated and resolved; and (4) adjustments that the issuer made as a result of the control were appropriately approved and recorded. (AS 2201.42 and .44) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2019 United States 2021-05-12T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Certain Assets 3 AS 2201 42 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that included management's review of the reserve analysis for certain assets. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2019 United States 2021-05-12T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Certain Assets 3 AS 2201 44 The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that included management's review of the reserve analysis for certain assets. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2019 United States 2021-05-12T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Intangible Asset 1 AS 2810 30 During the year the issuer acquired an intangible asset as part of a business combination. The issuer classified the intangible asset as finite-lived and began amortizing the intangible asset over its estimated useful life. The firm did not identify or appropriately address a departure from GAAP related to issuer's classification of the intangible asset as finite-lived and recording of amortization which was not in conformity with FASB ASC Topic 350 Intangibles—Goodwill and Other for this type of intangible asset. (AS 2810.30) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2019 United States 2021-05-12T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Equity & Equity-Related Transactions 1 AS 2810 30 During the year the issuer acquired a business in exchange for shares of its common stock. Later that year the issuer and seller entered into an agreement to terminate the business combination. The issuer did not assign any value to its common stock returned under the termination agreement. The firm did not identify or appropriately address a departure from GAAP related to the issuer's common stock returned under the termination agreement which should have been recorded as a reduction to stockholders' equity at the cost of the returned shares in conformity with FASB ASC Subtopic 505-30 Treasury Stock. (AS 2810.30) Triennially Inspected 6182 DYH & Company 2019 United States 2021-05-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Equity & Equity-Related Transactions 1 AS 2810 30 The issuer issued shares of its common stock in exchange for consulting services to be performed over various periods ranging from six to 36 months. The issuer's financial statements reflected an expense for the fair value of the shares issued only to the extent the service period for the consulting services had elapsed with the exception of one terminated agreement for which the entire fair value of the shares issued was expensed upon termination. The firm did not evaluate whether there was a performance condition associated with each of the arrangements in order to determine whether the accounting was in conformity with FASB ASC Subtopic 505-50 Equity-Based Payments to Non-Employees. (AS 2810.30) Unrelated and prior to our review the issuer reevaluated its accounting for these arrangements and the related stock issuance and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Triennially Inspected 1130 Deloitte & Touche 2019 South Africa Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control that consisted of the component's review of topside journal entries related to revenue recognition. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1130 Deloitte & Touche 2019 South Africa Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control that consisted of the component's review of topside journal entries related to revenue recognition. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1130 Deloitte & Touche 2019 South Africa Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm used certain historical data of the component to evaluate the reasonableness of certain assumptions the component used to recognize revenue for a material contract. The firm did not perform any procedures to test or in the alternative identify and test any controls over the accuracy and completeness of the historical data used in its evaluation. (AS 1105.10) Triennially Inspected 1130 Deloitte & Touche 2019 South Africa Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2305 17 The firm's substantive procedures to test an assumption used to recognize revenue included substantive analytical procedures. In performing these procedures the firm did not develop expectations at a level of precision that provided the desired level of assurance that differences that could be potential material misstatements individually or in the aggregate would be identified for investigation. (AS 2305.17) Triennially Inspected 1130 Deloitte & Touche 2019 South Africa Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A B No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's monthly comparison of revenue by customer to revenue recorded in the prior month and the investigation of variances over an established threshold. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow-up had been appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1130 Deloitte & Touche 2019 South Africa Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A B No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's monthly comparison of revenue by customer to revenue recorded in the prior month and the investigation of variances over an established threshold. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow-up had been appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1208 Deloitte LLP 2019 Canada Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 The firm identified a control deficiency in that the component had not designed and implemented a control over review of new contracts and amendments for the first three quarters of the year. In response to the control deficiency identified the component designed and implemented and the firm tested a control in the fourth quarter that consisted of the review of new or amended contracts with customers whose annual sales exceeded an established threshold for appropriate revenue recognition. In testing this control the firm did not evaluate whether the threshold the control owner used to select contracts for review was sufficiently precise to detect misstatements that could be material. (AS 2201.68) Triennially Inspected 1208 Deloitte LLP 2019 Canada Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1208 Deloitte LLP 2019 Canada Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1208 Deloitte LLP 2019 Canada Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1208 Deloitte LLP 2019 Canada Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1208 Deloitte LLP 2019 Canada Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1208 Deloitte LLP 2019 Canada Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1208 Deloitte LLP 2019 Canada Deloitte Touche Tohmatsu Limited 2021-04-08T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm did not perform any substantive procedures to test sales returns. (AS 2301.08) Triennially Inspected 1435 Ernst & Young 2019 Australia Ernst & Young Global Limited 2021-04-08T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis which included performing procedures to test the accuracy of information used in this analysis. The software-assisted analysis was designed to test the relationships among revenue accounts receivable deferred revenue and cash that the issuer recorded through journal entries. The firm did not perform sufficient procedures to test the appropriateness of certain information used in this analysis because it did not test that all of the cash data was subject to the controls selected for testing. (AS 1105.10) Triennially Inspected 2743 PricewaterhouseCoopers Aarata LLC 2019 Japan PricewaterhouseCoopers International Limited 2021-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 42 The issuer used certain systems to process sales transactions and compute and record revenue and receivables. The firm selected for testing an automated control over the processing of sales transactions and computation of the final unit prices used in the determination of revenue. The firm did not test the configuration of this automated control for all types of revenue beyond observing the processing of one sales transaction for one system inquiring of management and reviewing the source code for another system. (AS 2201.42 and .44) Triennially Inspected 2743 PricewaterhouseCoopers Aarata LLC 2019 Japan PricewaterhouseCoopers International Limited 2021-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 44 The issuer used certain systems to process sales transactions and compute and record revenue and receivables. The firm selected for testing an automated control over the processing of sales transactions and computation of the final unit prices used in the determination of revenue. The firm did not test the configuration of this automated control for all types of revenue beyond observing the processing of one sales transaction for one system inquiring of management and reviewing the source code for another system. (AS 2201.42 and .44) Triennially Inspected 2743 PricewaterhouseCoopers Aarata LLC 2019 Japan PricewaterhouseCoopers International Limited 2021-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 16 The issuer used certain systems to process sales transactions and compute and record revenue and receivables. The sample sizes the firm used in certain of its substantive procedures to test revenue and receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2743 PricewaterhouseCoopers Aarata LLC 2019 Japan PricewaterhouseCoopers International Limited 2021-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 18 The issuer used certain systems to process sales transactions and compute and record revenue and receivables. The sample sizes the firm used in certain of its substantive procedures to test revenue and receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2743 PricewaterhouseCoopers Aarata LLC 2019 Japan PricewaterhouseCoopers International Limited 2021-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 37 The issuer used certain systems to process sales transactions and compute and record revenue and receivables. The sample sizes the firm used in certain of its substantive procedures to test revenue and receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2743 PricewaterhouseCoopers Aarata LLC 2019 Japan PricewaterhouseCoopers International Limited 2021-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2315 19 The issuer used certain systems to process sales transactions and compute and record revenue and receivables. The sample sizes the firm used in certain of its substantive procedures to test revenue and receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2743 PricewaterhouseCoopers Aarata LLC 2019 Japan PricewaterhouseCoopers International Limited 2021-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2315 23 The issuer used certain systems to process sales transactions and compute and record revenue and receivables. The sample sizes the firm used in certain of its substantive procedures to test revenue and receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2743 PricewaterhouseCoopers Aarata LLC 2019 Japan PricewaterhouseCoopers International Limited 2021-04-08T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2315 23A The issuer used certain systems to process sales transactions and compute and record revenue and receivables. The sample sizes the firm used in certain of its substantive procedures to test revenue and receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 In its testing of revenue the firm did not evaluate whether the issuer appropriately recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 In addition the firm did not identify and appropriately address a departure from GAAP related to the issuer's (i) disclosure that it recognized revenue under FASB ASC Topic 605 Revenue Recognition when in fact it recognized revenue under FASB ASC Topic 606 and (ii) omission of certain disclosures related to FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 31 In addition the firm did not identify and appropriately address a departure from GAAP related to the issuer's (i) disclosure that it recognized revenue under FASB ASC Topic 605 Revenue Recognition when in fact it recognized revenue under FASB ASC Topic 606 and (ii) omission of certain disclosures related to FASB ASC Topic 606. (AS 2810.30 and .31) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 3 AS 2503 21 The firm did not perform sufficient procedures to test the existence of an asset because its procedures were limited to inspecting supporting documentation dated approximately five months prior to the issuer's year end. (AS 2503.21) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2810 30 For other certain assets the firm did not evaluate if the assets were appropriately accounted for in conformity with GAAP and did not identify and appropriately address departures from GAAP related to the issuer's omission of certain required disclosures. (AS 2810.30 and .31) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 4 AS 2810 31 For other certain assets the firm did not evaluate if the assets were appropriately accounted for in conformity with GAAP and did not identify and appropriately address departures from GAAP related to the issuer's omission of certain required disclosures. (AS 2810.30 and .31) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 5 AS 2810 30 In addition the firm did not evaluate the effects of a related party relationship on whether these assets were appropriately accounted for in conformity with GAAP. (AS 2810.30) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2301 8 The firm did not evaluate whether the cost of inventory was determined in accordance with the issuer's stated policy. (AS 2301.08) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 7 The firm did not evaluate whether inventory was recorded at the lower of cost or market. (AS 2501.07) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 7 The firm did not evaluate the assumptions used by the issuer to estimate the reserve for obsolescence. (AS 2501.07) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2510 9 The firm did not perform sufficient inventory test count procedures because it did not test (1) inventory transactions between the date of the count and year end and (2) the completeness of the issuer's inventory. (AS 2510.09 and .12) Triennially Inspected 454 L&L CPAS, PA 2019 United States 2021-03-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2510 12 The firm did not perform sufficient inventory test count procedures because it did not test (1) inventory transactions between the date of the count and year end and (2) the completeness of the issuer's inventory. (AS 2510.09 and .12) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2019 United States 2021-03-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer generally recognized revenue for two categories of revenue. The firm selected for testing controls over one category of revenue that consisted of a monthly review of revenue recognition and a quarterly review over financial statement line items. For the monthly review control the firm did not evaluate whether the control was designed to ensure all relevant revenue recognition criteria had been met. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2019 United States 2021-03-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer generally recognized revenue for two categories of revenue. The firm selected for testing controls over one category of revenue that consisted of a monthly review of revenue recognition and a quarterly review over financial statement line items. For the monthly review control the firm did not evaluate whether the control was designed to ensure all relevant revenue recognition criteria had been met. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2019 United States 2021-03-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer generally recognized revenue for two categories of revenue. The firm selected for testing controls over one category of revenue that consisted of a monthly review of revenue recognition and a quarterly review over financial statement line items. For the quarterly review control the firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2019 United States 2021-03-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer generally recognized revenue for two categories of revenue. The firm selected for testing controls over one category of revenue that consisted of a monthly review of revenue recognition and a quarterly review over financial statement line items. For the quarterly review control the firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2019 United States 2021-03-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 39 For the second category of revenue the firm did not identify and test any controls over revenue recognition. (AS 2201.39) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2019 United States 2021-03-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 42 The firm selected for testing a control over management's review of long-lived assets for potential impairment. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2019 United States 2021-03-25T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2201 44 The firm selected for testing a control over management's review of long-lived assets for potential impairment. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2019 United States 2021-03-25T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 2301 8 The firm did not evaluate the effect of certain impairment indicators on whether the carrying value of long-lived assets was recoverable. (AS 2301.08; AS 2810.03) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2019 United States 2021-03-25T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 2810 3 The firm did not evaluate the effect of certain impairment indicators on whether the carrying value of long-lived assets was recoverable. (AS 2301.08; AS 2810.03) Triennially Inspected 2798 Larson & Company PC 2019 United States 2021-03-25T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 2301 8 The firm did not perform any substantive procedures to test additions to long-lived assets. (AS 2301.08) Triennially Inspected 251 Olsen Thielen & Co., Ltd 2019 United States 2021-03-18T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Receivables 1 AS 2501 7 The issuer had certain receivables that were covered by security interests in related non-cash collateral. The firm did not perform sufficient procedures to evaluate the collectability of the receivables because its procedures were limited to confirming the value of the related collateral with the borrowers. (AS 2501.07) Triennially Inspected 756 De Leon & Company, P.A. 2019 United States 2021-03-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Notes and Warrants 1 AS 2502 15 The issuer issued convertible notes and related warrants. Certain of the convertible notes included discounts. The issuer did not recognize a derivative liability or beneficial conversion feature associated with any of the convertible notes or warrants. The following deficiencies were identified: · The firm did not perform procedures to test the valuation of the convertible notes or warrants. (AS 2502.15) Triennially Inspected 756 De Leon & Company, P.A. 2019 United States 2021-03-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Notes and Warrants 2 AS 2810 30 The issuer issued convertible notes and related warrants. Certain of the convertible notes included discounts. The issuer did not recognize a derivative liability or beneficial conversion feature associated with any of the convertible notes or warrants. The following deficiencies were identified: · The firm did not evaluate whether the issuer's accounting for the convertible notes was appropriate including whether (1) the conversion options related to the convertible notes should have been separated and accounted for as derivatives in conformity with FASB ASC Subtopic 815-15 Derivatives and Hedging — Embedded Derivatives or (2) the convertible notes should have been bifurcated into a liability component and the embedded conversion option (including consideration of a potential beneficial conversion feature) in conformity with FASB ASC Subtopic 470-20 Debt — Debt with Conversion and Other Options. (AS 2810.30) Triennially Inspected 756 De Leon & Company, P.A. 2019 United States 2021-03-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Notes and Warrants 3 AS 2810 30 The issuer issued convertible notes and related warrants. Certain of the convertible notes included discounts. The issuer did not recognize a derivative liability or beneficial conversion feature associated with any of the convertible notes or warrants. The following deficiencies were identified: · The firm did not evaluate whether the issuer's accounting for the warrants was in accordance with GAAP. (AS 2810.30) Triennially Inspected 756 De Leon & Company, P.A. 2019 United States 2021-03-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Notes and Warrants 4 AS 2301 8 The issuer issued convertible notes and related warrants. Certain of the convertible notes included discounts. The issuer did not recognize a derivative liability or beneficial conversion feature associated with any of the convertible notes or warrants. The following deficiencies were identified: · The firm did not test the number and valuation of the shares issued upon conversion and evaluate whether the conversions were recorded and presented appropriately. (AS 2301.08; AS 2810.30) Triennially Inspected 756 De Leon & Company, P.A. 2019 United States 2021-03-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Convertible Notes and Warrants 4 AS 2810 30 The issuer issued convertible notes and related warrants. Certain of the convertible notes included discounts. The issuer did not recognize a derivative liability or beneficial conversion feature associated with any of the convertible notes or warrants. The following deficiencies were identified: · The firm did not test the number and valuation of the shares issued upon conversion and evaluate whether the conversions were recorded and presented appropriately. (AS 2301.08; AS 2810.30) Triennially Inspected 756 De Leon & Company, P.A. 2019 United States 2021-03-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Equity-Based Transactions 5 AS 2301 8 The firm did not perform sufficient procedures to test expenses for other equity-based transactions because it did not (1) obtain an understanding of the terms of the arrangements (2) evaluate whether the expenses were recorded in the proper period and (3) evaluate whether the expenses were appropriately valued in accordance with GAAP. (AS 2301.08; AS 2810.30) Triennially Inspected 756 De Leon & Company, P.A. 2019 United States 2021-03-18T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Equity-Based Transactions 5 AS 2810 30 The firm did not perform sufficient procedures to test expenses for other equity-based transactions because it did not (1) obtain an understanding of the terms of the arrangements (2) evaluate whether the expenses were recorded in the proper period and (3) evaluate whether the expenses were appropriately valued in accordance with GAAP. (AS 2301.08; AS 2810.30) Triennially Inspected 756 De Leon & Company, P.A. 2019 United States 2021-03-18T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 27 To test revenue the firm selected sales transactions for testing that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of sales transactions. (AS 1105.27) Triennially Inspected 756 De Leon & Company, P.A. 2019 United States 2021-03-18T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 To test revenue the firm selected sales transactions for testing that exceeded a monetary threshold. For the sales transactions selected for testing the firm did not evaluate whether all of the relevant revenue recognition criteria had been met. (AS 2301.08) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2019 United States 2021-03-18T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing a control that consisted of the review of a memorandum documenting the issuer's revenue recognition methodology. The issuer prepared this memorandum using questionnaire responses received from issuer personnel regarding key terms of contracts and purchase orders that could affect revenue recognition. The firm did not identify and test any controls to address the accuracy of the information contained in the questionnaires used in the operation of this control. (AS 2201.39) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2019 United States 2021-03-18T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Goodwill 2 AS 2201 42 The firm selected for testing a control that included the review of the issuer's annual goodwill impairment analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2019 United States 2021-03-18T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Goodwill 2 AS 2201 44 The firm selected for testing a control that included the review of the issuer's annual goodwill impairment analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1243 Deloitte Accountants B.V. 2019 Netherlands Deloitte Touche Tohmatsu Limited 2021-03-15T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The issuer records revenue based on contractual terms with customers. The firm did not perform audit procedures that addressed an assessed risk of material misstatement associated with the recognition of revenue because the firm did not evaluate certain terms used to recognize revenue against the underlying customer contracts or other supporting documentation. (AS 2301.08) Triennially Inspected 1153 Galaz, Yamazaki, Ruiz, Urquiza, S.C. 2019 Mexico Deloitte Touche Tohmatsu Limited 2021-03-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accrued Liabilities 1 AS 2110 59 The issuer used various models and assumptions to estimate the useful life of certain long-lived assets which was then used (1) in the determination of periodic depreciation and amortization of those assets and (2) to accrue a related liability. The costs related to the accrued liability were capitalized as part of the carrying value of the related long-lived assets and depreciated over their estimated useful life. The following deficiencies were identified: · The firm did not identify and assess the risks of material misstatement related to the valuation of these long-lived assets and related accrued liability. (AS 2110.59) Triennially Inspected 1153 Galaz, Yamazaki, Ruiz, Urquiza, S.C. 2019 Mexico Deloitte Touche Tohmatsu Limited 2021-03-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2110 59 The issuer used various models and assumptions to estimate the useful life of certain long-lived assets which was then used (1) in the determination of periodic depreciation and amortization of those assets and (2) to accrue a related liability. The costs related to the accrued liability were capitalized as part of the carrying value of the related long-lived assets and depreciated over their estimated useful life. The following deficiencies were identified: · The firm did not identify and assess the risks of material misstatement related to the valuation of these long-lived assets and related accrued liability. (AS 2110.59) Triennially Inspected 1153 Galaz, Yamazaki, Ruiz, Urquiza, S.C. 2019 Mexico Deloitte Touche Tohmatsu Limited 2021-03-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accrued Liabilities 2 AS 2201 8 The issuer used various models and assumptions to estimate the useful life of certain long-lived assets which was then used (1) in the determination of periodic depreciation and amortization of those assets and (2) to accrue a related liability. The costs related to the accrued liability were capitalized as part of the carrying value of the related long-lived assets and depreciated over their estimated useful life. The following deficiencies were identified: · Because of the deficiency in the firm's risk assessment procedures as discussed above the firm did not identify and test any controls over the valuation of these long-lived assets and related accrued liability (AS 2201.39). Triennially Inspected 1153 Galaz, Yamazaki, Ruiz, Urquiza, S.C. 2019 Mexico Deloitte Touche Tohmatsu Limited 2021-03-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 39 The issuer used various models and assumptions to estimate the useful life of certain long-lived assets which was then used (1) in the determination of periodic depreciation and amortization of those assets and (2) to accrue a related liability. The costs related to the accrued liability were capitalized as part of the carrying value of the related long-lived assets and depreciated over their estimated useful life. The following deficiencies were identified: · Because of the deficiency in the firm's risk assessment procedures as discussed above the firm did not identify and test any controls over the valuation of these long-lived assets and related accrued liability (AS 2201.39). Triennially Inspected 1153 Galaz, Yamazaki, Ruiz, Urquiza, S.C. 2019 Mexico Deloitte Touche Tohmatsu Limited 2021-03-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accrued Liabilities 3 AS 2301 8 The issuer used various models and assumptions to estimate the useful life of certain long-lived assets which was then used (1) in the determination of periodic depreciation and amortization of those assets and (2) to accrue a related liability. The costs related to the accrued liability were capitalized as part of the carrying value of the related long-lived assets and depreciated over their estimated useful life. The following deficiencies were identified: · In addition the firm did not perform procedures to test the reasonableness of an assumption used to estimate the value of the long-lived assets and related accrued liability and certain related disclosures in the issuer's financial statements. (AS 2301.08) Triennially Inspected 1153 Galaz, Yamazaki, Ruiz, Urquiza, S.C. 2019 Mexico Deloitte Touche Tohmatsu Limited 2021-03-11T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2301 8 The issuer used various models and assumptions to estimate the useful life of certain long-lived assets which was then used (1) in the determination of periodic depreciation and amortization of those assets and (2) to accrue a related liability. The costs related to the accrued liability were capitalized as part of the carrying value of the related long-lived assets and depreciated over their estimated useful life. The following deficiencies were identified: · In addition the firm did not perform procedures to test the reasonableness of an assumption used to estimate the value of the long-lived assets and related accrued liability and certain related disclosures in the issuer's financial statements. (AS 2301.08) Triennially Inspected 1153 Galaz, Yamazaki, Ruiz, Urquiza, S.C. 2019 Mexico Deloitte Touche Tohmatsu Limited 2021-03-11T00:00:00 Part I.A B Yes ICFR audit only Audits with a single deficiency Inventory 1 AS 2201 39 The subsidiary capitalized certain costs in the production of inventory. The firm selected for testing a control that consisted of management's review of a monthly cost analysis which compared actual to budgeted costs. The firm did not identify and test any controls over the accuracy and completeness of the monthly budgeted costs report used in the operation of this control. (AS 2201.39) Triennially Inspected 130 Lumsden & McCormick, LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer recognized revenue based on the relationship between actual costs incurred and total estimated contract costs which were accumulated within an issuer-prepared schedule (the 'Schedule'). The firm did not perform sufficient procedures to test or in the alternative test any controls over the accuracy and completeness of the actual costs incurred included in the Schedule because its procedures were limited to comparing the results of its testing of inventory and payroll to the Schedule. (AS 1105.10) Triennially Inspected 130 Lumsden & McCormick, LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2501 7 In addition the firm did not perform any substantive procedures to evaluate the reasonableness of total estimated contract costs included in the Schedule. (AS 2501.07) Triennially Inspected 429 Louis Plung & Company, LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 In its testing of revenue the firm did not obtain evidence that revenue recognition criteria had been met. (AS 2301.08) Triennially Inspected 429 Louis Plung & Company, LLP 2019 United States 2021-02-24T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Certain Assets 1 AS 2501 7 The firm did not evaluate the appropriateness of the issuer's conclusion not to record a reserve for certain assets. (AS 2501.07; AS 2810.03) Triennially Inspected 429 Louis Plung & Company, LLP 2019 United States 2021-02-24T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Certain Assets 1 AS 2810 3 The firm did not evaluate the appropriateness of the issuer's conclusion not to record a reserve for certain assets. (AS 2501.07; AS 2810.03) Triennially Inspected 448 Kronick Kalada Berdy & Co, P.C. 2019 United States 2021-02-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Estimate 1 AS 1105 10 The firm's approach for testing an estimate consisted of reviewing and testing management's process. The firm did not perform substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of data used by the issuer in developing the estimate. (AS 1105.10; AS 2501.11) Triennially Inspected 448 Kronick Kalada Berdy & Co, P.C. 2019 United States 2021-02-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Estimate 1 AS 2501 11 The firm's approach for testing an estimate consisted of reviewing and testing management's process. The firm did not perform substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of data used by the issuer in developing the estimate. (AS 1105.10; AS 2501.11) Triennially Inspected 448 Kronick Kalada Berdy & Co, P.C. 2019 United States 2021-02-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Estimate 2 AS 2501 11 The firm's approach for testing an estimate consisted of reviewing and testing management's process. The firm did not evaluate the reasonableness of the estimate and whether the issuer's related disclosures were supported. (AS 2501.11; AS 2810.30 and .31) Triennially Inspected 448 Kronick Kalada Berdy & Co, P.C. 2019 United States 2021-02-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Estimate 2 AS 2810 30 In addition the firm did not evaluate the reasonableness of the estimate and whether the issuer's related disclosures were supported. (AS 2501.11; AS 2810.30 and .31) Triennially Inspected 448 Kronick Kalada Berdy & Co, P.C. 2019 United States 2021-02-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Estimate 2 AS 2810 31 In addition the firm did not evaluate the reasonableness of the estimate and whether the issuer's related disclosures were supported. (AS 2501.11; AS 2810.30 and .31) Triennially Inspected 1051 KPMG LLP 2019 Singapore KPMG International Cooperative 2021-02-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 1105 10 The firm used certain data derived from the issuer's system in its substantive testing of revenue and related accounts. The firm did not perform any substantive procedures to test or in the alternative identify and test any controls over the completeness and/or accuracy of this data. (AS 1105.10) Triennially Inspected 1051 KPMG LLP 2019 Singapore KPMG International Cooperative 2021-02-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 2 AS 2501 11 The issuer calculated a provision for certain assets by applying established percentages to each category of these assets. The firm's approach for testing the provision was to review and test management's process. The firm did not perform any procedures to test the reasonableness of the percentages used by the issuer to determine the provision. (AS 2501.11) Triennially Inspected 1318 PricewaterhouseCoopers AS 2019 Norway PricewaterhouseCoopers International Limited 2021-02-24T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 33 The component entered into long-term contractual arrangements with customers for products and services and management represented that contracts generally contained one performance obligation. The firm did not evaluate whether contracts contained multiple performance obligations and if they did whether revenue was appropriately allocated to each distinct performance obligation and recognized only when the related performance obligations were satisfied. (AS 2810.33) Triennially Inspected 6189 Buchbinder Tunick & Company LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 30 The issuer had three categories of revenue that were derived from contractual agreements with varying terms and conditions that could affect the amount and timing of revenue to be recognized. The following deficiencies were identified: · The firm did not determine the likely sources of potential misstatements associated with these categories of revenue to identify and test controls that addressed the risks of misstatement for the relevant assertions of each category of revenue beyond testing one control related to the issuer's review of sales orders for one category of revenue. (AS 2201.30 and .39) Triennially Inspected 6189 Buchbinder Tunick & Company LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer had three categories of revenue that were derived from contractual agreements with varying terms and conditions that could affect the amount and timing of revenue to be recognized. The following deficiencies were identified: · The firm did not determine the likely sources of potential misstatements associated with these categories of revenue to identify and test controls that addressed the risks of misstatement for the relevant assertions of each category of revenue beyond testing one control related to the issuer's review of sales orders for one category of revenue. (AS 2201.30 and .39) Triennially Inspected 6189 Buchbinder Tunick & Company LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer had three categories of revenue that were derived from contractual agreements with varying terms and conditions that could affect the amount and timing of revenue to be recognized. The following deficiencies were identified: · With respect to firm's testing of the control over the review of sales orders discussed above the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 6189 Buchbinder Tunick & Company LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer had three categories of revenue that were derived from contractual agreements with varying terms and conditions that could affect the amount and timing of revenue to be recognized. The following deficiencies were identified: · With respect to firm's testing of the control over the review of sales orders discussed above the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 6189 Buchbinder Tunick & Company LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The issuer had three categories of revenue that were derived from contractual agreements with varying terms and conditions that could affect the amount and timing of revenue to be recognized. The following deficiencies were identified: · The firm's substantive procedures to test one category of revenue consisted of confirming accounts receivable at year end and testing the first five shipments after year end. These procedures did not provide sufficient appropriate audit evidence because the procedures (1) only addressed revenue recorded close to year end and (2) did not include testing of whether revenue recognition criteria had been met. (AS 2301.08) Triennially Inspected 6189 Buchbinder Tunick & Company LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Equity 4 AS 2201 19 The issuer engaged an external party to perform its testing of controls. The firm used the work of the external party as evidence of the effectiveness of controls over equity. Because the firm identified a significant risk associated with an equity transaction that the issuer entered into during the year the firm's use of the work of the external party without performing its own work did not provide sufficient appropriate audit evidence that these controls were designed and operating effectively. Further the firm did not perform any procedures to evaluate the quality and effectiveness of the external party's work. (AS 2201.19; AS 2605.20 .21 and .24) Triennially Inspected 6189 Buchbinder Tunick & Company LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Equity 4 AS 2605 20 The issuer engaged an external party to perform its testing of controls. The firm used the work of the external party as evidence of the effectiveness of controls over equity. Because the firm identified a significant risk associated with an equity transaction that the issuer entered into during the year the firm's use of the work of the external party without performing its own work did not provide sufficient appropriate audit evidence that these controls were designed and operating effectively. Further the firm did not perform any procedures to evaluate the quality and effectiveness of the external party's work. (AS 2201.19; AS 2605.20 .21 and .24) Triennially Inspected 6189 Buchbinder Tunick & Company LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Equity 4 AS 2605 21 The issuer engaged an external party to perform its testing of controls. The firm used the work of the external party as evidence of the effectiveness of controls over equity. Because the firm identified a significant risk associated with an equity transaction that the issuer entered into during the year the firm's use of the work of the external party without performing its own work did not provide sufficient appropriate audit evidence that these controls were designed and operating effectively. Further the firm did not perform any procedures to evaluate the quality and effectiveness of the external party's work. (AS 2201.19; AS 2605.20 .21 and .24) Triennially Inspected 6189 Buchbinder Tunick & Company LLP 2019 United States 2021-02-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Equity 4 AS 2605 24 The issuer engaged an external party to perform its testing of controls. The firm used the work of the external party as evidence of the effectiveness of controls over equity. Because the firm identified a significant risk associated with an equity transaction that the issuer entered into during the year the firm's use of the work of the external party without performing its own work did not provide sufficient appropriate audit evidence that these controls were designed and operating effectively. Further the firm did not perform any procedures to evaluate the quality and effectiveness of the external party's work. (AS 2201.19; AS 2605.20 .21 and .24) Triennially Inspected 1021 KPMG AG Wirtschaftspruefungsgegellschaft 2019 Germany KPMG International Cooperative 2021-02-16T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Goodwill 1 AS 2201 42 The firm selected for testing a control that consisted of management's review of the assumptions used in the issuer's models to estimate the recoverable amount of goodwill. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1021 KPMG AG Wirtschaftspruefungsgegellschaft 2019 Germany KPMG International Cooperative 2021-02-16T00:00:00 Part I.A A No ICFR audit only Audits with a single deficiency Goodwill 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of the assumptions used in the issuer's models to estimate the recoverable amount of goodwill. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1021 KPMG AG Wirtschaftspruefungsgegellschaft 2019 Germany KPMG International Cooperative 2021-02-16T00:00:00 Part I.A B Yes ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 42 The firm selected for testing a control that consisted of management's monthly review of the journal entry recorded to adjust revenue for undelivered shipments. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1021 KPMG AG Wirtschaftspruefungsgegellschaft 2019 Germany KPMG International Cooperative 2021-02-16T00:00:00 Part I.A B Yes ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 44 The firm selected for testing a control that consisted of management's monthly review of the journal entry recorded to adjust revenue for undelivered shipments. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1147 Deloitte LLP 2019 United Kingdom Deloitte Touche Tohmatsu Limited 2021-02-11T00:00:00 Part I.A A Yes Financial statement audit only Audits with a single deficiency Financial Instruments 1 AS 2310 33 The firm sent positive confirmation requests to the custodians of the component's financial instruments and identified certain differences between the information confirmed by the custodians and the component's records. The firm did not (1) evaluate the nature of exceptions identified in the confirmation replies; (2) evaluate the evidence provided by the confirmation replies; or (3) perform any other procedures to test the existence of the financial instruments given the occurrence of these exceptions. (AS 2310.33) Triennially Inspected 1294 Deloitte Statsautoriseret Revisionspartnerselskab 2019 Denmark Deloitte Touche Tohmatsu Limited 2021-02-11T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Information Technology General Controls (ITGCs) 1 AS 2201 42 The firm was engaged by the principal auditor of the issuer to perform a specific scope audit over the effectiveness of certain ITGCs including controls over user access privileges to support the principal auditor's opinion on ICFR. The principal auditor identified a risk related to improper segregation of duties due to inappropriate user access privileges. In response to this risk the firm selected for testing controls over the review of user access privileges. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1294 Deloitte Statsautoriseret Revisionspartnerselskab 2019 Denmark Deloitte Touche Tohmatsu Limited 2021-02-11T00:00:00 Part I.A A Yes ICFR audit only Audits with a single deficiency Information Technology General Controls (ITGCs) 1 AS 2201 44 The firm was engaged by the principal auditor of the issuer to perform a specific scope audit over the effectiveness of certain ITGCs including controls over user access privileges to support the principal auditor's opinion on ICFR. The principal auditor identified a risk related to improper segregation of duties due to inappropriate user access privileges. In response to this risk the firm selected for testing controls over the review of user access privileges. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1294 Deloitte Statsautoriseret Revisionspartnerselskab 2019 Denmark Deloitte Touche Tohmatsu Limited 2021-02-11T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 2501 11 The issuer determined that it had a single cash-generating unit ('CGU') based on certain assumptions and grouped certain long-lived assets together at this CGU level for purposes of evaluating these assets for possible impairment. In testing certain long-lived assets for impairment the firm identified evidence that appeared to contradict certain of the issuer's assumptions and to indicate that identifiable cash flows may have been available at a lower level. The firm did not sufficiently evaluate this contradictory evidence because its procedures to test the issuer's assumptions supporting the single CGU determination were limited to inquiring of management inspecting certain information provided by the issuer and reading board minutes. (AS 2501.11; AS 2810.03) Triennially Inspected 1294 Deloitte Statsautoriseret Revisionspartnerselskab 2019 Denmark Deloitte Touche Tohmatsu Limited 2021-02-11T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 2810 3 The issuer determined that it had a single cash-generating unit ('CGU') based on certain assumptions and grouped certain long-lived assets together at this CGU level for purposes of evaluating these assets for possible impairment. In testing certain long-lived assets for impairment the firm identified evidence that appeared to contradict certain of the issuer's assumptions and to indicate that identifiable cash flows may have been available at a lower level. The firm did not sufficiently evaluate this contradictory evidence because its procedures to test the issuer's assumptions supporting the single CGU determination were limited to inquiring of management inspecting certain information provided by the issuer and reading board minutes. (AS 2501.11; AS 2810.03) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The firm was instructed by the principal auditor of the issuer to test specific controls of the component in the areas of revenue accounts receivable and inventory. During the audit the principal auditor provided additional information to the firm regarding certain of these controls including the existence of additional control attributes and changes to the description of the controls. The firm did not perform procedures to (1) understand if the revised control descriptions as communicated by the principal auditor were indicative of changes to the controls and if so change its tests of design and operating effectiveness and (2) test the additional control attributes communicated by the principal auditor including one such attribute related to the component's monitoring of the accuracy and frequency of inventory cycle counts. (AS 2201.42 and .44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm was instructed by the principal auditor of the issuer to test specific controls of the component in the areas of revenue accounts receivable and inventory. During the audit the principal auditor provided additional information to the firm regarding certain of these controls including the existence of additional control attributes and changes to the description of the controls. The firm did not perform procedures to (1) understand if the revised control descriptions as communicated by the principal auditor were indicative of changes to the controls and if so change its tests of design and operating effectiveness and (2) test the additional control attributes communicated by the principal auditor including one such attribute related to the component's monitoring of the accuracy and frequency of inventory cycle counts. (AS 2201.42 and .44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm was instructed by the principal auditor of the issuer to test specific controls of the component in the areas of revenue accounts receivable and inventory. During the audit the principal auditor provided additional information to the firm regarding certain of these controls including the existence of additional control attributes and changes to the description of the controls. The firm did not perform procedures to (1) understand if the revised control descriptions as communicated by the principal auditor were indicative of changes to the controls and if so change its tests of design and operating effectiveness and (2) test the additional control attributes communicated by the principal auditor including one such attribute related to the component's monitoring of the accuracy and frequency of inventory cycle counts. (AS 2201.42 and .44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The firm was instructed by the principal auditor of the issuer to test specific controls of the component in the areas of revenue accounts receivable and inventory. During the audit the principal auditor provided additional information to the firm regarding certain of these controls including the existence of additional control attributes and changes to the description of the controls. The firm did not perform procedures to (1) understand if the revised control descriptions as communicated by the principal auditor were indicative of changes to the controls and if so change its tests of design and operating effectiveness and (2) test the additional control attributes communicated by the principal auditor including one such attribute related to the component's monitoring of the accuracy and frequency of inventory cycle counts. (AS 2201.42 and .44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm was instructed by the principal auditor of the issuer to test specific controls of the component in the areas of revenue accounts receivable and inventory. During the audit the principal auditor provided additional information to the firm regarding certain of these controls including the existence of additional control attributes and changes to the description of the controls. The firm did not perform procedures to (1) understand if the revised control descriptions as communicated by the principal auditor were indicative of changes to the controls and if so change its tests of design and operating effectiveness and (2) test the additional control attributes communicated by the principal auditor including one such attribute related to the component's monitoring of the accuracy and frequency of inventory cycle counts. (AS 2201.42 and .44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm was instructed by the principal auditor of the issuer to test specific controls of the component in the areas of revenue accounts receivable and inventory. During the audit the principal auditor provided additional information to the firm regarding certain of these controls including the existence of additional control attributes and changes to the description of the controls. The firm did not perform procedures to (1) understand if the revised control descriptions as communicated by the principal auditor were indicative of changes to the controls and if so change its tests of design and operating effectiveness and (2) test the additional control attributes communicated by the principal auditor including one such attribute related to the component's monitoring of the accuracy and frequency of inventory cycle counts. (AS 2201.42 and .44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The firm selected for testing as instructed by the principal auditor a control that consisted of the review and approval of price quotes. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing as instructed by the principal auditor a control that consisted of the review and approval of price quotes. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The firm selected for testing as instructed by the principal auditor a control that consisted of the review and approval of price quotes. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing as instructed by the principal auditor a control that consisted of the review and approval of price quotes. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 44 The firm selected for testing as instructed by the principal auditor a control that consisted of the performance of periodic cycle counts and the review and approval of related adjustments. The firm did not evaluate whether the documentation it inspected for unobserved inventory cycle counts provided evidence that all steps related to those counts were performed as designed. (AS 2201.44) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2510 11 The firm did not obtain sufficient appropriate audit evidence that the issuer's inventory cycle count procedures were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items during the year due to the deficiencies in the firm's control testing discussed above. (AS 2510.11) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2019 Ireland Ernst & Young Global Limited 2021-02-11T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Long-Lived Assets 1 AS 2810 30 The issuer reported a loss from operations that did not include a loss recognized on a long-lived asset held for sale that was not a discontinued operation (the 'loss'). The firm did not identify and appropriately address a departure from GAAP related to the issuer's presentation of the loss which was not in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2810.30) Unrelated and prior to our review the issuer reevaluated its presentation of the loss in its consolidated statements of operations and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over financial reporting and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 169 Sanville & Company 2019 United States 2021-02-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Dividend Income 1 AS 2601 11 The issuer used two service organizations to process and record dividend income. The firm's approach to testing dividend income included reliance on controls. The firm did not identify and test any complementary user controls over dividend income identified in the service auditor reports. (AS 2601.11 and .12) Triennially Inspected 169 Sanville & Company 2019 United States 2021-02-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Dividend Income 1 AS 2601 12 The issuer used two service organizations to process and record dividend income. The firm's approach to testing dividend income included reliance on controls. The firm did not identify and test any complementary user controls over dividend income identified in the service auditor reports. (AS 2601.11 and .12) Triennially Inspected 169 Sanville & Company 2019 United States 2021-02-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Dividend Income 2 AS 2601 16 In addition for one service organization the firm limited its procedures to reading the bridge letter between the date of the service auditor's report which was seven months before year end and year end. (AS 2601.16) Triennially Inspected 169 Sanville & Company 2019 United States 2021-02-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Dividend Income 3 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test dividend income was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 169 Sanville & Company 2019 United States 2021-02-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Dividend Income 3 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test dividend income was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 169 Sanville & Company 2019 United States 2021-02-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Dividend Income 3 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test dividend income was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 169 Sanville & Company 2019 United States 2021-02-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Dividend Income 3 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test dividend income was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 169 Sanville & Company 2019 United States 2021-02-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Dividend Income 3 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test dividend income was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 169 Sanville & Company 2019 United States 2021-02-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Dividend Income 3 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test dividend income was too small to provide sufficient appropriate audit evidence because these procedures were based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 27 PKF, LLP 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 1105 10 The firm's approach for testing labor and overhead costs that the issuer allocated to inventory was to review and test management's process for estimating the amounts to capitalize in inventory. The firm did not test the accuracy and completeness of the data the issuer used to allocate these costs. (AS 1105.10) Triennially Inspected 27 PKF, LLP 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 1105 10 In addition the firm's approach for testing labor and overhead rates was to develop an independent estimate. The firm did not test the accuracy and completeness of the system-generated reports used to develop its independent estimate. (AS 1105.10) Triennially Inspected 27 PKF, LLP 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 1105 27 The firm did not sufficiently test whether inventory was stated at the lower of cost or net realizable value at year end because it limited its procedures to testing certain inventory that was sold during the two months after year end. (AS 1105.27) Triennially Inspected 3501 DBBMCKENNON 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's substantive procedures to test certain revenue consisted of a test of details and analytical procedures. The firm used certain transactional data in these procedures but did not test or in the alternative test any controls over the accuracy and completeness of these data. (AS 1105.10; AS 2301.17; AS 2305.16) Triennially Inspected 3501 DBBMCKENNON 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 17 The firm's substantive procedures to test certain revenue consisted of a test of details and analytical procedures. The firm used certain transactional data in these procedures but did not test or in the alternative test any controls over the accuracy and completeness of these data. (AS 1105.10; AS 2301.17; AS 2305.16) Triennially Inspected 3501 DBBMCKENNON 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 16 The firm's substantive procedures to test certain revenue consisted of a test of details and analytical procedures. The firm used certain transactional data in these procedures but did not test or in the alternative test any controls over the accuracy and completeness of these data. (AS 1105.10; AS 2301.17; AS 2305.16) Triennially Inspected 3501 DBBMCKENNON 2019 United States 2021-02-02T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate information that appeared to indicate that all revenue recognition criteria may not have been met. The firm's procedures were limited to inquiry of management and internal counsel and inspecting a delivery document that did not include information related to the contents of the package and/or the name of the entity receiving the delivery. (AS 2301.08; AS 2810.03) Triennially Inspected 3501 DBBMCKENNON 2019 United States 2021-02-02T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 3 The firm did not perform sufficient procedures to evaluate information that appeared to indicate that all revenue recognition criteria may not have been met. The firm's procedures were limited to inquiry of management and internal counsel and inspecting a delivery document that did not include information related to the contents of the package and/or the name of the entity receiving the delivery. (AS 2301.08; AS 2810.03) Triennially Inspected 5630 Ahmed & Associates CPA P.C. 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2502 43 The firm did not identify and appropriately address a departure from GAAP related to the issuer's omission of certain required disclosures for short-term investments under FASB ASC Topic 820 Fair Value Measurement related to (1) the categorization of these investments within the fair value hierarchy and (2) a description of the valuation techniques and the inputs used in the fair value measurements. (AS 2502.43) Triennially Inspected 5630 Ahmed & Associates CPA P.C. 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 2 AS 2810 30 The issuer considered one short-term equity investment to be illiquid and expected that it would continue to be illiquid for an indefinite period. The firm did not perform any procedures to evaluate whether the issuer's accounting for the investment as a trading security was in accordance with GAAP including its classification as a current asset. (AS 2810.30 and .31) Triennially Inspected 5630 Ahmed & Associates CPA P.C. 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 2 AS 2810 31 The issuer considered one short-term equity investment to be illiquid and expected that it would continue to be illiquid for an indefinite period. The firm did not perform any procedures to evaluate whether the issuer's accounting for the investment as a trading security was in accordance with GAAP including its classification as a current asset. (AS 2810.30 and .31) Triennially Inspected 5630 Ahmed & Associates CPA P.C. 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 3 AS 1105 4 The firm's substantive procedures to test the valuation of investment securities consisted of agreeing investments to brokerage statements. The firm did not perform any procedures to evaluate the relevance and reliability of the values included in the brokerage statements. (AS 1105.04 and .06; AS 2502.26 and .28) Triennially Inspected 5630 Ahmed & Associates CPA P.C. 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 3 AS 1105 6 The firm's substantive procedures to test the valuation of investment securities consisted of agreeing investments to brokerage statements. The firm did not perform any procedures to evaluate the relevance and reliability of the values included in the brokerage statements. (AS 1105.04 and .06; AS 2502.26 and .28) Triennially Inspected 5630 Ahmed & Associates CPA P.C. 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 3 AS 2502 26 The firm's substantive procedures to test the valuation of investment securities consisted of agreeing investments to brokerage statements. The firm did not perform any procedures to evaluate the relevance and reliability of the values included in the brokerage statements. (AS 1105.04 and .06; AS 2502.26 and .28) Triennially Inspected 5630 Ahmed & Associates CPA P.C. 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 3 AS 2502 28 The firm's substantive procedures to test the valuation of investment securities consisted of agreeing investments to brokerage statements. The firm did not perform any procedures to evaluate the relevance and reliability of the values included in the brokerage statements. (AS 1105.04 and .06; AS 2502.26 and .28) Triennially Inspected 5630 Ahmed & Associates CPA P.C. 2019 United States 2021-02-02T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 4 AS 2301 36 The firm did not perform any procedures to test the realized gains from the sale of investments. (AS 2301.36) Triennially Inspected 215 Frazier & Deeter, LLC 2019 United States 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2510 14 The issuer held certain inventory at a public warehouse. The firm did not perform sufficient procedures to test the existence of this inventory because it limited its procedures to confirming the quantities of this inventory with the public warehouse. (AS 2510.14) Triennially Inspected 261 Hutchinson and Bloodgood LLP 2019 United States 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies An Income Statement Account 1 AS 1105 10 The firm did not test or in the alternative test any controls over the accuracy and completeness of data that it used to test certain components of an income statement account. (AS 1105.10) Triennially Inspected 261 Hutchinson and Bloodgood LLP 2019 United States 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies An Income Statement Account 2 AS 2301 8 In addition for one component of this income statement account the firm only tested amounts near year end and did not test the appropriateness of recognition. (AS 2301.08) Triennially Inspected 261 Hutchinson and Bloodgood LLP 2019 United States 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies An Income Statement Account 3 AS 2301 8 The firm did not perform sufficient procedures to test another component of this income statement account because it did not vouch its selections to the underlying agreements. (AS 2301.08) Triennially Inspected 261 Hutchinson and Bloodgood LLP 2019 United States 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Transaction 4 AS 2502 15 The firm did not test the fair value of the issuer's equity used in a transaction. (AS 2502.15) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2019 United States 2021-01-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of data that the issuer used to record revenue including the related revenue journal entries. In testing the operating effectiveness of this control the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the data. (AS 2201.44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2019 United States 2021-01-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 42 The firm selected for testing a control that consisted of management's review of the long-lived assets impairment analysis. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the significant assumptions used in the impairment analysis. (AS 2201.42 and .44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2019 United States 2021-01-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 44 The firm selected for testing a control that consisted of management's review of the long-lived assets impairment analysis. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the significant assumptions used in the impairment analysis. (AS 2201.42 and .44) Triennially Inspected 342 Pannell Kerr Forster of Texas, P.C. 2019 United States 2021-01-21T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 39 The firm selected for testing a control that included management's review of financial statement disclosures related to long-lived assets that were based on a report prepared by an external specialist engaged by the issuer. The firm did not identify and test any controls over the accuracy and completeness of the issuer-provided data that the external specialist used to prepare this report. (AS 2201.39) Triennially Inspected 1433 Ernst & Young AB 2019 Sweden Ernst & Young Global Limited 2021-01-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing controls over revenue including certain automated controls related to the initiation processing and recording of revenue. The automated controls included (1) a three-way match between the customer purchase order bill of lading and invoice and (2) the generation of nightly exception reports. Certain of these automated controls included a manual element that consisted of the confirmation of shipment by warehouse staff. The firm's approach to testing these controls was to test a single transaction. The following deficiencies were identified: · The firm did not evaluate whether each automated control was configurable and if so whether each control was configured appropriately within the system and as a result the firm's testing of these automated controls using a sample of only one instance was not sufficient. (AS 2201.42 and .44) Triennially Inspected 1433 Ernst & Young AB 2019 Sweden Ernst & Young Global Limited 2021-01-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing controls over revenue including certain automated controls related to the initiation processing and recording of revenue. The automated controls included (1) a three-way match between the customer purchase order bill of lading and invoice and (2) the generation of nightly exception reports. Certain of these automated controls included a manual element that consisted of the confirmation of shipment by warehouse staff. The firm's approach to testing these controls was to test a single transaction. The following deficiencies were identified: · The firm did not evaluate whether each automated control was configurable and if so whether each control was configured appropriately within the system and as a result the firm's testing of these automated controls using a sample of only one instance was not sufficient. (AS 2201.42 and .44) Triennially Inspected 1433 Ernst & Young AB 2019 Sweden Ernst & Young Global Limited 2021-01-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing controls over revenue including certain automated controls related to the initiation processing and recording of revenue. The automated controls included (1) a three-way match between the customer purchase order bill of lading and invoice and (2) the generation of nightly exception reports. Certain of these automated controls included a manual element that consisted of the confirmation of shipment by warehouse staff. The firm's approach to testing these controls was to test a single transaction. The following deficiencies were identified: · The firm did not test all relevant scenarios of the automated controls to ensure the system processed transactions as designed for all scenarios. (AS 2201.42 and .44) Triennially Inspected 1433 Ernst & Young AB 2019 Sweden Ernst & Young Global Limited 2021-01-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing controls over revenue including certain automated controls related to the initiation processing and recording of revenue. The automated controls included (1) a three-way match between the customer purchase order bill of lading and invoice and (2) the generation of nightly exception reports. Certain of these automated controls included a manual element that consisted of the confirmation of shipment by warehouse staff. The firm's approach to testing these controls was to test a single transaction. The following deficiencies were identified: · The firm did not test all relevant scenarios of the automated controls to ensure the system processed transactions as designed for all scenarios. (AS 2201.42 and .44) Triennially Inspected 1433 Ernst & Young AB 2019 Sweden Ernst & Young Global Limited 2021-01-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing controls over revenue including certain automated controls related to the initiation processing and recording of revenue. The automated controls included (1) a three-way match between the customer purchase order bill of lading and invoice and (2) the generation of nightly exception reports. Certain of these automated controls included a manual element that consisted of the confirmation of shipment by warehouse staff. The firm's approach to testing these controls was to test a single transaction. The following deficiencies were identified: · The firm did not perform any procedures to test the manual element of the controls. (AS 2201.42 and .44) Triennially Inspected 1433 Ernst & Young AB 2019 Sweden Ernst & Young Global Limited 2021-01-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing controls over revenue including certain automated controls related to the initiation processing and recording of revenue. The automated controls included (1) a three-way match between the customer purchase order bill of lading and invoice and (2) the generation of nightly exception reports. Certain of these automated controls included a manual element that consisted of the confirmation of shipment by warehouse staff. The firm's approach to testing these controls was to test a single transaction. The following deficiencies were identified: · The firm did not perform any procedures to test the manual element of the controls. (AS 2201.42 and .44) Triennially Inspected 1433 Ernst & Young AB 2019 Sweden Ernst & Young Global Limited 2021-01-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 39 The firm selected for testing controls over revenue including certain automated controls related to the initiation processing and recording of revenue. The automated controls included (1) a three-way match between the customer purchase order bill of lading and invoice and (2) the generation of nightly exception reports. Certain of these automated controls included a manual element that consisted of the confirmation of shipment by warehouse staff. The firm's approach to testing these controls was to test a single transaction. The following deficiencies were identified: · The firm did not identify and test any controls over the review of the system-generated exception reports resulting from the three-way match control. (AS 2201.39) Triennially Inspected 1433 Ernst & Young AB 2019 Sweden Ernst & Young Global Limited 2021-01-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Inventory 5 AS 2201 42 The firm selected for testing controls over inventory including two automated controls related to (1) the recording of inventory at standard cost when warehouse staff marked inventory as received in the system and (2) the application of standard labor and overhead to materials inventory. The firm's approach to testing these controls was to test a single transaction. The firm did not evaluate whether each automated control was configurable and if so whether each control was configured appropriately within the system and as a result the firm's testing of these automated controls using a sample of only one instance was not sufficient. Further the firm did not perform any procedures to test the manual aspect of an automated control over inventory related to the manual confirmation of inventory received. (AS 2201.42 and .44) Triennially Inspected 1433 Ernst & Young AB 2019 Sweden Ernst & Young Global Limited 2021-01-21T00:00:00 Part I.A A Yes ICFR audit only Audits with multiple deficiencies Inventory 5 AS 2201 44 The firm selected for testing controls over inventory including two automated controls related to (1) the recording of inventory at standard cost when warehouse staff marked inventory as received in the system and (2) the application of standard labor and overhead to materials inventory. The firm's approach to testing these controls was to test a single transaction. The firm did not evaluate whether each automated control was configurable and if so whether each control was configured appropriately within the system and as a result the firm's testing of these automated controls using a sample of only one instance was not sufficient. Further the firm did not perform any procedures to test the manual aspect of an automated control over inventory related to the manual confirmation of inventory received. (AS 2201.42 and .44) Triennially Inspected 3223 AJSH & Co. LLP 2019 India 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Financial Statement Presentation and Disclosures 1 AS 2810 30 The firm did not identify or appropriately address a departure from GAAP related to the financial statement presentation and disclosures associated with certain transactions. (AS 2810.30 and .31) Triennially Inspected 3223 AJSH & Co. LLP 2019 India 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Financial Statement Presentation and Disclosures 1 AS 2810 31 The firm did not identify or appropriately address a departure from GAAP related to the financial statement presentation and disclosures associated with certain transactions. (AS 2810.30 and .31) Triennially Inspected 5341 Manohar Chowdhry & Associates 2019 India 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not identify and appropriately address a departure from GAAP related to the issuer's inaccurate disclosure that it recognized revenue in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers when it had not early adopted the new standard and was still recognizing revenue in accordance with FASB Topic ASC 605 Revenue Recognition. (AS 2810.30 and .31) Triennially Inspected 5341 Manohar Chowdhry & Associates 2019 India 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 31 The firm did not identify and appropriately address a departure from GAAP related to the issuer's inaccurate disclosure that it recognized revenue in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers when it had not early adopted the new standard and was still recognizing revenue in accordance with FASB Topic ASC 605 Revenue Recognition. (AS 2810.30 and .31) Triennially Inspected 5341 Manohar Chowdhry & Associates 2019 India 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm's testing of revenue was not sufficient as the firm did not test whether the applicable revenue recognition criteria had been met. In addition the firm did not evaluate whether the issuer's revenue recognition was in compliance with all applicable GAAP. (AS 2301.08; AS 2810.30) Triennially Inspected 5341 Manohar Chowdhry & Associates 2019 India 2021-01-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm's testing of revenue was not sufficient as the firm did not test whether the applicable revenue recognition criteria had been met. In addition the firm did not evaluate whether the issuer's revenue recognition was in compliance with all applicable GAAP. (AS 2301.08; AS 2810.30) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue, including Allowances 1 AS 2201 42 The issuer recorded a chargeback accrual and used a one-month settlement-period assumption to estimate a portion of this accrual. The firm selected for testing a control that consisted of the review of the chargeback accrual including the reasonableness of the settlement-period assumption. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue, including Allowances 1 AS 2201 44 The issuer recorded a chargeback accrual and used a one-month settlement-period assumption to estimate a portion of this accrual. The firm selected for testing a control that consisted of the review of the chargeback accrual including the reasonableness of the settlement-period assumption. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue, including Allowances 2 AS 2501 11 The firm's approach for substantively testing the chargeback accrual was to review and test management's process. The firm did not perform procedures beyond inquiry to assess the reasonableness of the settlement-period assumption that the issuer used to estimate a portion of the chargeback accrual. (AS 2501.11) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Contingent Liability 3 AS 2201 42 The issuer determined the fair value of a contingent liability using forecasted EBITDA and other assumptions. The firm selected for testing a control that consisted of the review of the issuer's annual forecast including the forecasted EBITDA assumption. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the forecasted EBITDA assumption. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Contingent Liability 3 AS 2201 44 The issuer determined the fair value of a contingent liability using forecasted EBITDA and other assumptions. The firm selected for testing a control that consisted of the review of the issuer's annual forecast including the forecasted EBITDA assumption. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the forecasted EBITDA assumption. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The firm did not identify and test any controls over the existence of inventory at certain of the issuer's locations. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 42 The firm selected for testing a control that consisted of reviews of the appropriateness of the models the issuer used to determine the fair values of investments and derivatives. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 42 The firm selected for testing a control that consisted of reviews of the appropriateness of the models the issuer used to determine the fair values of investments and derivatives. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 44 The firm selected for testing a control that consisted of reviews of the appropriateness of the models the issuer used to determine the fair values of investments and derivatives. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 44 The firm selected for testing a control that consisted of reviews of the appropriateness of the models the issuer used to determine the fair values of investments and derivatives. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 2 AS 2201 42 The firm selected for testing a control over the valuation of the issuer's investments and derivatives that consisted of reviews of the recorded fair values. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain assumptions used to determine these fair values. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2201 42 The firm selected for testing a control over the valuation of the issuer's investments and derivatives that consisted of reviews of the recorded fair values. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain assumptions used to determine these fair values. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 2 AS 2201 44 The firm selected for testing a control over the valuation of the issuer's investments and derivatives that consisted of reviews of the recorded fair values. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain assumptions used to determine these fair values. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2201 44 The firm selected for testing a control over the valuation of the issuer's investments and derivatives that consisted of reviews of the recorded fair values. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain assumptions used to determine these fair values. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test these investments and derivatives were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 4 AS 2301 8 The firm did not perform any substantive procedures to test investments and derivatives at certain of the issuer's business units. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2301 8 The firm did not perform any substantive procedures to test investments and derivatives at certain of the issuer's business units. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 1 AS 2201 42 The firm selected for testing a control that included the assessment of the issuer's properties that had no assigned oil and gas reserves ('unevaluated properties') for possible impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assumptions management used to conclude that there was no impairment for these properties. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 1 AS 2201 44 The firm selected for testing a control that included the assessment of the issuer's properties that had no assigned oil and gas reserves ('unevaluated properties') for possible impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assumptions management used to conclude that there was no impairment for these properties. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 2 AS 2501 11 The issuer concluded at year end that its unevaluated properties were not impaired primarily based on management's plans to drill or otherwise extend the expiring leases on certain of these properties. The firm concluded that the issuer's assessment was reasonable without performing procedures beyond inquiry to evaluate management's intent to extend these expiring leases. Further the firm did not evaluate information that it obtained that appeared to be inconsistent with management's intent including that the issuer's budget for the following year did not include any capital expenditures for these properties. (AS 2501.11; AS 2810.03) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 2 AS 2810 3 The issuer concluded at year end that its unevaluated properties were not impaired primarily based on management's plans to drill or otherwise extend the expiring leases on certain of these properties. The firm concluded that the issuer's assessment was reasonable without performing procedures beyond inquiry to evaluate management's intent to extend these expiring leases. Further the firm did not evaluate information that it obtained that appeared to be inconsistent with management's intent including that the issuer's budget for the following year did not include any capital expenditures for these properties. (AS 2501.11; AS 2810.03) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer performed cycle counts of inventory at certain of the issuer's locations. The firm selected for testing controls that consisted of the issuer's cycle-count procedures and reviews of reports to monitor the frequency and accuracy of the counts. The following deficiencies were identified: · The issuer designed its cycle-count procedures to exclude up to half of the inventory at each location from the cycle counts. In evaluating the design of these controls the firm did not assess the effect of the issuer excluding this portion of inventory on the controls' ability to effectively prevent or detect a material misstatement. (AS 2201.42) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer performed cycle counts of inventory at certain of the issuer's locations. The firm selected for testing controls that consisted of the issuer's cycle-count procedures and reviews of reports to monitor the frequency and accuracy of the counts. The following deficiencies were identified: · The firm did not evaluate whether these controls were appropriately designed to monitor the accuracy of the cycle counts and address whether sufficient inventory items were counted with sufficient frequency because the firm did not identify that the reports the control owners reviewed did not include information related to the frequency with which each item was counted and the accuracy of the cycle counts for each of these items. (AS 2201.42) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The issuer performed cycle counts of inventory at certain of the issuer's locations. The firm selected for testing controls that consisted of the issuer's cycle-count procedures and reviews of reports to monitor the frequency and accuracy of the counts. The following deficiencies were identified: · The issuer's cycle-count procedures were designed to have the same person responsible for generating count sheets performing the cycle counts entering the results into the system following up on identified differences and posting certain adjustments. The firm did not identify and evaluate whether this resulted in a lack of segregation of duties. (AS 2201.42) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2501 11 Due to the deficiencies discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Intangible Assets 1 AS 2301 8 The firm did not perform any procedures to evaluate certain intangible assets for possible impairment despite the issuer's deteriorating financial results and the issuer recording an impairment of other intangible assets during the year. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 23 The firm's sample for testing certain revenue was too small to provide sufficient appropriate audit evidence because in determining its sample size the firm inappropriately used a risk of material misstatement that was lower than its assessed risk of material misstatement for this revenue. (AS 2315.23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2019 United States Deloitte Touche Tohmatsu Limited 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 23A The firm's sample for testing certain revenue was too small to provide sufficient appropriate audit evidence because in determining its sample size the firm inappropriately used a risk of material misstatement that was lower than its assessed risk of material misstatement for this revenue. (AS 2315.23 and .23A) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 39 The firm did not identify and test any controls over this revenue. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2301 8 The firm did not perform any substantive procedures to test this revenue. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 3 AS 2201 39 The firm selected for testing controls over these two types of revenue and the related deferred revenue. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the performance of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2201 39 The firm selected for testing controls over these two types of revenue and the related deferred revenue. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the performance of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 4 AS 1105 10 The firm did not perform substantive procedures to test or test controls over the accuracy and completeness of certain information used in its substantive testing of this revenue and deferred revenue. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 1105 10 The firm did not perform substantive procedures to test or test controls over the accuracy and completeness of certain information used in its substantive testing of this revenue and deferred revenue. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 1 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing controls over the accounting for the business combination which included the issuer's review of the assumptions underlying the cash-flow forecasts used in the valuation of the acquired intangible assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over accounting for business combinations and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 1 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing controls over the accounting for the business combination which included the issuer's review of the assumptions underlying the cash-flow forecasts used in the valuation of the acquired intangible assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over accounting for business combinations and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 2 AS 2502 26 The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The firm performed certain comparisons to test the reasonableness of certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of the acquired intangible assets. The firm did not perform procedures beyond inquiring of management to evaluate the differences it identified in these comparisons. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 2 AS 2502 28 The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The firm performed certain comparisons to test the reasonableness of certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of the acquired intangible assets. The firm did not perform procedures beyond inquiring of management to evaluate the differences it identified in these comparisons. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 2 AS 2502 31 The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The firm performed certain comparisons to test the reasonableness of certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of the acquired intangible assets. The firm did not perform procedures beyond inquiring of management to evaluate the differences it identified in these comparisons. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 2 AS 2502 36 The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The firm performed certain comparisons to test the reasonableness of certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of the acquired intangible assets. The firm did not perform procedures beyond inquiring of management to evaluate the differences it identified in these comparisons. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 3 AS 2502 26 The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain other assumptions underlying these cash-flow forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 3 AS 2502 28 The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain other assumptions underlying these cash-flow forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 3 AS 2502 31 The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain other assumptions underlying these cash-flow forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 3 AS 2502 36 The firm's approach for substantively testing the valuation of the acquired intangible assets was to review and test management's process. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain other assumptions underlying these cash-flow forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 1 AS 2201 42 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The firm selected for testing controls over managing developer-level access to these IT systems. The firm did not evaluate the procedures that the control owners performed to determine whether developers had the ability to migrate changes to production. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The firm selected for testing controls over managing developer-level access to these IT systems. The firm did not evaluate the procedures that the control owners performed to determine whether developers had the ability to migrate changes to production. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 1 AS 2201 44 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The firm selected for testing controls over managing developer-level access to these IT systems. The firm did not evaluate the procedures that the control owners performed to determine whether developers had the ability to migrate changes to production. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The firm selected for testing controls over managing developer-level access to these IT systems. The firm did not evaluate the procedures that the control owners performed to determine whether developers had the ability to migrate changes to production. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 2 AS 2201 46 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The issuer used various change management processes for these IT systems including multiple tools to manage and migrate changes into the production environments. The firm's sampling approach for testing ITGCs related to change management and segregation of duties was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The issuer used various change management processes for these IT systems including multiple tools to manage and migrate changes into the production environments. The firm's sampling approach for testing ITGCs related to change management and segregation of duties was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 3 AS 1105 10 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The firm did not test or in the alternative test any controls over the accuracy and completeness of the system-generated reports that it used to select its sample for testing controls over change management. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The firm did not test or in the alternative test any controls over the accuracy and completeness of the system-generated reports that it used to select its sample for testing controls over change management. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 4 AS 2201 46 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The firm tested certain automated and IT-dependent manual controls that used data from these IT systems. As a result of the deficiencies in the firm's testing of ITGCs discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 46 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The firm tested certain automated and IT-dependent manual controls that used data from these IT systems. As a result of the deficiencies in the firm's testing of ITGCs discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 5 AS 1105 10 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The firm used information that was produced by these IT systems in performing certain of its substantive procedures to test revenue property plant and equipment and related manual journal entries but did not have a basis to rely on this information due to the deficiencies in the firm's testing of ITGCs discussed above. The firm did not test or in the alternative test any other controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 The issuer used multiple information-technology ('IT') systems to initiate process and record transactions related to certain revenue and property plant and equipment. The firm tested information technology general controls ('ITGCs') for these IT systems. The following deficiencies were identified: · The firm used information that was produced by these IT systems in performing certain of its substantive procedures to test revenue property plant and equipment and related manual journal entries but did not have a basis to rely on this information due to the deficiencies in the firm's testing of ITGCs discussed above. The firm did not test or in the alternative test any other controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 42 The issuer processed revenue for one of its business units using two billing systems. The firm selected for testing various automated controls related to the revenue recorded by both systems. The firm did not test the configuration of the automated controls or perform other procedures that would have provided sufficient appropriate audit evidence that the automated controls were designed and operating effectively. (AS 2201.42 .44 and .B9) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 44 The issuer processed revenue for one of its business units using two billing systems. The firm selected for testing various automated controls related to the revenue recorded by both systems. The firm did not test the configuration of the automated controls or perform other procedures that would have provided sufficient appropriate audit evidence that the automated controls were designed and operating effectively. (AS 2201.42 .44 and .B9) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 B9 The issuer processed revenue for one of its business units using two billing systems. The firm selected for testing various automated controls related to the revenue recorded by both systems. The firm did not test the configuration of the automated controls or perform other procedures that would have provided sufficient appropriate audit evidence that the automated controls were designed and operating effectively. (AS 2201.42 .44 and .B9) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's testing of ITGCs discussed and the deficiency in the firm's control testing related to certain revenue discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's testing of ITGCs discussed and the deficiency in the firm's control testing related to certain revenue discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's testing of ITGCs discussed and the deficiency in the firm's control testing related to certain revenue discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's testing of ITGCs discussed and the deficiency in the firm's control testing related to certain revenue discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's testing of ITGCs discussed and the deficiency in the firm's control testing related to certain revenue discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's testing of ITGCs discussed and the deficiency in the firm's control testing related to certain revenue discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 8 AS 2201 39 The issuer incurred costs related to property plant and equipment including costs of internally-developed software; certain of these costs were expensed and others were capitalized. The firm did not identify and test any controls that addressed whether (1) the non-software costs incurred for individual projects and (2) costs of internally-developed software were appropriately expensed or capitalized. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 9 AS 2201 42 The issuer assigned estimated useful lives to each type of property plant and equipment. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the estimated useful lives. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and 44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 9 AS 2201 44 The issuer assigned estimated useful lives to each type of property plant and equipment. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the estimated useful lives. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and 44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 10 AS 2501 11 The issuer assigned estimated useful lives to each type of property plant and equipment. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate the reasonableness of the estimated useful lives because its procedures were limited to reading the useful life study prepared by an external specialist in a previous year and inspecting the issuer's depreciation schedule. (AS 2501.11) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 11 AS 2201 42 The issuer's policy was to group all of its property plant and equipment when evaluating the assets for possible impairment because the cash flows were largely interdependent. The following deficiencies were identified: · The firm selected for testing a control over the impairment of property plant and equipment which included the determination of its asset groupings. The firm did not test beyond inquiry the aspect of the control that addressed the appropriateness of the issuer's conclusion that it had one asset group. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 11 AS 2201 44 The issuer's policy was to group all of its property plant and equipment when evaluating the assets for possible impairment because the cash flows were largely interdependent. The following deficiencies were identified: · The firm selected for testing a control over the impairment of property plant and equipment which included the determination of its asset groupings. The firm did not test beyond inquiry the aspect of the control that addressed the appropriateness of the issuer's conclusion that it had one asset group. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment 12 AS 2501 11 The issuer's policy was to group all of its property plant and equipment when evaluating the assets for possible impairment because the cash flows were largely interdependent. The following deficiencies were identified: · In concluding that the issuer's impairment assessment was reasonable the firm did not sufficiently evaluate whether the issuer's identification of one asset group was appropriate because the firm's procedures were limited to reading the issuer's memorandum documenting its conclusion that there was no impairment of property plant and equipment. (AS 2501.11) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 With respect to the ALL for loans that the issuer assessed collectively for impairment: The firm selected for testing controls that included a committee's review of certain assumptions used to estimate this ALL. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 With respect to the ALL for loans that the issuer assessed collectively for impairment: The firm selected for testing controls that included a committee's review of certain assumptions used to estimate this ALL. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 42 With respect to the ALL for loans that the issuer assessed collectively for impairment: The firm selected for testing a control that consisted of the issuer's review of the assigned loan grades which included a review by senior management of the assigned loan grades for certain loans. The loan grades were an important factor in estimating this ALL. The firm did not perform procedures to test the aspect of the control related to senior management's review of the assigned loan grades beyond inspecting loan files for sign-off as evidence of review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 44 With respect to the ALL for loans that the issuer assessed collectively for impairment: The firm selected for testing a control that consisted of the issuer's review of the assigned loan grades which included a review by senior management of the assigned loan grades for certain loans. The loan grades were an important factor in estimating this ALL. The firm did not perform procedures to test the aspect of the control related to senior management's review of the assigned loan grades beyond inspecting loan files for sign-off as evidence of review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 With respect to the ALL for loans that the issuer assessed individually for impairment: The firm selected for testing a control that consisted of the issuer's review of loans that exceeded a loan grade threshold and the review of the impairment calculations for individually impaired loans. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain inputs and assumptions underlying the impairment calculations for individually impaired loans. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 44 With respect to the ALL for loans that the issuer assessed individually for impairment: The firm selected for testing a control that consisted of the issuer's review of loans that exceeded a loan grade threshold and the review of the impairment calculations for individually impaired loans. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain inputs and assumptions underlying the impairment calculations for individually impaired loans. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 19 With respect to the ALL for loans that the issuer assessed individually for impairment: The firm selected for testing a control that consisted of the issuer's review of appraisals used to determine the fair value of the underlying collateral for collateral-dependent loans that it had determined to be individually impaired. The firm used only the work of the issuer's internal audit as evidence of the operating effectiveness of the control. This approach did not provide sufficient appropriate audit evidence that the control was operating as designed because of the amount of subjectivity involved in reviewing the appraised collateral values. (AS 2201.19; AS 2605.20 and .21) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2605 20 With respect to the ALL for loans that the issuer assessed individually for impairment: The firm selected for testing a control that consisted of the issuer's review of appraisals used to determine the fair value of the underlying collateral for collateral-dependent loans that it had determined to be individually impaired. The firm used only the work of the issuer's internal audit as evidence of the operating effectiveness of the control. This approach did not provide sufficient appropriate audit evidence that the control was operating as designed because of the amount of subjectivity involved in reviewing the appraised collateral values. (AS 2201.19; AS 2605.20 and .21) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2605 21 With respect to the ALL for loans that the issuer assessed individually for impairment: The firm selected for testing a control that consisted of the issuer's review of appraisals used to determine the fair value of the underlying collateral for collateral-dependent loans that it had determined to be individually impaired. The firm used only the work of the issuer's internal audit as evidence of the operating effectiveness of the control. This approach did not provide sufficient appropriate audit evidence that the control was operating as designed because of the amount of subjectivity involved in reviewing the appraised collateral values. (AS 2201.19; AS 2605.20 and .21) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 5 AS 2201 42 The firm selected for testing a control that included the issuer's review of the categorization of the available-for-sale and trading securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not perform procedures to test the aspect of the control related to assessing the appropriateness of the categorization of these securities within the fair value hierarchy. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 5 AS 2201 44 The firm selected for testing a control that included the issuer's review of the categorization of the available-for-sale and trading securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not perform procedures to test the aspect of the control related to assessing the appropriateness of the categorization of these securities within the fair value hierarchy. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2502 43 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these securities within the fair value hierarchy. (AS 2502.43) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 7 AS 2310 31 During the year the issuer acquired a business. The firm's procedures to test the acquired deposit liabilities included sending positive confirmation requests for deposit accounts over an established threshold. For the positive confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the acquired deposit liabilities were accurate as of the confirmation date. (AS 2310.31) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing controls that consisted of the issuer's review of the cash-flow forecasts used in the valuation of certain acquired intangible assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of a revenue assumption underlying the cash-flow forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing controls that consisted of the issuer's review of the cash-flow forecasts used in the valuation of certain acquired intangible assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of a revenue assumption underlying the cash-flow forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 26 The firm's approach for substantively testing the valuation of certain acquired intangible assets was to review and test management's process. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of a revenue assumption underlying the cash-flow forecasts for any of the periods beyond the first two years of the 20-year forecast period. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 28 The firm's approach for substantively testing the valuation of certain acquired intangible assets was to review and test management's process. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of a revenue assumption underlying the cash-flow forecasts for any of the periods beyond the first two years of the 20-year forecast period. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 31 The firm's approach for substantively testing the valuation of certain acquired intangible assets was to review and test management's process. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of a revenue assumption underlying the cash-flow forecasts for any of the periods beyond the first two years of the 20-year forecast period. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 36 The firm's approach for substantively testing the valuation of certain acquired intangible assets was to review and test management's process. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of a revenue assumption underlying the cash-flow forecasts for any of the periods beyond the first two years of the 20-year forecast period. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Long-lived Assets 1 AS 2201 42 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and long-lived assets. The following deficiencies were identified: · The firm tested ITGCs for these IT systems. The firm selected for testing controls over change management that consisted of (1) the review and testing of planned changes to the IT systems and (2) approval of these changes prior to implementation into the production environment. The firm did not evaluate the specific procedures that the control owners performed to identify evaluate the appropriateness of and approve certain changes made to the IT systems. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and long-lived assets. The following deficiencies were identified: · The firm tested ITGCs for these IT systems. The firm selected for testing controls over change management that consisted of (1) the review and testing of planned changes to the IT systems and (2) approval of these changes prior to implementation into the production environment. The firm did not evaluate the specific procedures that the control owners performed to identify evaluate the appropriateness of and approve certain changes made to the IT systems. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Long-lived Assets 1 AS 2201 44 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and long-lived assets. The following deficiencies were identified: · The firm tested ITGCs for these IT systems. The firm selected for testing controls over change management that consisted of (1) the review and testing of planned changes to the IT systems and (2) approval of these changes prior to implementation into the production environment. The firm did not evaluate the specific procedures that the control owners performed to identify evaluate the appropriateness of and approve certain changes made to the IT systems. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and long-lived assets. The following deficiencies were identified: · The firm tested ITGCs for these IT systems. The firm selected for testing controls over change management that consisted of (1) the review and testing of planned changes to the IT systems and (2) approval of these changes prior to implementation into the production environment. The firm did not evaluate the specific procedures that the control owners performed to identify evaluate the appropriateness of and approve certain changes made to the IT systems. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Long-lived Assets 2 AS 1105 10 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and long-lived assets. The following deficiencies were identified: · The firm did not test or in the alternative test controls over the completeness of the population of changes that were processed internally by the issuer's IT personnel and that the firm used in its testing of the controls over change management. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and long-lived assets. The following deficiencies were identified: · The firm did not test or in the alternative test controls over the completeness of the population of changes that were processed internally by the issuer's IT personnel and that the firm used in its testing of the controls over change management. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Long-lived Assets 3 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and long-lived assets. The following deficiencies were identified: · The firm tested certain automated and IT-dependent manual controls over certain revenue and long-lived assets that used information from these IT systems. As a result of the deficiencies in the firm's testing of ITGCs discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient because these controls used information generated by these IT systems. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and long-lived assets. The following deficiencies were identified: · The firm tested certain automated and IT-dependent manual controls over certain revenue and long-lived assets that used information from these IT systems. As a result of the deficiencies in the firm's testing of ITGCs discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient because these controls used information generated by these IT systems. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing a control that consisted of the review of the issuer's accounting for certain revenue arrangements for conformity with GAAP. The firm did not identify and test any controls over the completeness of certain information that the control owners used in the performance of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing a manual control that consisted of the review of pricing in all new and modified contracts. The sample that the firm used to test this control was too small to provide sufficient appropriate audit evidence that the control was operating effectively because it limited the sample to one contract modification. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis which included performing procedures to test the accuracy of information used in this analysis. The software-assisted analysis was designed to test the relationships among revenue accounts receivable and cash that the issuer recorded through journal entries. The firm however did not perform procedures to test the appropriateness of the cash data used in this analysis. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis which included performing procedures to test the accuracy of information used in this analysis. The software-assisted analysis was designed to test the relationships between revenue and cash that the issuer recorded through journal entries. The firm however did not perform procedures to test the appropriateness of the cash data used in this analysis. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A J Yes Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm's approach for substantively testing certain revenue consisted primarily of performing a software-assisted analysis which included performing procedures to test the accuracy of information used in this analysis. The software-assisted analysis was designed to test the relationships among revenue accounts receivable and cash that the issuer recorded through journal entries. The firm did not perform sufficient procedures to test the appropriateness of certain information used in this analysis because it did not perform procedures to test whether the cash receipts were relevant to the revenue being tested. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2019 United States Ernst & Young Global Limited 2020-12-17T00:00:00 Part I.A K No Financial statement audit only Audits with a single deficiency Pension Assets 1 AS 2301 8 The issuer reported its pension plan assets at fair value. The firm did not perform any substantive procedures to test the valuation of certain of the issuer's pension plan assets it had planned to test. (AS 2301.08) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing two review controls over the qualitative component of the ALL. The firm did not evaluate the review procedures that the control owners performed including the procedures used to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing two review controls over the qualitative component of the ALL. The firm did not evaluate the review procedures that the control owners performed including the procedures used to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 11 The firm's approach to substantively test the qualitative component of the ALL was to review and test management's process. The firm did not sufficiently evaluate the appropriateness of the issuer's ALL methodology and the reasonableness of the significant inputs and assumptions used because it limited its procedures to comparing the basis-point adjustments for economic and other factors that the issuer used at year end to those used in the prior period. (AS 2501.11) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2201 42 The issuer recorded the fair values of available-for-sale securities based on the prices it obtained from an external pricing service. The firm selected for testing a control that consisted of the comparison of these prices to prices obtained from another external pricing service. In evaluating the design of this control the firm did not identify that the prices obtained from the other pricing service were derived from the same pricing source as the one the issuer used to record the fair value of the securities. (AS 2201.42) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 68 The firm selected for testing a control that the issuer intended to be an objective review of assigned loan grades. The firm concluded that this control was deficient because the control owners were not independent of the department responsible for assigning the loan grades. The firm identified other controls over the review of assigned loan grades that it believed would compensate for this control deficiency. The firm did not identify that the control owners for these controls also were not independent of the department responsible for assigning the loan grades. (AS 2201.68) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test the reasonableness of assigned loan grades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test the reasonableness of assigned loan grades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test the reasonableness of assigned loan grades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test the reasonableness of assigned loan grades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test the reasonableness of assigned loan grades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test the reasonableness of assigned loan grades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer processed and recorded transactions related to revenue inventory and sales commission expense and sales commission payable using several information-technology ('IT') systems including its enterprise resource planning ('ERP') system. The accuracy and completeness of the data and reports from the ERP system depended on effective IT general controls ('ITGCs'). The firm identified a significant deficiency in ITGCs related to user access to the ERP system. The firm selected for testing an automated control designed to recognize revenue when goods were shipped based on interfaces between various IT systems. The firm did not directly test this control because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer processed and recorded transactions related to revenue inventory and sales commission expense and sales commission payable using several information-technology ('IT') systems including its enterprise resource planning ('ERP') system. The accuracy and completeness of the data and reports from the ERP system depended on effective IT general controls ('ITGCs'). The firm identified a significant deficiency in ITGCs related to user access to the ERP system. The firm selected for testing an automated control designed to recognize revenue when goods were shipped based on interfaces between various IT systems. The firm did not directly test this control because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 B9 The issuer processed and recorded transactions related to revenue inventory and sales commission expense and sales commission payable using several information-technology ('IT') systems including its enterprise resource planning ('ERP') system. The accuracy and completeness of the data and reports from the ERP system depended on effective IT general controls ('ITGCs'). The firm identified a significant deficiency in ITGCs related to user access to the ERP system. The firm selected for testing an automated control designed to recognize revenue when goods were shipped based on interfaces between various IT systems. The firm did not directly test this control because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer processed and recorded transactions related to revenue inventory and sales commission expense and sales commission payable using several information-technology ('IT') systems including its enterprise resource planning ('ERP') system. The accuracy and completeness of the data and reports from the ERP system depended on effective IT general controls ('ITGCs'). The firm identified a significant deficiency in ITGCs related to user access to the ERP system. The firm selected for testing a control that consisted of the issuer's review of revenue transactions for appropriate cut-off that used data and reports generated and maintained by the ERP system and an inventory management system. The firm's testing of this control was not sufficient because it did not consider the implications of the ineffective ITGCs over the ERP system as discussed above. Further the firm did not identify and test any controls over the accuracy and completeness of the data and reports from the issuer's inventory management system beyond determining that the control owner had reviewed the parameters of the reports generated by this system. (AS 2201.39 and .46) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer processed and recorded transactions related to revenue inventory and sales commission expense and sales commission payable using several information-technology ('IT') systems including its enterprise resource planning ('ERP') system. The accuracy and completeness of the data and reports from the ERP system depended on effective IT general controls ('ITGCs'). The firm identified a significant deficiency in ITGCs related to user access to the ERP system. The firm selected for testing a control that consisted of the issuer's review of revenue transactions for appropriate cut-off that used data and reports generated and maintained by the ERP system and an inventory management system. The firm's testing of this control was not sufficient because it did not consider the implications of the ineffective ITGCs over the ERP system as discussed above. Further the firm did not identify and test any controls over the accuracy and completeness of the data and reports from the issuer's inventory management system beyond determining that the control owner had reviewed the parameters of the reports generated by this system. (AS 2201.39 and .46) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Inventory 3 AS 2201 46 The issuer processed and recorded transactions related to revenue inventory and sales commission expense and sales commission payable using several information-technology ('IT') systems including its enterprise resource planning ('ERP') system. The accuracy and completeness of the data and reports from the ERP system depended on effective IT general controls ('ITGCs'). The firm identified a significant deficiency in ITGCs related to user access to the ERP system. The firm selected for testing various controls over inventory that used data maintained by the ERP system. The firm's testing of these controls was not sufficient because it did not consider the implications of the ineffective ITGCs over this system as discussed above. (AS 2201.46) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Inventory 4 AS 2201 34 The issuer processed and recorded transactions related to revenue inventory and sales commission expense and sales commission payable using several information-technology ('IT') systems including its enterprise resource planning ('ERP') system. The accuracy and completeness of the data and reports from the ERP system depended on effective IT general controls ('ITGCs'). The firm identified a significant deficiency in ITGCs related to user access to the ERP system. The firm selected for testing an automated control that consisted of the recording of inventory upon receipt. The firm did not obtain an understanding of how the system was configured to initiate process and record the receipt of inventory. As a result the firm did not test the configuration of this control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.34 .42 and .44) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Inventory 4 AS 2201 42 The issuer processed and recorded transactions related to revenue inventory and sales commission expense and sales commission payable using several information-technology ('IT') systems including its enterprise resource planning ('ERP') system. The accuracy and completeness of the data and reports from the ERP system depended on effective IT general controls ('ITGCs'). The firm identified a significant deficiency in ITGCs related to user access to the ERP system. The firm selected for testing an automated control that consisted of the recording of inventory upon receipt. The firm did not obtain an understanding of how the system was configured to initiate process and record the receipt of inventory. As a result the firm did not test the configuration of this control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.34 .42 and .44) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Inventory 4 AS 2201 44 The issuer processed and recorded transactions related to revenue inventory and sales commission expense and sales commission payable using several information-technology ('IT') systems including its enterprise resource planning ('ERP') system. The accuracy and completeness of the data and reports from the ERP system depended on effective IT general controls ('ITGCs'). The firm identified a significant deficiency in ITGCs related to user access to the ERP system. The firm selected for testing an automated control that consisted of the recording of inventory upon receipt. The firm did not obtain an understanding of how the system was configured to initiate process and record the receipt of inventory. As a result the firm did not test the configuration of this control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.34 .42 and .44) Annually Inspected 49 RSM US LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Sales Commission Expense and Sales Commission Payable 5 AS 2201 39 The issuer processed and recorded transactions related to revenue inventory and sales commission expense and sales commission payable using several information-technology ('IT') systems including its enterprise resource planning ('ERP') system. The accuracy and completeness of the data and reports from the ERP system depended on effective IT general controls ('ITGCs'). The firm identified a significant deficiency in ITGCs related to user access to the ERP system. The firm selected for testing controls that consisted of the issuer's reviews of sales commission expense sales commission payable related adjustments exceptions and a reconciliation of data between certain systems. The firm did not identify and test any controls over the accuracy and completeness of the commissionable sales volume data that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 30 The issuer used external specialists to (1) determine the fair values of intangible assets acquired in a business combination completed during the year and (2) perform an impairment analysis of certain reporting units including the determination of the fair values of those reporting units. In each instance the estimated fair values were determined using issuer-prepared forecasted cash flows. The firm did not determine the likely sources of potential misstatement related to these forecasted cash flows and did not identify and test any controls that addressed the risks associated with the issuer's development of the forecasted cash flows. (AS 2201.30 and .39) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 30 The issuer used external specialists to (1) determine the fair values of intangible assets acquired in a business combination completed during the year and (2) perform an impairment analysis of certain reporting units including the determination of the fair values of those reporting units. In each instance the estimated fair values were determined using issuer-prepared forecasted cash flows. The firm did not determine the likely sources of potential misstatement related to these forecasted cash flows and did not identify and test any controls that addressed the risks associated with the issuer's development of the forecasted cash flows. (AS 2201.30 and .39) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 39 The issuer used external specialists to (1) determine the fair values of intangible assets acquired in a business combination completed during the year and (2) perform an impairment analysis of certain reporting units including the determination of the fair values of those reporting units. In each instance the estimated fair values were determined using issuer-prepared forecasted cash flows. The firm did not determine the likely sources of potential misstatement related to these forecasted cash flows and did not identify and test any controls that addressed the risks associated with the issuer's development of the forecasted cash flows. (AS 2201.30 and .39) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 39 The issuer used external specialists to (1) determine the fair values of intangible assets acquired in a business combination completed during the year and (2) perform an impairment analysis of certain reporting units including the determination of the fair values of those reporting units. In each instance the estimated fair values were determined using issuer-prepared forecasted cash flows. The firm did not determine the likely sources of potential misstatement related to these forecasted cash flows and did not identify and test any controls that addressed the risks associated with the issuer's development of the forecasted cash flows. (AS 2201.30 and .39) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2201 62 The firm selected for testing a control over the review of the fair value of the acquired intangible assets discussed above and concluded that it was deficient. The firm did not perform sufficient procedures to evaluate the severity of the control deficiency because it did not evaluate the magnitude of the potential misstatement resulting from the deficiency beyond relying on the results of its substantive procedures. (AS 2201.62) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 1210 12 The firm's approach for testing the fair value of acquired intangible assets was to review and test management's process. The firm did not perform any procedures beyond inquiring of management to test the forecasted cash flows after the first forecasted year that were provided to the external specialist to value the acquired intangible assets. (AS 1210.12) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 2201 42 The firm selected for testing a control over the review of the issuer's annual goodwill impairment analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 2201 44 The firm selected for testing a control over the review of the issuer's annual goodwill impairment analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 2201 39 The firm selected for testing a control over the review of the issuer's annual goodwill impairment analysis. The firm did not identify and test any controls over the accuracy and completeness of certain information (other than forecasted cash flows which is discussed above) used in the operation of this control. (AS 2201.39) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 1210 12 The firm's approach for testing the issuer's annual goodwill impairment analysis was to review and test management's process. The firm did not perform any procedures beyond inquiring of management to test the forecasted cash flows after the first forecasted year that were provided to the external specialist to determine the fair value of the reporting units. (AS 1210.12) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 7 AS 1210 12 The firm's approach for testing the issuer's annual goodwill impairment analysis was to review and test management's process. The firm did not test the carrying value of one of the issuer's reporting units. (AS 1210.12) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 8 For revenue recognized from certain customers the firm did not perform procedures to determine whether the transactions selected for testing met the revenue recognition criteria. (AS 2301.08) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 30 During the year the issuer acquired a business and used an external specialist to determine the fair values of the acquired intangible assets. The firm did not determine the likely sources of potential misstatement related to the accounting for the business combination and did not identify and test any controls that addressed the risks associated with the business combination. (AS 2201.30 and .39) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 39 During the year the issuer acquired a business and used an external specialist to determine the fair values of the acquired intangible assets. The firm did not determine the likely sources of potential misstatement related to the accounting for the business combination and did not identify and test any controls that addressed the risks associated with the business combination. (AS 2201.30 and .39) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 1210 12 The firm's approach for testing the fair value of acquired intangible assets was to review and test management's process. The firm did not test the forecasted cash flows and the accuracy and completeness of other data that were provided to the external specialist. (AS 1210.12) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 2502 26 The firm's approach for testing the fair value of acquired intangible assets was to review and test management's process. The firm did not evaluate the reasonableness of the assumptions developed by the issuer or the external specialist. (AS 2502.26 and .28) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 2502 28 The firm's approach for testing the fair value of acquired intangible assets was to review and test management's process. The firm did not evaluate the reasonableness of the assumptions developed by the issuer or the external specialist. (AS 2502.26 and .28) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing a control over the review of assigned loan grades. The loan grades were an important input in estimating the ALL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assigned loan grades. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing a control over the review of assigned loan grades. The loan grades were an important input in estimating the ALL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assigned loan grades. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2315 19 The sample size the firm used in its substantive procedures to test the reasonableness of the assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2315 23 The sample size the firm used in its substantive procedures to test the reasonableness of the assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2315 23A The sample size the firm used in its substantive procedures to test the reasonableness of the assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing a control that consisted of the review of the qualitative component of the general reserve. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing a control that consisted of the review of the qualitative component of the general reserve. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 42 The issuer assigned loan grades to certain of its loans. The loan grades were an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve. The following deficiencies were identified: · The firm selected for testing a control that consisted of the external loan review ('ELR') of assigned loan grades for certain loans. The firm did not evaluate the specific review procedures that the external loan reviewers performed to assess the reasonableness of the assigned loan grades. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 44 The issuer assigned loan grades to certain of its loans. The loan grades were an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve. The following deficiencies were identified: · The firm selected for testing a control that consisted of the external loan review ('ELR') of assigned loan grades for certain loans. The firm did not evaluate the specific review procedures that the external loan reviewers performed to assess the reasonableness of the assigned loan grades. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 The issuer assigned loan grades to certain of its loans. The loan grades were an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review of assigned loan grades for loans not subject to the ELR control discussed above. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 44 The issuer assigned loan grades to certain of its loans. The loan grades were an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review of assigned loan grades for loans not subject to the ELR control discussed above. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 42 The issuer assigned loan grades to certain of its loans. The loan grades were an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review of assigned loan grades for loans not subject to the ELR control discussed above. The firm did not test the aspect of this control that addressed the accuracy and completeness of the reports used in the operation of this control. (AS 2201.42 and 44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 44 The issuer assigned loan grades to certain of its loans. The loan grades were an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review of assigned loan grades for loans not subject to the ELR control discussed above. The firm did not test the aspect of this control that addressed the accuracy and completeness of the reports used in the operation of this control. (AS 2201.42 and 44) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2315 19 The issuer assigned loan grades to certain of its loans. The loan grades were an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the reasonableness of the assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2315 23 The issuer assigned loan grades to certain of its loans. The loan grades were an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the reasonableness of the assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2315 23A The issuer assigned loan grades to certain of its loans. The loan grades were an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the reasonableness of the assigned loan grades was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 42 The issuer recorded the fair values of securities based on the prices it received from an external pricing service. The firm selected for testing a control that consisted of for a judgmental sample of securities the comparison of these prices to prices obtained from another external pricing service. The firm did not evaluate whether the control was designed to address the risks of material misstatement presented by the securities not subject to the control given the selection method applied by the issuer. (AS 2201.42) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2315 19 The sample size the firm used in its substantive procedures to test securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2315 23 The sample size the firm used in its substantive procedures to test securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2315 23A The sample size the firm used in its substantive procedures to test securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 1 AS 1210 12 During the year the issuer acquired a business and used an external specialist to determine the fair values of the acquired intangible assets and property plant and equipment ('PP&E'). The firm's approach for testing the fair value of these acquired assets was to review and test management's process. The firm did not perform any procedures beyond inquiring of management to test the forecasted cash flows that were provided to the external specialist. (AS 1210.12) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2502 26 During the year the issuer acquired a business and used an external specialist to determine the fair values of the acquired intangible assets and property plant and equipment ('PP&E'). The firm's approach for testing the fair value of these acquired assets was to review and test management's process. The firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of the assumptions developed by the external specialist. (AS 2502.26 and .28) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2502 28 During the year the issuer acquired a business and used an external specialist to determine the fair values of the acquired intangible assets and property plant and equipment ('PP&E'). The firm's approach for testing the fair value of these acquired assets was to review and test management's process. The firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of the assumptions developed by the external specialist. (AS 2502.26 and .28) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1210 12 The external specialist determined the fair value of the PP&E using an issuer-prepared asset listing. The firm did not sufficiently test the accuracy and completeness of the listing because it limited its procedures to comparing the asset listing to the PP&E roll-forward schedule and general ledger of the acquired business. (AS 1210.12) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2305 13 The firm's substantive procedures to test certain inventory costs consisted of analytical procedures. The firm did not perform procedures to obtain evidence that the expectations it used would be predictive of the inventory costs as of year end. (AS 2305.13 and .14) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2305 14 The firm's substantive procedures to test certain inventory costs consisted of analytical procedures. The firm did not perform procedures to obtain evidence that the expectations it used would be predictive of the inventory costs as of year end. (AS 2305.13 and .14) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 5 AS 2305 16 The firm's substantive procedures to test certain inventory costs consisted of analytical procedures. The firm did not test or in the alternative test controls over the accuracy and completeness of the data it used to develop its expectations. (AS 2305.16) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Investments 1 AS 2502 26 The firm did not sufficiently evaluate the reasonableness of the assumptions the issuer used to determine the fair value of certain investments because it limited its procedures to comparing the assumptions used at year end to those used in the third quarter and quantifying the effect of the differences. (AS 2502.26 and .28) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Investments 1 AS 2502 28 The firm did not sufficiently evaluate the reasonableness of the assumptions the issuer used to determine the fair value of certain investments because it limited its procedures to comparing the assumptions used at year end to those used in the third quarter and quantifying the effect of the differences. (AS 2502.26 and .28) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Investments 2 AS 1105 27 To address an identified fraud risk the firm selected investments for testing that exceeded a monetary threshold. The firm did not perform any procedures to address the fraud risk in the remaining population of investments. (AS 1105.27; AS 2301.13) Annually Inspected 173 Crowe LLP 2019 United States 2020-12-17T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Investments 2 AS 2301 13 To address an identified fraud risk the firm selected investments for testing that exceeded a monetary threshold. The firm did not perform any procedures to address the fraud risk in the remaining population of investments. (AS 1105.27; AS 2301.13) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2810 30 The firm did not identify that at the time of the audit the issuer's recognition of certain revenue from arrangements with multiple elements that consisted of software license and maintenance deliverables was not in conformity with FASB ASC Subtopic 985-605 Software Revenue Recognition. (AS 2810.30) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the accounting for these arrangements and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 39 The issuer recognized revenue from certain other types of arrangements based on the amount of time incurred to provide professional services and the rates in the agreements with its customers. The firm did not identify and test any controls over the accuracy of the time information that the issuer used to calculate this revenue. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 1105 10 The firm used the issuer's time information in its substantive testing of this revenue. The firm did not test or (as discussed above) test controls over the accuracy of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 1 AS 2201 42 The issuer designed its cycle-count procedures at one of its locations to exclude a portion of the inventory from the cycle counts. In evaluating the design of this control the firm did not assess the effect of the issuer excluding this portion of inventory on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) In connection with our review the issuer reevaluated its control over this inventory and concluded that a material weakness existed that had not been previously identified. The issuer disclosed the material weakness in a subsequent filing and noted that the material weakness existed as of the date covered by the firm's audit that was subject to our review. Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 2 AS 2510 11 Due to the deficiency discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2201 42 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The firm selected for testing a control over this revenue that consisted of the review of an analysis of estimated gross margin by contract. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2201 44 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The firm selected for testing a control over this revenue that consisted of the review of an analysis of estimated gross margin by contract. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 2201 42 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The firm selected for testing a control over this revenue that consisted of the review of an analysis of estimated gross margin by contract. The firm did not test the aspect of this control related to the control owner's assessment of whether the costs incurred to date included in the analysis were accurate complete and allowable under the contracts. (AS 2201.42 and. 44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 2201 44 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The firm selected for testing a control over this revenue that consisted of the review of an analysis of estimated gross margin by contract. The firm did not test the aspect of this control related to the control owner's assessment of whether the costs incurred to date included in the analysis were accurate complete and allowable under the contracts. (AS 2201.42 and. 44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 5 AS 2501 7 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the estimated costs to complete open contracts. (AS 2501.07) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 6 AS 2301 8 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the completeness of the costs incurred to date and whether the costs incurred were allowable under the contracts. (AS 2301.08) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 7 AS 2301 16 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test certain contracts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 7 AS 2301 18 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test certain contracts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 7 AS 2301 37 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test certain contracts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 7 AS 2315 19 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test certain contracts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 7 AS 2315 23 The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test certain contracts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 7 AS 2315 23A The issuer recognized certain revenue from contracts using the percentage-of-completion method. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test certain contracts were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 8 AS 2201 39 The issuer recognized certain other revenue from contracts based on costs incurred. The following deficiencies were identified: · The firm did not identify and test any controls over the costs incurred to date for these contracts including whether these costs were allowable under the contracts. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 9 AS 2301 8 The issuer recognized certain other revenue from contracts based on costs incurred. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the completeness of the costs incurred to date and whether the costs incurred were allowable under the contracts. (AS 2301.08) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 1 AS 2201 39 During the year the issuer acquired a business. The firm did not identify and test controls that addressed the valuation of certain assets acquired and liabilities assumed. (AS 2201.39) In connection with our review the issuer reevaluated its controls over the valuation of these assets acquired and liabilities assumed and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 2 AS 1105 10 The firm did not test or in the alternative test any controls over the completeness of a system-generated report that it used to make its selections to test the operating effectiveness of a control over the allocation of acquisition-related costs. (AS 1105.10) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 3 AS 2502 26 The firm did not perform any substantive procedures to assess the reasonableness of management's assertion that the book value of the acquired property plant and equipment approximated its fair value. (AS 2502.26 and .28) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 3 AS 2502 28 The firm did not perform any substantive procedures to assess the reasonableness of management's assertion that the book value of the acquired property plant and equipment approximated its fair value. (AS 2502.26 and .28) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer recognized revenue from certain contracts that provided for the reimbursement of (1) employee-related costs which the issuer calculated using the time incurred by its employees to perform certain services under these contracts and (2) other expenses incurred by the issuer. The following deficiencies were identified: · The firm selected for testing a control that included a review of the employee-related costs and other expenses. The firm did not evaluate the specific review procedures the control owners performed to assess (1) the appropriateness of the time used to calculate the employee-related costs and (2) whether the other expenses were reimbursable under these contracts. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer recognized revenue from certain contracts that provided for the reimbursement of (1) employee-related costs which the issuer calculated using the time incurred by its employees to perform certain services under these contracts and (2) other expenses incurred by the issuer. The following deficiencies were identified: · The firm selected for testing a control that included a review of the employee-related costs and other expenses. The firm did not evaluate the specific review procedures the control owners performed to assess (1) the appropriateness of the time used to calculate the employee-related costs and (2) whether the other expenses were reimbursable under these contracts. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer recognized revenue from certain contracts that provided for the reimbursement of (1) employee-related costs which the issuer calculated using the time incurred by its employees to perform certain services under these contracts and (2) other expenses incurred by the issuer. The following deficiencies were identified: · The firm selected for testing a control that included a review of the employee-related costs and other expenses. The firm did not identify and test any controls over the accuracy and completeness of the time and expense information that the control owners used in the performance of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The issuer recognized revenue from certain contracts that provided for the reimbursement of (1) employee-related costs which the issuer calculated using the time incurred by its employees to perform certain services under these contracts and (2) other expenses incurred by the issuer. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the amounts recorded as revenue were reimbursable under these contracts. (AS 2301.08) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The issuer recognized revenue from certain contracts that provided for the reimbursement of (1) employee-related costs which the issuer calculated using the time incurred by its employees to perform certain services under these contracts and (2) other expenses incurred by the issuer. The following deficiencies were identified: · The firm used the issuer's time information in its substantive testing of this revenue. The firm did not test or (as discussed above) test controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Research and development Expenses 5 AS 2201 68 The firm identified a significant deficiency related to the absence of controls over the completeness of purchase order information that the issuer used to calculate accrued expenses. The firm identified and tested one of the controls discussed below to address this significant deficiency. The firm did not identify that this control was not designed to address the completeness of the purchase order information. (AS 2201.68) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Research and development Expenses 6 AS 2201 42 The firm selected for testing controls over one type of research and development expenses that consisted of reviews of the calculation of accrued expenses. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Research and development Expenses 6 AS 2201 44 The firm selected for testing controls over one type of research and development expenses that consisted of reviews of the calculation of accrued expenses. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Research and development Expenses 7 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this type of research and development expenses were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Research and development Expenses 7 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this type of research and development expenses were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Research and development Expenses 7 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this type of research and development expenses were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Research and development Expenses 7 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this type of research and development expenses were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Research and development Expenses 7 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this type of research and development expenses were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Research and development Expenses 7 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this type of research and development expenses were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 8 AS 2201 39 The firm selected for testing a control over payroll expenses but did not identify and test any controls over the completeness and in some instances the accuracy of certain payroll information that the issuer used in the performance of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 48 For one business unit the firm selected for testing a control that consisted of the comparison of the invoice price for the sale of a product to the issuer's supporting documentation of the approved price for that product. The firm identified exceptions in the operation of this control and concluded without evaluating the effect of these exceptions on the operating effectiveness of the control that these exceptions did not result in a control deficiency. (AS 2201.48) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 For the other business unit the firm did not identify and test any controls that addressed whether customer orders were processed using approved prices. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 For each of these business units the firm selected for testing a control that consisted of reviews of manual journal entries related to revenue. The firm did not test the operating effectiveness of these controls beyond inspecting documents that included signatures or other notations that indicated reviews performed as part of the controls had occurred. (AS 2201.44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 48 The firm selected for testing certain controls over the existence of this inventory. The firm identified exceptions in the operation of these controls and concluded without evaluating the effect of these exceptions on the operating effectiveness of the controls that these exceptions did not result in a control deficiency. (AS 2201.48) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2101 11 The issuer entered into contracts with customers at certain of its locations that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. The firm excluded from the scope of its audits a large number of these locations. The firm did not (1) evaluate whether the risks of material misstatement the firm identified related to revenue recognized over time for the in-scope locations also applied to the excluded locations and (2) consider whether specific risks of material misstatement related to the issuer's use of centralized service centers to determine the amount of revenue to be recognized over time existed at the excluded locations. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2101 12 The issuer entered into contracts with customers at certain of its locations that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. The firm excluded from the scope of its audits a large number of these locations. The firm did not (1) evaluate whether the risks of material misstatement the firm identified related to revenue recognized over time for the in-scope locations also applied to the excluded locations and (2) consider whether specific risks of material misstatement related to the issuer's use of centralized service centers to determine the amount of revenue to be recognized over time existed at the excluded locations. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 B10 The issuer entered into contracts with customers at certain of its locations that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. The firm excluded from the scope of its audits a large number of these locations. The firm did not (1) evaluate whether the risks of material misstatement the firm identified related to revenue recognized over time for the in-scope locations also applied to the excluded locations and (2) consider whether specific risks of material misstatement related to the issuer's use of centralized service centers to determine the amount of revenue to be recognized over time existed at the excluded locations. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer entered into contracts with customers at certain of its locations that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. For two locations the firm selected for testing controls that included the review of the estimated costs to complete. The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of the estimated costs to complete. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer entered into contracts with customers at certain of its locations that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. For two locations the firm selected for testing controls that included the review of the estimated costs to complete. The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of the estimated costs to complete. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2501 7 The issuer entered into contracts with customers at certain of its locations that required revenue to be recognized over time based on costs incurred to date relative to total estimated costs to complete these contracts. For the two locations discussed above the firm did not evaluate the reasonableness of the estimated costs to complete for contracts open at year end beyond (1) comparing in the aggregate for all contracts estimated costs to complete at year end to the estimated costs at the subsequent month end and (2) comparing the gross margin for certain contracts completed during the year to the initial estimated margin for these contracts. (AS 2501.07) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm identified a fraud risk related to the potential for management to use manual journal entries to override controls at certain of the issuer's locations. For some of these locations the firm did not perform journal-entry testing to address the risk. (AS 2401.58) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 39 For loans that the issuer assessed collectively for impairment the issuer estimated the ALL using a model that included various loan data as inputs into the model. The issuer's independent loan review group identified numerous discrepancies in the loan data subject to its review during the year and reported these discrepancies to the issuer's ALL committee. The firm did not identify and test any controls that addressed the issuer's evaluation and resolution of these discrepancies. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test the accuracy of the loan data input into the model was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test the accuracy of the loan data input into the model was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test the accuracy of the loan data input into the model was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test the accuracy of the loan data input into the model was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test the accuracy of the loan data input into the model was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test the accuracy of the loan data input into the model was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 3 AS 2201 42 The issuer placed items in deposit clearing or suspense accounts when the items required further evaluation. The firm selected for testing controls that included reviews of daily reconciliations of the issuer's deposit clearing and suspense accounts. The firm did not evaluate the specific review procedures that the control owners performed to understand the nature of reconciling items and assess whether items that had been cleared from those accounts had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 3 AS 2201 44 The issuer placed items in deposit clearing or suspense accounts when the items required further evaluation. The firm selected for testing controls that included reviews of daily reconciliations of the issuer's deposit clearing and suspense accounts. The firm did not evaluate the specific review procedures that the control owners performed to understand the nature of reconciling items and assess whether items that had been cleared from those accounts had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 4 AS 2301 8 To substantively test deposit liabilities the firm tested certain deposit clearing and suspense account reconciliations. The firm did not test the reconciling items and whether items that had been cleared from those accounts had been appropriately resolved. (AS 2301.08) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 5 AS 2201 42 During the year the issuer acquired multiple businesses including commercial loan portfolios that consisted of various subtypes. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review of the external valuation reports that the issuer used to determine the fair value of the loans acquired in these business combinations. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the prepayment rate assumptions that the external valuation specialist used to estimate the fair value of the acquired commercial loans. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 5 AS 2201 44 During the year the issuer acquired multiple businesses including commercial loan portfolios that consisted of various subtypes. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review of the external valuation reports that the issuer used to determine the fair value of the loans acquired in these business combinations. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the prepayment rate assumptions that the external valuation specialist used to estimate the fair value of the acquired commercial loans. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 6 AS 2502 26 During the year the issuer acquired multiple businesses including commercial loan portfolios that consisted of various subtypes. The following deficiencies were identified: · To substantively test the acquired commercial loans the firm selected certain loans and for each loan selected evaluated the reasonableness of the prepayment rate the loss given default and the annual loss rate assumptions used to estimate the fair value of these loans by comparing these assumptions to market-based ranges for commercial loans. The firm did not perform procedures to obtain evidence that this market information was precise enough to enable the firm to identify potential material misstatements in the valuation of the various subtypes of the acquired commercial loans. (AS 2502.26 .28 and .31) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 6 AS 2502 28 During the year the issuer acquired multiple businesses including commercial loan portfolios that consisted of various subtypes. The following deficiencies were identified: · To substantively test the acquired commercial loans the firm selected certain loans and for each loan selected evaluated the reasonableness of the prepayment rate the loss given default and the annual loss rate assumptions used to estimate the fair value of these loans by comparing these assumptions to market-based ranges for commercial loans. The firm did not perform procedures to obtain evidence that this market information was precise enough to enable the firm to identify potential material misstatements in the valuation of the various subtypes of the acquired commercial loans. (AS 2502.26 .28 and .31) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 6 AS 2502 31 During the year the issuer acquired multiple businesses including commercial loan portfolios that consisted of various subtypes. The following deficiencies were identified: · To substantively test the acquired commercial loans the firm selected certain loans and for each loan selected evaluated the reasonableness of the prepayment rate the loss given default and the annual loss rate assumptions used to estimate the fair value of these loans by comparing these assumptions to market-based ranges for commercial loans. The firm did not perform procedures to obtain evidence that this market information was precise enough to enable the firm to identify potential material misstatements in the valuation of the various subtypes of the acquired commercial loans. (AS 2502.26 .28 and .31) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2315 16 During the year the issuer acquired multiple businesses including commercial loan portfolios that consisted of various subtypes. The following deficiencies were identified: · In determining its sample sizes used to test the acquired commercial loans the firm did not take into account tolerable misstatement. As a result the samples that the firm used to test the valuation of these loans were too small to provide sufficient appropriate evidence. (AS 2315.16 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2315 23 During the year the issuer acquired multiple businesses including commercial loan portfolios that consisted of various subtypes. The following deficiencies were identified: · In determining its sample sizes used to test the acquired commercial loans the firm did not take into account tolerable misstatement. As a result the samples that the firm used to test the valuation of these loans were too small to provide sufficient appropriate evidence. (AS 2315.16 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2315 23A During the year the issuer acquired multiple businesses including commercial loan portfolios that consisted of various subtypes. The following deficiencies were identified: · In determining its sample sizes used to test the acquired commercial loans the firm did not take into account tolerable misstatement. As a result the samples that the firm used to test the valuation of these loans were too small to provide sufficient appropriate evidence. (AS 2315.16 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The firm did not identify and test any controls that addressed the accuracy of the prices and quantities that were used to record revenue at two of the issuer's business units. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls that addressed the accuracy of the prices and quantities that were used to record revenue at two of the issuer's business units. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable at these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2201 42 The issuer determined the recorded fair value of its derivatives based on valuations provided by an external valuation specialist. The firm selected for testing a control that consisted of the review of the valuation report prepared by the external valuation specialist including underlying inputs and assumptions. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2201 44 The issuer determined the recorded fair value of its derivatives based on valuations provided by an external valuation specialist. The firm selected for testing a control that consisted of the review of the valuation report prepared by the external valuation specialist including underlying inputs and assumptions. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 4 AS 2201 39 The issuer determined the recorded fair value of its derivatives based on valuations provided by an external valuation specialist. The firm selected for testing a control that consisted of the review of the valuation report prepared by the external valuation specialist including underlying inputs and assumptions. The firm did not identify and test any controls over the accuracy and completeness of the information that was used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the appropriateness of the accounting treatment for a convertible debt transaction and related derivatives that the issuer entered into during the year. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the appropriateness of the accounting treatment for a convertible debt transaction and related derivatives that the issuer entered into during the year. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 Revenue for certain of the issuer's sales transactions was processed by one of the issuer's information-technology ('IT') systems. This system automatically assigned predefined codes to each transaction based on the customer and type of service being provided. These codes were used by the issuer's billing system to record the related revenue. The firm did not identify and test any controls that addressed whether these codes were appropriately assigned by the IT system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of certain sales transactions that were manually entered into the IT system for processing. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 For certain of the issuer's operations the firm selected for testing a control that consisted of the review of monthly comparisons of actual revenue by distribution channel and by product category to budgeted amounts. In testing the operating effectiveness of this control the firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 39 A portion of the issuer's loans had payment terms that allowed borrowers to make interest-only payments for a fixed period with the repayment of the outstanding principal balance due at a later date. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the timely identification and evaluation of any indicators of deterioration in a borrower's ability to repay the principal associated with these loans. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2301 8 A portion of the issuer's loans had payment terms that allowed borrowers to make interest-only payments for a fixed period with the repayment of the outstanding principal balance due at a later date. The following deficiencies were identified: · The firm did not perform procedures to evaluate whether any impairment indicators existed for these loans beyond testing the collateral valuation for one loan. (AS 2301.08) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The issuer recorded the fair values of available-for-sale ('AFS') securities based on the prices it obtained from external pricing services. The firm selected for testing a control that consisted of meetings that the issuer held with the external pricing services to assess the appropriateness of the methods and assumptions used by the external pricing services to price those securities. The firm did not evaluate the specific procedures that the control owner performed to obtain an understanding of the methods and assumptions underlying the prices obtained from the pricing services. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The issuer recorded the fair values of available-for-sale ('AFS') securities based on the prices it obtained from external pricing services. The firm selected for testing a control that consisted of meetings that the issuer held with the external pricing services to assess the appropriateness of the methods and assumptions used by the external pricing services to price those securities. The firm did not evaluate the specific procedures that the control owner performed to obtain an understanding of the methods and assumptions underlying the prices obtained from the pricing services. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 42 The firm selected for testing a control that consisted of the review of the categorization of AFS securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not evaluate the specific procedures that the control owner performed to assess the appropriateness of the categorization within the fair value hierarchy. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 44 The firm selected for testing a control that consisted of the review of the categorization of AFS securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not evaluate the specific procedures that the control owner performed to assess the appropriateness of the categorization within the fair value hierarchy. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2502 40 The firm's approach for testing the valuation of certain AFS securities was to develop an independent estimate of the fair values for a sample of these AFS securities using prices the firm obtained from various other external pricing services. For purposes of evaluating the reasonableness of the differences between its independent estimates and the issuer's estimates the firm did not obtain an understanding of the assumptions used by the issuer's external pricing services for the individual securities selected for testing. (AS 2502.40) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer held investment securities that it classified based on original maturity as either cash equivalents or short-term investments in its financial statements. The firm did not identify and test any controls that addressed the appropriateness of the classification of these investments. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2301 8 The firm did not perform any substantive procedures that addressed the appropriateness of the classification of these investments. (AS 2301.08) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 3 AS 2201 39 The firm did not identify and test any controls over the quantitative impairment analysis that the issuer performed over certain finite-lived intangible assets. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A N Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether this revenue was appropriately recognized based on the contractual terms and conditions. (AS 2301.08) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A N Yes Both financial statement and ICFR audits Audits with multiple deficiencies Post-Retirement Benefit Obligations 2 AS 2201 42 The firm selected for testing a control that consisted of the review of the assumptions used to estimate post-retirement benefit obligations. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A N Yes Both financial statement and ICFR audits Audits with multiple deficiencies Post-Retirement Benefit Obligations 2 AS 2201 44 The firm selected for testing a control that consisted of the review of the assumptions used to estimate post-retirement benefit obligations. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 39 During the year the issuer acquired a portfolio of loans and leases and accounted for the transaction as a business combination. The firm did not identify and test any controls over the valuation of the loans and leases acquired in this business combination. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 15 The firm did not perform any substantive procedures to test the valuation of the loans and leases acquired in this business combination. (AS 2502.15) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 42 The firm selected for testing a control that consisted of the review of the price curves that the issuer used to determine the value of commodity derivatives. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 44 The firm selected for testing a control that consisted of the review of the price curves that the issuer used to determine the value of commodity derivatives. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 2 AS 2201 39 The firm did not identify and test any controls that addressed the reasonableness of a significant assumption that the issuer used to value commodity derivatives for which monthly price quotes were not available. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2502 26 The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumption discussed above. (AS 2502.26 and .28) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2502 28 The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumption discussed above. (AS 2502.26 and .28) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 4 AS 2201 39 The issuer's determination of whether to present gains and losses on derivative trades on a gross or net basis in the issuer's income statement was dependent on how the derivative trades were designated in the issuer's derivatives system. The firm did not identify and test any controls that addressed whether derivative trades had been appropriately designated in the system by the issuer's traders. (AS 2201.39) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test the presentation and disclosure of derivative trades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test the presentation and disclosure of derivative trades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test the presentation and disclosure of derivative trades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test the presentation and disclosure of derivative trades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test the presentation and disclosure of derivative trades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test the presentation and disclosure of derivative trades were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2019 United States KPMG International Cooperative 2020-12-17T00:00:00 Part I.A Q No ICFR audit only Audits with a single deficiency Long-Lived Assets 1 AS 2201 39 The issuer had determined during the first and second quarters that one of its properties was not impaired based on the results of analyses that it had performed in those quarters to determine whether the carrying value of the property was recoverable. The firm did not identify and test any controls over these analyses. (AS 2201.39) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 For one category of revenue the firm selected for testing an automated application control over the generation of customer invoices and recording of revenue. The firm did not test the configuration of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the automated control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 For one category of revenue the firm selected for testing an automated application control over the generation of customer invoices and recording of revenue. The firm did not test the configuration of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the automated control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing another control that consisted of the issuer's review of a monthly report and the resulting journal entries that were recorded to adjust revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing another control that consisted of the issuer's review of a monthly report and the resulting journal entries that were recorded to adjust revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The firm selected for testing another control that consisted of the issuer's review of a monthly report and the resulting journal entries that were recorded to adjust revenue. The firm did not identify and test any controls over the accuracy and completeness of the report used in the operation of this control. (AS 2201.39) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 For another category of revenue the firm selected for testing two controls that consisted of the issuer's reviews of the source documents and transaction reports that were used to record revenue. The firm did not evaluate the specific review procedures that the control owners performed to determine whether the amount to be recorded as revenue was appropriate. (AS 2201.42 and .44) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 For another category of revenue the firm selected for testing two controls that consisted of the issuer's reviews of the source documents and transaction reports that were used to record revenue. The firm did not evaluate the specific review procedures that the control owners performed to determine whether the amount to be recorded as revenue was appropriate. (AS 2201.42 and .44) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 5 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the assumptions used to estimate the fair value of certain acquired intangible assets for reasonableness. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 5 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the assumptions used to estimate the fair value of certain acquired intangible assets for reasonableness. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 6 AS 2502 26 The firm's approach for substantively testing these assets was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of certain assumptions that the issuer used to value these assets because its procedures were limited to inquiring of management and performing a sensitivity analysis to determine whether changes to the assumptions would result in differences in excess of the firm's established materiality. (AS 2502.26 and .28) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 6 AS 2502 28 The firm's approach for substantively testing these assets was to review and test management's process. The firm did not sufficiently evaluate the reasonableness of certain assumptions that the issuer used to value these assets because its procedures were limited to inquiring of management and performing a sensitivity analysis to determine whether changes to the assumptions would result in differences in excess of the firm's established materiality. (AS 2502.26 and .28) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 7 AS 2502 26 The firm's approach for substantively testing these assets was to review and test management's process. The firm did not perform any substantive procedures to test another assumption. (AS 2502.26 and .28) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 7 AS 2502 28 The firm's approach for substantively testing these assets was to review and test management's process. The firm did not perform any substantive procedures to test another assumption. (AS 2502.26 and .28) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The issuer entered into a sales agreement with a new customer that contained various terms and conditions that afforded the issuer and the customer certain rights and obligations. The firm did not perform procedures to evaluate whether revenue from this sales agreement was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers beyond reading the issuer's revenue recognition memo the sales agreement and the bill of sale. (AS 2810.30) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 2 AS 2810 30 The issuer amended its convertible debt agreements. The following audit deficiencies were identified: · The firm did not evaluate the amendments to the convertible debt agreements to determine whether the issuer's accounting was in conformity with FASB ASC Subtopic 470-60 Troubled Debt Restructurings by Debtors. (AS 2810.30) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 3 AS 2810 30 The issuer amended its convertible debt agreements. The following audit deficiencies were identified: · The firm did not identify and evaluate the significance of the issuer's omission of a required disclosure under FASB ASC Subtopic 470-60 regarding its accounting for the amendments as a troubled debt restructuring. (AS 2810.30 and .31) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 3 AS 2810 31 The issuer amended its convertible debt agreements. The following audit deficiencies were identified: · The firm did not identify and evaluate the significance of the issuer's omission of a required disclosure under FASB ASC Subtopic 470-60 regarding its accounting for the amendments as a troubled debt restructuring. (AS 2810.30 and .31) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Debt 4 AS 2810 30 The firm also identified an error related to the debt discount balance affecting the prior year that the issuer corrected in the current year. The firm did not evaluate whether this correction was in conformity with FASB ASC Topic 250 Accounting Changes and Error Corrections. (AS 2810.30) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Derivatives 5 AS 2502 26 The firm's approach for substantively testing the fair value of the derivative liability was to review and test management's process. The firm did not perform any procedures beyond inquiring of management to evaluate whether the model the issuer used to estimate the fair value of the derivative liability was appropriate. (AS 2502.26) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1210 12 During the year the issuer acquired a business and used an external specialist to estimate the fair value of certain of the acquired intangible assets. The firm's approach for substantively testing the fair value of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the revenue growth rate assumptions the issuer provided to the external specialist that the specialist used to estimate the fair value of the acquired intangible assets because it limited its procedures to inquiring of management and comparing the growth rates to historical revenue growth information of another company without performing procedures to evaluate whether that company's historical results would be representative of the future revenue growth rates of the acquired business. Further the firm did not evaluate contradictory evidence the specialist included in the valuation report that indicated that the expected revenue growth rate for the issuer's industry was significantly lower than the expected growth rates for the acquired business. (AS 1210.12; AS 2810.03) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2810 3 During the year the issuer acquired a business and used an external specialist to estimate the fair value of certain of the acquired intangible assets. The firm's approach for substantively testing the fair value of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the revenue growth rate assumptions the issuer provided to the external specialist that the specialist used to estimate the fair value of the acquired intangible assets because it limited its procedures to inquiring of management and comparing the growth rates to historical revenue growth information of another company without performing procedures to evaluate whether that company's historical results would be representative of the future revenue growth rates of the acquired business. Further the firm did not evaluate contradictory evidence the specialist included in the valuation report that indicated that the expected revenue growth rate for the issuer's industry was significantly lower than the expected growth rates for the acquired business. (AS 1210.12; AS 2810.03) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 26 During the year the issuer acquired a business and used an external specialist to estimate the fair value of certain of the acquired intangible assets. The firm's approach for substantively testing the fair value of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the discount rate developed and used by the external specialist to estimate the fair value of the acquired intangible assets because it limited its procedures to inquiring of the specialist regarding data used in determining the discount rate and comparing certain of those data to data for other companies without performing procedures to evaluate whether the data for those companies would be representative of the data for the issuer. (AS 2502.26 and .28) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 28 During the year the issuer acquired a business and used an external specialist to estimate the fair value of certain of the acquired intangible assets. The firm's approach for substantively testing the fair value of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the discount rate developed and used by the external specialist to estimate the fair value of the acquired intangible assets because it limited its procedures to inquiring of the specialist regarding data used in determining the discount rate and comparing certain of those data to data for other companies without performing procedures to evaluate whether the data for those companies would be representative of the data for the issuer. (AS 2502.26 and .28) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2810 30 During the year the issuer acquired a business and used an external specialist to estimate the fair value of certain of the acquired intangible assets. The firm's approach for substantively testing the fair value of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · The firm did not identify and evaluate the significance of the issuer's omission of a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2810 31 During the year the issuer acquired a business and used an external specialist to estimate the fair value of certain of the acquired intangible assets. The firm's approach for substantively testing the fair value of the acquired intangible assets was to review and test management's process. The following deficiencies were identified: · The firm did not identify and evaluate the significance of the issuer's omission of a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 206 MaloneBailey, LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Income Taxes 1 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's income tax provision deferred income tax accounts income tax accruals and related disclosures. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 1 AS 2201 39 The issuer held certain inventory at numerous warehouses that were subject to cycle counts. The issuer's cycle-count program required this inventory to be counted at specific frequencies during the year. The following deficiencies were identified: The firm did not identify and test any controls that addressed whether all locations in each of these warehouses were counted during the year and whether each location was counted with sufficient frequency in accordance with the issuer's cycle-count program. (AS 2201.39) In addition the firm did not identify and test any controls over the accuracy and completeness of the system-generated reports the issuer used in the operation of its cycle-count controls. (AS 2201.39). In connection with our review the issuer reevaluated its controls over its inventory cycle-count program and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the material weakness discussed below and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 2 AS 2201 39 The issuer held certain inventory at numerous warehouses that were subject to cycle counts. The issuer's cycle-count program required this inventory to be counted at specific frequencies during the year. The following deficiencies were identified: In addition the firm did not identify and test any controls over the accuracy and completeness of the system-generated reports the issuer used in the operation of its cycle-count controls. (AS 2201.39). In connection with our review the issuer reevaluated its controls over its inventory cycle-count program and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the material weakness discussed below and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 4 AS 2201 39 The issuer used an information-technology ('IT') application to calculate its reserve for excess and obsolete ('E&O') inventory and then made manual adjustments to this calculation to determine the reserve. The following deficiencies were identified: The firm did not identify and test any controls over the application's calculation of the E&O reserve. (AS 2201.39). Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 5 AS 2201 42 The firm selected for testing controls that included the issuer's reviews of the assumptions that were entered into the application and the manual adjustments that the issuer made to the calculation. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify matters for follow up and the procedures to determine whether those matters were appropriately resolved. (AS 2201.42 and .44). In connection with our review the issuer reevaluated its controls over its E&O inventory reserve and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the material weakness discussed above and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 5 AS 2201 44 The firm selected for testing controls that included the issuer's reviews of the assumptions that were entered into the application and the manual adjustments that the issuer made to the calculation. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify matters for follow up and the procedures to determine whether those matters were appropriately resolved. (AS 2201.42 and .44). In connection with our review the issuer reevaluated its controls over its E&O inventory reserve and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the material weakness discussed above and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test the issuer's E&O reserve were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test the issuer's E&O reserve were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test the issuer's E&O reserve were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test the issuer's E&O reserve were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test the issuer's E&O reserve were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test the issuer's E&O reserve were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 7 AS 2501 11 The firm's approach for substantively testing the E&O reserve was to review and test management's process. The firm did not perform any procedures to evaluate the reasonableness of the forecasted product demand assumptions that were used to calculate the E&O reserve. (AS 2501.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Investment Securities 1 AS 2201 42 The issuer recorded the fair values of its available-for-sale securities based on prices it obtained from an external pricing service. The firm selected for testing controls that consisted of the issuer's (1) comparison of these prices to prices obtained from other external pricing services and investigation of price variances that exceeded certain thresholds and (2) review of the categorization of the securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not evaluate the specific review procedures that the control owners performed to evaluate (1) whether the fair values of the securities identified for investigation were reasonable and (2) the pricing inputs used to determine the categorization of the securities within the fair value hierarchy. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Investment Securities 1 AS 2201 44 The issuer recorded the fair values of its available-for-sale securities based on prices it obtained from an external pricing service. The firm selected for testing controls that consisted of the issuer's (1) comparison of these prices to prices obtained from other external pricing services and investigation of price variances that exceeded certain thresholds and (2) review of the categorization of the securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not evaluate the specific review procedures that the control owners performed to evaluate (1) whether the fair values of the securities identified for investigation were reasonable and (2) the pricing inputs used to determine the categorization of the securities within the fair value hierarchy. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Investment Securities 2 AS 2201 42 The issuer recorded the fair values of its available-for-sale securities based on prices it obtained from an external pricing service. The firm selected for testing controls that consisted of the issuer's (1) comparison of these prices to prices obtained from other external pricing services and investigation of price variances that exceeded certain thresholds and (2) review of the categorization of the securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not test the aspect of one of these controls that addressed whether all of the issuer's securities were subject to this comparison. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Investment Securities 2 AS 2201 44 The issuer recorded the fair values of its available-for-sale securities based on prices it obtained from an external pricing service. The firm selected for testing controls that consisted of the issuer's (1) comparison of these prices to prices obtained from other external pricing services and investigation of price variances that exceeded certain thresholds and (2) review of the categorization of the securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not test the aspect of one of these controls that addressed whether all of the issuer's securities were subject to this comparison. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Allowance for Loan Losses 3 AS 2201 39 The firm selected for testing a control that consisted of a review of past-due loans performed by the issuer to determine whether these loans would be individually or collectively evaluated for impairment. The firm did not identify and test any controls over the accuracy and completeness of a report that was used in the operation of this control. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Allowance for Loan Losses 4 AS 2201 42 To determine the qualitative reserve component of the ALL for loans that were collectively evaluated for impairment the issuer assigned a loss factor to each loan based on certain qualitative considerations. The following deficiencies were identified: · The firm selected for testing controls that included the issuer's reviews of the qualitative reserve component of the ALL and the corresponding loss factors. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the loss factors assigned to each loan were appropriate. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over the ALL and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the material weakness discussed below and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Allowance for Loan Losses 4 AS 2201 44 To determine the qualitative reserve component of the ALL for loans that were collectively evaluated for impairment the issuer assigned a loss factor to each loan based on certain qualitative considerations. The following deficiencies were identified: · The firm selected for testing controls that included the issuer's reviews of the qualitative reserve component of the ALL and the corresponding loss factors. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the loss factors assigned to each loan were appropriate. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over the ALL and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the material weakness discussed below and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Allowance for Loan Losses 5 AS 2501 11 To determine the qualitative reserve component of the ALL for loans that were collectively evaluated for impairment the issuer assigned a loss factor to each loan based on certain qualitative considerations. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the loss factors beyond comparing the factors to those used in the prior year inquiring of management about changes to those factors and the effects on the ALL and recalculating the qualitative reserve component by loan type. (AS 2501.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deposit Liabilities 6 AS 2201 62 The issuer identified a control deficiency related to unauthorized access to customer accounts that resulted in two fraudulent wire-transfer requests that occurred at one of its locations. The firm did not sufficiently evaluate the severity of the control deficiency because it limited its evaluation of the magnitude of the potential misstatement to one of the fraudulent wire-transfer requests at the affected location without considering the issuer's other locations that were subject to the same controls. (AS 2201.62) In connection with our review the issuer evaluated its controls over wire transfers and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the material weakness discussed above and the firm modified its report on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deposit Liabilities 7 AS 2201 68 In response to this control deficiency the issuer made changes to the design of one of its wire-transfer controls. The firm did not perform any procedures to evaluate the changes made to the design of this control. (AS 2201.68) In connection with our review the issuer evaluated its controls over wire transfers and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the material weakness discussed above and the firm modified its report on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 68 The firm identified control deficiencies in the issuer's sales process related to segregation of duties conflicts and individuals having inappropriate access to the issuer's revenue system that provided these users with the ability to create and modify customer accounts enter sales orders and record adjustments to accounts receivable. The firm identified and tested various compensating controls including controls that the issuer implemented in response to these control deficiencies. The following audit deficiencies were identified: For the compensating controls the firm did not evaluate the implications of certain control owners having segregation of duties conflicts and/or inappropriate access to the revenue system. (AS 2201.68). Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 68 The firm identified control deficiencies in the issuer's sales process related to segregation of duties conflicts and individuals having inappropriate access to the issuer's revenue system that provided these users with the ability to create and modify customer accounts enter sales orders and record adjustments to accounts receivable. The firm identified and tested various compensating controls including controls that the issuer implemented in response to these control deficiencies. The following audit deficiencies were identified: · One of the controls that the issuer implemented consisted of the review of a report of all users who created or modified sales orders during the year. In testing this control the firm did not evaluate the specific review procedures that the control owners performed to identify users with inappropriate access and assess whether the sales orders these users created or modified were appropriate. (AS 2201.68) In connection with our review the issuer reevaluated its controls over segregation of duties and access to the revenue system and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect these material weaknesses and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2201 68 The firm identified control deficiencies in the issuer's sales process related to segregation of duties conflicts and individuals having inappropriate access to the issuer's revenue system that provided these users with the ability to create and modify customer accounts enter sales orders and record adjustments to accounts receivable. The firm identified and tested various compensating controls including controls that the issuer implemented in response to these control deficiencies. The following audit deficiencies were identified: · One of the controls that the issuer implemented consisted of the review of a report of all users who created or modified sales orders during the year. The firm did not identify and test any controls over the accuracy and completeness of the report used in the operation of this control. (AS 2201.68) In connection with our review the issuer reevaluated its controls over segregation of duties and access to the revenue system and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect these material weaknesses and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Stock Compensation. 1 AS 2810 30 During the audit the firm did not identify that the issuer's recognition of compensation expense associated with certain equity awards that contained both service and performance conditions was not in conformity with FASB ASC Subtopic 718-10 Compensation - Stock Compensation - Overall. (AS 2810.30) In connection with our review the issuer reevaluated its accounting for compensation expense related to these equity awards and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 39 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The firm did not identify and test any controls over the issuer's evaluation of the changes to the terms of the contract and the potential implications on the issuer's accounting for the contract in accordance with FASB ASC Topic 815. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The firm did not identify and test any controls over the issuer's evaluation of the changes to the terms of the contract and the potential implications on the issuer's accounting for the contract in accordance with FASB ASC Topic 815. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 2 AS 2201 39 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The firm did not identify and test any controls over the issuer's ongoing evaluation of whether its physical delivery of the contractually required volumes of oil to the customer would be probable. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The firm did not identify and test any controls over the issuer's ongoing evaluation of whether its physical delivery of the contractually required volumes of oil to the customer would be probable. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 3 AS 2301 8 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether considering the issuer's past production trends and expected future production the minimum monthly volumes per the contract could reasonably be met. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether considering the issuer's past production trends and expected future production the minimum monthly volumes per the contract could reasonably be met. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 4 AS 2810 3 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The contract included a provision that required the issuer to make a partial payment if at any time the issuer's estimate of the volume payment at the end of the contract exceeded a certain amount. In the year under audit the issuer's estimate of future forecasted production indicated that the volume payment would exceed this amount in the following year. The firm did not perform any substantive procedures to evaluate whether this potential partial volume payment would contradict the issuer's assertion that it was probable that the contract would not result in a net settlement. (AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2810 3 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The contract included a provision that required the issuer to make a partial payment if at any time the issuer's estimate of the volume payment at the end of the contract exceeded a certain amount. In the year under audit the issuer's estimate of future forecasted production indicated that the volume payment would exceed this amount in the following year. The firm did not perform any substantive procedures to evaluate whether this potential partial volume payment would contradict the issuer's assertion that it was probable that the contract would not result in a net settlement. (AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 5 AS 2301 8 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether a change to certain terms of the contract that would allow the issuer to reduce any volume payment would be a form of net settlement. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 8 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether a change to certain terms of the contract that would allow the issuer to reduce any volume payment would be a form of net settlement. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 6 AS 2301 8 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The firm did not evaluate whether the issuer's determination of the contract-end date was appropriate and whether the issuer's physical delivery of the contractually required volumes of oil to the customer by this date would be probable. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 8 The issuer was party to a contract with one of its customers that required the issuer to provide a minimum monthly volume of oil produced from a defined area within one of its properties. The issuer determined that the contract represented a derivative contract and qualified for the scope exception for normal purchases and normal sales under FASB ASC Topic 815 Derivatives and Hedging. The contract included a provision that allowed the issuer to defer any payments owed to the customer for any production below the minimum monthly volumes over the life of the contract ('volume payment') until the end of the contract. Subsequent to year end but prior to the issuer filing its financial statements the issuer renegotiated certain terms of the contract and determined that these changes were enforceable as of year end. With respect to the firm's control testing over and substantive procedures related to whether the contract qualified for the derivative accounting scope exception for normal purchases and normal sales the following deficiencies were identified: · The firm did not evaluate whether the issuer's determination of the contract-end date was appropriate and whether the issuer's physical delivery of the contractually required volumes of oil to the customer by this date would be probable. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 7 AS 2201 42 With respect to the firm's control testing over and substantive procedures related to the consideration of the contract terms and the implications of these terms on revenue recognition the following deficiencies were identified: · The firm selected for testing certain controls over the issuer's evaluation of contracts including changes to existing contracts for revenue recognition under FASB ASC Topic 606 Revenue from Contracts with Customers. The firm concluded that these controls were designed and operating effectively but it did not identify that the issuer did not evaluate (1) the accounting implications of the changes to the terms of the contract and (2) whether the revenue derived from the contract included an element of variable consideration that may have required the issuer to constrain revenue and record a contract liability. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 42 With respect to the firm's control testing over and substantive procedures related to the consideration of the contract terms and the implications of these terms on revenue recognition the following deficiencies were identified: · The firm selected for testing certain controls over the issuer's evaluation of contracts including changes to existing contracts for revenue recognition under FASB ASC Topic 606 Revenue from Contracts with Customers. The firm concluded that these controls were designed and operating effectively but it did not identify that the issuer did not evaluate (1) the accounting implications of the changes to the terms of the contract and (2) whether the revenue derived from the contract included an element of variable consideration that may have required the issuer to constrain revenue and record a contract liability. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 7 AS 2201 44 With respect to the firm's control testing over and substantive procedures related to the consideration of the contract terms and the implications of these terms on revenue recognition the following deficiencies were identified: · The firm selected for testing certain controls over the issuer's evaluation of contracts including changes to existing contracts for revenue recognition under FASB ASC Topic 606 Revenue from Contracts with Customers. The firm concluded that these controls were designed and operating effectively but it did not identify that the issuer did not evaluate (1) the accounting implications of the changes to the terms of the contract and (2) whether the revenue derived from the contract included an element of variable consideration that may have required the issuer to constrain revenue and record a contract liability. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 44 With respect to the firm's control testing over and substantive procedures related to the consideration of the contract terms and the implications of these terms on revenue recognition the following deficiencies were identified: · The firm selected for testing certain controls over the issuer's evaluation of contracts including changes to existing contracts for revenue recognition under FASB ASC Topic 606 Revenue from Contracts with Customers. The firm concluded that these controls were designed and operating effectively but it did not identify that the issuer did not evaluate (1) the accounting implications of the changes to the terms of the contract and (2) whether the revenue derived from the contract included an element of variable consideration that may have required the issuer to constrain revenue and record a contract liability. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 8 AS 2501 11 With respect to the firm's control testing over and substantive procedures related to the consideration of the contract terms and the implications of these terms on revenue recognition the following deficiencies were identified: · The firm did not perform any substantive procedures to test the forecasted production that the issuer used to determine the estimated volume payment. (AS 2501.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2501 11 With respect to the firm's control testing over and substantive procedures related to the consideration of the contract terms and the implications of these terms on revenue recognition the following deficiencies were identified: · The firm did not perform any substantive procedures to test the forecasted production that the issuer used to determine the estimated volume payment. (AS 2501.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 9 AS 2501 11 With respect to the firm's control testing over and substantive procedures related to the consideration of the contract terms and the implications of these terms on revenue recognition the following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate the estimated volume payment at the end of the contract. Its procedures to test the forecasted production for the defined area were limited to (1) comparing the issuer's prior-year estimate of forecasted production for the overall property for the current year to the actual production and (2) comparing the forecasted production for the defined area to the total forecasted production for the overall property. (AS 2501.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2501 11 With respect to the firm's control testing over and substantive procedures related to the consideration of the contract terms and the implications of these terms on revenue recognition the following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate the estimated volume payment at the end of the contract. Its procedures to test the forecasted production for the defined area were limited to (1) comparing the issuer's prior-year estimate of forecasted production for the overall property for the current year to the actual production and (2) comparing the forecasted production for the defined area to the total forecasted production for the overall property. (AS 2501.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 10 AS 2810 30 With respect to the firm's control testing over and substantive procedures related to the consideration of the contract terms and the implications of these terms on revenue recognition the following deficiencies were identified: · The firm did not evaluate the accounting implications of the changes to the contract terms on revenue recognition and as a result did not identify that (1) the issuer used an incorrect contract-end date to determine the estimated volume payment that it used to evaluate revenue recognition and (2) the revenue derived from the contract included an element of variable consideration that may have required the issuer to constrain revenue and record a contract liability under FASB ASC Topic 606. (AS 2810.30) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2810 30 With respect to the firm's control testing over and substantive procedures related to the consideration of the contract terms and the implications of these terms on revenue recognition the following deficiencies were identified: · The firm did not evaluate the accounting implications of the changes to the contract terms on revenue recognition and as a result did not identify that (1) the issuer used an incorrect contract-end date to determine the estimated volume payment that it used to evaluate revenue recognition and (2) the revenue derived from the contract included an element of variable consideration that may have required the issuer to constrain revenue and record a contract liability under FASB ASC Topic 606. (AS 2810.30) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 11 AS 2201 39 The issuer recorded oil revenue based on volumes produced from each well; the issuer's ownership interest in each well varied from well to well. The firm did not identify and test any controls over the accuracy of the volume data by well used to record revenue. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2201 39 The issuer recorded oil revenue based on volumes produced from each well; the issuer's ownership interest in each well varied from well to well. The firm did not identify and test any controls over the accuracy of the volume data by well used to record revenue. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 12 AS 1105 10 The firm used the volume data in its substantive testing of this revenue but did not perform any procedures to test or in the alternative test any controls over the accuracy of the data. (AS 1105.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 1105 10 The firm used the volume data in its substantive testing of this revenue but did not perform any procedures to test or in the alternative test any controls over the accuracy of the data. (AS 1105.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 13 AS 2501 11 During the year the issuer identified indicators of possible impairment for two of its oil- and gas-producing properties. The issuer developed undiscounted cash flows for its impairment analysis using various assumptions that included (1) oil and gas reserves including historical and forecasted production (2) future development costs and (3) product prices including adjustments to those prices. The issuer engaged an external specialist to estimate the issuer's oil and gas reserves. To test the forecasted production assumption the firm compared the issuer's prior-year estimate of forecasted production for the current year to the actual production and investigated any variances. The firm did not perform sufficient substantive procedures to evaluate the reasonableness of the forecasted production for both properties because its procedures were limited to inquiring of management about the variances. (AS 2501.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 14 AS 2501 11 The issuer held certain assets that it planned to use to develop one of these properties. The firm did not evaluate whether the issuer should have grouped these assets with this property's assets for its analysis of this property for possible impairment. (AS 2501.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 15 AS 2305 13 The firm performed substantive analytical procedures to test the reasonableness of the future development costs for each of these two properties. The firm developed its expectations based on (1) historical development costs for one of these properties (2) the number of wells drilled and completed during the year and (3) the issuer's average ownership interest ('working interest') in the wells. These analytical procedures did not provide sufficient appropriate audit evidence because the following deficiencies were identified: · The firm did not determine whether the historical development costs for one property could be expected to be predictive of the future development costs for both properties. (AS 2305.13 and .14) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 15 AS 2305 14 The firm performed substantive analytical procedures to test the reasonableness of the future development costs for each of these two properties. The firm developed its expectations based on (1) historical development costs for one of these properties (2) the number of wells drilled and completed during the year and (3) the issuer's average ownership interest ('working interest') in the wells. These analytical procedures did not provide sufficient appropriate audit evidence because the following deficiencies were identified: · The firm did not determine whether the historical development costs for one property could be expected to be predictive of the future development costs for both properties. (AS 2305.13 and .14) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 16 AS 2305 16 The firm performed substantive analytical procedures to test the reasonableness of the future development costs for each of these two properties. The firm developed its expectations based on (1) historical development costs for one of these properties (2) the number of wells drilled and completed during the year and (3) the issuer's average ownership interest ('working interest') in the wells. These analytical procedures did not provide sufficient appropriate audit evidence because the following deficiencies were identified: · In testing the historical costs used to develop its expectations the firm did not identify that certain costs should have been excluded from those expectations. (AS 2305.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 17 AS 2305 16 The firm performed substantive analytical procedures to test the reasonableness of the future development costs for each of these two properties. The firm developed its expectations based on (1) historical development costs for one of these properties (2) the number of wells drilled and completed during the year and (3) the issuer's average ownership interest ('working interest') in the wells. These analytical procedures did not provide sufficient appropriate audit evidence because the following deficiencies were identified: · For one of these properties the firm reduced the historical development costs based on an estimate of certain cost savings the issuer expected to achieve in future years. The firm did not perform any procedures beyond inquiring of management to test these expected cost savings. (AS 2305.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 18 AS 2305 16 The firm performed substantive analytical procedures to test the reasonableness of the future development costs for each of these two properties. The firm developed its expectations based on (1) historical development costs for one of these properties (2) the number of wells drilled and completed during the year and (3) the issuer's average ownership interest ('working interest') in the wells. These analytical procedures did not provide sufficient appropriate audit evidence because the following deficiencies were identified: · The firm did not perform any procedures to test the accuracy of the number of wells drilled and completed during the year. (AS 2305.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 19 AS 2305 16 The firm performed substantive analytical procedures to test the reasonableness of the future development costs for each of these two properties. The firm developed its expectations based on (1) historical development costs for one of these properties (2) the number of wells drilled and completed during the year and (3) the issuer's average ownership interest ('working interest') in the wells. These analytical procedures did not provide sufficient appropriate audit evidence because the following deficiencies were identified: · The firm did not identify that the working interest it used to develop its expectation for one of the issuer's properties was different than the working interest used by the issuer's specialist. (AS 2305.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 20 AS 1210 12 The firm did not perform any procedures to test the accuracy and completeness of the development cost production and pricing data that the issuer provided to the external specialist and that the external specialist used to estimate the issuer's oil and gas reserves. (AS 1210.12) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 21 AS 2301 8 The issuer used the forecasted production and future development costs to determine the depletion expense for these properties. As a result of the deficiencies in the firm's testing of this information as discussed above the firm did not perform sufficient substantive procedures to test the issuer's depletion expense. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For one of its business units the issuer entered into revenue arrangements with multiple performance obligations and allocated the total transaction price for each arrangement to the separate performance obligations on a relative standalone selling price basis. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the issuer's allocation of revenue to separate performance obligations was based on relative standalone selling prices in conformity with FASB ASC Topic 606. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 For one of its business units the issuer entered into revenue arrangements with multiple performance obligations and allocated the total transaction price for each arrangement to the separate performance obligations on a relative standalone selling price basis. The following deficiencies were identified: · For certain revenue recorded from these arrangements the firm did not identify and test any controls that addressed whether the individual prices for goods sold were agreed to by customers prior to recording revenue under FASB ASC Topic 606. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 For one of its business units the issuer entered into revenue arrangements with multiple performance obligations and allocated the total transaction price for each arrangement to the separate performance obligations on a relative standalone selling price basis. The following deficiencies were identified: · For certain of these revenue transactions the firm did not identify and test any controls that addressed whether the quantities shipped and invoiced by the issuer represented quantities ordered by customers. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 For one of its business units the issuer entered into revenue arrangements with multiple performance obligations and allocated the total transaction price for each arrangement to the separate performance obligations on a relative standalone selling price basis. The following deficiencies were identified: · For certain other revenue recorded from these arrangements the firm did not identify and test any controls that addressed whether certain of these revenue transactions were valid and accurate. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2810 30 For one of its business units the issuer entered into revenue arrangements with multiple performance obligations and allocated the total transaction price for each arrangement to the separate performance obligations on a relative standalone selling price basis. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the issuer's allocation of revenue to separate performance obligations was based on relative standalone selling prices in conformity with FASB ASC Topic 606. (AS 2810.30) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 For another business unit the firm did not identify and test any controls that addressed whether the (1) quantities shipped and invoiced by the issuer represented quantities ordered by customers and (2) prices were agreed to by customers prior to recording revenue. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review and approval of changes to the prices maintained in the pricing master file. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review and approval of changes to the prices maintained in the pricing master file. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review and approval of changes to the prices maintained in the pricing master file. The firm did not identify and test any controls that addressed whether all approved price changes were made to the pricing master file. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2201 68 For a third business unit the firm identified control deficiencies related to the issuer's controls over the review and approval of sales orders and changes to prices maintained in the pricing master file. The firm identified and tested various controls that it believed would mitigate these deficiencies. The firm did not identify that these compensating controls did not address the risks of material misstatement related to fictitious sales orders and inaccurate prices. (AS 2201.68) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test revenue at two of these business units was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test revenue at two of these business units was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test revenue at two of these business units was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test revenue at two of these business units was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test revenue at two of these business units was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test revenue at two of these business units was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2301 8 For revenue from fixed-price contracts the firm performed substantive procedures to test a portion of this revenue but did not perform any procedures to test the remaining portion. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 44 For revenue from completed contracts the firm designed one of its substantive procedures as a dual-purpose test. The firm performed its substantive procedure using the same sample size it determined for its control testing. This sample size was too small to provide sufficient appropriate audit evidence for the substantive procedure because the firm did not use the larger of the samples that would otherwise have been designed for the two separate purposes. (AS 2315.44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2310 31 To test certain accounts receivable the firm performed confirmation procedures for all invoices that exceeded a monetary threshold. For the items for which the requested confirmations were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that these invoices represented valid receivables at year end. (AS 2310.31) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 8 For these accounts receivable that were not subject to confirmation procedures the firm performed substantive procedures for a nonstatistical sample of invoices. For certain items in its sample the firm did not perform procedures that provided sufficient appropriate audit evidence that these invoices represented valid receivables at year end. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2201 42 The firm selected for testing a control that included the issuer's review of the valuation allowance for its deferred tax assets related to its domestic and foreign operations. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the evidence the issuer used to determine whether a valuation allowance was necessary. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2201 44 The firm selected for testing a control that included the issuer's review of the valuation allowance for its deferred tax assets related to its domestic and foreign operations. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the evidence the issuer used to determine whether a valuation allowance was necessary. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 6 AS 2201 42 The firm selected for testing controls that consisted of the issuer's preparation and review of its tax provision including the control discussed above. The firm did not test the aspects of these controls that addressed the income tax expense and deferred taxes recorded for the issuer's foreign operations other than the aspect related to the valuation allowance as discussed above. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 6 AS 2201 44 The firm selected for testing controls that consisted of the issuer's preparation and review of its tax provision including the control discussed above. The firm did not test the aspects of these controls that addressed the income tax expense and deferred taxes recorded for the issuer's foreign operations other than the aspect related to the valuation allowance as discussed above. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 7 AS 2301 8 The firm did not perform sufficient substantive procedures to test the income tax expense and deferred taxes recorded for the issuer's foreign operations because the firm's procedures were limited to comparing balances from the tax provision to supporting documentation for only a small number of deferred tax assets and for only two of the issuer's foreign subsidiaries. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 8 AS 2501 11 For one of its foreign subsidiaries the issuer reported a full valuation allowance related to certain deferred tax assets. The firm concluded that the valuation allowance was appropriate without evaluating certain evidence that suggested that a valuation allowance may not be necessary. (AS 2501.11; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 8 AS 2810 3 For one of its foreign subsidiaries the issuer reported a full valuation allowance related to certain deferred tax assets. The firm concluded that the valuation allowance was appropriate without evaluating certain evidence that suggested that a valuation allowance may not be necessary. (AS 2501.11; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 62 The firm identified a control deficiency related to inappropriate access for numerous users to the issuer's IT system that was used to process and record transactions related to revenue and income taxes. The firm did not sufficiently evaluate the severity of this control deficiency because it limited its evaluation to inspecting activity logs of the users that had inappropriate access. (AS 2201.62) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 62 The firm identified a control deficiency related to inappropriate access for numerous users to the issuer's IT system that was used to process and record transactions related to revenue and income taxes. The firm did not sufficiently evaluate the severity of this control deficiency because it limited its evaluation to inspecting activity logs of the users that had inappropriate access. (AS 2201.62) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 2 AS 2201 68 The firm identified a control deficiency related to inappropriate access for numerous users to the issuer's IT system that was used to process and record transactions related to revenue and income taxes. The firm identified and tested various controls that it believed would mitigate this deficiency. The firm did not identify that these compensating controls did not address the risks related to inappropriate access for these users. (AS 2201.68) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 68 The firm identified a control deficiency related to inappropriate access for numerous users to the issuer's IT system that was used to process and record transactions related to revenue and income taxes. The firm identified and tested various controls that it believed would mitigate this deficiency. The firm did not identify that these compensating controls did not address the risks related to inappropriate access for these users. (AS 2201.68) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 3 AS 2201 39 During the year the issuer completed a restructuring of its foreign subsidiaries. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's evaluation of the tax considerations related to this restructuring. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 4 AS 2301 8 During the year the issuer completed a restructuring of its foreign subsidiaries. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the issuer's conclusions related to the tax effects of the restructuring beyond reading a document the issuer's external specialist prepared that summarized the nature of the restructuring and the issuer's conclusions on the related tax considerations. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2201 42 The issuer reported an income tax benefit from tax exemptions that a foreign tax authority granted the issuer. These exemptions were subject to compliance with certain conditions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review of an analysis that the issuer used to determine whether it met those conditions. The firm did not evaluate the specific review procedures that the control owner performed to assess the issuer's compliance with those conditions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2201 44 The issuer reported an income tax benefit from tax exemptions that a foreign tax authority granted the issuer. These exemptions were subject to compliance with certain conditions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review of an analysis that the issuer used to determine whether it met those conditions. The firm did not evaluate the specific review procedures that the control owner performed to assess the issuer's compliance with those conditions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 6 AS 2201 39 The issuer reported an income tax benefit from tax exemptions that a foreign tax authority granted the issuer. These exemptions were subject to compliance with certain conditions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the review of an analysis that the issuer used to determine whether it met those conditions. The firm did not identify and test any controls over the accuracy and completeness of certain information in the issuer's analysis that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 7 AS 2301 8 The issuer reported an income tax benefit from tax exemptions that a foreign tax authority granted the issuer. These exemptions were subject to compliance with certain conditions. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the issuer's compliance with those conditions. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 42 With respect to the issuer's transfer pricing related to intercompany transactions the following deficiencies were identified: · The firm selected for testing a control over the issuer's monitoring of compliance with its transfer pricing methodology including the review of whether all transactions introducing transfer-pricing risk had been identified for evaluation. The firm did not evaluate the specific review procedures that the control owner performed to (1) determine whether the issuer identified a complete population of transactions with potential transfer-pricing implications for review and (2) assess the issuer's compliance with its transfer-pricing methodology for the transactions that were identified including the control owner's review of intercompany margins. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 44 With respect to the issuer's transfer pricing related to intercompany transactions the following deficiencies were identified: · The firm selected for testing a control over the issuer's monitoring of compliance with its transfer pricing methodology including the review of whether all transactions introducing transfer-pricing risk had been identified for evaluation. The firm did not evaluate the specific review procedures that the control owner performed to (1) determine whether the issuer identified a complete population of transactions with potential transfer-pricing implications for review and (2) assess the issuer's compliance with its transfer-pricing methodology for the transactions that were identified including the control owner's review of intercompany margins. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 2 AS 2301 8 With respect to the issuer's transfer pricing related to intercompany transactions the following deficiencies were identified: · The firm did not perform any substantive procedures to assess the issuer's compliance with its transfer-pricing methodology for intercompany transactions. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 3 AS 2201 39 With respect to the issuer's uncertain tax positions the firm did not identify and test any controls over the issuer's evaluation of (1) the unit of account that it used to determine individual tax positions and (2) the assumptions used to evaluate whether its uncertain tax positions met the recognition threshold. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 4 AS 2201 42 With respect to the issuer's disclosures related to its permanent reinvestment of foreign earnings the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its disclosures related to these earnings. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the potential effects of the changes in federal tax laws on the issuer's disclosures. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 4 AS 2201 44 With respect to the issuer's disclosures related to its permanent reinvestment of foreign earnings the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its disclosures related to these earnings. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the potential effects of the changes in federal tax laws on the issuer's disclosures. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2301 8 With respect to the issuer's disclosures related to its permanent reinvestment of foreign earnings the following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the potential effects of the changes in federal tax laws on the issuer's disclosures related to its permanent reinvestment of foreign earnings. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 39 During the year certain changes in federal tax laws affected the issuer's determination of its state and local taxes. The firm did not identify and test any controls over the issuer's evaluation of the effects of these changes on its state and local taxes. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate the effects of the changes in federal tax laws on the issuer's state and local taxes. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 3 AS 2201 39 The firm did not identify and test any controls that addressed whether the issuer's calculations of certain limitations on deductions used to determine income tax expense were appropriate. Further the firm did not identify and test any controls over the issuer's evaluation of the base erosion and anti-abuse tax ('BEAT'). (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 4 AS 2301 8 The firm did not perform any substantive procedures to (1) test the adjusted taxable income amount that the issuer used to determine its business interest deduction and (2) evaluate the issuer's assertion that it did not meet the requirements to calculate and record a BEAT. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2201 39 The issuer reported an income tax benefit from tax exemptions that a foreign tax authority granted the issuer. These exemptions were subject to compliance with certain conditions. The firm did not identify and test any controls that addressed whether the issuer met those conditions. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investments 1 AS 2201 42 The issuer recorded the fair value of its available-for-sale ('AFS') securities based on prices it obtained from an external pricing service. The firm selected for testing various controls over the valuation of these securities that included the issuer's comparison of these prices to prices obtained from another external pricing service. The securities and prices obtained from both pricing services were manually entered by the issuer into a spreadsheet for this comparison. The firm did not test the aspects of these controls that addressed whether the prices the issuer used in this comparison were derived from different sources. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investments 1 AS 2201 44 The issuer recorded the fair value of its available-for-sale ('AFS') securities based on prices it obtained from an external pricing service. The firm selected for testing various controls over the valuation of these securities that included the issuer's comparison of these prices to prices obtained from another external pricing service. The securities and prices obtained from both pricing services were manually entered by the issuer into a spreadsheet for this comparison. The firm did not test the aspects of these controls that addressed whether the prices the issuer used in this comparison were derived from different sources. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investments 2 AS 2201 39 The issuer recorded the fair value of its available-for-sale ('AFS') securities based on prices it obtained from an external pricing service. The firm selected for testing various controls over the valuation of these securities that included the issuer's comparison of these prices to prices obtained from another external pricing service. The securities and prices obtained from both pricing services were manually entered by the issuer into a spreadsheet for this comparison. The firm did not identify and test any controls over the accuracy of the prices that were manually entered into the comparison spreadsheet. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Investments 3 AS 2201 39 The firm did not identify and test any controls over the issuer's determination of the categorization of its AFS securities within the fair value hierarchy as set forth in FASB ASC Topic 820. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 42 The issuer used a credit risk-rating model to determine (1) a risk-rating score for each loan and (2) the general reserve component of the ALL using the risk-rating scores as important inputs. The firm selected for testing controls that consisted of the issuer's reviews of the outputs from this model. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the appropriateness of the risk-rating scores and the reasonableness of the general reserve. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 44 The issuer used a credit risk-rating model to determine (1) a risk-rating score for each loan and (2) the general reserve component of the ALL using the risk-rating scores as important inputs. The firm selected for testing controls that consisted of the issuer's reviews of the outputs from this model. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the appropriateness of the risk-rating scores and the reasonableness of the general reserve. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 1105 10 The issuer used two IT systems to process and record transactions related to revenue and certain accounts receivable. The following deficiencies were identified: · The firm selected for testing various controls over program change management for these IT systems but did not perform any procedures to test the completeness of the population of changes obtained from the issuer from which it made its selections for testing. (AS 1105.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer used two IT systems to process and record transactions related to revenue and certain accounts receivable. The following deficiencies were identified: · The firm selected for testing various controls over program change management for these IT systems but did not perform any procedures to test the completeness of the population of changes obtained from the issuer from which it made its selections for testing. (AS 1105.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The issuer used two IT systems to process and record transactions related to revenue and certain accounts receivable. The following deficiencies were identified: · The firm selected for testing various controls over the issuer's review of user access to these IT systems but did not evaluate the specific procedures that the control owners performed to determine whether to grant access to users or whether the granted access continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used two IT systems to process and record transactions related to revenue and certain accounts receivable. The following deficiencies were identified: · The firm selected for testing various controls over the issuer's review of user access to these IT systems but did not evaluate the specific procedures that the control owners performed to determine whether to grant access to users or whether the granted access continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The issuer used two IT systems to process and record transactions related to revenue and certain accounts receivable. The following deficiencies were identified: · The firm selected for testing various controls over the issuer's review of user access to these IT systems but did not evaluate the specific procedures that the control owners performed to determine whether to grant access to users or whether the granted access continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used two IT systems to process and record transactions related to revenue and certain accounts receivable. The following deficiencies were identified: · The firm selected for testing various controls over the issuer's review of user access to these IT systems but did not evaluate the specific procedures that the control owners performed to determine whether to grant access to users or whether the granted access continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 46 The issuer used two IT systems to process and record transactions related to revenue and certain accounts receivable. The following deficiencies were identified: · The firm tested certain automated controls that used data maintained by one of these IT systems. The accuracy and completeness of these data depended on effective IT general controls ('ITGCs'). Due to the deficiencies in the firm's testing of the ITGCs discussed above the firm's testing of these automated controls was not sufficient. (AS 2201.46) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 46 The issuer used two IT systems to process and record transactions related to revenue and certain accounts receivable. The following deficiencies were identified: · The firm tested certain automated controls that used data maintained by one of these IT systems. The accuracy and completeness of these data depended on effective IT general controls ('ITGCs'). Due to the deficiencies in the firm's testing of the ITGCs discussed above the firm's testing of these automated controls was not sufficient. (AS 2201.46) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and these accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For certain revenue the issuer entered information related to the types and quantities of services provided into a source system; this information was transferred from the source system to the issuer's revenue system to record revenue. The firm did not identify and test any controls over the accuracy and completeness of this information. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm tested a control that consisted of a quarterly comparison of financial results including this revenue to the results of the prior quarter. The firm did not sufficiently test controls over the accuracy and completeness of certain data used in the operation of this control because it did not test an aspect of another control that addressed the accuracy and completeness of these data. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm tested a control that consisted of a quarterly comparison of financial results including this revenue to the results of the prior quarter. The firm did not sufficiently test controls over the accuracy and completeness of certain data used in the operation of this control because it did not test an aspect of another control that addressed the accuracy and completeness of these data. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A N No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 19 The issuer used models to determine the general reserve component of the ALL for commercial loans collectively evaluated for impairment. These models used various data including a loan risk rating for each loan that were derived from the issuer's data warehouse system. The loan risk rating was an important input in estimating the ALL and determining whether a loan would be individually or collectively evaluated for impairment. The following deficiencies were identified: · The firm used only the work of the issuer's internal audit as evidence about the effectiveness of certain controls related to the issuer's reviews of the loan risk ratings. This approach did not provide sufficient appropriate audit evidence that these controls were designed and operating effectively because of the amount of subjectivity and judgment involved in evaluating the appropriateness of the loan risk ratings and determining any changes to these ratings. (AS 2201.19; AS 2605.20 and .21) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A N No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2605 20 The issuer used models to determine the general reserve component of the ALL for commercial loans collectively evaluated for impairment. These models used various data including a loan risk rating for each loan that were derived from the issuer's data warehouse system. The loan risk rating was an important input in estimating the ALL and determining whether a loan would be individually or collectively evaluated for impairment. The following deficiencies were identified: · The firm used only the work of the issuer's internal audit as evidence about the effectiveness of certain controls related to the issuer's reviews of the loan risk ratings. This approach did not provide sufficient appropriate audit evidence that these controls were designed and operating effectively because of the amount of subjectivity and judgment involved in evaluating the appropriateness of the loan risk ratings and determining any changes to these ratings. (AS 2201.19; AS 2605.20 and .21) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A N No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2605 21 The issuer used models to determine the general reserve component of the ALL for commercial loans collectively evaluated for impairment. These models used various data including a loan risk rating for each loan that were derived from the issuer's data warehouse system. The loan risk rating was an important input in estimating the ALL and determining whether a loan would be individually or collectively evaluated for impairment. The following deficiencies were identified: · The firm used only the work of the issuer's internal audit as evidence about the effectiveness of certain controls related to the issuer's reviews of the loan risk ratings. This approach did not provide sufficient appropriate audit evidence that these controls were designed and operating effectively because of the amount of subjectivity and judgment involved in evaluating the appropriateness of the loan risk ratings and determining any changes to these ratings. (AS 2201.19; AS 2605.20 and .21) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A N No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 68 The issuer used models to determine the general reserve component of the ALL for commercial loans collectively evaluated for impairment. These models used various data including a loan risk rating for each loan that were derived from the issuer's data warehouse system. The loan risk rating was an important input in estimating the ALL and determining whether a loan would be individually or collectively evaluated for impairment. The following deficiencies were identified: · The issuer identified a deficiency related to one of the loan risk-rating controls discussed above. The firm identified and tested certain controls that it believed would mitigate this deficiency. The firm did not identify that these compensating controls did not address the risks of material misstatement related to inappropriate loan risk ratings. (AS 2201.68) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A N No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 39 The issuer used models to determine the general reserve component of the ALL for commercial loans collectively evaluated for impairment. These models used various data including a loan risk rating for each loan that were derived from the issuer's data warehouse system. The loan risk rating was an important input in estimating the ALL and determining whether a loan would be individually or collectively evaluated for impairment. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of the transfer of the loan risk ratings from the issuer's source systems to the data warehouse system or test other controls that would have provided evidence over the accuracy of the loan risk ratings in the data warehouse system. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 39 The firm did not identify and test any controls over the observability of the pricing inputs at the individual instrument level that the issuer used to determine the categorization of its investments and derivatives within the fair value hierarchy as set forth in FASB ASC Topic 820. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 39 The firm did not identify and test any controls over the observability of the pricing inputs at the individual instrument level that the issuer used to determine the categorization of its investments and derivatives within the fair value hierarchy as set forth in FASB ASC Topic 820. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 2 AS 2502 43 The firm performed substantive procedures to evaluate the categorization of the issuer's available-for-sale securities within the fair value hierarchy and to test the valuation of these securities. The firm did not evaluate evidence obtained through these procedures that may have suggested that certain securities categorized as level 2 within the fair value hierarchy lacked observable market data. (AS 2502.43; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2502 43 The firm performed substantive procedures to evaluate the categorization of the issuer's available-for-sale securities within the fair value hierarchy and to test the valuation of these securities. The firm did not evaluate evidence obtained through these procedures that may have suggested that certain securities categorized as level 2 within the fair value hierarchy lacked observable market data. (AS 2502.43; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 2 AS 2810 3 The firm performed substantive procedures to evaluate the categorization of the issuer's available-for-sale securities within the fair value hierarchy and to test the valuation of these securities. The firm did not evaluate evidence obtained through these procedures that may have suggested that certain securities categorized as level 2 within the fair value hierarchy lacked observable market data. (AS 2502.43; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2810 3 The firm performed substantive procedures to evaluate the categorization of the issuer's available-for-sale securities within the fair value hierarchy and to test the valuation of these securities. The firm did not evaluate evidence obtained through these procedures that may have suggested that certain securities categorized as level 2 within the fair value hierarchy lacked observable market data. (AS 2502.43; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing various automated application controls that the issuer used to process and record transactions related to inventory held at certain locations. The firm's testing did not provide sufficient appropriate audit evidence about the operating effectiveness of these controls during the year and as of year end because the firm performed the majority of its procedures on the automated application controls that were in place after year end without performing procedures beyond inquiring of management to determine that there were no changes to these controls or the issuer's IT systems between year end and the testing date. (AS 2201.44) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2301 8 The firm did not perform any substantive procedures to address the assessed risks of material misstatement related to revenue accounts receivable and inventory for several of the issuer's business units. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2301 8 The firm did not perform any substantive procedures to address the assessed risks of material misstatement related to revenue accounts receivable and inventory for several of the issuer's business units. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform any substantive procedures to address the assessed risks of material misstatement related to revenue accounts receivable and inventory for several of the issuer's business units. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 13 For another business unit the firm did not perform any procedures to address an identified fraud risk related to revenue cut-off. (AS 2301.13) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 37 To test the occurrence of revenue throughout the year at certain of the issuer's business units the firm's procedures included testing revenue transactions based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence to address the risks of material misstatement related to the occurrence of this revenue because these procedures which included confirming accounts receivable at year end performing cut-off testing at year end and testing credit memoranda after year end were primarily focused on the occurrence of revenue at a point in time. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence to address the risks of material misstatement related to occurrence of this revenue throughout the year. (AS 2301.37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 42 To test the occurrence of revenue throughout the year at certain of the issuer's business units the firm's procedures included testing revenue transactions based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence to address the risks of material misstatement related to the occurrence of this revenue because these procedures which included confirming accounts receivable at year end performing cut-off testing at year end and testing credit memoranda after year end were primarily focused on the occurrence of revenue at a point in time. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence to address the risks of material misstatement related to occurrence of this revenue throughout the year. (AS 2301.37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 19 To test the occurrence of revenue throughout the year at certain of the issuer's business units the firm's procedures included testing revenue transactions based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence to address the risks of material misstatement related to the occurrence of this revenue because these procedures which included confirming accounts receivable at year end performing cut-off testing at year end and testing credit memoranda after year end were primarily focused on the occurrence of revenue at a point in time. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence to address the risks of material misstatement related to occurrence of this revenue throughout the year. (AS 2301.37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 23 To test the occurrence of revenue throughout the year at certain of the issuer's business units the firm's procedures included testing revenue transactions based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence to address the risks of material misstatement related to the occurrence of this revenue because these procedures which included confirming accounts receivable at year end performing cut-off testing at year end and testing credit memoranda after year end were primarily focused on the occurrence of revenue at a point in time. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence to address the risks of material misstatement related to occurrence of this revenue throughout the year. (AS 2301.37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2019 United States PricewaterhouseCoopers International Limited 2020-12-17T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2315 23A To test the occurrence of revenue throughout the year at certain of the issuer's business units the firm's procedures included testing revenue transactions based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence to address the risks of material misstatement related to the occurrence of this revenue because these procedures which included confirming accounts receivable at year end performing cut-off testing at year end and testing credit memoranda after year end were primarily focused on the occurrence of revenue at a point in time. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence to address the risks of material misstatement related to occurrence of this revenue throughout the year. (AS 2301.37 and .42; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 42 The firm selected for testing a control that consisted of the review of new contracts and certain changes to existing contracts. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 44 The firm selected for testing a control that consisted of the review of new contracts and certain changes to existing contracts. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2810 30 The issuer recognized revenue at a point in time. In its evaluation of the issuer's revenue recognition the firm did not evaluate the specifications of the issuer's products and contracts in determining if there were practical limitations on whether the products had an alternative use in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) In connection with our review the issuer reevaluated its controls over the evaluation of the point in time method of revenue recognition and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 The firm identified and tested a compensating control to address deficiencies the issuer identified in controls over revenue recognition. This compensating control involved the issuer's review of a small sample of contracts for appropriate revenue recognition. The firm did not evaluate whether the small sample of revenue contracts subject to the issuer's review was sufficient to address the risk of material misstatement. (AS 2201.68) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The issuer initiated and processed sales at numerous business units. The firm designated certain of the issuer's business units as (1) subject to more extensive audit procedures or (2) subject to less extensive audit procedures. With respect to business units subject to more extensive audit procedures the following deficiencies were identified: · The firm did not identify and test any controls that addressed the existence of accounts receivable. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2310 29 The issuer initiated and processed sales at numerous business units. The firm designated certain of the issuer's business units as (1) subject to more extensive audit procedures or (2) subject to less extensive audit procedures. With respect to business units subject to more extensive audit procedures the following deficiencies were identified: · The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. For certain items in its sample the responses were returned by email. The firm did not consider performing procedures to verify the source of these responses. (AS 2310.29) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2101 11 The issuer initiated and processed sales at numerous business units. The firm designated certain of the issuer's business units as (1) subject to more extensive audit procedures or (2) subject to less extensive audit procedures. With respect to business units subject to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed at these business units the firm did not evaluate whether (1) specific risks of material misstatement existed at these business units and (2) the risks of material misstatement the firm identified for the business units subject to more extensive audit procedures also applied to these business units such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2101 12 The issuer initiated and processed sales at numerous business units. The firm designated certain of the issuer's business units as (1) subject to more extensive audit procedures or (2) subject to less extensive audit procedures. With respect to business units subject to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed at these business units the firm did not evaluate whether (1) specific risks of material misstatement existed at these business units and (2) the risks of material misstatement the firm identified for the business units subject to more extensive audit procedures also applied to these business units such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2201 B10 The issuer initiated and processed sales at numerous business units. The firm designated certain of the issuer's business units as (1) subject to more extensive audit procedures or (2) subject to less extensive audit procedures. With respect to business units subject to less extensive audit procedures the following deficiencies were identified: · In determining the extent to which audit procedures should be performed at these business units the firm did not evaluate whether (1) specific risks of material misstatement existed at these business units and (2) the risks of material misstatement the firm identified for the business units subject to more extensive audit procedures also applied to these business units such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 42 The issuer initiated and processed sales at numerous business units. The firm designated certain of the issuer's business units as (1) subject to more extensive audit procedures or (2) subject to less extensive audit procedures. With respect to business units subject to less extensive audit procedures the following deficiencies were identified: · The relevant controls the firm selected for testing were two entity level controls that included monthly reviews of financial information including accounts receivable for these business units. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and/or the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 44 The issuer initiated and processed sales at numerous business units. The firm designated certain of the issuer's business units as (1) subject to more extensive audit procedures or (2) subject to less extensive audit procedures. With respect to business units subject to less extensive audit procedures the following deficiencies were identified: · The relevant controls the firm selected for testing were two entity level controls that included monthly reviews of financial information including accounts receivable for these business units. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and/or the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 8 The issuer initiated and processed sales at numerous business units. The firm designated certain of the issuer's business units as (1) subject to more extensive audit procedures or (2) subject to less extensive audit procedures. With respect to business units subject to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to address the risks of material misstatement related to existence of accounts receivable. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing a control over the review of qualitative factors which are inputs used in determining the general reserve component of the ALL. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing a control over the review of qualitative factors which are inputs used in determining the general reserve component of the ALL. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 42 The firm selected for testing a control over the review of qualitative factors which are inputs used in determining the general reserve component of the ALL. The firm did not test the aspect of this control that addressed the accuracy of certain data used in the performance of this control. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 44 The firm selected for testing a control over the review of qualitative factors which are inputs used in determining the general reserve component of the ALL. The firm did not test the aspect of this control that addressed the accuracy of certain data used in the performance of this control. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 The issuer used loan charge-offs as inputs to determine the general reserve component of the ALL. The firm selected for testing a control that included the review of loan charge-offs and the evaluation of charge-offs excluded from the calculation. The firm did not evaluate the specific review procedures the control owner performed to evaluate the charge-offs excluded from the calculation. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 44 The issuer used loan charge-offs as inputs to determine the general reserve component of the ALL. The firm selected for testing a control that included the review of loan charge-offs and the evaluation of charge-offs excluded from the calculation. The firm did not evaluate the specific review procedures the control owner performed to evaluate the charge-offs excluded from the calculation. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 4 AS 2201 42 The firm selected for testing a control that consisted of the review of the provision for income taxes including the issuer's review of (1) the effective tax rate reconciliation and (2) considerations regarding the need to record a deferred tax asset valuation allowance. The firm did not evaluate the specific review procedures that the control owner performed to assess the effective tax rate and whether a valuation allowance was needed. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 4 AS 2201 44 The firm selected for testing a control that consisted of the review of the provision for income taxes including the issuer's review of (1) the effective tax rate reconciliation and (2) considerations regarding the need to record a deferred tax asset valuation allowance. The firm did not evaluate the specific review procedures that the control owner performed to assess the effective tax rate and whether a valuation allowance was needed. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2501 11 The issuer determined that no deferred tax asset valuation allowance was necessary for the current year. The firm did not evaluate the appropriateness of the assumptions the issuer used in its determination. (AS 2501.11) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2201 42 The issuer recorded the fair value of available-for-sale ('AFS') securities based on the prices it obtained from an external pricing service. The firm selected for testing a quarterly control that consisted of the issuer's comparing for one-fourth of its AFS securities these prices to prices it obtained from another external pricing service. The firm did not evaluate whether the control was appropriately designed to consider whether there were changes to the risk of material misstatement inherent in the population of securities from the issuer's interim testing dates to the issuer's year end. (AS 2201.42) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 1 AS 2201 42 The firm selected for testing a control over the issuer's review of forecasts that it used in its (1) annual goodwill impairment assessment and (2) evaluation of its ability to continue as a going concern. The firm did not (1) determine the frequency with which the control was performed and (2) evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 42 The firm selected for testing a control over the issuer's review of forecasts that it used in its (1) annual goodwill impairment assessment and (2) evaluation of its ability to continue as a going concern. The firm did not (1) determine the frequency with which the control was performed and (2) evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 1 AS 2201 44 The firm selected for testing a control over the issuer's review of forecasts that it used in its (1) annual goodwill impairment assessment and (2) evaluation of its ability to continue as a going concern. The firm did not (1) determine the frequency with which the control was performed and (2) evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 44 The firm selected for testing a control over the issuer's review of forecasts that it used in its (1) annual goodwill impairment assessment and (2) evaluation of its ability to continue as a going concern. The firm did not (1) determine the frequency with which the control was performed and (2) evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2502 26 The issuer performed its annual analysis of the possible impairment of goodwill as of an interim date. The firm performed substantive procedures to evaluate certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of its reporting units for this analysis. The firm however (1) evaluated these assumptions at the consolidated financial statement level and not at the reporting unit level and (2) did not evaluate certain other assumptions underlying the cash-flow forecasts including the issuer's ability to carry out specific actions. (AS 2502.26 .28 .31 and .36) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2502 28 The issuer performed its annual analysis of the possible impairment of goodwill as of an interim date. The firm performed substantive procedures to evaluate certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of its reporting units for this analysis. The firm however (1) evaluated these assumptions at the consolidated financial statement level and not at the reporting unit level and (2) did not evaluate certain other assumptions underlying the cash-flow forecasts including the issuer's ability to carry out specific actions. (AS 2502.26 .28 .31 and .36) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2502 31 The issuer performed its annual analysis of the possible impairment of goodwill as of an interim date. The firm performed substantive procedures to evaluate certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of its reporting units for this analysis. The firm however (1) evaluated these assumptions at the consolidated financial statement level and not at the reporting unit level and (2) did not evaluate certain other assumptions underlying the cash-flow forecasts including the issuer's ability to carry out specific actions. (AS 2502.26 .28 .31 and .36) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2502 36 The issuer performed its annual analysis of the possible impairment of goodwill as of an interim date. The firm performed substantive procedures to evaluate certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of its reporting units for this analysis. The firm however (1) evaluated these assumptions at the consolidated financial statement level and not at the reporting unit level and (2) did not evaluate certain other assumptions underlying the cash-flow forecasts including the issuer's ability to carry out specific actions. (AS 2502.26 .28 .31 and .36) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2201 44 The firm selected for testing a control that included the issuer's review of triggering events as potential indicators of goodwill impairment. In its testing of the operating effectiveness of this control the firm did not identify that the issuer's evaluation did not consider certain adverse market conditions and deteriorating financial results that arose before and after year end. (AS 2201.44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 2301 8 The firm did not sufficiently evaluate the issuer's determination that it did not need to test goodwill for impairment between its annual tests because the firm did not identify that the issuer's evaluation did not consider certain adverse market conditions and deteriorating financial results that arose before and after year end. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 5 AS 2201 42 The firm selected for testing a control over the issuer's preparation and review of the financial statements that included an evaluation by the control owners of the issuer's disclosures related to its ability to continue as a going concern. The firm did not evaluate the specific review procedures that the control owners performed to evaluate these disclosures. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 5 AS 2201 44 The firm selected for testing a control over the issuer's preparation and review of the financial statements that included an evaluation by the control owners of the issuer's disclosures related to its ability to continue as a going concern. The firm did not evaluate the specific review procedures that the control owners performed to evaluate these disclosures. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 6 AS 2415 7 The issuer experienced certain adverse market conditions and deteriorating financial results that arose before and after year end. The issuer developed a plan to mitigate the effect of these events and conditions. The firm did not obtain sufficient appropriate audit evidence to support certain assumptions used in the issuer's plan including the issuer's ability to carry out specific actions. (AS 2415.07 .08 and .09) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 6 AS 2415 8 The issuer experienced certain adverse market conditions and deteriorating financial results that arose before and after year end. The issuer developed a plan to mitigate the effect of these events and conditions. The firm did not obtain sufficient appropriate audit evidence to support certain assumptions used in the issuer's plan including the issuer's ability to carry out specific actions. (AS 2415.07 .08 and .09) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 6 AS 2415 9 The issuer experienced certain adverse market conditions and deteriorating financial results that arose before and after year end. The issuer developed a plan to mitigate the effect of these events and conditions. The firm did not obtain sufficient appropriate audit evidence to support certain assumptions used in the issuer's plan including the issuer's ability to carry out specific actions. (AS 2415.07 .08 and .09) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of an analysis of the valuation of deferred tax assets. The issuer adjusted its valuation of certain deferred tax assets based on a study prepared by the issuer's external specialist. The firm did not perform any procedures to test the aspect of this control or any other control that addressed the accuracy and completeness of the data and reasonableness of the assumptions used in this study. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of an analysis of the valuation of deferred tax assets. The issuer adjusted its valuation of certain deferred tax assets based on a study prepared by the issuer's external specialist. The firm did not perform any procedures to test the aspect of this control or any other control that addressed the accuracy and completeness of the data and reasonableness of the assumptions used in this study. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 2 AS 2501 11 The firm did not perform any procedures to test the reasonableness of the fair value of certain assets or the tax basis of certain assets and liabilities used in the issuer's external specialist's study that the issuer used to adjust the valuation of certain deferred tax assets. (AS 2501.11) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The firm selected for testing controls that consisted of the review of (1) journal entries to record revenue and (2) month-end reconciliations. The firm did not identify and test any controls over the accuracy and completeness of certain revenue reports that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The issuer recognized revenue from custom products at a point in time. In its evaluation of the issuer's revenue recognition the firm did not evaluate (1) the specifications of the custom products in determining if there were practical limitations on whether the products had an alternative use and (2) whether the issuer's customary business practice of not enforcing its contractual right to payment on cancelled orders renders this right to be unenforceable in conformity with FASB ASC Topic 606. (AS 2810.30) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2310 29 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. For certain items in its sample the responses were returned by email. The firm did not consider performing procedures to verify the source of these responses. (AS 2310.29) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used a service organization to process certain revenue. The firm selected for testing controls that consisted of the issuer's reviews of analyses supporting revenue deduction accruals for this revenue. The firm did not evaluate the specific review procedures that the control owners performed to assess the accuracy of the sales deduction rates used in the analyses. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used a service organization to process certain revenue. The firm selected for testing controls that consisted of the issuer's reviews of analyses supporting revenue deduction accruals for this revenue. The firm did not evaluate the specific review procedures that the control owners performed to assess the accuracy of the sales deduction rates used in the analyses. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Income Taxes 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's quarterly review of the provision for income taxes. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Income Taxes 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's quarterly review of the provision for income taxes. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Business Combinations 1 AS 2201 42 During the year the issuer acquired multiple businesses. The firm selected for testing controls over the accounting for business combinations including the issuer's reviews of the valuation of certain acquired assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Business Combinations 1 AS 2201 44 During the year the issuer acquired multiple businesses. The firm selected for testing controls over the accounting for business combinations including the issuer's reviews of the valuation of certain acquired assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Business Combinations 2 AS 2201 39 During the year the issuer acquired multiple businesses. The firm selected for testing controls over the accounting for business combinations including the issuer's reviews of the valuation of certain acquired assets. The firm did not identify and test any controls over the valuation of certain other assets that were also acquired in the business combinations. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The firm's substantive procedures to test revenue included performing substantive analytical procedures which consisted of comparisons of monthly revenue to the prior-month revenue. These analytical procedures did not provide sufficient appropriate audit evidence because the firm did not (1) determine whether the prior-period amounts could be expected to be predictive of the current-period amounts and (2) include the first month of the year under audit in its analytical procedures. Further the firm used a threshold for investigation of differences that was inconsistent with the desired level of assurance because it did not consider the possibility that a combination of misstatements could aggregate to an unacceptable amount. (AS 2301.08; AS 2305.13 .14 and .20) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 13 The firm's substantive procedures to test revenue included performing substantive analytical procedures which consisted of comparisons of monthly revenue to the prior-month revenue. These analytical procedures did not provide sufficient appropriate audit evidence because the firm did not (1) determine whether the prior-period amounts could be expected to be predictive of the current-period amounts and (2) include the first month of the year under audit in its analytical procedures. Further the firm used a threshold for investigation of differences that was inconsistent with the desired level of assurance because it did not consider the possibility that a combination of misstatements could aggregate to an unacceptable amount. (AS 2301.08; AS 2305.13 .14 and .20) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 14 The firm's substantive procedures to test revenue included performing substantive analytical procedures which consisted of comparisons of monthly revenue to the prior-month revenue. These analytical procedures did not provide sufficient appropriate audit evidence because the firm did not (1) determine whether the prior-period amounts could be expected to be predictive of the current-period amounts and (2) include the first month of the year under audit in its analytical procedures. Further the firm used a threshold for investigation of differences that was inconsistent with the desired level of assurance because it did not consider the possibility that a combination of misstatements could aggregate to an unacceptable amount. (AS 2301.08; AS 2305.13 .14 and .20) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 20 The firm's substantive procedures to test revenue included performing substantive analytical procedures which consisted of comparisons of monthly revenue to the prior-month revenue. These analytical procedures did not provide sufficient appropriate audit evidence because the firm did not (1) determine whether the prior-period amounts could be expected to be predictive of the current-period amounts and (2) include the first month of the year under audit in its analytical procedures. Further the firm used a threshold for investigation of differences that was inconsistent with the desired level of assurance because it did not consider the possibility that a combination of misstatements could aggregate to an unacceptable amount. (AS 2301.08; AS 2305.13 .14 and .20) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A J No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 68 The issuer stored revenue data from its point-of-sale system in multiple databases including a primary database that was used to record data in the general ledger and a redundant database. The firm determined that certain change management and logical access information technology general controls over the primary database were ineffective. The firm identified a compensating control that consisted of a manual comparison of revenue data from the redundant database to the general ledger but the firm did not test beyond inquiry controls that addressed the accuracy and completeness of the revenue data in the redundant database. (AS 2201.68) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A K No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of invoices for certain revenue. The firm did not evaluate the specific review procedures the control owners performed with respect to reviewing the accuracy and completeness of labor hours which were an input into the issuer's calculation of this revenue. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2019 United States BDO International Limited 2020-12-17T00:00:00 Part I.A K No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of invoices for certain revenue. The firm did not evaluate the specific review procedures the control owners performed with respect to reviewing the accuracy and completeness of labor hours which were an input into the issuer's calculation of this revenue. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 68 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · With respect to the security administration control deficiencies the firm identified compensating controls but did not evaluate whether these controls would mitigate the risks including fraud risks posed by the ITGC deficiencies. Further in performing its testing of the identified compensating controls the firm did not (1) identify that the control owners used data and reports in the performance of certain of these controls that were produced by the systems that were subject to the ITGC deficiencies and (2) as discussed below sufficiently test certain of these controls. (AS 2201.68) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 68 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · With respect to the security administration control deficiencies the firm identified compensating controls but did not evaluate whether these controls would mitigate the risks including fraud risks posed by the ITGC deficiencies. Further in performing its testing of the identified compensating controls the firm did not (1) identify that the control owners used data and reports in the performance of certain of these controls that were produced by the systems that were subject to the ITGC deficiencies and (2) as discussed below sufficiently test certain of these controls. (AS 2201.68) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 68 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · With respect to the security administration control deficiencies the firm identified compensating controls but did not evaluate whether these controls would mitigate the risks including fraud risks posed by the ITGC deficiencies. Further in performing its testing of the identified compensating controls the firm did not (1) identify that the control owners used data and reports in the performance of certain of these controls that were produced by the systems that were subject to the ITGC deficiencies and (2) as discussed below sufficiently test certain of these controls. (AS 2201.68) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · With respect to the security administration control deficiencies the firm identified compensating controls but did not evaluate whether these controls would mitigate the risks including fraud risks posed by the ITGC deficiencies. Further in performing its testing of the identified compensating controls the firm did not (1) identify that the control owners used data and reports in the performance of certain of these controls that were produced by the systems that were subject to the ITGC deficiencies and (2) as discussed below sufficiently test certain of these controls. (AS 2201.68) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 46 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · In its testing of controls over revenue accounts receivable goodwill and certain long-lived assets the firm tested certain automated controls and IT-dependent manual controls that used data and reports generated or maintained by these systems. As a result of the deficiencies discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2201 46 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · In its testing of controls over revenue accounts receivable goodwill and certain long-lived assets the firm tested certain automated controls and IT-dependent manual controls that used data and reports generated or maintained by these systems. As a result of the deficiencies discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 46 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · In its testing of controls over revenue accounts receivable goodwill and certain long-lived assets the firm tested certain automated controls and IT-dependent manual controls that used data and reports generated or maintained by these systems. As a result of the deficiencies discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · In its testing of controls over revenue accounts receivable goodwill and certain long-lived assets the firm tested certain automated controls and IT-dependent manual controls that used data and reports generated or maintained by these systems. As a result of the deficiencies discussed above the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 62 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · The firm did not appropriately evaluate whether the ITGC deficiencies individually or in combination represented a material weakness. (AS 2201.62) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2201 62 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · The firm did not appropriately evaluate whether the ITGC deficiencies individually or in combination represented a material weakness. (AS 2201.62) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 62 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · The firm did not appropriately evaluate whether the ITGC deficiencies individually or in combination represented a material weakness. (AS 2201.62) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 62 The firm identified deficiencies in the information technology general controls ('ITGCs') related to security administration for the issuer's general ledger system and two of its revenue systems and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm also identified a deficiency in the ITGCs related to program maintenance over these revenue systems. The following audit deficiencies were identified: · The firm did not appropriately evaluate whether the ITGC deficiencies individually or in combination represented a material weakness. (AS 2201.62) Unrelated to our review the issuer reevaluated its controls over security administration and program maintenance ITGCs and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 For two types of revenue the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of its billing rates for authorized approval. The firm did not test or in the alternative test any controls that addressed the completeness of the report that it used to make its selections when testing this control. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 For two types of revenue the following deficiencies were identified: · The firm's substantive procedures to test this revenue consisted of recalculating the invoices it selected for testing using the billing rates in one of the revenue systems that was subject to the ITGC deficiencies discussed above. The firm did not perform sufficient substantive procedures to test or (as a result of the control testing and ITGC deficiencies discussed above) sufficiently test controls over the accuracy of these billing rates. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 For two types of revenue the following deficiencies were identified: · For one of these types of revenue the firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2301 8 For two types of revenue the following deficiencies were identified: · For this same type of revenue the firm did not perform any substantive procedures to test whether the performance obligation was satisfied before revenue was recognized. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 39 For a third type of revenue consisting of three categories the following deficiencies were identified: · The firm did not identify and test any controls over the identification and evaluation of contract terms that would affect revenue recognition. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2201 39 For a third type of revenue consisting of three categories the following deficiencies were identified: · For two categories of this revenue the firm selected for testing two controls that consisted of the (1) approval of standard billing rates and (2) review of standard billing rates after they are input into the system. The firm did not identify and test any controls over the completeness of the report the issuer used in the operation of these controls. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 1105 10 For a third type of revenue consisting of three categories the following deficiencies were identified: · For two categories of this revenue the firm selected for testing two controls that consisted of the (1) approval of standard billing rates and (2) review of standard billing rates after they are input into the system. For these two controls and two other controls the firm selected for testing over this type of revenue the firm did not test or in the alternative test any controls that addressed the completeness of certain reports it used to make its selections when testing these controls. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2201 39 For a third type of revenue consisting of three categories the following deficiencies were identified: · For one of these two categories of this revenue the issuer used external parties to provide the service for the issuer's customer. The firm selected for testing a control that included the issuer obtaining delivery reports from the external parties as evidence that the performance obligation was met. The firm did not identify and test any controls over the accuracy and completeness of certain of these reports. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2201 42 For a third type of revenue consisting of three categories the following deficiencies were identified: · For the third category of this revenue the firm selected for testing a control that consisted of the issuer's monthly review of pricing. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2201 44 For a third type of revenue consisting of three categories the following deficiencies were identified: · For the third category of this revenue the firm selected for testing a control that consisted of the issuer's monthly review of pricing. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 13 AS 1105 10 For a third type of revenue consisting of three categories the following deficiencies were identified: · The firm did not perform substantive procedures to test or (as a result of the control testing and the ITGC deficiencies discussed above) sufficiently test controls over the completeness of system-generated reports that the firm used in its substantive testing of this type of revenue. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 15 AS 2201 42 The firm selected for testing a control over the issuer's review of the allowance for doubtful accounts. The following deficiencies were identified: · The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 15 AS 2201 44 The firm selected for testing a control over the issuer's review of the allowance for doubtful accounts. The following deficiencies were identified: · The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2201 39 The firm selected for testing a control over the issuer's review of the allowance for doubtful accounts. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the reasonableness of the reserve percentage the issuer applied to certain past-due accounts receivable to determine the allowance for doubtful accounts during the operation of this control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 17 AS 2201 68 The firm selected for testing a control over the issuer's review of the allowance for doubtful accounts. The following deficiencies were identified: · While performing its substantive procedures the firm identified an error in the issuer's estimate of the allowance for doubtful accounts. As a result of this error the firm identified that an aspect of this control was deficient but concluded that the remaining aspects of the control served as a compensating control. The firm did not perform procedures to evaluate whether the remaining aspects of this control would accomplish the control's objectives. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 18 AS 2501 11 The firm did not perform substantive procedures to test or (as a result of the ITGC deficiencies discussed above) sufficiently test controls over the accuracy of certain system-generated data it used in its substantive testing of the valuation of accounts receivable. (AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 19 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the provision for income taxes including the valuation of deferred tax assets. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the valuation of deferred tax assets. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its accounting for the income tax provision and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the income tax provision and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 19 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the provision for income taxes including the valuation of deferred tax assets. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the valuation of deferred tax assets. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its accounting for the income tax provision and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the income tax provision and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 20 AS 2501 11 The issuer recorded a partial valuation allowance against recorded deferred tax assets based on an estimate of forecasted taxable income that included the expected sale of a certain asset. The firm did not evaluate whether the issuer considered all available evidence both positive and negative and the reasonableness of the issuer's weighting of that evidence as it related to the valuation of the asset held for sale. (AS 2501.11) Unrelated to our review the issuer reevaluated its accounting for the income tax provision and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the income tax provision and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 21 AS 2201 39 The firm did not identify and/or test controls related to the issuer's (1) determination of the reporting units it used in its goodwill impairment analysis and (2) assignment of assets and liabilities to its reporting units in conformity with FASB ASC Topic 350 Intangibles - Goodwill and Other. (AS 2201.39) Unrelated to our review the issuer reevaluated its accounting related to the identification of reporting units and evaluation of the possible impairment of goodwill and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over long-lived assets discussed below the issuer also reevaluated its controls over the identification of reporting units and evaluation of the possible impairment of goodwill. The issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 22 AS 2810 30 The firm did not perform substantive procedures to evaluate the appropriateness of the issuer's reporting units and the issuer's assignment of assets and liabilities to its reporting units. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting related to the identification of reporting units and evaluation of the possible impairment of goodwill and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over long-lived assets discussed below the issuer also reevaluated its controls over the identification of reporting units and evaluation of the possible impairment of goodwill. The issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 23 AS 2201 42 The issuer performed an analysis to assess the possible impairment of goodwill using a combination of the income approach and the market approach. The firm selected for testing controls that consisted of the issuer's reviews of this analysis including the significant inputs and assumptions. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the EBITDA multiples used in the market approach and the issuer's cash-flow forecast used in the income approach. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its accounting related to the identification of reporting units and evaluation of the possible impairment of goodwill and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over long-lived assets discussed below the issuer also reevaluated its controls over the identification of reporting units and evaluation of the possible impairment of goodwill. The issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 23 AS 2201 44 The issuer performed an analysis to assess the possible impairment of goodwill using a combination of the income approach and the market approach. The firm selected for testing controls that consisted of the issuer's reviews of this analysis including the significant inputs and assumptions. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the EBITDA multiples used in the market approach and the issuer's cash-flow forecast used in the income approach. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its accounting related to the identification of reporting units and evaluation of the possible impairment of goodwill and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over long-lived assets discussed below the issuer also reevaluated its controls over the identification of reporting units and evaluation of the possible impairment of goodwill. The issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 24 AS 2502 26 The forecast the issuer used in its analysis to assess the possible impairment of goodwill for one of the issuer's reporting units assumed significant revenue growth in the early years of the forecast. The firm concluded that the forecasted revenue growth rates were reasonable without performing any substantive procedures beyond inquiring of management to evaluate the issuer's ability to carry out its planned strategies to achieve the forecast. (AS 2502.26 .28 .31 and .36) Unrelated to our review the issuer reevaluated its accounting related to the identification of reporting units and evaluation of the possible impairment of goodwill and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over long-lived assets discussed below the issuer also reevaluated its controls over the identification of reporting units and evaluation of the possible impairment of goodwill. The issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 24 AS 2502 28 The forecast the issuer used in its analysis to assess the possible impairment of goodwill for one of the issuer's reporting units assumed significant revenue growth in the early years of the forecast. The firm concluded that the forecasted revenue growth rates were reasonable without performing any substantive procedures beyond inquiring of management to evaluate the issuer's ability to carry out its planned strategies to achieve the forecast. (AS 2502.26 .28 .31 and .36) Unrelated to our review the issuer reevaluated its accounting related to the identification of reporting units and evaluation of the possible impairment of goodwill and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over long-lived assets discussed below the issuer also reevaluated its controls over the identification of reporting units and evaluation of the possible impairment of goodwill. The issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 24 AS 2502 31 The forecast the issuer used in its analysis to assess the possible impairment of goodwill for one of the issuer's reporting units assumed significant revenue growth in the early years of the forecast. The firm concluded that the forecasted revenue growth rates were reasonable without performing any substantive procedures beyond inquiring of management to evaluate the issuer's ability to carry out its planned strategies to achieve the forecast. (AS 2502.26 .28 .31 and .36) Unrelated to our review the issuer reevaluated its accounting related to the identification of reporting units and evaluation of the possible impairment of goodwill and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over long-lived assets discussed below the issuer also reevaluated its controls over the identification of reporting units and evaluation of the possible impairment of goodwill. The issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 24 AS 2502 36 The forecast the issuer used in its analysis to assess the possible impairment of goodwill for one of the issuer's reporting units assumed significant revenue growth in the early years of the forecast. The firm concluded that the forecasted revenue growth rates were reasonable without performing any substantive procedures beyond inquiring of management to evaluate the issuer's ability to carry out its planned strategies to achieve the forecast. (AS 2502.26 .28 .31 and .36) Unrelated to our review the issuer reevaluated its accounting related to the identification of reporting units and evaluation of the possible impairment of goodwill and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over long-lived assets discussed below the issuer also reevaluated its controls over the identification of reporting units and evaluation of the possible impairment of goodwill. The issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 25 AS 2502 39 The forecast the issuer used in its analysis to assess the possible impairment of goodwill for one of the issuer's reporting units assumed significant revenue growth in the early years of the forecast. The firm did not perform substantive procedures to test or (as a result of the ITGC deficiencies discussed above) sufficiently test controls over the accuracy and completeness of certain system-generated data it used to test the issuer's goodwill impairment analysis. (AS 2502.39) Unrelated to our review the issuer reevaluated its accounting related to the identification of reporting units and evaluation of the possible impairment of goodwill and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over long-lived assets discussed below the issuer also reevaluated its controls over the identification of reporting units and evaluation of the possible impairment of goodwill. The issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 26 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of possible impairment indicators for its finite-lived intangible assets. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its accounting related to the identification of possible impairment indicators and evaluation of impairment of finite-lived intangible assets and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over goodwill discussed above the issuer also reevaluated its controls over the identification of possible impairment indicators and evaluation of impairment of long-lived assets. As discussed above the issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 26 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of possible impairment indicators for its finite-lived intangible assets. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its accounting related to the identification of possible impairment indicators and evaluation of impairment of finite-lived intangible assets and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over goodwill discussed above the issuer also reevaluated its controls over the identification of possible impairment indicators and evaluation of impairment of long-lived assets. As discussed above the issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 27 AS 2301 8 In performing its substantive testing of customer-relationship finite-lived intangible assets the firm did not appropriately evaluate whether the attrition of certain customers represented events that indicated the assets' carrying value may not be recoverable. (AS 2301.08) Unrelated to our review the issuer reevaluated its accounting related to the identification of possible impairment indicators and evaluation of impairment of finite-lived intangible assets and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over goodwill discussed above the issuer also reevaluated its controls over the identification of possible impairment indicators and evaluation of impairment of long-lived assets. As discussed above the issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 28 AS 2502 39 The firm did not perform substantive procedures to test or (as a result of the ITGC deficiencies discussed above) sufficiently test controls over the accuracy and completeness of certain system-generated data it used in its substantive testing of the valuation of finite-lived intangible assets. (AS 2502.39) Unrelated to our review the issuer reevaluated its accounting related to the identification of possible impairment indicators and evaluation of impairment of finite-lived intangible assets and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over goodwill discussed above the issuer also reevaluated its controls over the identification of possible impairment indicators and evaluation of impairment of long-lived assets. As discussed above the issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 29 AS 2201 42 The firm selected for testing a control that included the issuer's review of possible impairment indicators for property plant and equipment at one of the issuer's subsidiaries. The firm did not evaluate (1) whether the control was appropriately designed to identify the impairment indicators that were present and (2) the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its accounting related to the identification of possible impairment indicators and evaluation of impairment of finite-lived intangible assets and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over goodwill discussed above the issuer also reevaluated its controls over the identification of possible impairment indicators and evaluation of impairment of long-lived assets. As discussed above the issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 29 AS 2201 44 The firm selected for testing a control that included the issuer's review of possible impairment indicators for property plant and equipment at one of the issuer's subsidiaries. The firm did not evaluate (1) whether the control was appropriately designed to identify the impairment indicators that were present and (2) the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its accounting related to the identification of possible impairment indicators and evaluation of impairment of finite-lived intangible assets and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over goodwill discussed above the issuer also reevaluated its controls over the identification of possible impairment indicators and evaluation of impairment of long-lived assets. As discussed above the issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 30 AS 2301 8 In performing its substantive procedures related to the issuer's assessment of the possible impairment of this property plant and equipment the firm did not evaluate the issuer's determination that there were no indicators of potential impairment beyond inquiring of management. (AS 2301.08) Unrelated to our review the issuer reevaluated its accounting related to the identification of possible impairment indicators and evaluation of impairment of finite-lived intangible assets and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements to correct this and other material misstatements and the firm revised and reissued its report on the financial statements. In conjunction with its reevaluation of controls over goodwill discussed above the issuer also reevaluated its controls over the identification of possible impairment indicators and evaluation of impairment of long-lived assets. As discussed above the issuer concluded that a material weakness related to goodwill and long-lived assets existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the other material weaknesses discussed herein and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of new or amended customer contracts for terms and conditions that may affect revenue recognition. The firm did not evaluate the specific review procedures that the control owner performed to identify and evaluate all relevant terms and conditions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of new or amended customer contracts for terms and conditions that may affect revenue recognition. The firm did not evaluate the specific review procedures that the control owner performed to identify and evaluate all relevant terms and conditions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not perform substantive procedures to evaluate contract modifications variable consideration and equity-based incentives included in certain customer contracts when evaluating whether the issuer recognized revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer recognized revenue over time for custom products. The firm selected for testing a control that included the issuer's review of a listing of custom products for appropriate revenue recognition. The firm did not evaluate the specific procedures that the control owners performed to determine whether (1) these products had an alternative use to the issuer and (2) the issuer had an enforceable right to payment for performance completed to date for these products. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer recognized revenue over time for custom products. The firm selected for testing a control that included the issuer's review of a listing of custom products for appropriate revenue recognition. The firm did not evaluate the specific procedures that the control owners performed to determine whether (1) these products had an alternative use to the issuer and (2) the issuer had an enforceable right to payment for performance completed to date for these products. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2810 30 The firm did not perform substantive procedures to evaluate (1) whether the issuer's custom products had an alternative use to the issuer and (2) whether the issuer had an enforceable right to payment for performance completed to date when evaluating whether the issuer recognized revenue for custom products in conformity with FASB ASC Topic 606. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2810 30 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of certain required disclosures under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2810 31 The firm did not identify and evaluate the significance to the financial statements of the issuer's omission of certain required disclosures under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of the reserve for excess and obsolete inventory. The firm did not identify and test any controls over the accuracy and completeness of the system-generated reports used in the operation of this control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of the reserve for excess and obsolete inventory. The firm did not identify and test any controls that addressed the reasonableness of the sales forecast the issuer used to develop the reserve for excess and obsolete inventory. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2501 11 The firm did not perform substantive procedures to test or in the alternative test any controls over the accuracy and completeness of the system-generated reports it used to test the issuer's reserve for excess and obsolete inventory. (AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2501 11 The firm did not perform any substantive procedures to evaluate the reasonableness of the sales forecast the issuer used to develop the reserve for excess and obsolete inventory. (AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer offered various forms of sales incentives to customers that were recorded as a reduction of revenue with a corresponding liability for sales incentives earned but not yet settled. The following deficiencies were identified: · The firm did not identify and test any controls over the (1) identification and evaluation of sales incentives that may affect revenue recognition and (2) presentation and disclosure of sales incentives in the financial statements. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 The issuer offered various forms of sales incentives to customers that were recorded as a reduction of revenue with a corresponding liability for sales incentives earned but not yet settled. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to identify and evaluate the issuer's sales incentive programs because the firm's procedures consisted of (1) inquiring of certain issuer personnel about the population of sales incentives; (2) performing analytical procedures which as designed did not provide sufficient appropriate audit evidence; and (3) selecting a sample of the issuer's sales incentive programs and tracing them to the issuer's sales incentive accrual without performing any procedures to test the accuracy and completeness of the population of sales incentive programs from which the sample was selected. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 30 The issuer offered various forms of sales incentives to customers that were recorded as a reduction of revenue with a corresponding liability for sales incentives earned but not yet settled. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate the appropriateness of the issuer's (1) presentation of accrued sales incentives as a liability and (2) disclosures related to sales incentives in order to evaluate whether the issuer's presentation and disclosures conformed with GAAP. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 31 The issuer offered various forms of sales incentives to customers that were recorded as a reduction of revenue with a corresponding liability for sales incentives earned but not yet settled. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate the appropriateness of the issuer's (1) presentation of accrued sales incentives as a liability and (2) disclosures related to sales incentives in order to evaluate whether the issuer's presentation and disclosures conformed with GAAP. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 2201 42 The firm selected for testing a control that included the issuer's reviews of analyses of the possible impairment of goodwill and indefinite-lived intangible assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain inputs and assumptions the issuer used in these analyses. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 4 AS 2201 42 The firm selected for testing a control that included the issuer's reviews of analyses of the possible impairment of goodwill and indefinite-lived intangible assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain inputs and assumptions the issuer used in these analyses. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 2201 44 The firm selected for testing a control that included the issuer's reviews of analyses of the possible impairment of goodwill and indefinite-lived intangible assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain inputs and assumptions the issuer used in these analyses. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 4 AS 2201 44 The firm selected for testing a control that included the issuer's reviews of analyses of the possible impairment of goodwill and indefinite-lived intangible assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain inputs and assumptions the issuer used in these analyses. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 2201 39 The firm did not identify and test any controls that addressed whether corporate assets and liabilities were appropriately allocated to the issuer's reporting units. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 5 AS 2201 39 The firm did not identify and test any controls that addressed whether corporate assets and liabilities were appropriately allocated to the issuer's reporting units. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 2301 8 The firm did not perform sufficient substantive procedures to evaluate whether corporate assets and liabilities were appropriately allocated to the issuer's reporting units because its procedures were limited to reading the general ledger descriptions for the unallocated corporate assets and liabilities. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 6 AS 2301 8 The firm did not perform sufficient substantive procedures to evaluate whether corporate assets and liabilities were appropriately allocated to the issuer's reporting units because its procedures were limited to reading the general ledger descriptions for the unallocated corporate assets and liabilities. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The firm did not identify and test any controls that addressed whether inventory items held at certain warehouses owned by external parties were counted with sufficient frequency. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2502 26 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate the reasonableness of the period of cash flows the issuer used to determine the fair value of customer-relationship intangible assets because the firm did not evaluate differences among the period of cash flows the useful lives that the issuer used to amortize such assets and the length of the issuer's historical customer relationships. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2502 28 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate the reasonableness of the period of cash flows the issuer used to determine the fair value of customer-relationship intangible assets because the firm did not evaluate differences among the period of cash flows the useful lives that the issuer used to amortize such assets and the length of the issuer's historical customer relationships. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2502 31 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate the reasonableness of the period of cash flows the issuer used to determine the fair value of customer-relationship intangible assets because the firm did not evaluate differences among the period of cash flows the useful lives that the issuer used to amortize such assets and the length of the issuer's historical customer relationships. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2502 36 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not perform sufficient substantive procedures to evaluate the reasonableness of the period of cash flows the issuer used to determine the fair value of customer-relationship intangible assets because the firm did not evaluate differences among the period of cash flows the useful lives that the issuer used to amortize such assets and the length of the issuer's historical customer relationships. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 26 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not perform substantive procedures beyond reading a small number of customer contracts to evaluate the reasonableness of certain other assumptions underlying these cash flow forecasts including customer attrition rates for one of these acquisitions. (AS 2502.26 and .28) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 28 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not perform substantive procedures beyond reading a small number of customer contracts to evaluate the reasonableness of certain other assumptions underlying these cash flow forecasts including customer attrition rates for one of these acquisitions. (AS 2502.26 and .28) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 1105 10 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · For one of these business combinations the firm did not perform substantive procedures to test the accuracy and completeness of the historical data it used to evaluate the reasonableness of the revenue growth-rate assumptions beyond vouching amounts to unaudited financial information and reading certain customer contracts. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2502 26 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · For one of these business combinations the firm did not perform substantive procedures to test the accuracy and completeness of the historical data it used to evaluate the reasonableness of the revenue growth-rate assumptions beyond vouching amounts to unaudited financial information and reading certain customer contracts. (AS 1105.10) In addition the firm did not evaluate the appropriateness of the peer companies the firm used in its evaluation of the reasonableness of the forecasted revenue. (AS 2502.26 and .28) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2502 28 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · For one of these business combinations the firm did not perform substantive procedures to test the accuracy and completeness of the historical data it used to evaluate the reasonableness of the revenue growth-rate assumptions beyond vouching amounts to unaudited financial information and reading certain customer contracts. (AS 1105.10) In addition the firm did not evaluate the appropriateness of the peer companies the firm used in its evaluation of the reasonableness of the forecasted revenue. (AS 2502.26 and .28) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 5 AS 2810 30 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · For one of these business combinations the firm identified the issuer's omission of certain pro forma disclosures that were required under FASB ASC Topic 805 Business Combinations but did not evaluate the significance of the omitted disclosures from the notes to the financial statements. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations 5 AS 2810 31 During the year the issuer acquired multiple businesses and determined the fair value of the acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · For one of these business combinations the firm identified the issuer's omission of certain pro forma disclosures that were required under FASB ASC Topic 805 Business Combinations but did not evaluate the significance of the omitted disclosures from the notes to the financial statements. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Journal Entries 6 AS 2401 61 The firm identified fraud risks related to the potential for management override of controls and undisclosed related party transactions. To address these fraud risks the firm identified manual journal entries that met certain criteria but it inspected the supporting documentation for only a small number of those journal entries without having a basis for limiting its testing to these journal entries. For the remaining journal entries that met these criteria the firm limited its procedures to inquiring of management and/or evaluating the journal entry descriptions. (AS 2401.61) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm identified a significant deficiency in certain ITGCs over source code change management for the system that the issuer used to process revenue. The issuer implemented a control intended to mitigate the significant deficiency. This control consisted of the issuer's review of a report of source code changes to the system. The firm did not identify and test any controls over the accuracy and completeness of this report. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing various automated controls over the recording of revenue related to loans receivable. The firm designed its procedures including its sample sizes to test the operating effectiveness of these automated controls based on effective ITGCs. As a result of the ITGC deficiency discussed above these sample sizes were too small to provide sufficient appropriate audit evidence. (AS 2201.44) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls over the review of distributor and dealer arrangements to determine that relevant terms and conditions were identified and evaluated for appropriate revenue recognition. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not perform sufficient substantive procedures to evaluate the issuer's identification of performance obligations in conformity with FASB ASC Topic 606 because it did not identify and evaluate certain relevant terms and conditions in the distributor and dealer arrangements that could affect revenue recognition. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2019 United States Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 With respect to the firm's substantive testing of one type of revenue the firm did not perform any procedures to test or in the alternative test any controls that addressed the accuracy and completeness of certain system-generated reports used in its testing. (AS 1105.10) Triennially Inspected 647 Causey Demgen & Moore P.C. 2019 United States 2020-12-17T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Significant Account 1 AS 2301 8 The firm did not test whether all criteria for recognition were met. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The issuer developed the qualitative component of the general reserve of the ALL by applying certain qualitative factors to each of its classes of loans. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the ALL including the development and review of the qualitative factors. In evaluating the design of this control the firm did not assess the effect of the same individuals both developing and reviewing the qualitative factors. (AS 2201.42) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 42 The issuer developed the qualitative component of the general reserve of the ALL by applying certain qualitative factors to each of its classes of loans. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the ALL including the development and review of the qualitative factors. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 44 The issuer developed the qualitative component of the general reserve of the ALL by applying certain qualitative factors to each of its classes of loans. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the ALL including the development and review of the qualitative factors. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2501 7 The issuer developed the qualitative component of the general reserve of the ALL by applying certain qualitative factors to each of its classes of loans. The following deficiencies were identified: · With respect to the firm's substantive procedures to test the qualitative component of the reserve the firm did not evaluate the reasonableness of certain adjustments that the issuer made to the qualitative factors beyond reading the issuer's ALL memorandum and comparing the current year's general reserve to the prior year's. (AS 2501.07) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used an information technology ('IT') application to record revenue and inventory. The firm selected for testing certain automated and IT-dependent manual controls over revenue and inventory that used information generated or maintained by this application. The accuracy and completeness of this information depended on effective IT general controls ('ITGCs'). The firm's testing of ITGCs was not sufficient because it did not identify and test a complete population of operating system changes that could potentially affect change management controls over the application. As a result the firm's testing of the automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an information technology ('IT') application to record revenue and inventory. The firm selected for testing certain automated and IT-dependent manual controls over revenue and inventory that used information generated or maintained by this application. The accuracy and completeness of this information depended on effective IT general controls ('ITGCs'). The firm's testing of ITGCs was not sufficient because it did not identify and test a complete population of operating system changes that could potentially affect change management controls over the application. As a result the firm's testing of the automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2305 16 The firm's substantive procedures to test revenue included analytical procedures. The firm used the information generated from this revenue application to develop its expectations but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this information. (AS 2305.16) Annually Inspected 659 Moss Adams LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Notes Receivable 1 AS 2810 30 The issuer held a note receivable from a related party that was collateralized by shares of the issuer's stock and guaranteed by other parties. The issuer recognized interest payments received from the borrower as income. On various occasions the issuer extended the maturity date and modified certain payment terms rather than enforcing the guarantees by either requiring the (1) redemption of the collateral or (2) repayment of the receivable when it was due and payable. The firm did not identify and appropriately address that the issuer's accounting treatment for the receivable and related interest payments was not in conformity with FASB ASC Topic 310 Receivables. (AS 2810.30) Unrelated to our review the issuer reevaluated its accounting for the receivable and related interest payments and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently restated its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over the note receivable and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness. Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2810 30 The firm did not perform any procedures to evaluate (1) the terms and conditions of an arrangement under which the issuer recorded revenue and which involved other participants and a counterparty including the method used by the counterparty to allocate consideration to the issuer and other participants and (2) whether the revenue the issuer recognized under this arrangement was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 4 The firm used certain information obtained from the issuer and from outside sources in its substantive testing of revenue but did not perform any procedures to evaluate whether this information was reliable accurate and complete. (AS 1105.04 .06 and .10) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 6 The firm used certain information obtained from the issuer and from outside sources in its substantive testing of revenue but did not perform any procedures to evaluate whether this information was reliable accurate and complete. (AS 1105.04 .06 and .10) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm used certain information obtained from the issuer and from outside sources in its substantive testing of revenue but did not perform any procedures to evaluate whether this information was reliable accurate and complete. (AS 1105.04 .06 and .10) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment 3 AS 2301 8 To evaluate an investment for potential impairment the firm used information related to transactions involving the investee's stock. The firm did not perform any procedures beyond inquiring of management of the investee to test whether this information was reliable and accurate. Further when determining whether the issuer's conclusion that the investment was not impaired was reasonable the firm did not evaluate potential impairment indicators including (1) the investee's negative operating results unsuccessful attempt to raise capital and workforce reduction shortly after year end and (2) a significant decline in the value of certain assets that were important to the issuer's and the investee's operations. (AS 2301.08; AS 2810.03) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment 3 AS 2810 3 To evaluate an investment for potential impairment the firm used information related to transactions involving the investee's stock. The firm did not perform any procedures beyond inquiring of management of the investee to test whether this information was reliable and accurate. Further when determining whether the issuer's conclusion that the investment was not impaired was reasonable the firm did not evaluate potential impairment indicators including (1) the investee's negative operating results unsuccessful attempt to raise capital and workforce reduction shortly after year end and (2) a significant decline in the value of certain assets that were important to the issuer's and the investee's operations. (AS 2301.08; AS 2810.03) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 For one type of revenue the issuer's system generated customer invoices and recorded revenue once the issuer processed invoices from the manufacturer of its products indicating that customer orders had been completed and shipped. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of support for revenue transactions. In testing the operating effectiveness of this control the firm did not test the aspect related to whether the manufacturer's invoices processed by the issuer were consistent with the customers' orders. (AS 2201.44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 34 For one type of revenue the issuer's system generated customer invoices and recorded revenue once the issuer processed invoices from the manufacturer of its products indicating that customer orders had been completed and shipped. The following deficiencies were identified: · The firm selected for testing an automated control over the generation of a customer invoice and the recording of revenue once the manufacturer's invoice was processed in the issuer's system. The firm did not obtain an understanding of how the issuer's system was configured to initiate process and record revenue transactions. As a result the firm did not test the configuration of this control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.34 .42 and 44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 For one type of revenue the issuer's system generated customer invoices and recorded revenue once the issuer processed invoices from the manufacturer of its products indicating that customer orders had been completed and shipped. The following deficiencies were identified: · The firm selected for testing an automated control over the generation of a customer invoice and the recording of revenue once the manufacturer's invoice was processed in the issuer's system. The firm did not obtain an understanding of how the issuer's system was configured to initiate process and record revenue transactions. As a result the firm did not test the configuration of this control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.34 .42 and 44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 For one type of revenue the issuer's system generated customer invoices and recorded revenue once the issuer processed invoices from the manufacturer of its products indicating that customer orders had been completed and shipped. The following deficiencies were identified: · The firm selected for testing an automated control over the generation of a customer invoice and the recording of revenue once the manufacturer's invoice was processed in the issuer's system. The firm did not obtain an understanding of how the issuer's system was configured to initiate process and record revenue transactions. As a result the firm did not test the configuration of this control or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.34 .42 and 44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 For one type of revenue the issuer's system generated customer invoices and recorded revenue once the issuer processed invoices from the manufacturer of its products indicating that customer orders had been completed and shipped. The following deficiencies were identified: · The firm selected for testing a control over manually recorded period-end adjustments to reverse revenue for shipped products that had not been delivered to the issuer's customers by the end of the period. The firm did not identify and test any controls over the accuracy and completeness of the delivery dates obtained from the manufacturer that the control owners used to determine whether adjustments were necessary. (AS 2201.39) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 For two other types of revenue the issuer recognized revenue monthly based on sales reported by external parties. The firm selected for testing controls that consisted of the issuer's reviews of the reasonableness of the sales reported by these external parties. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 For two other types of revenue the issuer recognized revenue monthly based on sales reported by external parties. The firm selected for testing controls that consisted of the issuer's reviews of the reasonableness of the sales reported by these external parties. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 The firm used the sales reported by the external parties in its substantive testing of this revenue but did not perform any procedures to test or (as discussed above) sufficiently test controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 The firm selected for testing controls that consisted of the issuer's reviews of the allowance for doubtful accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 The firm selected for testing controls that consisted of the issuer's reviews of the allowance for doubtful accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 39 The firm selected for testing controls that consisted of the issuer's reviews of the allowance for doubtful accounts. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the performance of these controls. (AS 2201.39) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 8 AS 2201 42 The firm selected for testing controls that consisted of the issuer's review of income tax accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 8 AS 2201 44 The firm selected for testing controls that consisted of the issuer's review of income tax accounts. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 39 The firm did not identify and test any controls over information that the issuer manually entered into the revenue systems and used to record service revenue and deferred revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls over information that the issuer manually entered into the revenue systems and used to record service revenue and deferred revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 62 The firm identified control deficiencies related to controls over the review and approval of program changes for one of the issuer's revenue systems but did not evaluate the severity of these deficiencies. (AS 2201.62) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 62 The firm identified control deficiencies related to controls over the review and approval of program changes for one of the issuer's revenue systems but did not evaluate the severity of these deficiencies. (AS 2201.62) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 42 The firm selected for testing controls over the issuer's reviews of transaction reports and the resulting monthly journal entries used to record service revenue and deferred revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing controls over the issuer's reviews of transaction reports and the resulting monthly journal entries used to record service revenue and deferred revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 44 The firm selected for testing controls over the issuer's reviews of transaction reports and the resulting monthly journal entries used to record service revenue and deferred revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing controls over the issuer's reviews of transaction reports and the resulting monthly journal entries used to record service revenue and deferred revenue. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 1105 10 The firm used the information manually entered into the revenue systems in its substantive testing of this revenue but did not perform any procedures to test or (as discussed above) sufficiently test controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The firm used the information manually entered into the revenue systems in its substantive testing of this revenue but did not perform any procedures to test or (as discussed above) sufficiently test controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies PP&E 5 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of cash disbursements including whether those disbursements met the criteria to be capitalized. The firm did not perform any procedures beyond inquiring of management to test the aspect of this control related to the control owner's evaluation of whether disbursements were properly capitalized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies PP&E 5 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of cash disbursements including whether those disbursements met the criteria to be capitalized. The firm did not perform any procedures beyond inquiring of management to test the aspect of this control related to the control owner's evaluation of whether disbursements were properly capitalized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies PP&E 6 AS 1105 27 To substantively test P&E additions the firm selected for testing additions that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of P&E additions. (AS 1105.27) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer used two service organizations for custody record keeping and the processing of investment transactions and those service organizations used sub-service organizations for certain functions. The service auditors' reports did not address the controls over the sub-service organizations. The firm did not obtain an understanding of and test any controls at the sub-service organizations that were relevant to the issuer. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 B19 The issuer used two service organizations for custody record keeping and the processing of investment transactions and those service organizations used sub-service organizations for certain functions. The service auditors' reports did not address the controls over the sub-service organizations. The firm did not obtain an understanding of and test any controls at the sub-service organizations that were relevant to the issuer. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 B22 The firm selected for testing a complementary user control that consisted of monthly cash and investment reconciliations but did not test the aspect of this control related to investments. (AS 2201.B22) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2201 39 The firm selected for testing a complementary user control that consisted of monthly balance sheet reconciliations. The firm did not identify and test any controls over the accuracy and completeness of the investment statements from the sub-service organizations that the control owners used in the performance of this control. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2201 B19 The firm selected for testing a complementary user control that consisted of monthly balance sheet reconciliations. The firm did not identify and test any controls over the accuracy and completeness of the investment statements from the sub-service organizations that the control owners used in the performance of this control. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2502 15 The firm did not perform any substantive procedures to test the valuation of investments. (AS 2502.15) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Stock-Based Compensation 5 AS 2201 39 The issuer granted stock options as payment for services and during the year changed service organizations that it used to value the options. One of the service organizations developed certain assumptions that it used in the valuation of certain options. The firm did not identify and test any controls over the reasonableness of these assumptions. (AS 2201.39) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Stock-Based Compensation 6 AS 2201 42 The firm selected for testing controls that consisted of the issuer's reviews of (1) journal entries to record certain stock-based compensation expense (2) quarterly adjustments to certain stock-based compensation expense and (3) disclosures regarding the assumptions used to determine the fair value of certain stock options. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Stock-Based Compensation 6 AS 2201 44 The firm selected for testing controls that consisted of the issuer's reviews of (1) journal entries to record certain stock-based compensation expense (2) quarterly adjustments to certain stock-based compensation expense and (3) disclosures regarding the assumptions used to determine the fair value of certain stock options. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Stock-Based Compensation 7 AS 2201 42 An individual involved in the operation of each of the controls discussed above either as a preparer or control owner had privileged access to the service organizations' systems that provided this individual with the ability to make changes to data in those systems. The firm did not identify and evaluate the effect of this individual's access on its conclusions that the relevant controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Stock-Based Compensation 7 AS 2201 44 An individual involved in the operation of each of the controls discussed above either as a preparer or control owner had privileged access to the service organizations' systems that provided this individual with the ability to make changes to data in those systems. The firm did not identify and evaluate the effect of this individual's access on its conclusions that the relevant controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A E No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 The firm did not identify and test any controls other than certain cut-off controls over the issuer's revenue transactions for certain types of revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2019 United States 2020-12-17T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The issuer recognized revenue from a contract with a new customer. The firm did not sufficiently evaluate whether collectability of substantially all of the consideration was probable at contract inception because its procedures were limited to inquiring of management and reading an issuer-prepared memorandum. (AS 2301.08) Triennially Inspected 1121 Chapman, Hext & Co., P.C. 2019 United States 2020-12-17T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investments 1 AS 2502 15 The firm did not perform procedures to test the fair values of certain of the issuer's investments. (AS 2502.15) Triennially Inspected 1375 Fahn Kanne & Co. 2019 Israel Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Business Combination 1 AS 2201 42 During the year the issuer completed a business combination and determined the fair value of the acquired intangible assets using several assumptions. The firm selected for testing a control that included management's review of the fair value of the acquired intangible assets. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the assumptions. (AS 2201.42 and .44) Triennially Inspected 1375 Fahn Kanne & Co. 2019 Israel Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Business Combination 1 AS 2301 44 During the year the issuer completed a business combination and determined the fair value of the acquired intangible assets using several assumptions. The firm selected for testing a control that included management's review of the fair value of the acquired intangible assets. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the assumptions. (AS 2201.42 and .44) Triennially Inspected 1375 Fahn Kanne & Co. 2019 Israel Grant Thornton International Limited 2020-12-17T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Business Combination 2 AS 2201 B8 In addition as a result of the firm's testing performed in the audit of the issuer's financial statements the firm identified modifications to certain assumptions used by the issuer to determine the fair value of the acquired intangible assets. The firm did not evaluate the effect of these modifications identified in its substantive audit procedures on its conclusions regarding the design and operating effectiveness of this control. (AS 2201.B8) Triennially Inspected 2398 Moody, Famiglietti & Andronico, LLP 2019 United States 2020-12-17T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2510 14 The issuer held certain inventory at a public warehouse. The firm did not perform sufficient procedures to test the existence of this inventory because it limited its procedures to confirming the quantities of this inventory with the public warehouse. (AS 2510.14) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized certain revenue based on quantity and specified rates. The following deficiencies were identified: · The firm selected for testing a control over the completeness of reported quantities that consisted of management's comparison of the quantity reported by customers to information provided by external parties. The firm did not identify and test any controls over the relevance and reliability of the information provided by the external parties that was used in this control. (AS 2201.39) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer recognized certain revenue based on quantity and specified rates. The following deficiencies were identified: · The firm used the quantities reported by the issuer's customers in its procedures to test this revenue. The firm did not test or in the alternative (as discussed above) sufficiently test the control over the completeness of this data. (AS 1105.10) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The issuer recognized certain revenue based on quantity and specified rates. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The issuer recognized certain revenue based on quantity and specified rates. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The issuer recognized certain revenue based on quantity and specified rates. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The issuer recognized certain revenue based on quantity and specified rates. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer recognized certain revenue based on quantity and specified rates. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer recognized certain revenue based on quantity and specified rates. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 4 AS 2201 42 The firm selected for testing a control over the allowance for doubtful accounts that included management's review of the aging of accounts receivable and the calculations of the allowance. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Doubtful Accounts 4 AS 2201 44 The firm selected for testing a control over the allowance for doubtful accounts that included management's review of the aging of accounts receivable and the calculations of the allowance. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 2201 42 The issuer engaged an external specialist to perform its annual goodwill impairment analysis. The analysis included projected cash flows for four revenue categories provided by the issuer and assumptions developed by the specialist. The following deficiencies were identified: · The firm selected for testing a control that consisted of management's review of the annual goodwill impairment analysis prepared by the specialist. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 2201 44 The issuer engaged an external specialist to perform its annual goodwill impairment analysis. The analysis included projected cash flows for four revenue categories provided by the issuer and assumptions developed by the specialist. The following deficiencies were identified: · The firm selected for testing a control that consisted of management's review of the annual goodwill impairment analysis prepared by the specialist. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 2201 39 The issuer engaged an external specialist to perform its annual goodwill impairment analysis. The analysis included projected cash flows for four revenue categories provided by the issuer and assumptions developed by the specialist. The following deficiencies were identified: · The firm selected for testing a control that consisted of management's review of the annual goodwill impairment analysis prepared by the specialist. The firm did not identify and test any controls over the preparation of the projected cash flows that were provided to the specialist. (AS 2201.39) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 7 AS 1210 12 The issuer engaged an external specialist to perform its annual goodwill impairment analysis. The analysis included projected cash flows for four revenue categories provided by the issuer and assumptions developed by the specialist. The following deficiencies were identified: · The firm did not sufficiently test the projected cash flows provided to the specialist because its procedures were limited to inquiring of management and comparing the projected cash flows for one revenue category to another company's historical revenue without performing procedures to evaluate whether that company's historical results would be representative of the issuer's future results. (AS 1210.12) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 8 AS 2201 42 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm selected for testing a control that included management's review of certain assumptions used in the valuations. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 8 AS 2201 44 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm selected for testing a control that included management's review of certain assumptions used in the valuations. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 9 AS 2201 39 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm selected for testing a control that included management's review of certain assumptions used in the valuations. The firm did not identify and test any controls over the preparation of the financial projections that were provided to the specialist. (AS 2201.39) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 10 AS 1210 12 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm did not sufficiently evaluate the sales forecast that was provided to the specialist to value the trade name and customer relationship intangible assets because its procedures were limited to inquiring of management and comparing the forecast to the issuer's historical financial information without performing procedures to evaluate whether the issuer's historical growth rates would be representative of the issuer's future sales growth. (AS 1210.12) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 2502 26 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the royalty rate that the specialist used to value the trade name intangible assets because its procedures were limited to comparing the assumptions to industry information obtained by the specialist without evaluating the relevance and reliability of the source of that information. (AS 2502.26 .28 and .31) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 2502 28 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the royalty rate that the specialist used to value the trade name intangible assets because its procedures were limited to comparing the assumptions to industry information obtained by the specialist without evaluating the relevance and reliability of the source of that information. (AS 2502.26 .28 and .31) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 2502 31 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of the royalty rate that the specialist used to value the trade name intangible assets because its procedures were limited to comparing the assumptions to industry information obtained by the specialist without evaluating the relevance and reliability of the source of that information. (AS 2502.26 .28 and .31) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 12 AS 2502 26 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm did not evaluate whether the attrition rates that the specialist used to value the customer relationships intangible assets reflected (1) future retention of the issuer's long-term relationships with its largest customers and (2) those customers' proportionate share of historical sales. (AS 2502.26 .28 and .31) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 12 AS 2502 28 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm did not evaluate whether the attrition rates that the specialist used to value the customer relationships intangible assets reflected (1) future retention of the issuer's long-term relationships with its largest customers and (2) those customers' proportionate share of historical sales. (AS 2502.26 .28 and .31) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 12 AS 2502 31 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm did not evaluate whether the attrition rates that the specialist used to value the customer relationships intangible assets reflected (1) future retention of the issuer's long-term relationships with its largest customers and (2) those customers' proportionate share of historical sales. (AS 2502.26 .28 and .31) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 13 AS 1210 12 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain assumptions that the issuer provided to the specialist that the specialist used to estimate the fair value of other acquired intangible assets. (AS 1210.12) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 14 AS 2810 30 During the year the issuer acquired certain businesses and engaged an external specialist to estimate the fair values of the acquired intangible assets. The issuer provided the specialist with financial projections and other data that were used in the valuations. The following deficiencies were identified: · The firm did not evaluate the issuer's conclusion that separately identifiable intangible assets did not exist related to the revenue expected to be derived from the existing user base of each acquired business in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The firm selected for testing certain automated controls that were designed to recognize one type of service revenue once certain information was manually entered into the issuer's system. The firm did not identify and test any controls over the accuracy and completeness of the information that was manually entered into the issuer's system. (AS 2201.39) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The firm selected for testing a control that included management's review of billing information for the service revenue discussed above. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The firm selected for testing a control that included management's review of billing information for the service revenue discussed above. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The firm did not identify and test any controls over another type of service revenue. (AS 2201.39) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The firm selected a sample of invoices to perform its substantive testing of both types of service revenue. For certain of the items selected the firm compared the invoice to a system-generated activity report of service by customer to determine whether the service had been provided in accordance with the customer's order specifications. The firm did not test or in the alternative test controls over the accuracy and completeness of the activity report. (AS 1105.10) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 25 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The firm selected a sample of invoices to perform its substantive testing of both types of service revenue. For the remaining items selected the system-generated activity report was not relevant to determining whether the service had been provided as it was a different type of service and the firm did not otherwise obtain support to test the occurrence of revenue for these selections. (AS 2315.25) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 16 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test both types of service revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 18 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test both types of service revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 37 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test both types of service revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 19 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test both types of service revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23 The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test both types of service revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23A The issuer recognized revenue from services provided to customers based on certain agreed-upon specifications (“service revenue”). The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test both types of service revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 68 The issuer also recognized revenue from fees associated with granting certain rights to its customers (“contract revenue”). The firm identified a control deficiency over this revenue related to a lack of segregation of duties and concluded that it was a significant deficiency based on the firm's testing of compensating controls that included management's review of contract revenue and financial reporting checklists. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.68) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 8 AS 2502 26 During the year the issuer acquired certain businesses and engaged an external specialist to perform a valuation of the acquired intangible assets. The specialist determined that certain acquired agreements with the issuer's affiliates had no value. The firm did not sufficiently evaluate the reasonableness of the conclusions reached by the specialist because its procedures were limited to verifying that the issuer's accounting treatment was consistent with (1) the accounting treatment used in prior business combinations and (2) certain audit evidence from more than ten years prior to the current year's acquisitions. (AS 2502.26 .28 and .31) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 8 AS 2502 28 During the year the issuer acquired certain businesses and engaged an external specialist to perform a valuation of the acquired intangible assets. The specialist determined that certain acquired agreements with the issuer's affiliates had no value. The firm did not sufficiently evaluate the reasonableness of the conclusions reached by the specialist because its procedures were limited to verifying that the issuer's accounting treatment was consistent with (1) the accounting treatment used in prior business combinations and (2) certain audit evidence from more than ten years prior to the current year's acquisitions. (AS 2502.26 .28 and .31) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 8 AS 2502 31 During the year the issuer acquired certain businesses and engaged an external specialist to perform a valuation of the acquired intangible assets. The specialist determined that certain acquired agreements with the issuer's affiliates had no value. The firm did not sufficiently evaluate the reasonableness of the conclusions reached by the specialist because its procedures were limited to verifying that the issuer's accounting treatment was consistent with (1) the accounting treatment used in prior business combinations and (2) certain audit evidence from more than ten years prior to the current year's acquisitions. (AS 2502.26 .28 and .31) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Asset Retirement Obligations 1 AS 2201 39 The issuer used an information technology (“IT”) application to initiate process and record revenue. This IT application also generated information that the issuer used to estimate the ARO. The firm did not identify and test any controls over the accuracy of customer information that was manually entered into the application. (AS 2201.39) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used an information technology (“IT”) application to initiate process and record revenue. This IT application also generated information that the issuer used to estimate the ARO. The firm did not identify and test any controls over the accuracy of customer information that was manually entered into the application. (AS 2201.39) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm selected for testing controls that consisted of management's review of system-generated reports used to recognize revenue. The firm did not test beyond inquiry any controls that addressed the accuracy and completeness of these system-generated reports used in the performance of these controls. (AS 2201.39) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2305 16 The firm did not test or in the alternative test controls over the accuracy and completeness of data the firm used to develop the expectation used in the performance of its substantive analytical procedures to test revenue. (AS 2305.16) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Asset Retirement Obligations 4 AS 2201 39 The firm selected for testing controls that consisted of management's review of system-generated reports used to recognize ARO. The firm did not test beyond inquiry any controls that addressed the accuracy and completeness of these system-generated reports used in the performance of these controls. (AS 2201.39) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 68 The firm concluded that a control over the loan officers' annual credit review (“ACR”) of the reasonableness of assigned loan grades was deficient because certain of the ACRs were not completed as of the end of the year for commercial loan relationships. The firm concluded that it represented a significant deficiency after determining the percentage of noncompliance of ACRs and identifying and testing two compensating controls that consisted of a credit monitoring (“CM”) control and an independent loan review over certain commercial loan relationships. The firm did not sufficiently evaluate the severity of the control deficiency due to the following: · The firm used the work of internal audit (“IA”) to test the CM control. The firm did not evaluate IA's identification of several instances in which borrower financial information obtained for use in the CM control was not analyzed by the control owners. (AS 2201.68) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 68 The firm concluded that a control over the loan officers' annual credit review (“ACR”) of the reasonableness of assigned loan grades was deficient because certain of the ACRs were not completed as of the end of the year for commercial loan relationships. The firm concluded that it represented a significant deficiency after determining the percentage of noncompliance of ACRs and identifying and testing two compensating controls that consisted of a credit monitoring (“CM”) control and an independent loan review over certain commercial loan relationships. The firm did not sufficiently evaluate the severity of the control deficiency due to the following: · The firm selected loan relationships which had ACRs and independently tested the CM control. The firm did not perform procedures to determine whether the CM control operated for the selected loans after the ACRs were performed which would be the only way this compensating control could have mitigated the ACR deficiency identified. (AS 2201.68) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 68 The firm concluded that a control over the loan officers' annual credit review (“ACR”) of the reasonableness of assigned loan grades was deficient because certain of the ACRs were not completed as of the end of the year for commercial loan relationships. The firm concluded that it represented a significant deficiency after determining the percentage of noncompliance of ACRs and identifying and testing two compensating controls that consisted of a credit monitoring (“CM”) control and an independent loan review over certain commercial loan relationships. The firm did not sufficiently evaluate the severity of the control deficiency due to the following: · The firm did not test whether the CM control operated effectively over the population of loans for which a required ACR was not performed. (AS 2201.68) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 68 The firm concluded that a control over the loan officers' annual credit review (“ACR”) of the reasonableness of assigned loan grades was deficient because certain of the ACRs were not completed as of the end of the year for commercial loan relationships. The firm concluded that it represented a significant deficiency after determining the percentage of noncompliance of ACRs and identifying and testing two compensating controls that consisted of a credit monitoring (“CM”) control and an independent loan review over certain commercial loan relationships. The firm did not sufficiently evaluate the severity of the control deficiency due to the following: · The sample size the firm used to test the second compensating control was designed assuming a certain level of evidence the firm planned to obtain from testing the ACR control over assigned loan grades. Due to the identified control deficiency in the ACR control the ACR control tested did not provide the planned level of evidence. As a result the sample size the firm used to test the second compensating control was too small to provide the necessary evidence about its operating effectiveness. (AS 2201.68) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test the ALL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test the ALL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test the ALL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test the ALL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test the ALL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test the ALL were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The issuer's ALL included a general reserve comprised of a quantitative component related to historical losses and a qualitative component related to various environmental factors. The firm selected for testing controls over the ALL that consisted of management's and a committee's review and approval of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions used to determine the qualitative component of the ALL. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The issuer's ALL included a general reserve comprised of a quantitative component related to historical losses and a qualitative component related to various environmental factors. The firm selected for testing controls over the ALL that consisted of management's and a committee's review and approval of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions used to determine the qualitative component of the ALL. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Business Combinations 2 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing a control that consisted of management's review of the assumptions and related supporting documentation used in the valuation of assets acquired and liabilities assumed. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2018 United States 2020-10-05T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Business Combinations 2 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing a control that consisted of management's review of the assumptions and related supporting documentation used in the valuation of assets acquired and liabilities assumed. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 1 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of reports that the issuer used in the performance of various controls that the firm tested over deposit liabilities. (AS 2201.39) Annually Inspected 173 Crowe LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 173 Crowe LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 206 MaloneBailey, LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2502 26 During the year the issuer acquired multiple businesses and used an external specialist to determine the fair values of the assets acquired and the liabilities assumed. The firm's approach for testing these fair values was to review and test management's process. The firm did not evaluate the reasonableness of assumptions used by the specialist to determine the fair values of the assets acquired and the liabilities assumed. (AS 2502.26 and .28) Annually Inspected 206 MaloneBailey, LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2502 28 During the year the issuer acquired multiple businesses and used an external specialist to determine the fair values of the assets acquired and the liabilities assumed. The firm's approach for testing these fair values was to review and test management's process. The firm did not evaluate the reasonableness of assumptions used by the specialist to determine the fair values of the assets acquired and the liabilities assumed. (AS 2502.26 and .28) Annually Inspected 206 MaloneBailey, LLP 2018 United States 2020-08-05T00:00:00 Part I.A B No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm did not perform any procedures to test or in the alternative test any controls over the accuracy and completeness of system-generated reports used in its substantive testing of certain revenue transactions. (AS 1105.10) Annually Inspected 206 MaloneBailey, LLP 2018 United States 2020-08-05T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2501 11 The issuer's products had expiration dates and the issuer determined that a reserve for excess or obsolete inventory was not necessary. In its testing of the process including assumptions used by management to evaluate the need for an inventory reserve the firm did not evaluate whether the issuer's products could be sold at or above cost prior to their expiration dates. (AS 2501.11) Annually Inspected 206 MaloneBailey, LLP 2018 United States 2020-08-05T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2501 11 The issuer's products consisted of various categories and each category included numerous individual parts. The issuer determined that a reserve for excess or obsolete inventory was not necessary. In its testing of the process including assumptions used by management to evaluate the need for a reserve for excess and obsolete inventory the firm only performed procedures at the product level and did not consider individual parts for excess quantities or obsolescence. (AS 2501.11) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2201 34 The firm did not perform sufficient procedures to obtain the necessary understanding of the flow of transactions within the revenue and accounts receivable transaction cycles including the effect of the issuer's information technology (“IT”) systems to identify the likely sources of potential misstatements. (AS 2201.34 and .36) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 34 The firm did not perform sufficient procedures to obtain the necessary understanding of the flow of transactions within the revenue and accounts receivable transaction cycles including the effect of the issuer's information technology (“IT”) systems to identify the likely sources of potential misstatements. (AS 2201.34 and .36) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2201 36 The firm did not perform sufficient procedures to obtain the necessary understanding of the flow of transactions within the revenue and accounts receivable transaction cycles including the effect of the issuer's information technology (“IT”) systems to identify the likely sources of potential misstatements. (AS 2201.34 and .36) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 36 The firm did not perform sufficient procedures to obtain the necessary understanding of the flow of transactions within the revenue and accounts receivable transaction cycles including the effect of the issuer's information technology (“IT”) systems to identify the likely sources of potential misstatements. (AS 2201.34 and .36) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The firm selected for testing multiple controls over user access to various applications. The firm did not evaluate the procedures that the control owners performed including the criteria that the control owners used to create edit and maintain the security roles within these applications. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing multiple controls over user access to various applications. The firm did not evaluate the procedures that the control owners performed including the criteria that the control owners used to create edit and maintain the security roles within these applications. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The firm selected for testing multiple controls over user access to various applications. The firm did not evaluate the procedures that the control owners performed including the criteria that the control owners used to create edit and maintain the security roles within these applications. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing multiple controls over user access to various applications. The firm did not evaluate the procedures that the control owners performed including the criteria that the control owners used to create edit and maintain the security roles within these applications. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2201 42 The firm selected for testing a number of automated application controls related to processing revenue transactions and performing database reconciliations. For certain of these controls the firm did not sufficiently test the design effectiveness of the controls because it did not determine whether items that met the issuer's established criteria would be properly investigated and resolved. (AS 2201.42) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing a number of automated application controls related to processing revenue transactions and performing database reconciliations. For certain of these controls the firm did not sufficiently test the design effectiveness of the controls because it did not determine whether items that met the issuer's established criteria would be properly investigated and resolved. (AS 2201.42) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2201 42 For the other controls the firm did not perform any procedures to test the design effectiveness of the controls. (AS 2201.42) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 42 For the other controls the firm did not perform any procedures to test the design effectiveness of the controls. (AS 2201.42) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Accounts Receivable 5 AS 2201 42 The firm selected for testing controls that consisted of the issuer's review of revenue transactions and accounts receivable and the related reserve. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 5 AS 2201 42 The firm selected for testing controls that consisted of the issuer's review of revenue transactions and accounts receivable and the related reserve. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Accounts Receivable 5 AS 2201 44 The firm selected for testing controls that consisted of the issuer's review of revenue transactions and accounts receivable and the related reserve. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 5 AS 2201 44 The firm selected for testing controls that consisted of the issuer's review of revenue transactions and accounts receivable and the related reserve. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Accounts Receivable 6 AS 2201 68 The firm identified a control deficiency for a control related to the approval of new customers. The firm did not sufficiently evaluate the severity of the control deficiency because it did not identify that the compensating controls it selected for testing did not address the risk of material misstatement related to customers who were not approved. (AS 2201.68) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 6 AS 2201 68 The firm identified a control deficiency for a control related to the approval of new customers. The firm did not sufficiently evaluate the severity of the control deficiency because it did not identify that the compensating controls it selected for testing did not address the risk of material misstatement related to customers who were not approved. (AS 2201.68) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Business Combinations 7 AS 2201 42 During the year the issuer acquired multiple businesses and used an external specialist to determine the fair values of the assets acquired and the liabilities assumed. The firm selected for testing a control that consisted of the issuer's review of the external specialist's valuation report. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Business Combinations 7 AS 2201 44 During the year the issuer acquired multiple businesses and used an external specialist to determine the fair values of the assets acquired and the liabilities assumed. The firm selected for testing a control that consisted of the issuer's review of the external specialist's valuation report. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investments 8 AS 2201 B22 The issuer used two service organizations to initiate and process investment transactions. The firm did not identify and test any of the complementary user controls over the existence of investments. (AS 2201.B22) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Investments 9 AS 2201 39 In addition the firm did not identify and test any controls over the valuation of investments. (AS 2201.39) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 B9 The firm selected for testing a control over the timing of revenue recognition. The firm however did not directly test the control because its procedures which consisted of determining that revenue was not recorded before goods were shipped for a sample of transactions were substantive in nature. (AS 2201.B9) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 In addition the firm selected for testing a control that consisted of management's review of revenue including deferred revenue and the related journal entries. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 In addition the firm selected for testing a control that consisted of management's review of revenue including deferred revenue and the related journal entries. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Income Taxes 3 AS 2201 42 The firm selected for testing controls that consisted of management's review of income tax provisions and tax returns. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Income Taxes 3 AS 2201 44 The firm selected for testing controls that consisted of management's review of income tax provisions and tax returns. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A B No ICFR audit only Audits with multiple deficiencies Income Taxes 4 AS 2201 39 In addition the firm did not identify and test any controls over the accuracy and completeness of the information used in the performance of these controls. (AS 2201.39) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 The issuer recorded revenue when a user action in an electronic environment occurred and the revenue recognition criteria had been met. The issuer used an IT application to track user actions define and capture valid billable user actions and generate user activity reports. The firm tested IT general controls (“ITGCs”) and identified control deficiencies related to this IT application and the general ledger. The firm concluded either that the deficiencies were mitigated by other controls or that the deficiencies did not directly affect the firm's reliance on the issuer's controls over the accuracy and completeness of the data derived from the IT application. To test the accuracy and completeness of the reports the firm used in its substantive testing of revenue the firm (1) relied on its testing of ITGCs and application controls over revenue and (2) confirmed user activity with customers. The firm's reliance on these ITGCs and application controls was not supported because the firm did not sufficiently test the application controls used by the issuer to (1) track user actions (2) capture billable user actions and (3) generate the user activity reports used to calculate revenue because the firm did not consider the criteria necessary for valid user actions to occur how user actions were counted and accumulated and whether revenue recognition requirements were met. The firm also did not test compensating controls that mitigated the identified ITGC deficiencies and did not perform an evaluation to support its conclusion that those deficiencies did not affect its reliance on controls in the IT application. (AS 1105.10) Annually Inspected 688 Marcum LLP 2018 United States 2020-08-05T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2310 26 The issuer recorded revenue when a user action in an electronic environment occurred and the revenue recognition criteria had been met. The issuer used an IT application to track user actions define and capture valid billable user actions and generate user activity reports. The firm tested IT general controls (“ITGCs”) and identified control deficiencies related to this IT application and the general ledger. The firm concluded either that the deficiencies were mitigated by other controls or that the deficiencies did not directly affect the firm's reliance on the issuer's controls over the accuracy and completeness of the data derived from the IT application. To test the accuracy and completeness of the reports the firm used in its substantive testing of revenue the firm (1) relied on its testing of ITGCs and application controls over revenue and (2) confirmed user activity with customers. In addition the firm's confirmation procedures were not sufficient because the firm did not consider whether the issuer's customers would have the information necessary to confirm the user activity. (AS 2310.26) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer generated certain revenue at numerous locations from sales of multiple types of products. The firm selected for testing controls over this revenue that included (1) reviews of each location's monthly operating results and (2) reviews of monthly and year-to-date revenue for each type of product. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether the amounts recognized as revenue were appropriate. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer generated certain revenue at numerous locations from sales of multiple types of products. The firm selected for testing controls over this revenue that included (1) reviews of each location's monthly operating results and (2) reviews of monthly and year-to-date revenue for each type of product. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether the amounts recognized as revenue were appropriate. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Unpaid Insurance Claims 1 AS 2201 B21 The issuer was self-insured for certain liabilities and it used a service organization to administer the majority of the related claims. The claims data processed by this service organization were used to estimate the issuer's liabilities for unpaid insurance claims. The firm selected for testing a control over the accuracy of these claims data that consisted of claim audits performed by the service organization. The firm obtained the service auditor's report on the operating effectiveness of the service organization's controls but did not identify that the service auditor's testing of this control did not address the accuracy of the claims data. (AS 2201.B21) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Unpaid Insurance Claims 2 AS 1105 10 The firm's approach for testing the liabilities for unpaid insurance claims was to develop an independent estimate. The firm did not perform substantive procedures to test or (as discussed above) to sufficiently test controls over the accuracy of claims data used in its independent estimate beyond comparing a sample of claims from the service organization's claims processing system to claims data in the same system. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Self-Insurance Reserves 1 AS 2201 42 The issuer used claims activity reports to estimate its self-insurance reserves. The firm selected for testing a control that included a review of these claims activity reports for accuracy. The firm did not evaluate the specific procedures that the control owner performed to address the accuracy of certain data including claims' incident dates in the claims activity reports. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Self-Insurance Reserves 1 AS 2201 44 The issuer used claims activity reports to estimate its self-insurance reserves. The firm selected for testing a control that included a review of these claims activity reports for accuracy. The firm did not evaluate the specific procedures that the control owner performed to address the accuracy of certain data including claims' incident dates in the claims activity reports. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Self-Insurance Reserves 2 AS 1105 10 The firm's approach for testing the self-insurance reserves was to develop an independent estimate. The firm did not perform substantive procedures to test or (as discussed above) to sufficiently test controls over the accuracy of claims' incident dates used in its independent estimate beyond comparing the incident dates in the claims activity reports to the system that generated those reports. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A D No ICFR audit only Audits with a single deficiency Investments 1 AS 2201 42 The firm selected for testing a control over the valuation of certain investments that consisted of the review of analyses and memoranda summarizing established fair values. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A D No ICFR audit only Audits with a single deficiency Investments 1 AS 2201 44 The firm selected for testing a control over the valuation of certain investments that consisted of the review of analyses and memoranda summarizing established fair values. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A E No ICFR audit only Audits with a single deficiency Liabilities for Incurred But Not Reported Claims 1 AS 2201 42 The issuer used historical claims data to estimate the liabilities for incurred but not reported claims. These data consisted of numerous loss triangles that included monthly historical claims incurred and claims adjudicated or paid for multiple periods. For one of the issuer's reporting segments the firm selected for testing an automated application control over the generation of reports containing historical claims data. The firm did not test the configuration of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the automated control was designed and operating effectively. (AS 2201.42 .44 and .B9) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A E No ICFR audit only Audits with a single deficiency Liabilities for Incurred But Not Reported Claims 1 AS 2201 44 The issuer used historical claims data to estimate the liabilities for incurred but not reported claims. These data consisted of numerous loss triangles that included monthly historical claims incurred and claims adjudicated or paid for multiple periods. For one of the issuer's reporting segments the firm selected for testing an automated application control over the generation of reports containing historical claims data. The firm did not test the configuration of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the automated control was designed and operating effectively. (AS 2201.42 .44 and .B9) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A E No ICFR audit only Audits with a single deficiency Liabilities for Incurred But Not Reported Claims 1 AS 2201 B9 The issuer used historical claims data to estimate the liabilities for incurred but not reported claims. These data consisted of numerous loss triangles that included monthly historical claims incurred and claims adjudicated or paid for multiple periods. For one of the issuer's reporting segments the firm selected for testing an automated application control over the generation of reports containing historical claims data. The firm did not test the configuration of the automated control or perform other procedures that would have provided sufficient appropriate audit evidence that the automated control was designed and operating effectively. (AS 2201.42 .44 and .B9) Annually Inspected 34 Deloitte & Touche LLP 2018 United States Deloitte Touche Tohmatsu Limited 2020-04-28T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Deposit Liabilities 1 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of deposit liabilities. For the items in its sample for which the requested confirmations were not returned the firm did not perform alternative procedures that provided sufficient evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.31) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 1 AS 2201 68 For one of the locations the firm identified and tested a compensating control to address a control deficiency it identified related to access and the ability to make changes to the general ledger. This compensating control related to testing reviewing and approving changes prior to migration into the general ledger system. The firm did not evaluate the implications of one type of users' ability to modify certain information used in the operation of this control. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 68 For one of the locations the firm identified and tested a compensating control to address a control deficiency it identified related to access and the ability to make changes to the general ledger. This compensating control related to testing reviewing and approving changes prior to migration into the general ledger system. The firm did not evaluate the implications of one type of users' ability to modify certain information used in the operation of this control. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 2 AS 2201 42 For the other two locations the firm selected for testing three access controls that consisted of reviews of whether access to the general ledger system was appropriately restricted based on the system profiles. The firm did not evaluate whether the access provided through these profiles was appropriate based on users' functional needs. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 42 For the other two locations the firm selected for testing three access controls that consisted of reviews of whether access to the general ledger system was appropriately restricted based on the system profiles. The firm did not evaluate whether the access provided through these profiles was appropriate based on users' functional needs. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 2 AS 2201 44 For the other two locations the firm selected for testing three access controls that consisted of reviews of whether access to the general ledger system was appropriately restricted based on the system profiles. The firm did not evaluate whether the access provided through these profiles was appropriate based on users' functional needs. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 44 For the other two locations the firm selected for testing three access controls that consisted of reviews of whether access to the general ledger system was appropriately restricted based on the system profiles. The firm did not evaluate whether the access provided through these profiles was appropriate based on users' functional needs. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 3 AS 1105 10 As a result of our inspection the firm performed additional procedures related to the deficiencies in controls over revenue and inventory discussed above and requested that the issuer reevaluate these controls. As a result of this reevaluation the issuer identified a material weakness related to the aggregation of control deficiencies over the issuer's information technology (“IT”) systems that had not been previously identified. The firm modified its report on the effectiveness of the issuer's ICFR to include this additional material weakness. The firm relied on information in reports generated from these general ledger systems in performing its substantive procedures over revenue and inventory but did not test the completeness of the information in certain of these reports beyond comparing certain amounts in these reports to the general ledger systems. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 1105 10 As a result of our inspection the firm performed additional procedures related to the deficiencies in controls over revenue and inventory discussed above and requested that the issuer reevaluate these controls. As a result of this reevaluation the issuer identified a material weakness related to the aggregation of control deficiencies over the issuer's information technology (“IT”) systems that had not been previously identified. The firm modified its report on the effectiveness of the issuer's ICFR to include this additional material weakness. The firm relied on information in reports generated from these general ledger systems in performing its substantive procedures over revenue and inventory but did not test the completeness of the information in certain of these reports beyond comparing certain amounts in these reports to the general ledger systems. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Trade Payables 4 AS 2201 62 In addition to the control deficiencies discussed above the firm identified control deficiencies in the issuer's controls over trade payables that it had selected for testing and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm did not sufficiently evaluate whether the deficiencies represented a material weakness because the firm did not evaluate the magnitude of potential misstatements resulting from these control deficiencies. (AS 2201.62 and .63) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Trade Payables 4 AS 2201 63 In addition to the control deficiencies discussed above the firm identified control deficiencies in the issuer's controls over trade payables that it had selected for testing and concluded that these deficiencies in the aggregate represented a significant deficiency. The firm did not sufficiently evaluate whether the deficiencies represented a material weakness because the firm did not evaluate the magnitude of potential misstatements resulting from these control deficiencies. (AS 2201.62 and .63) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 For all three business units the firm selected for testing an automated control over the pricing of revenue transactions within the revenue systems. Pricing for many cases was based on the issuer's costs. The firm did not evaluate whether this control was appropriately configured to operate over each scenario contained in customer contracts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 For all three business units the firm selected for testing an automated control over the pricing of revenue transactions within the revenue systems. Pricing for many cases was based on the issuer's costs. The firm did not evaluate whether this control was appropriately configured to operate over each scenario contained in customer contracts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 In addition the firm did not identify and test any controls that addressed whether the revenue systems appropriately applied the item costs that were used to generate customer sales invoices. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 For one of the three business units the firm selected a control that consisted of the manual resolution of exceptions identified through an automated process to determine whether daily sales had shipped. The firm did not (1) test the configuration of the automated control that identified exceptions and (2) identify and test the aspects of the control related to the manual steps that the control owners performed to resolve the identified exceptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 For one of the three business units the firm selected a control that consisted of the manual resolution of exceptions identified through an automated process to determine whether daily sales had shipped. The firm did not (1) test the configuration of the automated control that identified exceptions and (2) identify and test the aspects of the control related to the manual steps that the control owners performed to resolve the identified exceptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 For another one of the three business units the firm selected for testing controls that consisted of management's reviews of a sample of changes made to the pricing information within the revenue system. The firm did not evaluate whether the sample of changes subject to the reviews was sufficient to identify any misstatements that in the aggregate could be material. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 8 For all three business units the firm's substantive procedures to test revenue consisted of testing samples of transactions. In performing its testing of the selected transactions the firm did not evaluate whether the selling prices that the issuer used to record revenue agreed with the terms in the customer contracts. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 16 In addition the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 18 In addition the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 37 In addition the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 19 In addition the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23 In addition the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23A In addition the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 39 The issuer initiated and processed transactions related to sales accounts receivable and inventory at numerous business units using various IT systems. With respect to controls for these business units the firm selected for testing two entity-level controls that used information generated by the IT systems. The firm did not test IT general controls (“ITGCs”) over the IT systems for these business units or test any other controls over the accuracy and completeness of the information that was generated by the systems and that the issuer used in the performance of the entity-level controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The issuer initiated and processed transactions related to sales accounts receivable and inventory at numerous business units using various IT systems. With respect to controls for these business units the firm selected for testing two entity-level controls that used information generated by the IT systems. The firm did not test IT general controls (“ITGCs”) over the IT systems for these business units or test any other controls over the accuracy and completeness of the information that was generated by the systems and that the issuer used in the performance of the entity-level controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 39 The issuer initiated and processed transactions related to sales accounts receivable and inventory at numerous business units using various IT systems. With respect to controls for these business units the firm selected for testing two entity-level controls that used information generated by the IT systems. The firm did not test IT general controls (“ITGCs”) over the IT systems for these business units or test any other controls over the accuracy and completeness of the information that was generated by the systems and that the issuer used in the performance of the entity-level controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2301 8 The firm's reliance on the entity-level controls discussed above to reduce its substantive procedures was unsupported. As a result its analytical procedures which consisted of comparisons of certain current-year account balances to corresponding prior-period balances to test revenue accounts receivable and inventory for these locations did not provide sufficient appropriate audit evidence. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 8 The firm's reliance on the entity-level controls discussed above to reduce its substantive procedures was unsupported. As a result its analytical procedures which consisted of comparisons of certain current-year account balances to corresponding prior-period balances to test revenue accounts receivable and inventory for these locations did not provide sufficient appropriate audit evidence. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2301 8 The firm's reliance on the entity-level controls discussed above to reduce its substantive procedures was unsupported. As a result its analytical procedures which consisted of comparisons of certain current-year account balances to corresponding prior-period balances to test revenue accounts receivable and inventory for these locations did not provide sufficient appropriate audit evidence. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2201 39 The firm did not identify and test any controls that addressed whether the inventory subsidiary ledgers for these business units accurately calculated inventory values using the correct item cost at year end. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2201 39 The firm did not identify and test any controls over the calculation of last-in first-out values for one category of inventory. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 11 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the assumptions underlying the cash-flow forecasts used in the issuer's annual goodwill impairment assessment. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 11 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the assumptions underlying the cash-flow forecasts used in the issuer's annual goodwill impairment assessment. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 12 AS 2502 26 The firm performed certain substantive procedures to evaluate the significant assumptions underlying the cash-flow forecasts but did not obtain sufficient appropriate audit evidence regarding the issuer's ability to carry out its cost-saving strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 12 AS 2502 28 The firm performed certain substantive procedures to evaluate the significant assumptions underlying the cash-flow forecasts but did not obtain sufficient appropriate audit evidence regarding the issuer's ability to carry out its cost-saving strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 12 AS 2502 31 The firm performed certain substantive procedures to evaluate the significant assumptions underlying the cash-flow forecasts but did not obtain sufficient appropriate audit evidence regarding the issuer's ability to carry out its cost-saving strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 12 AS 2502 36 The firm performed certain substantive procedures to evaluate the significant assumptions underlying the cash-flow forecasts but did not obtain sufficient appropriate audit evidence regarding the issuer's ability to carry out its cost-saving strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Asset Retirement Obligations 1 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · Two of the four compensating controls involved the review of certain revenue analyses. The firm did not evaluate the review procedures that the control owner performed to be able to conclude that the compensating controls mitigated identified control deficiencies. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Asset Retirement Costs 1 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · Two of the four compensating controls involved the review of certain revenue analyses. The firm did not evaluate the review procedures that the control owner performed to be able to conclude that the compensating controls mitigated identified control deficiencies. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · Two of the four compensating controls involved the review of certain revenue analyses. The firm did not evaluate the review procedures that the control owner performed to be able to conclude that the compensating controls mitigated identified control deficiencies. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · Two of the four compensating controls involved the review of certain revenue analyses. The firm did not evaluate the review procedures that the control owner performed to be able to conclude that the compensating controls mitigated identified control deficiencies. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Asset Retirement Obligations 2 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · In addition the firm did not identify and test any controls over the accuracy and completeness of certain information including the measurement information which the issuer used in the performance of these two controls. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Asset Retirement Costs 2 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · In addition the firm did not identify and test any controls over the accuracy and completeness of certain information including the measurement information which the issuer used in the performance of these two controls. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · In addition the firm did not identify and test any controls over the accuracy and completeness of certain information including the measurement information which the issuer used in the performance of these two controls. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · In addition the firm did not identify and test any controls over the accuracy and completeness of certain information including the measurement information which the issuer used in the performance of these two controls. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Asset Retirement Obligations 3 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · The other two compensating controls involved the issuer's comparisons of the terms used to calculate revenue for a selection of transactions to supporting documentation. The firm did not evaluate whether these two controls sufficiently mitigated the identified control deficiencies given that these controls addressed only small portions of both types of revenue and the deferred revenue. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Asset Retirement Costs 3 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · The other two compensating controls involved the issuer's comparisons of the terms used to calculate revenue for a selection of transactions to supporting documentation. The firm did not evaluate whether these two controls sufficiently mitigated the identified control deficiencies given that these controls addressed only small portions of both types of revenue and the deferred revenue. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · The other two compensating controls involved the issuer's comparisons of the terms used to calculate revenue for a selection of transactions to supporting documentation. The firm did not evaluate whether these two controls sufficiently mitigated the identified control deficiencies given that these controls addressed only small portions of both types of revenue and the deferred revenue. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 68 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · The other two compensating controls involved the issuer's comparisons of the terms used to calculate revenue for a selection of transactions to supporting documentation. The firm did not evaluate whether these two controls sufficiently mitigated the identified control deficiencies given that these controls addressed only small portions of both types of revenue and the deferred revenue. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Asset Retirement Obligations 4 AS 2810 3 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · The issuer identified errors in certain of the selected items it tested through the operation of one of the two compensating controls discussed directly above but the firm did not evaluate the implications of these errors on its opinion on the issuer's financial statements. (AS 2810.03) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Asset Retirement Costs 4 AS 2810 3 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · The issuer identified errors in certain of the selected items it tested through the operation of one of the two compensating controls discussed directly above but the firm did not evaluate the implications of these errors on its opinion on the issuer's financial statements. (AS 2810.03) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2810 3 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · The issuer identified errors in certain of the selected items it tested through the operation of one of the two compensating controls discussed directly above but the firm did not evaluate the implications of these errors on its opinion on the issuer's financial statements. (AS 2810.03) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2810 3 The issuer recognized one type of revenue and the associated deferred revenue using certain customer rates and service dates recorded in the revenue system. The issuer recognized a second type of revenue and determined the asset retirement obligations (“ARO”) and asset retirement costs (“ARC”) using certain measurement information that was recorded in the revenue system. The firm identified various control deficiencies related to controls over both types of revenue and the deferred revenue and identified and tested four compensating controls that it believed mitigated these deficiencies. The following deficiencies were identified: · The issuer identified errors in certain of the selected items it tested through the operation of one of the two compensating controls discussed directly above but the firm did not evaluate the implications of these errors on its opinion on the issuer's financial statements. (AS 2810.03) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Asset Retirement Obligations 5 AS 2201 39 With respect to the firm's testing of various controls over the second type of revenue the ARO and the ARC the firm did not identify and test any controls over the accuracy and completeness of certain information that was used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Asset Retirement Costs 5 AS 2201 39 With respect to the firm's testing of various controls over the second type of revenue the ARO and the ARC the firm did not identify and test any controls over the accuracy and completeness of certain information that was used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2201 39 With respect to the firm's testing of various controls over the second type of revenue the ARO and the ARC the firm did not identify and test any controls over the accuracy and completeness of certain information that was used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 With respect to the firm's testing of various controls over the second type of revenue the ARO and the ARC the firm did not identify and test any controls over the accuracy and completeness of certain information that was used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Asset Retirement Obligations 6 AS 1105 10 With respect to the firm's substantive testing of the second type of revenue the ARO and the ARC the firm used certain measurement information in its testing but did not perform any procedures to test the accuracy of this information. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Asset Retirement Costs 6 AS 1105 10 With respect to the firm's substantive testing of the second type of revenue the ARO and the ARC the firm used certain measurement information in its testing but did not perform any procedures to test the accuracy of this information. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 1105 10 With respect to the firm's substantive testing of the second type of revenue the ARO and the ARC the firm used certain measurement information in its testing but did not perform any procedures to test the accuracy of this information. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 1105 10 With respect to the firm's substantive testing of the second type of revenue the ARO and the ARC the firm used certain measurement information in its testing but did not perform any procedures to test the accuracy of this information. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Plant, Property, and Equipment 7 AS 2201 39 The firm did not identify and test any controls over the existence of one type of movable equipment. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Plant, Property, and Equipment 8 AS 2301 8 The firm did not perform sufficient substantive procedures related to the existence of two types of movable equipment because the firm's procedures were limited to (1) tracing an issuer-prepared roll-forward schedule for this equipment to the general ledger and (2) vouching a sample of equipment additions during the year to supporting documentation. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 39 The issuer estimated the general reserve component of the ALL using the following significant assumptions: (1) loan segmentation (2) probability of default (“PD”) (3) loss given default (“LGD”) and (4) loan risk ratings (“LRR”). The issuer used a model to derive the PD and LGD assumptions using current and historical loan data (“loan data”) contained in two data warehouses. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the reasonableness of the loan segmentation PD and LGD assumptions. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 39 The issuer estimated the general reserve component of the ALL using the following significant assumptions: (1) loan segmentation (2) probability of default (“PD”) (3) loss given default (“LGD”) and (4) loan risk ratings (“LRR”). The issuer used a model to derive the PD and LGD assumptions using current and historical loan data (“loan data”) contained in two data warehouses. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of the loan data contained in the two data warehouses. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 The issuer estimated the general reserve component of the ALL using the following significant assumptions: (1) loan segmentation (2) probability of default (“PD”) (3) loss given default (“LGD”) and (4) loan risk ratings (“LRR”). The issuer used a model to derive the PD and LGD assumptions using current and historical loan data (“loan data”) contained in two data warehouses. The following deficiencies were identified: · The firm selected for testing a control that included (1) the issuer's review of the LRRs assigned to loans meeting certain criteria and (2) procedures to monitor whether the LRRs for these loans were updated within the time frame established for the control. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 44 The issuer estimated the general reserve component of the ALL using the following significant assumptions: (1) loan segmentation (2) probability of default (“PD”) (3) loss given default (“LGD”) and (4) loan risk ratings (“LRR”). The issuer used a model to derive the PD and LGD assumptions using current and historical loan data (“loan data”) contained in two data warehouses. The following deficiencies were identified: · The firm selected for testing a control that included (1) the issuer's review of the LRRs assigned to loans meeting certain criteria and (2) procedures to monitor whether the LRRs for these loans were updated within the time frame established for the control. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 42 The issuer estimated the general reserve component of the ALL using the following significant assumptions: (1) loan segmentation (2) probability of default (“PD”) (3) loss given default (“LGD”) and (4) loan risk ratings (“LRR”). The issuer used a model to derive the PD and LGD assumptions using current and historical loan data (“loan data”) contained in two data warehouses. The following deficiencies were identified: · In addition the firm did not test the aspect of this control that addressed the appropriateness of the time frame established for the control for requiring updates to the LRRs. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 44 The issuer estimated the general reserve component of the ALL using the following significant assumptions: (1) loan segmentation (2) probability of default (“PD”) (3) loss given default (“LGD”) and (4) loan risk ratings (“LRR”). The issuer used a model to derive the PD and LGD assumptions using current and historical loan data (“loan data”) contained in two data warehouses. The following deficiencies were identified: · In addition the firm did not test the aspect of this control that addressed the appropriateness of the time frame established for the control for requiring updates to the LRRs. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2501 11 The issuer estimated the general reserve component of the ALL using the following significant assumptions: (1) loan segmentation (2) probability of default (“PD”) (3) loss given default (“LGD”) and (4) loan risk ratings (“LRR”). The issuer used a model to derive the PD and LGD assumptions using current and historical loan data (“loan data”) contained in two data warehouses. The following deficiencies were identified: · In its substantive testing of the ALL the firm did not test the reasonableness of the loan segmentation PD and LGD assumptions. (AS 2501.11) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 6 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing various controls over the accounting for the business combination which included the issuer's reviews of the significant assumptions used in the valuation of certain assets acquired and liabilities assumed. In testing the aspects of these controls related to the review of these assumptions the firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 6 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing various controls over the accounting for the business combination which included the issuer's reviews of the significant assumptions used in the valuation of certain assets acquired and liabilities assumed. In testing the aspects of these controls related to the review of these assumptions the firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test certain assets acquired and liabilities assumed were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test certain assets acquired and liabilities assumed were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test certain assets acquired and liabilities assumed were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test certain assets acquired and liabilities assumed were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test certain assets acquired and liabilities assumed were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test certain assets acquired and liabilities assumed were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 8 AS 2201 42 The issuer recorded the fair value for available-for-sale (“AFS”) and held-to-maturity (“HTM”) debt securities based on the prices it received from an external pricing service. The firm selected for testing a control that consisted of the issuer's comparison for a selection of securities from various security categories of the prices it received from the external pricing service to prices it obtained from other sources and evaluation of any pricing differences that exceeded monetary thresholds. The firm did not evaluate whether the control was designed to address the risks of material misstatement presented by the different risk characteristics inherent in the population of securities in each category not subject to the control given the selection method applied. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS and HFM debt securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS and HFM debt securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS and HFM debt securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS and HFM debt securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS and HFM debt securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS and HFM debt securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 39 The issuer developed the qualitative component of the general reserve of the ALL by assigning risk-rating factors which it weighted using certain judgmental assumptions to qualitative considerations such as delinquency trends economic and business conditions and other external factors used in its calculation. The following deficiencies were identified: · With respect to controls over the qualitative component of the general reserve the firm selected for testing controls that consisted of reviews of trends in various qualitative considerations the issuer used to determine the risk-rating factors. The firm did not identify and test any controls that addressed the appropriateness of the risk-rating factors and weightings that were assigned to each of the qualitative considerations. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 11 The issuer developed the qualitative component of the general reserve of the ALL by assigning risk-rating factors which it weighted using certain judgmental assumptions to qualitative considerations such as delinquency trends economic and business conditions and other external factors used in its calculation. The following deficiencies were identified: · With respect to its substantive procedures over the qualitative component of the general reserve the firm did not evaluate the appropriateness of the risk-rating factors and weightings that were assigned to each of the qualitative considerations. (AS 2501.11) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2201 42 The issuer recorded the fair value for AFS securities based on the prices it received from an external pricing service. The firm selected for testing a control that consisted of (1) comparing the recorded fair values to prices obtained from another pricing service for a sample of securities selected from certain categories of securities and (2) the analysis of pricing differences that exceeded an established threshold. The firm did not evaluate whether the control was designed to address the risks of material misstatement presented by the population of securities not subject to the control given the selection method applied by the issuer and the different valuation methods used by the issuer's external pricing services to value the securities. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS securities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 5 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing a control over the valuation of certain acquired loans that consisted of the issuer's review of the significant assumptions that the issuer used in the valuation of these loans including the discount rate. The firm did not evaluate the specific review procedures the control owner performed to review two important components the issuer used to determine the discount rate. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 5 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing a control over the valuation of certain acquired loans that consisted of the issuer's review of the significant assumptions that the issuer used in the valuation of these loans including the discount rate. The firm did not evaluate the specific review procedures the control owner performed to review two important components the issuer used to determine the discount rate. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 For certain revenue the issuer's system initiated revenue recognition upon the issuer's review and input of shipment information into the system. The following deficiencies were identified: · The firm selected for testing an automated control over this revenue that was designed to record revenue once the shipment information was manually entered into the issuer's system. The firm did not test the configuration of the automated control or perform other procedures to obtain sufficient appropriate audit evidence that the automated control was operating as designed. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 For certain revenue the issuer's system initiated revenue recognition upon the issuer's review and input of shipment information into the system. The following deficiencies were identified: · The firm selected for testing an automated control over this revenue that was designed to record revenue once the shipment information was manually entered into the issuer's system. The firm did not test the configuration of the automated control or perform other procedures to obtain sufficient appropriate audit evidence that the automated control was operating as designed. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 For certain revenue the issuer's system initiated revenue recognition upon the issuer's review and input of shipment information into the system. The following deficiencies were identified: In addition the firm did not identify and test any controls over the issuer's review of the shipment information that was manually entered into the issuer's system. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 For certain revenue the issuer's system initiated revenue recognition upon the issuer's review and input of shipment information into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 For certain revenue the issuer's system initiated revenue recognition upon the issuer's review and input of shipment information into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 For certain revenue the issuer's system initiated revenue recognition upon the issuer's review and input of shipment information into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 For certain revenue the issuer's system initiated revenue recognition upon the issuer's review and input of shipment information into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 For certain revenue the issuer's system initiated revenue recognition upon the issuer's review and input of shipment information into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A For certain revenue the issuer's system initiated revenue recognition upon the issuer's review and input of shipment information into the system. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 42 The issuer performed daily cycle counts of inventory but designed its counts to exclude a portion of inventory from the daily cycle counts. In evaluating the design of the cycle-count control the firm did not assess the effect of the issuer excluding this portion of inventory on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 1105 27 During the year the issuer entered into transactions including an acquisition which resulted in the recording of the fair value of investments. The firm selected for testing investments that met specific criteria. The firm did not perform any substantive procedures to test the portion of investments that did not meet these criteria. (AS 1105.27) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 26 The firm did not perform procedures beyond inquiry to evaluate significant differences it identified when performing certain comparisons to test the reasonableness of certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of the investments discussed above. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 28 The firm did not perform procedures beyond inquiry to evaluate significant differences it identified when performing certain comparisons to test the reasonableness of certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of the investments discussed above. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 31 The firm did not perform procedures beyond inquiry to evaluate significant differences it identified when performing certain comparisons to test the reasonableness of certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of the investments discussed above. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 36 The firm did not perform procedures beyond inquiry to evaluate significant differences it identified when performing certain comparisons to test the reasonableness of certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of the investments discussed above. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 1105 10 In addition the firm did not test the accuracy and completeness of certain data used in one of the comparisons. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 Certain inventory held by the issuer in several locations was subject to cycle counts. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's monitoring of the results of the cycle counts to assess whether its perpetual inventory records were reliable. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 68 Certain inventory held by the issuer in several locations was subject to cycle counts. The following deficiencies were identified: · For inventory at certain of these locations the firm identified deficiencies in certain controls over the issuer's cycle-count program related to whether sufficient inventory items were counted with sufficient frequency in accordance with the issuer's cycle-count program. The firm identified and tested compensating controls that it believed mitigated these deficiencies. The firm did not identify that these compensating controls did not address whether sufficient inventory items were counted with sufficient frequency in accordance with the issuer's cycle-count program. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 Certain inventory held by the issuer in several locations was subject to cycle counts. The following deficiencies were identified: · For another one of these locations the issuer used an inventory management system in performing its cycle counts. The firm did not identify and test controls over the accuracy and completeness of the cycle-count selection reports generated by this system and used by the issuer in the performance of the cycle counts at this location. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2510 11 Certain inventory held by the issuer in several locations was subject to cycle counts. The following deficiencies were identified: · Due to the deficiencies discussed above the firm's testing of controls did not provide sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing controls over the accounting for the business combination which included the issuer's reviews of the data and significant assumptions that the issuer used in the valuation of certain obligations assumed in this acquisition. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing controls over the accounting for the business combination which included the issuer's reviews of the data and significant assumptions that the issuer used in the valuation of certain obligations assumed in this acquisition. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 26 In its substantive testing the firm did not evaluate the reasonableness of the significant assumptions underlying the fair values of the obligations assumed. (AS 2502.26 and .28) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 28 In its substantive testing the firm did not evaluate the reasonableness of the significant assumptions underlying the fair values of the obligations assumed. (AS 2502.26 and .28) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2502 26 In addition the firm did not test the accuracy and completeness of data used to determine the fair values of these obligations assumed. (AS 2502.26 .28 and .39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2502 28 In addition the firm did not test the accuracy and completeness of data used to determine the fair values of these obligations assumed. (AS 2502.26 .28 and .39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2502 39 In addition the firm did not test the accuracy and completeness of data used to determine the fair values of these obligations assumed. (AS 2502.26 .28 and .39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing a control that included the issuer's review of the significant assumptions used in the valuation of the intangible assets acquired in this transaction. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing a control that included the issuer's review of the significant assumptions used in the valuation of the intangible assets acquired in this transaction. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 26 The firm performed substantive procedures to evaluate the significant assumptions underlying the forecasts the issuer used in the valuation of the acquired intangible assets but did not obtain sufficient appropriate audit evidence related to the issuer's ability to carry out its cost-saving strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 28 The firm performed substantive procedures to evaluate the significant assumptions underlying the forecasts the issuer used in the valuation of the acquired intangible assets but did not obtain sufficient appropriate audit evidence related to the issuer's ability to carry out its cost-saving strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 31 The firm performed substantive procedures to evaluate the significant assumptions underlying the forecasts the issuer used in the valuation of the acquired intangible assets but did not obtain sufficient appropriate audit evidence related to the issuer's ability to carry out its cost-saving strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 36 The firm performed substantive procedures to evaluate the significant assumptions underlying the forecasts the issuer used in the valuation of the acquired intangible assets but did not obtain sufficient appropriate audit evidence related to the issuer's ability to carry out its cost-saving strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm's testing of controls for inventory held at certain locations consisted primarily of testing an entity-level control that involved the issuer's reviews of regional and component-level income statements and balance sheets. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved with respect to the component-level financial information. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm's testing of controls for inventory held at certain locations consisted primarily of testing an entity-level control that involved the issuer's reviews of regional and component-level income statements and balance sheets. The firm did not evaluate the review procedures that the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved with respect to the component-level financial information. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 8 Based on the firm's reliance on this entity-level control which was not supported due to the deficiency discussed above the firm limited its substantive procedures to test this inventory to various analytical procedures. These analytical procedures as designed provided little or no substantive evidence. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2201 42 For loans that the issuer assessed collectively for impairment the issuer estimated the ALL using a model that consisted of quantitative and qualitative components. The issuer developed the qualitative component of the ALL by applying certain qualitative factors to each of its classes of loans. The firm selected for testing a control that consisted of a committee's review of the ALL including the qualitative factors. The firm did not evaluate the review procedures that the control owners performed to evaluate the qualitative factors including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Allowance for Loan Losses 1 AS 2201 44 For loans that the issuer assessed collectively for impairment the issuer estimated the ALL using a model that consisted of quantitative and qualitative components. The issuer developed the qualitative component of the ALL by applying certain qualitative factors to each of its classes of loans. The firm selected for testing a control that consisted of a committee's review of the ALL including the qualitative factors. The firm did not evaluate the review procedures that the control owners performed to evaluate the qualitative factors including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A M No ICFR audit only Audits with a single deficiency Period-End Financial Reporting Process 1 AS 2201 39 The issuer used data generated by an IT system including data related to revenue and inventory in the financial statement consolidation process. The firm selected for testing a control over the financial statement consolidation process but did not identify and test any controls over the accuracy and completeness of the data and reports generated by this system and used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A N No ICFR audit only Audits with a single deficiency Business Combinations 1 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing a control over the accounting for this business combination which included the issuer's review of the significant assumptions including forecasted revenue and EBITDA margins that the issuer used in the valuation of the acquired intangible assets. The firm did not evaluate the review procedures that the control owners performed to assess the reasonableness of the forecasted revenue and EBITDA margins including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2018 United States Ernst & Young Global Limited 2020-04-28T00:00:00 Part I.A N No ICFR audit only Audits with a single deficiency Business Combinations 1 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing a control over the accounting for this business combination which included the issuer's review of the significant assumptions including forecasted revenue and EBITDA margins that the issuer used in the valuation of the acquired intangible assets. The firm did not evaluate the review procedures that the control owners performed to assess the reasonableness of the forecasted revenue and EBITDA margins including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 For certain consumer loans the firm selected for testing a control that consisted of the issuer's quarterly review of its ALL assumptions and adjustments to the ALL including a review of any exceptions to the issuer's ALL methodology and whether quarterly changes to the ALL were reasonable. The firm did not evaluate certain criteria the control owners used to identify items for follow up related to the review of quarterly changes to the ALL. Further the firm did not evaluate the review procedures the control owners performed to determine whether certain items identified by the control owners for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 For certain consumer loans the firm selected for testing a control that consisted of the issuer's quarterly review of its ALL assumptions and adjustments to the ALL including a review of any exceptions to the issuer's ALL methodology and whether quarterly changes to the ALL were reasonable. The firm did not evaluate certain criteria the control owners used to identify items for follow up related to the review of quarterly changes to the ALL. Further the firm did not evaluate the review procedures the control owners performed to determine whether certain items identified by the control owners for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 39 The issuer used loan charge-offs as inputs to the determination of the general reserve component of the ALL. The firm did not identify and test any controls over loan charge-offs for one type of these consumer loans. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 39 As part of the issuer's overall credit risk assessment for corporate loans collectively evaluated for impairment the issuer determined a loan risk rating for each loan based on loan information for each borrower including a borrower risk rating. The following deficiencies were identified: · The firm selected for testing controls that consisted of the independent reviews of the assigned loan risk ratings for corporate loans that met certain criteria. The firm did not identify and test any controls over the accuracy and completeness of the loan information that the control owners used to evaluate the assigned loan risk ratings. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2501 11 As part of the issuer's overall credit risk assessment for corporate loans collectively evaluated for impairment the issuer determined a loan risk rating for each loan based on loan information for each borrower including a borrower risk rating. The following deficiencies were identified: · The firm used this loan information in certain of its substantive procedures to evaluate the appropriateness of the issuer's loan risk ratings for these loans. The firm did not test or (as discussed above) test controls over the accuracy and completeness of this information. (AS 2501.11) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2201 39 As part of the issuer's overall credit risk assessment for corporate loans collectively evaluated for impairment the issuer determined a loan risk rating for each loan based on loan information for each borrower including a borrower risk rating. The following deficiencies were identified: · The issuer used various models to determine the borrower risk ratings for certain corporate loans. The firm did not identify and test any controls over the issuer's evaluation of the appropriateness of these models. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2501 11 As part of the issuer's overall credit risk assessment for corporate loans collectively evaluated for impairment the issuer determined a loan risk rating for each loan based on loan information for each borrower including a borrower risk rating. The following deficiencies were identified: · The firm's approach for testing the ALL for these loans was to review and test management's process. The firm did not perform any procedures to test the calculations in these models. (AS 2501.11) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 7 AS 2201 39 The firm did not identify and test any controls over certain types of loans receivable including unfunded commitments. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 8 AS 2301 8 The firm did not perform any substantive procedures to test these loans receivable including unfunded commitments. (AS 2301.08) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 9 AS 2310 31 For certain other types of loans including unfunded commitments the firm sent positive confirmation requests to the issuer's customers for a selection of loans. For confirmations that were not returned the firm did not perform alternative procedures that provided sufficient evidence that the account balances were accurate as of the confirmation date. Further for the confirmations that were returned with exceptions the firm did not evaluate the nature of those exceptions. (AS 2310.31 and .33) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 9 AS 2310 33 For certain other types of loans including unfunded commitments the firm sent positive confirmation requests to the issuer's customers for a selection of loans. For confirmations that were not returned the firm did not perform alternative procedures that provided sufficient evidence that the account balances were accurate as of the confirmation date. Further for the confirmations that were returned with exceptions the firm did not evaluate the nature of those exceptions. (AS 2310.31 and .33) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 10 AS 2201 39 The transaction data for certain retail deposit accounts were transmitted from various source systems to the issuer's retail deposit system to record transactions in the general ledger. The firm did not identify and test any controls over the accuracy and completeness of the data maintained in one of these source systems. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 11 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of these retail deposit liabilities. For certain of the items in its sample for which the requested confirmations were not returned the firm did not perform alternative procedures that provided sufficient evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.31) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 12 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 12 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 12 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 12 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 12 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 12 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 13 AS 2201 42 The issuer used various models in the valuation of certain derivatives. The firm selected for testing controls over these models that consisted of (1) the validation of the design and construction of models that met certain criteria and (2) the annual review of the models that were not subject to the first control. The firm did not evaluate the review procedures the control owners performed including the criteria the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 13 AS 2201 44 The issuer used various models in the valuation of certain derivatives. The firm selected for testing controls over these models that consisted of (1) the validation of the design and construction of models that met certain criteria and (2) the annual review of the models that were not subject to the first control. The firm did not evaluate the review procedures the control owners performed including the criteria the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 14 AS 2201 42 The firm selected for testing a control that consisted of the review of the categorization of certain derivatives within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not evaluate the specific procedures the control owner performed to assess the reasonableness of the categorization within the fair value hierarchy. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 14 AS 2201 44 The firm selected for testing a control that consisted of the review of the categorization of certain derivatives within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not evaluate the specific procedures the control owner performed to assess the reasonableness of the categorization within the fair value hierarchy. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 15 AS 2502 43 The firm did not perform any substantive procedures to evaluate the reasonableness of the issuer's categorization of these derivatives within the fair value hierarchy. (AS 2502.43) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 42 The issuer entered into revenue arrangements with multiple elements and allocated the total consideration from these arrangements between the sale of products and services using its best estimate of selling price (“BESP”) under the relative-selling-price method. The issuer determined BESP based on contractual prices or factors of list prices. The firm selected for testing a control that consisted of reviews of the issuer's annual analysis of BESP. The firm did not determine whether the control owners' reviews of this analysis considered whether contractual prices or factors of list prices were the most appropriate selection for BESP. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer entered into revenue arrangements with multiple elements and allocated the total consideration from these arrangements between the sale of products and services using its best estimate of selling price (“BESP”) under the relative-selling-price method. The issuer determined BESP based on contractual prices or factors of list prices. The firm selected for testing a control that consisted of reviews of the issuer's annual analysis of BESP. The firm did not determine whether the control owners' reviews of this analysis considered whether contractual prices or factors of list prices were the most appropriate selection for BESP. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 44 The issuer entered into revenue arrangements with multiple elements and allocated the total consideration from these arrangements between the sale of products and services using its best estimate of selling price (“BESP”) under the relative-selling-price method. The issuer determined BESP based on contractual prices or factors of list prices. The firm selected for testing a control that consisted of reviews of the issuer's annual analysis of BESP. The firm did not determine whether the control owners' reviews of this analysis considered whether contractual prices or factors of list prices were the most appropriate selection for BESP. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer entered into revenue arrangements with multiple elements and allocated the total consideration from these arrangements between the sale of products and services using its best estimate of selling price (“BESP”) under the relative-selling-price method. The issuer determined BESP based on contractual prices or factors of list prices. The firm selected for testing a control that consisted of reviews of the issuer's annual analysis of BESP. The firm did not determine whether the control owners' reviews of this analysis considered whether contractual prices or factors of list prices were the most appropriate selection for BESP. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2810 30 The firm did not perform any substantive procedures to test the issuer's assertion that contractual prices or factors of list prices were the most appropriate selection for BESP. (AS 2810.30) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 30 The firm did not perform any substantive procedures to test the issuer's assertion that contractual prices or factors of list prices were the most appropriate selection for BESP. (AS 2810.30) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 42 The firm selected for testing a control that consisted of the review of all of the issuer's sales transactions including multiple-element arrangements for appropriate revenue recognition. The firm did not evaluate whether the control owners assessed whether prices for extended warranty services that were separately stated on customer invoices represented evidence that customers had the option to purchase these services for an expressly stated amount separate from the price of the product which may have affected the revenue allocation. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing a control that consisted of the review of all of the issuer's sales transactions including multiple-element arrangements for appropriate revenue recognition. The firm did not evaluate whether the control owners assessed whether prices for extended warranty services that were separately stated on customer invoices represented evidence that customers had the option to purchase these services for an expressly stated amount separate from the price of the product which may have affected the revenue allocation. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 44 The firm selected for testing a control that consisted of the review of all of the issuer's sales transactions including multiple-element arrangements for appropriate revenue recognition. The firm did not evaluate whether the control owners assessed whether prices for extended warranty services that were separately stated on customer invoices represented evidence that customers had the option to purchase these services for an expressly stated amount separate from the price of the product which may have affected the revenue allocation. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing a control that consisted of the review of all of the issuer's sales transactions including multiple-element arrangements for appropriate revenue recognition. The firm did not evaluate whether the control owners assessed whether prices for extended warranty services that were separately stated on customer invoices represented evidence that customers had the option to purchase these services for an expressly stated amount separate from the price of the product which may have affected the revenue allocation. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2810 30 The firm did not perform any substantive procedures to evaluate whether prices for extended warranty services that were separately stated on customer invoices represented evidence that customers had the option to purchase these services for an expressly stated amount separate from the price of the products. (AS 2810.30) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2810 30 The firm did not perform any substantive procedures to evaluate whether prices for extended warranty services that were separately stated on customer invoices represented evidence that customers had the option to purchase these services for an expressly stated amount separate from the price of the products. (AS 2810.30) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 55 The firm selected for testing an automated control and certain information technology (“IT”) dependent manual controls over inventory that used data or reports that were derived from the issuer's inventory system for which the firm had identified a significant deficiency that was not remediated until the fourth quarter. The firm did not test any instances of the automated control and the controls over the accuracy and completeness of these data and reports subsequent to the remediation of the significant deficiency. (AS 2201.55 and .56) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 56 The firm selected for testing an automated control and certain information technology (“IT”) dependent manual controls over inventory that used data or reports that were derived from the issuer's inventory system for which the firm had identified a significant deficiency that was not remediated until the fourth quarter. The firm did not test any instances of the automated control and the controls over the accuracy and completeness of these data and reports subsequent to the remediation of the significant deficiency. (AS 2201.55 and .56) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The firm selected for testing a control over program changes that consisted of the approval testing and monitoring of changes made during the year to the issuer's inventory system. The firm did not identify and test any controls over the completeness of the report that was generated by the inventory system affected by the significant deficiency discussed above and that the firm used to select program changes for testing. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 For certain revenue the firm did not identify and test any controls over the issuer's determination of whether the GAAP requirements that (1) persuasive evidence of an arrangement existed and (2) collectability was reasonably assured were met for transactions recorded as revenue. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For certain revenue the firm did not identify and test any controls over the issuer's determination of whether the GAAP requirements that (1) persuasive evidence of an arrangement existed and (2) collectability was reasonably assured were met for transactions recorded as revenue. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The firm selected for testing various controls that consisted of monthly comparisons of this revenue by customer product geographic region and/or business unit to revenue recorded in the prior month. The firm did not evaluate the review procedures that the control owners performed including whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The firm selected for testing various controls that consisted of monthly comparisons of this revenue by customer product geographic region and/or business unit to revenue recorded in the prior month. The firm did not evaluate the review procedures that the control owners performed including whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The firm selected for testing various controls that consisted of monthly comparisons of this revenue by customer product geographic region and/or business unit to revenue recorded in the prior month. The firm did not evaluate the review procedures that the control owners performed including whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The firm selected for testing various controls that consisted of monthly comparisons of this revenue by customer product geographic region and/or business unit to revenue recorded in the prior month. The firm did not evaluate the review procedures that the control owners performed including whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 44 For certain of this revenue the firm selected for testing controls that consisted of a monthly comparison of a sample of invoices to the related prior-month invoice and the investigation of differences. In testing these controls the firm did not inspect the invoices the control owners used in this comparison to determine whether all differences were identified for investigation. (AS 2201.44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 For certain of this revenue the firm selected for testing controls that consisted of a monthly comparison of a sample of invoices to the related prior-month invoice and the investigation of differences. In testing these controls the firm did not inspect the invoices the control owners used in this comparison to determine whether all differences were identified for investigation. (AS 2201.44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Advanced Billings 5 AS 2201 39 The firm tested various controls over certain unbilled accounts receivable advanced billings and deferred revenue that used data from the issuer's billing systems but did not identify and test any controls over the accuracy and completeness of these data. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2201 39 The firm tested various controls over certain unbilled accounts receivable advanced billings and deferred revenue that used data from the issuer's billing systems but did not identify and test any controls over the accuracy and completeness of these data. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 5 AS 2201 39 The firm tested various controls over certain unbilled accounts receivable advanced billings and deferred revenue that used data from the issuer's billing systems but did not identify and test any controls over the accuracy and completeness of these data. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Advanced Billings 6 AS 2301 16 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2301 16 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 6 AS 2301 16 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Advanced Billings 6 AS 2301 18 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2301 18 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 6 AS 2301 18 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Advanced Billings 6 AS 2301 37 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2301 37 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 6 AS 2301 37 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Advanced Billings 6 AS 2305 16 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2305 16 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 6 AS 2305 16 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Advanced Billings 6 AS 2305 20 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2305 20 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Unbilled Accounts Receivable 6 AS 2305 20 The firm's substantive procedures to test these accounts consisted of analytical procedures. The firm used data from the issuer's billing systems to develop its expectations but did not test or in the alternative identify and test controls over the accuracy and completeness of these data as discussed above. Further the firm established its thresholds for investigating differences based on a level of control reliance that was not supported due to the deficiency in the firm's testing of controls. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.16 and .20) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2201 39 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using customer attrition-rate assumptions. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of historical revenue data that the issuer used to determine the attrition rates. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 8 AS 2502 39 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using customer attrition-rate assumptions. The following deficiencies were identified: · The firm's approach for testing the attrition rates was to review and test management's process. The firm did not perform any substantive procedures to test or in the alternative identify and test any controls over the accuracy and completeness of historical revenue data that the issuer used to determine the attrition rates as discussed above. (AS 2502.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The firm selected for testing a control over manually recorded period-end adjustments to reverse certain revenue for shipped products that had not been delivered to the issuer's customers by the end of the period. The firm did not identify and test any controls over the accuracy and completeness of the shipping terms entered into the revenue system that were used to determine whether adjustments were necessary. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 39 The firm selected for testing a control over manually recorded period-end adjustments to reverse certain revenue for shipped products that had not been delivered to the issuer's customers by the end of the period. The firm did not identify and test any controls over the accuracy and completeness of the shipping terms entered into the revenue system that were used to determine whether adjustments were necessary. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing a control over manually recorded period-end adjustments to reverse certain revenue for shipped products that had not been delivered to the issuer's customers by the end of the period. The firm did not identify and test any controls over the accuracy and completeness of the shipping terms entered into the revenue system that were used to determine whether adjustments were necessary. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The firm did not identify and test any controls that addressed whether all manual sales orders were entered into the revenue system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 39 The firm did not identify and test any controls that addressed whether all manual sales orders were entered into the revenue system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm did not identify and test any controls that addressed whether all manual sales orders were entered into the revenue system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 62 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · The firm identified errors in the issuer's VSOE and BESP analyses and concluded that the issuer's control over the preparation and review of these analyses was not operating effectively as of year end. In determining whether the deficiency represented a material weakness the firm did not sufficiently evaluate the magnitude of the potential misstatements because it limited its procedures to evaluating the known misstatements. (AS 2201.62 and .63) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 62 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · The firm identified errors in the issuer's VSOE and BESP analyses and concluded that the issuer's control over the preparation and review of these analyses was not operating effectively as of year end. In determining whether the deficiency represented a material weakness the firm did not sufficiently evaluate the magnitude of the potential misstatements because it limited its procedures to evaluating the known misstatements. (AS 2201.62 and .63) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 62 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · The firm identified errors in the issuer's VSOE and BESP analyses and concluded that the issuer's control over the preparation and review of these analyses was not operating effectively as of year end. In determining whether the deficiency represented a material weakness the firm did not sufficiently evaluate the magnitude of the potential misstatements because it limited its procedures to evaluating the known misstatements. (AS 2201.62 and .63) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 63 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · The firm identified errors in the issuer's VSOE and BESP analyses and concluded that the issuer's control over the preparation and review of these analyses was not operating effectively as of year end. In determining whether the deficiency represented a material weakness the firm did not sufficiently evaluate the magnitude of the potential misstatements because it limited its procedures to evaluating the known misstatements. (AS 2201.62 and .63) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 63 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · The firm identified errors in the issuer's VSOE and BESP analyses and concluded that the issuer's control over the preparation and review of these analyses was not operating effectively as of year end. In determining whether the deficiency represented a material weakness the firm did not sufficiently evaluate the magnitude of the potential misstatements because it limited its procedures to evaluating the known misstatements. (AS 2201.62 and .63) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 63 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · The firm identified errors in the issuer's VSOE and BESP analyses and concluded that the issuer's control over the preparation and review of these analyses was not operating effectively as of year end. In determining whether the deficiency represented a material weakness the firm did not sufficiently evaluate the magnitude of the potential misstatements because it limited its procedures to evaluating the known misstatements. (AS 2201.62 and .63) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2501 11 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · The firm's approach to substantively test the VSOE and BESP analyses was to review and test management's process. The firm did not test the accuracy and completeness of the stand-alone sales transactions the issuer used in these analyses or in the alternative test any controls over the accuracy and completeness of these transactions. (AS 2501.11) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2501 11 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · The firm's approach to substantively test the VSOE and BESP analyses was to review and test management's process. The firm did not test the accuracy and completeness of the stand-alone sales transactions the issuer used in these analyses or in the alternative test any controls over the accuracy and completeness of these transactions. (AS 2501.11) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2501 11 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · The firm's approach to substantively test the VSOE and BESP analyses was to review and test management's process. The firm did not test the accuracy and completeness of the stand-alone sales transactions the issuer used in these analyses or in the alternative test any controls over the accuracy and completeness of these transactions. (AS 2501.11) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2501 11 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · In addition the issuer used certain sales order data that it obtained from the revenue system and manually entered into the analyses. The firm did not test or (as discussed above) sufficiently test controls over the completeness of the manually entered sales order data used in the analyses. (AS 2501.11) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2501 11 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · In addition the issuer used certain sales order data that it obtained from the revenue system and manually entered into the analyses. The firm did not test or (as discussed above) sufficiently test controls over the completeness of the manually entered sales order data used in the analyses. (AS 2501.11) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2501 11 The issuer entered into revenue arrangements with multiple elements and allocated consideration to the deliverables using vendor-specific objective evidence ('VSOE') of fair value or its BESP. The following deficiencies were identified: · In addition the issuer used certain sales order data that it obtained from the revenue system and manually entered into the analyses. The firm did not test or (as discussed above) sufficiently test controls over the completeness of the manually entered sales order data used in the analyses. (AS 2501.11) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue deferred revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Uncorrected Misstatements 1 AS 1105 10 The issuer prepared a schedule of numerous uncorrected misstatements that it had identified and that affected several financial statement accounts. The firm did not perform any procedures to determine whether the uncorrected misstatements included on this schedule were accurate and whether there were other uncorrected misstatements that the issuer identified that the firm should have evaluated. (AS 1105.10) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Uncorrected Misstatements 2 AS 2810 17 In addition the firm did not evaluate the effect of the uncorrected misstatements on the specific accounts and disclosures involved. (AS 2810.17) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Reinsurance Recoverable 3 AS 2201 39 One of the issuer's reinsurance agreements required both parties to maintain certain assets as collateral for the reinsurance recoverable. The firm did not identify and test any controls that addressed whether the assets maintained as collateral by both parties were in compliance with the provisions of the reinsurance agreement. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Reinsurance Recoverable 4 AS 2301 8 The firm did not test whether the assets maintained as collateral by both parties were in compliance with the provisions of the reinsurance agreement. (AS 2301.08) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Proved Oil and Gas Reserves 1 AS 2201 46 The firm selected for testing a control that included the review and approval of changes to the inputs that were used by the issuer to determine its proved oil and gas reserves. The number of changes selected for testing did not provide sufficient appropriate audit evidence in light of the volume of changes subject to the control. (AS 2201.46 and .47) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Proved Oil and Gas Reserves 1 AS 2201 47 The firm selected for testing a control that included the review and approval of changes to the inputs that were used by the issuer to determine its proved oil and gas reserves. The number of changes selected for testing did not provide sufficient appropriate audit evidence in light of the volume of changes subject to the control. (AS 2201.46 and .47) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Proved Oil and Gas Reserves 2 AS 2301 16 The sample size the firm used in its substantive procedures to test the appropriateness of certain inputs used to determine the issuer's proved oil and gas reserves was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Proved Oil and Gas Reserves 2 AS 2301 18 The sample size the firm used in its substantive procedures to test the appropriateness of certain inputs used to determine the issuer's proved oil and gas reserves was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Proved Oil and Gas Reserves 2 AS 2301 37 The sample size the firm used in its substantive procedures to test the appropriateness of certain inputs used to determine the issuer's proved oil and gas reserves was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Proved Oil and Gas Reserves 2 AS 2315 19 The sample size the firm used in its substantive procedures to test the appropriateness of certain inputs used to determine the issuer's proved oil and gas reserves was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Proved Oil and Gas Reserves 2 AS 2315 23 The sample size the firm used in its substantive procedures to test the appropriateness of certain inputs used to determine the issuer's proved oil and gas reserves was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Proved Oil and Gas Reserves 2 AS 2315 23A The sample size the firm used in its substantive procedures to test the appropriateness of certain inputs used to determine the issuer's proved oil and gas reserves was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of the actual costs for raw materials direct labor and overhead that were used by the issuer's inventory system to calculate manufacturing variances between actual and standard costs for the inventory at one of the issuer's locations. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 The firm did not perform any substantive procedures that addressed the accuracy of the allocation of the direct labor and overhead costs to this inventory. (AS 2301.08) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing a control that consisted of the review of the issuer's risk assessment for graded loans. This review included the determination of which loans would be subject to an independent loan-grade review. The loan grades were an important factor in estimating the ALL. The firm did not evaluate the specific review procedures that the control owner performed to determine which loans would be subject to an independent loan-grade review. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing a control that consisted of the review of the issuer's risk assessment for graded loans. This review included the determination of which loans would be subject to an independent loan-grade review. The loan grades were an important factor in estimating the ALL. The firm did not evaluate the specific review procedures that the control owner performed to determine which loans would be subject to an independent loan-grade review. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 39 The issuer used a model in the valuation of the ALL that used various data including historical loan-loss data derived from the issuer's data warehouse systems. The firm did not identify and test any controls over the accuracy of the transfer of these data from the issuer's source systems to the data warehouse systems or test other controls that would have provided evidence over the accuracy of these data. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2501 11 The firm's approach for testing the ALL was to review and test management's process. The firm did not perform any substantive procedures to test or in the alternative identify and test any controls over the accuracy of the historical loan-loss data as discussed above. (AS 2501.11) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 For one category of revenue that comprised six types of revenue arrangements the firm selected for testing a control that consisted of a monthly comparison by project type of certain financial information and the investigation of variances over established thresholds. The firm did not evaluate whether certain thresholds the control owners used were sufficiently precise to detect misstatements that could be material. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 For one category of revenue that comprised six types of revenue arrangements the firm selected for testing a control that consisted of a monthly comparison by project type of certain financial information and the investigation of variances over established thresholds. The firm did not evaluate whether certain thresholds the control owners used were sufficiently precise to detect misstatements that could be material. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 39 In addition the firm did not identify and test any controls over the accuracy of certain data that the control owners used in the performance of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 44 For four types of these revenue arrangements the firm selected for testing a control that included the review of invoices. The firm did not test the procedures the control owners performed to determine whether the services were provided for the revenue recorded for three of these types of revenue arrangements. (AS 2201.44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 39 In addition the firm did not identify and test any controls over the accuracy of certain data that the control owners used in the performance of this control for one of these three types of arrangements. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Revenue 5 AS 2201 39 For the other two types of revenue arrangements the firm selected for testing controls that consisted of the review and approval of journal entries. The firm did not identify and test any controls over the accuracy of the data that the control owners used in the performance of these controls. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Revenue 6 AS 2201 39 For another category of revenue the firm selected for testing a control that consisted of the review of revenue transactions greater than an established monetary threshold. The firm did not identify and test any controls over revenue transactions that were less than this established threshold. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The firm selected for testing a control over certain revenue and the related accounts receivable that consisted of the review of sales orders the issuer entered into its revenue system. The firm did not identify and test any controls that addressed whether all sales orders were subject to this review. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing a control over certain revenue and the related accounts receivable that consisted of the review of sales orders the issuer entered into its revenue system. The firm did not identify and test any controls that addressed whether all sales orders were subject to this review. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2201 39 The firm did not identify and test any controls that addressed whether all approved requests for changes in billing rates were processed in the revenue system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm did not identify and test any controls that addressed whether all approved requests for changes in billing rates were processed in the revenue system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 68 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The firm did not identify that this annual control did not address the accuracy and completeness of the data and reports that were derived from the revenue system throughout the year and used in the operation of certain IT-dependent manual controls that the firm had selected for testing. (AS 2201.68) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The firm did not identify that this annual control did not address the accuracy and completeness of the data and reports that were derived from the revenue system throughout the year and used in the operation of certain IT-dependent manual controls that the firm had selected for testing. (AS 2201.68) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 68 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The firm did not sufficiently test the annual control because the firm did not (1) evaluate whether the issuer's selection process resulted in all transactions having an opportunity of being selected and (2) test the control owner's procedures to determine whether revenue or deferred revenue had been appropriately recorded for certain items selected for testing. Further the firm did not identify and test any controls over the completeness of the reports derived from the revenue system that the control owner used to select transactions for testing. (AS 2201.68) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 68 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The firm did not sufficiently test the annual control because the firm did not (1) evaluate whether the issuer's selection process resulted in all transactions having an opportunity of being selected and (2) test the control owner's procedures to determine whether revenue or deferred revenue had been appropriately recorded for certain items selected for testing. Further the firm did not identify and test any controls over the completeness of the reports derived from the revenue system that the control owner used to select transactions for testing. (AS 2201.68) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 68 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the data derived from the general ledger system that were used in the operation of certain IT-dependent manual controls that the firm had selected for testing. (AS 2201.68) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 68 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the data derived from the general ledger system that were used in the operation of certain IT-dependent manual controls that the firm had selected for testing. (AS 2201.68) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 16 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 18 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 37 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 19 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 23 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 23A In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A In response to ineffective IT general controls over the general ledger and revenue systems for one of its business units the issuer implemented and the firm selected for testing an annual control at year end that consisted of testing a sample of revenue transactions from the revenue system to determine whether revenue had been appropriately recognized. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer generated certain revenue from its distribution of electricity that its customers purchased from other energy companies. The firm selected for testing a control over the volumes of electricity distributed by the issuer. The firm did not identify and test any controls over the accuracy and completeness of the volumes of electricity that the issuer's customers purchased from other energy companies that were used in this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm used these volume data in its substantive testing of this revenue but did not perform any procedures to test or in the alternative identify and test any controls over the accuracy and completeness of these data as discussed above. (AS 1105.10) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing a control over certain revenue that consisted of a comparison by contract of actual profit to forecasted amounts. The firm did not identify and test any controls over the data and assumptions used to develop the forecasted profits that were used in the performance of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm selected for testing a control over the existence of certain inventory that included reviews of the issuer's cycle-count results to assess the reliability of the cycle-count process. The issuer used cycle-count data from its inventory systems to manually prepare the cycle-count analyses that were used in the operation of this control. The firm did not identify and test any controls that addressed whether these analyses were accurate and complete. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 55 The firm selected for testing controls over adjustments to one type of revenue and related accounts receivable and the gain on the sale of certain real estate assets. The issuer used system-generated reports in the performance of these controls. To test controls over the accuracy and completeness of these reports the firm either relied on testing performed in a prior year or tested one instance of the reports as of an interim date. The firm did not identify and evaluate the nature of the changes that were made to the configuration of these reports after the testing dates to update its conclusion to the date of management's assessment. (AS 2201.55 and .56) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Gain on Sale of Assets 1 AS 2201 55 The firm selected for testing controls over adjustments to one type of revenue and related accounts receivable and the gain on the sale of certain real estate assets. The issuer used system-generated reports in the performance of these controls. To test controls over the accuracy and completeness of these reports the firm either relied on testing performed in a prior year or tested one instance of the reports as of an interim date. The firm did not identify and evaluate the nature of the changes that were made to the configuration of these reports after the testing dates to update its conclusion to the date of management's assessment. (AS 2201.55 and .56) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 55 The firm selected for testing controls over adjustments to one type of revenue and related accounts receivable and the gain on the sale of certain real estate assets. The issuer used system-generated reports in the performance of these controls. To test controls over the accuracy and completeness of these reports the firm either relied on testing performed in a prior year or tested one instance of the reports as of an interim date. The firm did not identify and evaluate the nature of the changes that were made to the configuration of these reports after the testing dates to update its conclusion to the date of management's assessment. (AS 2201.55 and .56) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 56 The firm selected for testing controls over adjustments to one type of revenue and related accounts receivable and the gain on the sale of certain real estate assets. The issuer used system-generated reports in the performance of these controls. To test controls over the accuracy and completeness of these reports the firm either relied on testing performed in a prior year or tested one instance of the reports as of an interim date. The firm did not identify and evaluate the nature of the changes that were made to the configuration of these reports after the testing dates to update its conclusion to the date of management's assessment. (AS 2201.55 and .56) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Gain on Sale of Assets 1 AS 2201 56 The firm selected for testing controls over adjustments to one type of revenue and related accounts receivable and the gain on the sale of certain real estate assets. The issuer used system-generated reports in the performance of these controls. To test controls over the accuracy and completeness of these reports the firm either relied on testing performed in a prior year or tested one instance of the reports as of an interim date. The firm did not identify and evaluate the nature of the changes that were made to the configuration of these reports after the testing dates to update its conclusion to the date of management's assessment. (AS 2201.55 and .56) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 56 The firm selected for testing controls over adjustments to one type of revenue and related accounts receivable and the gain on the sale of certain real estate assets. The issuer used system-generated reports in the performance of these controls. To test controls over the accuracy and completeness of these reports the firm either relied on testing performed in a prior year or tested one instance of the reports as of an interim date. The firm did not identify and evaluate the nature of the changes that were made to the configuration of these reports after the testing dates to update its conclusion to the date of management's assessment. (AS 2201.55 and .56) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 16 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Gain on Sale of Assets 2 AS 2301 16 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 18 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Gain on Sale of Assets 2 AS 2301 18 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 37 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Gain on Sale of Assets 2 AS 2301 37 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 19 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Gain on Sale of Assets 2 AS 2315 19 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Gain on Sale of Assets 2 AS 2315 23 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23A The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Gain on Sale of Assets 2 AS 2315 23A The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in its substantive procedures to test adjustments to one type of revenue and related accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Acquired Real Estate Assets 3 AS 2201 42 During the year the issuer acquired certain real estate assets. The firm selected for testing certain controls each of which consisted of the review of a significant assumption used to determine the fair value of these acquired assets. The firm did not evaluate whether certain items that the control owners identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Acquired Real Estate Assets 3 AS 2201 44 During the year the issuer acquired certain real estate assets. The firm selected for testing certain controls each of which consisted of the review of a significant assumption used to determine the fair value of these acquired assets. The firm did not evaluate whether certain items that the control owners identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 39 During the year the issuer acquired numerous businesses. The firm did not identify and test any controls over the valuation of the assets acquired and liabilities assumed in these business combinations. (AS 2201.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2502 15 The firm did not perform any substantive procedures to test the valuation of the assets acquired and liabilities assumed in these business combinations. (AS 2502.15) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing a control that consisted of a review of certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of certain acquired intangible assets. The firm did not evaluate the review procedures performed including the criteria the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing a control that consisted of a review of certain assumptions underlying the cash-flow forecasts that the issuer used to determine the fair value of certain acquired intangible assets. The firm did not evaluate the review procedures performed including the criteria the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2201 42 In addition the firm did not test the aspect of this control that addressed the accuracy and completeness of certain data used in the valuation of these intangible assets. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2201 44 In addition the firm did not test the aspect of this control that addressed the accuracy and completeness of certain data used in the valuation of these intangible assets. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2201 39 The firm's approach for testing the fair value of these acquired intangible assets was to review and test management's process. The firm did not sufficiently test the accuracy and completeness of certain data that the issuer used to value these acquired intangible assets because its procedures were limited to comparing certain of these data to schedules the issuer had obtained from the acquired company. (AS 2502.39) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2502 26 In addition the firm did not sufficiently test certain assumptions underlying the forecasted revenue that the issuer used to value one of these intangible assets beyond inquiring of management and comparing these assumptions to an issuer-prepared schedule. (AS 2502.26 and .28) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2502 28 In addition the firm did not sufficiently test certain assumptions underlying the forecasted revenue that the issuer used to value one of these intangible assets beyond inquiring of management and comparing these assumptions to an issuer-prepared schedule. (AS 2502.26 and .28) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A Q No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 30 The firm did not identify and evaluate the significance to the notes related to the financial statements of the issuer's omission of a required disclosure under FASB ASC Topic 235 Notes to Financial Statements regarding its revenue recognition accounting policy for certain revenue. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A Q No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 31 The firm did not identify and evaluate the significance to the notes related to the financial statements of the issuer's omission of a required disclosure under FASB ASC Topic 235 Notes to Financial Statements regarding its revenue recognition accounting policy for certain revenue. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A R No ICFR audit only Audits with a single deficiency Deposit Liabilities 1 AS 2201 42 The issuer placed items in deposit suspense accounts when the items needed further evaluation or processing. The firm selected for testing a control that included a review of the issuer's deposit suspense account reconciliations. The firm did not evaluate the review procedures that the control owner performed including the assessment of whether items that had been cleared from the suspense accounts had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A R No ICFR audit only Audits with a single deficiency Deposit Liabilities 1 AS 2201 44 The issuer placed items in deposit suspense accounts when the items needed further evaluation or processing. The firm selected for testing a control that included a review of the issuer's deposit suspense account reconciliations. The firm did not evaluate the review procedures that the control owner performed including the assessment of whether items that had been cleared from the suspense accounts had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2018 United States KPMG International Cooperative 2020-04-28T00:00:00 Part I.A S No ICFR audit only Audits with a single deficiency Income Taxes 1 AS 2201 39 The firm selected for testing a control that included a review of the issuer's deferred tax assets and liabilities roll-forward schedule. The control owners used certain supporting schedules in the performance of this control but the firm did not identify and test any controls over the accuracy and completeness of the supporting schedules. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Investments 1 AS 2201 42 The issuer determined the fair value of an investment using projected cash flows of the investee company. The following deficiencies were identified: · The firm selected for testing a control that included a review of the reasonableness of the cash flows provided by the investee company. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of these cash flows. (AS 2201.42 and .44) As a result of our inspection procedures the firm reevaluated the issuer's control over the reasonableness of the cash flows used to determine the fair value of this investment and concluded along with the issuer that a control deficiency existed that constituted a material weakness that had not been previously identified. The issuer subsequently filed a Form 8-K and disclosed that the firm's opinion related to the effectiveness of the issuer's ICFR should no longer be relied upon due to this material weakness and the material weakness discussed below. Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Investments 1 AS 2201 44 The issuer determined the fair value of an investment using projected cash flows of the investee company. The following deficiencies were identified: · The firm selected for testing a control that included a review of the reasonableness of the cash flows provided by the investee company. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of these cash flows. (AS 2201.42 and .44) As a result of our inspection procedures the firm reevaluated the issuer's control over the reasonableness of the cash flows used to determine the fair value of this investment and concluded along with the issuer that a control deficiency existed that constituted a material weakness that had not been previously identified. The issuer subsequently filed a Form 8-K and disclosed that the firm's opinion related to the effectiveness of the issuer's ICFR should no longer be relied upon due to this material weakness and the material weakness discussed below. Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Investments 2 AS 2502 26 The issuer determined the fair value of an investment using projected cash flows of the investee company. The following deficiencies were identified: · The issuer determined the revenue projections underlying these cash flows by multiplying for each of the investee company's two products the quantities of units projected to be sold by an estimated selling price. For one of these products the firm did not evaluate the reasonableness of the projected quantities of units to be sold beyond inquiring of the investee company's management and comparing the current-year projected revenue for the investee company to actual revenue. (AS 2502.26 .28 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Investments 2 AS 2502 28 The issuer determined the fair value of an investment using projected cash flows of the investee company. The following deficiencies were identified: · The issuer determined the revenue projections underlying these cash flows by multiplying for each of the investee company's two products the quantities of units projected to be sold by an estimated selling price. For one of these products the firm did not evaluate the reasonableness of the projected quantities of units to be sold beyond inquiring of the investee company's management and comparing the current-year projected revenue for the investee company to actual revenue. (AS 2502.26 .28 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Investments 2 AS 2502 31 The issuer determined the fair value of an investment using projected cash flows of the investee company. The following deficiencies were identified: · The issuer determined the revenue projections underlying these cash flows by multiplying for each of the investee company's two products the quantities of units projected to be sold by an estimated selling price. For one of these products the firm did not evaluate the reasonableness of the projected quantities of units to be sold beyond inquiring of the investee company's management and comparing the current-year projected revenue for the investee company to actual revenue. (AS 2502.26 .28 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 3 AS 2201 42 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted cash flows. The following deficiencies were identified: · The firm selected for testing a control that included the review of the reasonableness of the forecasted cash flows for the acquired business including an assessment of the reasonableness of the revenue-growth assumptions underlying these cash flows. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the revenue-growth assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 3 AS 2201 44 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted cash flows. The following deficiencies were identified: · The firm selected for testing a control that included the review of the reasonableness of the forecasted cash flows for the acquired business including an assessment of the reasonableness of the revenue-growth assumptions underlying these cash flows. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the revenue-growth assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 4 AS 2502 26 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted cash flows. The following deficiencies were identified: · The issuer's forecasted cash flows were based on historical results. The firm concluded that the forecasted revenue growth rates underlying these cash flows were reasonable without performing procedures to evaluate whether the historical revenue growth rates of the acquired business and the historical industry results would be representative of future revenue growth rates of the acquired business beyond inquiring of management and comparing the forecasted revenue growth rates to either the historical revenue growth rates of the acquired business or to historical industry results. (AS 2502.26 .28 .31 and .36) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 4 AS 2502 28 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted cash flows. The following deficiencies were identified: · The issuer's forecasted cash flows were based on historical results. The firm concluded that the forecasted revenue growth rates underlying these cash flows were reasonable without performing procedures to evaluate whether the historical revenue growth rates of the acquired business and the historical industry results would be representative of future revenue growth rates of the acquired business beyond inquiring of management and comparing the forecasted revenue growth rates to either the historical revenue growth rates of the acquired business or to historical industry results. (AS 2502.26 .28 .31 and .36) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 4 AS 2502 31 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted cash flows. The following deficiencies were identified: · The issuer's forecasted cash flows were based on historical results. The firm concluded that the forecasted revenue growth rates underlying these cash flows were reasonable without performing procedures to evaluate whether the historical revenue growth rates of the acquired business and the historical industry results would be representative of future revenue growth rates of the acquired business beyond inquiring of management and comparing the forecasted revenue growth rates to either the historical revenue growth rates of the acquired business or to historical industry results. (AS 2502.26 .28 .31 and .36) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations 4 AS 2502 36 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted cash flows. The following deficiencies were identified: · The issuer's forecasted cash flows were based on historical results. The firm concluded that the forecasted revenue growth rates underlying these cash flows were reasonable without performing procedures to evaluate whether the historical revenue growth rates of the acquired business and the historical industry results would be representative of future revenue growth rates of the acquired business beyond inquiring of management and comparing the forecasted revenue growth rates to either the historical revenue growth rates of the acquired business or to historical industry results. (AS 2502.26 .28 .31 and .36) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 5 AS 2201 39 The issuer manually entered sales order quantities into the issuer's revenue system. This system was programmed to convert the quantities entered into weight sold to determine the customer invoice amount. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the accuracy and completeness of sales quantities manually entered into the system. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 6 AS 2201 39 The issuer manually entered sales order quantities into the issuer's revenue system. This system was programmed to convert the quantities entered into weight sold to determine the customer invoice amount. The following deficiencies were identified: · The firm selected for testing controls that consisted of comparisons of the total weight of inventory shipped to (1) the weight of the products ordered by customers and (2) the weight information the issuer used to generate customer invoices. The firm did not identify and test any controls over the accuracy of the weight information used in the operation of these controls. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 7 AS 2201 39 The issuer manually entered sales order quantities into the issuer's revenue system. This system was programmed to convert the quantities entered into weight sold to determine the customer invoice amount. The following deficiencies were identified: · The firm selected for testing controls over the accuracy of sales prices that consisted of a review of sales order prices below a minimum price and above certain maximum prices. The firm did not identify and test any controls over the accuracy of prices that did not meet these criteria. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 8 AS 2201 68 The issuer manually entered sales order quantities into the issuer's revenue system. This system was programmed to convert the quantities entered into weight sold to determine the customer invoice amount. The following deficiencies were identified: · For certain other revenue the firm identified a control deficiency related to a lack of controls over the accuracy of quantities shipped to customers and recorded as revenue. The firm identified various controls that it believed would compensate for this deficiency but its conclusion that these controls had a mitigating effect was inappropriate because these controls did not address the risk of potential misstatement related to inaccurate quantities. (AS 2201.68) As a result of our inspection procedures the firm reevaluated the issuer's controls over this revenue and concluded along with the issuer that certain control deficiencies existed that constituted a material weakness that had not been previously identified. The issuer subsequently filed a Form 8-K and disclosed that the firm's opinion related to the effectiveness of the issuer's ICFR should no longer be relied upon due to this material weakness and the material weakness discussed above. Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 46 The issuer's processes related to loans receivable the ALL investments derivatives and investment and brokerage services income were highly automated with transactions being initiated processed and recorded by numerous information-technology (“IT”) systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (“ITGCs”). The firm's sampling approach for testing ITGCs was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .47) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 46 The issuer's processes related to loans receivable the ALL investments derivatives and investment and brokerage services income were highly automated with transactions being initiated processed and recorded by numerous information-technology (“IT”) systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (“ITGCs”). The firm's sampling approach for testing ITGCs was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .47) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment and Brokerage Services Income 1 AS 2201 46 The issuer's processes related to loans receivable the ALL investments derivatives and investment and brokerage services income were highly automated with transactions being initiated processed and recorded by numerous information-technology (“IT”) systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (“ITGCs”). The firm's sampling approach for testing ITGCs was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .47) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 46 The issuer's processes related to loans receivable the ALL investments derivatives and investment and brokerage services income were highly automated with transactions being initiated processed and recorded by numerous information-technology (“IT”) systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (“ITGCs”). The firm's sampling approach for testing ITGCs was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .47) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 1 AS 2201 46 The issuer's processes related to loans receivable the ALL investments derivatives and investment and brokerage services income were highly automated with transactions being initiated processed and recorded by numerous information-technology (“IT”) systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (“ITGCs”). The firm's sampling approach for testing ITGCs was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .47) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 47 The issuer's processes related to loans receivable the ALL investments derivatives and investment and brokerage services income were highly automated with transactions being initiated processed and recorded by numerous information-technology (“IT”) systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (“ITGCs”). The firm's sampling approach for testing ITGCs was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .47) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 47 The issuer's processes related to loans receivable the ALL investments derivatives and investment and brokerage services income were highly automated with transactions being initiated processed and recorded by numerous information-technology (“IT”) systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (“ITGCs”). The firm's sampling approach for testing ITGCs was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .47) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment and Brokerage Services Income 1 AS 2201 47 The issuer's processes related to loans receivable the ALL investments derivatives and investment and brokerage services income were highly automated with transactions being initiated processed and recorded by numerous information-technology (“IT”) systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (“ITGCs”). The firm's sampling approach for testing ITGCs was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .47) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 47 The issuer's processes related to loans receivable the ALL investments derivatives and investment and brokerage services income were highly automated with transactions being initiated processed and recorded by numerous information-technology (“IT”) systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (“ITGCs”). The firm's sampling approach for testing ITGCs was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .47) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 1 AS 2201 47 The issuer's processes related to loans receivable the ALL investments derivatives and investment and brokerage services income were highly automated with transactions being initiated processed and recorded by numerous information-technology (“IT”) systems. The firm tested certain automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. The accuracy and completeness of these data and reports depended on effective IT general controls (“ITGCs”). The firm's sampling approach for testing ITGCs was inappropriate because it was based on an unsupported assumption that the population of ITGCs was homogeneous. As a result the firm's testing of these automated and IT-dependent manual controls over these areas was not sufficient. (AS 2201.46 and .47) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2301 42 The firm's procedures to test the outstanding balances of certain commercial loans and leases included confirmation procedures based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence because these procedures were limited to testing account reconciliations and a small number of loans and leases. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence over these commercial loan and lease balances. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 2 AS 2301 42 The firm's procedures to test the outstanding balances of certain commercial loans and leases included confirmation procedures based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence because these procedures were limited to testing account reconciliations and a small number of loans and leases. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence over these commercial loan and lease balances. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2315 19 The firm's procedures to test the outstanding balances of certain commercial loans and leases included confirmation procedures based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence because these procedures were limited to testing account reconciliations and a small number of loans and leases. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence over these commercial loan and lease balances. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 2 AS 2315 19 The firm's procedures to test the outstanding balances of certain commercial loans and leases included confirmation procedures based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence because these procedures were limited to testing account reconciliations and a small number of loans and leases. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence over these commercial loan and lease balances. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2315 23 The firm's procedures to test the outstanding balances of certain commercial loans and leases included confirmation procedures based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence because these procedures were limited to testing account reconciliations and a small number of loans and leases. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence over these commercial loan and lease balances. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 2 AS 2315 23 The firm's procedures to test the outstanding balances of certain commercial loans and leases included confirmation procedures based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence because these procedures were limited to testing account reconciliations and a small number of loans and leases. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence over these commercial loan and lease balances. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2315 23A The firm's procedures to test the outstanding balances of certain commercial loans and leases included confirmation procedures based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence because these procedures were limited to testing account reconciliations and a small number of loans and leases. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence over these commercial loan and lease balances. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 2 AS 2315 23A The firm's procedures to test the outstanding balances of certain commercial loans and leases included confirmation procedures based on a nonstatistical sampling approach that was designed assuming a certain level of substantive evidence the firm planned to obtain from its other substantive procedures. These other substantive procedures did not provide the planned level of substantive evidence because these procedures were limited to testing account reconciliations and a small number of loans and leases. As a result the nonstatistical samples were too small to provide sufficient appropriate audit evidence over these commercial loan and lease balances. (AS 2301.42; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 42 As part of the issuer's overall credit risk assessment for commercial loans collectively evaluated for impairment the issuer determined loan grades for each loan. These loan grades were an important factor in estimating the ALL for commercial loans. The following deficiencies were identified: · The firm selected for testing a control that consisted of an independent review of the loan grades and other key inputs used to estimate the ALL. All loans and commitments were subject to this review within a three-year period. The firm also selected for testing another control that consisted of the approval of all loan-grade changes made subsequent to the origination of the loan. The firm did not consider that these controls were not designed to require in the period under audit that all loans that the issuer had identified as having a high risk of inappropriate loan grades be subject to an independent loan-grade review. (AS 2201.42) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 42 As part of the issuer's overall credit risk assessment for commercial loans collectively evaluated for impairment the issuer determined loan grades for each loan. These loan grades were an important factor in estimating the ALL for commercial loans. The following deficiencies were identified: · The issuer determined loan grades using loan scorecards that were prepared for each borrower. The firm selected for testing a control that consisted of the monthly review of a sample of loan scorecards to evaluate the accuracy and completeness of the loan information and numerous other key inputs. The firm did not test the review procedures the control owner performed to evaluate numerous inputs to the scorecard that were important in determining the loan grade. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2201 44 As part of the issuer's overall credit risk assessment for commercial loans collectively evaluated for impairment the issuer determined loan grades for each loan. These loan grades were an important factor in estimating the ALL for commercial loans. The following deficiencies were identified: · The issuer determined loan grades using loan scorecards that were prepared for each borrower. The firm selected for testing a control that consisted of the monthly review of a sample of loan scorecards to evaluate the accuracy and completeness of the loan information and numerous other key inputs. The firm did not test the review procedures the control owner performed to evaluate numerous inputs to the scorecard that were important in determining the loan grade. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2501 11 As part of the issuer's overall credit risk assessment for commercial loans collectively evaluated for impairment the issuer determined loan grades for each loan. These loan grades were an important factor in estimating the ALL for commercial loans. The following deficiencies were identified: · The firm used the loan scorecards in its substantive testing of the appropriateness of the assigned loan grades for commercial loans. The firm did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of the loan information and other key inputs included in these scorecards. (AS 2501.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2301 16 As part of the issuer's overall credit risk assessment for commercial loans collectively evaluated for impairment the issuer determined loan grades for each loan. These loan grades were an important factor in estimating the ALL for commercial loans. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the appropriateness of the assigned loan grades for commercial loans was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2301 18 As part of the issuer's overall credit risk assessment for commercial loans collectively evaluated for impairment the issuer determined loan grades for each loan. These loan grades were an important factor in estimating the ALL for commercial loans. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the appropriateness of the assigned loan grades for commercial loans was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2301 37 As part of the issuer's overall credit risk assessment for commercial loans collectively evaluated for impairment the issuer determined loan grades for each loan. These loan grades were an important factor in estimating the ALL for commercial loans. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the appropriateness of the assigned loan grades for commercial loans was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2315 19 As part of the issuer's overall credit risk assessment for commercial loans collectively evaluated for impairment the issuer determined loan grades for each loan. These loan grades were an important factor in estimating the ALL for commercial loans. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the appropriateness of the assigned loan grades for commercial loans was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2315 23 As part of the issuer's overall credit risk assessment for commercial loans collectively evaluated for impairment the issuer determined loan grades for each loan. These loan grades were an important factor in estimating the ALL for commercial loans. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the appropriateness of the assigned loan grades for commercial loans was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2315 23A As part of the issuer's overall credit risk assessment for commercial loans collectively evaluated for impairment the issuer determined loan grades for each loan. These loan grades were an important factor in estimating the ALL for commercial loans. The following deficiencies were identified: · The sample size the firm used in certain of its substantive procedures to test the appropriateness of the assigned loan grades for commercial loans was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 7 AS 2201 42 The issuer used various models including models to value certain derivatives and to determine certain components of the ALL. The firm selected for testing controls that consisted of the (1) periodic validation of certain of these models including new or updated models and (2) annual review of all models. For the validation control the firm did not evaluate the specific review procedures the control owners performed to validate certain aspects of certain models. Further the firm did not evaluate certain review procedures that the control owners performed as part of the annual model review. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 7 AS 2201 42 The issuer used various models including models to value certain derivatives and to determine certain components of the ALL. The firm selected for testing controls that consisted of the (1) periodic validation of certain of these models including new or updated models and (2) annual review of all models. For the validation control the firm did not evaluate the specific review procedures the control owners performed to validate certain aspects of certain models. Further the firm did not evaluate certain review procedures that the control owners performed as part of the annual model review. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 7 AS 2201 44 The issuer used various models including models to value certain derivatives and to determine certain components of the ALL. The firm selected for testing controls that consisted of the (1) periodic validation of certain of these models including new or updated models and (2) annual review of all models. For the validation control the firm did not evaluate the specific review procedures the control owners performed to validate certain aspects of certain models. Further the firm did not evaluate certain review procedures that the control owners performed as part of the annual model review. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 7 AS 2201 44 The issuer used various models including models to value certain derivatives and to determine certain components of the ALL. The firm selected for testing controls that consisted of the (1) periodic validation of certain of these models including new or updated models and (2) annual review of all models. For the validation control the firm did not evaluate the specific review procedures the control owners performed to validate certain aspects of certain models. Further the firm did not evaluate certain review procedures that the control owners performed as part of the annual model review. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 39 The issuer recorded the fair values of available-for-sale (“AFS”) securities based on the prices it obtained from an external pricing service. The firm selected for testing a control that consisted of the comparison of these prices to prices obtained from another external pricing service; the securities and prices obtained from each external pricing service were manually entered by the issuer into a spreadsheet for this comparison. The firm did not identify and test any controls over whether the prices that were manually entered into this spreadsheet were accurate and complete. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2201 42 The firm selected for testing a control that consisted of the review of the categorization of AFS securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not evaluate the review procedures that the control owner performed including the criteria the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and 44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2201 44 The firm selected for testing a control that consisted of the review of the categorization of AFS securities within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm did not evaluate the review procedures that the control owner performed including the criteria the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and 44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 3 AS 2201 42 The issuer placed items in deposit clearing or suspense accounts when the items required further evaluation. The firm selected for testing controls that consisted of reviews of monthly reconciliations of the issuer's deposit clearing and suspense accounts. The firm did not evaluate the review procedures performed including the assessment of whether items that had been cleared from these accounts had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 3 AS 2201 44 The issuer placed items in deposit clearing or suspense accounts when the items required further evaluation. The firm selected for testing controls that consisted of reviews of monthly reconciliations of the issuer's deposit clearing and suspense accounts. The firm did not evaluate the review procedures performed including the assessment of whether items that had been cleared from these accounts had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 4 AS 2301 8 For the population of loans that the firm did not subject to confirmation procedures the firm did not perform any procedures to obtain evidence that the outstanding loan balances were accurate at year end. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Loss Reserves 1 AS 2201 39 The firm did not identify and test any controls over the issuer's determination of the discount rates that it used in cash-flow models to calculate its loss and loss adjustment expense reserves (“loss reserves”). (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Loss Reserves 2 AS 2201 42 For one of the issuer's segments the firm selected for testing various controls over the models and underlying assumptions the issuer used to estimate its loss reserves. The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of these models and the assumptions used to estimate the loss reserves. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Loss Reserves 2 AS 2201 44 For one of the issuer's segments the firm selected for testing various controls over the models and underlying assumptions the issuer used to estimate its loss reserves. The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of these models and the assumptions used to estimate the loss reserves. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 3 AS 2502 26 The issuer held certain loans receivable that were measured at fair value. These receivables were collateralized by secured loans to and equity interests in privately-held companies (“the portfolio companies”). To estimate the fair value of the receivables the issuer valued the portfolio companies using models for which the inputs included the historical financial information of the portfolio companies and certain assumptions. Due to certain circumstances the historical information that was available to the issuer and used in these models was limited to unaudited financial information that was one to three years old and the firm used this information in its substantive testing to develop independent estimates of fair value for a sample of the portfolio companies. The firm's procedures did not address the relevance of the historical financial information. (AS 2502.26 .28 and .39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 3 AS 2502 28 The issuer held certain loans receivable that were measured at fair value. These receivables were collateralized by secured loans to and equity interests in privately-held companies (“the portfolio companies”). To estimate the fair value of the receivables the issuer valued the portfolio companies using models for which the inputs included the historical financial information of the portfolio companies and certain assumptions. Due to certain circumstances the historical information that was available to the issuer and used in these models was limited to unaudited financial information that was one to three years old and the firm used this information in its substantive testing to develop independent estimates of fair value for a sample of the portfolio companies. The firm's procedures did not address the relevance of the historical financial information. (AS 2502.26 .28 and .39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Loans Receivable 3 AS 2502 39 The issuer held certain loans receivable that were measured at fair value. These receivables were collateralized by secured loans to and equity interests in privately-held companies (“the portfolio companies”). To estimate the fair value of the receivables the issuer valued the portfolio companies using models for which the inputs included the historical financial information of the portfolio companies and certain assumptions. Due to certain circumstances the historical information that was available to the issuer and used in these models was limited to unaudited financial information that was one to three years old and the firm used this information in its substantive testing to develop independent estimates of fair value for a sample of the portfolio companies. The firm's procedures did not address the relevance of the historical financial information. (AS 2502.26 .28 and .39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 42 The firm selected for testing a control that consisted of a review of the reasonableness of the forecasts used in the issuer's goodwill impairment analysis including an evaluation of the revenue-growth assumptions underlying these forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the revenue-growth assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 44 The firm selected for testing a control that consisted of a review of the reasonableness of the forecasts used in the issuer's goodwill impairment analysis including an evaluation of the revenue-growth assumptions underlying these forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the revenue-growth assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 2 AS 2201 39 The issuer's policy was to group long-lived assets including customer-relationship intangible assets together at the reportable segment level for purposes of evaluating its long-lived assets for possible impairment. The following deficiencies were identified: · The firm did not identify and test any controls over the determination of the issuer's asset groupings. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 3 AS 2501 11 The issuer's policy was to group long-lived assets including customer-relationship intangible assets together at the reportable segment level for purposes of evaluating its long-lived assets for possible impairment. The following deficiencies were identified: · The firm did not evaluate beyond reading the issuer's accounting policy whether the issuer's determination that the lowest level of identifiable and independent cash flows available were at the issuer's reportable segments level was in conformity with FASB ASC Subtopic 360-10 Property Plant and Equipment - Overall. (AS 2501.11; AS 2810.30) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 3 AS 2810 30 The issuer's policy was to group long-lived assets including customer-relationship intangible assets together at the reportable segment level for purposes of evaluating its long-lived assets for possible impairment. The following deficiencies were identified: · The firm did not evaluate beyond reading the issuer's accounting policy whether the issuer's determination that the lowest level of identifiable and independent cash flows available were at the issuer's reportable segments level was in conformity with FASB ASC Subtopic 360-10 Property Plant and Equipment - Overall. (AS 2501.11; AS 2810.30) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 42 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted sales and cash flows and other assumptions including customer attrition rates. The following deficiencies were identified: · The firm selected for testing a control that included reviews of the reasonableness of the (1) revenue-growth assumptions underlying the forecast for the acquired business and (2) attrition-rate assumptions. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the revenue-growth assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 44 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted sales and cash flows and other assumptions including customer attrition rates. The following deficiencies were identified: · The firm selected for testing a control that included reviews of the reasonableness of the (1) revenue-growth assumptions underlying the forecast for the acquired business and (2) attrition-rate assumptions. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the revenue-growth assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2201 42 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted sales and cash flows and other assumptions including customer attrition rates. The following deficiencies were identified: · In addition the firm did not perform any procedures beyond inquiring of management to test the aspect of this control related to the issuer's evaluation of the accuracy and completeness of the historical revenue data used to determine the attrition rates. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2201 44 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted sales and cash flows and other assumptions including customer attrition rates. The following deficiencies were identified: · In addition the firm did not perform any procedures beyond inquiring of management to test the aspect of this control related to the issuer's evaluation of the accuracy and completeness of the historical revenue data used to determine the attrition rates. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2502 26 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted sales and cash flows and other assumptions including customer attrition rates. The following deficiencies were identified: · The forecast the issuer used to determine the fair value of acquired intangible assets assumed significant revenue growth and the firm documented that the issuer planned to implement various strategies to increase the revenue of the acquired business. The firm concluded that the forecasted revenue growth rates were reasonable without performing any procedures beyond inquiring of management to evaluate the issuer's ability to carry out its planned strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2502 28 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted sales and cash flows and other assumptions including customer attrition rates. The following deficiencies were identified: · The forecast the issuer used to determine the fair value of acquired intangible assets assumed significant revenue growth and the firm documented that the issuer planned to implement various strategies to increase the revenue of the acquired business. The firm concluded that the forecasted revenue growth rates were reasonable without performing any procedures beyond inquiring of management to evaluate the issuer's ability to carry out its planned strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2502 31 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted sales and cash flows and other assumptions including customer attrition rates. The following deficiencies were identified: · The forecast the issuer used to determine the fair value of acquired intangible assets assumed significant revenue growth and the firm documented that the issuer planned to implement various strategies to increase the revenue of the acquired business. The firm concluded that the forecasted revenue growth rates were reasonable without performing any procedures beyond inquiring of management to evaluate the issuer's ability to carry out its planned strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2502 36 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted sales and cash flows and other assumptions including customer attrition rates. The following deficiencies were identified: · The forecast the issuer used to determine the fair value of acquired intangible assets assumed significant revenue growth and the firm documented that the issuer planned to implement various strategies to increase the revenue of the acquired business. The firm concluded that the forecasted revenue growth rates were reasonable without performing any procedures beyond inquiring of management to evaluate the issuer's ability to carry out its planned strategies to achieve these forecasts. (AS 2502.26 .28 .31 and .36) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2502 39 During the year the issuer acquired a business and determined the fair value of the acquired intangible assets using forecasted sales and cash flows and other assumptions including customer attrition rates. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the accuracy of the historical revenue data of the acquired business that the issuer used to determine the attrition rates. (AS 2502.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm tested controls over the issuer's physical observations which occurred as of various interim dates within the last four months of the issuer's fiscal year. The firm did not identify and test controls that addressed changes to physical inventory quantities between the dates of the physical inventory observations and year end. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 In addition certain inventory for one location was not subject to the issuer's physical observation controls and the firm did not identify and test any controls over the existence of this inventory. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2305 13 The firm performed substantive analytical procedures to extend its conclusions on the existence of inventory from the interim dates at which it performed physical observations to year end. The firm did not perform procedures to obtain evidence that the expectations it used in these analytical procedures would be predictive of inventory as of year end. Further the firm identified a significant difference between the expected and actual year-end inventory balances for one location but did not evaluate this difference beyond inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2305 14 The firm performed substantive analytical procedures to extend its conclusions on the existence of inventory from the interim dates at which it performed physical observations to year end. The firm did not perform procedures to obtain evidence that the expectations it used in these analytical procedures would be predictive of inventory as of year end. Further the firm identified a significant difference between the expected and actual year-end inventory balances for one location but did not evaluate this difference beyond inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2305 21 The firm performed substantive analytical procedures to extend its conclusions on the existence of inventory from the interim dates at which it performed physical observations to year end. The firm did not perform procedures to obtain evidence that the expectations it used in these analytical procedures would be predictive of inventory as of year end. Further the firm identified a significant difference between the expected and actual year-end inventory balances for one location but did not evaluate this difference beyond inquiring of management. (AS 2305.13 .14 and .21) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 For certain revenue the issuer received customer orders electronically that were processed through its sales system. The firm selected for testing various automated controls over the processing of orders generation of invoices and recording of revenue. The firm obtained an understanding of the system's configuration settings but did not test whether these automated controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 For certain revenue the issuer received customer orders electronically that were processed through its sales system. The firm selected for testing various automated controls over the processing of orders generation of invoices and recording of revenue. The firm obtained an understanding of the system's configuration settings but did not test whether these automated controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 Customer-shipment information which was manually entered into the issuer's shipping system was transferred from the shipping system to the sales system to record certain revenue and generate customer invoices. The firm selected for testing a control that included the issuer's review of the customer-shipment information to determine whether revenue was appropriately recorded. The firm did not identify and test any controls over the accuracy and completeness of the customer-shipment information that was entered into the shipping system and used in the operation of this control. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For certain revenue the firm did not identify and test any controls over the accuracy of sales order prices manually entered into the sales system and quantities shipped and/or invoiced to customers. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 1 AS 2810 30 During the year the issuer acquired a business. The firm did not perform procedures to evaluate whether all identifiable assets acquired were recognized in conformity with FASB ASC Topic 805 Business Combinations beyond reading the merger agreement and purchase-price allocation that the issuer prepared and inquiring of management. (AS 2810.30) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 2 AS 2502 39 The issuer used historical cost data as an input to determine the fair value of certain acquired intangible assets. The firm did not sufficiently test the accuracy and completeness of these cost data because its procedures were limited to inquiring of management comparing the cost data to unaudited information and determining that certain costs were appropriately excluded. (AS 2502.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2502 26 The issuer used projected sales of three acquired products adjusted by probability assumptions to determine the fair value of certain contingent consideration arrangements related to the acquisition. The firm did not sufficiently evaluate the probability assumptions for all three products and the reasonableness of the projected sales for two of these products because its procedures were limited to inquiring of management and reading general market information. (AS 2502.26 and .28) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 3 AS 2502 28 The issuer used projected sales of three acquired products adjusted by probability assumptions to determine the fair value of certain contingent consideration arrangements related to the acquisition. The firm did not sufficiently evaluate the probability assumptions for all three products and the reasonableness of the projected sales for two of these products because its procedures were limited to inquiring of management and reading general market information. (AS 2502.26 and .28) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2502 26 In addition the firm did not perform any procedures to evaluate the reasonableness of the projected sales for the third product. (AS 2502.26 and .28) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combinations 4 AS 2502 28 In addition the firm did not perform any procedures to evaluate the reasonableness of the projected sales for the third product. (AS 2502.26 and .28) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Business Combinations 1 AS 2201 42 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset based on a valuation model that used forecasted revenue and gross margin assumptions as inputs. The firm selected for testing a control that included the review of the reasonableness of these assumptions. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the forecasted revenue and gross margin assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Business Combinations 1 AS 2201 44 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset based on a valuation model that used forecasted revenue and gross margin assumptions as inputs. The firm selected for testing a control that included the review of the reasonableness of these assumptions. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the forecasted revenue and gross margin assumptions. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Long-Lived Asset 1 AS 2501 11 The issuer performed an impairment analysis for an energy-producing asset using projected cash-flow scenarios that were based on possible changes to the revenue contract underlying this asset. The issuer weighted each cash-flow scenario to develop a probability-weighted estimate of the asset's undiscounted cash flows to evaluate whether the carrying value of the asset was recoverable. The firm did not perform procedures to obtain evidence about the reasonableness of the probability weighting assigned to each of the cash-flow scenarios. (AS 2501.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2018 United States PricewaterhouseCoopers International Limited 2020-04-28T00:00:00 Part I.A N No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2501 11 The issuer concluded that an excess and obsolete reserve for one of the issuer's products was not necessary based on potential sales opportunities with certain customers despite a significant decline in sales in the year under audit and a forecasted further decline in sales for the following year. The firm did not evaluate the reasonableness of the issuer's assumption that it would achieve these potential sales opportunities beyond inquiring of management and reading certain issuer-prepared marketing and sales information. (AS 2501.11) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 42 The firm selected for testing a control that consisted of an annual review of certain loans including an evaluation of loan grades. The loan grade was an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve component of the ALL. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the appropriateness of the loan grade. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 44 The firm selected for testing a control that consisted of an annual review of certain loans including an evaluation of loan grades. The loan grade was an important input in determining whether a loan would be individually evaluated for impairment or considered as part of the general reserve component of the ALL. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the appropriateness of the loan grade. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 39 The firm selected for testing controls over the review of non-accrual loans and loans identified as troubled debt restructurings. The firm did not identify and test any controls over the accuracy and completeness of the reports that the control owners reviewed in the performance of these controls. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2201 39 The firm did not identify and test any controls over the issuer's identification of other loans with impairment indicators that had not already been placed in non-accrual status or identified as troubled debt restructurings. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2315 23 The firm's sample to test the reasonableness of loan grades was too small because in determining its sample size the firm did not appropriately consider the characteristics of the population. (AS 2315.23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 4 AS 2315 23A The firm's sample to test the reasonableness of loan grades was too small because in determining its sample size the firm did not appropriately consider the characteristics of the population. (AS 2315.23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2201 42 The issuer used a model to estimate the general reserve component of the ALL which consisted of quantitative qualitative and unallocated components. The unallocated component represented a significant portion of the general reserve. The following deficiencies were identified: · The firm selected for testing a control that consisted of the evaluation of the reasonableness of the ALL including the general reserve. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain assumptions used to estimate the general reserve. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 5 AS 2201 44 The issuer used a model to estimate the general reserve component of the ALL which consisted of quantitative qualitative and unallocated components. The unallocated component represented a significant portion of the general reserve. The following deficiencies were identified: · The firm selected for testing a control that consisted of the evaluation of the reasonableness of the ALL including the general reserve. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain assumptions used to estimate the general reserve. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 6 AS 2501 7 The issuer used a model to estimate the general reserve component of the ALL which consisted of quantitative qualitative and unallocated components. The unallocated component represented a significant portion of the general reserve. The following deficiencies were identified: · With respect to the firm's substantive testing of the general reserve the firm did not test the reasonableness of the significant unallocated component beyond comparing the current year's general reserve to the prior year's. (AS 2501.07) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 7 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of the deposit transaction data that were input into the issuer's deposits system. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 8 AS 2201 39 The issuer placed items in deposit suspense accounts when the items required further evaluation. The firm did not identify and test any controls over the review of items in certain of these accounts and whether those items were appropriately resolved. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 9 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 9 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 9 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 9 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 9 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 9 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test deposit liabilities were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 10 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of deposit liabilities. For the items in its sample for which the requested confirmations were not returned or were returned with exceptions the firm did not perform alternative procedures that provided sufficient evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.31) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2315 23 The issuer assigned a loan grade to each loan. The loan grade was an important input in determining whether the loan would be individually evaluated for impairment or considered as part of the general reserve. The firm's sample to test the reasonableness of loan grades was too small because in determining its sample size the firm did not appropriately consider the characteristics of the population. (AS 2315.23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2315 23A The issuer assigned a loan grade to each loan. The loan grade was an important input in determining whether the loan would be individually evaluated for impairment or considered as part of the general reserve. The firm's sample to test the reasonableness of loan grades was too small because in determining its sample size the firm did not appropriately consider the characteristics of the population. (AS 2315.23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2501 10 The firm performed various substantive procedures to evaluate the reasonableness of the methods and assumptions the issuer used to calculate the qualitative component of the general reserve of the ALL for originated loans. The firm did not evaluate the reasonableness of certain assumptions the issuer used to estimate the underlying qualitative factors beyond comparing these factors to prior periods inquiring about any changes and recalculating the reserve. (AS 2501.10) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses 3 AS 2501 10 The issuer allocated loans between purchased loans and originated loans for each of six types of loans and then applied different loss rates to each population. The firm did not test the accuracy of the allocation of loans between purchased loans and originated loans. (AS 2501.10) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Loans Receivable 4 AS 1105 4 The issuer engaged service providers to process loan payments based on loan information provided by the issuer for a significant portion of the issuer's loans receivable. The firm's testing of these loans receivable was insufficient because its procedures were limited to confirming loan information with these service providers. (AS 1105.04 and .08) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Loans Receivable 4 AS 1105 8 The issuer engaged service providers to process loan payments based on loan information provided by the issuer for a significant portion of the issuer's loans receivable. The firm's testing of these loans receivable was insufficient because its procedures were limited to confirming loan information with these service providers. (AS 1105.04 and .08) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Loans Receivable 5 AS 2301 36 The firm did not perform any substantive procedures to test loan premiums and discounts. (AS 2301.36) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Deposit Liabilities 6 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of deposit liabilities. For the items in its sample for which the requested confirmations were not returned or were returned with exceptions the firm did not perform alternative procedures that provided sufficient evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.31) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized revenue for each of its three segments based on the terms underlying its contracts with customers. The firm did not identify and test any controls over the identification and consideration of contract terms that would affect revenue recognition. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 68 The firm tested certain automated and information technology (“IT”) dependent manual controls over revenue that used data and reports generated or maintained by the issuer's revenue systems. The firm tested IT general controls (“ITGCs”) over these systems and identified multiple control deficiencies at two of the issuer's segments. In performing its testing of identified compensating controls for those segments the firm did not identify that the control owners used information in the performance of two of these compensating controls that was produced by the systems that were subject to the ITGC deficiencies. (AS 2201.68) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 In the firm's tests of details of revenue for one of the issuer's segments which recorded revenue at the date of shipment the firm did not identify and evaluate for multiple transactions selected for testing the significant differences between the date of shipment and the date revenue was recognized. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 In performing its cut-off testing the firm did not test or in the alternative test any controls over the accuracy and completeness of the system-generated reports from which it made its selections for testing. (AS 1105.10) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 6 AS 2502 26 During the year the issuer acquired a business. The firm did not test the reasonableness of the expected gross margin the issuer used to estimate the fair value of acquired finished goods inventory. (AS 2502.26 and .28) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 6 AS 2502 28 During the year the issuer acquired a business. The firm did not test the reasonableness of the expected gross margin the issuer used to estimate the fair value of acquired finished goods inventory. (AS 2502.26 and .28) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls over the review of contracts that provided preferred pricing to certain customers or controls to determine that the prices charged to customers were consistent with the contracts. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any substantive procedures to test revenue from contracts that provided preferred pricing to certain customers including procedures to (1) identify and evaluate any contract terms that would affect revenue recognition and (2) evaluate whether the prices charged were consistent with the customer contracts. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm did not identify and test any controls over the review of contracts that provided preferred pricing to certain customers or controls to determine that the prices charged to customers were consistent with the contracts. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any substantive procedures to test revenue from contracts that provided preferred pricing to certain customers including procedures to (1) identify and evaluate any contract terms that would affect revenue recognition and (2) evaluate whether the prices charged were consistent with the customer contracts. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing controls over revenue consisting of reviews of (1) monthly reports used to record sales and (2) quarterly sales adjustments. The firm did not evaluate the review procedures that the control owners performed including the criteria the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing controls over revenue consisting of reviews of (1) monthly reports used to record sales and (2) quarterly sales adjustments. The firm did not evaluate the review procedures that the control owners performed including the criteria the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 39 The firm selected for testing a control that consisted of a quarterly review of the provision for income taxes. The firm did not identify and test any controls over the accuracy and completeness of the information used by the control owner in the performance of this control. (AS 2201.39) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 2 AS 2301 8 The issuer's deferred tax liabilities were primarily related to timing differences between book and tax depreciation expense for property and equipment. The firm did not perform any substantive procedures to test tax depreciation. (AS 2301.08) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used two service organizations to process certain revenue. For one service organization the firm did not perform any procedures to obtain evidence regarding the service organization's controls for the year under audit. For the other service organization the firm did not perform any procedures to ascertain whether there were any changes in the service organization's controls from the date of the service auditor's report which was 11 months before year end. In addition the firm selected for testing certain IT-dependent manual controls over this revenue that used data and reports from the two service organizations. The firm's testing of these controls was insufficient due to the deficiencies discussed above. (AS 2201.39 .B19 .B24 and .B25) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 B19 The issuer used two service organizations to process certain revenue. For one service organization the firm did not perform any procedures to obtain evidence regarding the service organization's controls for the year under audit. For the other service organization the firm did not perform any procedures to ascertain whether there were any changes in the service organization's controls from the date of the service auditor's report which was 11 months before year end. In addition the firm selected for testing certain IT-dependent manual controls over this revenue that used data and reports from the two service organizations. The firm's testing of these controls was insufficient due to the deficiencies discussed above. (AS 2201.39 .B19 .B24 and .B25) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 B24 The issuer used two service organizations to process certain revenue. For one service organization the firm did not perform any procedures to obtain evidence regarding the service organization's controls for the year under audit. For the other service organization the firm did not perform any procedures to ascertain whether there were any changes in the service organization's controls from the date of the service auditor's report which was 11 months before year end. In addition the firm selected for testing certain IT-dependent manual controls over this revenue that used data and reports from the two service organizations. The firm's testing of these controls was insufficient due to the deficiencies discussed above. (AS 2201.39 .B19 .B24 and .B25) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 B25 The issuer used two service organizations to process certain revenue. For one service organization the firm did not perform any procedures to obtain evidence regarding the service organization's controls for the year under audit. For the other service organization the firm did not perform any procedures to ascertain whether there were any changes in the service organization's controls from the date of the service auditor's report which was 11 months before year end. In addition the firm selected for testing certain IT-dependent manual controls over this revenue that used data and reports from the two service organizations. The firm's testing of these controls was insufficient due to the deficiencies discussed above. (AS 2201.39 .B19 .B24 and .B25) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 1 AS 2201 42 The firm selected for testing four controls over the capitalization of internally developed software. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether project costs met the criteria for capitalization in conformity with FASB ASC Subtopic 350-40 Intangibles – Goodwill and Other – Internal-Use Software. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 1 AS 2201 44 The firm selected for testing four controls over the capitalization of internally developed software. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether project costs met the criteria for capitalization in conformity with FASB ASC Subtopic 350-40 Intangibles – Goodwill and Other – Internal-Use Software. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 2 AS 2201 62 Three of the four controls discussed above used reports generated by the issuer's project management system for which the firm tested ITGCs. The firm identified a deficiency related to certain individuals having privileged access to this system that could circumvent controls but did not evaluate the severity of this deficiency. (AS 2201.62) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 3 AS 2201 55 In addition the firm selected for testing a control over change management for the project management system. The firm tested this control through the second quarter but did not perform any procedures to update the results of its testing from that interim date to the issuer's year end. (AS 2201.55 and .56) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 3 AS 2201 56 In addition the firm selected for testing a control over change management for the project management system. The firm tested this control through the second quarter but did not perform any procedures to update the results of its testing from that interim date to the issuer's year end. (AS 2201.55 and .56) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 4 AS 2201 46 As a result of these testing deficiencies the firm's testing of the three controls discussed above was not sufficient because these controls used reports generated by this system. (AS 2201.46 and .47) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 4 AS 2201 47 As a result of these testing deficiencies the firm's testing of the three controls discussed above was not sufficient because these controls used reports generated by this system. (AS 2201.46 and .47) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 5 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test capitalized internally developed software costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 5 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test capitalized internally developed software costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 5 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test capitalized internally developed software costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 5 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test capitalized internally developed software costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 5 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test capitalized internally developed software costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Capitalized Internally Developed Software 5 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test capitalized internally developed software costs were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A J No ICFR audit only Audits with a single deficiency Inventory 1 AS 2201 42 The issuer stored certain raw materials in boxes with varying quantities. The firm selected for testing a cycle-count control over the existence of this inventory that consisted of (1) selecting a daily count location within the warehouse and counting the boxes of inventory in that location and (2) counting the contents of a small number of these boxes. In testing the cycle-count procedures that the issuer used for this inventory the firm did not evaluate whether the control was appropriately designed because the control owner was only required to count the contents of a small number of boxes in the selected daily count location. Further the firm did not test whether this control addressed that all inventory locations within the warehouse were counted during the period. (AS 2201.42) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A K No ICFR audit only Audits with a single deficiency Income Taxes 1 AS 2201 42 The firm selected for testing a control that consisted of a review of uncertain tax positions. The firm did not evaluate the review procedures that the control owner performed including the criteria the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, LLP 2018 United States BDO International Limited 2020-04-28T00:00:00 Part I.A K No ICFR audit only Audits with a single deficiency Income Taxes 1 AS 2201 44 The firm selected for testing a control that consisted of a review of uncertain tax positions. The firm did not evaluate the review procedures that the control owner performed including the criteria the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The issuer recorded revenue net of estimated allowances for contractual adjustments. The firm selected for testing controls that consisted of the monthly review of (1) the reasonableness of the estimated allowances for contractual adjustments and (2) the comparison of net revenue to cash collections. The firm did not identify and test any controls over (1) the accuracy and completeness of a report used in the operation of one of these controls and (2) the accuracy and/or completeness of certain data that were used in the operation of both controls. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recorded revenue net of estimated allowances for contractual adjustments. The firm selected for testing controls that consisted of the monthly review of (1) the reasonableness of the estimated allowances for contractual adjustments and (2) the comparison of net revenue to cash collections. The firm did not identify and test any controls over (1) the accuracy and completeness of a report used in the operation of one of these controls and (2) the accuracy and/or completeness of certain data that were used in the operation of both controls. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2501 11 The firm did not test the accuracy of the billing rates that the issuer used to determine the allowances for contractual adjustments. Further the firm did not sufficiently test the accuracy and completeness of the cash collection data the issuer used to determine the allowances because the firm limited its procedures to comparing the data to a system-generated report that it had not tested. (AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2501 11 The firm did not test the accuracy of the billing rates that the issuer used to determine the allowances for contractual adjustments. Further the firm did not sufficiently test the accuracy and completeness of the cash collection data the issuer used to determine the allowances because the firm limited its procedures to comparing the data to a system-generated report that it had not tested. (AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The issuer reclassified credit balances in accounts receivable to accounts payable at year end. The firm did not identify and test any controls that addressed the risk that these credit balances may have resulted from errors in the allowances for contractual adjustments. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer reclassified credit balances in accounts receivable to accounts payable at year end. The firm did not identify and test any controls that addressed the risk that these credit balances may have resulted from errors in the allowances for contractual adjustments. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 8 The firm did not perform any substantive procedures to corroborate management's assertion that the credit balances discussed above represented amounts due to third parties rather than errors in the amounts recorded as allowances for contractual adjustments. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The firm did not perform any substantive procedures to corroborate management's assertion that the credit balances discussed above represented amounts due to third parties rather than errors in the amounts recorded as allowances for contractual adjustments. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Partnership Interests 5 AS 2201 42 During the year the issuer extinguished certain partnership interests through the issuance of new interests. The issuer reported these new interests at fair value which it determined to be equal to the redemption amounts of the extinguished interests. The following deficiencies were identified: · The firm selected for testing a control over the valuation of the new partnership interests that consisted of the review of the appropriateness of the accounting for new unusual or infrequent transactions. The firm did not test the aspect of this control that addressed the control owners' evaluation of the conclusion that the fair value of the new partnership interests was equal to the redemption amounts of the extinguished interests. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Partnership Interests 5 AS 2201 44 During the year the issuer extinguished certain partnership interests through the issuance of new interests. The issuer reported these new interests at fair value which it determined to be equal to the redemption amounts of the extinguished interests. The following deficiencies were identified: · The firm selected for testing a control over the valuation of the new partnership interests that consisted of the review of the appropriateness of the accounting for new unusual or infrequent transactions. The firm did not test the aspect of this control that addressed the control owners' evaluation of the conclusion that the fair value of the new partnership interests was equal to the redemption amounts of the extinguished interests. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Partnership Interests 6 AS 2810 30 During the year the issuer extinguished certain partnership interests through the issuance of new interests. The issuer reported these new interests at fair value which it determined to be equal to the redemption amounts of the extinguished interests. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the fair value of the new partnership interests was equal to the redemption amounts of the extinguished interests. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2201 42 During the year the issuer completed multiple business combinations. The firm selected for testing a control that included a review of the data and assumptions used to value the acquired intangible assets but the firm did not test this aspect of the control for those business combinations for which the issuer had not yet received a final valuation report from an external valuation specialist as of year end. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 7 AS 2201 44 During the year the issuer completed multiple business combinations. The firm selected for testing a control that included a review of the data and assumptions used to value the acquired intangible assets but the firm did not test this aspect of the control for those business combinations for which the issuer had not yet received a final valuation report from an external valuation specialist as of year end. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The issuer entered into revenue arrangements with multiple elements including arrangements that contained fees contingent upon the resolution of certain matters that were beyond the issuer's control (“contingent fees”). The issuer's policy was to recognize revenue and the related receivable from certain arrangements that contained contingent fees when services were provided which generally occurred before the resolution of the contingent matters. The following deficiencies were identified: · For certain of the issuer's revenue the firm did not identify and test any controls that addressed whether the issuer's revenue recognition policies for its multiple-element arrangements including those with contingent fees were in conformity with GAAP. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer entered into revenue arrangements with multiple elements including arrangements that contained fees contingent upon the resolution of certain matters that were beyond the issuer's control (“contingent fees”). The issuer's policy was to recognize revenue and the related receivable from certain arrangements that contained contingent fees when services were provided which generally occurred before the resolution of the contingent matters. The following deficiencies were identified: · For certain of the issuer's revenue the firm did not identify and test any controls that addressed whether the issuer's revenue recognition policies for its multiple-element arrangements including those with contingent fees were in conformity with GAAP. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2810 30 The issuer entered into revenue arrangements with multiple elements including arrangements that contained fees contingent upon the resolution of certain matters that were beyond the issuer's control (“contingent fees”). The issuer's policy was to recognize revenue and the related receivable from certain arrangements that contained contingent fees when services were provided which generally occurred before the resolution of the contingent matters. The following deficiencies were identified: · The firm did not evaluate whether the issuer's accounting for recognizing revenue for contingent fees prior to the resolution of the contingent matters and the determination of the amount to be collected was in conformity with FASB ASC Topic 605 Revenue Recognition and with GAAP as interpreted by the SEC Codification of Staff Accounting Bulletins Topic 13 Revenue Recognition. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 30 The issuer entered into revenue arrangements with multiple elements including arrangements that contained fees contingent upon the resolution of certain matters that were beyond the issuer's control (“contingent fees”). The issuer's policy was to recognize revenue and the related receivable from certain arrangements that contained contingent fees when services were provided which generally occurred before the resolution of the contingent matters. The following deficiencies were identified: · The firm did not evaluate whether the issuer's accounting for recognizing revenue for contingent fees prior to the resolution of the contingent matters and the determination of the amount to be collected was in conformity with FASB ASC Topic 605 Revenue Recognition and with GAAP as interpreted by the SEC Codification of Staff Accounting Bulletins Topic 13 Revenue Recognition. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2810 30 The issuer entered into revenue arrangements with multiple elements including arrangements that contained fees contingent upon the resolution of certain matters that were beyond the issuer's control (“contingent fees”). The issuer's policy was to recognize revenue and the related receivable from certain arrangements that contained contingent fees when services were provided which generally occurred before the resolution of the contingent matters. The following deficiencies were identified: · In addition the firm did not identify and appropriately address the inconsistency between the issuer's accounting for this revenue and its disclosure that it recognized revenue when the fee was fixed or determinable and collectability was reasonably assured. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 30 The issuer entered into revenue arrangements with multiple elements including arrangements that contained fees contingent upon the resolution of certain matters that were beyond the issuer's control (“contingent fees”). The issuer's policy was to recognize revenue and the related receivable from certain arrangements that contained contingent fees when services were provided which generally occurred before the resolution of the contingent matters. The following deficiencies were identified: · In addition the firm did not identify and appropriately address the inconsistency between the issuer's accounting for this revenue and its disclosure that it recognized revenue when the fee was fixed or determinable and collectability was reasonably assured. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2810 31 The issuer entered into revenue arrangements with multiple elements including arrangements that contained fees contingent upon the resolution of certain matters that were beyond the issuer's control (“contingent fees”). The issuer's policy was to recognize revenue and the related receivable from certain arrangements that contained contingent fees when services were provided which generally occurred before the resolution of the contingent matters. The following deficiencies were identified: · In addition the firm did not identify and appropriately address the inconsistency between the issuer's accounting for this revenue and its disclosure that it recognized revenue when the fee was fixed or determinable and collectability was reasonably assured. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 31 The issuer entered into revenue arrangements with multiple elements including arrangements that contained fees contingent upon the resolution of certain matters that were beyond the issuer's control (“contingent fees”). The issuer's policy was to recognize revenue and the related receivable from certain arrangements that contained contingent fees when services were provided which generally occurred before the resolution of the contingent matters. The following deficiencies were identified: · In addition the firm did not identify and appropriately address the inconsistency between the issuer's accounting for this revenue and its disclosure that it recognized revenue when the fee was fixed or determinable and collectability was reasonably assured. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 8 The issuer entered into revenue arrangements with multiple elements including arrangements that contained fees contingent upon the resolution of certain matters that were beyond the issuer's control (“contingent fees”). The issuer's policy was to recognize revenue and the related receivable from certain arrangements that contained contingent fees when services were provided which generally occurred before the resolution of the contingent matters. The following deficiencies were identified: · The firm did not evaluate whether (1) the issuer identified all elements in its arrangements and appropriately determined the units of accounting and (2) separate contracts entered into with the same individual customers within a short time frame should have been combined and accounted for as multiple-element arrangements. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The issuer entered into revenue arrangements with multiple elements including arrangements that contained fees contingent upon the resolution of certain matters that were beyond the issuer's control (“contingent fees”). The issuer's policy was to recognize revenue and the related receivable from certain arrangements that contained contingent fees when services were provided which generally occurred before the resolution of the contingent matters. The following deficiencies were identified: · The firm did not evaluate whether (1) the issuer identified all elements in its arrangements and appropriately determined the units of accounting and (2) separate contracts entered into with the same individual customers within a short time frame should have been combined and accounted for as multiple-element arrangements. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For certain revenue the firm selected for testing an automated control within the general ledger system that was designed to generate invoices and recognize revenue once the shipment was confirmed in the general ledger system. The firm did not identify and test any controls over (1) confirmed shipment data that were manually entered into the general ledger system and (2) the completeness and accuracy of the shipment data transferred to the general ledger from the issuer's shipping tracking systems. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 For revenue at a foreign location the firm selected for testing two entity-level controls. The following deficiencies were identified: · One of these controls consisted of the quarterly review of the financial reporting information for the issuer's segment that included this location. The firm did not evaluate the review procedures the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 For revenue at a foreign location the firm selected for testing two entity-level controls. The following deficiencies were identified: · One of these controls consisted of the quarterly review of the financial reporting information for the issuer's segment that included this location. The firm did not evaluate the review procedures the control owner performed including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 For revenue at a foreign location the firm selected for testing two entity-level controls. The following deficiencies were identified: · The second control consisted of (1) a review of the issuer's consolidated financial statements (2) a review of transactions over a threshold (3) meetings with the controllers for all segments to discuss financial results and (4) a review of revised consolidated financial statements as a result of adjustments identified as part of the review. The firm did not evaluate whether the criteria used by the control owner to identify items for follow up were sufficiently precise to detect misstatements in the revenue for this location that could be material to the consolidated financial statements. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 For revenue at a foreign location the firm selected for testing two entity-level controls. The following deficiencies were identified: · The second control consisted of (1) a review of the issuer's consolidated financial statements (2) a review of transactions over a threshold (3) meetings with the controllers for all segments to discuss financial results and (4) a review of revised consolidated financial statements as a result of adjustments identified as part of the review. The firm did not evaluate whether the criteria used by the control owner to identify items for follow up were sufficiently precise to detect misstatements in the revenue for this location that could be material to the consolidated financial statements. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 42 Certain of the issuer's inventory was subject to daily cycle counts and the issuer used a system-generated report that specified which items to count each day. The firm selected for testing a control that consisted of the issuer's daily cycle-count procedures. The firm did not test whether the system was properly configured to achieve the frequency schedule established by management and did not test the aspects of this control that addressed (1) the review and approval of the assignment of the frequency to each item and (2) whether approved frequencies were completely and accurately entered into the system. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 44 Certain of the issuer's inventory was subject to daily cycle counts and the issuer used a system-generated report that specified which items to count each day. The firm selected for testing a control that consisted of the issuer's daily cycle-count procedures. The firm did not test whether the system was properly configured to achieve the frequency schedule established by management and did not test the aspects of this control that addressed (1) the review and approval of the assignment of the frequency to each item and (2) whether approved frequencies were completely and accurately entered into the system. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Environmental Liabilities 1 AS 2201 42 The firm selected for testing an annual control that consisted of the review of the valuation models that the issuer used to determine its environmental liabilities including underlying inputs and assumptions. The firm did not test the aspect of this control that consisted of the review of an assumption that the issuer used in these models. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Environmental Liabilities 1 AS 2201 44 The firm selected for testing an annual control that consisted of the review of the valuation models that the issuer used to determine its environmental liabilities including underlying inputs and assumptions. The firm did not test the aspect of this control that consisted of the review of an assumption that the issuer used in these models. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Environmental Liabilities 2 AS 2501 11 The firm did not perform any substantive procedures to evaluate the reasonableness of the assumption discussed above that the issuer used as an input to the valuation models used to determine its environmental liabilities. (AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2201 42 During the year the issuer completed multiple business combinations. The firm selected for testing a control that included a review of the cash-flow forecasts and assumptions that the issuer used in determining the fair value of the acquired intangible assets. The firm did not evaluate the review procedures the control owner performed to assess the reasonableness of the prospective financial information and certain assumptions used in determining the fair value of the acquired intangible assets including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 3 AS 2201 44 During the year the issuer completed multiple business combinations. The firm selected for testing a control that included a review of the cash-flow forecasts and assumptions that the issuer used in determining the fair value of the acquired intangible assets. The firm did not evaluate the review procedures the control owner performed to assess the reasonableness of the prospective financial information and certain assumptions used in determining the fair value of the acquired intangible assets including the criteria that the control owner used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2502 26 The firm did not perform any substantive procedures to evaluate the reasonableness of the prospective financial information and certain assumptions underlying the valuation of the acquired intangible assets. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2502 28 The firm did not perform any substantive procedures to evaluate the reasonableness of the prospective financial information and certain assumptions underlying the valuation of the acquired intangible assets. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2502 31 The firm did not perform any substantive procedures to evaluate the reasonableness of the prospective financial information and certain assumptions underlying the valuation of the acquired intangible assets. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2502 36 The firm did not perform any substantive procedures to evaluate the reasonableness of the prospective financial information and certain assumptions underlying the valuation of the acquired intangible assets. (AS 2502.26 .28 .31 and .36) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2501 7 The issuer recognized certain of its revenue from contracts using the percentage-of-completion method. While the firm performed certain procedures that provided some evidence about historical margins on contracts these procedures provided little to no evidence regarding the estimated costs to complete the specific contracts open at year end. (AS 2501.07) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2101 11 The firm limited its substantive procedures to test inventory at certain of the issuer's locations to analytical procedures because of its reliance on an entity-level control that the firm selected for testing. This entity-level control consisted of the review of the financial statement level information for each of these locations. The firm identified two significant deficiencies and one control deficiency that were relevant to the issuer's controls over inventory. The firm's reliance on the entity-level control was not supported because the firm did not consider the implications of these deficiencies on the effectiveness of the entity-level control. As a result for these locations the firm inappropriately limited its substantive testing to analytical procedures that provided little to no substantive evidence. (AS 2101.11 and .12; AS 2301.16) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2101 12 The firm limited its substantive procedures to test inventory at certain of the issuer's locations to analytical procedures because of its reliance on an entity-level control that the firm selected for testing. This entity-level control consisted of the review of the financial statement level information for each of these locations. The firm identified two significant deficiencies and one control deficiency that were relevant to the issuer's controls over inventory. The firm's reliance on the entity-level control was not supported because the firm did not consider the implications of these deficiencies on the effectiveness of the entity-level control. As a result for these locations the firm inappropriately limited its substantive testing to analytical procedures that provided little to no substantive evidence. (AS 2101.11 and .12; AS 2301.16) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2301 16 The firm limited its substantive procedures to test inventory at certain of the issuer's locations to analytical procedures because of its reliance on an entity-level control that the firm selected for testing. This entity-level control consisted of the review of the financial statement level information for each of these locations. The firm identified two significant deficiencies and one control deficiency that were relevant to the issuer's controls over inventory. The firm's reliance on the entity-level control was not supported because the firm did not consider the implications of these deficiencies on the effectiveness of the entity-level control. As a result for these locations the firm inappropriately limited its substantive testing to analytical procedures that provided little to no substantive evidence. (AS 2101.11 and .12; AS 2301.16) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 11 At another location the issuer calculated a reserve for excess and obsolete inventory by applying established percentages to each inventory aging category. The firm did not (1) test the accuracy of the inventory aging and (2) evaluate the reasonableness of the established percentages applied to each of the inventory aging categories. (AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 1 AS 2201 42 The firm selected for testing a control that included a review of the assumptions underlying the forecasted cash flows that the issuer used in its evaluation of certain proved properties for possible impairment. The firm did not test the aspect of this control that addressed the reasonableness of certain of these assumptions and the accuracy of the historical data that the issuer used in developing these assumptions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 1 AS 2201 44 The firm selected for testing a control that included a review of the assumptions underlying the forecasted cash flows that the issuer used in its evaluation of certain proved properties for possible impairment. The firm did not test the aspect of this control that addressed the reasonableness of certain of these assumptions and the accuracy of the historical data that the issuer used in developing these assumptions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 2 AS 2501 11 The firm did not test (1) the reasonableness of certain assumptions that the issuer used in its evaluation of these properties beyond inquiry and (2) the accuracy of the historical data that the issuer used in developing one of these assumptions. (AS 2501.11) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The majority of the issuer's inventory was subject to daily cycle counts and the issuer used its inventory system to determine the frequency of cycle counts. The firm selected for testing a control that consisted of the review of an analysis to monitor the frequency and accuracy of the counts. The firm did not evaluate whether items the control owners identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The majority of the issuer's inventory was subject to daily cycle counts and the issuer used its inventory system to determine the frequency of cycle counts. The firm selected for testing a control that consisted of the review of an analysis to monitor the frequency and accuracy of the counts. The firm did not evaluate whether items the control owners identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 In addition the firm did not test whether the system was properly configured to calculate inventory turnover which was used to determine the frequency of cycle counts. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test this inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2018 United States Grant Thornton International Limited 2020-04-28T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 For two of the issuer's operating units the issuer used the percentage-of-completion method to recognize certain revenue and recognized other revenue upon delivery of its products to its customers or when installation services were rendered. The firm did not identify and test any controls that addressed the risk of improper recognition of this revenue. (AS 2201.39)